African leaders seek $100 billion from World Bank fund to finance economic recovery

23 African leaders set the goal in a joint declaration after the summit ABIDJAN, July 17 (NNN-AFRICANEWS) — African leaders gathered in Abidjan, Ivory Coast to plead with the World Bank for new aid plans to finance their economic recovery and better access to vaccines against Covid-19.The leaders are seeking…

South Africa: Pres Ramaphosa says unrest was ‘instigated’ as he visits affected areas

Hundreds of businesses were destroyed during the weeklong unrest DURBAN (South Africa), July 17 (NNN-AGENCIES) — The South African president on Friday visited the eastern province of KwaZulu-Natal to assess the extent of damage caused by looters.Cyril Ramaphosa said the events following the imprisonment of his predecessor Jacob Zuma were…

US Embassy in Nigeria cut down operations over insecurity

The United States Embassy in Abuja ABUJA, July 17 (NNN-AGENCIES) — The United States Embassy in Abuja says public operations have been reduced effective Friday.A statement posted on Facebook Thursday night called the development “a security precaution”.It noted that July 20 and July 21 are holidays in Nigeria and the…

Ghana: Finance Minister to move for adoption of Mid-Year Review Budget

Ken Ofori-Atta, Minister of Finance ACCRA, July 17 (NNN-GNA) — Ghana’s Minister of Finance, Ken Ofori-Atta, is expected to move for the adoption of the Mid-Year Review Budget Statement and Economic Policy of Government next week.The Mid-Year Budget, which is the Government’s supplementary estimate for the 2021 financial year, would…

Nigeria and Ghana negotiate special bilateral framework to end trade disputes

Ghana and its neighbouring community, Nigeria have had closed ties for years ABUJA, July 17 (NNN-AGENCIES) — The long standing dispute between Ghanaian retail traders and their Nigerian counterparts who have been engaged in retail trading activities in contravention of local investment laws – but allowed under ECOWAS protocols –…

US to see ‘several more months’ of high inflation, Treasury Secretary Yellen says

WASHINGTON, July 17 (NNN-AGENCIES) — Inflation will remain high in the United States for months to come but eventually retreat, Treasury Secretary Janet Yellen said.    The comments come after Labor Department data earlier this week showed record-setting increases in the consumer and wholesale prices, again fanning the debate over…

Covid-19: WHO eyes China lab ‘audits’ in next phase of Covid origin probe

   GENEVA, July 17 (NNN-AGENCIES) — The World Health Organization said the second stage of an investigation into the origins of coronavirus should include further studies in China and lab “audits”.   In a closed-door briefing to members states, WHO chief Tedros Adhanom Ghebreyesus said one priority in the probe…

Europe reels from worst floods in years as death toll passes 120

l Rhineland-Palatinate is flooded by the high water of the Kyll BERLIN, July 17 (NNN-AGENCIES) — Devastating floods have torn through entire villages and killed at least 128 people in Europe, most of them in western Germany where stunned emergency services were still combing the wreckage. Unsuspecting residents were caught…

All aboard survive after Russian plane makes emergency landing – Russian officials

Antonov planes seen at an airport Elizovo outside Petropavlovsk-Kamchatsky, Russia MOSCOW, July 16 (NNN-AGENCIES) — All people on board the An-28 plane that disappeared on radar earlier on Friday have been found alive after the aircraft made an emergency landing in Russia’s Tomsk region, officials said. Two children were among…

Update: Huge floods leave at least 110 dead in Europe

BERLIN, July 16 (NNN-AGENCIES) — The death toll from devastating floods in Europe soared to at least 110 on Friday, most in western Germany where emergency responders were frantically searching for missing people. Adding to the devastation, several more were feared dead in a landslide in northern Germany on Friday…