PUTIN WOOS AFRICAN LEADERS AT SHOWCASE SUMMIT, SAYS RUSSIA IS BETTER PARTNER THAN 'COLONIAL' WEST. (PHOTO).
Putin woos African leaders at showcase summit, says Russia is better partner than 'colonial' West President Vladimir Putin told African leaders on Wednesday that Russia was their best partner, accusing what he cast as a colonial West of still trying to exploit the continent's resources and using debt to hold back development, Reuters reported. The Kremlin chief was speaking at the third Russia-Africa Summit in Moscow, a two-day event attended by African leaders and government delegations from 48 countries, during which he will hold one-on-one talks with many of the 22 individual African leaders attending on everything from trade to security, arms deals and grain supplies. "Africa is increasingly asserting itself as one of the key players in the global economy and politics. However, the emergence of a multipolar world is, of course, no easy task; it faces resistance from countries that are not prepared to accept this reality: those who are accustomed to thinking i...
Yesterday tuesday,the Senate President Bukola Saraki announced that they passed the Secured Transaction in Movable Assets Bill and the Credit Bureau Services Bill.These two Bills are a part of the Senate's Ease of Doing Business Legislation that are aimed at making the local regulatory environment more conducive to starting and operating businesses.Under the Secured Transaction in Movable Assets Bill,we can close the gap on access to credit financing for SME's by allowing the use of movable assets as collateral when acquiring loans.Up until now,only fixed assets like land and infrastructure were accepted.Additionally,the Secured Transaction Bill strengthens the financial inclusion of SME's,stimulates responsible lending to micro,small and medium enterprises and establishes a Collateral Registry for its operations.
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