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Zimbabwe Secures $250 Million Loan from Afreximbank

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APTOPIX Zimbabwe New President

Zimbabwe Secures $250 Million Loan from Afreximbank

Zimbabwe has joined a series of African nations securing credit facility from multilateral institutions to mitigate COVID-19 risk.

The African Export-Import Bank Ltd has agreed to grant the embattled African nation a $250 million three-year credit facility, according to a source familiar with the details.

The anonymous source, who spoke with Bloomberg correspondence, said about $150 million of the said funds are expected to be used to finance fuel and the rest on essential services.

The southern African nation, which has previously secured funding from Afreximbank using minerals as collateral, is blocked from accessing loans from the International Monetary Fund and other multilateral lenders because of unpaid debts.

Zimbabwe is facing an economic crisis with shortages of foreign currency, fuel and food and with inflation surging to 786%.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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#EndSARS: Protesters Converge at Lekki Toll Gate Despite Sanwo-Olu 24 Hour Curfew

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#EndSARS Protesters Gathered at Lekki Toll Gate Despite Curfew

Lagos protesters defied the 24-hour curfew imposed by the executive governor of Lagos State, Babajide Sanwo-Olu, as they gathered at Lekki Tollgate to continue their agitation.

The peaceful #EndSARS protesters sang the nation’s national anthem as they held on to their Nigerian flags proudly.

Earlier today, governor Sanwo-Olu, had imposed a 24-hour curfew across all parts of the state, saying the peaceful protest has been hijacked by criminals and unscrupulous individuals.

In a statement put out by the governor, he said “I have watched with shock how what began as a peaceful #EndSARS protest has degenerated into a monster that is threatening the well-being of our society.

“Lives and limbs have been lost as criminals and miscreants are now hiding under the umbrella of these protests to unleash mayhem on our state. As a government that is alive to its responsibility and has shown a commitment to the movement #ENDSARS, we will not watch and allow anarchy in our dear state.”

“I, therefore, hereby impose a 24-hour curfew on all parts of the State as from 4pm today, 20th October,2020. Nobody, except essential service providers and first responders must be found on the streets.

However, the determined Nigerian youths matched forward as they clamoured for complete police reform and a broad-based transparent and good governance for all Nigerians and not a selected few.

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Lagos Imposes 24 Hour Curfew as #EndSARS Protest Turns Violent

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Sanwo-Olu Imposes 24 Hour Curfew in Lagos as Hoodlums Hijacked #EndSARS Protests

The Executive Governor of Lagos, Babajide Sanwo-Olu, on Tuesday, imposed a 24-hour curfew on all parts of the state as peaceful #EndSARS protest turned violence amid the destruction of properties and lives.

In a statement released by the governor through his official Twitter account @jidesanwoolu, the governor said “I have watched with shock how what began as a peaceful #EndSARS protest has degenerated into a monster that is threatening the well-being of our society.

“Lives and limbs have been lost as criminals and miscreants are now hiding under the umbrella of these protests to unleash mayhem on our state. As a government that is alive to its responsibility and has shown a commitment to the movement #ENDSARS, we will not watch and allow anarchy in our dear state.”

“I, therefore, hereby impose a 24-hour curfew on all parts of the State as from 4pm today, 20th October,2020. Nobody, except essential service providers and first responders must be found on the streets.”

This was after reports of numerous attacks and destruction of properties by certain elements that the Nigerian youths claimed were sponsored by politicians to disrupt their agitation and invalidate the entire protest.

On Monday, prisoners were freed in Benin, Edo State by unknown individuals either sponsored by politicians or part of the protesters that gone rogue or with different agenda.

In Abuja, a group of thugs (sponsored or not) burnt several vehicles claimed to be parked by peaceful protesters while in Lagos, the story is not different as unscrupulous elements have been stealing and attacking people.

With a 24-hour curfew now in place in Lagos and Edo States, the youths agitating may be forced to eventually meet with the government to discuss their demands and implementation methodology.

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EndSARS: Feminist Coalition Raises Over N77m Within Seven Days

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Feminist Coalition Receives Over N77 Million in Donations  in Seven Days

Feminist Coalition, one of the not-for-profit organisations, leading the #EndSARS campaign has raised over N77 million within seven days.

The group said the funds were raised “through the generosity of well-meaning people and concerned Nigerians who want their voices to be heard and their demands to be met.

The funds were raised to support Nigerian youths protesting against police brutality and extrajudicial killings by men of the now-dissolved Special Anti-Robbery Squad (SARS) of the Nigeria Police Force.

Feminist Coalition, whose objectives include “fighting injustice through peaceful protests, fundraising, and social media organisation” disclosed this in a statement on Thursday titled, ‘Progress Report – October 15th, 2020’.

The statement released by the group partly read “Over the past week, there has been a peaceful uprising by the Nigerian youth, demanding for the disbandment of the notorious SARS unit, and the end to police brutality and an unjust judicial system.

“Like everyone else, we decided to play our part and help fight the injustice through fundraising in order to sustain the peaceful protests and ensure the safety of Nigerians exercising their civic rights – by providing food, water and other refreshments, masks, medical aid, and legal aid for protesters.

“We have raised a total sum of: NGN 62,643,663.05; USD 11,474.34 (N4.3m), CAD 5,595.89 (N1.6m), GBP 5,733.49 (N2.8m), EUR 875.42 (N390,225), GHS 1,256.70 (N81,823), KES 53,016.60 (183,656) and BTC 1.28827988 (N5.5m).

“With these funds, we have supported 100 peaceful protests in 25 states, paid NGN 759,080 in medical bills for injured protesters, donated NGN 400,000 to the families of victims murdered by police officers while protesting peacefully, paid NGN 500,000 in legal aid and spent N 11,367,500 on supplies including food, water, mask among other things for the peaceful protesters.”

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