When it comes to fostering economic development and industrialisation in Africa, one cannot ignore the pivotal role of investment climate reforms. Historically, the investment climate in many African countries has been fraught with challenges, ranging from regulatory bottlenecks and political instability to inadequate infrastructure. The quest for attracting foreign direct investment (FDI) and stimulating domestic […] The post
By Julie LeBLANC The United States is deeply committed to its role as a steadfast economic and commercial partner to African nations. This commitment was recently highlighted by Secretary of State Anthony Blinken’s visit to West Africa, including stops in Nigeria – both in Abuja and Lagos – as well as in Cabo Verde, Cote […] The post The United States deeply
President Nana Addo Dankwa Akufo-Addo has proposed that 30 per cent of Africa’s sovereign reserves held in foreign banks be invested in the continent’s financial institutions. “We should decide that a minimum of 30 per cent of the reserves of each one of us, should, be invested in the multilateral institutions,” he said, citing the […] The post Thirty
Thousands of demonstrators have gathered in Senegal’s capital, Dakar, demanding swift presidential elections. It comes after the country’s top court blocked President Macky Sall’s attempt to postpone the election, originally scheduled for this month. Mr Sall’s last-minute decree, backed by parliament, had triggered a political crisis in Senegal, once regarded as a bastion of democracy […] The post Senegal
Senegal’s Election Authority on Thursday, February 15, 2024, has voided the government’s postponement of a presidential election scheduled for Feb. 25 and its rescheduling for December, ruling that the moves were unconstitutional. Senegal’s Constitutional Council cancelled the decree signed by President Macky Sall that postponed the election, according to a judgement approved by seven members […] The post Senegal:
Russia’s most significant opposition leader for the past decade, Alexei Navalny, has died in prison inside the Arctic Circle, the prison service said. Seen as President Vladimir Putin’s most vociferous critic, Navalny was serving a 19-year jail term on charges widely considered politically motivated. He was moved to an Arctic penal colony, considered one of […] The post Russian
Russia’s most significant opposition leader for the past decade, Alexei Navalny, has died in an Arctic Circle jail, the prison service said. Seen as President Vladimir Putin’s most vociferous critic, Navalny was serving a 19-year jail term on charges widely considered politically motivated. He was moved to one of Russia’s toughest penal colonies late last […] The post Putin
One person has died and 21 people were wounded in a shooting in Missouri at the end of the Kansas City Chiefs’ Super Bowl victory parade. Officials said they treated eight victims who were in immediately life-threatening condition and seven others who had suffered injuries that could prove life-threatening. Nine children were among the wounded […] The post Kansas
The newly appointed Finance Minister, Dr. Mohammed Amin Adam, has given the greatest assurance that he will not depart from the policies and programmes of the government as contained in the 2024 budget. Dr. Amin Adam emphasized his familiarity with the ministry, its programmes and challenges and indicated that his one year as a Minister […] The post I’ll continue with
The first-ever criminal trial of a former US president is set to start next month, with Donald Trump defending himself against allegations of conducting a hush-money cover-up. The 77-year-old appeared in court in New York on Thursday, seeking to have the trial dismissed or delayed. But Judge Juan Merchan was not swayed by arguments that […] The post Donald Trump’s
Minister of State at the Finance Ministry, Dr. Mohammed Amin Adam has been announced as the new Minister of Finance. He takes over from Ken Ofori-Atta who was relieved of his duties by President Nana Addo Dankwa Akufo-Addo in a major government reshuffle on Wednesday. In February 2023, Dr Mohammed Amin Adam was announced Minister […] The post Amin Adam replaces Ofori-Atta
Access to financial services continues to play a pivotal role in driving economic growth in nations across the globe. In the wake of rapid post-COVID-19 structural transformations in economies worldwide, the issue of financial inclusion has taken centre stage in national policy discussions. Financial inclusion stands as a vital indicator for inclusive growth in any […] The post
A big Russian amphibious ship, the Caesar Kunikov, has sunk off the coast of Russian-occupied Crimea, according to Ukraine’s armed forces. Powerful explosions were heard early on Wednesday, according to local social media, which suggested the landing ship was hit south of the town of Yalta. Ukraine’s intelligence directorate released video of what it said […] The post Russian
Zenith Bank has reaffirmed its commitment to the real economy, as evidenced by a slew of measures geared toward empowering Micro, Small and Medium Enterprises (MSMEs) in the country, a move which it describes as ‘true banking’. This renewed dedication was announced by its Managing Director and Chief Executive Officer, Henry Onwuzurigbo, and comes on […] The post Zenith
Flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has eulogized the late Chief Executive Officer of Access Holdings, the parent company of Access Bank, Herbert Wigwe. Herbert Wigwe, his wife, and son were among six individuals on board a helicopter that crashed in the United States early Saturday, February 10, 2024. The deadly […] The post It’s
Access Bank, one of Nigeria’s largest banks, has appointed a temporary replacement for CEO Herbert Wigwe, who died alongside five others in a helicopter crash last Friday. Bolaji Agbede, Access Bank’s most senior founding executive director, will assume the CEO position in an acting capacity, the bank’s parent company, Access Holdings Plc, announced in a […] The post Nigeria’s
First National Bank has achieved the prestigious International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC) 27001:2022 certification for implementing a comprehensive system for managing and dealing with data security risks. As an international standard organisation, the ISO/IEC 27001 sets the requirements for establishing, implementing, maintaining, and continually improving an Information Security Management […] The post
Police in northern India have fired tear gas to prevent thousands of protesting farmers demanding minimum crop prices from marching on Delhi. The capital is ringed by razor wire, cement blocks and fencing on three sides to keep protests at bay. The government fears a repeat of 2020 – dozens died in a year-long protest […] The post Farmers’
Negotiations for a ceasefire between Israel and Hamas in Gaza have resumed in Cairo, Egyptian media say. Senior officials from the US, Israel, Egypt and Qatar are meeting as Israel faces strong international pressure to stop its bombardment of the southern Gaza city of Rafah. About 1.5 million people are crammed into this small border […] The post Israel Gaza: Ceasefire
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