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Wednesday, 8th July 2020
1:30:36pm

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Malawi's Chakwera pledges graft clampdown in subdued inauguration amid virus

Malawi’s new President Lazarus Chakwera pledged to clamp down on corruption on Monday, as he delivered his inauguration speech in a scaled-down ceremony dampened by a surge in COVID-19 cases.

Chakwera unseated former leader Peter Mutharika in a June 23 re-run election after the 2019 polls were overturned by a court, citing irregularities.

The…

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Angola agrees to comply fully with oil cuts after OPEC pressure, sources say

Angola has agreed with OPEC to comply fully with a global pact on supply curbs and will compensate for previous overproduction by cutting more from July to September, two OPEC sources said.

The Organization of the Petroleum Exporting Countries and allies led by Russia, a group known as OPEC+, agreed to cut oil output from May by a record 9.7…

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Ghana presidential candidate selects first female running mate for major party

Former Ghana President John Mahama said on Monday that he had chosen Jane Naana Opoku-Agyeman as his running mate for this year’s election, making her the first woman on a major Ghanaian party’s presidential ticket.

The Dec. 7 poll will pit Mahama, who governed from 2012 to early 2017, against his successor, President Nana Akufo-Addo, who defeated…

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S.Africa consumer confidence crashes to 35-year low in second quarter - survey

South Africa’s consumer confidence plunged to a 35-year low in the second quarter, moving deeper into the negative territory as the COVID-19 pandemic hammered the economy, a survey showed on Tuesday.

The consumer confidence index (CCI), sponsored by First National Bank (FNB) and compiled by the Bureau for Economic Research, slumped to minus 33…

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Kibali's $500 million will be cleared to leave Congo 'very soon' - Barrick CEO

Barrick Gold’s Kibali gold mining joint venture in Democratic Republic of Congo will be able to get $500 million out of the country very soon, CEO Mark Bristow told Reuters on Monday.

The gold miner has been in discussions with Congo’s government over how to get the money out of the country for months. A resolution was close in January, but then…

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