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The government of Morroco has said that the FATF’s decision on Friday to take them off the “grey list” of nations subject to extra surveillance will strengthen Rabat’s position in negotiations with international financial institutions. FATF is an intergovernmental financial crime observatory. It sets worldwide money laundering and terrorism funding criteria and assesses country compliance. Last month, a central bank official said removing the “grey list” of countries subject to increased scrutiny to implement these criteria would help Rabat reclaim a higher investment rating. Morocco has announced its plan to issue dollar-denominated notes. While permitting BNP Paribas, Citi, Deutsche Bank,…
Ahead of the Commonwealth Parliamentary Conference (CPC), Ugandan Speaker of Parliament urged Ugandan Members of Parliament to be well behaved. The East African country will host the event. The Speaker of Parliament, Rebecca Kadaga, cited that the legislators should observe etiquette, respect the official dress code, and avoid irresponsible sexual behavior, according to local media. “When you ‘load’ your plates, don’t overload, don’t mix dessert and meat, pineapple and matooke, and the soup.” “While eating, even when you are hungry, don’t rush.” Speaker Kadaga mentioned that many Ugandan Members of Parliament had gotten pregnant after being involved with Tanzanian delegates.…
Do you worry about how to change the way you work on an iPad? Apple’s new Magic Keyboard for iPad Pro is here for you, with excellent keyboard and trackpad. It can support recent versions of Apple’s high –end tablet function, and you can pull off the screen. Microsoft has been selling surface computers with full keyboards, detachable display, and trackpads. On the other hand, Apple initially focused on touch with keyboards being an afterthought. However, Apple seems to understand the demand for hybrid laptops- tablets. The problem with surface and PC hybrid is running a full version of Windows.…
The African continent has produced many leaders. Some leaders are infamous for their acts while in leadership, while others are famous for their great and significant achievements that have helped some states be where they are today. This article will talk about some of these leaders. Idi Amin Idi Amin Dada was a Ugandan military officer who served as the UG President from 1971-1979. The world considers him as one of the most brutal despots in the world’s history. Idi Amin was born in Koboko to a Lugbara mother and a Kakwa father. In the mid-20th century (1946), he joined…
Overview On Recession Recession refers to a drop in economic performance. This is the period whereby a particular country’s economy temporarily declines, and its trading activities are disappointing. There is also a significant fall in the Gross Domestic Product between two fruitful quarters. Economy In Japan Japan experiences a free market economy. This is an economic system whereby its prices get determined through unrestricted competition between privately owned businesses. It is located on the Asian continent, Tokyo being its capital city. As a country, it is the 2nd most developed in terms of economic approach and 3rd largest in terms…
MTN Zambia is ready to introduce a new set of digital products to the Zambian market. These products are an effort to “provide benefits of a modern lifestyle to its customers” says Lisa Mulozi, Manager of communications at MTN Zambia. The new products are expected to enhance customer experience and deepen digital inclusion, as stated by MTN Zambia’s CMO, Seun Soladoye. “Our customers are always at the center of what we do. And we are always working hard to ensure that we deliver the most and best innovative products and services at an affordable cost. This goes along with our…
Gone are the days when Africa was known for being poor and underdeveloped. But, the past two decades have seen Africa experience economic and infrastructural growth. More development is expected to take place by 2030. The emerging technologies are also revolutionizing how Africans solve problems. In 2016, a lot of countries globally suffered major challenges. These include; unstable financial markets, refugees’ crisis, inequality, political instability and social fragmentation. Despite all these challenges, Africa was resilient enough to experience a 3.7% growth in GDP in 2016. But that’s not to say these troubles didn’t take a toll on most of Africa’s…
As this year is almost over, every person who lived during this moment will never forget how bad it was. It all started with losing prominent people on earth and then the coronavirus disease made it even worse. China was the first country to report a case of the coronavirus. It later spread to other regions including the African continent. Things seem towards the normal and international flights resume in Nigeria. The World Health Organization gave instructions to the health authorities in Africa to help them curb the spread of the virus. Countries began declaring lockdowns that resulted in businesses…
It has been one week since the coups failed to overthrow the Sudan government. The leader, who ruled out the matter, said the army must be reformed. Some top army officials will be sanctioned because of this matter. Abdel Fattah al-Burhan, the Chief General, admitted that they must reorganize the armed forces. As the investigation continues, any suspected army involved will be cut off. However, the government should remain pure with loyal armies ready to protect citizens and not disrupt the government. The general chief opened up in a meeting at Khartoum hospital. The current work of the…
Trade is an important economic activity in a country or any area. People get to exchange goods and services with one another. This enables a country to possess what it might not have. The World Trade Organization is the biggest international economic association that controls international trade between states. Recently, there is a 2020 selection process whereby the officials in the body need to select a new director-general. Out of these candidates, 3 are from the African continent. The question is the difference an African leader can bring to trade if people get to choose one of them. What is…
