Foreign

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Niger Republic: US praises Nigeria, ECOWAS for “shared efforts”

Washington, Aug. 12, 2023 – Antony Blinken, the U.S. Secretary of State, has commended Nigeria’s President Bola Tinubu and the Economic Community of West African States (ECOWAS) for their role in checkmating Niger’s military leadership and restoring constitutional order in Niger Republic. In a post on his private handle on X, (Twitter), Blinken praised Tinubu’s leadership of ECOWAS in what he described as shared efforts with the U.S. to remove the military leaders in Niger from power. Blinken had tweeted: “Spoke to Nigerian President Tinubu to commend his leadership of …

Argentina devalues currency

Buenos Aires (Argentina), Aug. 15, 2023 – Argentina’s government devalued its currency by nearly 18 per cent on Monday while the benchmark interest rate was raised by 21 percentage points to 118 per cent, the central bank said, as financial markets reeled the day after a shock primary election result. Congressman Javier Milei, a far-right libertarian, who wants to axe the central bank and dollarize the economy, shook up the presidential election on Sunday, winning 30 per cent of the vote, the largest share with over 97 per cent of ballots counted. …

Credit rating agencies affirm Afreximbank’s ratings of A/A2 and A-, “Stable” Outlook 

Cairo, Aug. 15, 2023 – GCR Ratings (GCR) has affirmed Afreximbank’s international scale long and short-term issuer ratings of A and A2 respectively.   It cited its assessment of the Bank’s strong Preferred Creditor Treatment (PCT) track record in its member countries, as well as the Bank’s growing systemic relevance to the continent.   The ratings also reflect Afreximbank’s strong capitalisation, sound risk position and robust liquidity.   Further to GCR’s ratings, Japan Credit Rating Agency, Ltd. (JCR) has also affirmed the Bank’s Long-Term Issuer Rating at A- with “Stable” outlook, …

Nigerian embassy in Niger not burnt – official

Niamey (Niger), Aug. 12, 2022 – The Nigerian embassy in the Niger Republic has denied reports that the embassy was set on fire by irate demonstrators in Niamey, Niger Republic. Liti Auwalu the Nigerian Ambassador to Niger Republic, said this in a statement of Saturday. The statement said that in spite of the demonstrators’ attempts to enter the embassy, the situation was controlled by the Nigerien military and police and the mission was well-guarded. “It has been brought to our notice that fake videos showing the torching of the Chancery …

Afreximbank, DR partner to support access of African brands into China

Cairo, Aug. 11, 2023 – The African Export-Import Bank (Afreximbank) and international consultants, Development Reimagined (DR) have entered into a partnership to promote the entry and sale of high-end sustainable African brands in China. The partnership is in continuation of their strategy to assist African businesses to increase their international presence.   The partnership, which includes a grant from Afreximbank, has seen Africa Reimagined (AR), a flagship programme created and managed by DR, introducing high-end value-added Made-in-Africa goods from such sectors as fashion, skincare and beverages to China. The AR team …

ECOWAS still mulls high-risk military option in Niger

By Paul Ejime Abuja, Aug. 11, 2023 – Regional leaders ended their second emergency summit on Niger in Abuja on Thursday 10th August, by “ordering the deployment of the ECOWAS Standby Force to restore constitutional order in Niger,” where the military deposed elected President Mohamed Bazoum in a coup on 26th of July. In the summit communique read by the ECOWAS Commission President Dr Oumar Alieu Touray, the Authority of Heads of State and Government also “directs the Committee of the Chiefs of Defence Staff to activate the ECOWAS Standby …

ECOWAS Resolution: If we don’t do it, no one else will do it for us -Tinubu

 Abuja, Aug. 10, 2023 – President Bola Tinubu says the Economic Community of West African States (ECOWAS) is committed to return of democracy to Niger Republic. Tinubu said this in his closing remarks at the second ECOWAS extraordinary summit held in Abuja on Thursday. The issue at the meeting was the seizure of an elected government by a military coup which ousted a democratically elected government of President Mohamed Bazoum. ECOWAS in its resolution decided to deploy its standby military troops immediately to restore constitutional government in Niger. “We have …

10 leaders attend 2nd ECOWAS Extraordinary Summit on Niger coup

Abuja, Aug. 10, 2023 – Presidents of 10 West African countries are attending the second extraordinary summit of ECOWAS on Niger coup being held today in Abuja. Those in attendance are President Bola Tinubu, the ECOWAS Chairman and President of Nigeria, President Julius Maada Bio of Sierra Leone, President. Umaro Mokhtar Sissoco of Guinea Bissau and President Everiste Ndayishimiye of Burundi. Others are President Alassane Ouattara of Cote d’Ivoire, President Mohamed Ould Ghazouani of Mauritania, President Nana Akofo-Ado of Ghana, President Macky Sall of Senegal, President Patrice Talon of Benin …

Niger’s ousted president is running low on food under house arrest

Niamey, Niger, Aug. 9, 2023 – Niger’s deposed president is running out of food and under increasingly dire conditions two weeks after he was ousted in a military coup and put under house arrest, an adviser said Wednesday. The U.S. State Department expressed deep concern about the “deteriorating conditions” of his detention. President Mohamed Bazoum, the West African nation’s democratically elected leader, has been held at the presidential palace in Niamey with his wife and son since mutinous soldiers moved against him on July 26. The family is living without …

World Bank stops new loans to Uganda

Lagos, Aug. 9, 2023 – The World Bank has halted approval for new public finance projects in Uganda over the country’s adoption earlier this year of a widely criticised bill criminalising same-sex conduct. “Uganda’s Anti-Homosexuality Act fundamentally contradicts the World Bank Group’s values,” the development lender said in a statement Tuesday, adding that “no new public financing,” would be presented to the bank’s board of directors for approval for the time being The move comes after pressure from human rights organizations and members of the US Congress to take a …


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