The World Health Organization (WHO) is calling for caution to be exercised in using artificial intelligence (AI) generated large language model tools (LLMs) to protect and promote human well-being, human safety, and autonomy, and preserve public health. LLMs include some of the most rapidly expanding platforms such as ChatGPT, Bard, …
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African Devt Bank proposes ‘fast track’ compensation for Zimbabwe white ex-farmers
The African Development Bank (AFDB) has developed financial instruments to “fast track and front load” $3.5 billion in compensation to white farmers whose land was taken from them by Zimbabwe’s government, the bank’s president said on Monday. Akinwumi Adesina’s announcement, which did not include details of the proposed instruments, comes …
Read More »Debt Clearance: Zimbabwe concludes meeting with Creditors and Development Partners
Zimbabwe has concluded a fourth Structured Dialogue Platform meeting on debt clearance with creditors and development partners. President Emmerson Mnangagwa of #Zimbabwe, Akinwumi Adesina, President of the African Development Bank, Joaquim A. Chissano, former President of #Mozambique, Constantino G. D. N. Chiwenga, Vice President of Zimbabwe, government ministers, development partners …
Read More »BRICS currency ‘plausible alternative’ to dollar hegemony
Frustration toward US weaponization of greenback behind local currency settlement deals Efforts by countries to replace the US dollar in international trade will reach a new high when BRICS nations discuss the feasibility of introducing a common currency at a summit in South Africa later this year, Chinese experts said …
Read More »Nigeria, Jaiz Sign Finance Agreement With Islamic Trade Corporation
The Federal Republic of Nigeria and the International Trade Financing Corporation (itfc) have signed a one billion dollars framework agreement for the next couple of years. Jaiz Bank has also signed a $10 million agreement for the Murabaha financing facility. The signing ceremony took place on Saturday at the four …
Read More »Ghana expects first $600 mln tranche from IMF after Wednesday meeting – minister
Ghana expects the International Monetary Fund to approve a first loan tranche of $600 million as soon as Wednesday, paving the way for disbursement within a week, Minister of State in the Finance Ministry Mohammed Amin Adam told Reuters on Sunday. Ghana is seeking $3 billion from the Fund to …
Read More »Surmounting Logistics Barriers to Regional Shipping
In August 2011, the Nigerian Export-Import (NEXIM) Bank and the Economic Community of West African States (ECOWAS) Commission on Private Sector agreed to a $61.5 million deal to have a maritime shipping company that will connect the West African coastal ports to facilitate trade. The project, seen as a watershed …
Read More »Fuel Subsidy: ‘Suspend disbursement of $800m loan to FG’, SERAP tells World Bank
Socio-Economic Rights and Accountability Project (SERAP) has urged the World Bank President Mr David Malpass to use his “good offices to suspend any disbursement of the $800m loan to the Federal Government and to request the incoming administration to provide satisfactory explanations for the loan.” SERAP urges Mr Malpass and …
Read More »FG can no longer fund tertiary education
In a keynote speech, she delivered at the maiden Tertiary Education Summit themed ‘Fresh Ideas for Overhauling Nigeria’s Tertiary Education Complex’ the next day, the Vice Chancellor of the University of Benin, Professor Lilian Salami, said the country’s tertiary education needs a holistic overhaul. The Chair of the Committee of …
Read More »AfCFTA: Africa must reduce Intra- Africa and Global Trade barrier costs – Okonjo Iweala
President of the World Trade Organisation, Dr Ngozi Okonjo Iweala, has said that for Africa to make the African Continental Free Trade Area (AfCFTA) work, we must reduce the costs on the continent, to trade with ourselves and with the global community. She stressed that the costs African exporters experience …
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