Hundreds of Civilians Killed in South Sudan Ethnic Massacre

By Michelle Nichols UNITED NATIONS (Reuters) – Rebels slaughtered hundreds of civilians when they seized the South Sudan oil hub of Bentiu, hunting down men, women and children who had sought refuge in a hospital, mosque and Catholic church, the United Nations said on Monday. Rebel troops overran Bentiu, the capital of the oil producing Unity State, on Tuesday. More than … Read more

Nigeria’s Sterling Bank First-Quarter Profit Rises 17 Pct

LAGOS (Reuters) – Nigeria’s Sterling Bank said on Tuesday its first-quarter pretax profit rose to 3.54 billion naira ($21.8 million), up 17.3 percent from 3.02 billion Naira a year earlier. Gross earnings at the mid-tier bank climbed to 24.62 billion Naira during the three months to March 31, as against 19.84 billion Naira in the same period of … Read more

Algeria Trade Surplus Falls In 1st Quarter, Energy Exports Down 6.8 Pct

ALGIERS (Reuters) – Algeria’s trade surplus in the first quarter of this year fell to $2.6 billion from $3.36 billion a year earlier, with exports particularly hit by a 6.8 percent drop in energy earnings, the government customs office said. Algeria’s oil and gas export revenues, which account for 95 percent of total exports, were $15.7 … Read more

Cameroon To Boost Private Sector, Aims For 6 Pct GDP Growth In 2014

YAOUNDE (Reuters) – Cameroon has adopted a plan to galvanise its struggling private sector in an effort to raise the economic growth rate to 6 percent this year, the Central African nation’s economy minister said. Cameroon is an oil producer in the Gulf of Guinea and the world’s fifth largest cocoa producer. Its economy is one of the region’s largest but … Read more

22 Reported Killed In Clashes Over CAR Town

By Crispin Dembassa-Kette BANGUI (Reuters) – At least 22 people, mainly civilians, were killed in clashes between mainly Muslim rebels and Christian militia in the Central African Republic earlier this week, the local Red Cross said on Wednesday. The clashes took place on Monday in Grimari, about 300 km (190 miles) northeast of Bangui, and coincide with a push into the interior by French and African forces … Read more

Abuja bomb blast kills at least 35 Nigerians, more feared dead

By Isaac Abrak and Camillus Eboh ABUJA (Reuters) – A bomb at a crowded bus station on the outskirts of Abuja killed at least 35 people during rush hour on Monday morning, witnesses said, the first such attack near the Nigerian capital for two years. Body parts and blood were strewn across the station and an unruly crowd … Read more

SA drops to Africa’s #2, Nigeria’s rebasing puts its GDP 34% bigger at $500bn

It’s been rumoured for a while, but now South Africa’s under-performing economy has been given its coldest possible shower with news that not only has Nigeria’s GDP surpassed SA’s, but there’s daylight between the two. Nigeria’s rebased GDP is a touch above $500bn, a full one third bigger than SA’s $370bn. With Nigeria’s GDP growing … Read more