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Nigeria’s Finance Minister seeks investment with Canadian industrialists
By Francesca Hangeior
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, yesterday, urged Canadian industrialists to invest in the Nigerian economy.
Addressing a delegation of top private sector executives in Abuja, he said the investment climate was very friendly and told them to take advantage of the abundant opportunities in the country.
A statement by Mohammed Manga, Director of Press of Finance Ministry, quoted, Mr. Edun as saying, “This meeting demonstrates our commitment to fostering economic cooperation between Nigeria and Canada.”
He also quoted the Minister of Budget and Economic Planning, Sen. Abubakar Atiku Bagudu, who also participated in the.meeting as saying, “We are dedicated to creating a conducive environment for investors and promoting economic growth”.
The meeting was organised by the African Capital Alliance led by its Chairman, Mr. Okey Enelamah, former Minister of Industry, Trade and Investment.
It featured discussions on key reforms, investment opportunities, and initiatives aimed at boosting economic cooperation between the two countries.
The Ministers showcased Nigeria’s potential and commitment to creating a conducive business environment.
Mr. Enelamah said African Capital Alliance was pleased to facilitate the engagement, which aligns with its mission to promote private sector investment in Africa.
The Canadian delegation comprising top executives from leading companies expressed interest in exploring Nigeria’s investment landscape.
The delegation included: Victor Dodig, President of CIBC Group; Peter Gilgan, CEO of Mattamy Asset Management; Blake Hutcheson, President of OMERS; Tim Gitzel, President of Cameco; Stephan Crétier, President of Garda World Security Corp.; Goldy Hyder, President of Business Council of Canada; Isaac Olowolafe, Co-Founder of BKR Capital and James Christoff, the High Commissioner of Canada to Nigeria.
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Catholic Church rejects $40k from Kenya’s president
Archbishop of Nairobi Philip Anyolo said the cash would be returned and declined other pledges from
Kenya’s Catholic Church has rejected a donation of about $40,000 (£32,000) made by President William Ruto.
He offered the money towards the building of a priest’s house and as a gift to the choir during Mass on Sunday at the Soweto Catholic Church in the capital, Nairobi.
The donation followed a recent statement by Catholic bishops, who had hit out at the government for failing to fulfil their electoral promises.
Churches have been under pressure this year from young anti-tax protesters who have accused them of being too close to politicians.
Following Ruto’s much-publicised donation on Sunday, many Kenyans urged the Catholic Church to reject the money.
The president had given around 2.6m Kenyan shillings ($20,000, £16,000) in cash, pledged the rest of the money later and also promised to give the parish a bus.
The Catholic Archbishop of Nairobi, Philip Anyolo, said the cash would be returned over “ethical concerns and the need to safeguard the Church from being used for political purposes”.
He also declined his other pledges and said a donation of 200,000 Kenyan shillings made by the Governor of Nairobi, Johnson Sakaja – who attended the same service, was also being handed back.
“The Catholic Church strongly discourages the use of church events such as fundraisers and gatherings as platforms for political self-promotion,” Archbishop Anyolo said.
Such donations were in breach of the church directives as well as the Kenyan law, he added.
The long ties between churches and political institutions – in a country where more than 80% of the population are Christian – seem to be fraying.
Three years ago, established churches banned politicians from using the pulpit during services in return for donations.
But the relationship was still perceived to be close – with young demonstrators accusing the churches of siding with the government when it decided to impose new taxes earlier this year.
Under the social media hashtag #OccupyChurch, many hit out at the churches for failing to take their side during the deadly protests that erupted in response to the planned tax hikes.
The uproar forced President’s Ruto’s government to withdraw the controversial finance bill in July.
Then last week, the Kenya Conference of Catholic Bishops – which represents all Catholic bishops in the country – accused the government of perpetuating a “culture of lies”.
In a scathing statement, it also raised issues about over-taxation, corruption, violation of human rights, freedom of speech, unemployment as well as a “crumbling” education system and healthcare services.
“Despite the calmness we are experiencing, there is a lot of anxiety and most people are losing trust in the government,” it said.
In response, President Ruto appeared to hit back at the clergy, saying “we must be careful to give factual information lest we become victims of the things we accuse others of doing”.
A senator allied to government, Aaron Cheruiyot, also accused the church of “misinformation”, adding that the “clergy must avoid being purveyors of propaganda, fake news and falsehoods”.
Many of Kenya’s Christians are Catholic – estimated to number 10 million, about 20% of the population, according to government statistics.
Other Christians belong to a variety of evangelical churches and other denominations, including the Anglican Church of Kenya – which has defended the Catholic Church’s position.
Anglican Archbishop Jackson Ole Sapit said the Catholic bishops had reflected the feelings of many Kenyans.
“Calling church leaders names or dismissing the bishops’ statement as ‘misleading, erroneous and false,’ is itself dishonest,” he said.
“The [Catholic] bishops have spoken the minds of Kenyans and faithfully expressed the truth as things are on the ground.” (BBC)
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