Connect with us

VenturesNow

World Bank grants Malawi $57.6 million for food crisis

Published

on

As a response to its food crisis, the World Bank said on Friday that it would give Malawi $57.6 million in “quick release” grants.

“This support comes in the context of the severe food crisis the country is suffering due to El Niño conditions in the wider southern Africa region,” the World Bank said in a statement.

“A series of intense disaster events over the last few years has left almost no time for the country to recover and has resulted in a severe erosion of food security at the national level.”

Malawi is one of the least developed countries in the world. It is ranked 170 out of 187 countries in the 2010 Human Development Index. Almost 16 million people live there, and 90% of them make less than $2 a day. That’s 53% of the total population.

The United Nations Children’s Fund (UNICEF) says that 46,000 children in Malawi are seriously malnourished. In 2023, UNICEF said that more than 500,000 Malawian children were at risk of not getting enough food.

Now, Malawi has a lot of programs in place to deal with things like poverty, and climate change, and to make the business and agriculture more diverse.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.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

VenturesNow

Fortuna Mining says Burkina Faso won’t scrap permits

Published

on

The Burkina Faso government does not intend to revoke Fortuna Mining’s current mining permits within the nation, the Canadian company said on Monday.

Ibrahim Traoré, the leader of the Junta, stated on Saturday that Burkina Faso intended to remove some mining permissions from international businesses and work towards increasing local gold production. However, he did not specify which permits would be revoked.

The entire index fell on Monday as shares of gold miners with projects in the West African nation plummeted precipitously at the Toronto Stock Exchange.

Fortuna Mining’s stock was down 9% at 3:25 PM ET (19:25 GMT). The owner of the Bombero gold mine, Orezone Gold Corp., had a 9% decrease on the TSX.

In addition to addressing several subjects on Saturday to mark two years as president, gold producer Endeavour Mining said Traor hinted that some mining permits would be cancelled.

Endeavour asserted that it is unaware of any intentions to cancel any of the company’s mining permits and that the government continues to support the business.

Growing insecurity has made things more difficult in West African country despite its rich mineral resources. ACLED, a U.S.-based crisis-monitoring organisation, asserts that in 2023, over 8,000 individuals lost their lives in the nation, even though the junta promised to suppress groups linked to Al Qaeda and the Islamic State.

Burkina Faso has witnessed a boom in the mining sector since the early 2000s, primarily in the gold but also in the zinc and manganese industries. At the moment, the country is Africa’s fifth-largest producer of gold.

Continue Reading

VenturesNow

Nigerian govt begins 2025 retirees’ enrollment

Published

on

Nigeria’s National Pension Commission has declared that it has formally begun the process of enrolling potential retirees in 2025, highlighting the significance of early planning.

The commission demanded that ministries, departments, and agencies refrain from any last-minute rush that can interfere with the enrolment process and make it more difficult for retirees to adjust to their new stage of life.

At a workshop held by the National Pension Commission on Monday in Abuja to launch the online enrolment process for pension desk officers of MDAs funded by the Federal government’s Treasury for 2024, Omolola Oloworaran, the acting director-general of the commission, revealed this information.

Currently, 7,348,028 people in Nigeria, or 10.58% of the country’s working population, are registered members of the National Pension Scheme. The commission reported that it paid N1.1tn to 129,435 life annuity applicants in the second quarter of 2024, reflecting advances in pension benefits.

During her speech, the acting director general (DG) said that the purpose of this exercise is to gather precise information so that the federal government may evaluate the Accrued Pension Rights of potential retirees and make the appropriate budgetary adjustments.

The commission, she continued, has advanced significantly by automating the enrolment procedure and launching an online enrolment application that makes retiree enrolment, verification, and registration easy.

Oloworaran said, “At the National Pension Commission, we hold firmly to our statutory responsibility of ensuring a seamless pre-retirement verification and enrolment process for employees of Federal Government Treasury-funded MDAs. Each year, we embark on this exercise to gather accurate data for determining the Accrued Pension Rights of prospective retirees, so that the Federal Government can make the necessary budgetary provisions.

“Today’s session is not just a routine gathering; it is part of PenCom’s commitment to building the capacity of stakeholders, specifically you, the Pension Desk Officers, whose roles are indispensable in this process. Since 2021, we have made significant strides by automating the enrolment process, and introducing an Online Enrolment Application that allows seamless registration, verification, and enrolment of retirees.

“This system, comprising the Retiree, MDA, PFA, and PenCom modules, represents the future of pension administration in Nigeria. As PDOs, you are the linchpin in this process, ensuring that retiree information is properly uploaded and verified. Hence, this workshop aims to equip you with the skills and knowledge needed to effectively use the application and address any challenges that arise during the enrolment process. We are also here to confront the issues of the past head-on.”

Continue Reading

EDITOR’S PICK

Tech9 hours ago

France’s VC firm Bpifrance launches in Egypt in bid to expand into Africa

France’s largest venture capital firm, Bpifrance, has partnered with Egyptian venture capital firm, Sawari Ventures, to launch a new base...

Culture9 hours ago

MultiChoice targets illegal streamers in crackdown against piracy

Satellite television services provider, MultiChoice, says it is now targeting illegal streamers in its renewed crackdown against piracy. Frikkie Jonker,...

Sports9 hours ago

Kenya’s marathon legend Eliud Kipchoge becomes UN Sports Ambassador

Kenya’s marathon legend, Eliud Kipchoge, has been named the Goodwill Ambassador for Sports, Integrity and Values by the United Nations...

Metro9 hours ago

ZESCO says Zambians can enjoy improved power supply but offers condition

State-owned Zambia Electricity Supply Corporation Limited (ZESCO) has assured Zambians of improved power supply spanning seven-hour daily, depending on the...

Uncategorized13 hours ago

Kenyan MPs vote to impeach deputy president

The Senate will now be able to consider the impeachment petition of Kenya’s deputy president, Rigathi Gachagua, who is accused...

VenturesNow14 hours ago

Fortuna Mining says Burkina Faso won’t scrap permits

The Burkina Faso government does not intend to revoke Fortuna Mining’s current mining permits within the nation, the Canadian company...

VenturesNow14 hours ago

Nigerian govt begins 2025 retirees’ enrollment

Nigeria’s National Pension Commission has declared that it has formally begun the process of enrolling potential retirees in 2025, highlighting...

Musings From Abroad14 hours ago

US CDC issues second-highest Marburg travel advisory for Rwanda

As a result of the Marburg disease epidemic in Rwanda, the United States government has announced that its agency will...

Metro15 hours ago

All the choices we have made are for sustainable, inclusive growth— Tinubu

Nigeria’s President Bola Tinubu has reiterated that all the choices his administration has made since assuming office 17 months ago...

Tech1 day ago

Nigeria’s agri-tech startup Winich Farms raises $3m to expand operations

Nigerian agri-tech startup specialized in the supply of farm grain produce to retailers, Winich Farms, has announced raising $3 million...

Trending