Archive for: November, 2019

Nearly two million Cameroonians face humanitarian emergency: UNICEF

In Geneva, UN Children’s Fund (UNICEF) spokesperson, Marixie Mercado, explained that almost a million children were affected in the West African nation, which until a few years ago was among the most settled and peaceful in the region. Insecurity – and to a lesser degree, extremely poor road access – have left around 65 per […]

South Africa has three months to defend investment grade rating

PRINESHA NAIDOO South Africa is fighting to preserve its last remaining investment-grade credit rating and avert a forced selloff of billions of rand of its debt after Moody’s Investors Service gave it just over three months to get its finances in order. The ratings company cut the outlook of the nation’s Baa3 foreignand local-currency assessments, […]

How Will China React to Uganda’s Looming Debt Crisis?

Uganda is heading toward a debt crisis. According to a senior official at the Bank of Uganda, unless the country is able to sustain a growth rate of at least 7 percent—which economic projections show Uganda will not do—the country will default on its payments. As is the case for many African countries, China is […]

Africa to become ‘land of opportunity’ if US & China strike trade deal – Bank of America

The long-awaited trade agreement between the United States and China would turn the African continent into a land of opportunity for bond and equity investors. That’s according to Bank of America (BofA) strategists David Hauner and Claudio Irigoyen. They wrote in a client note seen by Bloomberg: “ At a minimum, we think the removal […]

Stunning Senegal baobab forest being swallowed by mining

One hour’s drive from Senegal’s capital Dakar, demand for cement is turning a protected baobab forest into a lifeless moonscape of open mines, dust clouds and lorry traffic. The bulbous trees are a national symbol in Senegal, where locals have long prized their many uses — from tea brewing to ropemaking. But a construction boom […]

H.E. Dr. Arikana Chihombori-Quao Urges Africans to Speak Up

KOFI AYIM The immediate past Ambassador of the African Union to the U.S., Her Excellency Dr. Arikana Chihombori-Quao, has tasked Africans with getting rid of their colonial mentality and demystifying their mindsets in order to forge ahead for economic emancipation. She argued that the psychological mind game Europeans played on the psyche of Africans, which […]

ROPAA to be implemented for 2020 Ghana elections

KOFI AYIM Dr. Bossman E. Asare, Deputy Chairman, Corporate Services of Ghana’s Electoral Commission (EC), has assured Ghanaians living outside Ghana that the EC has no choice but to forge ahead and implement the Representation of the People Amendment Act (ROPAA)- passed by Ghana’s Parliament on February 24, 2006, for Ghana’s 2020 elections. Article 699 […]

The African Union Capitulates to French Interest

In October 2017, the African Union (AU) appointed the Zimbabwean Arikana Chihombori-Quao, MD, as the second African Union Ambassador to the United State. She succeeded the Tanzanian Her Excellency Ambassador Amina Salum Ali who inaugurated the AU head office in Washington, DC. in 2007. The AU Ambassador collectively represents Africa’s interest in North America. Surprisingly, […]

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