By Eleanor Whitehead The International Finance Corporation is set to launch its first naira-denominated bond. The International Finance Corporation will issue a five-year naira-denominated bond aimed to deepen Nigeria’s non-sovereign debt market. The private sector arm of the World Bank winds up investor meetings in Abuja and Lagos today, and will auction the paper “imminently”, […]
Jan 25 2013 | Posted in
African News |
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The United Nations International Children’s Fund (UNICEF) and the World Health Organisation (WHO) says despite significant and encouraging declines in open defecation since 1990, 1.1 billion people (15 per cent of the world’s population) still practice it. The majority of people practicing open defecation estimated at 949 million live in rural areas, according to a […]
Jan 25 2013 | Posted in
Environment |
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By Blake Evans-Pritchard Although the United States remains outside the International Criminal Court, ICC, it is increasingly showing support for the court, and more generally for international efforts to bring the perpetrators of atrocities to justice. Over the past 12 months, the US government has ratcheted up efforts to catch Ugandan rebel leader Joseph Kony, […]
Jan 25 2013 | Posted in
African News |
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By Walter Menya Plan to give existing African court powers to handle international-scale crimes come under scrutiny as skeptics question whether it could be independent and sustainable. Ahead of an African Union summit in Addis Ababa this week, legal experts are urging caution over plans to expand the jurisdiction of the African Court on Human […]
Jan 25 2013 | Posted in
African News |
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President Goodluck Jonathan yesterday described the Islamic terror group, Boko Haram, as a threat not only to Nigeria, but also to the entire African continent and called for international efforts to curb its activities. Jonathan, while fielding questions on a CNN program, Amanpour, from the World Economic Forum, Davos said the sect was not fuelled […]
Jan 25 2013 | Posted in
African News |
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The Supreme Court has granted the National Democratic Congress’ (NDC) application to be joined in the petition by the New Patriotic Party (NPP) in which the opposition is questioning the integrity of the December 7 polls. This ostensibly opens the way for the substantive matter to be heard by the Court. The nine-member bench presided […]
Jan 23 2013 | Posted in
Breaking News |
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President Obama called Wednesday for a new and tougher assault-weapons ban and a 10-round limit on magazines, as part of a comprehensive plan to curb gun violence that includes 23 steps he would take without congressional action. Already facing stiff opposition from gun-rights advocates and Republican lawmakers, the president called on Congress to pass several […]
Jan 16 2013 | Posted in
Breaking News |
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By Prof. George Ayittey The situation in Ghana is infuriating. In Africa, we take one step forward and then three steps back. Same problems, same rituals and the repetition of the same foolish mistakes in one country after another. We touted Kenya as a “bastion of stability” in the East African region; then after the […]
Jan 15 2013 | Posted in
Features |
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By Edgar Angumya Uganda is the biggest recipient of illicit financial flows in East Africa, according to data from the Global Financial Integrity (GFI). The report places Uganda at position 66, with close to $680m of illicit money. Tanzania comes second in the region with about $333m, landing at the 86th position. Meanwhile, Rwanda and […]
Jan 15 2013 | Posted in
Business |
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The Mayor of Addis Ababa, Kuma Demeksa and the Mayor of New Delhi, Meera Aggarwal, have signed a twinning agreement to establish sister-city relationships between Addis Ababa and New Delhi. The agreement was signed in New Delhi during a visit by Mayor Kuma Demeksa to the city. The agreement will enable the two cities to […]
Jan 15 2013 | Posted in
Business |
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