By JONATHAN MUNEMO – Highly indebted African countries are facing stark trade-offs between servicing expensive debt, supporting high and growing development needs, and stabilising domestic currencies. Government debt has risen in at least 40 African countries over the past decade. As a result, some are experiencing a bad combination of high...
Analysis
While the explosion of debt is throwing a shadow over global economic growth, experts warn that Sub-Saharan Africa, where several countries are already in default, is experiencing its worst-ever crisis. The rise in interest rates and over-indebtedness is already crimping the ability of countries to finance their development, as...
World leaders have finally agreed that the world must abandon fossil fuels to avoid catastrophic climate change, after 30 years of intense and painful negotiations. This concession was obtained in the face of the outcry caused by the previous draft (https://apo-opa.co/3RNMWyY) which did not explicitly recognise the need to move...
The Democratic Republic of Congo (DRC) is set to hold its presidential, legislative, and provincial elections countrywide on 20 December. These elections are taking place amid an environment of heightened uncertainty marked by logistical challenges and an ongoing conflict in the country’s eastern regions. Incumbent President Felix Tshisekedi is...
The inaugural Saudi-Arab-African Economic Conference was held in Riyadh on 9 and 10 November and drew high-level delegates from across the continent, including dozens of heads of state. Over 50 agreements were signed during the conference between Saudi, Arab, and African governments. This notably included financing agreements by the...
By GABRIEL OMONHINMIN – It is no longer news that the off-cycle elections in Nigeria have come and gone and winners declared in various States where the elections took place. In the Bayelsa State Governorship election, the Peoples Democratic Party (PDP) candidate, Governor Duoye Diri, won six local government...
On 4 November, Renamo mayoral candidate for Maputo, Venancio Mondlane, declared that the opposition party’s demonstrations protesting the outcome of the 11 October municipal elections would intensify should the Constitutional Council uphold the results. Renamo has led a series of protests since 16 October after the National Elections Commission...
By TOM CHIAHEMEN, Abuja – Nigerian politicians have been challenged to emulate the nation’s traditional rulers by jettisoning religious and other socio-cultural differences and aim more at promoting the unity and development of the country. Prominent traditional rulers in the country, led by the Sultan of Sokoto and Chairman,...
BY TERSEER MNZUULGHA – In the course of history, the rise to leadership is compared to an arduous journey that requires the unflinching and unfaltering divine support of followers. This factor is hinged on the fact that no leader rises to power without the approval of God, the Almighty...
A few days ago, a pressure group in the House of Representatives, The Joint Task-10th Assembly unveiled its agenda ahead of the inauguration of the 10th National Assembly. The group led by the Chairman, Hon. Bello Kumo (APC, Gombe) and co-chairman, Hon. Kingsley Chinda (PDP, Rivers) has made its...
The National Bureau of Statistics (NBS), said that prices of food items such as yam, beans and beef witnessed increases in March. This is contained in NBS Selected Food Prices Watch Report for March 2023 released in Abuja on Wednesday. The report said the average price of 1kg beef...
To support Nigeria’s upcoming elections the US State Department has announced visa restrictions for those involved in undermining democracy It has now been over a week since the embattled Governor of Nigeria’s Central Bank, Mr. Godwin Emefiele, returned to his country on Monday, January 16, 2023, and apart from...
By EMMANUEL OLONIRUHA, News Agency of Nigeria (NAN) From all indications, Nigerians’ confidence in the Independent National Electoral Commission (INEC) and the country’s electoral process has continued to grow as it moves closer to the scheduled 2023 general elections. This, observers believe, did not just happen overnight, but made...
A news analysis by CECILIA OLOGUNAGBA, News Agency of Nigeria (NAN) On Nov. 23, 2022, the UN General Assembly adopted a resolution on the “Promotion of Inclusive and Effective International Tax Cooperation at the United Nations.” The resolution is expected to lay the foundation for the creation of a...
Overland Airline resumed flight services to Dutse on Monday after it had suspended same for seven years. The suspension came as a result of business misunderstanding between the airline and the state government, which has now been resolved. Managing Director of the airline, Mr Edward Boyo, said the airline...
By KADIRI ABDULRAHMAN – As most Nigerians continue to decry the increasing public debt stock of Federal Government, others look at the lucrative investment opportunities in some of the debt instruments. These debt instruments refer to the various Federal Government of Nigeria (FGN) Securities, which make up the local...
By LUCAS BARASA Kenya’s General Election may have delivered a lower turnout than previous ones, but it still portrays a changing political matrix in the country where tribe used to play a major role in the polls. The presidential election pitting Kenya Kwanza Alliance led by Deputy President William...
Kenya will hold its general election on 9 August in a major test of stability in a country where elections are frequently marred by allegations of fraud and ethnic and politically motivated violence. The worst example of this was the 2007 elections in which at least 1 100 people were...
By JACOB KUBEKA – With barely 10 days to the Governorship election in Osun state, South-West Nigeria, there are fears that the activities of cultists and political thugs in some local government areas could threaten the peaceful and credible conduct of the election, if not contained. This warning is...
Since his appointment as MD/CEO of First Bank of Nigeria Limited in 2016, Dr. Adesola Adeduntan has completely transformed the financial institution and has made it attractive to every strata of the society. From an institution that used to be perceived as an old-generation bank, FirstBank is now a...