Local Belgian media has revealed that about 10 billion euros ($12.3 billion) have disappeared from four frozen Euroclear Bank accounts belonging to two Libyan state agencies. The accounts containing 16.1 billion euros of state funds were frozen since March 2011 in accordance with a United Nations resolution as part of sanctions against the late MuammarContinue reading “$12.3 billion in Gaddafi’s frozen account in Belgium ‘disappears’”
Author Archives: Ismail Akwei
Young Nigerians in the U.S. return home to solve age-long electricity crisis
For decades, Nigeria and many other African countries have failed to sustain electricity generation in the face of a high population growth rate. Many experts and professionals in the energy sector have offered many solutions including the expansion of dams and exploration of other sources of power such as nuclear energy. The talk shop broughtContinue reading “Young Nigerians in the U.S. return home to solve age-long electricity crisis”
Africa Beyond Aid: How much is each African country getting from the U.S.?
Africa is largely dependent on aid from the United States, Europe, Asia and international donor agencies to develop its nations and its people. This unapologetic dependency takes its roots from the colonial period when the continent was managed by European nations. Independence failed to liberate Africa economically as its leaders continued to fall in debtContinue reading “Africa Beyond Aid: How much is each African country getting from the U.S.?”
U.S. launches battle against China over Africa, sends more aid
Africa has become an area of interest for world power United States and its rival China as the latter has gained access to the continent’s markets after massive investments in infrastructure projects and provision of aid. The U.S. provides billions of dollars in aid to Africa annually yet it is losing its grip on theContinue reading “U.S. launches battle against China over Africa, sends more aid”
Africa poised to host the World Cup for a second time
The FIFA World Cup, the biggest gathering of international football teams every four years to compete for the coveted World Cup, could be played on African soil for the second time. South Africa became the first African country to host the World Cup in 2010 and it was a beautiful spectacle with the Vuvuzela andContinue reading “Africa poised to host the World Cup for a second time”
Ismail Akwei 