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Southern Africa Finance Officials Workshop on Strengthening Cash Management
PORT-LOUIS – Africa Regional Technical Assistance Center South (AFRITAC South) held a workshop on “Improving Cash Management in Developing Countries” in Mauritius, during April 21-25, 2014.
Twenty eight officials from finance ministries and central banks representing twelve AFRITAC South member countries (Botswana, Comoros, Lesotho, Madagascar, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Swaziland, Zambia, and Zimbabwe) attended the seminar.
IMF staff and experts explored with participants how effective cash management systems and practices can contribute to the smooth implementation of general government transactions, and achievement of the operational targets of fiscal policy, public debt management strategy, and monetary policy. The exchanges allowed participants to discuss regional perspectives and good practices in strengthening cash management.
Addressing the participants, Mr. Dev Manraj, the Financial Secretary of the Mauritius Ministry of Finance and Economic Development, noted that cash management is an area that has been gaining greater prominence among policy makers in the region, as poor cash management exerts a cost on public finances and on monetary policy. He emphasized the importance of an effective cash management for ensuring that adequate cash is available to pay for expenditures when they are due; for minimizing net government borrowing costs; and for facilitating monetary policy implementation.
At the conclusion of the workshop, Mr. Jean Luc Helis and Mr. McCarthy Phiri, AFRITAC South public financial management resident advisors, said that the seminar presented a good opportunity to engage officials from the AFRITAC South member countries in the peer-to-peer exchange of ideas on how to make cash management more efficient. The seminar also provided useful inputs into the on-going AFRITAC South technical assistance projects on cash management to its member counties.
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Inside Tinubu’s Closed-Door Meeting With Opposition Leaders – SDP, IPAC Reveal Details
The Social Democratic Party (SDP) and the Inter-Party Advisory Council (IPAC) have disclosed details of their recent closed-door meeting with President Bola Tinubu, explaining that the engagement focused on strengthening Nigeria’s democratic process ahead of the 2027 general elections.
The clarification came amid speculation surrounding the meeting, which took place at the Presidential Villa in Abuja after leaders of several opposition parties attended an Iftar dinner hosted by the president earlier in the week.
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Speaking during a gathering hosted in Abuja by the SDP’s former presidential candidate, Adewole Adebayo on Friday, the party’s National Chairman, Prof. Sadiq Gombe, said the meeting with Tinubu followed an official invitation from the Presidency and lasted about an hour.
According to Gombe, the discussion centred on the need to strengthen Nigeria’s electoral laws and restore public confidence in the country’s electoral process ahead of the 2027 polls.
He explained that the meeting provided an opportunity for party leaders to remind the president of the importance of conducting transparent, free, and credible elections.
Gombe noted that democracy can only thrive when governments listen to the concerns of citizens and ensure electoral processes that guarantee fairness and accountability.
The SDP chairman also expressed concern over growing voter apathy, pointing to the low turnout recorded in the recent Area Council election in the Federal Capital Territory.
He said the Abuja Municipal Area Council election witnessed only about seven per cent voter turnout, which he described as a clear sign that many Nigerians are losing confidence in the electoral system.
Gombe urged the government and members of the National Assembly to take urgent steps to review electoral laws and rebuild public trust in Nigeria’s democracy.
Also speaking, the National Chairman of IPAC, Dr. Yusuf Dantalle, said political parties used the meeting to raise concerns about aspects of proposed electoral reforms, particularly issues related to indirect primaries and the mandatory electronic transmission of results.
Dantalle explained that the parties appealed to the president to use his influence to encourage legislative review where necessary, noting that reforms should strengthen, rather than complicate, the democratic process.
He expressed optimism that Tinubu would consider the concerns raised and support necessary amendments that would improve the electoral system.
The IPAC chairman also called on the Independent National Electoral Commission (INEC) to strictly adhere to electoral guidelines as preparations for the next election cycle begin.
Earlier in his remarks, Adebayo cautioned political actors against turning the 2027 general elections into a do-or-die contest, stressing that the primary goal of democracy should be the progress and stability of Nigeria rather than personal political victories.
He urged leaders across political parties to encourage citizens to actively participate in the democratic process and ensure that elections are conducted peacefully and transparently.
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President Tinubu nominates Taxman Taiwo Oyedele as minister of state for finance
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Nigeria deploys 5 man delegation to the US for Rev Jesse Jackson’s Burial







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