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Deport Foreign Nationals And Get Our Votes: South Africans Tell Julius Malema

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Deport Foreign Nationals And Get Our Votes: South Africans Tell Julius Malema
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Deport Foreign Nationals And Get Our Votes: South Africans Tell Julius Malema

Julius Sello Malema, founder, Commander-in-Chief and President of the Economic Freedom Fighters (EFF), a South African Political Party, disclosed in a chat with Newzroom Afrika that some South Africans have threatened not to vote for him unless he pledges to back the deportation of foreign nationals back to their respective countries.

Malema, many say has his eyes set for the Office of the President of South Africa in 2024.

Sello, who is popularly known with his adorned red beret, has always maintained that “no African is a foreigner in Africa.”
He was a global voice against Xenophobia and looting of foreign-owned shops when crisis ravaged the “rainbow nation” years ago.

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He, however, pledged that he rather be a President of his children at home than back the deportation of foreign nationals; a decision that has drawn the ire of many South Africans who have pledged to punish his party at the polls.

“Someone said to me ‘if you want us to vote for you in 2024 you must abandon this thing of foreigners.’ I’m prepared to go home. I’m fine. I will never take a platform and denounce Africans. I will never do it. If it means votes are going, let them go. I’m prepared to go home. But to take a platform and please the White minority by pointing a finger at other fellow Black brothers, I’m not going to do that. When I see a Nigerian or a Zimbabwean or a Congolese or Ghanaian, I see myself.

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“The EFF can do internal research to see how much this thing is hurting the EFF, but I am not prepared to take a platform to say, ‘Foreigners must go home.’ I would rather not be the president of South Africa. I will be the president of my children at home. We will practise Cabinet issues there. I don’ want. You mean I should go and tell these hungry Zimbabweans to leave and when I tell them to leave, I send them where?”

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Cryptocurrencies Bear High Risks – Putin

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Cryptocurrencies Bear High Risks - Putin
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Cryptocurrencies Bear High Risks – Putin

On Tuesday, Vladimir Putin, President of the Russian Federation, voiced his criticism regarding the state of the criticism sector at the “Russian Calling” investment forum in Moscow.

According to local news outlet lenta.ru, the president made the following remarks, as translated: “It is not backed by anything, [and] the volatility is colossal, so the risks are very high. We also believe that we need to listen to those who talk about those high risks.”

Putin called for the greater monitoring and regulation of cryptocurrencies and pointed out that certain countries worldwide are seeing significant adoption of digital currencies. Currently, cryptocurrency regulation is still in its infancy in Russia. Although the government is considering the launch of a central bank digital currency, at least eight federal laws and five legislative codes must be changed for the digital ruble to take effect.

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Cryptocurrencies Bear High Risks – Putin

Furthermore, no regulation exists in the country regarding cryptocurrency mining. This has led some to claim that $2 billion in crypto mining revenue is generated annually in Russia, but on that, no taxes are paid. Due to the lack of a regulatory framework, cryptocurrency use has soared among ordinary Russians, with transactions surpassing $5 billion each year.

In other parts of the former Soviet Union, cryptocurrencies are also rapidly gaining in traction. Kazakhstan has become the world’s largest Bitcoin (BTC) miner by hash rate, and its president is seeking to collect more taxes from such activities to fund the country’s expenses. In Ukraine, the government is actively encouraging legal crypto operations. Last year, the city of Olsztyn, Poland, began adopting the Ethereum (ETH) blockchain for emergency services.

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AfDB postpones 2021 Africa Investment Forum over Omicron outbreak

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AfDB postpones 2021 Africa Investment Forum over Omicron outbreak
President of the African Development Bank, Akinwumi Adesina
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AfDB postpones 2021 Africa Investment Forum over Omicron outbreak

The Africa Development Bank has postponed the 2021 Africa Investment Forum due to the recent outbreak of the Omicron variant of the COVID-19 virus.

The AfDB made the announcement in a statement on its website on Monday.

The event which was scheduled to hold from December 1 -3, 2021, and hosted by the Ivory Coast Government in Abidjan, the country’s economic capital, has now been postponed until further notice.

In the statement, the AfDB President, Akinwumi Adesina, noted that the AIF presented the opportunity for countries and investors to seek business opportunities.

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He, however, stated that the health and safety of attendees was of the utmost importance.

He said, “The Africa Investment Forum is the premier investment marketplace for Africa. Several billion dollars of investment projects were scheduled for investment board rooms with project sponsors and investors at this edition of the Africa Investment Forum.

“Unfortunately, with rising global travel restrictions due to the Covid-19 Omicron variant, and heightened concerns for health and safety, it is necessary, regrettably, to postpone the event. The health and safety of everyone comes first.

Punchng.com

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China sets to takeover Uganda international airport over bad loans

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China sets to takeover Uganda international airport over bad loans
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China sets to takeover Uganda international airport over bad loans

The African country may have to hand over its only international airport to China as part of the terms of a loan agreement.

Uganda may have to surrender its only international airport, Entebbe international airport to China as dictated by the terms of a loan the country signed with the Export-Import (EXIM) Bank of China in 2015. The state’s officials have been seeking to renegotiate the unfavorable parts of that agreement with China recently without success which may mean the airport will have to be surrendered to China eventually.

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Under normal circumstances, the Ugandan Civil Aviation Authority (UCAA) would have been able to protect its asset through the protection of the state’s sovereign immunity but the state waived the immunity on airport assets in the 2015 deal. The attempts by Ugandan officials to renegotiate those terms continue to be rebuffed by the Chinese Exim Bank, leaving the Ugandan state in limbo on the matter.

This loan deal going ugly plays into the theme of the debilitating loans that the United States Secretary of State alluded to earlier this month about China tying African countries to funding agreements that are not so profitable for the continent over the long term.

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