ECOWAS May Not Be Able To Meet Up With Single Currency Schedule – African News – African News Network | Latest African News | Nigerian News | Breaking News
Connect with us

African News

ECOWAS May Not Be Able To Meet Up With Single Currency Schedule

Published

on

ECOWAS May Not Be Able To Meet Up With Single Currency Schedule

It appears the Economic Community of West African States, ECOWAS, will be unable to launch a single currency for West African countries by its original 2020 schedule.

ECOWAS Chairman, Geoffrey Onyeama, says that date would be a challenge to meet.

Speaking to reporters at the end of the 54th ordinary session of Heads of State in Abuja on saturday, Onyeama told journalists necessary criteria for archieving the single currency have not been meet by the region. To make this a reality, Chairman Onyeama, also Nigeria’s foreign minister, said the region’s governors of central banks, finance ministers and experts are working together to make this a reality.

READ:  DR Congo Prepares For Presidential Elections

Although the convergence currency idea is not moving forward as expected, ECOWAS commission president, Jean-Claude Brou, said good progress has been mde in efforts aimed at free movement of persons in the region through the use of ECOWAS biometric identity card which has been adopted by three countries. Of fully adopted by other ECOWAS countries, Brou says it will promote security and would improve the chances of  achieving a single currency.

READ:  Sudanese President, Al-Bashir Vows Not To step Down

African News

African Summit Gives Sudan Military Three Months To Implement Reforms

Published

on

By

African Summit Gives Sudan Military Three Months To Implement Reforms

African leaders have agreed, at a meeting in Cairo on Tuesday, to give Sudan’s ruling military council three months to implement democratic reforms, and a quick restoration of the constitutional system through a political process, amid pressure for a handover of power to civilians.

READ:  At Least 23 Die In Weekend Of Ethiopia Ethnic Violence

The decision extends a 15-day deadline set by the African Union last week for Sudan’s Transitional Military Council (TMC) to hand over power or be suspended from the A.U. TMC took over after president Omar Al-Bashir was ousted earlier this month.

READ:  Madagascar Facing Its Largest Measles Outbreak

The TMC has been under pressure from demonstrators to hand power to civilians immediately.

Egypt`s Abdul Fatah Al Sisi, who holds the rotating African Union presidency, said at the end of the summit in Cairo, they have agreed on the need to give more time to Sudanese authorities and Sudanese parties to implement required measures.

READ:  Broken Record: 23 Presidential Candidates Contest In Zimbabwe Elections

Continue Reading

African News

Mozambican Authorities Warn Of A Possible Tropical Storm Hit

Published

on

By

Mozambican Authorities Warn Of A Possible Tropical Storm Hit

Mozambican authorities have warned of a tropical storm that could hit the country this week, just one month after cyclone Idai ravaged the nation. The next organized tropical cyclone, to be named Kenneth could also affect Tanzania.

READ:  Ethiopian Airlines Grounds Its Boeing 737 MAX 8 Fleet Until Further Notice

The National Institute for Disaster Management’s spokesman, Paulo Tomás says, they will keep abreast of the evolution of the weather system.

Last month, cyclone Idai killed at least 960 people in parts of Mozambique, Malawi and Zimbabwe, leaving some 3 million people in need of humanitarian assistance.

READ:  Lagos Begins Demolition Of Defective Buildings On Lagos Island

Continue Reading

African News

Egypt Voters Approve Referendum Extending President’s Rule

Published

on

By

Egypt Voters Approve Referendum Extending President's Rule

Egypt’s election commission has announced, 88% of voters had approved changes to the constitution that could allow president Abdul Fattah Al-Sisi stay in power until 2030. The amendments would also give the president new powers over the judiciary.

The commission says, voter turnout during the three-day referendum was nearly 44 and a half percent and almost 90 percent approved the amendments while 11.17 percent voted no.

READ:  Sudanese President, Al-Bashir Vows Not To step Down

The amendments will extend Sisi’s current term to six years from four and allow him to run again for a third six-year term in 2024 and to appoint one or more vice presidents.

READ:  Broken Record: 23 Presidential Candidates Contest In Zimbabwe Elections

His critics questioned the credibility of the turnout figure announced and are asking how can a constitution be changed to fit one person.

Sisi’s supporters say he has stabilized Egypt and needs more time to reform and develop the economy.

READ:  Ethiopian Airlines Grounds Its Boeing 737 MAX 8 Fleet Until Further Notice

After the announcement was made, Al-Sisi sent the message quote “I am your god.”

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: