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Cameroon’s Biya is Africa’s oldest president: assessing his 38 years in power

Cameroon’s Biya is Africa’s oldest president: assessing his 38 years in power

CAMEROON’S President Paul Biya celebrated his 88th birthday recently, making him the oldest president in Africa. He has been in power for 38 years. Birthday celebrations held across the country were met with protest by the opposition, demanding that he step down. So, how has he acquitted himself in office, and what has been his legacy for Cameroon? JULIUS A. AMIN, Professor, Department of History, University of Dayton Cameroonians welcomed Biya when he became president in November 1982. The peaceful transfer of power by his predecessor Ahmadou Ahidjo won Cameroon praise as an example to emulate in Africa, where leaders…
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Nigeria needs more naira reform for $1.5 bln World Bank loan, country director says

Nigeria needs more naira reform for $1.5 bln World Bank loan, country director says

THE World Bank needs Nigeria to strengthen reforms of its currency, the naira, before it can approve a $1.5 billion loan, its country director has said. Nigeria needs the support to survive low oil prices and make it through the economic shock of the COVID-19 pandemic. World Bank loans are often contingent upon reforms, and its officials said previously it was "recommending" a more unified, flexible exchange rate. The Nigerian naira hit 500 per dollar on the black market last month as a dollar scarcity squeezed the economy. "We recognize how much Nigeria has done," Shubham Chaudhuri, the World Bank's…
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Nigeria to tap $750 mln World Bank loan for local regions

Nigeria to tap $750 mln World Bank loan for local regions

NIGERIA is in the process of accessing a $750 million World Bank loan to enable local states to support vulnerable households and mitigate the effects of the COVID-19 pandemic on the economy, according to the finance ministry. Africa's most populous country and the continent's biggest oil producer, is tilting towards recession after the pandemic triggered a collapse in global oil prices, Nigeria's main export. The World Bank said in June that the pandemic could push 5 million people in Nigeria into poverty amid the worst economic hardship in the African powerhouse since the 1980s. "Nigeria ... cannot afford to remain…
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