finance minister

New UK Finance Minister Faults, Disagrees With PM’s Agenda

October 15, 2022 7:58 pm

Fresh reports reaching the desk of Africa Daily News, New York has revealed that Britain’s new finance minister, Jeremy Hunt has on Saturday put out a series of serious warning about the looming tax hikes as he admitted to “mistakes” which had been made in a disastrous budget that still threatens to bring down Prime Minister Liz Truss.

“Truss fights for survival,” The Times newspaper headlined a day after she had forced the chancellor of the exchequer Kwasi Kwarteng to carry the can for market turmoil which had been sparked by their budget on September 23.

Read Also: Britain Pound

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Britain Pound Sinks As PM Liz Truss Fires Finance Minister

October 14, 2022 8:40 pm

More woes are in line for the economic future of the United Kingdom as the pound had nose dived against the dollar on Friday which is coming on the heels of the British Prime Minister, Liz Truss sacking her finance minister, Kwasi Kwarteng in response to a budget that sparked markets chaos.

The Pound Sterling had reportedly sank 1.2 percent to $1.1188 after Prime Minister Liz Truss had finally dismissed the chancellor of the exchequer and it has been seen that the yield on the 10-year UK government bond dipped to 3.98 percent. It had hit 4.64 percent Tuesday amid …

UK Lists Finance Minister, Rishi Sunak As One Of Wealthiest

May 21, 2022 1:31 pm

In glam and funfare news coming from Britain, the United Kindgdom Finance minister, Rishi Sunak and his wife Akshata Murthy have been included in a “Rich List” of the 250 wealthiest British residents published by The Times.

Sunak’s inclusion is largely a result of his wife’s wealth, but comes at a politically difficult time for the man in charge of Britain’s budget as he faces pressure to increase support for households struggling with soaring energy bills and food prices.

The couple entered The Sunday Times UK Rich List at number 222 with a reported net worth of 730 million pounds …

COVID-19 - Okonjo-Iweala Gets WHO’s Appointment

WTO: France, Germany, 104 Other Countries Back Okonjo-Iweala

October 27, 2020 3:26 pm

The 27 European Union member states have backed Nigeria’s former finance minister, Ngozi Okonjo-Iweala, in her bid to become the first African and first female director-general of the World Trade Organisation.

The EU member states are France, Germany, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech, Denmark, Estonia, Finland, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.

The latest support for Okonjo-Iweala’s candidacy brings the number of countries officially endorsing her to 106 out of the 164 states that comprise the WTO.

Read Also: Okonjo-Iweala Breaks Silence On #EndSARS Protests

The 55-member …

Sudan Peace Will Cost $7.5 Billion – Finance Minister

October 11, 2020 3:24 pm

Sudan’s landmark peace deal with rebels that seeks to end decades of war will cost $7.5 billion, the finance minister has said — a vast sum for the poverty-stricken nation.

Under the October 3 deal between Khartoum and a coalition of rebel groups, the government pledged to fund major development projects in areas ruined by years of war, including in the western Darfur region.

“The implementation of the peace plan requires at least $7.5 billion over 10 years,” Heba Mohamed Ali Ahmed said, according to Sudanese media reports on Friday.

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COVID-19: Okonjo-Iweala Gets WHO’s Appointment

April 25, 2020 7:25 am

Nigeria’s former finance minister, Dr Ngozi Okonjo-Iweala was named by the World Health Organisation (WHO) as its Special Envoy for the newly inaugurated Access to COVID-19 Tools (ACT) Accelerator.

The News Agency of Nigeria (NAN) reports that she is to serve alongside British business executive, Sir Andrew Witty in the same capacity, to mobilise international commitment to the initiative.

Director-General of the organisation, Dr. Tedros Ghebreyesus, made the announcement during the launch of the ACT Accelerator — via webinar from Geneva.