Africa
ComercioPartners urges corporate organisations to leverage on pandemic opportunities
Investment banking company ComercioPartners has tasked fellow corporate organisations in the country to tinker their business model in order to take advantage of the opportunities provided by COVID-19 pandemic, The company said while other companies are lamenting the effects of the pandemic, it has leveraged on the new business environment, provided by the pandemic, to deepen its resources. Head, Financial Advisory of the company, Steve Osho, said: “Occurrences such as the pandemic brings an opportunity which forward-looking organisations leverage on to hit it big. “For us, even with the pandemic, we see a great future in Africa.” Osho, at a recent virtual investment lecture, stated that in Comercio, the dream of the future is better than the history of the past. He added that “by leveragi...
Premier League terminate £490 million TV deal in China
The Premier League has terminated its TV rights deal with China, its biggest overseas contract, leaving a huge hole in clubs’ finances. The deal with Chinese broadcaster PPTV was worth around £490m and had lasted only one of its three years. The conflict is said to have been around a fee of £160m that the Premier League was owed in March but did not receive. “The Premier League confirms that it has today terminated its agreements for Premier League coverage in China with its licensee in that territory,” a spokesman said on Thursday. “The Premier League will not be commenting further on the matter at this stage.” It is not known if the conflict is based purely on money or involves the escalating political tensions between China and the UK government. Boris Johnson announced in July that Hua...
French anti-jihadist force kills civilian in Mali
French anti-jihadist troops in Mali killed a civilian Tuesday and injured two others after a bus refused to slow down in a volatile area despite their orders, the French army command said. The incident occurred about 50 kilometres (31 miles) from the city of Gao in Mali’s troubled north. The French soldiers fired warning shots in the ground but two bullets bounced off and hit the windscreen, wounding three people, including one fatally, the French army command said. “The seriously wounded person was evacuated by helicopter to the hospital of the (French) Barkhane force in Gao, but died of his injuries,” it said. “All steps have been taken to ascertain the exact sequence of events,” it said, expressing its “sincere condolences to the family of the deceased.” Mali is now under the control of...
WHO harps on virus prevention plans
The World Health Organisation (WHO) has emphasised the need for effective COVID-19 prevention plans as countries reopen their economies and borders. Its Director-General, Dr Tedros Ghebreyesus, gave the advice during a news briefing from Geneva on Monday. Ghebreyesus said he had observed the eagerness of countries to “get their economies going again”, eight months into the coronavirus pandemic. According to him, if countries are serious about opening, they must prioritise the suppression of transmission and safety of lives. He warned that opening up without efficient and effective prevention measures in place was “a recipe for disaster”. Ghebreyesus said this might seem an impossible balance, but it could be done if countries were in control of the transmission. “The more control they have...
Mali protest movement proposes two-year transition to civilian rule
The protest coalition that campaigned against former Mali president Ibrahim Boubacar Keita has proposed that the military junta that ousted him organise a transition to civilian rule within 24 months, one of its leaders said Sunday. Military rulers received representatives of the June 5 Movement at the Kati barracks near Bamako late Saturday, after announcing they would postpone a meeting with civic groups, political organisations and former rebels on the transfer of power due to “organisational reasons”. The protest movement has demanded that the military junta give it a role in the transition, in keeping with its role in spearheading Keita’s ouster. It has proposed “a transition of 18 to 24 months” with civilians heading a transitional presidency, government and assembly, one of the move...
Mali junta postpones transfer of powers meeting as cracks emerge
Mali’s military junta on Saturday postponed the first meeting on the transfer of power after rising tensions with the group that sparked the August 18 coup. The junta had invited civic groups, political organisations and former rebels to consultations on Saturday, but said in a statement that the meeting was postponed at the last minute to a later date due to “organisational reasons”. A protest coalition that had campaigned against former president Ibrahim Boubacar Keita, the June 5 Movement, was not invited to the meeting and accused the new military rulers of trying to hijack the coup. The group has demanded that the military junta give it a role in the transition to civilian rule, in keeping with its role in spearheading Keita’s ouster. The military has promised to do so, though without...
44,000 people missing in Nigeria, Ethiopia, other parts of Africa
Getty Images The International Committee of the Red Cross (ICRC) has revealed that about 44,000 people are registered as missing across the African continent, with nearly half of them being children. Nigeria, Ethiopia, South Sudan, Somalia, Libya, the Democratic Republic of the Congo (DRC), and Cameroon make up 82 percent of ICRC’s missing caseload in Africa, the ICRC disclosed in a statement issued on Wednesday. “As August 30 marks the International Day of the Disappeared, nearly 44,000 people across Africa are registered as missing with the ICRC at a time when restrictions put in place to curb Covid-19 create new challenges in searching for missing people,” the statement read. According to the ICRC, about 45 percent of the cases were children. “This caseload is a drop in the ocean to the...
Afreximbank clinches African Banker’s Debt Deal of the Year award
The African Export-Import Bank (Afreximbank) has been announced the winner of the Debt Deal of the Year Award at the 14th Annual African Banker Awards 2020. The awards, which held virtually on Wednesday, recognized institutions and individuals driving growth and development in Africa and creating new economic opportunities for citizens and communities across the continent. The Debt Deal of the Year Award was granted to Afreximbank for a EUR 1 billion syndicated senior loan facility arranged with Credit Suisse for Nigeria’s Bank of Industry. The funds have supported the Bank of Industry’s (BoI) work expanding, diversifying and modernizing Nigeria’s industrial sector. Having originally been sized at EUR 750 million, the debt raising was successfully upsized to EUR 1 billion through a general...
UK spent N867.3 billion to end polio in Nigeria – British High Commission
The United Kingdom on Wednesday said that it invested £1.7 billion (N867.3 billion) since 1995 to help end the wild polio virus in Nigeria. The Senior Press and Public Affairs Officer of British High Commission, Christopher Ogunmodede, stated that the UK played a major role in Nigeria’s journey to become polio-free. The World Health Organisation on Tuesday at a virtual session of the 70th Regional Committee announced that Africa was free of polio. But the UK said it is the second-largest governmental donor in Nigeria after the United States Government in the continuing fight against infectious diseases such as polio. This is contained in a statement titled, ’UKAID helped Nigeria in its journey to become polio-free as Africa receives wild polio certification.’ It stated, “As a longstanding ...
Afreximbank approves $400 million facility to improve agriculture in Africa
The African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, has approved a $400-million revolving global credit facility agreement for the Export Trading Group (ETG), one of the largest and fastest-growing integrated agricultural conglomerates in Africa. The agreement will enable ETG to keep playing its vital role in the agri-foods supply chain of efficiently connecting African farmers to markets, as well as expanding access to key inputs to boost agricultural productivity in a continent with tremendous but yet unrealized potential. According to Afreximbank’s estimates, Africa spent over $90 billion on food imports in 2019, even though it possesses up to 60 percent of the world’s remaining arable land. Moreover, the Food and Agriculture Organizat...
UK education academy confers prestigious senior fellowship on Nigerian born academic
A UK-based Nigerian academic from Osun State and Chairman of TEXEM UK, Dr Alim Abubakre has been awarded UK’s prestigious Senior Fellowship of the Advanced Higher Education Academy (HEA). According to a statement on Tuesday from TEXEM’s website signed by Caroline Lucas, this followed a rigorous review of Abubakre’s impressive record of accomplishment of contributing to advancing Executive Development in the UK, Africa and North America. He was subsequently adjudged worthy and conferred with the UK’s prestigious Senior Fellowship of the HEA which is the UK’s Gold standard in pedagogy. The senior HEA fellowship is also a UK national recognition for leadership, excellence, expertise and commitment to professionalism in teaching and learning. Abubakre has been able to present a thorough unders...
West African delegation ‘very hopeful’ after meeting Mali junta
A West African delegation visiting Mali to push for a speedy return to civilian rule following a coup said it was “very hopeful” on Saturday after meeting with the country’s military junta and the president it ousted. The head of the delegation from the regional Ecowas bloc, former Nigerian president Goodluck Jonathan, said that detained Malian president Ibrahim Boubacar Keita was doing relatively well. “We saw him, he’s very fine,” said Jonathan, who had earlier met for half an hour with the soldiers who seized power on Tuesday, including new strongman Colonel Assimi Goita. Jonathan told AFP that negotiations were going well and he was “very hopeful”. Rebel soldiers seized Keita and other leaders after a mutiny on Tuesday, dealing another deep blow to a country already struggling with a b...
