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BURKINA FOILS 'UMPTEENTH' COUP
Yet another coup has been foiled in Burkina Faso. Its military leaders say ‘outside’ commandos planned to topple President Traore. They also alleged soldiers and activists in the country were involved and had received foreign funding.
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Yet another coup has been foiled in Burkina Faso. Its military leaders say ‘outside’ commandos planned to topple President Traore. They also alleged soldiers and activists in the country were involved and had received foreign funding.
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In the run-up to Nigeria’s 2023 elections, then-candidate and now-president Ahmed Bola Tinubu promised the halt the rapid depreciation of the country’s currency.
However, nearly one year down the line, Tinubu’s promise rings hollow, as the naira has continued to shed value against major convertible currencies.
On 26th January, the naira hit a record low of ₦1,421 per USD on the (thinly traded) official market - before recovering to ₦891.
The Nigerian currency has been in free fall since 2014, despite concerted efforts by the current and previous administrations to stabilise it.
The volatility of the naira has led to the emergence of a parallel black market, where it’s traded for over ₦1,000 per USD since late 2023, while the official exchange rate pegged it at around ₦800.
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However, nearly one year down the line, Tinubu’s promise rings hollow, as the naira has continued to shed value against major convertible currencies.
On 26th January, the naira hit a record low of ₦1,421 per USD on the (thinly traded) official market - before recovering to ₦891.
The Nigerian currency has been in free fall since 2014, despite concerted efforts by the current and previous administrations to stabilise it.
The volatility of the naira has led to the emergence of a parallel black market, where it’s traded for over ₦1,000 per USD since late 2023, while the official exchange rate pegged it at around ₦800.
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PLO LUMUMBA-TO TRAVEL OR NOT TO TRAVEL?
Last year, Kenyan President William Ruto was accused of globetrotting on the people’s backs, with expenditures rising by 113 per cent from the previous fiscal year, according to reports.
And, now, Nigeria’s new president, Bola Ahmed Tinubu, has come under fire for exceeding a whole year’s travel budget in just six months. This comes as Nigeria’s coffers run short.
In January’s news wrap, we asked Professor PLO Lumumba about the exorbitant use of resources. The Pan-Africanist scholar had much to say.
What do you make of these expenditures? Hit us up in the comments.
Last year, Kenyan President William Ruto was accused of globetrotting on the people’s backs, with expenditures rising by 113 per cent from the previous fiscal year, according to reports.
And, now, Nigeria’s new president, Bola Ahmed Tinubu, has come under fire for exceeding a whole year’s travel budget in just six months. This comes as Nigeria’s coffers run short.
In January’s news wrap, we asked Professor PLO Lumumba about the exorbitant use of resources. The Pan-Africanist scholar had much to say.
What do you make of these expenditures? Hit us up in the comments.
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TOUCHGOWN! AFRICAN FASHION STORMS NFL
African players in the NFL don’t just stand out on the field of play. They’re turning heads off it with eye-catching traditional clothing. Loud and proud they arrive at games in robes, hats and jewellery, representing tribes and cultures from all over their continent.
Among them are Jeremiah Owusu-Koramoah and Basil Chijioke 'C. J.' Okoye of the Cleveland Browns and Los Angeles Chargers. And If the trend spreads, American football could have quite an influx of colour. Last year there were over 125 players of African descent on the NFL roster.
Just goes to show, African culture is never out of place anywhere!!! Watch this and tell us which outfit is your favourite.
African players in the NFL don’t just stand out on the field of play. They’re turning heads off it with eye-catching traditional clothing. Loud and proud they arrive at games in robes, hats and jewellery, representing tribes and cultures from all over their continent.
Among them are Jeremiah Owusu-Koramoah and Basil Chijioke 'C. J.' Okoye of the Cleveland Browns and Los Angeles Chargers. And If the trend spreads, American football could have quite an influx of colour. Last year there were over 125 players of African descent on the NFL roster.
Just goes to show, African culture is never out of place anywhere!!! Watch this and tell us which outfit is your favourite.
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UGANDA ‘DISOWNS’ ICJ JUDGE
The Ugandan government has distanced itself from a dissenting position taken by a Ugandan judge, who sits on the International Court of Justice (ICJ).
Julia Sebutinde voted against all of the measures that the 17-member ICJ panel adopted 15-2 on 26 January. They ordered Israel to implement measures to prevent genocide against Palestinians in the Gaza Strip.
Her decision shocked many and provoked ire across Africa, forcing the Ugandan government to clarify on 27 January that the judge’s position did not reflect the small, landlocked country.
Uganda had hosted the Non-Aligned Movement’s 19-20 January summit, where members called for an immediate ceasefire and entry of humanitarian aid, among other measures. Thus far, Israel has killed more than 26,000 Palestinians in the besieged enclave.
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The Ugandan government has distanced itself from a dissenting position taken by a Ugandan judge, who sits on the International Court of Justice (ICJ).
Julia Sebutinde voted against all of the measures that the 17-member ICJ panel adopted 15-2 on 26 January. They ordered Israel to implement measures to prevent genocide against Palestinians in the Gaza Strip.
Her decision shocked many and provoked ire across Africa, forcing the Ugandan government to clarify on 27 January that the judge’s position did not reflect the small, landlocked country.
Uganda had hosted the Non-Aligned Movement’s 19-20 January summit, where members called for an immediate ceasefire and entry of humanitarian aid, among other measures. Thus far, Israel has killed more than 26,000 Palestinians in the besieged enclave.
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GENOCIDE AGAINST AFRO-BRAZILIANS?
Brazil has been thought of as a ‘melting pot’ in a tropical paradise. However, new data has led some to say a genocide is being committed against Afro-Brazilians. Making matters worse is mainstream and alternative media outlets don’t cover this phenomenon, according to people on the ground.
What are your thoughts? Let us know below.
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Brazil has been thought of as a ‘melting pot’ in a tropical paradise. However, new data has led some to say a genocide is being committed against Afro-Brazilians. Making matters worse is mainstream and alternative media outlets don’t cover this phenomenon, according to people on the ground.
What are your thoughts? Let us know below.
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NIGERIEN MINING PERMIT FREEZE
Nigerien President Abdourahamane Tiani has called for a freeze on all ongoing mining permits, following the reported seizure of $99 million of gold that had made its way to Addis Ababa Bole International Airport in Ethiopia.
The stash was reportedly en route to Dubai. Subsequently, 82 Nigerien agents stationed at Diori Hamani International Airport in Niamey were reassigned as an investigation proceeds.
How could this much gold exit Niger’s main airport, without detection? Let us know what you think.
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Nigerien President Abdourahamane Tiani has called for a freeze on all ongoing mining permits, following the reported seizure of $99 million of gold that had made its way to Addis Ababa Bole International Airport in Ethiopia.
The stash was reportedly en route to Dubai. Subsequently, 82 Nigerien agents stationed at Diori Hamani International Airport in Niamey were reassigned as an investigation proceeds.
How could this much gold exit Niger’s main airport, without detection? Let us know what you think.
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CAR FOLLOWS PATH OF SAHELIAN STATES
The rapid geopolitical alignment of Burkina Faso, Mali and Niger always grabs headlines. However, there’s another country taking a similar path that’s going under the radar. The Central African Republic’s also booted out French troops amid accusations Paris is funding rebel groups to destabilise the region. And the resource-rich country, also seems to be turning towards Russia as a strategic partner. Will joining the Sahelian Alliance be next?
Thoughts welcome.
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The rapid geopolitical alignment of Burkina Faso, Mali and Niger always grabs headlines. However, there’s another country taking a similar path that’s going under the radar. The Central African Republic’s also booted out French troops amid accusations Paris is funding rebel groups to destabilise the region. And the resource-rich country, also seems to be turning towards Russia as a strategic partner. Will joining the Sahelian Alliance be next?
Thoughts welcome.
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From the end of formal colonialism to the present, France has exercised military and economic domination over much of West and Central Africa. However, the past two years have given way to incredible changes, as the Central African Republic as well as Sahelian states Mali, Burkina Faso and Niger have fully expelled French troops and put an end to French military operations on their soil. Nevertheless, the French military remains active in five other countries which continue to be close allies with the European state.
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WHY GHANA FEARS PAN-AFRICANISTS
What happens when you try to hold a pan-African convention on Kwame Nkrumah square in Ghana’s capital on Constitution Day? Simple answer, it gets cancelled by the government two hours before it’s due to start, over claims there’s been a double booking.
Most of us reckon that excuse is BS, including pan-African scholar, PLO Lumumba, who was due to speak at the event in Accra earlier this month. He gave us the lowdown on why Ghanaian authorities feared the gathering of some of Africa’s brightest minds and felt they had to stop it.
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What happens when you try to hold a pan-African convention on Kwame Nkrumah square in Ghana’s capital on Constitution Day? Simple answer, it gets cancelled by the government two hours before it’s due to start, over claims there’s been a double booking.
Most of us reckon that excuse is BS, including pan-African scholar, PLO Lumumba, who was due to speak at the event in Accra earlier this month. He gave us the lowdown on why Ghanaian authorities feared the gathering of some of Africa’s brightest minds and felt they had to stop it.
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At a time when other African nations are pushing for greater control of their minerals, Nigeria is going in the opposite direction: its government has announced that investors (who are likely going to be foreign) will be offered a 75 per cent stake in a new corporation that will oversee the transformation of the country’s mining industry - to be called the Nigeria Solid Minerals Corp.
According to Solid Minerals Minister Dele Alake, the creation of the venture is part of Abuja’s efforts to increase the contribution of the mining industry to the national economy. Despite its vast potential, mining currently only adds a meagre one per cent to the country’s gross domestic product (GDP).
According to Solid Minerals Minister Dele Alake, the creation of the venture is part of Abuja’s efforts to increase the contribution of the mining industry to the national economy. Despite its vast potential, mining currently only adds a meagre one per cent to the country’s gross domestic product (GDP).
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Continued….This lacklustre performance has been attributed to the current disorganisation of the mining sector, which is dominated by artisanal miners who lack the necessary equipment and government support to mine profitably.
It’s hoped that the proposed corporation will solve some of these challenges. However, critics say that the government should have taken a lead role in the transformation of the sector - instead of leaving it to the private sector, which is mainly profit-driven.
What are your thoughts on this?
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It’s hoped that the proposed corporation will solve some of these challenges. However, critics say that the government should have taken a lead role in the transformation of the sector - instead of leaving it to the private sector, which is mainly profit-driven.
What are your thoughts on this?
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