The Singularity
Pro
What other tribe is associated with Central Province?
And yes, Ruto is next.
Essential The Africa the Media Doesn't Tell You About
- Thread starter TommyHilltrigga
- Start date
And yes, Ruto is next.
The Odum of Ala Igbo
Hail Biafra!
What other tribe is associated with Central Province?
And yes, Ruto is next.
Why do you dislike Kenyans from the Rift Valley so much?
The Singularity
Pro
WTF.. I always talk about the rift-valley in a positive light. I constantly say both central and the rift-valley are the economic drivers of the nation. You are confusing the Rift-valley with Western Kenya
Rift-valley nikkas are O.G, got mad respect for them.
The Odum of Ala Igbo
Hail Biafra!
WTF.. I always talk about the rift-valley in a positive light. I constantly say both central and the rift-valley are the economic drivers of the nation. You are confusing the Rift-valley with Western Kenya
Rift-valley nikkas are O.G, got mad respect for them.
What's Western Kenya and what's Rift Valley? (in terms of counties)
Frangala
All Star
Equatorial Guinea president dissolves govt by decree
04/02 - 12:33
Equatorial Guinea’s president Teodoro Obiang Nguema has dissolved his government, including the powers of the prime minister and his three deputies, according to a decree read out on state television on Saturday.
The country went to the polls for legislative, senatorial and municipal elections of November 12, last year.
“Making use of the powers bestowed on me by the fundamental law, I put an end to the functions of the prime minister in charge of administrative coordination, of his deputy prime ministers and the rest of the members of the government… and I thank you for the services provided,” said the decree, which was dated Friday.
The ruling Democratic Party of Equatorial Guinea (PDGE) maintained its firm grip on power at the November elections, widely criticised by the opposition as fraudulent.
The ruling party won 99 of the parliament’s 100 seats, while the main opposition party, Citizens for Innovation, won the remaining seat and said it had been subjected to a major crackdown, with scores of its people arrested.
The dissolved government team was formed in June 2016 after the presidential elections of April 24, 2016, won by the current president with 93.7 percent of the vote.
The new government team is expected to be announced in the coming days.
Obiang, 75, seized power in the small former Spanish colony in 1979 and has faced a string of coup attempts during nearly four decades in office.
Critics accuse him of brutal repression of opponents as well as election fraud and corruption.
Equatorial Guinea has become one of sub-Saharan Africa’s biggest oil producers, but a large proportion of its 1.2 million population lives in poverty.
AFP
Equatorial Guinea president dissolves govt by decree
04/02 - 12:33
Equatorial Guinea’s president Teodoro Obiang Nguema has dissolved his government, including the powers of the prime minister and his three deputies, according to a decree read out on state television on Saturday.
The country went to the polls for legislative, senatorial and municipal elections of November 12, last year.
“Making use of the powers bestowed on me by the fundamental law, I put an end to the functions of the prime minister in charge of administrative coordination, of his deputy prime ministers and the rest of the members of the government… and I thank you for the services provided,” said the decree, which was dated Friday.
The ruling Democratic Party of Equatorial Guinea (PDGE) maintained its firm grip on power at the November elections, widely criticised by the opposition as fraudulent.
The ruling party won 99 of the parliament’s 100 seats, while the main opposition party, Citizens for Innovation, won the remaining seat and said it had been subjected to a major crackdown, with scores of its people arrested.
The dissolved government team was formed in June 2016 after the presidential elections of April 24, 2016, won by the current president with 93.7 percent of the vote.
The new government team is expected to be announced in the coming days.
Obiang, 75, seized power in the small former Spanish colony in 1979 and has faced a string of coup attempts during nearly four decades in office.
Critics accuse him of brutal repression of opponents as well as election fraud and corruption.
Equatorial Guinea has become one of sub-Saharan Africa’s biggest oil producers, but a large proportion of its 1.2 million population lives in poverty.
AFP
Equatorial Guinea president dissolves govt by decree
Britain to add Nigeria's naira to list of accepted trade currencies
10/02 - 15:00
The naira will become one of three West African currencies that UK Export Finance has pre-approved for its programme of funding transactions that promote trade with Britain, it said.
Britain voted in 2016 to leave the European Union, which has forced London to rethink its trade ties with the rest of the world. The United Kingdom and the EU struck an agreement in December that opened the way for talks on future trade ties.
“This is a clear indication of how much value the UK places on its relationship with Nigeria,” Paul Arkwright, the British High Commissioner to Nigeria, said in the UK’s credit agency statement. “It will provide a firm foundation for a significant increase in trade and investment between both countries.”
The statement said the UK will provide up to 85 percent of funding for projects containing at least 20 percent British content.
The naira financing will follow the same structure as a someone buying in sterling, except that Nigerian firms taking out a loan in the local currency can benefit from a UK government-backed guarantee.
Analysts welcomed the impact of the financing option on the local currency. But they said it might increase Nigeria’s liability as trades mature for settlement and questioned the rate at which funds would be disbursed, since local interest rates are in high double-digits.
Bismark Rewane, head of Lagos-based consultancy Financial Derivatives said the financing deal with the UK would help local importers buy British goods. They had struggled to get foreign exchange at the peak of Nigeria’s currency crisis.
Severe dollar shortages in Nigeria in 2016 caused by lower oil prices forced the central bank to allow the naira to float, after which it lost third of its official value. The naira has since traded within a range supported by the central bank on the interbank market.
“If I buy a Rover, the British government is now guaranteeing that I can pay in naira, so the foreign exchange risk has been shifted from me to the Nigerian government,” Rewane said.
“If the Central Bank of Nigeria is unable to remit funds to the UK, then the liability will be on Nigeria.”
Britain to add Nigeria's naira to list of accepted trade currencies
10/02 - 15:00
The naira will become one of three West African currencies that UK Export Finance has pre-approved for its programme of funding transactions that promote trade with Britain, it said.
Britain voted in 2016 to leave the European Union, which has forced London to rethink its trade ties with the rest of the world. The United Kingdom and the EU struck an agreement in December that opened the way for talks on future trade ties.
“This is a clear indication of how much value the UK places on its relationship with Nigeria,” Paul Arkwright, the British High Commissioner to Nigeria, said in the UK’s credit agency statement. “It will provide a firm foundation for a significant increase in trade and investment between both countries.”
The statement said the UK will provide up to 85 percent of funding for projects containing at least 20 percent British content.
The naira financing will follow the same structure as a someone buying in sterling, except that Nigerian firms taking out a loan in the local currency can benefit from a UK government-backed guarantee.
Analysts welcomed the impact of the financing option on the local currency. But they said it might increase Nigeria’s liability as trades mature for settlement and questioned the rate at which funds would be disbursed, since local interest rates are in high double-digits.
Bismark Rewane, head of Lagos-based consultancy Financial Derivatives said the financing deal with the UK would help local importers buy British goods. They had struggled to get foreign exchange at the peak of Nigeria’s currency crisis.
Severe dollar shortages in Nigeria in 2016 caused by lower oil prices forced the central bank to allow the naira to float, after which it lost third of its official value. The naira has since traded within a range supported by the central bank on the interbank market.
“If I buy a Rover, the British government is now guaranteeing that I can pay in naira, so the foreign exchange risk has been shifted from me to the Nigerian government,” Rewane said.
“If the Central Bank of Nigeria is unable to remit funds to the UK, then the liability will be on Nigeria.”
Britain to add Nigeria's naira to list of accepted trade currencies
Important...
Ian Khama, Emmerson Mnangagwa set to ‘fix strained relations’ as they meet in Botswana
Ian Khama, Emmerson Mnangagwa set to 'fix strained relations' as they meet in Botswana | TODAY.NG
Ian Khama, Emmerson Mnangagwa set to ‘fix strained relations’ as they meet in Botswana
Ian Khama, Emmerson Mnangagwa set to 'fix strained relations' as they meet in Botswana | TODAY.NG
Frangala
All Star
South African President Jacob Zuma has reportedly been given 48 hours to resign
President Jacob ZumaMUJAHID SAFODIEN/AFP/Getty Images
- 4h
- 2,090
- South Africa's ruling party has reportedly ordered President Jacob Zuma to resign.
- After an eight hour meeting on Monday, Deputy President Cyril Rampahosa told Zuma to resign or face being ordered out of his role.
- Zuma has been a controversial president since taking office in 2009 and has faced multiple corruption claims and eight no-confidence votes which he has overcome.
- The ANC has been losing support and will face another election in 2019
Fastest-Growing African Economy Is Even Bigger Than It Seems
Fastest-Growing African Economy Is Even Bigger Than It Seems
By
Moses Mozart Dzawu
February 12, 2018, 10:23 AM EST Updated on February 13, 2018, 1:24 AM EST
The West African nation will remeasure economic output using 2013 prices instead of 2006 and the basket of activities used to value the economy is being expanded due to new industries that have formed since 2006, Asuo Afram, head of economic statistics at the Ghana Statistical Service, said by phone.
The agency will release the revised GDP and economic growth figures for 2014 to 2017 on May 23 and the data points to a bigger economy than previously estimated, Afram said, declining to give a number because the calculations haven’t been finalized.
Oil Output
The $45-billion economy is the seventh biggest in sub-Saharan Africa and will probably expand 8.3 percent this year, the fastest growth rate on the continent, according to World Bank projections, on increased oil output and stronger credit growth. That’s after growth slumped to a more than two-decade low of 3.5 percent in 2016.
“We have discovered new activities in the areas of oil and gas, information and communication technology, construction and education,” Afram said. “While oil and gas activity was part of recent estimates, the data has improved and also downstream activity has expanded. In ICT, voice used to dominate, but these days there is a lot of data use. Information on household economic activity has also improved.”
The statistical service revised GDP upwards by 75 percent in 2010, the last time it recalculated figures, and then moved the base year to 2006 from 1993. Nigeria, Kenya and Tanzania all revised their GDP data in 2014, resulting in increases of between 25 percent and 75 percent in the sizes of those economies.
A bigger GDP figure will mean that Ghana’s key macroeconomic indicators, such as the budget and current-account deficits and the debt ratio, come out lower than previously estimated. The nation’s fiscal shortfall exceeded 10 percent of GDP between 2012 and 2014, pushing up debt and sending the cedi into freefall. The country turned to the International Monetary Fund for an almost $1 billion bailout in 2015 and has negotiated an extension of the program until the end of this year.
Fastest-Growing African Economy Is Even Bigger Than It Seems
By
Moses Mozart Dzawu
February 12, 2018, 10:23 AM EST Updated on February 13, 2018, 1:24 AM EST
- New estimates for Ghana GDP to be released on May 23: Afram
- Statistics agency to publish new inflation data series
The West African nation will remeasure economic output using 2013 prices instead of 2006 and the basket of activities used to value the economy is being expanded due to new industries that have formed since 2006, Asuo Afram, head of economic statistics at the Ghana Statistical Service, said by phone.
The agency will release the revised GDP and economic growth figures for 2014 to 2017 on May 23 and the data points to a bigger economy than previously estimated, Afram said, declining to give a number because the calculations haven’t been finalized.
Oil Output
The $45-billion economy is the seventh biggest in sub-Saharan Africa and will probably expand 8.3 percent this year, the fastest growth rate on the continent, according to World Bank projections, on increased oil output and stronger credit growth. That’s after growth slumped to a more than two-decade low of 3.5 percent in 2016.
“We have discovered new activities in the areas of oil and gas, information and communication technology, construction and education,” Afram said. “While oil and gas activity was part of recent estimates, the data has improved and also downstream activity has expanded. In ICT, voice used to dominate, but these days there is a lot of data use. Information on household economic activity has also improved.”
The statistical service revised GDP upwards by 75 percent in 2010, the last time it recalculated figures, and then moved the base year to 2006 from 1993. Nigeria, Kenya and Tanzania all revised their GDP data in 2014, resulting in increases of between 25 percent and 75 percent in the sizes of those economies.
A bigger GDP figure will mean that Ghana’s key macroeconomic indicators, such as the budget and current-account deficits and the debt ratio, come out lower than previously estimated. The nation’s fiscal shortfall exceeded 10 percent of GDP between 2012 and 2014, pushing up debt and sending the cedi into freefall. The country turned to the International Monetary Fund for an almost $1 billion bailout in 2015 and has negotiated an extension of the program until the end of this year.
shyt getting real...
South Africa's ANC To Support No-Confidence Motion Against Zuma
South Africa's ANC To Support No-Confidence Motion Against Zuma
South Africa's ANC To Support No-Confidence Motion Against Zuma
South Africa's ANC To Support No-Confidence Motion Against Zuma
The Odum of Ala Igbo
Hail Biafra!
Embarrassing RAMAPHOSA gave him an easy way out
First Mugabe and now this clown. Man the future is HOPEFULLY looking bright for the Southern African region. That region is ALREADY more stable than any other African region.
RAMAPHOSA gave him an easy way out
The Odum of Ala Igbo
Hail Biafra!
https://www.cnn.com/2018/02/14/africa/jacob-zuma-guptas-south-africa-intl/index.html
Y'all know Thabo Mbeki is somewhere smiling like
Y'all know Thabo Mbeki is somewhere smiling like