Hundreds of millions of euros have been pledged to help rebuild Notre-Dame after a devastating fire partially destroyed the French cathedral. The fire, declared fully extinguished some 15 hours after it began, ravaged the 850-year-old building’s roof and caused its spire to collapse. But firefighters who worked through the night managed to save the Paris […]
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A massive fire Monday afternoon has destroyed both the spire and the roof of the historic and iconic Notre Dame Cathedral in Paris, the second church to be devastated by fire in one month. While the fire service said the blaze could be “potentially linked” to ongoing renovations, so terrible was its effect that President Emmanuel […]
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The world’s largest aircraft, a carbon-composite plane, took its first flight on Saturday from California, U.S., over the Mojave Desert in California. The carbon-composite plane was by Stratolaunch Systems Corp, a company started by late Microsoft co-founder Paul Allen, as the company enters the lucrative private space market. The white aeroplane, called Roc, nicknamed after […]
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The leader of the coup that seized power from Omar al-Bashir of Sudan, Awad Ibn Auf, on friday announced his decision to step down in a nationwide broadcast. In the broadcast, he said another military general would be in charge of the country. “I hereby announce my resignation as head of the Transitional Military Council […]
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The newly elected president of the World Bank, David Malpass, has projected that nine in every 10 extremely poor people across the world will be Africans come 2030. Speaking on Thursday at the World Bank press conference at the ongoing spring meetings of the International Monetary Fund and World Bank Group, Malpass said this development […]
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At a time when Europe’s relationship with Africa is high on foreign policy and developmental agendas and with the European Union beginning to deliver on its 2017 External Investment Plan, targeted at attracting investment and job creation in Africa, the Tony Elumelu Foundation brought together leading stakeholders in the development finance sector, at a case […]
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Ousted president of Sudan Omar al-Bashir has been detained by the soldiers who toppled him, but protestors against his iron-fisted rule swiftly rejected the “coup” and vowed to keep up their demonstrations. In a sombre televised address, Defence Minister General Awad Mohamed Ahmed Bin Aouf, announced “the toppling of the regime” and said Bashir had […]
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The International Monetary Fund (IMF) has warned Nigeria and other developing countries against accepting loans from China due to unfavourable loan conditions. The Financial Counsellor and Director of the Monetary and Capital Markets Department of the IMF, Tobias Adrian, said this on Wednesday during the launch of the Global Financial Stability Report for April 2019 […]
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Speaking at a high-level dialogue in Washington D.C. on the sidelines of the World Bank-IMF Spring meetings, the President of the African Development Bank (http://www.AfDB.org), Akinwumi Adesina, said “It is time to turn around the declining investments of the U.S. in Africa. As the world’s private sector leader, the United States has a unique role to play in increasing investments […]
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The head of the Secret Service, which guards President Donald Trump and visiting heads of state, is stepping down, the White House said Monday in the administration’s latest sign of turbulence. “The United States Secret Service director Randolph ‘Tex’ Alles… will be leaving shortly and President Trump has selected James M. Murray, a career member of […]
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