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Sharp rise in number of Islamist militant attacks in Africa

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Sub-Saharan Africa suffers under a sharp rise in the number of Islamist militant attacks. In its report Changing Patterns in Terrorism and the Threat to Business, Control Risks , the specialist global risk consultancy, finds that the number of incidents rose from 317 in 2013 to 1,549 for the period April 2017 to April 2018.

While some of the attacks are inspired by the so-called Islamic State (IS) that loses its grip in its Middle Eastern heartland, the drivers behind this rise in sub-Saharan Africa are more complex.

Jean Devlin, Partner and Head of African Analysis at Control Risks, explains: “Many factors lie behind this, including the local dynamics of long-standing conflicts and insurgencies. In East and West Africa, the increase in attacks has several drivers: Although security forces in affected countries have for the most part been able to reduce the capability of militant groups to hold onto and control territory, this has pushed them to engage in asymmetric warfare against civilian ‘soft targets’. Security forces are struggling to comprehensively degrade the capability of these groups, and as a result the threat is proving resilient despite gains made.”

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Somalia, which witnessed 879 incidents over the period, accounted for over half of the Islamist militant incidents recorded across sub-Saharan Africa; the only other East African country affected during the period was Kenya, with 79 incidents. In West Africa, where 36% of the incidents were reported, Nigeria suffered most (220 incidents), followed by Mali (194) and Cameroon (96). Although the total number of Islamist militant attacks in Southern Africa was relatively low – 56 incidents in total; 43 in the Democratic Republic of Congo, 12 in Mozambique, 1 in South Africa – the rise in attacks particularly in Mozambique, where the first attack was recorded on 5 October 2017, is concerning.

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Looking at all types of terrorist activity, government, military and security forces, and their installations typically top target lists across the world. Retail and road top the list of civilian sectors affected by Islamist militancy globally – something that is mirrored in sub-Saharan Africa where vehicles and road infrastructure such as bridges are most targeted, particularly in Nigeria, Mali, Kenya and Somalia. The hospitality sector comes in second (with most incidents in Somalia and Mali), followed by retail. Targeting these areas allows Islamist militants to hit civilians and government/ security forces alike, as the latter congregate in the respective facilities or use the infrastructure for movements.

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The many shades of political and ideological violence and militancy in play across the globe are part of a complex picture of risk and opportunity facing businesses and organisations. Combined with other threats such as cyber security, kidnap and general criminality, these create a complex security environment for international business.

“Consistent monitoring of which sectors, asset types and locations are vulnerable, and of emerging trends, is critical”, says Devlin.

“Based on the qualitative analysis that helps understand drivers of terrorism, organisations can spend resources wisely and assess opportunities accurately. Resilience comes from having full visibility of the threat landscape and adopting an organisational posture that allows you to continue seeking opportunity.”

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Incidents clustered under ‘Road’ are: roadside bombs, car bombs; attacks against vehicles, including convoys, trucks and buses, road construction companies/sites and personnel, bridges, parking lots

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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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