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Zuma Under Fire as ANC Bleeds Support in South Africa’s Cities

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South Africa President Jacob Zuma

South African President Jacob Zuma will face renewed pressure to quit after partial election results showed his African National Congress losing outright control of the capital, Pretoria, and Johannesburg in its worst electoral showing since apartheid ended.

The ANC and the Democratic Alliance were running neck and neck in both towns, with about 86 percent of votes counted from Wednesday’s local government election. The ruling party conceded that it lost the southern Nelson Mandela Bay municipality, a key port and vehicle manufacturing hub.

“Whichever way you look at it, people are saying they are dissatisfied with either Zuma or the way the ANC is dealing with its leadership crisis,” said Abdul Waheed Patel, managing director of Cape Town-based Ethicore Political Consulting.

Calls for Zuma, 74, to resign have mounted since the nation’s top court ruled in March that he violated the constitution by refusing to repay taxpayer money spent on upgrading his private home. He may also have to face 783 charges of corruption, racketeering, fraud and money laundering, following a high court decision that prosecutors erred when they decided to drop a case against him just weeks before he became president in 2009.

Yet, Zuma’s allies in the ANC National Executive Committee and in the government may shield him for being replaced before his current presidential term ends in 2019.

“It’s not going to be a quick process,” said Patel. “I don’t think it’s going to be an automatic exit for Zuma just because the ANC has done so dismally. He still has some sway; I don’t think he becomes powerless.”

The ANC also has little appetite to oust another leader after the party’s removal of Thabo Mbeki in 2007 allowed Zuma to take over the leadership, Peter Attard Montalto, an economist at Nomura International Plc, said in an e-mailed response to questions.

“All sides have already agreed they cannot remove another president,” he said.

Rand Strength

The rand gained 0.2 percent to 13.6812 per dollar at 9:50 a.m. in Johannesburg on Friday. It was the best performer of 24 emerging-market currencies monitored by Bloomberg on Thursday. The currency is still down about 40 percent against the dollar since Zuma took office on May 9, 2009.

Besides unhappiness with Zuma, the ANC has also come under criticism for failing to reduce a 27 percent unemployment rate, improve living standards and reignite an economy that the central bank projects will post zero percent growth this year. Communities staged 102 protests against a lack of decent housing, education and other services in the first seven months of the year, up from 89 in the same period last year, according to Municipal IQ, which monitors the municipalities.

“We can’t blame President Zuma,” ANC spokesman Zizi Kodwa said. “The party leadership will take collective responsibility.”

Pretoria Vote

The ANC fell behind in Tshwane, the municipality that includes Pretoria, with 42.3 percent of the vote, narrowly behind the Democratic Alliance with 43.4 percent, partial tallies released by the Independent Electoral Commission show. In Johannesburg, the ruling party had 42 percent support compared with the DA’s 41.7 percent. The DA was well ahead in Nelson Mandela Bay, which includes the city of Port Elizabeth, with 46.7 percent support, compared to the ANC’s 41.2 percent, and increased its majority in Cape Town.

The Economic Freedom Fighters, which advocates the nationalization of mines, banks and land, holds the balance of power in Pretoria and Johannesburg. Like the DA, it has said it is prepared to enter into coalitions with other opposition parties, but not the ANC.

With 13.1 million, or about 86 percent of the estimate of proportional representation votes cast nationally in the election counted as of 8:20 a.m. on Friday, the ANC had 54.7 percent of the total support, followed by the DA with 26.6 percent, according to the commission. The Economic Freedom Fighters stood at 8 percent. The ANC garnered 62.9 percent support in the 2011 municipal election. Including votes for ward councilors, the ANC had 54.3 percent overall support.

“We will not lie and say that we are not worried when we lose a metro like Nelson Mandela Bay,” the ANC’s chief whip in parliament, Jackson Mthembu, said in an interview in Pretoria. “We need to jack up our act.”

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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FG Has Paid Fuel marketers N74B in Seven Months — NMDPRA

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petrol

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Wednesday disclosed that the federal government has paid oil marketers N74 billion as bridging claims in last seven months..

The agency said it was reacting to claims by the Independent Petroleum Marketers Association Nigeria (IPMAN), Suleja branch, that continuing fuel scarcity was caused by non-payment of bridging claims.

The agency said it paid N71.2 billion bridging claims and another N2.7 billion freight differentials to the marketers as of June 6.

In May, IPMAN said the government owed its members half a trillion naira being the cost of transporting petrol across the country.

However, at the time NMDPRA had claimed to have paid oil marketers bridging claims of about N59 billion in five months.

In recent months, fuel scarcity has worsened in Abuja and several other cities across the country.

Marketers had listed the high cost of buying petrol at the depots and the high cost of diesel to truck them as the major factors responsible for the recent queue.

On Monday, the government announced that the nation’s capital petroleum deliveries were up nearly 100 per cent after the government offered additional N10 freight reimbursements to marketers.

The statement by the NMDPRA reads: “The attention of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has been drawn to allegations made by the Independent Petroleum Marketers Association Nigeria (IPMAN Suleja Branch) on product scarcity as a result of non-payment of bridging claims.

“The authority chief executive of the NMDPRA, at a meeting held on 17th May 2022 with IPMAN bridging payment was discussed extensively and the processes were explained and agreed upon by IPMAN.

“He assured IPMAN of NMDPRA’s willingness to continue making payments of outstanding claims to promote seamless operations.

“Pursuant to the meeting, the NMDPRA went ahead to make an additional payment of N10 billion in June and sought for an upward review of the freight rate which was approved by President Muhammadu Buhari and is currently being implemented.

“The Authority wishes to reiterate that bridging payment is an ongoing process which is carried out after due verification exercise by the Authority and Marketers.

“So far, the Authority paid N71,233,712,991 bridging claims and another N2,736,179,950.84 freight differentials to the Marketers as at 6th June 2022.

“A breakdown of payment made to Marketers is as follows: Major Marketers (MOMAN) received N9,958,777,487.24, IPMAN members were paid N42,301,923,616.96, NNPC Retails N6,661,459,118.61 while DAPPMAN members were paid N12,303,195,651.57, these translate to a total of N73,969,892,941.84.

“It is disheartening that despite these payments and increase of N10 bridging cost, which was approved by President Muhammadu Buhari two weeks ago, IPMAN could turn around to accuse the NMDPRA of insensitivity,” the statement said.

It said NMDPRA remains committed to ensuring a safe, efficient, and effective conduct of midstream and downstream petroleum operations.

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Nigeria-Cameroon Link Bridge up for Inauguration this June – Fashola

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The Minister of Works and Housing, Babatunde Fashola (SAN), has stated that the Nigeria-Cameroon link bridge will be inaugurated this June.

Speaking at the 16th inter-ministerial meeting of the group in Abuja, Fashola who doubles as the Chairman of the five regional ministerial steering committees, explained that the largely funded bridge by the African Development Bank (AfDB) is completed and in hopes that ECOWAS would deliver support for the inauguration.

“We have completed a new link bridge that links Nigeria to Cameroon, and it was funded largely by the AfDB and we are hoping that the ECOWAS commission will give us the necessary support to ensure the formal opening of that bridge sometime in the month of June,” he said.

The commitment to the piece of infrastructure, according to the minister, is to transform the road network into a first-class six-lane motorway, emphasizing that while speed is important, quality must not be lost.

“We’re trying to deliver a better life for five countries and over 40 million people who use that corridor, almost on a daily basis.

“The future is bright, this is an important investment for the people of Africa to achieve the objective of the Africa Union (AU) to create a trans-African highway,” he stated.

Lydie Ehouman, AfDB’s Chief Transport Economist and Project Task Manager, also spoke at the event, stating that the bank had been able to acquire an additional €3.5 million for the road project.

Investors King gathered that the total sum available for the initial financing of the project’s strategic research has increased to $41 million.

“The agreement for the on-lending of this additional grant by the bank to ECOWAS is currently being finalised. Thus, in addition to its substantial contribution of $25 million, the bank will have mobilised €12.63 million in the form of a grant from the European Union.

“This brings the total amount available for the financing of this highly strategic study to the equivalent of about US$ 41 million,” she stated.

She did, however, point out that specialists in member countries’ claims of delays were untrue, because the arrangement was that labor should persist while any differences were aired and rectified.

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UNDP, DPGA to Promote Global Digital Goods 

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digital

The United Nations Development Programme (UNDP), Digital Public Goods Alliance (DPGA), the government of Norway, and Sierra Leone have agreed to promote inclusive digital public infrastructure in countries across the world.  

On Wednesday, Investors King gathered that world leaders, development organisations and philanthropic funders are set to invest in a “large-scale technology sharing, funding, and commitment to supporting the international cooperation agenda.”

In its published statement, UNDP stated that the agreement is to improve governance frameworks, which are critical to building a resilient future for countries. 

At the event, global leaders committed their efforts to funding and the implementation of digital public infrastructure through a newly established Digital Public Goods Charter (DPG), which serves as a framework to increase international cooperation on this plan.

With its DPG Charter, co-led by the DPGA and the Digital Impact Alliance (DIAL), the UNDP outlines a clear vision for a coordinated global approach to building a safe, trusted, and inclusive digital public infrastructure using DPGs. 

“Doing so can enable countries – regardless of income levels – to transform services and service delivery for people and communities everywhere,” the statement read. 

The DPG Charter, and the commitments made by global leaders, are especially relevant given the devastating socio-economic impacts of the COVID-19 pandemic and mounting climate disruption. 

These challenges, compounded with the unprecedented food, energy, and financial crisis added by the war in Ukraine, are creating an urgent need for global action. 

Digital Public Goods are open-source solutions used to build digital public infrastructure (DPI), enabling countries to provide better services and foster inclusive economic growth. 

While the Digital Public Infrastructure (DPI) involves digital systems like cash transfers, digital identification, and data exchange that enable the adequate provision of essential society-wide functions. It also allows the building of resilient crisis recovery. 

 

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