Newscast - Africa

The National Bureau of Statistics says the total value of capital importation into the country declined by 2.40 per cent to $1.54 billion in the second quarter of the year compared to $1,57 billion in the preceding quarter.
The Nigerian Capital Importation Q2 2022 shows that Lagos State topped the destination for foreign capital inflows with $1.05 billion, accounting for 68.66 per cent of total inflows into the country.

The government says the deal achieved through the alternative dispute resolution framework saves the country money as the company demanded $5.258 billion.
The Nigerian government says it has agreed to pay $496 million to settle a multibillion-dollar claim by Global Steel Holdings Limited over the control of Ajaokuta Steel Company.
Attorney-General Abubakar Malami says the federal government will pay the company $496 million instead of $5.258 billion demanded by the firm, to settle the dispute.

The Federal Government, through the Nigerian National Petroleum Company Limited, has paid $3.81bn cash call arrears in joint ventures to international oil companies.
Figures showed that the $3.81bn repayment was done as at May 31, 2022, leaving an outstanding balance of $873.34m.
The total negotiated debt between the government and the five IOCs was put at $4.68bn.

Berlin is willing to consider a price cap on gas citing a text message sent by Germany’s economy minister to energy ministers across Europe.
Robert Habeck says that Berlin might consider capping the price of gas at a Sept. 9 emergency meeting of European Union energy ministers, which is set to tackle soaring costs due to curbed gas supplies from Russia.
Habeck says Germany faces the bitter reality that Russia will not restore gas supplies to the country, ahead of a planned halt by state energy giant Gazprom of exports to Europe via the Nord Stream 1 pipeline.

Pakistan's planning minister says early estimates show the devastating floods that hit the country have caused at least $10bn of damage.
Pakistan received a $1.1bn bailout from the International Monetary Fund which is aimed to help the cash-strapped economy avoid defaulting on its debts.
The unprecedented flash floods caused by historic monsoon rains have killed at least 1,136 people and affected more than 33 million, over 15% of the country's population.

Twitter says it has begun actively testing an edit button, after months of publicly discussing such a tweak.
The company says the trial of Edit Tweet will begin with internal employees, and then be expanded out to the platform’s Twitter Blue subscription population.
The company says Under the revision being studied, users could edit a tweet a few times in the 30 minutes after the initial posting, in ways that transparently note the changes to help protect the integrity of the conversation and create a publicly accessible record of what was said.

Finance Minister Enoch Godongwana has tabled in Parliament the Anti-Money Laundering and Combating Terrorism Financing Amendment Bill while reiterating the government's commitment to nip illicit money flows.
The National Treasury says the approval was a demonstration of the government's commitment to the fight against corruption, money laundering and terror financing.
He says the law will improve South Africa's adherence to international best practices in combating financial crimes and corruption.

South Africa’s health minister has warned that it is not up to ordinary citizens to enforce the country's immigration law.
Operation Dudula has been accused of xenophobia, but its members say foreign nationals are putting a strain on the country's health system.
Mr Phaahla told journalists that a growing number of people from neighbouring countries were coming to South Africa for treatment.
He says if that continued, South Africa would reach a stage where it could not cope.
He stressed that the constitution was clear about the right of anyone who lived in the country to access healthcare.

The Ethiopian government says that Tigrayan attacks intensified.
The government called the Tigray People's Liberation Front a terrorist group and says the duty of halting it from its destructive activities has fallen on the government and the people of Ethiopia.
The statement also says the TPLF was punishing the people of Tigray through starvation by launching attacks during the farming season.

Former President Goodluck Jonathan has called on Nigerians to protect the country’s democracy from derailment into some form of fascism.
He says this is not the time for Nigerians to lower their guard and allow democracy to crumble.
Jonathan maintained that democracy remains the best form of government that can effectively manage the nation’s diversity.
He says democracy is not about winning elections, noting that Nigerians must accommodate other people’s views.