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African Debt Holes Are Proving Hard To Escape
The latest deadlock in Zambia’s protracted restructuring is a blow to hopes the Group of 20’s Common Framework was finally producing results. It bodes ill for other nations, like Ghana, that aren’t as far down the road of negotiation. Both…
Fact-Checking: The Story, “Polaris Bank Loses N26bn Loans Granted To Six Ex-directors Without…
A report being syndicated by a section of online media with the title: Polaris Bank loses N26bn loans granted to 6 ex-directors without collaterals, made several claims in figures, interpretations, and practices.
Claim 1. POLARIS…
The Dangers In The Deal Between Putin & Kim
It was like a scene from the cold war. Kim Jong Un, North Korea’s leader, stepped off his luxurious bulletproof train this week having crossed into Russia’s Far East, to be greeted by a military brass brand and whisked off to meet Vladimir…
In Just 100 Days Nigeria’s New President Has Made Bold Reforms
In a hair salon in Lagos, Nigeria’s commercial capital, an argument breaks out over the new president’s performance. “He’s just starting,” says a young man. His barber is less forgiving. “Is that not what they told us about Buhari? The…
Chaos Giving Way To Huge Wealth In The New Middle East
If you thought the Middle East was stagnant, think again. The Gulf economies are among the richest and most vibrant on the planet, helped by a Brent crude oil price that rose back to over $90 per barrel this week. The Economist reports that…
Africa Needs More Than $100 Billion A Year For Climate Adaptation, Study Shows
Africa may need an almost tenfold increase in climate adaptation funding to $100 billion a year if it’s to buttress its infrastructure, improve weather early warning systems and shield its agriculture from climate change, the Global Center…
Oligopolies Curb Nigeria’s Efforts To Tame Inflation, Study Says
Reforms are needed in Nigeria to increase competition and reduce the ability of large and dominant firms to dictate the cost of goods and services in Africa’s most populous nation, a central bank official said.
The low level of…
Wagner Routinely Targets Civilians In Africa
Yevgeny prigozhin, the leader of the Wagner mercenary group, is notorious for how he died: his private jet fell from the sky on August 23rd, many presume due to orders from Vladimir Putin, Russia’s president. Wagner is also notorious for…
Europe’s Economy Looks To Be Heading For Trouble
Europe’s summer was a strange mixture of heavy rainfall and wildfires. The continent’s economy was also plagued by extremes. Inflation remained hot: prices rose by 5.3% in August compared with a year earlier. And officials are increasingly…
How To Get The Most Out Of Mentoring
Gandalf from “The Lord of the Rings”, Yoda in “Star Wars” and M in Ian Fleming’s early James Bond novels all act as mentors, providing sage advice and guidance to the less worldly-wise. In real life, as in fiction, the value of imparting…