Skip to main content

Zimbabwe’s currency: Britain to step in

Image
By

Britain could take steps to stabilise Zimbabwe’s currency
system and extend a bridging loan to help it clear World Bank and African Development Bank arrears.

Foreign Secretary Boris Johnson said on Wednesday on the sidelines of an African Union-EU summit in Abidjan that such support, however, depends on “democratic progress”,
“Those are indeed the things that we would try to do to help Zimbabwe forward, but we’ve got to see how the democratic process unfolds,” he said.

Zimbabwe is due to hold elections in 2018.
Mr Emmerson Mnangagwa was sworn in as president on Nov. 24 after the resignation of Robert Mugabe, and has said his government will focus on economic growth.
Johnson said: “Recent events in Zimbabwe offer a moment of hope for the country and its people.

“This is a time to look to the future and to make clear that Britain shares the common vision of a prosperous, peaceful and democratic Zimbabwe.

“I am encouraged by President Emmerson Mnangagwa’s words so far.

“During his inauguration speech, he promised to reform the economy and give investors the security of title they need if
Zimbabwe is to fulfill its potential and create the jobs that are sorely needed.
“For as long as the President acts on his words, then Britain is willing to work alongside him and offer all the support we
can.

“The UK’s relationship with Africa and the African Union will continue to go from strength to strength and as we leave
the EU I want to work even more closely with my counterparts in the region.”

Comments

Post a Comment

Popular Post

Buhari tells Nigerians to change for a better future

By
President Muhammadu Buhari on Thursday set out his vision for a better Nigeria, imagining an incorruptible paradise where drivers don’t run red lights and internet scams are a thing of the past. In Buhari’s Nigeria, police turn down bribes from rich men driving SUVs, militants in the oil-rich Niger delta lay down their arms, rubbish is thrown in bins, not the street, and workers are on time. “I won’t sell my body for marks,” a student is quoted as saying in a promotional video to launch the initiative before a gathering of high-profile politicians in the presidential villa in Abuja. “I no go do yahoo yahoo or 419 again,” says another in pidgin English, referring to the online scams originating from Nigeria that have snared victims around the world. The “re-orientation campaign” conjures up images of social engineering and Big Brother-style state control but Buhari maintained it was first and foremost about a change in “mindset”. “We must resist the temptation to fall bac...
Post a Comment
Read more

Eating a combination of chilli and ginger could help prevent cancer

By
Past studies have suggested that capsaicin (an active component of chili peppers) may cause cancer. But in a new evidence by scientists, it was observed that the spicy compound in ginger, 6-gingerol, could counter the harmful effects of capsaicin. Researchers at the American Chemical Society, Washington DC, USA found out that eating chilli and ginger together could help prevent cancer. The compounds in ginger and chilli – capsaicin and 6-gingerol –bind to the same receptor on cells. They fed mice prone to lung cancer either capsaicin or 6-gingerol, or a combination of the two compounds. Mice fed with just capsaicin alone developed lung tumours, while those fed with 6-gingerol also had the disease. Interestingly, a large part of mice fed with both capsaicin and 6-gingerol didn’t develop lung cancer. Scientists are, however, optimistic that future studies will focus more on how exactly the compounds interact to help reduce cancer risk.
Post a Comment
Read more

Meet Ime Archibong; the Nigerian who runs things @Facebook

By
Looking at Facebook’s Director of Strategic Partnerships, Ime Archibong, one sees the figure of a Hollywood honcho; the type who keeps you glued to the tube in a box office thriller-crime movie. With his huge, tall frame sitting on a well built macho body, Archibong could have passed for another Arnold Schwarzenegger or Sylvester Stallion of Rambo fame. The difference, however, is that Archibong plies his trade in Silicon Valley and not in Hollywood. He directs activities at Facebook and not on a movie set. He leads the team focused on accelerating Facebook’s product strategy by establishing partnerships, driving product integrations and unlocking new business opportunities with leading companies across multiple industries and sectors. Call him Zuckerberg’s deputy and you would not be far from the truth, because they seem to be Siamese twins in fashioning new ideas that have transformed Facebook into something much more than a social media initiative. The fact that they are ...
Post a Comment
Read more