African Countries
Zambia asks China to cancel its debt
File Photo Zambian President Edgar Lungu has asked Chinese President Xi Jinping for some “debt relief and cancellation” in a telephone conversation between the two leaders. That is according to a statement issued by Lusaka after the chat that reportedly took place on Monday. “President Lungu called for debt relief and cancellation in light of reduced revenue due to the negative impact of the pandemic, as well as competing needs for the country to secure adequate resources to fight the pandemic and to stimulate the economy,” said a statement issued by Spokesman Isaac Chipampe. Zambia’s public debt has increased significantly in recent years although it’s unclear exactly how much is actually owed to China. The two leaders agreed to continue working closely together to safeguard common intere...
UBA Group appoints deputy managing directors
The United Bank for Africa Plc (UBA), a pan-African financial services group, on Tuesday announced the appointments of Mr Ayoku Liadi and Oliver Alawuba as Deputy Managing Directors. The bank in a statement in Lagos, said the Deputy Managing Directors would be in charge of UBA’s Nigeria and Africa businesses, respectively. The Group Chairman, Mr Tony Elumelu, said in the statement that the appointments were a representation of the groups’ strategic recognition now representing in excess of 40 per cent of the Group revenue. “In 2005, we set out our pan-African vision. Fifteen years later, we are present in 20 African countries, serving over 20 million clients, leveraging our service culture and technology platform, to provide an integrated and seamless customer offering across the continent...
House of Reps urges speedy production of local coronavirus vaccines in Nigeria
The House of Representatives has stressed the need for speedy production of local vaccines for the treatment of COVID-19 in Nigeria. The House also mandated its standing Committees on Healthcare Services, Health Institutions and Aids, Tuberculosis and Malaria to invite the Hon. Minister, Federal Ministry of Health, the Executive Director/CEO, National Primary Health Care Development Agency, the Director General, Nigeria Centre for Disease Control and the Executive Director, May and Baker Nigeria PLC to brief the Committees and deliberate on possible ways of getting the needed legislative support to fast track the production of vaccines in Nigeria and report back within four (4) weeks for further legislative action The resolutioms followed the adoption of a motion on notice, moved by Rep. J...
