Connect with us

Musings From Abroad

Bill Gate warns Russia/Ukraine war could affect aid to Africa as he pledges $7 billion

Published

on

American billionaire, Bill Gates has warned that the Ukraine crisis was reducing the amount of aid flowing to Africa as he announces a $7 billion commitment to Africa.

The Bill & Melinda Gates Foundation said on Thursday it was committing the fund to the continent over the next four years.

 Bill Gate, who is co-founder of Microsoft Corp told journalists at the University of Nairobi during a visit to Kenya that “the European budgets are deeply affected by the Ukraine war and so right now the trend for aid is not to go up,”

“If you take all aid (into Africa) including all climate aid – we’ll have a few years where it’ll probably go down.”

The pledged fund will target projects tackling hunger, disease, poverty, and gender inequality. Nigeria, Africa’s most populous country, will take the biggest share.

A statement by the foundation says it will “continue to support solutions in health, agriculture, and other critical areas—and the systems to get them out of the labs and to the people who need them.”

Musings From Abroad

Kenya, UAE seal economic relations deal

Published

on

Thani Al Zeyoudi, the United Arab Emirate’s minister of foreign trade, has announced that his country and Kenya have reached an agreement for a comprehensive economic partnership (Cepa).

According to a social media post by Al Zeyoudi, non-oil commerce between the Gulf State and Kenya reached $3.1 billion in 2023, up 26.4% from 2022.

As part of a plan to diversify its oil-based economy, the UAE initiated bilateral trade talks with many African nations in 2022, including Kenya, the largest economy in East Africa.

“We will now look to expand across sectors, from food production and mining to technology and logistics,” he said of the agreement.

Kenya’s Trade Cabinet Secretary Rebecca Miano was quoted by the UAE state news agency WAM as saying that the agreement would be crucial in making it possible for Kenyan exports to reach significant markets in Asia and the Middle East as well as “in stimulating investment inflows that will further develop our national capabilities.”

The UAE has inked other Cepas, including agreements with Asia’s superpowers, India and Indonesia, as well as longtime adversaries, Israel and Turkey. 2023 saw the Gulf State sign its first CEPA with two African countries, the Republic of Congo-Brazzaville and the island of Mauritius.

With over €2 million in total trade, Kenya ranked the UAE as its fourth-biggest trading partner, and it was also the largest trading partner and export destination in the Middle East.

Continue Reading

Musings From Abroad

UN sanctions six Congolese rebels over crisis in its eastern region

Published

on

Six members of five armed organisations in the eastern Democratic Republic of the Congo (DRC) have been sanctioned by the United Nations Security Council as violence between the Congolese army and M23 Tutsi-led rebels, who are backed by Rwanda, has escalated.

 

The fighting in this decades-long battle has made it more likely that Rwanda and Congo could go to war, which might draw in armies from nearby countries like South Africa, Burundi, Uganda, Tanzania, and Malawi.

 

The Deputy U.S. Ambassador to the UN, Robert Wood, told a meeting of the 15-member Security Council that “The United States firmly supports the sovereignty and territorial integrity of the DRC and lasting peace for all Congolese people. Rwanda and the DRC must walk back from the brink of war.”

A travel ban, asset freeze, and arms embargo were placed on two leaders of the Allied Democratic Forces (ADF), one commander of the Twirwaneho armed organisation, and one leader of the National People’s Coalition for the Sovereignty of Congo (CNPSC) rebels by the Security Council’s DRC sanctions committee.

The military spokesman for the M23 Tutsi-led rebels, allegedly backed by Rwanda, and a leader of the Democratic Forces for the Liberation of Rwanda (FDLR), an organisation started by Hutus who left Rwanda after participating in the 1994 genocide that killed over 800,000 Tutsis and moderate Hutus, were also placed on the UN list.

“These individuals are responsible for numerous abuses,” Wood said of the six sanctioned individuals.

After replacing a previous U.N. operation in 2010 to aid in reducing insecurity in the country’s east, Congo has been home to a UN peacekeeping force known as MONUSCO for more than 13 years.

Felix Tshisekedi, the president of the Congo, requested in September that the peacekeepers’ withdrawal be expedited, and the UN Security Council granted his request, allowing the deployment to terminate in December.

Continue Reading

EDITOR’S PICK

Video11 mins ago

Video: Nigeria’s Tinubu meets private sector executives over cost of living crisis 

In this video, President Bola Tinubu of Nigeria spoke with executives in the private sector about the nation’s rising cost...

Metro33 mins ago

‘Take responsibility, Nigerians are suffering because of your policies,’ Atiku tackles Tinubu

Former vice president and presidential candidate of the Peoples Democratic Party (PDP) in the 2023 elections, Alhaji Atiku Abubakar, has...

Behind the News14 hours ago

Behind the News: All the backstories to our major news this week

Over the past week, there were many important stories from around the African continent, and we served you some of...

Culture14 hours ago

Owners of South Africa bar where teenagers died in 2022 to pay fine or go to jail

The owners of a South African bar where 21 teenagers died after drinking contaminated alcohol during a party in 2022...

Tech15 hours ago

AFC to invest $40m in African Medical Centre of Excellence in Nigeria

The Africa Finance Corporation (AFC) has committed $40 million equity investment in the African Medical Centre of Excellence (AMCE) in...

Metro16 hours ago

Zambia signs creditor agreement deal with China, India to resolve debt crisis

President Hakainde Hichilema of Zambia has announced the signing of an official creditor agreement with China and India that will...

VenturesNow17 hours ago

Nigeria targets 1,268MW from new power plants

Eight brown and green field hydropower projects built through public-private partnerships are expected to yield 1,268 megawatts of electricity, according...

Sports18 hours ago

How Super Eagles players, Bassey, Iwobi disunited Man U

It was a Nigerian affair at the revered Old Trafford stadium as the Super Eagles duo of Calvin Bassey and...

Metro24 hours ago

Four of 10 Nigerians indebted to loan sharks— Report

A report from a research carried out by Nigerian fintech platform, Piggy Vest, has revealed that four out of 10...

VenturesNow1 day ago

Tanzania begins fresh round of Treasury bond auctions

In an effort to reduce national debt and increase the amount of money in circulation in the face of a...

Trending