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You are here:Home>>Items filtered by date: December 2012
 
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  • Congo-Kinshasa: MSF Reinforces Response to DRC Ebola Outbreak in Boende
    [MSF]The lead teams from Médecins Sans Frontières (MSF) who arrived in the Boende health zone, in Republic democratic of Congo (DRC) 10 days ago were bolstered on Wednesday of this week by the arrival of 17 specialists, including doctors, nurses, logisticians, pharmacists, and hygiene and sanitation specialists.
  • Zimbabwe: Corrupt Ministers Face Jail - Mugabe
    [The Herald]Lloyd Gumbo -Cabinet ministers and senior Government officials must not be corruptible and those caught on the wrong side of the law will be prosecuted, President Mugabe has said. President Mugabe, who is winding up his week-long State visit here, said this on Thursday during an interview with Guangdong province's top television station, Guangdong TV. "Corruption, corruption is part of us to make a choice between right and wrong," the President asserted. "What is a right thing for us to do? The ethics of our actions."
  • Senegal: Senegal Confirms First Ebola Case - Riots Reported in Guinea City
    [VOA]Fears of Ebola spread deeper through West Africa Friday, as Senegal announced its first case and the World Health Organization shuttered its laboratory in Sierra Leone after a healthcare worker became infected with the highly contagious virus.
Sunday, 30 December 2012 02:44

Dim Ikemba Ojukwu: The controversial Will

‘ I, DIM CHUKWUEMEKA ODUMEGWU-OJUKWU… give all my moneys…to my wife Mrs. Bianca Odinaka Olivia Odumegwu-Ojukwu…’

 

"The late Ikemba Nnewi, Dim Chukwuemeka Odumegwu Ojukwu, willed all his money to his wife, Mrs. Bianca Odinaka Olivia Odumegwu-Ojukwu, according to the bromide of his will exclusively obtained by Sunday Vanguard.

 

The 16-point will, prepared by the firm of Sir Emeka Onyemelukwe & Associates, is entitled, ‘Codicil, Varying, Revoking and Adding to my Will’, and dated, 16 December, 2009. The document was signed by the former Biafran warlord as the testator and two witnesses: Engr Mse Ezenuba and Sebastian Ray Afadi. It was the first codicil to the late Ikemba’s will dated 9 July 2005. Paragraph 10 of the codicil states how Ojukwu envisaged that peace will reign among his brothers." - Tony Edike, Vanguard

 

 

 

Download (PDF, 4.42MB)

 

CODICIL

 

DIM CHUKWUEMEKA ODUMEGWU-OJUKWU

 

Prepared by

 

Sir Emeka |Onyemelukwe (KGS) (JP)

PP.  Emeka Onyemelukwe & Associates

Legal Practitioners

17 Kenyatta Street,

Uwani, Enugu.

 

CODICIL, VARYING, REVOKING AND ADDING TO MY WILL

 

I, DIM CHUKWUEMEKA ODUMEGWU OJUKWU, EZIGBO-GBURUGBURU, of NO. 7 Forest Crescent, GRA, Enugu, formerly residing at No. 4 Isiuzo Street, Independence Layout, Enugu, declares this to be a first codicil to my will which bears date, the 9th day of July 2005.

 

1. By my said will I gave absolutely to my wife Mrs. Bianca Odinaka Olivia Odumegwu Ojukwu, the real property, located at No. 7 Forest Crescent, GRA Enugu, Enugu State and property known as Plot No. 20 Cadastral B9, located in JABI DAM, Abuja and covered by Certificate of Occupancy NO. 4405.

 

1(a)     I hereby declare that those two properties have since been transferred to my wife, Mrs. Bianca Odinaka Olivia Ojukwu, by a Deed of Gift (Gift inter vivos)) already registered.

 

2. In paragraph 5 of that will, I gave the property known as Jubilee Hotel on Jubilee Road, Zaria, Kaduna State to my daughter, Tenni Hamman.

 

(a)  I have since sold that property.

 

3. In paragraph 9, 10 and 11 of my will, I devised and bequeathed my one hector each out of my 6 (six) hecters of land, located at Umuezena, Umudim, Nnewi, to my son Nwachukwu, my daughters, Nmegha; Ebele; Chineme and two hecters to my wife, Bianca Odinaka Olivia Odumegwu Ojukwu.

 

4. In view of the current problem in that parcel of land at Umuezena, Umudim, Nnewi, I direct that on resolution of the dispute between Obi Umezena and the Youths, what ever acreage or number of plots of land given to me shall be shared in the same ratio used in my will.

 

5. By my said will, in paragraph 12, I gave and bequeathed my interest in my mother’s property at Onwudiwe Street, Uwani, Enugu to my nephew Tom Bigger.

 

(a) Tom Bigger is my nephew to whom I devise and bequeath my interest at 56 Onwudiwe Street, Uwani, Enugu.

 

6. Also in  my will, in paragraph 13, I gave my interest in  my mother’s property at Thinker’s Corner, Enugu,Enugu State, to my nephew Robert Bigger.

 

(a)  Robert Bigger is my nephew, to whom I gave all  my interest in my mother’s plot of land at Thinker Corner Enugu. That plot of land is registered as instrument No. 29 at page 29, in volume 478 of the land Registry, Enugu.

 

7. I gave all my moneys in my account in Zenith Bank of Nigeria Plc. Bourdillon Street, Ikoyi, Lagos and Diamond Bank of Nigeria Plc. Garden Avenue, Enugu to my wife, Mrs. Bianca Odinaka Olivia Odumegwu Ojukwu, for the up keep of our children and herself.

 

8. OJUKWU TRANSPORT LTD

I hereby direct that on my demise, my wife Mrs. Bianca Odinaka Olivia Odumegwu Ojukwu shall take over my seat on the board of Ojukwu Transport Ltd. She may nominate any person of her choice to represent her in her absence at board meetings.

 

9. My wife, Bianca Odinaka Olivia Odumegwu Ojukwu shall retain my interest at No. 29 Queen’s Drive, Ikoyi, Lagos, which I fought hard to secure from the clutches of Lagos State Government.

 

10. I have thought about how peace shall endure within my brothers on the Board of Ojukwu Transport Ltd. And I have come to the conclusion that the Real Estate properties and companies shares of Ojukwu Transport Ltd. Be shared, except NNEWI HOUSE, which shall remain, the legacy, binding us an generations to come. This property at No. 1-3 Creek Road, Apapa, Lagos, shall still be owned by Ojukwu Transport Ltd. However, I suggest that my half brothers agree on one Estate Agent, who shall manage the property. Proceeds from that property shall be shared equally among the three sons of late Sir. L.P. Ojukwu yearly as a binding legacy for generations to come.

 

11. I hereby direct that on the sharing of the Real Estate properties of Ojukwu Transport Ltd. The shares accruable to me shall be shared equally between my children from Late Njideka Odumegwu Ojukwu and the children of Mrs. Bianca Odinaka Olivia Odumegwu Ojukwu.

 

12. I also direct that my daughters, Ebele Odumegwu Ojukwu and Tenni Hamman, be given a share of the Real Estate properties accruable to me.

 

13. I also demand that all the company shares owned by Ojukwu Transport Ltd. Be brought to a common pool and shared amongst the directors of the company.

 

14. I devise and bequeath my bungalow, at Abuja under Federal Housing Authority, HSE 41, 1st Avenue, 1(A) Road, Lugbe Estate, Abuja to my daughter Chineme. She shall own the property exclusively.

 

15. I devise and bequeath to my son Okigbo Odumegwu Ojukwu, my plot of land known as plot 10, Block 1, Thinkers Corner Enugu. He shall hold and enjoy the land exclusively.

 

16. In all other respects, I confirm my said will as modified by this Codicil.

 

IN WITNESS I have hereto set my hand this 16th day of December, 2009.

Ojukwu Jnr., his late father, Ojukwu and Bianca

*Debe OjukwuDebe Ojukwu

In June, two weeks after I returned from Nigeria, I got a message that another child had died from lead poisoning -- the 11th in the same family. I could picture the scene: the child starts convulsing; his parents rush him two hours over barely passable terrain on the back of a motorbike to the nearest town for medical treatment. By the time they reach the clinic, a temporary ward specifically for lead poisoning set up in the wake of the epidemic, it is too late, and another young life has been taken by this preventable tragedy.

 

Zamfara State, in northern Nigeria, has lost over 400 children to acute lead poisoning since 2010. The lead poisoning is a horrible by-product of small-scale gold mining, in which villagers use rudimentary tools to dig for rock ore and process it for its gold. In a cruel geologic twist, the ore in this part of Nigeria contains not only gold but also lead, and when miners crush and grind the ore, lead dust is released.

 

Before people knew about the lead poisoning, they would process the ore at home, coating entire living spaces in lead dust, which has yet to be cleaned up. Now, miners in this area process ore away from their village, but the dust still settles on their clothes and, when they hold their children at the end of a long day, the children get the dust on their hands, inevitably put their hands in their mouths, and ingest toxic levels of lead.

 

On a recent visit to Bagega, the largest and most contaminated town, we were able to measure lead levels in some of the houses. Every home we went to was dangerously over what is considered a safe limit. In the home of the child who died in June, the lead level was almost 60 times the safe limit. While we talked to their distressed parents, children played on the ground, their hands and faces covered in lead-contaminated dust.

 

Unlike many of the world's intractable problems, there is a solution to this one, and six months ago it seemed like the government of Nigeria was finally stepping up to help provide it. In May, after several years of foot dragging, President Goodluck Jonathan pledged $4 million to clean up contaminated homes and implement safer mining techniques.

 

After the announcement TerraGraphics, an American company that has worked with local Nigerian staff to clean up seven villages in Zamfara, started to mobilize to clean up Bagega. Medecins Sans Frontieres (MSF), the international medical group, got into gear to treat the at least 1,500 children in Zamfara State who need urgent medical care. They had been waiting until Bagega was cleared of lead contamination so that they could safely treat the children there.

 

But the funds didn't come. And over six months later, the money still hasn't turned up.

 

TerraGraphics says the cleanup of Bagega needs to start by early January if they are to finish before the rainy season. If the funds are not released immediately, TerraGraphics will have to wait until next October to clean up Bagega, and children who need lifesaving treatment will have to wait. Ask the family who has lost 11 children, and they will tell you that for a lead poisoned child, waiting is just a death sentence.

 

Jane_CohenJane Cohen is a researcher in the Health and Human Rights division at Human Rights Watch This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

 

 

 

Egypt's deputy interior minister says that ousted President Hosni Mubarak has been transferred to a military hospital from his prison cell for the second time in a week following complications from a recent injury.

 

Mubarak is serving a life term after being sentenced in June for failing to stop the killing of hundreds of protesters during last year's uprising.

 

Maj. Gen. Mohammed Ibrahim said Thursday that the 84-year old Mubarak had been moved to the hospital in Cairo's Maadi suburb after reports showed his condition was deteriorating and he needed more medical attention.

 

Mubarak was hospitalized last week for x-rays of his head and ribs after he fell in a prison bathroom. His lawyers have asked authorities to return him to the hospital which had better facilities than the prison.

Thursday, 27 December 2012 19:30

Obasanjo’s mansion on fire

 

Obasanjo’s  mansion on fire

 

Former President Olusegun Obasanjo’s multi-billion naira hill-top mansion in Abeokuta, Ogun State capital was Thursday evening gutted by fire.

 

The mysterious fire was reported to have started from the kitchen section of the mansion at about 5 pm which later spread to other sections within the premises.

photo: African spotlight

An eye witness disclosed that Ogun State Fire Service truck marked OG 122 AO9 was seen at the compound even as men Nigeria Security and Civil Defence Corps, the Nigeria Police Force, State Security Service have joined the fire fighters to contain the fire from spreading to other parts of the sprawling estate.

 

Obasanjo who expressed appreciation to God said that, ” You have seen that it is only the office of my secretary that is burnt.”  He added in Yoruba, “Ile Obasanjo to jo Ewa lobu kun,ile Obasanjo to jo ewa lobu kun. This is translated, ” A king’s house gutted by fire can only add beauty to it.

 

Source: Vanguard

 

Wednesday, 26 December 2012 21:31

Epitaph for late Justice Kayode Eso

 

His epitaph, undoubtedly, is already decided. That, rightfully, is the sad but also consoling duty of family, bringing with it the promise of closure. In all likelihood, our ‘learned friend’ – learned to both the learned and unlearned - had himself entered his choice among his dispositions long before the event itself – that is only to be expected of the punctilious mind we knew, in or out of Law. With deference therefore to the family, speaking for many who knew him, who interacted with him in any significant way, many will for long evoke him all over in their minds, seeking to recapture, and retain in their memory that rare being who, for many, came closest to what the mind can conceive as personification of the essence of Law. He keeps company with a few, a most pitiful few, who are thus acknowledged by their peers, but what a constellation across the dark sky of misrule, of the diabolism of power, and the spectre of injustice!

 

My view of Law is probably not the same as that of Law’s formal servitors, those who interpret – or, more accurately – argue its provisions, eliciting those segments that best serve the interests of their clients. Law, in its most fundamental reaches, is the essence of civilized humanity. Not simply that it enables, or begets civilization, but that it is indeed the heartbeat of civilization. Despite periodic perversions – especially under tyrannies of no matter what ideological hue -  Law remains inseparable from human culture, pre-dates literacy and allied human achievements. Even in pre-literate society, Law was manifested in the norms that sought to order society by providing equal voice and deserving to every entity that constitutes society. Thus it comes about that a being may emerge from within the humdrum activities of Law to transcend Law’s own formal status, and represent, in its own persona, the transcendental image of Law, speaking to man’s ancient longings for equity in all dealings.

 

Let the foregoing ruminations serve as template for my choice of an epitaph for Justice Kayode Eso, one that  was effortlessly evoked even as I received news of his demise. It comes from the pronouncement of the goddess Athena at the shrine of Apollo, when that deity stepped down from her abode in the clouds to mollify the Erinyes. These were the ancient spirits that jealously guarded the traditional rites of settling scores – literally through the cyclic principle of vengefulness. It was with these words that Athena dismissed them, inaugurated the Age of Law, the humanized principles of restitution and resolution that our departed Kayode Eso embodied in the art of consistency throughout his career on the bench. That exhortation serves us as a most befitting epitaph:

 

“Let no man live

 

Uncurbed by Law, or curbed by tyranny”

 

261212F.BP-Wole-Soyinka.jpg - 261212F.BP-Wole-Soyinka.jpgNobel Laureate, Professor Soyinka wrote this tribute in honour of Justice Kayode Eso  for THISDAY LAWYER

 

 

 

Blowback to tidying up Israel's history

 

Hiding the controversies when we teach children about Israel's modern history is designed to promote a unified national story. But it would be better for our children to have the chance to grapple with the messy reality of their heritage now before those dormant controversies erupt again, as they have done in Nigeria, where I grew up.

Biafra children pic:Time

Once, I once went out for dinner in London with an Israeli woman. Conversation warmed, and I stopped paying attention to my meal, given my congenital inability to multitask. “Stop playing with your food,” she reproved mildly. I rolled my eyes and retorted, “You’ll remind me about the starving on Bangladesh next.” I didn’t think she’d pick up on the reference – familiar to a generation of wasteful children brought up in the wake of the 1974 Bangladeshi famine – but she grinned. “Bangladesh? In Israel, our parents talked about Biafra.” She reached across the table, scooped a spoonful from my plate. “Of course, you know all about that, being Nigerian...” She looked up expectantly. But she was wrong.

 

Dearest Compatriots,

 

1. I greet and felicitate with you all as we join the rest of the world in celebrating the birth of Jesus Christ the Messiah many years ago in Bethlehem.

 

2. Christmas and the lessons of Jesus Christ's mission on earth have great significance for us as a people and there can be no doubt that we all, irrespective of our religious beliefs, can draw immense strength and inspiration from the Messiah's enduring personification of selflessness, dedication to duty, and commitment to the well-being of others.

 

3. The virtues and ideals of peace, tolerance, faithfulness, honesty, justice, fairness, true wisdom, knowledge and understanding which He taught and exemplified also remain very relevant to us in Nigeria as we continue to grapple with the challenges of development and nation-building.

 

4. My Administration continues to do its best to give our beloved country effective leadership towards rapidly overcoming present challenges.

 

5. As we celebrate Christmas, the ultimate significance of which is the fulfillment of God's promise of a Saviour for mankind, I urge you all to continue to trust in our unwavering commitment to fully achieving the objectives of our Agenda for National Transformation for the benefit of all Nigerians.

 

6. No one should doubt that we have the political will and determination to deliver on our promise of positive changes in the living conditions of our people in the shortest possible time.

 

7. While we continue to deal with the regrettable distractions posed by threats to peace and security in parts of the country, the Federal Government remains very focused on the primary objective of achieving significant improvements in priority areas such as public infrastructure, power supply, transportation, roads, health, education, job creation, agriculture and industrialization as quickly as possible.

 

8. It is my hope and expectation that more of the efforts, actions and measures we are already undertaking in these areas will successfully come to fruition next year and make the results of the diligent project planning and execution being done under this administration more apparent to all Nigerians.

 

9. I seize the opportunity of the Christmas celebrations to express my sincere appreciation, once again, to the vast majority of patriotic Nigerians who have kept faith with this Administration since its inception.

 

10. We will continue to count on your support and cooperation, as well as your prayers for peace, stability and progress of our beloved nation.

 

11. I wish you all a very merry Christmas.

 

Goodluck Ebele Jonathan, GCFR

 

President

 

Federal Republic of Nigeria

 

December 25, 2012

Monday, 24 December 2012 19:23

PhotoNews: Chris Brown performs in Nigeria

The controversial American singer Chris Brown, just like many of his  American counterparts was in Nigeria to perform and to make millions of dollars while expanding his fan base with millions of Nigerian youths.

Chris Brown dissing a Nigerian fan

With Nigerian Police

 

At the Airport

 

Monday, 24 December 2012 18:17

Five African Countries To Watch

 

Africa’s rapid growth is not affecting the continent equally. Here’s a look at five African countries that represent some of the brightest spots.

In  May 2000, The Economist magazine declared that Africa was “the hopeless continent.” Eleven years later, in 2011, it referred to Africa as “the hopeful continent.” And on October 20, 2012, the magazine stated: “In recent years investors have been piling into Lagos and Nairobi as if they were Frankfurt and Tokyo of old.”

 

Clearly, gloomy skepticism has given way to glowing optimism about Africa, and for good reason—over the past 10 years, many of the economies within Africa are outpacing economies anywhere else in the world. In fact, according to the International Monetary Fund’s (IMF) World Economic Outlook released in October 2012, 11 of the world’s 20 fastest-growing economies are in Africa, and this booming economic growth has helped create the fastest-growing middle class in the world.

 

Of course, the major trends driving this growth—changing policy environments, a growing middle class that expects equitable social and economic policies, high commodity prices, robust domestic demand, and rapid mass urbanization—have not affected all countries on the continent equally. Here’s a quick look at five economies that have especially benefited from recent developments, and those that pose some of the best potential for the future.

 

1. South Africa: The Continent’s Largest Economy

Africa’s southernmost country has a mature economy with strong industrial, financial, and transportation sectors. With GDP estimated at $408 billion and per capita income estimated at $11,000 for 2012, the country sits firmly in the World Bank’s Upper-Middle-Income category, along with Brazil and China. In 2010, South Africa joined the BRICS (Brazil, Russia, India, China and South Africa), an association of top emerging economies distinguished by their fast growth and burgeoning influence in regional and global matters.

Despite its developed infrastructure and abundant natural resources, South Africa does face challenges in the areas of governance and inequality. Protests, strikes, and instability have hindered foreign investment in the country. And compared to Africa’s Middle-Income Economies—or MICs, as defined by the World Bank—South Africa’s 2.6% economic growth rate is sluggish. (This has partially been because closer ties to the global economy and substantial exposure to the Euro zone mean South Africa has been more affected by the global economic slowdown.)

That said, the country is a major regional powerhouse. It has large investments in neighboring countries. And South African companies—particularly its financial services, retail, fast food, supermarket, service station, and textile firms—are flooding the continent with consumer goods and services. This has given the country an outsize influence on the continent, and a firm stake in the success of economies across Africa.

 

2. Nigeria: A Waking Giant

Nigeria, in West Africa, tops most lists of African countries to watch over the next decade. Traditionally known as “the sleeping giant of Africa,” the country has a huge population of more than 167 million, over 50% of which lives in urban areas like Lagos and Kano. According to the state-run Nigeria National Petroleum Corporation (NNPC), Nigeria is Africa’s largest oil producer, exporting 2.5 million barrels per day. Economically, it has registered a solid 7% growth rate for the last decade, and politically, with its second civilian transfer of power in less than a decade, the country has begun to consolidate its democratic reforms.

In many ways, Nigeria’s current status resembles that of Brazil before political and social reforms turned around its economy in the 1990s. Nigeria may be able to replicate Brazil’s success by adopting similar policies, including investing in infrastructure, reducing poverty and inequality, and reforming institutions.

According to an October 2012 report by Standard Chartered Research, Nigeria’s challenge is to replicate its success in technology (mobile telephony) in the utilities, refining, and agricultural sectors. The report urges Nigeria to move away from the “system of patronage” that has held the country back for decades. It also calls for greater emphasis on diversification and long-term planning that will change Nigeria from an “allocation” to a “production” state. The report states that, “Oil and gas, even given Nigeria’s vast resources, are not going to determine development in the future.”

Nonetheless, there is a great deal of optimism surrounding Nigeria. The Economist even suggested recently that Nigeria’s economy, messy as it still is, has the potential to overtake South Africa within a few years.

 

3. Angola: A China-Fueled Surge

Angola is sub-Saharan Africa’s third-largest economy after South Africa and Nigeria, with a GDP of $107 billion and per capita income of $8,200. Since the end of the civil war in 2002, Angola’s economy has been growing much faster than the continent’s two powerhouses, and the World Bank recently reclassified it as an Upper-Middle-Income economy. Unlike South Africa, however, Angola has a young economy that lacks diversification. And the country is still recovering from that 27-year-long civil war, which devastated its economy and people.

Angola is the continent’s second largest exporter of oil. Its economy was expanding at a rate of 15% before the global recession of 2009. Despite the current contraction, its economy is still expected to expand by 6.8 % this year thanks to the export of oil and diamonds, as well as uranium, iron ore, gold, and copper. (Most of Angola’s oil goes to China; Angola is China’s biggest trading partner on the continent.)

Since the end of the war, Angola’s civilian government has instituted aggressive economic and social reforms that are beginning to bear fruit, and it claims to have reduced poverty from 68% to 39% over the last decade. It has also asserted an infrastructure development program to build thousands of miles of roads and railroads, and hundreds of bridges and reconstructed airports. Most of these infrastructure projects involve Chinese firms under an oil-for-infrastructure deal that some criticize as favoring China.

 

4. Ghana: Africa’s Next Economic Star?

Another emerging African “lion” is West Africa’s Ghana, which is still classified as a Lower-Middle-Income country by the World Bank. Its economy grew at 14.3% in 2011, making it one of the fastest-growing economies in the world (and tops on the African continent), though the World Bank expects its growth to slow to 7.5% for 2012.

Ghana’s growth can largely be attributed to increased oil production, although diamond, iron ore, and cocoa exports also contributed to the bottom line. After decades of mismanagement, Ghana began to turn its economy around in the early 1990s, when it instituted wide-ranging economic reforms with the support of the IMF and World Bank. In 2007, oil was discovered, which led to faster economic growth. Today, Ghana has been a stable democracy since 1992, and is considered a model for prudent political and economic reform.

 

5. Ethiopia: Public Sector Investment

Ethiopia is an example of a non-resource-rich country with an economy that nonetheless grew at an average of 11% between 2004 and 2011. According to the World Bank, this is based on its government’s public sector investments in agriculture, industrialization, and infrastructure. Government investments in hydropower have made Ethiopia a net exporter of electricity to neighboring countries such as South Sudan and Djibouti. And with a population of 85 million, Ethiopia is sub-Saharan Africa’s second most populous country, after Nigeria.

With that population expected to reach 100 million by 2020, Ethiopia represents a huge market that is expected to drive economic integration in the region and growth for its neighbors. In addition, the country has been praised for making progress in all areas of the Millennium Development Goals (ending poverty, hunger, and disease). The Ethiopian government estimates that poverty declined from 38.7% in 2004 to 29.6% in 2011. As a result, Ethiopia has laid the foundations for sustainable growth and even emerging economy status.

 

A Look To The Future

While these five economies represent some of the brightest spots on the continent, others are waiting in the wings, particularly those that are rich in resources. The World Bank notes that the combined benefits of a peace dividend and iron ore exports in Sierra Leone, for example, have led to a 25% growth rate over the course of 2012. Similarly, in Niger, uranium and oil exports have led to a 15% growth rate this year.

According to the October 2012 edition of Africa’s Pulse, a World Bank publication, at least 10 countries are expected to join the 21 in sub-Saharan Africa that the bank classifies as MICs. Among those predicted to be upwardly mobile are Kenya, Tanzania, and Rwanda, where the discovery and development of new reserves of oil, gas, and other minerals, is expected to accelerate growth.

Terra Lawson-Remer, a Fellow for Civil Society, Markets & Democracy at the Council for Foreign Relations in Washington, D.C., cautions not to paint Africa’s growth story with “too broad a brush stroke.” She notes that most of the countries that have registered rapid growth rates are resource-rich, and have benefited from high commodity prices in recent years.

Emira Woods, co-director of Foreign Policy in Focus at the Institute for Policy Studies, also cautions against focusing too much on growth rather than equity. She notes that, “We are seeing growing inequality both within and among countries.” This inequality is compounded by the rising expectation among the poor for wealth-sharing that, if not met, could lead to political instability.

“This is the reason we have protests in Nigeria, Tahrir Square [in Egypt], Sudan, and Tunisia,” Woods said. “The current labor uprising in South Africa also shows evidence of the problem of expectations [and] of inequality.”

Nevertheless, there are strong signs for the continent as a whole. Lawson-Remer suggests the downturn in Europe’s economic fortunes means that “capital looking for investments has to go elsewhere.” Thanks to Africa’s growing economies, high rate of return, and abundance of natural and human resources, Western conglomerates like IBM, Nokia, and Nestlé are investing heavily. And China’s interest shows no sign of waning. The country’s trade with Africa is expected to hit $220 billion in 2012—a 25% growth rate annually—and its former vice-minister of commerce, Wei Jianguo, told China Daily that Africa will surpass the U.S. and the E.U. to become China’s largest trading partner.

Woods argues that, across the continent, technological development will be the “way of the future.” She points to innovations such as mobile banking and the massive penetration of mobile phone technology, as positive developments. “The combination of the fast-growing youth bulge—workers aged 16 to 30—and technological innovations are positive and bode well for the continent,” Woods said.

Considering these factors, there is reason to believe that, despite challenges, Africa will continue to produce dynamic, emerging market economies. South Africa, Nigeria, Ghana, Angola, and Ethiopia may just be the first wave—with many more to follow.

 

Francis Njubi Nesbitt is an associate professor of Africana Studies at San Diego State University. Previously, he worked as a reporter and editor at the Daily Nation in Nairobi, Kenya; the Seattle Skanner in Seattle, Washington; and the Union-News and Sunday Republican in Springfield, Massachusetts. He is the author of Race for Sanctions (2004) and Politics of African Diasporas (2012). His writing has been published in numerous journals including African Affairs, International Journal of Southern African Studies, African Issues, African World, and Africa World Review, and he is a regular contributor to Foreign Policy in Focus.

 

Monday, 24 December 2012 18:13

Denzel Washington to star in Nollywood movie

Hollywood actor, Denzel Washington, is expected to arrive in Nigeria next week to take part in the shooting of Spider Basket, a new movie funded by Nigerian businessman, Dennis Osadebe.

 

Osadebe himself arrived in Nigeria from his base in Turkey last Friday in company with his Turkish partner, Abdulkadir Erkahraman.

 

Osadebe’s decision to invest in the entertainment industry appears driven by his faith in the abundant talents in the country.

 

“Denzel is just one of many Hollywood stars that I want to witness the talents in this country and to impact significantly on Nollywood. Others are coming. My secaond movie, By Fire by Force, is due to be premiered this month,” Osadebe said.

 

Osadebe’s DCS Entertainment has signed up two Nigerian artistes, Wandy Boy and V2K.

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  •  3 Nigerian Born British Members of Parliament 3 Nigerian Born British Members of Parliament
    Chuka Umunna: Umunna is a British MP of Nigerian heritage. He was born 17 October 1978 in London to Nigerian father of the Igbo ethnic group and Irish mother.   In 2010 Umunna was elected parliamentarian, representing Streatham constituency on the platform of the Labour Party. Umunna who is popularly known as “UK Obama,” schooled at Hitherfield Primary School in Streatham, South London, and Christ Church Primary School in Brixton Hill....
  • PhotosNews : Obama Toasts African Leaders at White House Dinner PhotosNews : Obama Toasts African Leaders at White House Dinner
    “President Barack Obama hosted African leaders at the White House Tuesday night, in a dinner tied to this week’s Africa Summit in Washington. Earlier Tuesday, U.S. and African leaders unveiled $14 billion in commercial deals, part of a campaign to improve on a trade relationship in which the two parties still do little business together. “Never before have we hosted a dinner at the White House like this, with so many presidents,” said Mr....
  • US-Africa summit:  China and US Vying for Africa’s Resources US-Africa summit: China and US Vying for Africa’s Resources
    As African leaders gathered in Washington DC on the invitation by President Obama for US-Africa summit, the focus of the summit was centered on trade not aid. But the elephant in the room or in the minds of the summit participants is China. It is there for everybody to see that China’s business and commercial tempo in Africa is rising and rising. China is now the largest trading partner to Africa. Five years ago China surpassed the United States...
  • PhotoNews:  Former President Olusegun Obasanjo in Houston, Texas PhotoNews: Former President Olusegun Obasanjo in Houston, Texas
    “Former President Olusegun Obasanjo held an interactive discussion session with Nigerians at a dinner held in his honor in Houston Texas. The former president opened the session by informing the guests that they could ask anything and that nothing was off the table. The questions covered a wide range of topics and President Obasanjo responed openly in his usual light hearted manner supporting all his answers with facts, figures and dates.” –...
  •  Graph News:  Nigeria Debt to GDP Compared to US, UK, Swiss, EU Graph News: Nigeria Debt to GDP Compared to US, UK, Swiss, EU
    The Nigeria current recorded Debt to GDP ratio stood at  11 percent of the country's Gross Domestic Product in 2013.  “Government Debt To GDP in Nigeria averaged 35.96 Percent from 2000 until 2013, reaching an all time high of 88 Percent in 2001 and a record low of 11 Percent in 2013. Government Debt To GDP in Nigeria is reported by the Central Bank of Nigeria.”  Nigeria enjoyed one of the lowest debt to gdp ratio in the world.  The country’s...
  • Swiss traders, NNPC and Corruption in the Oil Industry Swiss traders, NNPC and Corruption in the Oil Industry
    Swiss traders’ shenanigans on the buying of Nigeria and Africa’s crude oil without transparency and accountability
    In Nigeria, Swiss companies bought oil worth $37 billion over the three years, an amount equal to more than 18 percent of the national government’s revenues. Payments of this scale that affect the development prospects of poor countries require public oversight, which has been largely missing in most of the scenarios...
  •  Nigeria: Petroleum Industry Bill (PIB) Needs Adaptive Reconciliation  Nigeria: Petroleum Industry Bill (PIB) Needs Adaptive Reconciliation
    The much debated and contentious Petroleum Industry Bill 2012 (PIB) is a quantum leap in the remaking of Nigeria’s oil and gas industry, if and when it becomes the law of the land.  Some Nigerians deemed the bill controversial because many of them have not read the bill but rather depend on the opposition of the bill to propagate their incoherence and distortions.  One thing for sure, the government of Nigeria must be applauded for initiating...
  • Goodluck Jonathan: Nothing is more important than bringing home Nigeria’s missing girls Goodluck Jonathan: Nothing is more important than bringing home Nigeria’s missing girls
      I have had to remain quiet about the continuing efforts by Nigeria’s military, police and investigators to find the girls kidnapped in April from the town of Chibok by the terrorist group Boko Haram. I am deeply concerned, however, that my silence as we work to accomplish the task at hand is being misused by partisan critics to suggest inaction or even weakness.   My silence has been necessary to avoid compromising the details of our investigation....
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