Africa: World Bank Enables Foreign Aid Theft

[ad_1] Kuala Lumpur, — World Bank aid encourages governments to enable illicit financial outflows to offshore tax havens by reducing capital controls, thus draining precious foreign exchange and government resources. Aiding elite wealth Aid disbursements to highly aid-dependent countries coincide with sharp increases in bank deposits in offshore financial centres known for banking secrecy and private wealth management. Using Bank for International Settlements (BIS) data, Jørgen Juel Andersen, Niels Johannesen and Bob Rijkers found trends suggesting wealth accumulation abroad by […]

January 18, 2024 1

Africa

Africa: How Do You Break the Mould Around International Aid? Try Genuine Trust

[ad_1] Nairobi — In search of a model beyond trickle-down aid. At an upscale hotel in a leafy Nairobi suburb, amid the hustle of an international development forum's lunch break, I overheard a jarring declaration from the buffet line: "Somali organisations are just cash fronts for warlords, from my experience," the European woman said to her companion. I wasn't particularly shocked. As the director of a Somali NGO, Iftiin Foundation, I have been hearing some version of this statement - […]

January 18, 2024 2

Africa

Africa: Special Envoy for the Horn of Africa Hammer Travels to Uganda and Ethiopia

[ad_1] HomeOffice of the SpokespersonPress Releases...Special Envoy for the Horn of Africa Hammer Travels to Uganda and Ethiopia hide Special Envoy for the Horn of Africa Hammer Travels to Uganda and Ethiopia U.S. Special Envoy for the Horn of Africa Mike Hammer will travel to Kampala and Addis Ababa January 17-24. In Kampala, Ambassador Hammer will attend the 42nd Extraordinary Summit of the Inter-Governmental Authority on Development (IGAD) Assembly Heads of State and Government, focused on the ongoing situation between […]

January 18, 2024 2

Japan

Japan inks deal to buy 400 long-range missiles from U.S.

[ad_1] Japan signed a deal with its ally the United States on Thursday to buy 400 long-range Tomahawk missiles as it ramps up its military capacity to counter regional security threats. Faced with growing Chinese military clout and a nuclear-armed North Korea, the Japanese government plans to double its defense spending to the NATO standard of 2% of GDP by 2027. A sale of up to $2.35 billion (¥348 billion) […]

January 18, 2024 1

Africa

Afcon: From Accra to Abidjan, 14 hours to see Ghana’s Black Stars

[ad_1] Are these Ghana’s biggest football fans?Nana Adusei, a female mechanic, and a group of Black Star fans drove 14 hours to watch Ghana’s opening game at the Africa Cup of Nations in Ivory Coast. They travelled from Accra to Abidjan for the game versus Cape Verde.It may have been a loss for the Black Stars, but it was a win for the Wave The Flag movement. Nana set up […]

January 18, 2024 2

Entertainment

Nigeria: Breach of Contract – Court Dismisses Davido’s Preliminary Objection

[ad_1] A Delta State High Court sitting in Effurun has dismissed the preliminary objection by Nigerian-American singer, David Adedeji Adeleke, popularly known as Davido and his company, Davido Music Worldwide Limited, challenging the jurisdiction of the court to hear and determine the breach of contract suit against him by Brownhill Investment Company Limited over the annual 'Warri Again Concert'. Trial judge, Justice Nduka Obi, also dismissed another objection by Davido Music Worldwide and Israel Afeare, challenging the jurisdiction of the […]

January 18, 2024 2

Japan

Gonoyama stuns previously unbeaten Hoshoryu on Day 5

[ad_1] Rank-and-file wrestler Gonoyama caused Thursday's biggest upset as he handed ozeki Hoshoryu his first loss of the New Year Grand Sumo Tournament.The result left promotion-chasing sekiwake Kotonowaka and No. 7 maegashira Asanoyama as the only unbeaten wrestlers through Day 5 of the 15-day tournament at Ryogoku Kokugikan.The sport's lone yokozuna, Terunofuji, and the man currently bidding to join him at the top rank, ozeki Kirishima, both racked up victories […]

January 18, 2024 1

News

Ghana: MTN Thrills Fans At Viewing Centres

[ad_1] In a display of unparalleled excitement and unity, football enthusiasts flooded various MTN viewing centres across Ghana last Sunday to witness the Black Stars in action during the ongoing AFCON tournament. Despite the national team's less-than-stellar performance, fans departed with lasting memories of an electric atmosphere and community spirit. The watch party, a collaborative effort between MTN Ghana and GTV, unfolded simultaneously in multiple locations throughout the country. Offering a premium viewing experience on expansive screens, the event also […]

January 18, 2024 2

Entertainment

Ghana to Participate in ‘Reconnecting Afro Root’ Carnival in Salvador

[ad_1] Ghana will from February 9 to 14 participate in this year's Reconnecting Afro Root Carnival at Salvador, Bahia in Brazil. To be held on the theme 'Reconnecting with our Roots,' the carnival is aimed at bringing together blacks of African descent for cultural exchanges and development of partnerships within the business community. Ghana's participation in the global event would be led by the Ministry of Tourism, Arts and Culture, Ghana Tourism Authority (GTA) in partnership with the Ghana Embassy […]

January 18, 2024 2

Month: January 2024