(AP Photo/Jesus Moron)Migrants sit on the ground after storming a fence to enter the Spanish enclave of Ceuta, Spain, Friday, Feb. 17, 2017. (AP Photo/Jesus Moron)Migrants sit on the ground after storming a fence to enter the Spanish enclave of Ceuta, Spain, Friday, Feb. 17, 2017. (AP Photo/Jesus Moron)Migrants sit on the ground after storming a fence to enter the Spanish enclave of Ceuta, Spain, Friday, Feb. 17, 2017. (AP Photo/Jesus Moron)Migrants react after storming a fence to enter the Spanish enclave of Ceuta, Spain, Friday, Feb. 17, 2017. (AP Photo/Jesus Moron)Migrants react after storming a fence to enter the Spanish enclave of Ceuta, Spain, Friday, Feb. 17, 2017.
The National Economic Council (NEC) on Thursday approved the nomination of six Nigerians for appointment into the board of the Nigeria Sovereign Investment Authority (NSIA). The body also approved the injection of a fresh $250 million capital into the Sovereign Wealth Fund. Established by an Act of the National Assembly in May 2011, the Nigeria Sovereign Investment Authority manages Nigeria's Sovereign Wealth Fund. - NSIA outlook, among others, are as follows:-NSIA plans to increase domestic infrastructure investment in 2017 as there are compelling opportunities in the environment. -Council, while adopting the report of the NSIA, decided to inject a fresh $250 million into the SWF sourced from the ECA.
At least one Sudanese army Lieutenant has been killed, and four soldiers injured, however exact casualty figures are still unclear. All roads around Al Borsa are closed. A woman teacher at the basic school near to Al Borsa market said that in the chaos created by the clash, parents began arriving at the school to collect their children. The incident has spread fear to the main market of El Fasher, where traders are afraid of similar incidents there. They had drawn a large amount of cash from El Fasher market branch of the Khartoum Bank.
The Boko Haram launched an attack on a Nigerian Air Force helicopter on Wednesday injuring an airman, an official has said. Mr. Famuyiwa said the helicopter was "conveying personnel on medical outreach programme at Gwoza" when it was attacked by the insurgents. "Nevertheless, the pilot was able to fly the helicopter safely to and from its destination to enable the outreach programme continue uninterrupted." The military's counter-attack led to the death of scores of Boko Haram members, the spokesperson said. Isolated attacks by Boko Haram on soldiers and civilians have continued despite the insurgents losing a large chunk of the territory they once controlled to the Nigerian military.
Maiduguri — In order to prepare the ground for a worldwide appeal of $1.05 billion donation for the North-east ravaged by Boko Haram, a delegation of 12 foreign governments and 13 international donor agencies visited Borno State on Wednesday to assess the level of need. In the delegation were representatives of United States, Britain, Japan, Netherlands, Germany, Norway, Ireland, South Korea, Switzerland, Sweden, France and European Union, among others. Hoy said that enough information had not been made available in the international domain for willing donors and that with the visit to Borno State, the team is now adequately informed on the situation on ground. Also, some of the young women and children among those rescued are believed to be spouses of fleeing militants as suggested by a 17-year-old lady whose thrèe-month-old child was seen among the malnourished. But he is not a member of Boko Haram," she said.
The date for the Local Council (LC) elections remains a mystery after the Electoral Commission (EC) insisted they cannot set the schedule unless the government releases the required funds. The EC said setting the LC election date will be dependent on the time the government releases the money. Last week, EC wrote to the ministry of Finance seeking funds for the LC polls. Justice minister Kahinda Otafiire too insisted the elections would take place in January this year with or without money for EC. The commission has never, at any one time, declared that the date for the LC elections is this or that.
Politics and policyAn Air Tractor. A military monitoring news organisation based in London reported yesterday that Kenya may have confused the AT-802L made by L-3 in Texas with an AT-802 aircraft manufactured by IOMAX in North Carolina. Kenya has agreed to pay the full $418 million cost of the deal centred on a dozen Air Tractor AT-802L aircraft, a US State Department official said last month. He did not elaborate on the purported fraud involved in Kenya’s deal with L-3, which has been given clearance by the US State Department. A military monitoring news organisation based in London reported yesterday that Kenya may have confused the AT-802L made by L-3 in Texas with an AT-802 aircraft manufactured by IOMAX in North Carolina.
King Mohammed VI of Morocco embarked as of this Thursday on a new African tour with a first stop in Accra, where he is scheduled to hold talks with Ghana’s President Nana Akufo-Addo. Therefore, strengthening ties with Ghana offers political benefits, as it is an influential member of the African Union. The royal visit will also enable to move economic partnership between the two countries to a higher level, with the expected signing of several cooperation accords. The diversification of the Ghanaian economy has also been based on the development of the industrial and agricultural sectors, Ghana being one of the world’s largest producers of cocoa. These are all areas that could lead to the establishment of win-win partnerships, in line with the new rationale of South-South cooperation, advocated by King Mohammed VI.
French appeal court of Reims ruled this Thursday that the evidences provided by lawyers of King Mohammed VI of Morocco against two French blackmailers, journalists Eric Laurent and Catherine Graciet, are admissible and thus will be taken into consideration in the legal proceedings. The case of the two French journalists who attempted to blackmail Morocco and King Mohammed VI broke out when the two blackmailers were arrested by the French police red-handed. The two journalists had threatened to publish a harmful book on Morocco unless they received €3 million in cash. Eric Laurent contacted the Royal Cabinet and requested a meeting, saying he is about to publish a book on Morocco. The French police recorded a meeting between the authors and the royal cabinet representative in accordance to the law.
A tropical storm – named Dineo – has swept in from the Indian Ocean, causing extensive flooding as it hit landfall in Mozambique. Tropical storm Dineo provides another piece of evidence of this trend. A storm of this nature is given a name once it becomes classified as a tropical storm. Fourth in the alphabet, Dineo was the fourth storm in the South Indian Ocean that reached tropical storm status. Many named tropical storms and tropical cyclones do not reach the coastlines of islands or continents, and so one doesn’t hear about them in the news.
Head of Libyan Presidential Council Faiez Serraj has accused President of the Tobruk-based House of Representatives (HoR) Ageela Saleh for torpedoing talks with Field Marshal Khalifa Haftar in Cairo, reports say. Talks between the two protagonists ended with no real milestone decision on the future position of the Eastern-based army chief in the Libyan leadership. The two protagonists were later joined in the Egyptian capital by Saleh who has also has been opposed to Serraj and his PC. In an interview with the London-based Arabic daily Asharq Al-Awsat, Serraj blamed the breakdown on the stubbornness of both Haftar and Saleh, Libya Herald reports. Serraj who flew back to Tripoli on Tuesday indicated that Haftar insisted that Saleh takes part in the talks.
The shadow of the past is haunting the French presidential elections. Frontrunner Emmanuel Macron who went to Algeria, an indispensable stop in the electoral campaign, made a controversial statement describing his country’s colonization of the North African country as a “crime against humanity.”The statement came to be the biggest surprise in French presidential election campaign. These statements mirror a volte face in his stance regarding French occupation of Algeria. His statements on colonization are aimed at attracting French voters of Algerian descent. Macron presents himself as the energetic outsider, determined to break what he calls the “complacency and vacuity” of the French political system.
Photo: SABC Digital NewsMembers of the Economic Freedom Fighters were forcefully removed from South Africa's Parliament after interrupting President Jacob Zuma's State of the Nation address. President Jacob Zuma has warned opposition parties against using the deaths of more than 100 mentally ill patients in Gauteng last year for "political gains". Zuma told Parliament during his State of the Nation reply on Thursday that the deaths of psychiatric patients, who were transferred to unlicensed NGOs, was a "painful" matter. "Let me extend again our deepest condolences to the families of psychiatric patients who died so tragically in Gauteng," Zuma told MPs. 'F*%k you' premier apologisesBefore Zuma's speech began, North West Premier Supra Mahumapelo apologised in writing for saying "fuck you" to DA chief whip John Steenhuisen during Zuma's SONA speech last week, which was heard on live television.
Provincial dam levels have shown some improvements, with more than half showing an increase compared to last week. In the Eastern Cape, dam levels increased from 56.9% to 58.2%. KwaZulu-Natal showed a slight increase from 47.1% to 47.9%, while Limpopo increased from 66.1% to 66.9%Gauteng dam levels had a slight decrease from 86.7% to 86.3%. Northern Cape increased from 93.6% to 95% and a noticeable increase was in North West from 73.8% to 78.1%. The Umgeni System with five dams serving eThekwini and Msunduzi was at 48.7% last week and this week the dam levels have increased to 49.8%.
High sovereign exposures remain the most significant risk looming over banks in 2017, especially in Lebanon, Jordan, and Egypt. "Governments' creditworthiness therefore weighs negatively on banks' ratings." Beyond typical constraints faced by banks in the Levant and North Africa--such as internal and external political risks--we see four key credit factors for bank ratings in 2017: sovereign exposures, foreign currency risk, asset quality, and asset concentration. Finally, asset quality recognition and trends in nonperforming loan ratios are also central to our rating analysis. Impaired loan recognition, coupled with sectorial concentration, blur asset quality assessment in some countries.