Tuesday, September 25, 2018

Tag "Africa"

    China to US: Don’t blame us for Africa’s accumulated debt

China to US: Don’t blame us for Africa’s accumulated debt

The Chinese government says it cannot take the blame for Africa's debt burden, saying it is as a result of accumulation over the years.At a press briefing on Monday, the US department of state had said China's loan rates are terrible for Africa because they burden the continent.Responding to the statement on Tuesday, Geng Shuang, Chinese foreign ministry spokesperson, said he [...]

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    Akinwumi Adesina: Africa’s agriculture sector will be worth $1trn by 2030

Akinwumi Adesina: Africa’s agriculture sector will be worth $1trn by 2030

Africa’s agriculture market is expected to rise to a valuation of $1 trillion by 2030, says Akinwumi Adesina, president of African Development Bank (AfDB).Adesina said this on Thursday during a keynote address at the 94th US department of agriculture outlook forum held in Virginia."For too long, Agriculture has been associated with what I call the three Ps - pain, penury, and poverty. The [...]

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    Kukah and the debate on African democracy

Kukah and the debate on African democracy

Depending on where you stand on the active controversies of the day, Bishop Matthew Hassan Kukah, 65, is either a passionate public intellectual animated and driven by his love for his fatherland and how to make her take her rightful position in the comity of nations or he is a political gadfly and peripatetic scholar who probably would have been [...]

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    Ben Bruce: When I first met Dangote, he was the richest man in Apapa

Ben Bruce: When I first met Dangote, he was the richest man in Apapa

Ben Murray-Bruce, senator representing Bayelsa-east, says he first met Aliko Dangote, billionaire businessman in 1981 when he was the richest man in Apapa, Lagos.In a tweet on Thursday, the lawmaker said in less than three decades, the president of Dangote Group grew from being the richest man in Apapa to becoming Africa’s richest man.Challenging the younger people, Bruce said despite the [...]

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    Buhari: How to win the fight against corruption

Buhari: How to win the fight against corruption

President Muhammadu Buhari has told African leaders that winning the war against corruption in the continent would require a change of mindset.He said this on Sunday while launching the African anti-corruption year at the ongoing AU summit in Addis Ababa.In an address titled ‘Winning the fight against corruption: A sustainable path to Africa’s transformation’, Buhari said such a change of [...]

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    From Ghana to Ivory Coast: How herdsmen have been wreaking havoc across Africa

From Ghana to Ivory Coast: How herdsmen have been wreaking havoc across Africa

Clashes between farmers and nomadic herders across West Africa are beginning to look like the norm, with each country taking its share of the violence. Residents of Logo and Guma communities in Benue state, Nigeria, entered 2018 on a sad note.Suspected herdsmen invaded communities in the areas and by the time the dust settled on an attack, over 70 people had been [...]

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    Osinbajo to deliver lecture at Harvard

Osinbajo to deliver lecture at Harvard

Vice-President Yemi Osinbajo will on Tuesday deliver the inaugural keynote lecture at Harvard Business School, as the university introduces a new course,“Africa Rising”. According to a statement by Laolu Akande, his spokesman, Osinbajo would during the lecture,  highlight the progress made by the Buhari administration in improving the country’s economy and investment climate.The vice-president is expected back in Abuja on Wednesday."The university describes the [...]

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    How oil spills ‘lubricate’ migration from Nigeria

How oil spills ‘lubricate’ migration from Nigeria

According to the United Nations Economic Commission for Africa (UNECA), migration streams within Africa are larger than those out of Africa.In a report released in 2016, UNECA said about 31 million of the continent’s 1.2 billion population have migrated internationally, while more than half of those migrating internationally do so within Africa.Ouidah, one of the 10 major cities in Benin Republic, [...]

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    Trump ‘knocks migrants from dirty Africa’ in profanity-laced outburst

Trump ‘knocks migrants from dirty Africa’ in profanity-laced outburst

Donald Trump, US President, is reported to have questioned why the US would want to have immigrants from "s***hole countries" such as Haiti and African nations.The profane term means "an extremely dirty, shabby, or otherwise unpleasant place".According to NAN, Reuters quoted sources as saying the US president made the remarks in the White House while being briefed on a newly [...]

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    Study: Surgery deaths in Africa twice global average

Study: Surgery deaths in Africa twice global average

Death rates for patients undergoing surgery in Africa are double the global average even though they tend to be younger, scientists said, adding that many deaths were likely preventable.According to a study published in the Lancet medical journal, scientists said contributory factors include few specialists, poor hospital infrastructure and a lack of post-operative monitoring.“Patients receiving surgery in Africa are younger [...]

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    The history of Biafra: A comparative perspective of the old and contemporary struggle

The history of Biafra: A comparative perspective of the old and contemporary struggle

BY BIN ZAKThe advent of colonialism in Africa gave birth to many new territories, annexation and extinction of the existing ones. For instance, the territory known as Nigeria today was invented by the colonial masters through the annexation of different existing territories. This geographical invention precipitated the historical distortion and geographical extinction of certain territories. Biafra among other territories lost [...]

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    We are out to promote creativity on our continent, says NGO supporting African entrepreneurs

We are out to promote creativity on our continent, says NGO supporting African entrepreneurs

The Innovation Prize for Africa (IPA), a non-governmental organisation (NGO), has been offering support to Africans interested in developing technological innovations to solve problems on the continent and the globe at large.According to Pauline Koelbl, IPA director, the foundation seeks to increase Africa’s prosperity through investing in home-grown innovations and entrepreneurship.It also plans to strengthen African innovation ecosystems and mobilise [...]

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    Nigeria pushes for more permanent members on UN security council

Nigeria pushes for more permanent members on UN security council

Nigeria has demanded an immediate restructuring and expansion of the UN security council to correct the injustices meted out against Africa in the composition of the 15-member body.Nigeria’s position was delivered by Babatunde Nurudeen, permanent representative of Nigeria to ECOWAS at the UN general assembly debate on ‘Question of Equitable Representation on and Increase in the Membership of the Security [...]

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    Jonathan: We have to dream that we’ll catch up with the rest of the world

Jonathan: We have to dream that we’ll catch up with the rest of the world

Former President Goodluck Jonathan says Africa has to begin to dream it will catch up with the rest of the world on technological advancement.Speaking at the 2017 roundtable of the African Presidential Leadership Centre in Johannesburg, South Africa, he said there is a need to recognise the most brilliant students and focus on building them to bring about the development of [...]

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    Great job beating ISIS in Syria — now let’s keep them out of Africa

Great job beating ISIS in Syria — now let’s keep them out of Africa

The recent report that U.S.-backed forces declared victory in the ISIS stronghold of Raqqa is one of several examples proving the tides are turning against the notorious terrorist group. It also affirms the battle-tested notion that when the United States builds coalitions with other nations, even the most challenging of tasks can be accomplished.But the challenge to terminate ISIS (and [...]

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    ‘Africa loses $50bn annually to illicit financial flows’

‘Africa loses $50bn annually to illicit financial flows’

Thomas Quartey, deputy chairman of the African Union commission, on Thursday said African countries were losing an average of 50 billion dollars annually through Illicit Financial Flows (IFFs).Quartey said this in Abuja at a preparatory meeting towards Nigeria’s role as the champion of the 2018 African Union themed, 'Winning the Fight against Corruption: A Sustainable Path to Africa’s Transformation'.According to [...]

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Exchange Rates

September 24, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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