ECA Urges African Countries To Sign Luxembourg Protocol – African News – African News Network | Latest African News | Nigerian News | Breaking News
Connect with us

African News

ECA Urges African Countries To Sign Luxembourg Protocol

Published

on

ECA Urges African Countries To Sign Luxembourg Protocol

Economic Commission for Africa has urged African countries to sign the Luxembourg protocol, which was adopted in 2007. The commission says this would create a new global legal regime for securing credits, facilitating more and cheaper asset-based financing of railway equipment without state support.

READ:  Zimbabwean Army Pledge Not To Influence Elections

Chief of industrialization and infrastructure at ECA, Soteri Gatera, says railways are the key to open and free trade across Africa, and their development is critical to the continent’s sustainable development agenda.

READ:  Cash-strapped Sudan To Form Leaner New Government In Two Days

In a presentation at PIDA week 2018 in Victoria Falls, Zimbabwe, Gatera stated that Africa badly needs an integrated railway network as its roads cannot contain the growing strain from trucks transporting goods across the continent.

READ:  Mugabe Still A Factor In Zimbabwe Election

Gatera says ratifying the protocol would remove significant budgetary constraints from states.

The protocol is expected to be in force in contracting states by late next year.

African News

Prime Minister And Cabinet Members Resign In Burkina Faso

Published

on

By

Prime Minister And Cabinet Members Resign In Burkina Faso

The cabinet of Burkina Faso President, Roch Marc Kabore, has resigned according to a statement released on national television by the country’s president.

Prime Minister Paul Kaba Thieba, a former economist, had held the position since January 2016 when he was nominated by President Roch Marc Christian Kabore. Kabore accepted the resignations and said, a new government is to be form as soon as possible while no explanation was given for there resignation.

The government  is faced growing pressure over a rise in the number of kidnappings and attacks. The country lies in the heart of the vast Sahel region, which is struggling with a bloody Islamist insurgency.

Canadian Edith Blais, 34, and her Italian partner Luca Tacchetto, 30, have been missing since mid-December, and late Wednesday a Canadian geologist kidnapped by suspected jihadists was found dead at a remote gold mine in the northeast.

READ:  Mugabe Still A Factor In Zimbabwe Election
Continue Reading

African News

Breaking: Court Grants Dino Melaye Bail On Health Ground

Published

on

By

Dino Melaye Granted Bail On Health Condition

Senator Dino Melaye has been granted bail by a High Court in Maitama, Abuja. Justice Yusuf Halilu granted bail to Melaye on health ground. Halilu was of the view that the Senator must be healthy to stand trial.

READ:  US Orders Its Citizens To Leave DR Congo

The ruling was granted after an application by Melaye’s lawyer, Mike Ozekhome (SAN). The senator is currently being held in a police health facility in Abuja.

READ:  Zimbabwe President Votes In Historic Election

As terms for his bail, the defendant is expected to produce three sureties, one of whom must be the Clerk of the National Assembly.

The judge said the other two sureties must be owners of properties within the Abuja metropolis.

READ:  Nelson Chamisa 'Is Not The Answer To Zim's Economic Challenges' - Govt

Continue Reading

African News

Ghana: Undercover Reporter Cries Out Over Death Threats

Published

on

By

Ghana: Undercover Reporter Cries Out Over Death Threats

Ghanaian undercover reporter Anas Aremeyaw Anas has said, his team face death threats on a daily basis. He was speaking after his colleague Ahmed Hussein-Suale was shot dead while driving home, after a politician called for retribution against him.

READ:  Mnangagwa Hails 'New Beginning' After Zimbabwe Election Win

Reports say Ahmed Hussein-Suale was near his home in Madina Suburb on Wednesday when two men on a motorbike pulled up next to his car and shot him at close range.

READ:  Cash-strapped Sudan To Form Leaner New Government In Two Days

The journalist died instantly after being shot twice in the chest and in the neck.

He was an investigative journalist with tiger eye private investigations, run by Anas. Hussein had exposed Ghana’s soccer corruption that led to the head of the Ghana Football Association resignation.

READ:  Egypt Says Plane Hijacker Extradited From Cyprus

Continue Reading

Trending

Subscribe to ANN News Alert

Be the first to receive the latest news from Africa and around the world.

%d bloggers like this: