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Mnangagwa Defends “Painful” Economic Reforms

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Mnangagwa Defends "Painful" Economic Reforms

Zimbabwean President, Emmerson Mnangagwa, has defended what he called painful economic reforms. He says the policies are necessary to get the country out of economic stagnation. He said, “yes, the medicine is harsh, but the patient requires it in order to live”.

Mnangagwa says his administration has identified privatisation of state institutions, broadening of the tax base and fighting corruption as key to turning the economy around.

He also defended a two percent levy imposed on electronic transactions which make up around ninety-six percent of all financial transactions. He said, that will enable them to reduce the budget deficit.

He highlighted increasing output in gold mines and privatisation of the agriculture sector as some of the positive developments in Zimbabwe since he came to power.

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African News

Sudan’s President Visits Damascus For The First Time

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Sudan's President Visits Damascus For The First Time

For the first time, an Arab leader, Sudan’s president, Omar al-Bashir, has visited Damascus since the Syrian war began eight years ago.

He was received in the capital by Syrian president, Bashar al-Assad. The two leaders are said to have discussed relations and issues of common interest to Arab countries.

Al-Bashir is reported to have expressed the hope at their meeting that Syria will soon regain its leading role in the region.  He is also said to have promised his country’s support to protect Syria’s territorial integrity.

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Ghana Opens First Round Of Bidding For Exploratory Licenses

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Ghana Opens First Round Of Bidding For Exploratory Licenses

President Nana Akufo-Addo announced the opening of the country’s first open and competitive round of bidding for energy exploration licenses, with three offshore blocks being offered. Previously, Ghana had awarded leases through a closed negotiation process.

All of the blocks are located in ghana’s central basin. To undertake the exploration and extraction.

Bidders have to show financial capacity and technical expertise and present a timetable for their exploration and development program.

President Akufo-Addo also announced a review of all licensing agreements covering blocks that were inactive, where concession holders had not undertaken the required exploratory or development work.

This move could see a number of blocks re-enter the market, either through competitive bidding or direct negotiations, generating further interest in the upstream component of the industry from both independent operators and major players.

Although the development of these offshore sites will require significant investment, rising international oil prices could well justify the expense.

Development of major offshore oilfields is set to boost export earnings and stimulate investment inflows.

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Namibia National Council Chairperson Tasks MPs On Safe Driving

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Namibia National Council Chairperson Tasks MPs On Safe Driving

As the Namibian National Council adjourned for the holidays on Thursday, chairperson margaret mensah-williams gave an unusual advise to members of parliament. She asked them to take the lead by being safe drivers and obey traffic rules.  She especially harped on obeying speed limits.

She referred to some highways in the country that have historically recorded high numbers of accidents, some of which had involved members of parliament.  One of such fatal accidents recently occurred on the country’s b-one highway.

Mensah-williams advised everyone to be responsible drivers this holiday season, asking drivers to be more patient on the roads.  She said it is unacceptable that road accidents have become the leading causes of death in the country.

She warns against drinking and driving and gender-based violence, appealing to namibians not to rape, kill or abuse their partners and children in anyway whatsoever.

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