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By Abdul Rahman Suagibu – The ECA Executive Secretary – Vera Songwe, told African Central Bank Governors that concerns around Africa’s rising sovereign debt should not focus so much about its level, both rather the ability to pay for it. Elaborating on this point, she emphasized that managing debt dynamics well is all about implementing good fiscal policy which in turn is linked to effective monetary policy. Songwe was speaking at the 42nd Annual Meeting of the Association of African Central Banks held on 31st July in Kigali. The theme of the meeting was Rising African Sovereign Debt Implications for Monetary Policy and Financial Stability. “When we talk about increasing Africa’s sovereign debt immediately people worry that we are overspending. But it is not only about the level...

BY YESMAN ANTOH- NEW AFRICA DAILY NEWS- SOUTH SUDAN has commenced the process of transferring cash to some 288,000 girls in order to keep them in school amid high school dropouts due to more than five years of conflict. Team Leader of Girls in Education, South Sudan (GESS), Akuja De Garang, supported by the UK Department for International Development (DFID) said the second phase of the programme will provide cash transfers to more than 288,000 girls across the country that have been validated to receive the payment. “The GESS cash transfers help to remove the financial pressure of going to school, as well as encourage enrollment, regular attendance and retention of girls in school,” Garang told journalists in Juba. “We are proud to announce the start of the cash transfer process. In...

BY YESMAN ANTOH- NEW AFRICA DAILY NEWS- REPORTS FROM Tanzania has indicated that plans are far advanced to establish Nyerere National Park in the Selous Game Reserve, a UNESCO heritage site. The permanent secretary in the Ministry of Natural Resources and Tourism, Adolf Mkenda, said the ministry will officially table a resolution in the next Parliamentary session for the establishment of the Nyerere National Park in the Selous Game Reserve. “The ministry will deploy a team of experts to the reserve to start the re-demarcation process upon the approval of the resolution,” Mkenda told a news conference in Morogoro region” the official added. “Today we have a management meeting to discuss the proposed initiative. After tabling it in parliament, we hope the president will approve it...

BY YESMAN ANTOH- NEW AFRICA DAILY NEWS- MANY GOVERNMENTS are making progress in the fight against tobacco use, but the World Health Organization’s latest tobacco report shows more could be done to help people quit the addictive substance. ‘Quitting tobacco is one of the best things any person can do for their own health,” WHO Director-General Tedros Adhanom Ghebreyesus said in a press release published on Friday. About 5 billion people, or 65 percent of the world’s population, are now covered by at least one of the WHO’s recommended anti-tobacco measures launched in 2007, according to the WHO report on the global tobacco epidemic 2019. The number has more than quadrupled since 2007 when only about 1 billion people, or 15 percent of the world’s population, were...