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South African rand falls on risk aversion as US-China trade war heats up
South Africa’s rand weakened in early trade on Monday, giving up some of the election inspired gains, with risk aversion driving currency markets afte...
US
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Squeezed by US shale, Nigerian oil propped up by Asian demand
The rising tide of light U.S. shale oil has largely swept away comparable grades of Nigerian oil from American shores and is putting them under pressu...
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US think tank cautions Africa on increasing Chinese projects
Kenya and other African countries could reap net benefits from Chinese investment, but that favourable outcome hinges on whether host countries adopt ...
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Oil prices slip as U.S. crude output nears 12 million barrels per day
Oil prices fell on Thursday as U.S. crude production neared an unprecedented 12 million barrels per day (bpd) just as worries about weakening demand e...
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US to cut troops in Africa as focus shifts to China, Russia
The U.S. military will withdraw hundreds of troops focused on counterterrorism operations in Africa over the next several years to support the Pentago...
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US express concerns over currency swaps between Africa, China
The U.S. is concerned that increased currency swap agreements between China and African nations will reduce visibility into financial transactions and...
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US seeks African countries interested in free trade agreements
The US government says it is looking for African countries that would be interested in bilateral free trade agreements with it. NAN reports that Peter...
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Kenyatta to meet Trump for trade talks as ties improve between US and Kenya
Kenyan President Uhuru Kenyatta will hold talks with his US counterpart Donald Trump on August 27 in Washington, the White House confirmed on Monday. ...
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US to send FBI experts to investigate Ethiopia bomb blast
The United States will send experts from the Federal Bureau of Investigation to Ethiopia to investigate a bomb blast that took place during a rally on...
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BREAKING: US President Donald Trump fires US secretary of state Rex Tillerson
President Donald Trump of the US has fired Rex Tillerson, US secretary of state. Tillerson was replaced with Mike Pompeo, director of Central Intellig...