(3 minutes read)
Compelled by imminent sanctions, Guinea’s ruling junta has agreed to hand over power to civilians after two years instead of their earlier stand to run the country for four years. This decision to come under the pressure of the international community is contained in a document issued by the Economic Community of West African States (ECOWAS).
The ECOWAS and Guinea have jointly developed a consolidated chronogram (calendar) of the transition spread over 24 months. However, the document does not specify when this 24-month period begins.
Colonel Mamady Doumbouya, the junta head, has pledged to hand over to civilian rule after elections, which will be held in two years’ time. Previously the junta asserted that it would govern for three years and after that, a credible election would be held. should not be delayed beyond three years. On September 22, the leaders of the member states meeting at a summit in New York without the participation of Guinea had given the junta an ultimatum to present a reasonable and acceptable timetable. Upon failing to comply with the deadline, the ECOWAS threatened the country with more severe sanctions.
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https://trendsnafrica.com/guineas-coup-leaders-announce-plans-to-prosecute-ousted-president/
The timetable should be presented at the next summit of the ECOWAS for its approval in order to trigger its implementation, as per a document issued by the regional organisation. Incidentally, the ECOWAS is scheduled to have an ordinary summit by the end of this year.
Egyptian Economic Conference 2022 kicked off on Sunday and would last until 25th October 2022. The meeting is called to discuss the situation and future of Egypt’s economy amid economic crises across the world.
The Economic Conference is organized by the government at the instance of President Abdel Fattah El-Sisi. It has the participation of a large number of economic experts and intellectuals.
So far, the conference discussed multiple issues related to economic policies. It will seek to discuss the visions and ideas of experts on the economic policies required given the current national priorities under Egypt Vision 2030.
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https://trendsnafrica.com/egypt-explores-collaboration-with-siemens/
https://trendsnafrica.com/egypts-cbe-governor-chaired-world-bank-fund-session/
Further, the sessions also discussed the requirement of providing appropriate job opportunities for youth and developing the contribution of the private sector to the economy. The conclusions that emerged from the sessions would result in crafting a comprehensive and sustainable economic growth path.
