Africa Investments 

East Africa holds its ground as Africa’s fastest growing region, despite COVID-19 disruption

Economic disruption caused by the COVID-19 pandemic has pushed East Africa’s growth projection for 2020 down to 1.2 percent, a rate that outstrips other African regions and is forecast to rebound to 3.7 percent in 2021, according to the African Development Bank’s East Africa Regional Economic Outlook 2020. The projection is under the baseline scenario that assumes the virus is contained by the third quarter of this year. Prior to the COVID-19 pandemic, the region’s economic growth was projected at more than 5 percent, well above continent’s average of 3.3…

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Africa Investments 

African Development Bank Regional Economic Outlook 2020: In West Africa, harnessing the youth workforce could speed economic recovery in the post-…

West Africa’s burgeoning youth population offers a strategic workforce which can be harnessed for employment and economic growth, despite a COVID-19 pandemic that is devastating the continent and global economies, the African Development Bank said in its regional economic outlook report. The virtual launch of the report on 3 July, was jointly hosted by the Bank’s Regional Development and Business Delivery Office for West Africa, the Nigeria Country Office and the Country Economics Department. The report was officially launched by Ghana’s Minister of Finance Ken Ofori-Atta,  in presence of other…

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OP-ED Opinions 

The ‘Magularised’ EFCC Has In Its Possession Both Fresh And Dried Skeletons Yet To Be Exhumed By Seyi Oyetunbi

We have lost a nation to “pen rubbers” occupying our public offices. David Cameron, ex-Prime Minister of the UK, rightly said, “If the amount of money stolen in Nigeria was stolen in the UK, the country would cease to exist.” We have by default established a safe haven for criminals who wouldn’t see anything wrong in selling Nigeria for some dollars. Magu is yet another testimony to the fact that this administration is a complete failure in all spheres you may turn to for consolation. The intensity of allegations against…

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Africa Investments 

Libya: African Development Bank grants $0.5 million emergency relief assistance for PPE protection against COVID-19

The Board of Directors of the African Development Bank have approved a grant of $480,000 to Libya under the Special Relief Fund (SRF) for the procurement of much-needed personal protective equipment (PPE) intended for treatment of cases of infection of the novel Coronavirus. The Bank’s funding  will contribute to supporting the country’s national Response Plan for COVID-19. The assistance is intended to focus on infection prevention and control and to shield communities, particularly  those most vulnerable including the health workers. The $480,000 grant, is considered the first granted to the…

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Africa Investments 

First flood, then drought: climate-resilience project helps farmers thrive in Mozambique

Mozambican farmer Alima Matusse is the head of a household of six and she used to worry that her children would go without nutritious food because her small plot of land was bone dry in the hot season and waterlogged when it rained. Thanks to a climate-resilience project providing irrigation and drainage in her home province of Gaza, Matusse has been able to increase the area she cultivates from a quarter to three quarters of a hectare and has added kale, cabbage, carrots to her staple crop, maize. In 2013,…

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OP-ED Opinions 

The Hunter Has Become The Hunted (The Story Of The Attorney-General And EFCC Chairman) By Achike Chude

This is the problem with power. It makes people mad. A man of wisdom once said that: ‘No man is so wise and so good to be given absolute power’. It is because of the corrosive and corruptive influence of power that Baron Dr Montesqui warned people and nations everywhere to beware. Mobutu Seseseko Ngbendu Wa Ba Zanga, the dictator of the Democratic Republic of Congo, did not heed the warning.The butcher of the Central African Republic, Jean Bedel Bokassa, did not listen. Field Marshal Al Hadji Doctor Idi Amin…

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OP-ED Opinions 

Let The Church O Satan Be By Adeola Soetan

Demolishing Church of Satan is Ungodly. Let’s Respect people’s fundamental right and freddom of worship. By consensus, it’s agreed that Satan has more followers than God in Nigeria because of corruption, misgovernance, election rigging, electoral violence, vote buying, individual immorality in keeping sidechicks, sidecocks, drinking alcohol (minus cold Trophy and palmwine), womanizing, manizing, embezzlement of church, mosque and shrine fund, bribing of judges, rape, lawyers helping suspects to escape trial, government errant  task  force commercialising crime, nepotism, Abobakus’ selective blindness on governance issues, teachers helping students to cheat, coldroom affairs,…

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Africa Investments 

Maroc : la station d’Oum Azza alimente en eau potable plus de cinq millions de personnes sur l’axe Rabat-Casablanca

Ahmed Attari est devenu propriétaire d’un appartement à Tamesna, une commune située à une vingtaine de kilomètres de Rabat, qui a émergé pour absorber le surcroît de population de la capitale marocaine. Ses dizaines de milliers d’habitants sont aujourd’hui approvisionnés en eau potable par la toute nouvelle station d’épuration d’Oum Azza, construite grâce à un soutien de la Banque africaine de développement. Ahmed, fonctionnaire à la quarantaine, ouvre les portes de son « trois pièces ». Il rejoint sa femme et ses filles, assises autour d’une table du salon, pour partager un thé.…

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OP-ED Opinions 

EFCC: The ‘Mugu’ In Magu! By Ozodinukwe Okenwa

When in 2003 during the Olusegun Obasanjo’s ‘babacracy’ the Economic and Financial Crimes Commission (EFCC) was formed genuine hope was raised in many quarters that Nigeria could still be saved from herself; saved from her national endemic corruption index. Three years prior to the establishment of the EFCC the then President Obasanjo had equally inaugurated the Independent Corrupt Practices and Other Related Offences Commission (ICPC), a less effective sister anti-graft agency.  With the ICPC and the EFCC Obasanjo (though himself enmeshed in high-wire corruption) had sought to wage war against…

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OP-ED Opinions 

Edo State Election: Adams Oshiomhole’s Last Dance By Osahon Pius Airewele

Politics is the choice between the lesser of two evils (George Orwell). It is a settled matter now that Godwin Obaseki and Pastor Ize-Iyamu.aka POI, will present Edo State electorate with a binary choice in the forthcoming gubernatorial elections, both of them arranged under their new party leaders, with renewed and concerting measures in opposition to each other.  The Edo people, like four years ago, are again presented with the same candidates in swapped seats. Winston Churchhill once said: “Some men change their party for the sake of their principles;…

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