Djibouti’s President Ismail Omar Guelleh is expected to extend his two-decade rule of the tiny Horn of Africa nation as the country heads to the polls Friday. Guelleh, 73, is facing political newcomer Zakaria Ismail Farah, his only rival after traditional opposition parties decided to boycott the election. A businessman specialised in the importation of cleaning products, Farah, 56, is seen by observers as unlikely to pose a significant challenge to the strongman who has been in power for 22 years. Djibouti is a largely desert country strategically situated on one of the world’s busiest trade routes and at the crossroads between Africa and the Arabian peninsula, a short distance from war-torn Yemen. Under Guelleh, the country has exploited this geographical advantage, investing heavily in ...
The Kano state Executive Council has approved the constitution of a committee, to design a Strategic Metropolitan Transport Master Plan, in order to regulate the transport system in the metropolis. This is contained in a statement signed by the State Commissioner for Information, Mr Muhammad Garba, made available to newsmen on Friday. It said the development of a Transport Master Plan for the state would strengthen economic growth and development, in line with the megacity goal of the Ganduje administration. Garba, in the statement, noted that the terms of reference of the committee, included a comprehensive mass transit system, to address the current transportation challenges. “It will also identify facilities and services to manage the dynamics of Kano as an emerging Megacity.” the state...
The Federal Executive Council (FEC) has approved a new Medium-Term Debt Management Strategy for Nigeria (MTDS) for the period 2020-2023. With the approval, announced during Wednesday’s virtual FEC meeting, the DMO which is saddled with managing the nation’s debt matters, has promised full implementation to support economic development while ensuring that public debt is sustainable. The MTDS is a policy document which provides a guide to the borrowing activities of the government in the medium-term, usually four years. It is recognised as one of the best practices in public debt management and is recommended by the World Bank and International Monetary Fund (IMF) to ensure that public debt management is driven by a well-articulated strategy that is structured to meet a country’s broader mac...
Determined to tackle the perennial problem of flooding in Edo State during the rainy season, the state government has finalised a plan for the procurement and installation of hydromet flood early warning system, automatic and manual weather stations and DCP-Data collection platform for river gauging throughout the state. The post Edo, NEWMAP to acquire hydromet flood early warning system 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.
Barely five days to the end of the year 2020, the Central Bank of Nigeria has disclosed that a survey carried out by its Statistics Department revealed that the naira is expected to depreciate further in January 2021. The report, titled, ‘December 2020 Business Expectations Survey Report’ added that there might also be a steady rise in interest rate from December till the next six months. The naira witnessed a sharp fall in recent weeks, reaching its lowest on November 30, 2020, when it exchanged for N500/$1. Since then, the dollar has been hovering between N460 and N470. As of Friday, however, one dollar exchanged for 465 in the parallel market. Also, the Nigerian economy had on November 21 slid into its second recession in five years when the economy shrank again in the third quarter. Th...
A report by the World Bank has noted that over the past 12 months, the Covid-19 pandemic has harmed the poor and vulnerable the most, and it is threatening to push millions more into poverty. This year, the World Bank said, after decades of steady progress in reducing the number of people living on less than $1.90/day, COVID-19 will usher in the first reversal in the fight against extreme poverty in a generation. The report said the latest analysis warns that COVID-19 has pushed an additional 88 million people into extreme poverty this year – and that figure is just a baseline. “In a worst-case scenario, the figure could be as high as 115 million. The World Bank Group forecasts that the largest share of the ‘new poor will be in South Asia, with Sub-Saharan Africa close behind. ddAccording ...
U.S. warns Pacific islands about Chinese bid for undersea cable project
The United States has warned Pacific island nations about security threats posed by a Chinese company’s cut-price bid to build an undersea internet cable, two sources told Reuters, part of an international development project in the region. Huawei Marine, which was recently divested from Huawei Technologies Co Ltd and is now majority-owned by another Chinese firm, submitted bids along with French-headquartered Alcatel Submarine Networks (ASN), part of Finland’s Nokia, and Japan’s NEC, for the $72.6 million project backed by the World Bank and Asian Development Bank (ADB), the sources with direct knowledge of the project details said. The project is designed to improve communications to the island nations of Nauru, Federated States of Micronesia (FSM) and Kiribati. Washington sent a diploma...