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S&P cuts Egypt's credit ratings

Ratings agency Standard & Poor's has pushed Egypt's sovereign credit ratings deeper into junk status, citing "continued pressure" on foreign reserves.

 

Ghana impounds 'faulty condoms'

Faulty Condom - BBC

More than 110 million Chinese-made condoms are seized in Ghana after laboratory tests revealed they had holes and burst easily.

 

Nigeria tycoon 'plans $8bn refinery'

Africa's wealthiest man, Aliko Dangote, says he aims to invest up to $8bn in a major new oil refinery that would double Nigeria's current oil output.

 

Mubarak ordered back to prison

Hosni Mubarak

Former Egyptian President Hosni Mubarak has been ordered back to prison from military hospital. Mr Mubarak's retrial will open on 11 May, a Cairo appeals court says.

 

African growth 'to outpace world'

Economic Growth in Africa - BBC

Sub-Saharan Africa's economic growth is set to outpace the global average over the next three years, according to the World Bank. Higher commodities, increasing investment and a general pick-up in the world economy should all boost the continent's growth to more than 5%.

 

France launches big Mali offensive

French forces launch one of their biggest offensives against militants in northern Mali before the start of their troop withdrawal later this month.

 

BRICS plan development bank to fund infrastructure

Leaders of the five BRICS nations fueling global economic growth plan the creation of a development bank in a direct challenge to the World Bank that they accuse of Western bias.

 

Mali needs aid to rebuild north, stop militant return: France

Donors need to pour aid into Mali over the next six months to rebuild its strife-hit north and stop defeated militants taking advantage of the chaos to return, France's development minister said on Tuesday.

 

Zimbabweans approve new constitution by landslide

Zimbabweans have approved a new constitution that curbs the powers of the president and puts the turbulent southern African country a step closer to holding full elections in the next few months, the election commission said on Tuesday.

 

Cardinal: pedophilia not a crime says cardinal, followed by swift apology

A South African cardinal on Monday apologized for offending victims of child abuse when he described pedophilia as an illness and not a crime in a media interview. Victims' rights groups and others said the comments by Cardinal Wilfrid Fox Napier, the Catholic Archbishop of Durban, comments were insensitive, especially given perceptions the Catholic Church has not done enough to root out abuse.

 

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