Connect with us

Foreign

50,000 Indians doing business in Nigeria, says envoy

Published

on

50,000 Indians doing business in Nigeria, says envoy

Indians

Abuja, March 13, 2019   The Indian High Commissioner to Nigeria, Mr Abhay Thakur, says 50,000 Indians, comprising professionals, investors, technically skilled, medical doctors and educationists are plying various trades in Nigeria.

Thakur gave the figure on Tuesday at a News Agency of Nigeria Forum in Abuja.

He reiterated that India was Nigeria’s largest trading partner globally with bilateral trade between both countries at nearly $12 billion and Indian companies investing in projects worth $10 billion

“India has contributed meaningfully to Nigeria’s economy and growth wherever it can.

“India is the largest functioning democracy in the world at 1.3 billion people with an electorate of 900 million and Nigeria is the largest democracy of Africa. This is something that really brings us together,” he said.

The envoy said the political developments happening in India and Nigeria would not slow down the pace of bilateral cooperation between both countries.

The Indian Government has congratulated Nigeria on the successful completion of general elections on Feb. 23 and March 9.

Local and foreign observers adjudged the presidential and National Assembly elections free, fair and relatively peaceful and commended the turnout of Nigerians in voting process.

They, however, criticised the low voter turnout in the governorship and state assembly elections and pockets of violence that led to death during the general elections.

The observers also called on the relevant authorities to investigate allegations of violence and bring perpetrators to justice in accordance with the laws.

Indian Prime Minister Narendra Modi, had, however, conveyed a congratulatory letter to President Muhammadu Buhari on his re-election which had earlier been handed over by Thakur.

“Allow me to compliment the government and people of Nigeria on very successful round of elections both presidential and gubernatorial.

“Our Prime Minister has sent his congratulations, his heartiest greetings to the re-elected President Muhammadu Buhari and even as these political developments in India and Nigeria are happening.

“India is going into elections next month and we would probably be completing and actually having our new respective governments in place, both countries together, in the last week of May.”

The 2019 general election in India is scheduled to hold in seven phases from April 11 to May 19 with the counting of votes and declaration of results to be done on May 23.

Advertisement

Foreign

Trade between Egypt, COMESA up 32.2% in 2018, says statistics agency

Published

on

 Trade exchange between Egypt and member states of the Common Market for Eastern and Southern Africa (COMESA) hit 2.952 billion U.S. dollars in 2018, up 32.2 per cent year on year, Egypt’s statistics agency said on Tuesday.

In a statement, the Central Agency for Public Mobilisation and Statistics said that exports to COMESA countries amounted to 1.908 billion dollars in 2018, up 17.2 per cent from 2017.

Meanwhile, Egypt’s imports from COMESA countries reached 1.44 billion dollars in 2018, an increase of 72.6 per cent year on year, it added.

Egypt’s economy has been battered by years of turmoil following the 2011 popular uprising that toppled former President Hosni Mubarak.

However, the country has recently shown signs of economic improvement amid strict economic reforms, including tax hikes and energy subsidy cuts recommended by the International Monetary Fund that supports Egypt’s economic reform plan with a 12-billion-dollar loan. (Xinhua/NAN)

YEE

(Edited by Emmanuel Yashim)

Continue Reading

Foreign

Sudan gov’t agrees to delay peace talks with armed groups to Dec. 10

Published

on

The Sudanese government has agreed to delay Thursday’s peace talks with the armed groups to Dec. 10, after a request from the host country South Sudan.

Sudan’s Higher Peace Council said this in a statement by its spokesperson Mohamed Al-Hassan Al-Taishi on Tuesday.

South Sudan’s capital Juba had been scheduled to host a new round of peace talks on Thursday between the Sudanese government and the armed groups from Darfur, South Kordofan and Blue Nile regions.

“The government has agreed to delay the peace negotiations to Dec. 10 at the request of the mediation,”  Al-Taishi said.

On Oct. 14, Juba hosted a round of peace talks between the Sudanese government and the armed groups.

Sudan’s Justice and Equality Movement, the Sudan Liberation Movement /Minni Minnawi faction, and the Sudan People’s Liberation Movement/northern sector took part in the talks with the government. (Xinhua/NAN)

YEE

(Edited by Emmanuel Yashim)

Continue Reading

Foreign

Kenyan economist roots for adoption of yuan as reserve currency in Africa

Published

on

African countries should hasten the adoption of the yuan as a reserve currency amid increased bilateral trade with China, a Kenyan economist said.

Bernard Ayieko, a Nairobi-based economist said in a commentary published by the Business Daily newspaper that the adoption of the yuan would boost the ability of African countries to attract new investments and trade favorably at the global market.

“The Chinese growing influence and the increase in Sino-Africa relations have brought to the fore a debate on the African countries’ need to adopt the renminbi as a currency reserve,” Ayieko added.

He said that the internalization of yuan, or renminbi, would boost globalization and foreign trade that Africa could leverage to propel growth.

“The call to internationalize the renminbi continues to reverberate across the world.

“African countries are mulling the need to use the renminbi as a reserve currency and a medium of exchange in international settlements,” Ayieko said.

The internationalization of yuan reached a milestone in 2016 when it joined the International Monetary Fund (IMF) basket of reserve currencies alongside the U.S. dollar, the Euro, Japanese Yen, and the British Pound.

“Premised on the increased trade, loans and grants to Africa from China, there has been an incessant debate in Africa that time is nigh for African countries to adopt the yuan as a reserve currency.

“The growing China-Africa trade has increased the yuan’s convertibility in settling financial transactions between countries.

“ yuan as a reserve currency, African countries will trade smoothly at both bilateral and multilateral levels because it will be easier to make international transactions between many countries that require diverse currencies for financial settlements,” Ayieko said.

(Xinhua/NAN)

(Edited by Emmanuel Yashim)

Continue Reading

Foreign

76-year-old punched to the ground in anti-Semitic attack in Berlin

Published

on

A teenager hurled anti-Semitic insults at a 76-year-old man in Berlin before punching him to the ground, police in the German capital said on Tuesday.

The 16-year-old, who was with a group, began harassing the man, who was not actually Jewish, in the city of Pankow district on Monday morning, police said.

The two men then got into an argument and the teenager punched the older man several times in the face, causing him to lose his balance and fall to the ground.

Police restrained the younger man before handing him over to his father.

The incident is being investigated as a politically-motivated crime.

Edited by Halima Sheji/Donald Ugwu

Continue Reading

Foreign

Thousands of documents on Nazi victims published online

Published

on

The Arolsen Archives International Centre on Nazi Persecution has published online thousands of documents on people persecuted by the Nazis.

A statement from the institution in the North Central German town of Bad Arolsen on Tuesday said it wanted to document the crimes of the Nazis and find missing persons.

“After World War II, the Allied occupying powers had a mammoth task in front of them.’’

The Arolsen Archives have now made these documents freely accessible via the internet.

In the U.S. occupied zone alone, 850,000 documents with information on 10 million names were created.

In order for the information to be retrieved quickly, the Arolsen Archives have obtained support from an online platform for genealogy research.

The research is to help with the processing, provision of data and publication of the documents in the organisation’s own online archive.

Giora Zwilling, the head of unit at the Arolsen Archives said “the data collected by Ancestry enrich our online archive with a wealth of valuable information, such as the whereabouts of foreign forced labourers.

The Arolsen Archives have the world’s most comprehensive archive on the victims and survivors of the Nazi regime.

The collection is backed up by the former Nazi victim search service, the International Tracing Service (ITS).

These references to around 17.5 million people form part of the UNESCO world documentary heritage.

Edited by Hadiza Mohammed/Donald Ugwu

Continue Reading

Foreign

GIZ supports AU Border Programme with €18m -Official

Published

on

Ludwiz Kirchner, Economic Community of West African States (ECOWAS) GIZ Cluster Coordinator says it has renewed its support for African Union (AU) Border Programme with 18 million Euros from 2020 to 2022.

Kirchner made this known on the sidelines of the Workshop on Regional Review and Planning of the African Union Border Programme in West Africa on Tuesday in Abuja.

“The African Union Border Programme was quite a successful programme, the fourth phase has been established with a total of 18 million euros that will be allocated to different countries but with the focus on the West African Region.

“With already three phases at the beginning starting with demarcation activities, but more and more has moved also to border management and cross border initiatives especially for trading and better environment at the border areas.

“It has been very successful, and it was from all sides, the German sides and also from the partner side to continue with the programme.

“The main purpose is to develop the border area because mostly border areas are so remote and somehow also not in the focus of the government services, so there is a need for development in the border areas“.

For his part, Adamu Adaji, Acting Director General, National Boundary Commission, said the workshop aimed to review the support of the German Government to the AU Programme as it enters the fourth phase.

`The programme is to review the support of the German Government over the years, as it now ends its third phase and commences the fourth phase, beginning from 2020.

“The German Government had as part of their policy, provided support to the African Union Border Programme to some West African Countries; Nigeria became a beneficiary of that support just two years ago.

“The support has enabled us to partner with Niger Republic to put more pillars along our common international boundaries, and the support has also enabled us to provide eight solar powered boreholes to our border communities and have a very peaceful international boundary regime with our neighbours.“

According to the Acting DG, with the support from the German Government, affected countries will work out modalities to ensure that their boundaries are well defined as expected.

He said: “part of the support is also to provide facilities that will engage the affected border communities so as to curb the rate of crime and other vices along our international boundaries“.

The Nigeria News Agency reports that the Germany government has a long-standing cooperation with the African Union and its Member States in several areas.

Edited by Ismail Abdulaziz

Continue Reading

Latest News

© 2019 NNN NEWS NIGERIA. EDITOR@NNN.COM.NG