Connect with us

Politics

Nigerian billionaire Aliko Dangote bemoans African travel restrictions

Published

on

Africa’s richest man, Aliko Dangote, recently addressed the Africa CEO Forum Annual Summit in Kigali, Rwanda, and lamented the challenges faced by investors around the continent as a result of the strict travel restrictions among African nations.

Dangote claims that to travel within Africa, his Nigerian passport requires 35 separate visas. The 67-year-old business tycoon claimed it was a major challenge and that he did not have the time to travel across the continent to drop his passport at embassies to obtain visas.

“I still complained to President Kagame. I told him that, as an investor, I have to now apply for 35 different visas on my passport, and I told Mr President, I don’t have the time to go and drop my passports in embassies to get a visa.

“But you see, the most annoying thing is that yes, if you are treating everybody the same, then I can understand,” he said.

The richest man in Africa, Patrick Pouyanne, chairman of Total Energies, claims that he can enter African nations using his French passport and no longer needs 35 visas.

“You don’t need 35 visas on your French passport. This means you have a freer movement than myself in Africa,” he asserted.

He urged greater cooperation in his contribution to enterprises operating within Africa, emphasizing that outsiders would not help the region accomplish its objectives.

Dangote averred, “Our main job is to make sure the regional markets all work. Once they work, then we can now go to the Africa Continental Free Trade Agreement. But then, for AfCFTA also, we need to make sure that it works.

“We cannot have a very promising continent and our intra-trade rate is less than 16 percent. Okay, so we Africans will have to do it. If we are waiting for foreigners to come and do it, the development of Africa, it’s not going to happen.

“So, it can only happen to us Africans. We must risk our sources and make sure that we lead, and then we will have people who trust and believe in Africa, like Patrick to come and help us to push to the next level.”

The business tycoon also declared at the occasion that by June, when the Dangote refinery starts producing gasoline, Nigeria won’t need to import the fuel.

“Right now, Nigeria has no cause to import anything apart from gasoline and by sometime in June, within the next four or five weeks, Nigeria shouldn’t import anything like gasoline; not one drop of a litre,” he assured.

As a result, Dangote declared that other West African nations as well as Nigeria would deal with the shortage in gasoline supplies.

“We have enough gasoline to give to at least the entire West Africa. We have enough diesel to give to West Africa and Central Africa,” he added.

Politics

5 parties now part of South Africa’s unity government— ANC

Published

on

South Africa’s ruling party, the African National Congress (ANC), has announced that negotiations with other parties are still underway as the party forms a government with five opposition parties.

The ANC was obliged to form coalitions with other political parties after last month’s election because it was unable to secure a parliamentary majority for the first time since the 1994 election that brought an end to apartheid.

The Democratic Alliance, led by white people and supportive of business, supported ANC leader Cyril Ramaphosa in his reelection as president of South Africa’s parliament on Friday. Two smaller parties, the right-wing Patriotic Alliance and the socially conservative Inkatha Freedom Party, also supported the party.

The ANC said on Monday that GOOD, a smaller party, has also committed to join the unity government agreement. According to an ANC statement, this group holds 273 seats in the National Assembly or 68% of the total.

South Africa’s 400 seats make up its parliament. The IFP has 17 seats, the PA has 9 seats, the DA is the second-largest party with 87 seats, the ANC has 159 seats, and GOOD has one seat. According to the ANC, the unity government would guarantee that all involved parties had representation in government and would reach decisions by consensus.

The ANC stated that the unity government will prioritize land reform, infrastructure development, job creation, fixed capital investment promotion, and quick, inclusive, and sustainable economic growth.

“The president will exercise the prerogative to appoint the cabinet, in consultation with leaders of GNU (government of national unity) parties, adhering to existing protocols on government decision-making and budgeting,” the ANC said, adding it was still in discussions with more parties to join the government.

With 39 seats, the Marxist Economic Freedom Fighters party has declared that it will not serve in a government with the Democratic Alliance (DA) or the Freedom Front Plus, two organizations that receive support from the white minority.

The former president Jacob Zuma’s uMkhonto we Sizwe party is likewise not a member of the unity government. With 58 seats in the National Assembly, it has declared that it will join the EFF and the center-left United Democratic Movement in the “Progressive Caucus,” a group of minor opposition parties in parliament.

The unity government will face official resistance from this alliance.

“With populist parties choosing to reject the GNU, and the ANC’s bigger partners in the governing coalition centre-leaning and favouring more liberal economic policies, we think the GNU opens the possibility for more growth-friendly structural reforms and prudent macroeconomic policy choices,” HSBC economist David Faulkner said in a note.

“But the GNU could also face ideological divisions and exacerbate fractures within the ANC, factors that could make establishing a stable policy framework difficult.”

Continue Reading

Politics

South Africa: Parliament reelects Cyril Ramaphosa as president

Published

on

President Cyril Ramaphosa of South Africa has been re-elected for a second term. He was nominated for re-election on Friday by a member of his African National Congress (ANC) party during the first sitting of parliament following last month’s election.

Julius Malema, the opposition Economic Freedom Fighter, was also put forward for the nation’s presidency, necessitating a vote in parliament to determine the winner.

With a majority of votes in the National Assembly, Chief Justice Ramaphosa was proclaimed president. Julius Malema, the leader of the opposition Economic Freedom Fighters party, received 44 votes, while Ramaphosa received 283.

The Democratic Alliance party said earlier in the day that it would support Ramaphosa in the election as part of a deal to establish a unity government with the African National Congress.

President Cyril Ramaphosa of South Africa has been re-elected for a second term. He was nominated for re-election on Friday by a member of his African National Congress (ANC) party during the first sitting of parliament following last month’s election.

Out of the 400 seats in the recently elected National Assembly, 246 are held by the ANC and DA.

Continue Reading

EDITOR’S PICK

Sports2 hours ago

Nigeria unleashes 40-man contingent for African Athletics Championships in Cameroon

The Athletics Federation of Nigeria (AFN) has released a 40-man contingent for the 23rd African Championships in Cameroon starting from...

Metro2 hours ago

Zambian cleric Archbishop Phiri bans politicians from speaking in Ndola archdiocese

The Metropolitan Archbishop of Ndola, Archbishop Benjamin Phiri, has banned politicians from speaking in any church in the Ndola archdiocese...

Tech2 hours ago

Kenya’s Fidelity Shield Insurance launches digital health coverage product ‘My Afya Shield’

Kenya’s Fidelity Shield Insurance has launched a new digital health coverage scheme known as ‘My Afya Shield’ which is designed...

Culture2 hours ago

Davido sues baby mama for child custody

Nigeria’s Afrobeats sensation, David Adeleke, popularly known as Davido, has dragged one of his baby-mamas, Sophia Momodu, the mother of...

Musings From Abroad3 hours ago

Production at China’s $1 billion Tsingshan steel mill in Zimbabwe begins

A corporate official announced on Thursday that Tsingshan Holding Group, a $1 billion steel mill in central Zimbabwe, is now...

Metro10 hours ago

Mixed reactions as govt plans to send first Nigerian to space

There have been mixed reactions following an announcement that the Nigerian government is planning to send a Nigerian to space...

Culture1 day ago

Ghanaian designer Dede Ayite becomes first black woman to win Tony Award for Best Costume Design

Ghanaian costume designer, Dede Ayite, has become the first black woman to win an award for Best Costume Design of...

Metro1 day ago

Zambia facing agricultural crisis— Minister

The Zambian Agriculture Minister, Reuben Mtolo, has admitted that the agricultural sector is facing a significant crisis as a result...

Tech1 day ago

IFC partners SA health-tech group Lenmed Hospital to expand quality healthcare services in Africa

The International Finance Corporation (IFC), a member of the World Bank Group, has entered into a partnership with South African...

Sports1 day ago

Former Ghanaian int’l Michael Essien on verge of losing choice properties

Former Ghanaian international midfielder, Michael Essien, is on the verge of losing two of his choice properties worth millions of...

Trending