News & Events

The World Bank has approved a $47.7 million grant from the International Development Association (IDA) for The Gambia’s Public Administration Modernisation for Citizen-Centric Service Delivery (PAMP). The first five-year programme in The Gambia aims to strengthen the public sector by improving domestic resource mobilisation, financial reporting, human resource management, and citizen engagement, focusing on education and health.

The programme will help optimise public revenue, enhance financial transparency, and improve tax and payroll management. It also aims to promote gender equality and climate-resilient development. Successful outcomes will provide additional fiscal space for the government to improve service delivery while strengthening expenditure controls.

Franklin Mutahakana, World Bank Group Resident Representative, praised The Gambia’s commitment to reforms, which will enhance public sector efficiency and transparency. Yousif Mubarak Elmahdi, Task Team Leader, added that the programme will bolster the operational capacity of government institutions. The Ministry of Finance and Economic Affairs will lead the programme’s implementation.

Read the original article here: https://thepoint.gm/africa/gambia/headlines/world-bank-approves-us47-7m-to-improve-gambias-public-sector

Investors are betting on Ether to surpass its 2021 milestone, drawing attention away from Bitcoin’s record-breaking rally over $100,000. Bloomberg data shows US-listed Ethereum ETFs saw a record $428 million daily inflow on Thursday, with Ether outperforming Bitcoin, rising 61%. This surge follows Donald Trump’s November 5 victory, which fueled hopes for looser crypto regulations. Ether futures open interest has also hit record levels on the CME Group, outpacing Bitcoin.

Trump’s SEC pick, Paul Atkins, known for his crypto advocacy, has further boosted investor confidence, spurring record ETF inflows. Additionally, the growing interest in Ether ETFs reflects optimism that staking rewards for the token could soon improve, as Atkins’ appointment signals potential regulatory changes favourable to Ether. This shift in sentiment highlights Ether’s strong potential to continue attracting investment in the face of Bitcoin’s dominance.

Read the original article here: https://www.msn.com/en-in/money/topstories/ether-s-61-rally-outperforms-bitcoin-s-100-000-record-surge/ar-AA1vw6uM?ocid=BingNewsVerp

The importance of this day was magnified in 1964 when Tanganyika united with Zanzibar to form the United Republic of Tanzania. This unification brought together diverse cultures, traditions, and histories, creating a stronger, more united nation.

Celebrations on this day typically include official ceremonies, a presidential address, military parades, cultural performances, public gatherings, and educational programmes. These events commemorate the historical transition, celebrate Tanzania’s rich cultural heritage, and reflect on the nation’s progress since becoming a republic. Republic Day serves as an opportunity for Tanzanians to reflect on the challenges overcome, the advancements made in areas such as education, healthcare, and economic development, and the work that still lies ahead. It reinforces the principles of self-governance, national unity, and the ongoing process of nation-building, reminding Tanzanians of their country’s hard-won independence and its commitment to democratic ideals and national sovereignty as they continue to face new challenges in the 21st century.