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Afreximbank Opens Gateway-Branch for Central Africa in Cameroon

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By Mathew Dadiya, Abuja

The African Export-Import Bank (Afreximbank) Wednesday, opened a new branch office in Yaounde, the capital of Cameroon which would serve as the Bank’s gateway to the Central African region.

Afreximbank’s Executive Vice President for Business Development and Corporate Banking, Amr Kamel said this during a roadshow organised in Yaounde to present the Bank’s products, programmes and facilities to the business community in the region.

The Director, Communications and Events, Afreximbank; Obi Emekekwue in a statement, quoted Mr. Kamel as saying that the office would bring the Bank closer to local businesses in the region.

“We are in the final stages of discussions with the Government authorities to open the branch office,” he told the audience of more than 250 business leaders from all the key sectors of the Cameroonian economy.

Kamel noted that many African countries were taking strategic steps towards decommoditizing their exports and implementing industrialization strategies, saying that they were tired of being heavily commodity-dependent.

“Many Africans could no longer accept a situation where their development aspirations were defined by the vagaries of the international commodity markets,” he explained.

He commended the role given to Afreximbank in mobilizing all parties towards the attainment of the goals of Cameroon’s Vision 2035 and pledged that the Bank was committed to assisting both the government and the private sector.

Luc Magloire Mbarga Atangana, Minister of Trade of Cameroon, commended Afreximbank for the decision to hold the roadshow in Yaounde and for selecting Cameroon to host the Central Africa Branch Office.

He urged the business leaders in attendance to take full advantage of the services offered by Afreximbank in order to exploit the opportunities opened up by the implementation of the African Continental Free Trade Area (AfCFTA).

Atangana noted that, with the AfCFTA, Africa had become one huge market of 1.2 billion people to which businesses in Cameroon and the Central Africa region could sell their products.

In the presentations that followed, members of the Afreximbank business team discussed the various products, programmes and facilities offered by Afreximbank to promote and support trade across Africa.

The presentations covered intra-African trade; export development and project finance; trade finance; specialised finance; and guarantees.

On December 10, Afreximbank organised a similar roadshow in Douala, Cameroon, which also attracted more than 250 business leaders representing the various sectors of the economy.

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Ododo Clears N98.8 Billion Debt, Tasks Officials On Grassroots Engagement, Local Patronage

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From Joseph Amedu, Lokoja

Governor Ahmed Usman Ododo has charged government officials to remain close to the grassroots and ensure constant engagement with the people, noting that such connection is key to responsive governance. Ododo gave the charge during the State Executive Council Meeting held in Lokoja on Monday.

“We are in government to serve the people, and that means staying connected to their needs and aspirations,” the Governor said.
As part of efforts to boost the local economy, the Governor also directed all government officials to wear Made-in-Kogi fabrics as a show of support for indigenous industries. He encouraged Kogites to take pride in local products and lead a cultural and economic renaissance from within.
Also Briefing journalists after the meeting, the Commissioner for Information and Communications, Hon. Kingsley Femi Fanwo, said the administration is committed to making governance more visible and impactful. “Governor Ododo is driving a government that listens, learns, and leads from the grassroots. His directive on Made-in-Kogi fabrics is a strategic move to grow our economy and export our identity,” Fanwo said. On infrastructure, Fanwo disclosed that perimeter fencing at the Confluence University of Science and Technology (CUSTECH), Osara is 90% completed, while both male and female hostels have been completed and are already housing students. Similar projects at the Kogi State University, Kabba, are progressing satisfactorily. To improve public safety, the Council also approved a bill to restrict the movement of heavy trucks during peak hours. Another bill was approved for the establishment of the Kogi State Agency for Climate Change as part of a forward-thinking response to global environmental challenges. In a separate briefing, the Commissioner for Finance, Budget and Economic Planning, Mukadam Asiwaju Asiru Idris, announced that the Ododo administration has fully liquidated N98.8 billion in debts inherited from previous administrations within just 15 months. The breakdown includes,N8 billion in bonds from the Idris Wada administration,N50.8 billion salary bailout from the last administration,N10 billion ECA-backed infrastructure loan,N15 billion infrastructure loans from Zenith Bank and another N15 billion from UBA Plc.“This is a landmark achievement. His Excellency Governor Ododo has demonstrated fiscal discipline and commitment to economic recovery. Within 15 months, we have cleared N98.8 billion in inherited debt,” Idris said.He added that Fitch Ratings has upgraded Kogi State’s credit rating from ‘B-’ to ‘B’, with a stable outlook, citing prudent financial management. As of September 30, 2024, the state’s debt profile stands at N40.5 billion, placing it on a strong path to debt sustainability.

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France to Partially Ban Smoking in Public Areas to Protect Children

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 France is to ban smoking in public outdoor spaces, including beaches, parks, school zones, bus stops and sports facilities starting July 1 as part of a nationwide effort to protect children.

Health Minister Catherine Vautrin said where there are children, tobacco must disappear.

She added that plans  to lower the nicotine content in vaping products and reduce the number of flavours available.

“Anyone who violates the new smoking ban will have to pay a fine of 135 euros (153 U.

S. dollars).

“The regulation is to be monitored by the municipal police.

“My goal is both simple and deeply ambitious: to ensure that children born in 2025 become the first smoke-free generation,” the minister said.

The new nationwide smoking restrictions, many of which were already in place at the local level, are designed to support that vision, she said.

However, outdoor seating at cafés and the use of e-cigarettes is exempted from the ban, but young people should no longer smoke outside schools.

The minister said that the size of the area around schools where smoking would no longer be permitted in future was still being determined.

The regulation should also prevent pupils from going outside the building to smoke.

In 2023, 15.6 per cent of 17-year-olds said they smoked, compared to twice as many 10 years earlier.

Smoking remains the leading preventable cause of death in France, responsible for 75,000 deaths annually or more than 200 per day, the health minister added.

Vautrin noted that it has been proven that prevention reduces the risk.

She also noted the economic toll, with cancer costing the country 150 billion euros per year.

Vautrin emphasised that the right to smoke is not being abolished.

“People are free to smoke at home or in designated areas. But that freedom ends where a child’s right to clean air begins.” (dpa/NAN)

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Tinubu Repositioning Nigeria for Sustainable Growth – Gov. Yahaya

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Gov. Yahaya of Gombe State has lauded President Bola Tinubu for the implementation of viable social and economic reforms geared towards repositioning Nigeria for sustainable development.

The governor felicitated with the President and his deputy, Vice President Kashim Shettima on the occasion of their second anniversary in office.

Yahaya, in a goodwill message by his media aide, Mr Ismaila Uba-Misilli, said Tinubu’s bold reforms would reposition Nigeria on the path of sustainable growth.

He described Tinubu’s two years in office as those of courage, bold reforms, and purposeful governance under its Renewed Hope Agenda.

“President Tinubu has taken decisive steps to reposition Nigeria on the path of sustainable growth,” he said.

Yahaya said that Tinubu had initiated viable infrastructure development projects such as the Lagos – Calabar Coastal Highway and the Sokoto-Badagry Road, as landmark efforts to bridge developmental gaps and stimulate the economy.

According to Yahaya, these projects, along with other strategic interventions in energy, agriculture, transportation, and the digital economy, are gradually laying the foundation for a more prosperous and resilient Nigeria.

He acknowledged Tinubu administration’s renewed drive to tackle security challenges, describing the intensified campaign against insurgency, banditry and criminality as “commendable.”

Yahaya, who is also the Chairman, Northern Governors’ Forum (NGF), also applauded the president’s inclusive and consultative leadership style, fostering national unity and renewed confidence in governance.

“The Northern region is already feeling the ripple effects of Tinubu’s policies through the improved Federal Government collaborations, increased access to social investments, and targeted empowerment programmes for youths, women and vulnerable groups.”

He further prayed for continued divine guidance, good health and greater wisdom for Tinubu as he steers the nation toward peace, equity and development. (NAN)

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