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Nigeria, Rwanda sign MoU to boost trade, investment

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Nigeria and Rwanda have signed a Memorandum of Understanding (MoU) aimed at boosting trade and investment between the two countries.

The MoU which was sealed on Thursday by the Lagos Chamber of Commerce and Industry (LCCI)
and Rwanda’s Private Sector Federation (PSF) was signed at the ongoing 2024 Lagos International Trade Fair. It aims to deepen economic ties and create new opportunities for businesses in both countries.

In a statement issued by the Head of Communication of the Rwanda Embassy in Nigeria, Maureen Chukwura, the Rwandan High Commissioner to Nigeria, Amb. Christophe Bazivamo said the partnership is a shared vision of fostering a vibrant, interconnected African business landscape and affirmed Rwanda’s commitment to providing a conducive environment for business growth.

He added that the partnership will focus on various areas of cooperation, including trade facilitation, investment promotion, capacity building, and joint events organisation.

“This MOU is a testament to our shared vision—a vision of a vibrant and interconnected African business landscape where Rwanda and Nigeria stand as beacons of economic collaboration and mutual growth,” he said.

“The Rwandan government is fully committed to supporting this endeavour. We have implemented policies to streamline business procedures, enhance infrastructure, and promote a conducive investment climate, ” he added.

According to the statement, the MoU outlines specific steps to enhance collaboration in key sectors such as agriculture, particularly in Rwandan coffee and tea production, as well as energy, manufacturing, technology, and creative industries.

Under the agreement, the LCCI and PSF Rwanda will work to streamline trade procedures, promote cross-border investment, share relevant market information, and build business capacities through joint workshops and training programs.

“The partnership is expected to open new markets, create job opportunities, and strengthen business networks in both countries.

“The two parties plan to organise trade missions and business-to-business meetings and participate in each other’s trade fairs. These activities are set to begin in early 2025, with preliminary virtual meetings and visits planned,” the envoy stated.

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Lungu: Zambian law association calls for respect of court decisions

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The Law Association of Zambia (LAZ) has called on citizens to respect court decisions amid widespread criticism over the barring of ex-President Edgar Lungu from contesting the 2026 presidential election by the Constitutional Court.

The association, while reacting to the ruling, urged those affected by the court’s judgement to respect its decision.

The Constitutional Court had determined that Lungu was ineligible to contest future elections, having already served two terms as Republican President, but the ruling has generated criticism from Lungu and opposition figures who see it as a ploy by President Hakainde Hichilema to silence the opposition.

However, LAZ, in a statement issued by its President Lungisani Zulu, noted that the decision departs from the Court’s earlier rulings in cases such as Daniel Pule and Others vs Attorney General and Others, Bampi Aubrey Kapalasa and Another vs The Attorney General, and Legal Resources Foundation vs Edgar Lungu and the Attorney General.

Zulu expressed concern over the potential risks posed by inconsistent rulings from the apex court, cautioning that such fluctuations could erode public confidence in the Judiciary.

However, Zulu reiterated the importance of respecting the Court’s authority.

“Under Part 8 of the Constitution of Zambia (Amendment) Act No. 2 of 2016, judicial authority, derived from the people of Zambia, is vested in the courts, which have the final say on constitutional interpretation,” he stated.

Zulu further stressed that the Constitutional Court plays a critical role in settling constitutional disputes and underscored the need for citizens to uphold the integrity of governance institutions, including the judiciary.

“At the same time, in line with Article 118 of the Constitution, we strongly remind the Judiciary to ensure that judicial power is exercised in a just and fair manner,” he added.

The LAZ President expressed hope that consistent and fair judicial decisions would enhance accountability and maintain public confidence in the Judiciary, a cornerstone of Zambia’s democratic governance.

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Nigeria: President Tinubu’s reforms, economic policies yielding positive results— Minister

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Nigeria’s Minister of State for Defence, Bello Matawalle, has backed the reforms and economic policies embarked upon by President Bola Tinubu since coming into office in 2023, saying they are yielding significant positive results despite the hardship currently being faced by citizens.

Matawalle, who disclosed in a statement issued on Thursday in Abuja by the Director, Information and Public Relations in Ministry of Defence, Henshaw Ogubike, said Tinubu’s policies, which include the new tax reforms and several key reforms across various sectors, were already contributing to a turnaround in the country’s economy and would, in the long run, be of benefit to all Nigerians.

The former Zamfara State governor also urged critics of the Tinubu administration, particular those from Northern Nigeria, to be positive in their narrations.

“In the light of ongoing criticism, particularly from some quarters in Northern Nigeria, I urge critics to be positive in their narratives,” he said in the statement.

“I also call on citizens to remain steadfast in their support for the President and to reject divisive narratives.

“It is crucial for Nigerians to stand united behind Mr. President, who is diligently working hard to revitalise our economy through a series of effective policies, programmes, and reforms.

“Under President Tinubu’s leadership, we are witnessing a renewed commitment to the safety and well-being of all Nigerians, and I encourage everyone to recognise the positive changes taking place,” the minister said.

Highlighting the new tax reforms, Matawalle described them as pivotal elements in the country’s economic turnaround, emphasizing that the reforms were designed to create a more equitable tax system, which would enhance revenue generation for the government while easing the financial burden on ordinary citizens and small businesses.

“By broadening the tax base and ensuring that everyone pays their fair share, President Tinubu is laying the groundwork for sustainable economic growth.

“These reforms will not only increase government revenues but also stimulate investment and job creation across various sectors,” Matawalle explained.

According to him, this will foster a more business-friendly environment, encouraging entrepreneurship and innovation, which are essential for driving economic progress.

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