Daily Archives: May 4, 2018

Nigerian, Chinese Central Banks Agree to Currency Swap

The Central Bank of Nigeria (CBN) and Peoples Bank of China (PBoC) have agreed on a currency swap worth $2.5 billion to reduce their reliance on the U.S. dollar in bilateral trade.

CBN Governor Godwin Emefiele led Nigerian officials, while the PBoC governor, Yi Gang, led the Chinese team to the signing ceremony in Beijing last week.

The agreement is aimed at providing sufficient local currency liquidity for Nigerian and Chinese industrialists and other businesses and to reduce difficulties as they search for a third currency.

The deal, purely an exchange of currencies, also will make it easier for Chinese manufacturers seeking to buy raw materials from Nigeria to obtain naira, the Nigerian currency, from Chinese banks to pay for their imports.

According to Nigerian economist Yusha’u Aminu, excluding United States in the agreement would help to lower the exchange rates between both countries.

Source: Voice of America

Dhlakama’s Death Sparks Concern for Mozambique Peace Deal

The sudden death of Mozambique’s longtime rebel leader and opposition chief has caused shock and concern in the southern African nation and in the region, analysts say.

Afonso Dhlakama, who died Thursday at the age of 65, was never far from the action in Mozambique. He led the Renamo rebel group through a bruising 16-year civil war that ended in 1992. He then led Renamo’s transformation into a political party, and ran for president, unsuccessfully, five times.

In 2013, frustrated with what he said were attempts by the ruling Frelimo party to stymie the opposition, Dhlakama retreated to the bush in northern Mozambique and led his supporters in a low-level insurgency. In the months before his death, he and President Filipe Nyusi were making progress on a peace deal.

Nyusi confirmed Dhlakama’s death on national television late Thursday. Nyusi said he had been told Dhlakama was ill, and had attempted to send him abroad for treatment the day before he died. Nyusi did not provide details on the illness.

‘Untimely death’

Journalist and commentator Fernando Lima said the nation was stunned by the news.

“To lose such a person, such a kind of energizing person, is a big, big loss,” he told VOA. “And so I would say that we are, in terms of the country, we are almost in a state of coma, in shock.”

Analyst Liesl Louw-Vaudran of the Institute for Security Studies said Dhlakama’s death also leaves unanswered many serious questions. Dhlakama led Renamo since 1979, and did not leave a clear successor.

“His death his untimely death, really puts a question mark over this peace deal and whether it will not be implemented,” she told VOA.

Accusations

The U.S. State Department, among others, accused Renamo of committing crimes against humanity, including mass killings, mutilations, forced labor and recruitment of child soldiers, in its war effort.

But Lima said that Dhlakama’s legacy is ultimately a positive one, despite the serious allegations.

“If it would not be for a person such as Dhlakama, the civil liberties in this country would be much more jeopardized,” he said. “I cannot have the media I have and the freedom I have if it would not be for Dhlakama and what he has done for this country, despite [the fact that] he carried this message through a really violent and bloody insurgency, but we have those achievements, and everybody benefits from those achievements.”

Louw-Vaudran said economic implications are at stake in the wake of Dhlakama’s death, as Mozambique’s natural gas wealth is being developed.

“Much of this political strife these last couple of years should also be seen in that context, where here you have an expectation of new wealth in Mozambique, but you have a lot of corruption the Frelimo government has been racked by one scandal after the other so within that backdrop, it really is very important for stability to return to Mozambique,” she said.

Source: Voice of America

MEC Phophi Ramathuba hosts Cancer Awareness Day, 5 May

Health MEC Dr. Phophi Ramathuba will host a Cancer Awareness Day. During the event, the MEC together with other health officials will be giving information about different kinds of cancers and treatment. Cancer is the second leading cause of death after cardiovascular diseases around the globe.

In South Africa, breast cancer is the most common cancer for women, but cervical cancer is the deadliest, with 5 406 female deaths in 2015. Other top cancer causes of death for women are, lung, and colo-rectal cancers.

For men, prostate cancer resulted in the highest number of new cases, but lung cancer remain the number one killer, causing 5 726 male deaths.

The cancers most prevalent amongst South African children are leukemia, brain tumours, lymphomas, cancer of the kidney.

Source: Government of South Africa

MEC Ismail Vadi condemns brutal killing of Taxify Driver

Gauteng MEC for Roads and Transport, Ismail Vadi, has condemned in the strongest possible terms the brutal killing of another Taxify driver, Moipolai Sekati, in Snake Park, Sowe.

Apparently, Sekati was fatally shot on Wednesday night. The motive for the killing is unknown and police are investigating the matter.

Any rational person will condemn this senseless and brutal killing of a taxi driver. Although the motive for the murder is not known at this stage, I am deeply saddened at this senseless loss of life of an innocent person, said Vadi.

Vadi further expressed his sincerest condolences to the family, friends and loved ones of the late Mr Sekati.

Our thoughts and prayers are with the family of the deceased during this time of grief. As the Department we are deeply saddened by this criminal act that has occurred so soon after the National Assembly has adopted the National Land Transport Act Amendment Bill, which seeks to regulate the provision of electronic hailing services to the public, said Vadi.

The amendment Bill provides for the licensing of e-hailing services as a means of public transport.

It allows for the hire of a car by e-hailing while roaming or at a rank, and which is equipped with an electronic technology-enabled application to measure travel distance and cost.

Vadi has called on law enforcement agencies to investigate this crime and urged those that might have information to come forward and assist the police.

Source: Government of South Africa

Inter-Ministerial Committee briefs media on Nelson Mandela and Albertina Sisulu centenary celebrations, 8 May

The Inter-Ministerial Committee (IMC) on the centenary celebrations of Nelson Mandela and Albertina Sisulu chaired by Minister Jeff Radebe will hold a media briefing to unpack the Comprehensive National Programme developed by the IMC and provide progress on its implementation. The briefing will also announce on key activities planned in celebrations of both Nelson Mandela and Albertina Sisulu.

Source: Government of South Africa