African
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...
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...
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...
Asiwaju Tinubu urges immortalisation of former US envoy Walter Carrington
Sen. Bola Tinubu, All Progressives Congress (APC) National Leader, has called for the immortalisation of former U.S. Ambassador to Nigeria, Walter Carrington, in recognition of his outstanding achievements. Tinubu made the call in a condolence message by his media aide, Mr Tunde Rahman, which was made available to newsmen on Saturday in Lagos. Newsmen recall that Carrington who was also U.S Ambassador to Senegal, died on Tuesday at the age 90. In his tribute to the late diplomat, Tinubu described Carrington as a citizen of one nation and son of two. The former governor of Lagos State said that the laudable ideals for which the departed Carrington stood must be honoured. He noted that the late ambassador was a bridge between Africa and the African-American. “To forget him would be a shamele...
Biodiversity: Nigeria restates support for ECOWAS states
The Federal Government has pledged support to ECOWAS member states to develop mechanisms for enforcement of biodiversity law and mobilise implementation for the developed biodiversity action plans. The post Biodiversity: Nigeria restates support for ECOWAS states appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Miroslav Klose: Africa will win FIFA World Cup with more slots
Legendary Germany striker legend Miroslav Klose says an African country will win the FIFA World Cup if the continent has more slots like their European counterparts. The post Miroslav Klose: Africa will win FIFA World Cup with more slots appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Embattled AfDB chief survives another probe into his conduct
Embattled President of African Development Bank (AfDB), Dr Adewumi Adesina, has survived a second round of investigation into his conduct, giving him a boost in his re-election bid next month. A team of independent auditors demanded for by the US government said they could not find proof he had engaged in corruption or nepotism as anonymous whistleblowers had alleged. The panel was set up on the insistence of the US to review the report of the Ethics Committee of AfDB, which had earlier cleared Adesina of wrongdoings as alleged by whistleblowers. The unanimous report of the independent panel of three said there had been insufficient evidence to prove the allegations. According to the report, the members of the panel said they “considered the President’s submissions on their face and finds ...
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...
House of Reps probes immigration documents of Chinese in Nigeria
The investigation which began on July 20 in Abuja, is being conducted by the joint house committees on Interior, Nigeria Content Development and Monitoring and Commerce. The Speaker of the house, Rep. Femi Gbajabimila, recalled that in April, photos and videos which went viral on the social media allegedly depicted institutionalised racial discrimination, maltreatment of Nigerians in China. He said it also showed xenophobic assaults, embarrassments, illegal detentions and forceful evictions of Nigerians and other Africans living in Guangzhou, China. Gbajabimila said that he summoned the Chinese Ambassador to Nigeria, Dr. Zhou Pingjian precisely on April, 10 to register Nigeria’s displeasure with the incident. “Subsequently, the House of Representatives on Tuesday, April 28, issued a strong...
Melinda Gates tasks policymakers on protection of women, girls in fight against coronavirus
In a paper titled “The Pandemic’s Toll on Women and Girls,” Co-chair of the Bill & Melinda Gates Foundation, Melinda Gates, has tasked global leaders and policymakers on the protection of women and girls in the fight against the coronavirus. Gates said that to recover fully from this pandemic, leaders must respond to the ways that it is affecting men and women differently. In the paper, she puts forward a set of specific, practical policy recommendations that governments should consider in their pandemic response—to improve health systems for women and girls, design more inclusive economic policies, gather better data, and prioritize women’s leadership. Writing in the paper, Gates described how previous disease outbreaks, including AIDS and Ebola, tend to exploit existing forces of ine...
President Buhari hails UFC champion Kamaru Usman
President Muhammadu Buhari on Sunday congratulated Kamarudeen Usman on the successful defence of his Ultimate Fighting Championship welterweight title, saying his victory has lifted the spirits of Nigerians despite the gloom COVID-19 pandemic has brought. Buhari’s congratulatory message was contained in a statement made available to journalists by his Special Adviser on Media and Publicity, Femi Adesina. The statement was titled “President Buhari congratulates Kamaru Usman for retaining UFC title”. Usman had earlier in the day retained the title with an emphatic win over Jorge Masvidal. With the victory, Buharu said Usman had reminded the world that good things and great people still come out of Nigeria. He added that the victory further proved that things will get better at the fullness o...
