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South African President Ramaphosa Appoints Okonjo-Iweala Head Economic Advisory Council

South Africa’s President Cyril Ramaphosa has reportedly appointed Dr. Ngozi Okonjo-Iweala as the Head of the country’s Economic Advisory Council.

ABN TV reports that South Africa entered its second recession in two years in the final quarter of last year as agriculture, transport and construction contracted, data showed on Tuesday, highlighting the impact of power cuts on the nation’s economy.

Statistics South Africa said the economy shrank 1.4 per cent in the fourth quarter, following a revised 0.8 per cent contraction in the third quarter. Agriculture declined 7.6 per cent, transport 7.2 per cent, construction 5.9 per cent, electricity 4 per cent and retail 3.8 per cent, the data showed.

President Ramaphosa was pictured with Dr. Ngozi Okonjo-Iweala, and members of the Presidential economic advisory Council in Pretoria discussing sources of growth for the South African economy.

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South African President, Cyril Ramaphosa with Ngozi Okonjo-Iweala and members of the Presidential economic advisory Council in Pretoria

Among Dr. Ngozi Okonjo-Iweala’s several other feats include the fact that she is the present Board Chair Gavi, present Board Chair ARCapacity, two-time Nigerian Minister of Finance, and former Managing Director Operations, World Bank.

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ABN TV EDITOR

ABN TV is one of the most visited news platform across Nigeria and the world over. It has carved a niche for itself in delivering authentic, accurate news.

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