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Africa is ‘on the rise’, says UN chief Guterres, urging collaboration for better future

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He urged everyone with a stake in Africa’s success to seize the new opportunities and work together with people on the continent for the common good.
However, alongside the progress and resilience, on the back of stability and improved governance, parts of Africa remain fragile with challenges to overcome, said Mr. Guterres, addressing the inaugural Africa Dialogue Series at the UN Headquarters, in New York.
The two-day series focuses on the nexus between peace, security, human rights, humanitarian and development in the continent. It replaces Africa Week, which was launched in 2010.
“The volatility of financial markets, the looming trade conflicts, and high levels of debt in some countries are causing concern over economies that may be vulnerable to shocks. The widening impacts of climate change will create additional strains in the years ahead,” he said.
“Inclusive, sustainable development in Africa is a goal unto itself.  It is also a leading tool to prevent conflict and crises,” added the UN chief.
On sustainable development, the Secretary-General noted the synergies between the UN 2030 Agenda for Sustainable Development and the AU’s Agenda 2063, and said that the policies and approaches two organizations “are more closely aligned [today] than ever before”.
Turning to the UN-AU partnership on peace and security, Mr. Guterres cited examples from the Central African Republic and South Sudan where UN is working closely with African-led initiatives.
“I will continue to advocate strongly for predictable, sustained and flexible financing for AU-led peace support operations authorized by the Security Council. These operations are contributing to global security and deserve multilateral support,” he said.
Making a ‘prosperous and peaceful Africa’ a reality – UN Special Adviser
Briefing on the theme of the dialogue and expected outcomes, Bience Gawanas, the UN Special Adviser on Africa, said that the Dialogue “bears testimony of the desire to engage with the UN to realize a prosperous and peaceful Africa.”
“Africa is changing  and it is seeking to achieve peace, prosperity and socio-economic transformation,” she said, urging all actors to continue to work together in a coherent and coordinated response to the challenges.
Meanwhile, María Fernanda Espinosa, the President of the 73rd session of the General Assembly highlighted the central role of Africa in the multilateral system, highlighting the importance of stronger and more collaborative efforts between the AU and the UN.
Such efforts will strengthen multilateralism, she said.
Ms. Espinosa also noted the revitalization processes at the two institutions and expressed hope that the end result will allow them to “work together on behalf of all people.”
“Our focus remains the same as yours: to ensure that the UN is reflective of, and relevant to the needs of all people,” she said.
Africa can share lessons vital for sustainable development – ECOSOC President
Speaking alongside Ms. Espinosa, Inga Rhonda King, the President of the Economic and Social Council underlined the importance of synergies between UN’s 2030 Agenda and Agenda 2063 of the AU.
“The Economic and Social Council has an important role to play in sustaining peace and promoting sustainable development in Africa,” she said, noting the body’s collaboration with other entities of the UN system and beyond, to develop solutions to development and humanitarian challenges in the continent.
Noting the focus of next year’s High-Level Political Forum on Sustainable Development (HLPF) on Sustainable Development Goals on jobs, inequality, justice, climate change, education and partnerships, Ms. King called African countries, to share relevant lessons learned and ideas on progressing the 2030 Agenda forward.
Partnerships vital to overcome peace and security challenges – Security Council President
Also speaking at the Dialogue, Sacha Sergio Llorenty, the Permanent Representative of Bolivia and the President of the Security Council for the month of October, spoke of the link between peace, security and development.
He highlighted the importance of women and young people in peace and development efforts in Africa and called for political support at the highest level to ensure their meaning participation.
He also said that partnerships are critical to overcome challenges in the continent, as illustrated by the G5 Sahel Joint Task Force and the UN-AU Mission in Darfur (UNAMID).

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Senate Approves Tinubu’s $500m Loan for Power Sector Boost

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The Nigerian Senate has approved President Bola Tinubu’s $500 million loan request intended to bolster the operations of the Bureau of Public Enterprises (BPE) to enhance the financial and technical performance of electricity distribution companies, ultimately benefiting citizens.

The endorsement, announced on Tuesday, follows a thorough examination of the report presented by Senator Aliyu Wamakko, who heads the Senate Committee on Local and Foreign Debts overseeing the 2022 – 2024 External Borrowing (Rolling) Plan specifically for the Bureau of Public Enterprises (BPE).

During the presentation of the report, Senator Haruna Manu, serving as the Vice Chairman of the Committee, emphasised the importance for the Senate to duly receive and deliberate upon the report of the Committee on Local and Foreign Debts concerning the 2022 – 2024 External Borrowing (Rolling) Plan for the Bureau of Public Enterprises (BPE).

The $500 million loan constitutes a portion of the $7.94 billion loan originally requested by President Bola Tinubu on November 1st, 2023, within the framework of the 2022-2024 external borrowing plan. In addition to the $500 million, President Tinubu also sought approval for a €100 million loan.

However, during a special plenary session on December 30, the Senate greenlit the borrowing of $7.4 billion after careful consideration of the report furnished by the Committee on Local and Foreign Debt.

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Melinda Gates Resigns from Gates Foundation, Set to Receive $12.5 Billion

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In this file photo taken on September 26, 2018, Bill Gates and his ex-wife, Melinda Gates, introduce the goalkeepers event at the Lincoln Center in New York. Ludovic MARIN / AFP

Melinda French Gates announced Monday she was leaving the philanthropy mega foundation she established with her ex-husband, Microsoft co-founder Bill Gates.

The resignation, which becomes effective on June 7, will leave Bill Gates as the sole chair of one of the world’s most influential and powerful non-governmental organizations.

“After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation,” Melinda French Gates wrote in a statement posted on social media.

The statement gave no reason for her departure, but noted that “under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families.”

The couple married in 1994 but announced their divorce in 2021.

They had continued to co-chair the foundation which they established in 2001 with the vast wealth acquired through the success of Microsoft.

With a focus on child poverty and preventable diseases, the foundation has been heavily involved in fighting malaria and in providing toilets and sanitation in poorer parts of the world.

The foundation’s website says it has spent $53.8 billion since 2000, and claims the number of children around the world who die before their fifth birthday has halved in this time.

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Bill Gates thanked his ex-wife for her “critical contributions” to the organization.

“As a co-founder and co-chair Melinda has been instrumental in shaping our strategies and initiatives, significantly impacting global health and gender equality,” he said.

“I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.”

The organization’s chief executive, Mark Suzman, said its name would change to simply the Gates Foundation — it has been known as The Bill & Melinda Gates Foundation.

“I truly admire Melinda, and the critical role she has played in starting the foundation and in setting our values, she has played an essential role in all that we’ve accomplished over the past 24 years,” he said in a video posted to social media.

“I will miss working with her and learning from her. I look forward to seeing her continued impact.”

 

 

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EFCC calls on banks’ compliance officers to uphold confidentiality

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The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has urged Compliance Officers of Banks nationwide to refrain from unauthorised disclosure of EFCC’s investigative activities and requests made to banks’ customers.

Speaking through the Acting Zonal Director of the Ibadan Zonal Command of the EFCC, ACE I Hauwa Garba Ringim, during a stakeholders’ meeting with Compliance Officers of Banks in Oyo State on Tuesday, Olukoyede emphasised the detrimental impact such disclosures have on the investigation of financial crimes and the timely filing of corruption cases in court.

Olukoyede expressed concern over the tacit support fraudsters receive from the Nigerian banking sector, highlighting the challenges it poses to the Commission.

He urged Compliance Officers to promptly respond to EFCC’s correspondence with certified true copies of relevant documents, as this facilitates swift investigation processes.

Also, Olukoyede addressed the illegal trading of naira with Point-of-sale (POS) operators, stressing the need to curtail such practices for the benefit of Nigerians.

In response to the chairman’s directives, Compliance Officers assured the EFCC of their unwavering support and commitment to enhancing collaboration between the Commission and banks for more effective anti-corruption efforts.

 

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