African Boulevard News – Daily News Recap (May 18, 2023)
Sudan: Heavy Fighting in Khartoum
Heavy fighting continues to rage in Khartoum, the capital of Sudan, as civilians are seeking shelter from air strikes and sporadic clashes between rival military factions. The United Nations reported that more than half of Sudan’s population now needs aid and protection.
South Africa: Power Crisis Deepens
South Africa’s power crisis persists as Eskom, the nation’s power utility company, warns of longer power cuts this winter. The company said the country could face further reductions because of an increase in power outages and a decrease in available supply. South Africa is now circling back to shale gas as a potential solution to address the energy crisis. The country’s Investec Property Fund also reported a 2.8% drop in income due to rising global interest rates.
Ghana: IMF Approves $3 Billion Loan
Ghana secured approval from the International Monetary Fund (IMF) for a $3 billion loan, with an immediate payout of $600 million. The relief will help Ghana with external debt-service payments from 2023 to 2026.
Ukraine: Falling Debris Causes Fires in Kyiv
Debris caused by overnight Russian attacks fell in Kyiv, causing fires in two locations, according to Ukrainian officials. Meanwhile, Ethiopia’s Oromiya rebels accused the government of launching a military offensive against them after a first round of peace talks ended without a deal.
Chad: Second Exile for Sudanese Refugees
Sudanese refugees are facing a second exile, fleeing to destitute Chad amid continued conflict in their home country. Meanwhile, Tunisia pledges safety for Jewish citizens following a synagogue attack, and almost 250,000 people in Somalia have fled their homes due to severe flooding, adding to the country’s existing drought crisis.
Market Watch: Rand Extends Losses
The South African rand weakened further against the dollar, reflecting uncertainty over debt-ceiling talks. The World Bank recently suspended $1 billion worth of project funding in Congo, citing concerns over the country’s governance.
That’s all for today’s news in Africa. Stay tuned for more updates tomorrow.
African Boulevard News – (2023-05-18)
