Connect with us

Musings From Abroad

UK PM Truss fires Ghanaian born Finance Minister Kwarteng after 37 days

Published

on

Embattled UK Prime Minister, Liz Truss, has fired her Ghanaian-born Finance Minister, Kwasi Kwarteng, following what the British media described as a clash of interest between the duo.

The firing of Kwarteng on Friday, 37 days after his appointment, comes shortly before Truss is expected to scrap parts of his early economic package in a bid to survive the market and political turmoil gripping the country.

The dismissal of Kwarteng means he is UK’s shortest serving Chancellor since 1970 when the then Finance Minister died shortly after his appointment, while his successor will be the fourth Finance Minister in as many months.

Kwarteng who reportedly left a meeting convened by the International Monetary Fund (IMF) in Washington to fly back to London on Thursday, told reporters after the news broke that he had resigned at Truss’s request, while the PM is expected to hold a news conference later on Friday.

“You have asked me to stand aside as your Chancellor. I have accepted,” Kwarteng said his resignation letter to Truss which he published on Twitter.

Kwarteng had on September 23, announced a new “fiscal policy on delivering Truss’s vision for vast tax cuts and deregulation to try to shock the economy out of years of stagnant growth.”

But the response from markets was so ferocious that the Bank of England had to intervene to prevent pension funds from being caught up in the chaos, as borrowing and mortgage costs surged, an economic expert said.

The duo, according to Downing Road sources, have been under “mounting pressure to reverse course, as polls showed support for their Conservative Party had collapsed, prompting colleagues to openly discuss whether they should be replaced.”

Musings From Abroad

UN rights chief pushes for reparations for slavery

Published

on

United Nations head of human rights on Friday called on countries to take real steps toward reparations for people of African descent. He appealed while adding his voice to calls for justice for the horrible crimes committed during slavery.

African and Caribbean countries are becoming more in favour of setting up a panel to deal with reparations for crimes that happened during the transatlantic slave trade. Reparations could include money payments and other forms of making amends.

“I join your demands for action now,” United Nations High Commissioner for Human Rights Volker Turk said in an address at the closing of the four-day U.N. Permanent Forum on People of African Descent (PFPAD).

“On reparations, we must finally enter a new era. Governments must step up to show true leadership with genuine commitments to move swiftly from words to action that will adequately address the wrongs of the past.”

Although Turk did not say how reparations should be handled, he however expressed support for the group but is not one of its 10 members.

The idea of making reparations has become more popular but remains controversial, and most countries that used to colonize others do not agree with it with some expressing remorse for being part of the transatlantic slave trade and planning a 200 million euro fund to make up for it.

A spokesman for the British Foreign Office recently admitted that the country was responsible for transatlantic slavery, but there were no plans to pay reparations because “today’s challenges” should be the focus.

The PFPAD, which can’t make laws but can give advice to other U.N. groups, released its findings on Friday and reiterated as it did in 2023, that a court should be set up to deal with slavery. This time, it said that the General Assembly, which makes policy for the UN, should be used to ask for this.

It specifically asked the proposed court to look into what happened in Haiti “and provide reparations, restitution, and compensation appropriately.” This came after Haitian groups at the forum asked France to repay the billions of dollars that people who had been slaves were forced to pay in exchange for the island’s independence being recognized two hundred years ago.

Lately, there has been the return of some “stolen” artefacts by colonialists to some African countries like Egypt, Ghana and Nigeria.

Over 90% of the world’s 193 countries of the world were colonized by notable eleven – Belgium, the United Kingdom, Japan, France, Germany, Italy, Portugal, The Netherlands, Denmark, Spain, and the United States of America.

Continue Reading

Musings From Abroad

US bans four former Malawian officials over bribery

Published

on

The United States State Department said on Wednesday that four former government officials from Malawi were not allowed to come to the US because they were involved in major crime.

“The United States stands with Malawians working towards a more just and prosperous nation by promoting accountability for corrupt officials, including advocating for transparency and integrity in government procurement processes,” department spokesman Matthew Miller said in a statement.

The people named are Reyneck Matemba, who used to be solicitor general and secretary of justice, John Suzi-Banda, who used to be director of public procurement and disposal of assets, Mwabi Kaluba, who used to be an attorney for the Malawi Police Service, and George Kainja, who used to be inspector general of the Malawi Police Service.

The State Department said that the four “abused their public positions by accepting bribes and other articles of value” from a private businessperson in exchange for a grant to work on government policy.

In the past few years, Malawi’s President Lazarus Chakwera has been fighting crime hard. In January 2022, he got rid of the whole Cabinet because three ministers were being accused of corruption.

Later that same year, Malawi’s Anti-Corruption Bureau caught and charged Saulos Klaus Chilima, the vice president of the country, with graft. According to the group, public officers in Malawi stole money from the government by trying to change how contracts were awarded through the country’s public procurement system.

A lot of people in Malawi live on less than $2 a day, making it one of the most fragile places in the world. The population density puts it in the top 10 in Africa, even though it is a small country.

Continue Reading

EDITOR’S PICK

Culture14 hours ago

Egypt reclaims 3,400-year-old stolen statue of King Ramses II

Egypt has received a 3,400-year-old statue depicting the head of King Ramses II that was stolen and smuggled out of...

Metro14 hours ago

Sign language interpreter, Kunda, seeks inclusivity in media rights agenda

An inclusive society is crucial for a nation’s human and economic development in the modern era. In this edition of...

Metro15 hours ago

Sign language interpreter, Kunda, seeks inclusivity in media rights agenda (video)

An inclusive society is crucial for a nation’s human and economic development in the modern era. In this edition of...

Metro18 hours ago

Educationist challenges media freedom norms, cautions against misuse of freedom of expression

Geshom Banda, Deputy Head Teacher at Hillside Primary School, presents a contrasting perspective amidst discussions on media freedom and digital...

Metro20 hours ago

Nigerian govt shuts Chinese supermarket over ‘no-Nigerian shopper’ allegation

Nigeria’s Federal Competition and Consumer Protection Commission has shut down a Chinese store in Abuja, the country’s capital, because it...

Metro23 hours ago

Nigeria: President Tinubu identifies illegal mining as source of terrorism financing

Nigeria’s President Bola Tinubu has identified illegal mining activities as a major source of terrorism financing in the country and...

VenturesNow1 day ago

Nigeria wants $2.25 billion World Bank loan

Nigeria’s Finance Minister, Wale Edun, has revealed that the country is seeking up to $2.25 billion in World Bank loans...

Video1 day ago

‘Complex, contentious,’ media enthusiast says media rights often depend on goodwill of political leadership (video)

Kitwe Press Club spokesperson, Michael Kaluba, has described the media landscape in Zambia as complex and contentious. In a conversation...

Tech2 days ago

UN signs MoU with Kenya’s Konza Technopolis

The United Nations has signed a Memorandum of Understanding (MoU) with Kenya’s Konza Technopolis that will provide a wide range...

Culture2 days ago

Ghana mourns as top gospel music icon Koda passes away

The Ghanaian entertainment industry has, once again, been thrown into mourning following the death of renowned gospel musician, Kofi Owusu...

Trending