Africa Briefs
Mozambique proposes
constitutional changes
Mozambique's president will propose constitutional changes that redistribute power to the country's provinces, a move aimed at securing a long-term peace agreement with the main opposition party.
Under the proposed bill, President Filipe Nyusi said on Wednesday, political parties that win provincial parliamentary elections will be able to select regional governors, whom the president would need to approve.
The bill is a result of talks Nyusi has been having with Afonso Dhlakama, the leader of the opposition party Renamo.
Renamo members, who hold seats in parliament, have been calling for rights to elect its own governors in six districts where it scored a majority in the polls three years ago.
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Nigeria to redeem bill
with Eurobond sale
Nigeria plans to redeem 762.5 billion naira (US$2.5 billion) worth of treasury bills from the proceeds of a planned US$2.5 billion Eurobond, to lower borrowing costs for the government, Finance Minister Kemi Adeosun said on Wednesday.
The West African country expects to save 64 billion naira each year after it refinances the local bills with the dollar debt, she told reporters following a cabinet meeting in the capital Abuja.
Nigeria wants to refinance US$3 billion worth of a local treasury bill portfolio of 2.7 trillion naira. It sold US$3 billion in Eurobonds in November, part of which it used to fund its 2017 budget, and then paid off 198 billion naira in treasury bills in December. – Nampa/Reuters
DRC tells Brussels Air to cut flights
Democratic Republic of Congo has told Brussels Airlines to reduce by nearly half the number of its weekly flights to Kinshasa, in a ramping up of tensions with its former colonial power Belgium. The move comes after Belgian and EU officials condemned a violent DRC government crackdown on protests against President Joseph Kabila, who has ruled since 2001. The number of Brussels Airlines flights to the capital will be “reduced from seven to four a week from Monday, February 5, 2018,” said Civil Aviation Director General Jean Tshiumba Mpunga, in a letter to the airline's representative in Kinshasa.
A Brussels Airlines spokesperson responded: “We are going to find solutions for our passengers. We regret that our passengers are obviously victims.”
Belgian-Congolese relations had already deteriorated after the government in Brussels, on January 10, said it would carry out a “fundamental revision” of cooperation with the DRC until “credible elections” were held. – Nampa/AFP
constitutional changes
Mozambique's president will propose constitutional changes that redistribute power to the country's provinces, a move aimed at securing a long-term peace agreement with the main opposition party.
Under the proposed bill, President Filipe Nyusi said on Wednesday, political parties that win provincial parliamentary elections will be able to select regional governors, whom the president would need to approve.
The bill is a result of talks Nyusi has been having with Afonso Dhlakama, the leader of the opposition party Renamo.
Renamo members, who hold seats in parliament, have been calling for rights to elect its own governors in six districts where it scored a majority in the polls three years ago.
?
Nigeria to redeem bill
with Eurobond sale
Nigeria plans to redeem 762.5 billion naira (US$2.5 billion) worth of treasury bills from the proceeds of a planned US$2.5 billion Eurobond, to lower borrowing costs for the government, Finance Minister Kemi Adeosun said on Wednesday.
The West African country expects to save 64 billion naira each year after it refinances the local bills with the dollar debt, she told reporters following a cabinet meeting in the capital Abuja.
Nigeria wants to refinance US$3 billion worth of a local treasury bill portfolio of 2.7 trillion naira. It sold US$3 billion in Eurobonds in November, part of which it used to fund its 2017 budget, and then paid off 198 billion naira in treasury bills in December. – Nampa/Reuters
DRC tells Brussels Air to cut flights
Democratic Republic of Congo has told Brussels Airlines to reduce by nearly half the number of its weekly flights to Kinshasa, in a ramping up of tensions with its former colonial power Belgium. The move comes after Belgian and EU officials condemned a violent DRC government crackdown on protests against President Joseph Kabila, who has ruled since 2001. The number of Brussels Airlines flights to the capital will be “reduced from seven to four a week from Monday, February 5, 2018,” said Civil Aviation Director General Jean Tshiumba Mpunga, in a letter to the airline's representative in Kinshasa.
A Brussels Airlines spokesperson responded: “We are going to find solutions for our passengers. We regret that our passengers are obviously victims.”
Belgian-Congolese relations had already deteriorated after the government in Brussels, on January 10, said it would carry out a “fundamental revision” of cooperation with the DRC until “credible elections” were held. – Nampa/AFP
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