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KENYA RANKED FIFTH RICHEST COUNTRY IN AFRICA

** Kenya has been ranked by a recent wealth report as the fith wealthiest country in Africa.
According to The AfrAsia Bank Wealth Report 2018 , the country has privately owned wealth to a tune of KSh 10.5 trillion.

According to the report, South Africa is the wealthiest with private property valued at KSh KSh 72.8 trillion, Egypt second with KSh 33.0 trillion, Nigeria KSh 25.3 trillion and Morocco at KSh 12.2 trillion.

The wealth was arrived at by calculating the value of property for instance property, cash, equities and business interests with liabilities and government funds factored out.

The report also ranked Kenya fourth as the with fasted wealth growth which was capped at 73%.
Mauritius had the highest wealth growth rate at 195%, Ethiopia 190%, Rwanda 74% and Tanzania 66%.

  TRENDING

*. A last-minute effort by the wife of the Lagos State Governor, Bolanle Ambode, to save her husband’s job was said to have hit a brick wall on Tuesday. It was gathered that Bolanle, who followed Gov. Ambode to Osun State on Monday for the Tuesday’s APC’ mega rally for the state governorship candidate, Gboyega Oyetola, waylaid Asiwaju Bola Tinubu, and tried to pacify him to change his mind. Sources revealed that her efforts did not yield any result as Tinubu was said to have “received her cordially and joked with her.”

TRENDING
Minister of Labour and Employment, Dr Chris Ngige, was said to have surrendered his nomination form, for the Anambra Central senatorial zone contest to Senator Uche Ekwunife. Mrs Ekwunife disclosed this on Saturday evening, during the opening of the Senator Uche Ekwunife Center in Awka, while addressing guests, after a holy mass to bless the centre. Ekwunife said, “I want to thank in a special way, Dr Chris Ngige, who bought a senatorial nomination form for me.”

NEWS FLASH

  1. FOREIGN SCENE:
    President Donald Trump on Tuesday accused China of seeking to influence upcoming US elections by taking aim at his political support base in the countries’ escalating trade war. “China has openly stated that they are actively trying to impact and change our election by attacking our farmers, ranchers and industrial workers because of their loyalty to me,” Trump tweeted. Trump’s comments came a day after he targeted another $200 billion in Chinese imports with tariffs starting next week, drawing an immediate vow of retaliation from Beijing.
  2. FOREIGN SCENE:
    China will levy tariffs on about $60 billion worth of U.S. goods in retaliation for the latest round of U.S. tariffs on Chinese products, as previously planned, but has reduced the level of tariffs that it will collect on the products. The tit-for-tat measures are the latest escalation in an increasingly protracted trade dispute between the world’s two largest economies. On Monday, the U.S. administration said it will begin to levy new tariffs of 10 percent on $200 billion of Chinese products on Sept. 24, with the tariffs to go up to 25 percent by the end of 2018.
  3. AFRICAN ISSUES:
    The British High Commission in Nigeria has made it clear that the recent visit of the British Prime Minister, Theresa May, is not an endorsement of President Muhammadu Buhari or any other candidate.
    Laura Beaufils, the British Deputy High Commissioner to Nigeria, said this in her address, at an interactive session organised for journalists by the commission in Lagos. Beaufils also restated the UK government’s commitment to spending £47.4million on Deepening Democracy in Nigeria Programme Phase 2 (DDiN2).
  4. PRESIDENCY:
    President Buhari on Tuesday urged Osun State voters to keep selfish and corrupt leaders out of government by ensuring they vote for APC on Saturday. Mr Buhari was addressing the mega rally of the APC in Osogbo in support of the governorship candidate, Gboyega Oyetola, ahead of the election. The rally which was well attended also had in attendance APC governors from the southwest, Edo and from the north. The rally also saw the lock down of some parts of the main Osogbo town with serious traffic problems.
  5. NATIONAL ASSEMBLY:
    Senate president and presidential hopeful, Bukola Saraki, says he has the medicine that will help residents of Lagos state defeat the godfather that is terrorizing politicians in the state. Saraki, who did not mention the godfather who was referring to, said he would help the state PDP win the 2019 governorship election. Saraki said this while addressing PDP delegates. Normal everyday dude uniquely different in an everyday manner, a young man that strongly believes in the Nigerian project. I’m a mixture of science, arts and politics.
  6. FEDERAL GOVERNMENT:
    The Federal Government says it is enforcing the mandatory use of the National Identification Number (NIN) beginning from January 1, 2019. The Director-General of the National Identity Management Commission (NIMC), Engr. Aliyu Abubakar Aziz, disclosed this in a statement on Tuesday. He said the mandatory usage of the identification number was sequel to Federal Executive Council (FEC’s) approval last week of the immediate commencement of the implementation of a strategic roadmap for a new Digital Identity Ecosystem.
  7. STATE GOVERNMENT:
    Gov. Samuel Ortom of on Tuesday said in reaction to a media comment credited to Senator Barnabas Gemade that he does not betray people. media report had allegedly quoted the senator who represents Benue North East senatorial district at the National Assembly as saying that he defected again from PDP to SDP because the governor betrayed him. In reaction to the allegation on Tuesday in Makurdi, the governor posited that he would want to believe that Gemade was misquoted in the said media report.
  8. INEC:
    INEC said it was not banning the use of Smartphone around the polling unit areas, but the moment a prospective voter entered voting cubicle to cast his or her vote. The Chief Press Secretary to INEC Chairman, Rotimi Oyekanmi, made the declaration in an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja. He stated this while reacting to the statement issued by the National Chairman of PDP, Uche Secondus, condemning the decision of INEC to ban the use of smart phones at polling booths.
  9. POLITICS:
    A former senate president and now presidential aspirant, David Mark, on Monday visited Nigeria’s former head of state, Abdulsalam Abubakar at his Abuja residence where they held a private meeting.
    According to a statement by Mr Mark’s media assistant, Paul Mumeh, the meeting lasted for about two hours. He is believed to have discussed his ambition with the former leader. Mr Mark’s visit comes barely two days after he visited former military president, Ibrahim Babangida, to seek counsel regarding his presidential ambition.
  10. POLITICS:
    PDP is currently consulting with stakeholders towards presenting a candidate for the 2019 presidential election, Aminu Tambuwal, Governor of Sokoto State and presidential aspirant for the party’s ticket, revealed on Tuesday. But Tambuwal added that if this fails, he intends to accept the outcome of the party’s presidential primary scheduled for October 5 and 6, regardless of the winner. Tambuwal said this in Birnin Kebbi when he met with stakeholders of the party as part of his pre-primary

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