Nigeria's Supreme Court will rule on whether to extend the central bank's plan to swap old bank notes for new ones in a bid to curb cash in circulation and control double-digit inflation.
GLOBAL MARKETS Asian shares rose on Friday after Wall Street reversed losses on signals of a measured policy tightening approach from the U.S. Federal Reserve as well as on prospects of a solid economic recovery in China. WORLD OIL PRICES Oil prices fell on Friday, but were poised for a weekly gain as renewed optimism on China's demand recovery over-rode recession worries brought by growing crude inventories in the U.S. and tightening monetary policy in Europe. EMERGING MARKETS For the top emerging markets news, double click on AFRICA STOCKS For the latest news on African stocks, click on SOUTH AFRICA MARKETS
South Africa's rand weakened on Thursday, as the dollar firmed on strong U.S. labour data, which suggested the Federal Reserve will likely keep rates higher for longer.
KENYA MARKETS
Kenya's shilling slid against the dollar on Thursday, as hard-currency demand from fuel importers and manufacturers outstripped supply, traders said.
UGANDA LGBT
Days after Uganda's parliament ordered an investigation last month into the alleged promotion of homosexuality in schools, a video appeared online identifying Kampala resident Eric Ndawula as gay.
NIGERIA ELECTION
Nigerian presidential candidate Peter Obi said on Thursday he had won Saturday's election, called Bola Tinubu's victory fraudulent and promised to claim the top job through legal means.
NIGERIA POWER
Nigeria's outgoing President Muhammadu Buhari opened an emergency gas-fired power plant in the northeastern city of Maiduguri on Thursday, where Islamist insurgents have wreaked havoc with attacks on the electricity network.
MALAWI ECONOMY
Malawi's budget deficit for the 2023/24 fiscal year is seen at 1.32 trillion kwacha ($1.30 billion), or 8.7% of GDP, Finance Minister Sosten Gwengwe said in a budget speech to parliament on Thursday.
GHANA DEBT
Ghana's finance ministry said on Thursday that a Chinese delegation had ended a three-day visit to discuss Ghana's request for the restructuring of the $1.9 billion debt it owes China.
AFRICA INTERNET
Microsoft Corp has reached a deal with Africa's biggest independent fiber network toward its goal of expanding internet access on the continent, its President Brad Smith said.
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