African Boulevard News: Latest African News for May 4, 2023
Sudan: Heavy Fighting in Khartoum as Power Struggle Rages
The struggle for power in Sudan continues as fierce fighting could be heard in central Khartoum. The paramilitary Rapid Support Forces clashed with the army as they tried to push back from areas around the presidential palace and army headquarters. A lasting ceasefire appears to be elusive as both groups continue to dig in their heels.
Ethiopia: WFP Suspends Food Distribution in Tigray Over Diversion Fears
The World Food Programme (WFP) has suspended food aid to Ethiopia’s Tigray over reported thefts. The suspension comes amidst growing concerns that food supplies are being diverted from needy people to fighters of Ethiopia’s Tigray region. According to the WFP, eight food convoys have been hijacked so far this year.
Nigeria: Nigerian Hijab-wearing Chef Seeks to Break Stereotypes About Muslim Women
In a bid to break stereotypes about Muslim women, Nigerian chef Hadiza Lawal is gaining fame for her culinary skills while wearing a hijab. Hadiza felt that wearing a hijab was a barrier to pursuing her love for food and decided to change that perception. She has since been gaining a following and has appeared on several cooking shows.
Sudan: Sudan Conflict Deals New Blow to Stagnant Economy
The ongoing conflict in Sudan is causing significant damage to the country’s already stagnant economy. The country has been in political and economic turmoil since the overthrow of President Omar al-Bashir in 2019. The conflict between rival commanders continues to exacerbate the situation.
Kenya: Inside a Kenyan Starvation Cult and Its Tragic End in a Forest of Death
Kenya has been grappling with the issue of cults, with reports emerging of a recent cult that reportedly caused the death of over 100 members. The cult, located in a remote forest in western Kenya, is said to have starved its members in a bid to prepare them for the end of the world. Unfortunately, many of the members died from the extreme conditions.
Nigeria: Nigeria’s Senate Approves Restructure of $52 bln in Cenbank Loans
Nigeria’s senate has approved the restructure of $52 billion in central bank loans. The move is aimed at shoring up the country’s finances amidst an ongoing economic crisis. The country is also facing significant inflation and unemployment rates.
Kenya: Kenya Private Sector Activity Falls in April – PMI
Kenya’s private sector activity fell in April, according to the latest Purchasing Managers’ Index (PMI). The PMI dropped to 49.4 from 50.6 in March, which indicates a contraction in manufacturing activity. The decline is being largely attributed to the ongoing political and economic uncertainty in the country.
South Africa: Oil Prices Extend Losses After Fed Interest Rate Rise
Oil prices have continued to fall after the US Federal Reserve announced an interest rate rise. The move has led to concerns about reduced demand for oil and other commodities. South Africa, which is a major exporter of commodities, is likely to be affected by the decline in demand.
South Africa: South African Rand Gains Against Weaker Dollar After Fed Signals Pause
The South African rand has recently gained against the weaker dollar after the Federal Reserve signaled a pause. The move has led to a slight rebound in the country’s economy, which has been struggling with high unemployment and inflation rates. The rand’s gains are also being attributed to improved investor sentiment.
South Africa: South Africans Call UK to Return Diamonds Set in Crown Jewels
South Africans have called on the UK to return diamonds set in the country’s crown jewels. The diamonds were removed from South Africa during the colonial era and have been set in the British royal crown. The move is being seen as a symbolic gesture towards correcting the imbalance of colonialism.
Global: Global Markets Wrap-Up
Global markets have seen a decline amidst growing concerns about inflation and the state of the global economy. Stocks and the euro have failed to gain momentum ahead of an expected ECB rate hike. The situation is being closely watched by investors as they anticipate the next move of central banks.
South Africa: South Africa’s Pick n Pay Hit by Energy, Store Revamp Costs
South Africa’s Pick n Pay has been hit by energy and store revamp costs. The country’s second-largest supermarket chain reported increased overhead costs, which have eaten into its profits. The company has been struggling to cope with increased competition and a changing retail landscape.
African Boulevard News – (2023-05-04)
