Nobel laureate Muhammad Yunus, a longtime political foe of Bangladesh’s ousted prime minister Sheikh Hasina has been named the country’s interim leader. The 84-year-old was appointed a day after Hasina fled the country following weeks of deadly protests that brought her resignation. Students who led the mass protests that unseated Hasina refused to accept a military-led government and pushed for Yunus to lead the interim administration. The decision to name Yunus as chief adviser of the interim government followed a meeting between President Mohammed Shahabuddin, military leaders and student leaders. In 1983, he started Grameen Bank, which offers micro, long-term loans to help poor people start small businesses – a concept that has since taken off around the world.

Source: Nigerian Tribune August 07, 2024 19:14 UTC