Lusaka - Zambia: PRESIDENT Hakainde Hichilema has appointed and sworn in a new Minister of Finance Dr. Situmbeko Musokotwane, making this his first cabinet
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Dr Ngozi Okonjo-Iweala’s appointment as the director-general of the World Trade Organisation is a step closer to bridging the global gender parity gap.
For decades, women, especially those originating from the global South, have fought for representation and inclusiveness in political, economic, and social spaces both on domestic and international levels. The Organisation for Economic Co-operation and Development (OECD) posits that gender diversity in public institutions is imperative considering that these decision-making bodies create the rules that affect people’s rights, behaviours, and life choices.
Studies show that including women in strategic leadership positions sees a tempering of the economics of development with “welfareism” as opposed to solely profiteering. The need for diverse hiring in international institutions is particularly dire and urgent. A global structure designed/acclaimed to manage global affairs should truly reflect the societies they represent in
United States Rescinds Designation of Sudan as State Sponsor of Terrorism
Key Points
On December 14, 2020, the U.S. Department of State officially rescinded Sudan’s designation as an SST in light of Sudan’s actions to normalize relations with Israel and resolution of terrorism claims.
This action paves the way for the lifting of mandatory U.S. trade restrictions on business involving Sudan, the government of Sudan and Sudanese nationals that was based on Sudan’s previous SST listing.
Before embarking on any activity or transaction involving Sudan, companies should be diligent to assess the extent to which remaining federal and state restrictions, including state level divestment sanctions regarding Sudan, as well as contractual or other relevant restrictions regarding Sudan still in place, may affect new business opportunities.