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AfDB approves $1.3 million grants for women’s access to digital finance
The African Development Bank (AfDB) has approved two grants of $1.3 million for research aimed to increase African women’s access to a range of digital financial services, including loans and micro-insurance. According to a statement from the AfDB on Monday, the grants for $1 million and $300,000 respectively, will be disbursed through the Africa Digital Financial Inclusion Facility (ADFI). ADFI is a pan-African initiative designed to accelerate digital financial inclusion throughout Africa. It is a blended finance facility of AfDB with two financial technology firms; Pula Advisors Kenya Ltd. and M-KOPA Kenya Ltd. Pula Advisors will use the $1 million for research of social, cultural and economic factors that impact women farmers’ access to micro-insurance in Kenya, Nigeria and Zambia. Mor...
Anambra Assembly expresses worry over spike in criminal activities
The Anambra House of Assembly has expressed worry over the increasing rate of crimes in the state and called for urgent measures to address the menace. Mr Noble Igwe, representing Ogbaru 1 Constituency, while speaking on a matter of urgent public importance, on Tuesday, lamented that the rate of crime had triggered fear among the residents. Igwe said there were recent reports of residents who had been victims of a wide range of violent crimes, including armed robbery, assault, burglary, carjacking, kidnapping and extortion. “Aware that security of lives and property is the primary function of the state government as enshrined in the constitution, there is the need to intensify efforts at taming the resurgence of crimes in some parts of the state, especially on theOnitsha-Owerri Road where ...
French village rejects Elon Musk’s space-age internet
To realise his dream of satellite-powered internet, tech billionaire, Elon Musk, needs to install antennas around the world. In northern France, a village hopes he’ll decide to keep those antennas far away. Saint-Senier-de-Beuvron, population 350, is none too thrilled to have been picked as a ground station for Musk’s Starlink project for broadband from space. “This project is totally new. We don’t have any idea of the impact of these signals,” said Noemie Brault, a 34-year-old deputy mayor of the village just 20 kilometres (12 miles) from the majestic Mont Saint-Michel abbey on the English Channel. “As a precaution, the municipal council said no,” she explained. Musk, founder of SpaceX and electric carmaker Tesla, plans to deploy thousands of satellites to provide fast internet for remote...
French village rejects Elon Musk’s space-age internet
To realise his dream of satellite-powered internet, tech billionaire, Elon Musk, needs to install antennas around the world. In northern France, a village hopes he’ll decide to keep those antennas far away. Saint-Senier-de-Beuvron, population 350, is none too thrilled to have been picked as a ground station for Musk’s Starlink project for broadband from space. “This project is totally new. We don’t have any idea of the impact of these signals,” said Noemie Brault, a 34-year-old deputy mayor of the village just 20 kilometres (12 miles) from the majestic Mont Saint-Michel abbey on the English Channel. “As a precaution, the municipal council said no,” she explained. Musk, founder of SpaceX and electric carmaker Tesla, plans to deploy thousands of satellites to provide fast internet for remote...
How ICPC is combating corruption in MDAs, stopped diversion of N189 billion personnel cost
File Photo In the past few years, the Independent Corrupt Practices and Other-Related Offences Commission, as part of its statutory mandate, has been conducting systems study and review of ministries and organisations in the federal public service. The overall objective of a system review is reform of the systems and procedures of public agencies with a view to identifying and eliminating, preventing, blocking and obstructing opportunities for corruption. To achieve this, the exercise targets detecting areas of vulnerabilities, actual weaknesses, leakages and corruption risks and to recommend ways of strengthening these systems and removing the discretionary gaps and such opportunities for both individual and institutional malfeasance on public resources. In addition, the review also targe...
How ICPC is combating corruption in MDAs, stopped diversion of N189 billion personnel cost
File Photo In the past few years, the Independent Corrupt Practices and Other-Related Offences Commission, as part of its statutory mandate, has been conducting systems study and review of ministries and organisations in the federal public service. The overall objective of a system review is reform of the systems and procedures of public agencies with a view to identifying and eliminating, preventing, blocking and obstructing opportunities for corruption. To achieve this, the exercise targets detecting areas of vulnerabilities, actual weaknesses, leakages and corruption risks and to recommend ways of strengthening these systems and removing the discretionary gaps and such opportunities for both individual and institutional malfeasance on public resources. In addition, the review also targe...
FIFA announces appointment of chief operating officers for Women’s World Cup 2023
On Tuesday, world football governing body, FIFA, announced the appointment of two Chief Operating Officers (COOs) in Australia and New Zealand respectively for the FIFA Women’s World Cup 2023 that will be jointly hosted by both countries. Last year, the pair took up the initial appointment to lead the FIFA Women’s World Cup office in their respective host countries. Now, Jane Fernandez has officially been named as the COO for Australia, with the New Zealand COO position going to Jane Patterson, officially too. The Australian Fernandez led Football Australia’s successful joint bid to host the FIFA Women’s World Cup 2023. Upon a successful bidding, she was appointed Head of the FIFA Women’s World Cup 2023 Office for Australia. Her vast background in organising successful competitions include...
Research: Nigeria records nearly 30,000 tobacco smoking-related deaths
An Abuja-based Centre for the Study of Economies of Africa (CSEA) has reported that a research it conducted had revealed that 28,876 deaths related to tobacco smoking are recorded annually in Nigeria. Marco Castradori, a research associate with the CSEA, revealed this, on Monday, in Kano, at a report dissemination workshop on the health burden and economic cost of smoking in Nigeria. According to Mr Castradori, the number represents around 16 per cent of deaths from smoking-related diseases and above five per cent of all cases of deaths. “Among the disease analysed, nearly 737,366 events are expected each year, of which 127,859 representing 17 per cent are attributable to cigarette consumption. “In terms of costs, these conditions burden the Nigerian healthcare system with nearly N634 bill...
Senate moves to push retirement age of Supreme Court justices to 75 years
The Senate is putting in place measures to push for the retirement age of Supreme Court Justices in the nation’s apex court from the age of 70 to 75 years. According to the Senate, it is considering the proposal made to it by the Supreme Court March this year, 2021. Speaking today in Abuja during the Senate Constitution Review Committee Retreat to Review and Analyse Submitted Memoranda, Deputy President of the Senate Senator Ovie Omo-Agege, All Progressives Congress, APC, Delta Central said that the upper Chamber will in March consider the proposal of shifting the retirement age of Supreme Court Justices from 70 to 75 years and the retirement age for judges of the states, including that of the Federal Capital Territory, FCT and the Federal High Courts to bring in about parity with the 70 y...
WSJ: China’s Ant Group plans revamp amid regulator pressure
China’s Ant Group Co Ltd is planning to refashion itself as a financial holding company under the supervision of China’s central bank in the face of regulatory pressure, the Wall Street Journal reported on Wednesday. The fintech affiliate of Alibaba Group Holding Ltd has submitted an outline of a restructuring plan, which could be finalised before China goes into the week-long lunar new year holiday in mid-February, the Wall Street Journal said, citing sources. Chinese regulators had asked Ant to consider folding up most of its financial businesses into a holding company that would be subject to more stringent capital requirements, two sources told Reuters in December. The country’s central bank, People’s Bank of China, has said Ant controls a range of financial institutions, including sec...
U.S. Senate confirms Joe Biden nominee Lloyd Austin as defense secretary
The U.S. Senate on Friday confirmed President Joe Biden’s nominee, retired Army General Lloyd Austin, to serve as Secretary of Defense – the first Black American in the role. The vote was an overwhelming 90-2 in the 100-member chamber, far more than the simple majority needed. Lawmakers from both parties said they were pleased that Austin would be installed to lead the Pentagon just two days after Biden was sworn in as president on Wednesday. Senator Jack Reed, the incoming Democratic chairman of the Senate Armed Services Committee, noted the wide range of challenges facing the country – including the coronavirus pandemic and competition with China and Russia. “General Austin is an exceptionally qualified leader with a long and distinguished career in the U.S. military,” Reed said before t...
PGF chief: Femi Fani-Kayode’s botched defection an attempt to manipulate APC leadership
Director-General of the Progressive Governors’ Forum PGF, Salihu Moh. Lukman has said the recent attempt to accept Chief Femi Fani-Kayode into the fold of the All Progressives Congress APC was a clear attempt by some partisans to manipulate the leadership of the ruling party into doing the wrong thing. There were reports earlier in the week that Fani-Kayode, a chieftain of the opposition Peoples Democratic Party PDP was set to join the APC following a meeting with the Chairman of the Caretaker Extraordinary Convention Planning Committee CECPC, Gov. Mai Mala Buni, and Kogi state Governor, Yahaya Bello who chairs the Mobilization Committee of the party. In a statement titled, “APC and the Question of Values”, Lukman praised the insistence by many APC members and leaders that Mr. Fani-Kayode ...