Jim Yong Kim steps down as President of World Bank

-
Update::
World Bank President, Jim Yong Kim has made the surprise announcement that he is stepping down after six years in the post.
His resignation will take effect from 1 February.
Mr Kim, 59, was not due to leave until 2022, after he was re-elected for a second five-year term in 2017.
He will "join a firm and focus on increasing infrastructure investments in developing countries", the World Bank said.

Comments

Post a Comment

Popular posts from this blog

Zimbabwe to run out bread in 8 days

-
Image
Update:: Zimbabwe could run out of bread in a week after flour stocks dwindled due to the country’s failure to pay for imported wheat, according to a confidential letter written to bakers by the country’s grain millers’ group on Monday. The country is in the grip of a severe shortage of U.S. dollars that has sapped supplies of fuel and drugs, as President Emmerson Mnangagwa struggles to live up to pre-election promises to quickly revive the troubled economy. Zimbabwe imports wheat, which it blends with its local crop to make flour for bread, the country’s second major staple after maize meal. The Grain Millers Association (GMAZ) general manager Lynette Veremu wrote to the National Bakers Association of Zimbabwe (NBAZ) to tell them the country has not paid for 55,000 tonnes of wheat in bonded warehouses in Mozambique and Harare. “We regret to advise that the current stocks for foreign wheat for bread flour have depleted to 5,800 tonnes and … we are left with less than eight ...
Click here to read more

Decentralize Nigerian Police Force, Fagbemi tells FG

-
Image
A legal luminary, Chief Lateef Fagbemi (SAN), has urged the Federal Government and the National Assembly to effect a constitutional change that would allow a decentralised police force to effectively address the insecurity challenges confronting the country. According to him, the country is in dire need of an upgraded security arrangement because of the recent security breaches by bandits and disgruntled elements in some parts of the country. Fagbemi stated this while delivering a lecture at the Law Week of the Nigerian Bar Association (NBA), Okitipupa branch, on Saturday. The theme of the Law Week was “Security as the Bedrock of a Prosperous Nation: Rejigging Nigeria’s Constitutional Federalism.” Fagbemi said that the primary responsibility of any government was to provide adequate security for its citizenry, adding that it was taken for granted that developmental endeavours would revolve around the security architecture. He expressed the concern that in spite of the pres...
Click here to read more