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Privatising Nigeria’s NNPC critical to growth

Opposition candidate Atiku Abubakar promises ahead of forthcoming elections

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Atiku Abubakar, major challenger in Nigeria’s forthcoming presidential elections says he is committed to privatising the state oil company,  the Nigerian National Petroleum Company, if elected. 

Speaking with the country’s business community in the commercial capital of Lagos on Wednesday, Atiku disclosed that he intends to break up the NNPC to curb corruption in the oil industry and increase investments in the sector to improve job creation. 

“I am committed to privatising NNPC. Even if they are going to kill me I’ll do it. With the electricity sector, it is the same thing I stand for”, Atiku told his audience. 

Atiku Abubakar, a businessman who served as vice president between 1999 and 2007, has portrayed himself as a champion of the private sector and promised during his campaign to succeed President Muhammadu Buhari that he will double Nigeria’s economy to $900 billion by 2025.

Oil sales make up around two thirds of government revenue in the country.

Nigeria’s power sector was privatised in 2013 but the government retained control of some areas, and its ballooning debts to energy companies has left it mired in financial crises while holding back investment. 
The main opposition candidate is also promising that he would eliminate multiple exchange rates to attract foreign investments, as Nigeria’s foreign direct investment has been on the low. 
Nigeria has atleast three exchange rates which the central bank introduced at the height of a currency crisis triggered by low oil prices. Abubakar also plans to remove a costly fuel subsidy and identify government enterprises to privatise.

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East Africa News & Stories

DR Congo military kills 16 militiamen in northeastern region

A spokesperson for the military said militia positions were targeted in Walendu Pitsi sector, killing 16 militiamen and capturing one

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DR Congo military kills 16 militiamen in northeast region
Soldiers of the Armed Forces of the Democratic Republic of the Congo (FARDC). (Photo by JOHN WESSELS / AFP)

The military in DR Congo said on Tuesday that sixteen militiamen have been killed in the northeastern part of the country, an area where ethnic violence has left at least 160 dead and forced hundreds of thousands to flee in the past two weeks.

A spokesperson for the military said militia positions were targeted in Walendu Pitsi sector, killing 16 militiamen and capturing one.

“At the moment, operations are concentrated around the Kpadruma locality where there is violent fighting,” Lieutenant Jules Tshikudi, a provincial army spokesman, told reporters.

He said;

“The soldiers of the armed forces of the DRC have chased attackers from several localities which they were occupying and sowing insecurity.” 

He also added that four AK47 rifles were recovered.

Lieutenant Tshikudi did not reveal the name of the group that was targeted, but there have been repeated outbreaks of violence between different ethnic groups in that area.

Between 10 and 12 June, there was a flare-up in violence in the Djugu region in DRC’s volatile Ituri Province which led to the deaths of at least 160 people, local authorities said. Earlier death tolls put the figure at somewhere between 50 and around 70.

The UN refugee agency has voiced deep concerns over the developments, which it said had seen “multiple attacks” involving the Hema and Lendu ethnic groups since early June.

The agency has said the recent wave of violence in the area has forced more than 300,000 people to flee their homes, with “large-scale displacement” reported in three of Ituri’s five administrative territories, with people fleeing unrest in Djugu territory especially.

The region which is known to be rich in gold, has experienced extreme violence before, with deaths numbering tens of thousands due to clashes between the Hema and Lendu form the periods of 1999 to 2003.

The DRC counts an estimated 4.5 million internally displaced people. Ituri and North Kivu province, just to the south, are battling with a major epidemic of Ebola that has claimed more than 1,400 lives since August last year. Both provinces are in the eastern part of the DRC, where the country shares its border with Uganda.

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Zuma’s lawyer says he will attend ‘prejudiced’ graft inquiry

Jacob Zuma, who was forced out of office last year over corruption allegations, has denied any wrong doings

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Jacob Zuma will attend ‘prejudiced’ graft inquiry -lawyer
Former South African President Jacob Zuma speaks with his lawyers at the High Court in Pietermaritzburg. (Photo by Themba Hadebe / POOL / AFP)

South Africa’s former president, Jacob Zuma, will attend a judicial inquiry into government graft during his tenure even though he believes it is prejudiced against him, his lawyer said.

Zuma’s lawyer Daniel Mantsha, on Tuesday, said:

“He is going to the commission as invited from July 15-19.”

However, “our client remains of the view that the commission is prejudiced against him and lacks the requisite impartiality,” Mantsha wrote separately in a letter to the inquiry seen by reporters.

It wasn’t specified in the letter if Zuma would testify or answer questions. It described last week’s invitation from the commission for Zuma to attend – in which it said he had been implicated in graft by at least nine witnesses – as part of a “disinformation campaign”.

The primary brief of the inquiry is to investigate corruption allegations, notably at state firms Eskom and South African Airways, which are in serious debt after years of mismanagement.

It is reviewing accusations that three prominent businessmen – brothers Atul, Ajay, and Rajesh Gupta — unduly influenced Zuma during his presidency about political appointments and the awarding of state contracts.

Jacob Zuma, who was forced out of office last year over corruption allegations, has denied any wrongdoings.

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East Africa News & Stories

Kagame calls out the West’s ‘human rights superiority complex’

Kagame said compared to what it was 25 years ago, Rwanda is now a different country

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Kagame criticises West's 'human rights superiority complex'
Photo credit: AFP

In an interview with French TV broadcaster, France24, Rwandan president, Paul Kagame has termed criticisms of his country’s human rights record as “rubbish” and “ridiculous”.

Kagame said compared to what it was 25 years ago, Rwanda is now a different country.

He challenged the host of the program to look at what he called Europe’s failing human rights record, particularly the way migrants have been treated.

“[Europe] is violating people’s rights, with this problem of people being bundled and sent back to sink in the Mediterranean and so many being mistreated in your own country”, he said.

He further added that criticisms from the West were tinged with a superiority complex:

“You really need to stop this superiority complex nonsense about human rights.

“You think you are the only ones who respect human rights, all others are about violating human rights. No, we’ve fought for human rights and freedoms for our people much better [than] you people who keep talking about this nonsense.”

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