International Monetary Fund (IMF) decision to bailout the Republic of Congo (Brazzaville) this week is expected to allocate around $2 billion in funding from the African Development Bank (AfDB), Reuters news agency reports, referring to its sources.
Following two years of negotiations, the IMF’s executive board approved a three year programme worth nearly $449 million for Congo, an OPEC member suffering a setback by a 2014 crash in crude prices.
An International Monetary Fund (IMF) mission led by Alex Segura-Ubiergo visited Brazzaville to hold discussions toward a possible arrangement under the Extended Credit Facility (ECF). As a result the proposed ECF-supported program aims to help the Republic of Congo restore macroeconomic stability and achieve higher and more inclusive growth. In particular, the program seeks to restore debt sustainability and targets a wide range of reforms to improve governance, reduce corruption, and achieve greater transparency and efficiency in the management of public resources, especially in the oil sector.
Mali’s council of ministers has sacked Sidy Alassane Toure. the governor of Mopti region, after armed group killed dozens of people in the latest eruption of ethnic violence, it informed in a statement on Sobane Da village massacre. (Image: illustration Mopti view).
Unindentified attackers believed to belong to the Fulani ethnic group raided a Dogon village near town Bankass, killing 35 people, according to the government, although a local authority maintains the real figure is 95 deaths. Neither has produced evidence for these tolls.
The government also declared three days of national mourning in the official annoucement.
“Drawing lessons from this tragedy, the council of ministers dismissed the Mopti region’s governor,” the council announced via an issued statement. Sidy Alassane Toure was the latest government official to lose his job as a result of authorities’ failure to contain spiraling ethnic violence around Mopti.
Malians have grown increasingly critical of failures of Keita‘s government to protect them from both ethnic violence and armed radical groups affiliated to al-Qaeda and the ISIS terrorists.
President Muhammadu Buhari (76) has sworn for a second term to lead Nigeria, struggling with a sluggish economy, a growing threat of radical Islam insurgency, and expanding extreme poverty.
Buhari won 56% of votes in presidential election in February after promising to end conflict in the northeast, extend welfare programs and launch growth with infrastructure constructions. Creation of jobs and reduction of the extreme poverty (87 million) remain the most challenging tasks for the second Buhari’s mandate.
Fighting with the radical Islam militants of Boko Haram and other groups affiliated to Al-Qaida attempting to reconstruct Sokoto Caliphate, has been the ultimate challenge for Buhari since his first mandate. In spite of the considerable efforts, the insurgency did not show any sings of fatigue.
The violence in the northwest has forced 20,000 refugees to flee to neighboring Niger.
According to the UN latest report, Nigeria has overtaken India as the country with the most extreme poor people in the world. The struggle to lift more citizens out of extreme poverty is an indictment on successive Nigerian governments which have mismanaged the country’s vast oil riches through incompetence and corruption.
A British woman and a Nigerian man were shot dead, and three others were abducted by kidnappers.
Police and the British High Commission have named the woman as Faye Mooney (29), and said they were aware of an incident which took place at a holiday resort on April 19, but would not speculate on a motive.
Late Ms.Mooney was working in Nigeria as a communications specialist for aid group Mercy Corps and was one of 12 tourists travelling to the northern city of Kaduna from Lagos, police said. She worked in the country for nearly two years, had been attending a party before the incident, police added.
“I want the government and people of the United Kingdom to know that these atrocious actions do not reflect Nigeria’s national character” former Vice President, Atiku Abubakar said.
“I condemn the killing of British aid worker, Faye Mooney, and her Nigerian partner, Mathew Oguche two days ago in Kaduna State. Several other Nigerians were kidnapped during the episode”.
“These killings must end or Nigeria will lose desperately needed friends, partners and investors” the politician warned.
Incumbent Nigeria President Muhammadu Buhari (76) and his main opponent, businessman Atiku Abubakar (72) cast their ballots in presidential election voting after a week’s delay. The two candidates lead among more than 70 challengers.
The voting has started with an episode, animating social networks with a video depicting President Buhari checking his wife’s choice of the candidate.
Out of 84 million registered voters, 72.775 million Nigerians will be able to cast their ballots.
The materials include 707,892 ballot boxes and voting cubicles have been supplied. “We have accredited 120 domestic and 36 international observer groups, deploying accumulative number of 73,000 observers“, the Independent National Electoral Commission reported.
While casting his vote Atiku Abubakar said he would accept the elections outcome.
Nigeria’s Kaduna State toll of victims has risen to 130 people, the state governor said, adding that the motive appeared to be ethnic.
Governor Nasir el-Rufai told correspondents that police were investigating the gunmen’s motive. The attack came the day before a presidential election was planned to be held, but electoral authorities delayed it by one week due to various logistic problem.
However nothing indicated that the attack was related to the election.
Mallam Nasir El-Rufai – a poweful ally of Nigeria’s President Muhammadu Buhari warned “people from overseas” who sought to intervene in the country’s election to be held in little over a week would go back in “body bags“.
“We are waiting for the persons who will come and intervene. They will go back in body bags because nobody will come to Nigeria and tell us how to run our country,” said El-Rufai.
The governor of the northern state of Kaduna, Nasir El-Rufai made the comments during a discussion programme on the Nigerian Television Authority when the subject of the international community’s role in elections was raised. It followed after an international reaction in support of a suspended Nigeria’s top judge.
“We have got that independence and we are trying to run our country as decently as possible,” El-Rufai added.
The talk about the role of foreign countries in elections was raised on the programme in which reference was made to concerns expressed by the European Union, the United States and the United Kingdom over the suspension of Walter Onnoghen over allegedly breaching asset-declaration rules.