Prof Kevin Urama, Chief Economist and Vice President, Economic Governance and Knowledge Management, African Development Bank (AfDB), says the continent needs 74 billion dollars in 2024 for debt service. Urama disclosed this at the launch of the Debt Management Forum for Africa (DeMFA) and its innaugural policy dialogue on Monday in Abuja. The theme of…
Vice-President Kashim Shettima is scheduled to hold a bilateral meeting with the Chairman, Islamic Development Bank (IsDB) Group, Dr Muhammad-Sulaiman Al-Jasser, in Jeddah, Saudi Arabia, on Dec. 20. This is contained in a statement on Monday by Mr Stanley Nkwocha, Senior Special Assistant to the President on Media & Communications, Office of the Vice President….
Ghana’s president-elect, John Dramani Mahama, has pledged to revamp the cocoa sector and reorganise the state-run regulator, aiming to stimulate growth and improve efficiency in the world’s second-largest cocoa producer. In an interview with Reuters on Friday, he criticised the cocoa industry structure where the cocoa marketing board (COCOBOD) competes with farmers for profits. “Can…
World Trade Organisation (WTO) members agreed on Monday to hold the next ministerial conference in Cameroon in early 2026, it said in a statement. The WTO holds such conferences every two years where trade ministers from around the globe gather to try to reach deals to set or update new trade rules. The statement indicated…
South Korea’s law enforcement authorities on Monday summoned impeached President Yoon Suk Yeol for questioning over charges of insurrection and abuse of power related to his failed attempt to impose martial law. The joint investigation team, consisting of the police, the Corruption Investigation Office for High-ranking Officials, and the defence ministry’s investigation unit, said it…
European Union foreign ministers plan to meet in Brussels on Monday to discuss recent developments in Syria and Georgia also wars in Ukraine and the Middle East as well as the political situation in Belarus. Ministers are set to adopt the 15th round of new sanctions on Russia since its full-scale invasion of Ukraine in…
The authority of ECOWAS heads of state and government on Sunday set Jan. 29, 2025 to July 29, 2025 as a transitional period to keep ECOWAS doors open to Burkina Faso, Republic of Mali and the Republic of Niger. Dr Omar Touray, President of the ECOWAS Commission, said this while reading the Communique at the…
President Bola Tinubu has urged West African leaders to draw inspiration from Ghana’s recent peaceful elections as a model of democratic maturity and commitment to national unity. The President said this during the opening of the 66th Ordinary Session of ECOWAS on Sunday in Abuja. He lauded President Nana Akufo-Addo and the people of Ghana…
Finnish authorities have taken significant action against Simon Ekpa, a controversial pro-Biafra agitator, by freezing his assets amid allegations of involvement in terrorist activities. According to a report from a Finnish newspaper, the Keskusrikospoliisi (KRP), or the National Bureau of Investigation, has frozen not only Mr. Ekpa’s assets but also those belonging to several other…
Kemi Badenoch, the often-controversial leader of the British Conservative Party, recently candidly shared her thoughts on faith in an interview with The Free Press, a prominent US media outlet. In a moment that has since sparked widespread discussion, she revealed a significant shift in her belief system, stating, “I don’t believe in God anymore.” However,…
