Connect with us

Video

Video: Ugandans battling sweeping flood after torrential rain

Published

on

The Ugandan government and Uganda Red Cross confirmed the death on Monday have confirmed that torrential rains have killed at least 24 people by floods in parts of eastern Uganda.

With flood accident in countries like, Nigeria, Sudan and he Central African Republic, evidently, the month of July is a raining period in most African country but it appears due measures are hardly in place in preparation of the season as casualties are recorded year after year as a result of rains which in most case could have been better managed.

In this video, some Ugandans are seen battling for safety from the sweeping flood.

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

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

Uncategorized9 hours ago

1,172 Nigerians killed, over 1,000 kidnapped in nine months— NHRC

The National Human Rights Commission (NHRC) has put the figures of Nigerians killed and kidnapped by non-state actors from January...

Tech11 hours ago

Bolt invests $107m in Nigeria to boost safety standards

Ride-hailing platform, Bolt, has announced an investment of $107 million in its bid to boost safety and service quality in...

Sports22 hours ago

South Africa’s FA president Danny Jordaan arrested on fraud, theft allegations

The President of South African Football Association (SAFA), Danny Jordaan, has been arrested on allegations of fraud and theft. Jordaan,...

Metro22 hours ago

Chinese mining giant CNMC set for $1.6 billion investment in Zambia

A Chinese mining giant, China Nonferrous Metal Mining Company (CNMC), has announced the investment of over $1.6 billion in Zambia,...

Metro1 day ago

Mpox immunisation scarcity slows Kinshasa’s epidemic fight

A lack of mpox vaccine doses has prevented the Democratic Republic of the Congo from starting a campaign in the...

VenturesNow1 day ago

After decades of imports, Nigeria ends oil importation

The Nigerian National Petroleum Company Limited (NNPC) has declared that it has finally stopped the long-standing practice of importing petroleum...

Politics1 day ago

Ghana’s Supreme Court reinstates ruling party’s majority

The ruling New Patriotic Party regained its majority in the legislature ahead of the Dec. 7 election after Ghana’s Supreme...

Politics1 day ago

Senegal: PM Sonko urges followers to avenge campaign violence

Senegal’s Prime Minister, Ousmane Sonko, has advised Pastef party followers to exact retribution for claimed violence against them during the...

Musings From Abroad1 day ago

UN Security Council deliberates stance on Sudan war

The UN Security Council is discussing a British-drafted resolution calling on Sudan’s warring parties to stop hostilities and permit safe,...

Metro1 day ago

Nigerian journalist claims US govt filing confirms Tinubu as ‘CIA Agent’

Nigerian journalist, David Hundeyin, has claimed the United States government has described President Bola Tinubu as a “Special CIA Asset”...

Trending