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16-February-2023

Russian and African Legislators Meet, What Next?

By Kestér Kenn Klomegâh The Russian Foreign Ministry and the State Duma (the lower Chamber of Parliamentarians) have agreed to hold the next International Parliamentary Conference, “Russia – Africa”, in March. In several official reports, this International Parliamentary Conference was considered an important stage and integral part of the preparation for the Russia-Africa summit planned for late July. Under the chairmanship of Boris Vyacheslavovich Gryzlov, the first Russia-Africa Inter-Parliamentary Conference and a special business forum with the theme “Russia – Africa: Horizons of Cooperation” was held on June 15 -17, 2010. The Federation Council and the State Duma still remember

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15-February-2023

Legislations and Reforms About Cashless Pokies in NSW

Will Cashless Slots Unite Australian Politics? It is estimated that Australians lose around $25 billion annually on gambling activities. This large amount of money, along with the prevalence of pokie (slot) machines in New South Wales – which account for half of all pokies in Australia and roughly 20% of the world’s total – reveals that there is a serious problem with gambling in the country. As New South Wales elections approach, the use of cashless pokies has become a major source of discussion among political parties as they attempt to address gambling addiction in both physical and Australian online

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14-February-2023

Angela Merkel Receives Félix Houphouët-Boigny-UNESCO Peace Prize

By Kestér Kenn Klomegâh The Economic Community of West African States (ECOWAS, and also known as CEDEAO French and Portuguese) is a regional political and economic union of fifteen countries located in West Africa. Its main activities are connected with regional politics and economic and social questions in the region. But the organization also does cultural activities such as supporting exhibitions, traditional arts and music and offers public recognition to outstanding personalities. In February, the ECOWAS officials gathered in Yamoussoukro to witness the Award Ceremony of the Félix Houphouët-Boigny-UNESCO Peace Prize. Many might have remembered the popular name – Félix

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13-February-2023

Frankfurter Botschaft to Host Invest in African Energy Reception

By Kestér Kenn Klomegâh After extensive negotiations these several months, Germany has accepted to host the “Invest in African Energy Reception” at Frankfurter Botschaft on February 23. The programme primarily aims at showcasing investment opportunities across Africa’s burgeoning energy sector as the next significant phase of the organization’s European investment tour. The Invest in African Energy gathering at Frankfurter Botschaft is organized by the South African-based African Energy Chamber (AEC). Following successful Invest in African Energy Receptions held in London last year and Oslo in January 2023, in partnership with global energy market research firm, Rystad Energy, and leading pan-African

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07-February-2023

Corporate Council on Africa And The Preparation of Botswana for 15th US-Africa Business Summit

By Kestér Kenn Klomegâh The Corporate Council on Africa (CCA), the leading US business association that focuses solely on connecting business interests between the United States and Africa, has indicated its strong commitment towards holding the 15th US-Africa Business Summit (USABS) in July in Gaborone, Botswana. The 15th USABS theme Enhancing Africa’s Value in Global Value Chains will highlight multi-dimensional issues that were heavily discussed during the business forum held on the second day of the US-Africa leaders’ summit in Washington. The decision was taken during the last US-African leaders gathering held under the chairmanship of President Joe Biden. The

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06-February-2023

Congolese Leader Patrice Lumumba Back to Russian University

By Kestér Kenn Klomegâh The Russian Foreign Ministry is preparing for the second Russia-Africa summit in St. Petersburg in July 2023. At the Russian Foreign Ministry, Special Representative of the President of the Russian Federation for the Middle East and Africa, Deputy Foreign Minister of Russia Mikhail Bogdanov, has held a special meeting with the heads of diplomatic missions of African states accredited in Moscow. Bogdanov briefed them on the preparations for the summit, as well as the second International Parliamentary Conference “Russia – Africa” planned for March. Deputy Chairman of the State Duma of the Russian Federation Alexander Babakov

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03-February-2023

Russia’s Military Diplomacy in Africa: High Risk, Low Reward and Limited Impact

By Kestér Kenn Klomegâh The South African Institute of International Affairs, a Johannesburg-based foreign policy think tank, has released a special report on Russia-Africa relations. According to the report, Russia has signed military-technical agreements with over 20 African countries and has secured lucrative mining and nuclear energy contracts on the continent. Russia views Africa as an increasingly important vector of its post-Western foreign policy. Its support for authoritarian regimes in Africa is readily noticeable, and its soft power has drastically eroded. As suspicions arise that Russia’s growing assertiveness in Africa is a driver of instability, its approach to governance encourages

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01-February-2023

Lukashenko Hands Over Agricultural Equipment to Zimbabwe

By Kestér Kenn Klomegâh On January 30, Belarusian President, Alexander Lukashenko, paid a working visit to hand over in a special ceremony Belarusian agricultural vehicles, tractors and equipment to President Emmerson Mnangagwa in Harare, Zimbabwe. “First of all, I want to thank the Americans and the entire Western world for having imposed sanctions against us. Otherwise, American and German tractors would have come instead of Belarusian ones to this huge field,” Lukashenko said. The Belarusian leader noted that in Zimbabwe, there are the friends of Belarus, with whom Minsk is building cooperation for the sake of achieving the common good.

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30-January-2023

Interest in Netflix Stocks Jumps 131% After Oscar Nominations

By Aduragbemi Omiyale Interest in Netflix stocks went up by 131 per cent, with signing-up to the streaming platform increasing by 166 per cent after sweeping 15 nominations across numerous categories at the Academy Awards nomination announcement. On January 24, 2023, Oscar nominations were released, and an analysis of Google search data by AskGamblers showed that Netflix sign-up exploded over to double the average search volume in one day, an unprecedented increase in movie fans looking to stream some of the most popular titles. Netflix’s most nominated film is All Quiet on the Western Front, a German film set during

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01-October-2023

Boosting Website Performance: Tips for Speed and Efficiency

By Rahul Baitha In today’s digital age, where instant gratification is the norm, website performance plays a critical role in delivering a positive user experience. Visitors expect websites to load quickly and respond seamlessly to their interactions. If your website lags or stumbles, you risk losing valuable traffic and potential customers. As a web designer or business owner, optimizing your website’s performance should be a top priority. In this comprehensive guide, we’ll explore essential tips and techniques to boost your website’s speed and efficiency. Understanding Website Performance Before diving into optimization strategies, it’s essential to grasp the fundamentals of website

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01-October-2023

NDLEA Nabs Suspected Kingpin in UK Drug Export Bust

By Adedapo Adesanya The National Drug Law Enforcement Agency (NDLEA) has arrested a suspect wanted for attempts to ship illicit drug consignments to the United Kingdom. This was made known in a statement signed by the NDLEA spokesman, Mr Femi Babafemi, on Sunday. He further disclosed arrests made by NDLEA operatives through interdiction operations that led to the seizure of four tons of illicit substances in the past week. According to the agency, the suspect, Mr Obiorah Chigozie, had been on its wanted list since September 15. This, he said, was when a consignment of 1.500kg skunk concealed in flour

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01-October-2023

BUA Cement Slashes Ex-Factory Prices to N3,500

By Aduragbemi Omiyale The management of BUA Cement Plc has announced a reduction in the prices of its cement from its factory without the transportation costs to N3,500 per bag (50kg). The cement maker confirmed this development in a statement issued on Sunday, noting that it was part of efforts to make sure customers get the products at cheaper prices. In the statement, BUA Cement disclosed that the slash in cement prices is from Monday, October 2, 2023, urging its distributors not to fleet the end users. The firm said, “All pending, undelivered orders which had been paid for at

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01-October-2023

NITDA Opens Applications for Tech Accelerator Fellowship

By Adedapo Adesanya The federal government through the National Information Technology Development Agency (NITDA) has opened applications for a tech startup accelerator fellowship program to empower Nigerians with innovative ideas. The Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, said the preparations for the training commenced in August with a meeting of stakeholders in tech to co-create innovative ways to achieve the target. He added that the meeting was the first in a series of ecosystem engagements to ensure that the government gets the best solutions from within. The new initiative from the NITDA is part of the

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01-October-2023

Nigeria @ 63: Tinubu Promises Relief in First Independence Broadcast

By Adedapo Adesanya The President of Nigeria, Mr Bola Tinubu, has promised relief amid reforms that have increased hardships among Nigerians in his first Independence Day broadcast on Sunday. Nigeria is marking her 63rd Independence anniversary. Speaking during a brief broadcast, President Tinubu said his reforms, including fuel subsidy removal and unification of exchange rates, have come with some effects, which he admitted were painful but are needed. He announced that small businesses would get much support while an additional N25,000 would be given to low-income earners for six months to cushion the hardship. Mr also promised housecleaning at the

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30-September-2023

Mediacraft Associates Employees Get 25% Pay Rise

By Modupe Gbadeyanka The salaries of employees of Mediacraft Associates Limited, a leading Nigerian full-service Public Relations and Integrated Brand Communications Consultancy firm, have been increased by 15 and 25 per cent. This was confirmed by a statement from the organisation as it celebrates its 20th anniversary this year. It was disclosed that the gesture was to reward the efforts of the workers toward the growth of the company and to cushion the current hardships in the country due to the removal of petroleum subsidy. According to the chief executive of Mediacraft Associates, Mr John Ehiguese, the salary increase had

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30-September-2023

Are Audio Streaming Platforms in Your Marketing Mix? They Should be

By Mark Redguard Walk down the streets of any major city around the world and take a look at all the people you pass along the way. Chances are you’ll see more people wearing earphones and headphones, in all of their shapes and sizes, than not. Most of those people, whether they’re consuming music or podcasts, will be listening through an audio streaming platform. In fact, Spotify’s 500 million-plus users spent more than 132 billion hours streaming audio on the platform in 2022.  And that’s just Spotify. Factor in other platforms, including the likes of Mdundo and Audiomack, and the

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30-September-2023

Unlisted Stock Investors Grow Market to N1.105trn

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange rose by 0.38 per cent on Friday, September 30, with N4.16 billion added to the value of the bourse, closing at N1.105 trillion compared with Thursday’s value of N1.101 trillion. The market witnessed the improvement a day after the shares of VFD Group were yanked off the trading platform, with the NASD Unlisted Securities Index (NSI) closing higher by 3.06 points to settle at 815.65 basis points versus the previous day’s 812.59 basis points. There were three gainers led by FrieslandCampina Wamco Nigeria Plc, which improved by N1.31 to close at

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30-September-2023

Naira Appreciates on Dollar Across FX Market Segments

By Adedapo Adesanya The Naira appreciated against the US Dollar in the Investors and Exporters (I&E), the Peer-to-Peer (P2P), and the black market arms of the foreign exchange (forex) market on Friday, September 29, as a turbulent third quarter ended. In the official segment, the local currency improved its value against the greenback by 2.6 per cent or N20.04 to close at N755.27/$1, in contrast to the preceding day’s N775.31/$1 amid a drop in the supply of FX into the system by 11.6 per cent or $16.73 million to $127.82 million from the $144.55 million published on Thursday. In the

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30-September-2023

Brent, WTI Shrink on Macroeconomic Worries, Profit Taking

By Adedapo Adesanya The prices of Brent futures and the US West Texas Intermediate (WTI) futures went down by about 1 per cent on Friday, due to macroeconomic concerns and sustained profit-taking. Data showed that Brent fell by 7 cents to $95.31 per barrel and WTI depreciated by 92 cents to $90.97. Prices rose about 30 per cent in the third quarter of the year helped by the production cuts by the Organisation of the Petroleum Exporting Countries and allies (OPEC+). This action squeezed global crude supply. Brent was about 2.2 per cent in the week and 27 per cent