Behind The Deadly Unrest In Kenya, A Staggering And Painful National Debt AFRICA NEWS by panafricantv - July 3, 2024November 19, 20240 Kenya,The Fastest Growing Economy In Africa, Is On The Brink Of A Fiscal Calamity. Across Africa, Nations Are Spending More On Interest Than On Health Or Education. A Kenyan police officer wearing riot gear telling protesters to move back during a protest in Nairobi on Tuesday.Credit...Patrick Meinhardt/Getty Images The immediate trigger for the raging protest that gripped Kenya’s capital on Tuesday was a raft of proposed tax increases — additional shillings that ordinary citizens would owe their government. The underlying cause, though, are the billions of dollars their government owes its creditors. Kenya has the fastest growing economy in Africa and a vibrant business center. But its government is desperate to stave off default. The country’s staggering $80 billion in domestic and foreign
SACP Welcomes The President’s Re-election, Marking The ANC’s Democratic Return As The Leader Of Our Government AFRICA NEWS by panafricantv - June 18, 2024November 19, 20240 South African Communist Party Saturday, 15 June 2024: The South African Communist Party (SACP) welcomes the democratic return of the African National Congress (ANC) as the leader of our government, with President Cyril Ramaphosa re-elected on Friday night, 14 June 2024, and Thoko Didiza elected as the Speaker of the National Assembly. The balance of political forces under which this happened, measured by the distribution of seats and conduct of a number of political parties prior to the first sitting of and in the National Assembly following the May 2024 elections, was characterised by precarity. While following the elections the ANC remains the largest political party by electoral support, for the first time since our April 1994 democratic breakthrough it fell short
South Africa’s National Assembly re-elects Cyril Ramaphosa as president AFRICA NEWS by panafricantv - June 18, 2024November 19, 20240 By Reuters June 14, 20249:14 PM GMTUpdated 4 days ago South African President Cyril Ramaphosa casts his ballot in a vote for the speaker of parliament during the first sitting of the National Assembly following elections, at the Cape Town International Convention Center (CTICC) in Cape Town, South Africa June 14, 2024. REUTERS/Nic Bothma CAPE TOWN, June 14 (Reuters) - South African President Cyril Ramaphosa has been re-elected for a second term, having won a majority of votes in the National Assembly, the chief justice said on Friday. Ramaphosa got 283 votes versus 44 for Julius Malema, the leader of the opposition Economic Freedom Fighters party. Earlier in the day the Democratic Alliance party said it would vote for Ramaphosa as part of an agreement with the
Exclusive: Nigerian Lawmakers Want Urgent Purchase Of New Aircraft For Tinubu, Shettima AFRICA NEWS by panafricantv - June 18, 2024November 19, 20240 The lawmakers say the cost of maintaining the 19-year-old aircraft used by Mr Tinubu is high, leading to longer aircraft downtime and higher fleet running costs. ByBakare Majeed June 13, 2024 The House of Representatives Committee on National Security and Intelligence has asked the federal government to immediately purchase new aeroplanes for the use of President Bola Tinubu and Vice President Kashim Shettima. The Committee made the call in a report issued after its technical subcommittee conducted a hearing on the status and airworthiness of aircraft in the Presidential Air Fleet (PAF). “The Committee is of the strong and informed opinion that considering the fragile structure of the Nigerian federation and recognising the dire consequences of any foreseen or unforeseen mishap that may arise as a result
U.S.-Saudi Petrodollar Pact Ends After 50 Years. INTERNATIONAL NEWS by panafricantv - June 18, 2024November 22, 20240 TipRanks. U.S.-Saudi Petrodollar Pact Ends after 50 Years. June 11, 2024. By Paul Hoffman The 50-year-old petrodollar agreement between the U.S. and Saudi Arabia was just allowed to expire. The term “petrodollar” refers to the U.S. dollar’s role as the currency used for crude oil transactions on the world market. This arrangement has its roots in the 1970s when the United States and Saudi Arabia struck a deal shortly after the U.S. went off the gold standard that would go on to have far-reaching consequences for the global economy. In the history of global finance, few agreements have wielded as many benefits as the petrodollar pact did for the U.S. economy. A Boon to U.S. Bonds The petrodollar agreement, formalized after the 1973 oil crisis, stipulated
Bawumia’s Claim That Ghana’s Cocoa Price Is Highest In West Africa False LOCAL NEWS by panafricantv - June 18, 2024November 19, 20240 By Abdul-Gafaru Ayamdoo Salifu June 10, 2024 Vice-President, Dr. Mahamudu Bawumia has said that Ghana’s cocoa producer price of GH¢2,070 per bag is the highest in West Africa. Dr. Bawumia, who is contesting the 2024 Elections on the ticket of the governing NPP, made the claim during a meeting with the Western North Regional House of Chiefs on May 3, 2024, as part of his campaign tour of the region. He argued that the NPP government led by President Nana Akufo-Addo has done a lot to improve the living conditions of cocoa farmers and cited the recent increase in producer prices of the commodity as one such government action that has left farmers better off. Fact-Check Ghana has verified the claim and presents the facts below. Claim: “You
Palestine Solidarity Campaign & The Socialist Movement Of Ghana AFRICA NEWS by panafricantv - June 7, 2024November 22, 20240 RE-PALESTINE-SOLIDARITY-100-CAR-PARADE1-1Download
NUMSA Statement On The National Elections Results And Coalitions: A Coalition With The DA Will Squash And Liquidate The Working Class! 6 June 2024 AFRICA NEWS by panafricantv - June 7, 2024November 22, 20240 edited-FINAL-NUMSA-statement-on-the-Elections-A-coalition-with-the-DA-will-squash-and-liquidate-the-working-class1Download
An Open Letter to William Ruto AFRICA NEWS POLITICS by panafricantv - June 7, 2024November 19, 20240 Kenyan President William Ruto By Ngũgĩ wa Thiong’o Dear William Ruto, The images of your recent State visit to the USA were very disturbing to me and to every patriotic Kenyan. I saw you seated on a chair, grinning, while Biden stood behind you, his face beaming with satisfaction. Why not? He had just announced that you had signed off our beloved Kenya to make it a non-member ally of NATO. In other words you had agreed to become Nato’s errand boy in America’s struggle with Russia and China for access to resources of the continent. Ruto, do you know that Nato, murdered Muammar Gaddafi, so that Libyan oil-fields which Kaddafi had nationalized, would revert to the West? Kaddafi was once the chairman of the
Listen To Recorded Conversation Between Richard Jakpa And Attorney-General Godfred Dame LOCAL NEWS by panafricantv - June 7, 2024November 19, 20240 The National Chairman of the National Democratic Congress (NDC) has adduced evidence to support the claim by the 3rd accused in the ambulance purchase trial, Richard Jakpa, to the effect that the Attorney-General, Godfred Dame, asked him to implicate the 1st accused, Dr Cassiel Ato Forson. Richard Jakpa, a private businessman, Sylvester Anemana, former Chief Director of the Ministry of Health and Dr Cassiel Ato Forson are being tried for causing financial loss to the state in the purchase of ambulances for the National Ambulance Service. At the last hearing on May 23, the third accused said Godfred Yeboah Dame had approached him to help him implicate Minority Leader and former Deputy Finance Minister, Dr Cassiel Ato Forson. The businessman who was under cross-examination by