Connect with us

Video

Planet: conservationist, Rubina James calls for African participation as APAC conference kicks off in Rwanda

Published

on

In this video, the Director of Africa Biodiversity Collaborative Group (ABCG), Rubina James, speaks on the importance of the African Protected Area Conference (APAC) in Rwanda to the environmental destiny of Africa.

She called for African participation in the quest to safe the future of the earth as no changes can be achieved without participation of Africans themselves.

 

Video

Video: Kenya’s Ruto targets inflation rate below 3%

Published

on

In this video, Kenyan President, William Ruto, stressed the economic goals of his government and charged the public to believe in the economic reforms of his administration.

 

Ruto also emphasized that the international community and multilateral bodies had applauded his policy direction, and urged Kenyans to join the train.

 

“You do have my commitment that we will be disciplined as a public sector… it my target that by next year inflation will be sub 3%”, Ruto said.

 

Earlier in the month, the Central Bank of Kenya slashed the benchmark rate to 12.0%, 75.0 bps down. The Central Bank’s prescribed target band for headline inflation is 2.5% – 7.5%, 5.0% being the mid-point · The last time Kenya registered <3.0% headline inflation was May 2007

 

Watch the video below:

Continue Reading

Video

Video: Amid unpopular reforms, W’Bank chief insists Nigeria must ‘stay in course’ for 15 years

Published

on

In this video, Indermit Gill, the Vice President and Treasurer of the World Bank who also serves as the Pension Finance Administrator of the World Bank Group, at an event in Abuja, Nigeria’s capital, commended the recent fiscal and monetary reform policies of the government.

He noted that implementing such reforms was impossible without strong resolve from the political class. He also commended the central bank’s decision to raise interest rate.

The central bank has had to hike its policy rate by a huge 850 points in the last 9 months to boost confidence in the Naira and anchor inflationary expectations.

“But this is only the beginning, Nigeria will need to stay the course for at least another 10 to 15 years to transform its economy,” the World Bank chief stressed.

Gill’s remark brings to mind the age-long argument on the actual interest of multilateral bodies in their engagements with developing countries, largely African states, whether through loans or policy framework. Some have argued that the institutions are only bent on impoverishing the continent through policy positions like the removal of subsidy and the devaluation of currencies, both of which Nigeria under the current administration has done under two years— leading to unprecedented inflation rate and soaring cost of living.

Continue Reading

EDITOR’S PICK

Tech8 hours ago

Egyptian VC Flat6Labs partners ITIDA to launch programme for tech startups

Egyptian Venture Capital firm, Flat6Labs, has partnered with Egypt’s Information Technology Industry Development Agency (ITIDA) to launch an InvestIT programme...

Metro8 hours ago

Daughter of ex-Zambian President Lungu loses bid to appeal K8 million farm forfeiture

Tasila, the daughter of Zambia’s former president, Edgar Lungu, has lost a bid to appeal the forfeiture of her K8...

Culture9 hours ago

Moroccan court jails journalist 18 months over remarks about politician

A Moroccan court on Monday sentenced a journalist, Hamid Mahdaoui, to 18 months in prison after he was found guilty...

Sports9 hours ago

Ghana Black Stars in disarray as 8 players withdraw from 2025 Afcon qualifiers

The chances of the Black Stars of Ghana qualifying for the 2025 AFCON seems slimmer by the day with the...

Metro13 hours ago

Nigerian govt spent N19bn on presidential jets in 15 months— Report

A report released by GovSpend, a civic tech platform that tracks and analyses the spendings of the Nigerian government, has...

Culture1 day ago

South Africa finally unveils improved King Shaka statue at Durban airport

After years of complaints by the public, South African President, Cyril Ramaphosa, has finally unveiled an improved version of a...

Tech1 day ago

Telegram faces shutdown in Kenya

Telegram, a cloud-based messaging app that allows users to send messages, share files, and make voice and video calls, is...

Metro1 day ago

Zambia: PF crisis deepens as factional leader expels ex-President Lungu, Sampa, others

The internal crisis rocking Zambia’s main opposition party, the Patriotic Front (PF), reached a crescendo on Sunday when another factional...

Metro2 days ago

Nigerian troops launch manhunt for new jihadist group Lukarawa as COAS vows annihilation

Nigeria’s acting Chief of Army Staff, Lt. General Olufemi Oluyede, has vowed to dislodge the new Islamist jihadist group, Lukarawa,...

VenturesNow2 days ago

Nigeria signs deal for aircraft maintenance facility

To build an aircraft maintenance, repair, and overhaul facility, the Nigerian government, acting through the Ministry of Aviation and Aerospace...

Trending