Author: Abdoulaye Kay

ASHENEWS reports experts confirming that Zambia needs capacity-building and policy guidelines to stimulate the green market, especially as the country strives to reposition itself as a preferred global green investment hub. By Alfonso Kasongo As highlighted in the Capital Market Master Plan (CMMP), which aims to objectively develop new and innovative capital market products that integrate sustainability, experts also confirm that the growth of the green finance market in the country has been slow. On December 5, 2023, the Copperbelt Energy Corporation (CEC) group announced the registration of the first green bond with the Securities and Exchange Commission on the…

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ASHENEWS reports that Kebbi State Governor, Nasir Idris, has donated N50 million to Command Science Secondary School, Girls, Goru. Idris announced the donation at the graduation ceremony of the school this Saturday. He explained that the gesture was necessary to assist the institution in tackling its immediate problems, paving the way for effective learning in a conducive environment for students and teachers. After assessing the infrastructure in the Command school, the Kebbi Governor informed the school authorities that his administration would offer a helping hand in refurbishing some of the structures. He made it clear that educational matters were a…

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Former Vice President Atiku Abubakar has faulted the removal of Senator Ali Ndume as the Chief Whip of the Nigerian Senate. Ndume, the lawmaker representing Borno South in the National Assembly, was on Wednesday sacked as the Chief Whip, Ali Ndume, for criticising President Bola Tinubu’s administration. He was replaced by Tahir Monguno (Borno North). In a statement on Thursday, Atiku criticized the leadership of the Senate for the removal, branding the upper chamber as President Tinubu’s puppet. “This ugly tendency is being manifested by the steady posturing of our National Assembly, especially the Senate, of taking a reverse course in its…

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About 1,500 drought-hit smallholder farmers in three districts in Zambia are targeted for information sharing on how nature-based solutions can transform the country’s food systems into resilient and inclusive policies. By Alfonso Kasongo This is to promote biodiversity, climate change adaptation, and resilience, as well as improve livelihoods in Sibuynji, Chirundu, and Chikankata districts of Zambia. Recently, Zambia, like many other countries in the Southern African Development Community (SADC) region, experienced El Niño weather conditions that caused severe drought, leading to nearly 100 percent crop failure in 84 of the country’s 116 districts. Community Technology Development Trust (CTDT)-Zambia, a non-profit…

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The Central Bank of Nigeria (CBN) may spend up to $110.81 million to sell foreign exchange (FX) to eligible Bureau De Change (BDCs) this year.  With at least five FX sales to BDCs so far, it is expected that this amount will be expended if all the approved 1,583 BDC operators buy from the apex bank. This is according to all the circulars released by the CBN regarding the sales of FX to BDCs. Based on the circulars, a total of $70,000 has been offered on sale to BDCs between February and July 2024. After a prolonged period of suspension of…

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Namibia said Friday it had declined a visa extension to a Ugandan king visiting for medical treatment after rumours he had been abducted sparked protests that put at risk Namibian diplomatic staff abroad. Bugandan King Ronald Muwenda Mutebi II was granted a 90-day visa upon arrival in April on a private medical visit, the Ministry of Home Affairs said. But some of his supporters alleged that the Namibian and Ugandan governments had conspired to abduct him, it said. The “unscrupulous subjects” organised demonstrations at Namibian embassies abroad to demand Mutebi’s release, the ministry said. “This did not only put at…

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