Connect with us

Behind the News

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

Published

on

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

Here is a rundown of the backstories to some of the biggest news stories in Africa that we covered during the week:

Africa’s debt in focus as IMF, World Bank meet in Morocco

Africa’s bilateral loans and the general macroeconomy of the countries within the continent were in focus as multilateral bodies,
International Monetary Fund (IMF) and the World Bank had their annual meetings in Marrakech, Morocco, during the week.

The growing debt profile of many African countries is disturbing, and a reworking of the G20 framework has been proposed as a likely solution to managing the situation.

The level of indebtedness in African countries is at its highest in more than a decade, largely due to the COVID-19 pandemic, Russia’s invasion of Ukraine, and skyrocketing inflation. African nations were forced to incur even more debt, and as a result, 21 low-income African nations are currently either insolvent or at great risk of experiencing debt-influenced hardship.

Some African countries have received favourable consideration at the summit. While Zambia, which was the first African country to default in its current bilateral loans after the Covid-19 pandemic in 2020, agreed to a memorandum of understanding (MoU) with its bilateral creditors on restructuring about $6.3 billion of debt, Egypt began talks with the IMF to augment its rescue programme to more than $5 billion.

Talks also began between South Africa and the World Bank for a potential $1 billion loan to revamp its energy sector amidst the country’s recent electricity challenges. East African economic powerhouse, Kenya got a commitment of the IMF to do “whatever it takes” to help it resolve fiscal situations. On its part, West Africa’s Nigeria was counselled to raise its taxes to maximize the benefits of its recent fuel subsidy removal, a policy that has been lauded by the two multilateral bodies despite leading to spike in the cost of living in the country.

Despite the many calls by African leaders at the recently concluded 78th United Nations General Assembly for a new global financial architecture outside the present creditor system which according to him tilts in favour of lenders like the IMF and the World Bank, the Morocco summit birthed no specific fruits in that direction beyond opening more spaces for fresh round of debts, and commitments the continent will hope will yield positive results.

Nigeria’s post-subsidy removal troubles continue

During the week, fresh developments emerged following the policy of Nigeria’s government to remove fuel subsidy in May. First, it was reported that despite the open market policy on petrol importation, the country’s national oil firm, NNPC Ltd had again become the sole importer of petrol because licensed local private firms were unable to obtain foreign currency.

Another revelation was the claim by oil marketers that government had reintroduced fuel subsidy, which was followed by a rebuttal by state enterprise, the Nigerian National Petroleum Company Limited (NNPCL).

Although President Bola Tinubu had, during a nationwide address in August, revealed that the government had saved ₦1 trillion in the two months since the removal of petrol subsidy, it appears the
“subsidy gains” are not sufficient as sources within the presidency have been quoted on a reported bid by the Nigerian government to seek a fresh loan of $400m for the conditional cash transfer to 15 million households as the country seeks to cushion the effect of fuel subsidy removal.

The $400m will bring to $1.2bn, the amount that the Federal Government is borrowing from the World Bank for the cash transfer, as it had earlier secured a loan of $800m for the same purpose.

Meanwhile, inability to refine locally, despite the launch of a 650,000 BPD integrated private refinery in May, and unstable exchange rate remain factors in the country’s rising inflation rates and cost of living.

Malian, Russian leaders in new talks to boost relations

The Russian government, during the week, confirmed that its President, Vladimir Putin discussed trade and security with Mali’s military leader, Colonel Assimi Goita.

Putin’s frequent interactions with Assimi Goita, the interim leader of Mali, highlight Moscow’s keen interest in expanding its sway in the violently unstable Sahel region of West Africa, where it is fostering close security connections at the expense of France and the United States.

At a conference in Russia in July, Putin agreed to give free grain to six African nations, including Mali. He spoke to Goita on August 15 and September 10 after meeting him there, according to the Kremlin.

Against Western governments’ opposition, Russia’s Wagner mercenary group, whose leader, Yevgeny Prigozhin, was killed in a plane crash in August, has been active in supporting Goita’s administration in Mali, Chad, Burkina Faso, Libya, among others.

Another Nigerian athlete, Oduduru in doping crisis

The Athletics Integrity Unit (AIU) has slammed Nigerian sprinter, Divine Oduduru with a six-year ban for two doping violations, including possession of prohibited substances and attempted use of a prohibited substance or method.

The Nigerian athlete had been provisionally suspended on February 9 after he was linked to a doping case involving former African 100m champion, Blessing Okagbare, who was banned for 11 years for doping in 2022.

Okagbare’s case came to light after US prosecutors charged therapist, Eric Lira with supplying performance-enhancing drugs to athletes at the Tokyo Olympics. Oduduru’s ban raises concern about increasing doping offences in the country, with three other Nigerian athletes suspended for doping offences in the last one year.

Another Nigerian athlete, Nzubechi Grace Nwokocha, a member of the gold-winning relay team in the 2022 Commonwealth Games, was given a provisional suspension by the team in September of that year for using illegal substances.

Beyond the short-distance track and field categories dominated by Nigerians, East Africans— especially Kenyans and Ethiopians— who have dominated long-distance races for decades, have also had athletes like 10 kilometres road race world record holder, Rhonex Kipruto, Betty Wilson Lempus and 800m specialist, Eglay Nalyanya, amongst others, banned, leaving a disturbing and damaging effect on the continent’s sporting image.

Behind the News

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

Published

on

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

Here is a rundown of the backstories to some of the biggest news in Africa that we covered during the week:

1. Stop wailing, they are for your good, Nigerian govt defends Tinubu’s multiple
taxes

Despite the hues and cries of Nigerians over multiple taxes imposed on citizens by the President Bola Tinubu’s administration since coming into office almost a year ago, government officials have continued to defend the so-called reforms.

The latest to do so is Vice President Kashim Shettima who said the multiple taxes are a “necessary evil” aimed at revitalising the economy and not to frustrate Nigerians.

Shettima who spoke at a close-out retreat of the Presidential Fiscal Policy and Tax Reforms Committee set up by Tinubu, said “contrary to speculations in some quarters, the reforms will benefit the country in the long run.”

He stated that fears nursed by citizens over the tax reforms being implemented by the Tinubu administration, are targeted at revitalizing the country’s economy and not to frustrate and further impoverish Nigerians.

“We are not here to frustrate any sector of our economy but to create an administrative system that ensures the benefits of a thriving tax system for all our citizens.

“Our aim remains the revitalisation of revenue generation in Nigeria while sustaining an investment-friendly and globally competitive business environment,” the VP said.

This has been the usual rhetoric by government officials who are not adversely affected by the hardship and hunger being experienced by ordinary people in the past one year of Tinubu’s “bold reforms”.

From the removal of fuel subsidy without provision for ameliorating the expected fallout, to the tight grip on monetary policy, to the multiple taxation which has led to skyrocketing inflation and high cost of living, ordinary Nigerians have been made to bear the brunt of government policies.

Like Senate Chief Whip, Ali Ndume argued, it is inhuman for the government to continue taxing Nigerians without increasing their income.

2. Edgar Lungu still Zambia authorities’ nightmare

Despite being out of office for over two years, former Zambian President, Edgar Lungu remains one of the biggest nightmares of the Hakainde Hichilema administration.

Every move made by Lungu is viewed with suspicion by the government and its agencies and being the smart alec, Lungu has often played them to his advantage.

So it was last week Thursday when the ex-President caused a stir when he decided to take a walk around the Lusaka’s Central Business District which turned into a rowdy scene as traders and residents chanted and cheered his name, while motorists honked in solidarity as he strolled through the area.

Lungu was also warmly welcomed at Lusaka’s biggest trading marketplace, Soweto, as he waved at the traders, and motorist while assessing the cost of living and engaging with traders.

The actions and increased popularity of the former President must have sent the security agencies into panic mode as they did everything to douse the tension, coupled with the fact that the government had since banned such public procession.

There were reports that the National Police had suspended six officers who refused to prevent Lungu from embarking on the march due to its potential of causing a breach of public peace.

But in a swift reaction aimed at further dousing tensions, Police Public Relations Officer, Rae Hamoonga, said contrary to the allegations, no police officer had been suspended on the said allegations.

“Our investigation has revealed that such an incident did not occur, and therefore, no disciplinary action has been taken against any officers in connection with this matter,” Hamoonga said.

The Zambian government has done virtually everything within its powers to clip Lungu’s wings as the country gears up for a general election next year but it seems the more they try, the more the ex-President is becoming more popular.

It is left to be seen the next line of action from the administration to put Edgar Lungu in check.

3. Success has many relations; the intriguing story of Ademola Lookman

Before accepting to Switch allegiance from England to Nigeria, Ademola Lookman had rejected the country of his father three times with the hopes of playing for the Three Lions.

Former Super Eagles coach, Genort Rhor extended invitation to Lookman on two occasions but he turned them down.

Amaju Pinnick, used his position as the then Nigeria Football Federation (NFF) President, to personally court the striker through his parents but he still refused to accept an invitation to play for Nigeria.

In his final rejection of Nigeria in 2018, Lookman, sounding frustrated, said in an interview:

“I’ve not changed my mind on wanting to represent England.”

But after waiting in vain for a call up from England manager, Gareth Southgate, Lookman did the sensible thing by requesting a change of allegiance from FIFA and
February 10, 2022, his request to represent the Nigerian national team was approved by the world football governing body.

Lookman made his debut for Nigeria on March 25, 2022, in their scoreless draw with Ghana as part of the third round of the African section of qualification for the 2022 FIFA World Cup and went on to give a five-star performance at the 2023 Africa Cup of Nations held in the Ivory Coast where he scored three goals for Nigeria.

The rest, as they say, is history as the 25-year-old is now one of the most loved players both in Nigeria and in Italy where he plies his trade with Atalanta.

Such is the great love his fans have for Lookman that an Italian couple named their new born baby after him after leading the modest team into the final of the Europa League.

The Super Eagles forward gained the namesake after he scored a spectacular goal against Olympic Marseille of France in the Europa League semifinal second leg match to take Atalanta to the final.

According to reports from EuroFoot on X, Ademola’s performance was recognised by the couple who live in Palosco, a district in Bergamo where the Italian club is based.

“Somebody named their child after Ademola Lookman following his goal which helped send the Italian club to the Europa League final!” EuroFoot wrote.

The story of Lookman’s metamorphosis can only be compared to a man who has his palm kernel cracked for him by the gods.

4. Idriss Deby: From Army khaki to civilian president

During the week in review, Chadian interim president, Mahamat Idriss Deby, became another military junta leader who easily transformed into a civilian president after he was declared declared winner of the country’s disputed election held on May 6.

The State Electoral Commission of Chad announced that Deby, who succeeded his father who was killed in an army uprising in 2021, had secured an absolute victory in the presidential election, receiving more than 61% of the votes according to provisional figures

Deby was declared winner despite the main opposition candidate claiming victory for himself.

His “victory” at the presidential poll meant that
Chad, like in many African countries, has moved from a military regime back to constitutional governance through democratic elections, but with the same man on the saddle.

Though the election was marred by pockets of violence and discontent by the opposition who cited electoral manipulation, Deby has joined continental leaders who transitioned from military leaders to civilian leaders.

5. Count us out, Nigerian govt denies bribery allegation by Binance CEO

Attempts by the CEO of cryptocurrency exchange giant, Binance, Richard Teng, to rope in some government officials in a $150m bribe aimed settle the ongoing criminal charge filed against the firm has been vehemently denied by the Nigerian government.

Teng, in an article he write for the New York Times, had alleged that unknown government officials had made the bribe demand to Binance officials shortly after they held a meeting with Nigerian lawmakers on January 8.

In the article, Teng accused the individuals whom he failed to identify, of acting on behalf of government officials to demand $150m in cryptocurrency to resolve the tax evasion and money laundering case against the company and its officials.

“They demanded a significant payment in cryptocurrency to be paid in secret within 48 hours to make the issues go away,” Teng wrote in the article.

But in a swift reaction on Wednesday, Nigeria’s Minister of Information and National Orientation, Mohammed Idris, denied the allegations,
describing them as blackmail aimed at tarnishing the image of the country.

“The allegations are baseless and part of a wider attempt by Binance to evade accountability for alleged criminal activities,” Idris said.

“This claim by Binance CEO lacks an iota of substance. It is nothing but a diversionary tactic and an attempted act of blackmail by a company desperate to obfuscate the grievous criminal charges it is facing in Nigeria,” Idris said.

“They lack any evidence and are merely a diversionary tactic employed by Binance to deflect attention from the serious charges it faces in the country.”

Despite Idris’s strong denial of Teng’s allegations, questions are still being asked how one of the detained Binance officials, Nadeem Anjarwalla managed to escape from custody and flee from Nigeria?

Was his escape part of the alleged bribe scheme? Was there an exchange of money that paved the way for Anjarwalla’s escape from Nigeria?

How was he able to secure an alternative passport when his original passport had been seized by the EFCC?

Questions and more questions keep arising from the Binance-gate while Nigerians wait for answers which may never come.

Continue Reading

Behind the News

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

Published

on

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

Here is a rundown of the backstories to some of the biggest news stories in Africa that we covered during the week:

Different takes as African leaders spotlight multilateral loans

The call for a reform in the financial instrument of multilateral bodies like the International Monetary Fund (IMF) and the World was at the front burner in the week as African leaders on Monday called for rich countries to commit to record contributions to a low-interest World Bank facility for developing nations. The leaders stressed that most African countries depend on the fund to sponsor development and combat climate change.

Kenya’s President William Ruto told a meeting of African leaders and the World Bank to discuss IDA funding, “call on our partners to meet us at this historic moment of solidarity and respond effectively by increasing their IDA contributions… to at least $120 billion.”

Ruto has been a notable voice in the call. Last year, during a session at the Paris Climate Summit, he called for a new global financial architecture outside the present creditor system which according to him tilts in favour of lenders like the IMF and the World Bank.

“We need a financial consumption tax at a global level that countries like Kenya pay, we do not want anything for free, we will pay more eventually because we have a bigger economy. We want those resources controlled not by IMF and World Bank because IMF and World Bank have the final say…,” Ruto said.

The World Bank has maintained that IDA lends money to 75 poor countries around the world at low-interest rates. More than half of these countries are in Africa. Governments use the money to improve access to healthcare and energy, put money into farms, and build important things like roads.

But Ugandan President, Yoweri Museveni, expressed a fresh perspective to the discourse at the same event as he urged African leaders to verify the true intentions of multilateral lending institutions towards the continent. He asked African leaders to “audit the intentions of the World Bank loans to ensure that they are for prosperity rather than profiteering”. He added: “What loans are we getting as Africa? Is the World Bank giving us loans for private sector-led growth or to be more dependent?”

“Our populations are increasing, but our economies are stunted. The International Development Association (IDA) should tell us why they are funding the modern slavery of Africans, and we should address issues like why Africa is producing what it does not consume and consuming what it does not produce”, the Ugandan leader stated.

Interventions by multilateral bodies have remained controversial in some cycles although the bodies have claimed that poverty reduction is one of their objectives, but some studies have shown that IMF borrower countries experience higher rates of poverty. A 2022 research by Glen Biglaiser and  Ronald J. McGauvran which investigated the effects of IMF loan conditions on poverty using a sample of 81 developing countries from 1986 to 2016,  found that IMF loan arrangements containing structural reforms contribute to more people getting trapped in the poverty cycle, as the reforms involve deep and comprehensive changes that tend to raise unemployment, lower government revenue, increase costs of basic services, and restructure tax collection, pensions, and social security programmes.

Liberia enacts war crimes court; who should follow? 

Liberia’s President Joseph Boakai has signed an executive order to establish a war crimes court. Boakai granted his final approval and congratulated the lawmakers for their effort in the legislation. A special court was eventually ordered to be established to try those who were deemed to be at fault by the Truth and Reconciliation Committee.

Many atrocities, such as rape, massacres, and the use of child soldiers, occurred during the wars that lasted from 1989 to 2003. In their fight against rebels affiliated with the Liberians United for Reconciliation and Democracy (LURD), government forces in Liberia have been accused of war crimes as well as grave violations of human rights, such as the widespread rape of women and girls, the summary execution of numerous civilians, and the looting and burning of entire villages.

Without warning or predetermined protocol, hundreds of civilians were allegedly arbitrarily and forcibly conscripted and deployed to fight on the front lines, frequently with little to no military training. The LURD troops have also been alleged to have committed grave crimes such as rape, forced recruitment of civilians, including child soldiers, and summary killings of suspected government collaborators.

Activists and civil society organizations that have demanded greater justice for crimes committed during the conflicts that claimed the lives of almost 250,000 people have praised the initiative. Some in Liberia are against its development, arguing that it could weaken the amnesty law that was already in place and cause old grievances to resurface. This helped put a stop to the violence.

Most African countries have a shared history of civil wars and internal crises that have made calls for special courts to try war popular in the continent.  Nigeria, Rwanda, Ethiopia, Sudan, Congo DR have recorded thousands of deaths of civilians occurring in separate conflicts of armed groups. Some of those killings are also categorized as war crimes and crimes against humanity, with most cases unsolved and consequential agitations in cases for self-determination and secession by aggrieved section of the state, which account for the volatile nature of most African states.

Liberia’s template which has birthed a special war crimes court might be a direction to follow in states with these experiences, first to afford victims closure through justice and likely deterrent for likely war crime offenders but much still lies on the political will of the state to ensure justice despite the special court.

Scrabble for Niger as US accuses Russia over military base incursion

Despite remaining under military reign and retaining consequent pariah status in the international community, West African country, Niger Republic, appears to remain a toast for world powers as the United States and Russia had their latest confrontation over the country during the week. Russian military personnel have reportedly made their way into an American military air base in Niger, according to a senior US defence official cited by Reuters. This move follows the junta in Niger’s decision to expel American personnel.

Until a coup last year, the country had been a vital ally for Washington’s fight against insurgents who had killed hundreds of people and displaced millions more. Mali, Libya, Chad, the Central African Republic, and other nations on the continent have looked to Russia for security cooperation. Russian paramilitary soldiers have now landed in Niger, isolating the United States and compelling its 1,100 military personnel to leave the country for the next few months.

America will lose access to a vital military facility it needs to combat terrorist organizations like ISIS as a result of Russia’s increasing influence in Niger. To strike terrorist bases in the area, intelligence gathered from the U.S. drone base in Niger is crucial. In what global politics observers have labelled a “failed strategy” Cameron Hudson, a former intelligence officer for Africa at the CIA, referring to countries with coup governments in Africa noted that “when all of these countries kicked out the French and turned inward, we then tried to pivot to become the peacemaker in the hopes that we could keep our presence there.” “All of that is not working. We are now out. Russia is now in.”

According to US law, Washington is not allowed to give money to coup regimes like the one in Niger. However, in an attempt to eventually restore military and other financial support, American leaders have made an effort to retain diplomatic ties with those nations, many of which have abundant natural resources.

A few African leaders have praised Moscow’s participation, arguing that in situations where the United States is unable to offer prompt security support, Moscow can. Some have resisted American efforts for reform, arguing that the West has no right to preach democracy in Africa when it ignores comparable problems with its friends elsewhere in the world.

On Africa and long-distance race at the Olympic 

Ahead of the 2024 Summer Olympic Games in Paris, France, Athletics Kenya named their six-man team on Wednesday. The team consists of three men and three women, with one reserve on each side. The team is led by Hellen Obiri, Benson Kipruto, and Eliud Kipchoge, the reigning champions. A “killer squad” the team has been called by sports enthusiasts giving the track record of the East African country at long-distance races. Kenyan and regional neighbours Ethiopian athletes have dominated the middle- and long-distance sports since the 1968 Mexico City Olympics. They have also shown a similar level of dominance in international cross-country and road racing competitions.

Benson Kipruto, the winner of the Tokyo Marathon, and Alexander Mutiso, the winner of the London Marathon, are both picked in the final Kenyan Olympic team. Timothy Kiplagat, the runner-up in Tokyo, will be backup in case any of the three chosen athletes are unable to compete. As she travels to Paris in fine form, having set a new women’s only world record last month by winning the London Marathon, Jepchirchir will have an opportunity to defend her championship with the final team list.

Their success has attracted significant attention on a global scale and has been the focus of social, sporting, and even scholarly studies. Genetic predisposition, development of high maximal oxygen consumption as a result of extensive walking and running at an early age, and comparatively high haemoglobin and hematocrit were some of the factors identified by Randall L. Wilber and Yannis Pitsiladis.

Developing a good metabolic “economy/efficiency” based on somatotype and lower limb characteristics, having an advantageous oxidative enzyme profile and skeletal-muscle-fiber composition, living and training at altitude, following a traditional Kenyan/Ethiopian diet, and having the drive to succeed economically are additional factors. However, although the variety of physiological and anatomical explanations appear tenable for the dominance, no definitive advantage has been found through research as athletes from other parts of the world like Asia and North America with little or no features peculiar to East Africa have had considerable success in long-distance also.

East Africa will continue counting its medals with pride while the search continues.

Continue Reading

EDITOR’S PICK

VenturesNow6 hours ago

Nigeria’s Petroleum Regulator begins bidding round for 12 oil blocks

The Nigerian Upstream Petroleum Regulatory Commission has announced the start of the bidding process for 12 oil blocks recently put...

VenturesNow6 hours ago

Ecobank’s $183 million impairment losses highlight hazards in sovereign bonds

Ecobank, a pan-African banking group, has more than doubled its impairment losses on Ghana’s problematic Eurobonds to $183 million, highlighting...

Metro6 hours ago

Nigeria may need to raise supplementary budget to be able pay minimum wage— IMF

The International Monetary Fund (IMF) says the Nigerian government may need to raise a supplementary budget to be able to...

Politics6 hours ago

Niger’s Prime Minister claims Benin’s oil export blockage breaches accords

Niger’s Prime Minister, Ali Mahaman Lamine Zeine, has claimed that Benin’s suspension of Niger’s oil shipments, imposed in reaction to...

Tech22 hours ago

Cut to undersea cable causes internet disruptions across East, Southern Africa

Internet services across East and Southern Africa have suffered outages following undersea submarine cable cuts on Sunday. According to the...

Culture23 hours ago

Ghanaian rapper Sarkodie fires shots at Davido, Wizkid, Burna Boy, Asake in new single ‘Brag’

Ghanaian rapper, Michael Owusu Addo, popularly known as Sarkodie, has sparked a new round of storm after he fired shots...

Sports23 hours ago

Tobi Amusan sets world-leading time at Jamaica Athletics Invitational

World 100m hurdle record-holder, Tobi Amusan of Nigeria, was the cynosure of all eyes as she stole the show at...

Metro1 day ago

Aspiring journalist offers insights on media freedom and information access in Zambia

Ireen Mundia, a student journalist, has contributed to the discourse on media freedoms, drawing from her internship experience at Byta...

VenturesNow1 day ago

Nigeria’s antigraft body EFCC to team up with UK prosecutors in ex-minister Diezani’s $2.5bn fraud case

There were indications over the weekend that the Economic and Financial Crimes Commission (EFCC) intends to collaborate with UK prosecutors...

Metro1 day ago

Tinubu reportedly orders CBN to suspend unpopular cybersecurity levy after public outcry

President Bola Tinubu has reportedly mandated the Central Bank of Nigeria (CBN) to suspend the implementation of a controversial cybersecurity...

Trending