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Ahead of its 61st independence anniversary in June 2021, the Democratic Republic of Congo has announced that it will build a mausoleum for its first Prime Minister Patrice Lumumba. 'On the sidelines of the celebration of the 61st anniversary of our independence, the country will show its gratitude to the Prime Minister Patrice Emery Lumumba,...
The post Finally, DR Congo will build a mausoleum for its independence hero Patrice Lumumba appeared first on Face2Face Africa.
In May, Burundi held a presidential election which was won by Evariste Ndayishimiye, candidate of the ruling National Council for the Defense of Democracy - Forces for the Defense of Democracy (CNDD-FDD) party.
Ndayishimiye was hurriedly sworn in after the untimely death of president Pierre Nkurunziza in June.
Rights violations continue
The Council encouraged donor countries which had suspended aid to Burundi to continue dialogue towards resumption of development assistance.
A report by a UN watchdog in September said human rights violations were still being committed in Burundi, including sexual violence and murder.
The country was plunged into a crisis in April 2015 when Ndayishimiye’s predecessor Pierre Nkurunziza decided to run for a controversial third term, which he ultimately won in July 2015.
His candidature, which was opposed by the opposition and civil society groups, resulted in a wave of protests, violence and even a failed coup in May 2015.
Hundreds of people were killed and over 300,000 fled to neighboring countries.
[New Times] The military prosecution has sought life sentence for a group of 32 people led by Maj (Rtd) Habib Mudathiru, accused of plotting acts of terrorism against Rwanda.
COLOMBO — A 2019 presidential candidate and former member of parliament in Sri Lanka is accused of money laundering, involving the alleged mastermind of the 2019 Easter bomb attacks in the capital of Colombo. M.L.A.M [...]
Senate Majority Leader Chuck Schumer (D-N.Y.) said Monday that Joe Biden is considering cancelling $50,000 in student loan debt for low income students.
'In France, a skinny man died of a big disease with a little name/by chance his girlfriend came across a needle and soon she did the same…' That's how one …
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As President-elect Joe Biden and Vice president-elect Kamala Harris continue to staff their incoming administration, plans are underway for the nation’s 59th inauguration. The inaugural ceremonies are slated to take […]
The post Plans Are Underway For Inauguration Of Joe Biden And Kamala Harris appeared first on Essence.
… , would be the first African-American to lead the Pentagon, … combat and the first African-American to command an entire … will be the first African-American to helm the Defense Department … other was Jeh Johnson, another African-American who was the Pentagon…
Free Four-Part Series December 8th, 9th,15th,16th, made possible in part by the City of Oakland CARES Act Funds Oakland, CA - Starting this week, on Tuesday, December 8th from 6-8pm, BWOPA’s Oakland/Berkeley Chapter is offering four (4) workshops to boost your business savvy. Created in partnership with the Urban League of the Greater Bay Area, […]
The post BWOPA’S BUSINESS BOOTCAMP FOR ENTREPRENEURS, FREELANCERS AND SMALL BUSINESS OWNERS first appeared on Post News Group.
The Supreme Court rejected a request by Pennsylvania Republicans to block the certification of the state’s election results in President-elect... View Article
The post Supreme Court rejects Republicans' attempt to block Biden Pennsylvania win appeared first on TheGrio.
[Rwanda Govt] Kigali -- President Kagame has on Sunday joined catholic faithfuls from across the country at Kigali Arena, in a thanksgiving in honour of the first ever Rwandan cardinal His Eminence Antoine Kambanda.
Breakdancing is now an official Olympic sport.
ZIMBABWE Stock Exchange-listed property firm Mashonaland Holdings says it has deferred the reconfiguration of the iconic Charter House building in Harare into a hotel to the first quarter of 2021. BY FIDELITY MHLANGA In a statement accompanying the company’s financial results for the year ended September 30, 2020 board chairperson, Grace Bema said the Charter House plan was part of several projects whose implementation had been affected by the COVID-19 outbreak. The multi-storey Charter House, which towers above a sea of mostly empty high-end properties in central Harare, is one of the oldest real estate gems in Harare. But it has not been spared by an exodus of businesses from the central business district due to congestion and an influx of informal businesses. Many other buildings within this zone have also been earmarked for reconfiguration into other uses, such as residential properties. “The Charter House reconfiguration to a boutique hotel was equally delayed by the pandemic with on-site works now targeted to begin in Q1 2021 (first quarter of 2021),” Bema said. “However, the Bluff Hill cluster housing project is set to commence following the conclusion of the tender process. Construction of a model house for this project is scheduled for completion in Q1 2021. All the bricks required to complete the development have been procured and delivered on site,” she said. “Overall the COVID-19 pandemic has presented significant challenges to the property market, notably the tourism sector which has been left on its knees due to the global travel restrictions as the world grappled to contain the spread of COVID-19. However, the effect on other property market sub-sectors was not as dire as initially anticipated as reflected by the resilient occupancy and collection levels. However, the scaled down business operations due to the pandemic meant that most could not absorb upward rent reviews in a hyperinflation environment, especially when their businesses had been closed for an extended period due to the national lockdown,” she said. Bema said a key challenge for property developers was that construction costs remained high, while property market values were falling, rendering new developments inviable. “At the same time, building maintenance costs have risen sharply as contractors are indexing costs to the United States dollar based on the parallel market. The limited number of projects has also resulted in higher contractor charges in the absence of economies of scale. Resultantly, property owners have deferred non-critical building maintenance works which will likely have an impact on future values,” she said. Inflation adjusted revenue for the period increased by 30% from $133 million to $173 million, mainly attributed to rent reviews implemented during the year. The growth in occupancy levels from 77% to 79,2% also contributed towards revenue growth. Operating expenses to revenue ratio marginally improved from 50,3% to 50,1% as management exploited cost saving opportunities to protect profits. Operating profit to rev
Analysis - Every day, dozens of media pieces and articles discuss China’s presence in Africa. The focus is usually on China’s strategic interests, responses by the United States and Europe, or the social and environmental issues of Chinese investment. However, these discussions do not often explore the most important questions: does engagement with China support African countries’ economic development? Does it contribute to generating jobs and to forming more diversified and resilient economic struc
Outgoing President Donald Trump is considering a final, dramatic White House event to in an effort to outshine President-elect Joe Biden's Inauguration
South Africa’s gross domestic product saw an expected surge in growth between July and September this year. The country’s annual figures rose by 66.1 percent after the Covid-19 restrictions were uplifted.
The economy had in the prior three months recorded a contraction of 51 percent during the nationwide lockwide.
The Africa’s most industrious economy was in a major recession even before the pandemic hit and later on proceeded to a further contraction.
Compared with the same period a year earlier, GDP shrank by 6% in the third quarter after a revised 17.5% contraction in Q2.
This major growth was mainly recorded from manufacturing, trade, and mining.
However, the recovery remains vulnerable, with power shortages and slow structural reforms likely to weigh on sentiment.
Unemployment also remains low at 30 percent yet it needs 5 percent economic growth to guarantee jobs. But the current projected growth rate is expected to be -8 percent.