Aoun elected Lebanese president, ending power vacuum

Lebanon’s parliament on Monday elected former general Michel Aoun president, ending a vacuum and political stalemate of more than two years. After four rounds of voting, including two unexpected repeat votes, Aoun won support from 83 lawmakers, easily clearing the 50-percent-plus-one majority required. The final tally included 36 blank votes and eight void ballots. Aoun, […]

Afreximbank to unveil initiative against Africa’s $50b illicit flows

President, AfreximBank, Dr. Benedict Oramah Seeks strengthened financial control, corporate governance African Export-Import Bank (Afreximbank) has said it would soon unveil an online tracking scheme that would help to fight the perennial illicit financial flows in the continent now estimated at $50 billion yearly. Tagged: “African Customer Due Diligence Repository Platform”, the regional trade bank […]

Should FG privatise or rehabilitate refineries?

Port Harcourt Refinery Professor Akpan Ekpo (Director General, West African Institute for Financial and Economic Management) On the issue of the refineries, the government should commercialise rather than privatise. This means that the government would still own substantial equities, but allow private individuals to manage the refineries. The government will still own a large percentage […]

The 10 sexiest cities in the world

It’s World Cities Day this week (Oct 31). To mark the occasion, we’re looking at the world’s sexiest cities. From liberal attitudes to classic romance, these cities are the most sizzling and sensual on Earth 1: Rio de Janeiro Dancer at Rio Carnival (Dreamstime) Think ‘sexy city’ and you instantly think of Rio de Janeiro. […]