French President Emmanuel Macron said on Tuesday a summit in Paris on Africa financing had agreed to work towards persuading rich nations by October to reallocate $100 billion in IMF special drawing rights monetary reserves to African states. Impoverished African economies must not be left behind in the post-pandemic economic recovery and a substantial financial package is needed to provide much-needed economic stimulus, African and European leaders concluded at a summit in Paris. In the immediate term, that meant accelerating the COVID-19 vaccine rollout and creating the fiscal breathing room for African nations, which will face a spending shortfall of some $285 billion over the next two years, the summit communique showed. The communique set out a two-pronged response based on addressing...
Fighters of a local militia opposed to Myanmar’s junta have pulled back from the northwestern town of Mindat after days of assault by combat troops backed by artillery, a member of the group said on Sunday. The United States and Britain called on the army to avoid civilian casualties and a shadow National Unity Government formed by loyalists of Myanmar’s detained elected leader, Aung San Suu Kyi, appealed for international help. A spokesman for the junta did not answer calls for comment. The fighting in the hill town of Mindat, about 100 km (60 miles) from the Indian border in Chin state, is some of the heaviest since the coup plunged Myanmar into chaos with daily protests, strikes and the emergence of new local militias. “To avoid confrontation, we retreated out of concern over damage to ...
The African Democratic Congress, ADC, Tuesday, alleged that the Independent National Electoral Commission, INEC, was playing some tricks by colluding with some party leaders and politicians in an attempt to undermine court processes. The National Chairman of ADC, Chief Ralphs Okey Nwosu, who made the allegation, while reacting to the Supreme Court’s judgment which affirmed the deregistration of the National Unity Party, NUP, described alleged moves by the electoral empire as pitiful. Chief Nwosu noted that while the NUP’s case was not of much consequence, the case to watch and which INEC was trying to use NUP to undermine is that involving 22 political parties. According to Chief Nwosu, who is also the interim President of Inter-Party Advisory Council of Nigeria, IPAC, “The Supreme Court j...