International News
Ex Mastercard CEO, Sole Nominee For World Bank Presidency
The World Bank Group’s Executive Directors Board has declared Ajay Banga, a US citizen, as the exclusive contender for the post of the bank’s next president.
The announcement was made through a statement released by the World Bank in Abuja on Friday.
The statement reads, “The World Bank Group’s Board of Executive Directors today confirmed that, as announced on February 22, the period for submitting nominations for the position of the next President of the World Bank Group closed on Wednesday at 6:00 pm ET.
“The board received one nomination and would like to announce that Ajay Banga, a U.S. national, will be considered for the position.
“In accordance with established procedures, the Board of Executive Directors will conduct a formal interview with the candidate in Washington D.C., and expect to conclude the presidential selection in due course,” it added.
According to a report by the News Agency of Nigeria, in February, Joe Biden, the President of the United States, nominated Ajay Banga to take charge of the World Bank, citing his strong credentials and ability to lead the international organization during this crucial period in history.
It was further reported that no other country put forward an alternative candidate for the prestigious position, making Ajay Banga the sole nominee for the next president of the World Bank.
Ajay Banga, who was born in India and is now a naturalized US citizen, is 63 years old and currently serves as the vice chairman at General Atlantic.
According to the News Agency of Nigeria, if he is confirmed for the position, Banga will become the first Indian-American to lead either of the two major global financial institutions: the World Bank or the International Monetary Fund.
David Malpass, the current president of the World Bank, will step down in June, almost a year before the end of his term.
Malpass received criticism during his term for the bank’s commitment to climate action and his personal views on climate change.
However, Banga is expected to take over the position if his nomination is approved.
International News
Deadly Fire Engulfs Kenyan Girls’ School Dorm, 16 Confirmed Dead
A devastating fire has swept through a girls’ boarding school in central Kenya, leaving at least 16 students dead and dozens more injured in one of the country’s worst school tragedies in recent years.
The incident occurred in the early hours of Thursday at Utumishi Girls Academy, located in Nakuru County, roughly 120 kilometres north of Nairobi. Authorities said the fire broke out around 1:00 a.m. while about 220 students were asleep inside the dormitory.
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Emergency responders, including the Kenyan Red Cross and local security agencies, rushed to the scene and evacuated survivors.
At least 73 students have been hospitalised with varying degrees of burns and smoke inhalation, while rescue operations and search efforts continued into the morning.
Police sources said the cause of the fire remains unknown, and investigations have been launched to determine what triggered the deadly blaze.
The affected dormitory has since been cordoned off as forensic teams examine the scene.
Parents gathered anxiously outside the school as authorities worked to account for all students. Officials have urged calm, assuring that full details will be released once investigations are completed.
The tragedy adds to a troubling history of school dormitory fires in Kenya, where boarding schools remain common.
In previous years, similar incidents have raised serious concerns about safety standards and emergency preparedness in educational institutions.
Government officials are expected to revisit school safety regulations following the latest disaster.
International News
New US Strike on Iran Sends Oil Prices Soaring as Middle East Tensions Escalate
Global oil prices climbed sharply on Thursday following reports of a new United States military strike on Iran, raising fresh concerns over stability in the Middle East and possible disruptions to global energy supplies.
Brent crude rose significantly in early trading, while West Texas Intermediate also recorded gains as investors reacted to renewed hostilities and uncertainty around the fragile ceasefire in the region.
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According to reports, the latest US action included targeted strikes on Iranian positions following a series of drone and maritime incidents in and around the Strait of Hormuz.
The US military described its operations as “measured and defensive,” aimed at preventing further escalation and protecting strategic interests in the region.
The developments triggered immediate reactions across global financial markets, with Asian stocks mostly declining amid fears that prolonged conflict could disrupt oil shipments through the Strait of Hormuz — a critical route for nearly a fifth of global crude supply.
Market analysts warn that sustained instability could push energy prices even higher, fueling inflationary pressures worldwide and potentially forcing central banks to maintain tighter monetary policies.
In Asia, major indices recorded losses, while tech-driven gains in select markets were overshadowed by broader investor caution. Safe-haven assets strengthened slightly as traders moved away from riskier positions.
Economists say the situation remains highly volatile, with conflicting signals from Washington and Tehran adding to uncertainty.
Any further escalation, they caution, could send oil prices even higher and deepen global economic pressure.
For now, investors are closely watching diplomatic developments and military activity in the region, as the world braces for possible further shocks to energy markets.
International News
U.S. Issues Highest-Level Travel Warning for Uganda Over Deadly Ebola Outbreak
The United States has issued its strongest travel advisory against Uganda, warning citizens to completely avoid travel to the country due to an ongoing outbreak of Ebola virus disease.
In the updated alert, the United States Department of State upgraded Uganda’s travel status to Level 4, the highest risk classification, which is widely understood as a “Do Not Travel” warning.
The decision was based on serious health threats and the rapid spread of the virus in affected areas.
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Authorities also warned of the risk of cross-border transmission, noting that continued movement across neighbouring countries could worsen the situation despite ongoing containment efforts.
Previously, the Centers for Disease Control and Prevention had placed Uganda under a lower-level health advisory, advising travellers to take standard precautions.
However, a surge in infections and deteriorating conditions led to the tightening of restrictions.
Meanwhile, Ugandan authorities have stepped up emergency response measures, including stricter border surveillance, movement restrictions in affected zones, and reductions in public transportation and market activities in high-risk areas.
Health agencies remain on high alert as the outbreak continues to raise concern over possible regional spread across East Africa.





