African Continent
President Buhari: CAMA Act will help us fight corruption
President Muhammadu Buhari Thursday explained that the recently passed Companies and Allied Matters Act, 2020 (CAMA) in Nigeria will enhance transparency and corporate accountability in the fight against corruption. President Buhari spoke in a video message presented at the Open Government Partnership (OGP) 2020 Virtual Leaders’ Summit on the sidelines of the 75th Session of the United Nations General Assembly (UNGA75) in New York, United States. ”Since the inception of our Administration in 2015, the Government has been committed to changing international and domestic perceptions regarding Nigeria’s commitment to fight corruption and foster good governance. ”We focused on the task of dealing head-on with this destructive monster, which led to us joining the Open Government Partnership and...
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...
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