DAILY RENDEZVOUS

Daily Rendezvous  Ishioma Emi for Ventures Africa  International lenders such as the World Bank and the International Monetary Fund have issued warnings of a potential global recession. This situation would be particularly dire for emerging economies, particularly those in Sub-Saharan Africa. A depreciating currency and the ongoing conflict between Russia and Ukraine are causing instability in the global market, leading to food insecurity and slowing developed economies. Last September, the World Bank, in a press release, noted how central banks around the world have been raising interest rates with a degree of synchronicity not seen over the past five decades—a trend that is likely to continue well into 2023. Yet “the currently expected trajectory of interest-rate increases and other policy actions may not be sufficient to bring global inflation back down to levels seen before the pandemic. Investors expect central banks to raise global monetary-policy rates to al...

Daily Rendezvous By West Michael The Director, Department of Sub-Saharan Africa at the Czech ministry of foreign Affairs, Micol Adamcova has promised to ensure implementation of developmental policies that will positively impact on countries within the Sub- region. Adamcova made the statement while responding to issues raised by the Ambassador of Nigeria to Czech Republic, Kevin Peter.  Ambassador Kevin was at the ministry of foreign Affairs at Czech to facilitate the exchange of ideas and issues of interest to Nigeria.  Present at the meeting were the Czech Republic Ambassador designate to Nigeria, Zdenek Krejci and the finance desk officer for Sub-Saharan Africa. Ambassador Kevin thereafter appreciated the people and Government of Czech Republic for the high regard accorded to the President of Nigeria at all times.