Month December 2024

Privinvest Loses Bid in Mozambique ‘tuna bond’ Scandal

THE London High Court has denied shipbuilder Privinvest permission to appeal against Mozambique’s victory in a landmark case over the infamous ‘tuna bond’ scandal. The ruling upholds a judgment awarding Mozambique more than $825 million in damages and an indemnity covering…

China’s Zero-tariff Policy: Africa Targets Export Growth

CHINA has implemented a sweeping zero-tariff trade policy for 33 African least-developed countries (LDCs), allowing duty-free access for exports to its markets. While the move could strengthen economic ties, experts caution that its impact may be limited unless African nations…

Ethiopia Targets China to Boost Coffee Export Growth

ETHIOPIA is intensifying its push to capture a larger share of the rapidly growing Chinese coffee market, which has emerged as one of the top 10 importers of Ethiopian coffee. Officials from the Ethiopian Coffee and Tea Authority (ECTA) highlighted…

Tanzania President Pardons 1,548 Prisoners for Independence Day

TANZANIA’S President Samia Suluhu Hassan granted clemency to 1,548 prisoners on Monday in honour of the Mainland’s 63rd Independence Day. This compassionate gesture, aimed at promoting unity and nation-building, underscores the country’s values of justice and reconciliation. Of those pardoned,…

French Court Fines Author for Rwandan Genocide Denial

A PARIS court has found French-Cameroonian author Charles Onana guilty of downplaying the 1994 Rwandan genocide, marking a pivotal moment in Europe’s fight against genocide denial. Onana, 60, and his publisher Damien Serieyx of Éditions du Toucan, were penalised under…

President Tinubu Appoints New Acting Accountant General of Federation

  PRESIDENT Bola Tinubu has appointed Shamseldeen Babatunde Ogunjimi as the Acting Accountant General of the Federation, AGF. Ogunjimi’s appointment takes immediate effect following the pre-retirement leave of the incumbent AGF, Dr Oluwatoyin Sakirat Madein. In announcing Madein’s successor, President…

Reps Seek Increase in DIA Budgetary Provision

  THE House of Representatives Committee on Defence has called for an increase in the budget allocation for the Defence Intelligence Agency, DIA. Committee Chairman Hon. Babajimi Benson expressed surprise that the DIA receives the smallest budget compared to the…