Africa 

Libyan PM-designate alleges “fierce campaign of calumny” against his appointment

Libyan Prime Minister-designate Abdel Hamid Dbeibah on Tuesday denounced a “fierce campaign” aimed at “destroying” the country, presumably referring to the suspicions of corruption weighing on the process that led to his designation. Mr. Dbeibah was speaking before the deputies, meeting in Sirte (east), calling on them at the same time to give confidence in his government to unify Libya,… Read More
Africa 

Ivory Coast’s ruling party wins absolute majority in parliament

Ivory Coast’s ruling party won an absolute majority in parliament, the country’s electoral commission announced on Tuesday, three days after the parliamentary vote. The electoral commission announced President Alassane Ouattara’s Houphouëtists for Democracy and Peace party RHDP party had won a majority of seats — 137 seats in the 255-seat National Assembly. The vote comes just months after Ouattara won… Read More
Africa Business West Africa World 

Nigeria targets diaspora remittances with ‘naira for dollar’ scheme

Banks in Nigeria are encouraging their clients to accept remittances in dollar from relations abroad for a reward. The scheme which was introduced by the Central Bank of Nigeria seeks to offer a reward of five naira for every $1 sent by Nigerians living abroad through international money transfer operators in the country. The scheme is to be called “naira… Read More
Africa China World 

China’s Covid-19 anal swab test policy angers foreign visitors

– – China has made it compulsory for foreign travelers to that country to undertake anal swab tests for COVID-19. The move has angered many visitors who consider it inconvenient and even psychological traumatic. Beijing, Shanghai and the port city of Qingdao are some of the cities requiring the checks, in addition to nasal or throat swab tests. The anal… Read More
Africa East Africa World 

Tanzania: Has Magufuli been hospitalized amid Covid-19 denial?

– – Tanzanian President John Magufuli is reported to be seriously ill with breathing challenges and has been hospitalized. Details are still scanty about his condition but those familiar with the development say he contracted Covid-19. The President who was hoping to avoid hospitalization given his stance had to give in due to reported deteriorating health condition. Magufuli Pombe is… Read More

Nigeria: African Development Bank Group provides $400,000 grant for Securities and Exchange Commission of Nigeria to support capital markets…

The African Development Bank Group today signed a $400,000 grant agreement with the Securities and Exchange Commission of Nigeria to strengthen securities market regulation and broaden market instruments. The funds will go towards strengthening the risk-based supervision framework, regulation of derivatives and green bonds, and build capacity for green finance. The grant will be sourced from the Capital Markets Development… Read More
Africa Investments 

Message by Dr. Akinwumi A. Adesina, President of the African Development Bank, for the International Women’s Day, March 8, 2021

As we celebrate the International Women’s Day, I celebrate all women around the world. I also celebrate all women at the African Development Bank. Everyone is born by a woman. Women give birth to life, but are often deprived of what they need to support a better life. It goes without saying that women are great leaders. Women are excellent… Read More
Africa 

Trial of Nigeria’s Muslim cleric Ibrahim Zakzaky and wife resumes

The ongoing trial of the Shiite leader of the Islamic Movement of Nigeria, Ibrahim Zakzaky, resumes at the Kaduna State High Court. Prosecutors presented three witnesses and provided new evidence in their case against the embattled religious leader. However, the case was adjourned to the 31st of March 2021. Chris Umar, the solicitor general of Kaduna state, outlined events: “At… Read More
Africa Senegal West Africa World 

Senegal’s opposition urges more protests against President Sall

– – Senegal’s main opposition leader, Ousmane Sonko has called for more protests against President Macky Sall after he was released from detention. He was charged with rape in court on Monday and then released on bail amid clashes between his supporters and security officials. Sonko who was addressing his supporters lashed out at President Sall whom he accuses of… Read More
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