Pressure mounts on National over Labour retirement bill

He urged National to adopt the bill’s workable elements before the end of the parliamentary term, warning: “We’re…
#NewsBeep #News #Headlines #amendment #bill #fairer #follow #ingrid #intensified #Labour #last #leaked #learys #mounts #move #national #NewZealand #NZ #on #over #party #political #pressure #quickly #recognising #recording #repayments #retirement #smart #suit #thursday #uffindell #villages
https://www.newsbeep.com/28242/

#Adesina criticizes #opaque #loans linked to #Africa's #resources

The head of the #African #Development #Bank is calling for an end to loans given in exchange for the continent's #rich #oil #reserves or essential #minerals used in #smartphones and #electric car #batteries.

This type of #borrowing has plunged many #African #countries into a #financial #crisis.

“They're just bad, first and foremost, because you can't value assets properly,” #Akinwumi Adesina said in an interview with The Associated #Press in #Lagos, #Nigeria, last week.

"If you have #minerals or #oil under the ground, how do you find a #price for a long-term #contract? It's a challenge," he explains.

Linking future revenues from #natural #resource #exports to loan #repayments is often presented as a way for recipients to obtain f#inancing for #infrastructure #projects and for lenders to reduce the #risk of not getting their money back.

The shift to #renewable #energy and #electric #vehicles has caused a spike in demand for essential minerals, which favors this type of lending. The agreement between #China and the #Congo illustrates this well. Beijing thus exploits the world's largest #reserves of #cobalt, a mineral used to #manufacture #lithium #batteries.

French https://fr.africanews.com/2024/03/12/adesina-critique-les-prets-opaques-lies-aux-ressources-de-lafrique/

English https://fr-africanews-com.translate.goog/2024/03/12/adesina-critique-les-prets-opaques-lies-aux-ressources-de-lafrique/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=fr&_x_tr_pto=wapp

#africa #Afrika #afrique

"On the #LatestEpisode of #TheMaple 's #NorthUntapped #podcast , we spoke to Dru Oja Jay from #TheBreach about why #BillC18 will likely end up #subsidizing the #profits & #debt #repayments of #corporate #media giants like #Postmedia & why the #government should instead focus on providing such #revenues to #nonprofit #news organizations dedicated to #PublicInterest #journalism ."

https://www.readthemaple.com/podcast-bill-c-wont-save-canadian-journalism/