U.S ANNOUNCES VISA CURBS FOR SOME FOREIGN NATIONALS IN SOUTH AFRICA. (PHOTO).

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 U.S announces visa curbs for some foreign nationals in South Africa Secretary of State Marco Rubio ‌said on Tuesday the U.S. government was announcing a new visa restriction ​policy targeting some foreign nationals ​in South Africa. The policy targets "foreign ⁠nationals who are responsible for, ​or complicit in, the enactment or ​implementation of laws or policies that enable uncompensated land seizures, race-based discrimination, and/or ​the incitement of imminent violence ​against members of minority ethnic or racial ‌groups ⁠in South Africa," Rubio said in a statement. "The South African government has not adequately addressed the ​previously laid ​out ⁠concerns," Rubio said, Reuters reported. Relations between Washington and Pretoria have ​soured since the start of ​Donald ⁠Trump's second term, with the U.S. president criticizing the country ⁠for ​its policies aimed at ​addressing racial inequality.
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ATIKU SPEAKS ON THE 6TH COLLAPSE OF THE NATIONAL GRID THAT OCCURRED AROUND 12:23PM TODAY.(PHOTO).#PRESS RELEASE

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I am reliably informed that there was a total National Grid Collapse at precisely 12:23pm today. This is one collapse too many. It is the 6th time this is happening this year alone.

Due to the priority that I place on the power sector upon which the successes of other sectors are hinged, I am proposing innovative financing of infrastructure that will involve the facilitation of a review of the financial, legal, and regulatory environment to promote private investment in power, among other sectors.

I’ll promote the incentivisation, with tax breaks, a consortium of private sector institutions to establish an Infrastructure Debt Fund (IDF) to primarily mobilise domestic and international private resources for the financing and delivery of large infrastructure projects across all the sectors of the economy.

The IDF will have an initial investment capacity of approximately US$20 billion. In addition, I’ll cause the creation of an Infrastructure Development Credit Guarantee Agency to complement the operation of the IDF by de-risking investments in infrastructure to build investor confidence in taking risks and investing capital. -AA

 

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