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Afreximbank approves $1b for African trade

Afreximbank approves $1b for African trade

July 9, 2019 12:41 am

African Export-Import Bank (Afreximbank), has instituted a $1billion Agreement for the African Continental Free Trade Area (AfCFTA) Adjustment Facility to enable countries adjust in an orderly manner to sudden tariff revenue losses as a result of the implementation of the AfCFTA.

Afreximbank President, Prof. Benedict Oramah, who addressed the 12th Extraordinary Summit of African Union (AU) Heads of State, announced a series of initiatives to support the implementation of AfCFTA, yesterday in Niamey, Niger.

“This facility will help countries to accelerate the ratification of the AfCFTA,” he said, telling the heads of state that, by starting the operational phase of …

African leaders launch free-trade zone

African leaders launch free-trade zone

July 8, 2019 12:16 am

African leaders launched a continental free-trade zone on Sunday that if successful would unite 1.3 billion people, create a $3.4 trillion economic bloc and usher in a new era of development.

After four years of talks, an agreement to form a 55-nation trade bloc was reached in March, paving the way for Sunday’s African Union summit in Niger where Ghana was announced as the host of the trade zone’s future headquarters and discussions were held on how exactly the bloc will operate.

It is hoped that the African Continental Free Trade Area (AfCFTA) – the largest since the creation of …

Jonathan emerges Chairman of African Union's ISCP

Jonathan emerges Chairman of African Union’s ISCP

June 8, 2019 6:59 am

Former President Goodluck Jonathan has emerged as the Chairman of the African Union’s International Summit Council for Peace (ISCP).

Jonathan also urged AU to set minimum acceptable standards for appointing the leadership of electoral commissions as a means of building citizen confidence and ensuring credibility of elections on the continent.

The former President spoke on Friday at the International Leadership Conference in Johannesburg, South Africa, where he emerged as the chairperson of the newly inaugurated ISCP, a body made up of mainly African former Presidents and ex-Heads of State.

The two-day conference tagged ‘Africa Summit and Leaders Conference 2019’ has …

African filmmaker Mati Diop shines at Cannes Film Festival

African filmmaker Mati Diop shines at Cannes Film Festival

May 27, 2019 1:31 am

Mati Diop, French-Senegalese actress and director, has become the first black female director to win an award in Cannes Film Festival’s  72-year history.

News Agency of Nigeria(NAN) reports that Diop took home the Grand Prix , equivalent of a silver prize, for her film  ‘Atlantics’, a Senegalese drama about sexual politics among young migrants.

The Grand Prix award,  bestowed by the jury of the festival on one of the competing feature films, is the second-most prestigious prize of the festival after the Palme d’Or.

The 36-year-old however said she was a “little sad” to make history as the …

Nigerian Senate to spend ₦5.5b on official cars for members

48 African CSOs urge Senate for tobacco control regulations

May 23, 2019 10:30 am

Forty-eight groups on the platform of the Africa Tobacco Control Civil Society Organisations have written to the Nigerian Senate asking it to adopt strong Tobacco Control Regulations to protect the present and future generation of Nigerians from the dire health and socio-economic consequences of tobacco use.

In a letter dated May 21, 2019, the groups said that the adoption of the Regulations is critical for effective implementation of the National Tobacco Control Act 2015, provides Nigeria the unique opportunity to align with the requirements of the World Health Organisation- Framework Convention on Tobacco Control (WHO-FCTC), and demonstrate its global leadership …

ILO begins €28m project in five African countries

May 4, 2019 11:09 am

The International Labour Organisation (ILO) has begun a 28-million-euro project, sponsored by the Netherlands, to accelerate the fight against child labour in Nigeria and four other African countries.

This was announced by the Ambassador of Netherlands to Nigeria, Marion Kappeyne van de Coppello, on the side line of a two-day workshop on the project in Abuja on Friday.

The project, Acceleration of Action in the Elimination of Child Labour in Supply Chains in Africa (ACCEL), was also being carried out in Mali, Malawi, Cote d’Ivoire, Egypt and Uganda.

The ambassador  said the project was a long term one which focused …

‘The strength of African women’s beauty influence my work’

April 12, 2019 11:57 pm
Akinwumi Osunkoya is a Nigerian Visual Artist and a graduate of the New York Film Academy in New York, United States. In this interview with SEGUN OLANIYI, he bares his mind on how the strength of African women’s beauty influences his photography skills.

Tell us about yourself?
Akinwumi Osunkoya is a visual artist. A lover of women especially African women; I love the beauty and the strength of African women and that is really what has been a major influencer of my work. It’s the strength of African women and I feel like many times, African women have been underplayed

…

No South African bailout for Zimbabwe after Ramaphosa visit

March 12, 2019 8:22 pm

South African President Cyril Ramaphosa concluded a much-anticipated visit to Zimbabwe on Tuesday, dashing any lingering hopes that his country would bail out its economically-troubled neighbour.

Ramaphosa commended the new administration of Emmerson Mnangagwa for its bid to revive the economy and promised to explore a number of options of financial help.

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𝐀𝐟𝐫𝐢𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐍𝐞𝐰𝐬, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤, is a nonpartisan online news portal founded on the truth to provide you with weekly, insightful articles written with precision and current updates on current events from Africa in particular and the rest of the world in general. All of our reports undergo extensive fact-checking to ensure their veracity, and we adhere strictly to the facts, no matter whose ox is gored.

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