International
ECOWAS Intensifies Efforts On Regional Single Currency
The Economies of West African States (ECOWAS) has intensified efforts on practical arrangements for the launch of the single currency, ECO for the region following consensus reached in the implementation of the directives issued at its 65th Ordinary Session.
This was revealed in a communiqué issued at the end of the 66th ordinary session of the authority of the head of state and government meeting held in Abuja on Sunday.
The ECOWAS bloc of 15 countries had previously planned to launch the currency in 2020, but the coronavirus pandemic caused delays.
The new launch date is 2027.
The Authority said it adopted the criteria proposed by the High-Level Committee for the selection of candidate Member States for the launch of ECO or those which would join at a later stage.
It instructed the Commission, in collaboration with the West African Monetary Agency (WAMA), to ensure that these criteria are incorporated into the protocol establishing the ECOWAS Monetary Union Agreement.
The Authority also endorses the proposals of the High-LevelCommittee on the costs, sources and modalities for financing the implementation of the reforms and institutions needed to launch the ECO.
It urged the central banks and member states to take the necessary measures for the payment of their financial contributions for the operationalisation of these institutions as soon as the decision on the effective date for the launch of the ECOWAS single currency is taken.
The Heads of State also urged the High-Level Committee, in collaboration with the ECOWAS Commission, to intensify its efforts to ensure that the deadlines set for the establishment and operationalisation of the institutions needed to launch the ECO are met.
The body said it welcomed the results achieved in the implementation of the ECOWAS Agricultural Policy (ECOWAP) within the framework of food security and nutrition.
Considering the critical role of agriculture in the socio-economic development of ECOWAS member states, the Authority directed the commission to ensure a swift implementation of the regional strategy for the Development of Livestock Farming and the Security of Pastoral Systems; the Regional Rice Self-sufficiency Initiative and its road map 2025-2035; and domesticate the Comprehensive African Agriculture Development Programme (CAADP) Action Plan 2026-2035.
The Authority also welcomed the strengthening of cooperation with technical and financial partners and urged member states to work together with community institutions towards the achievement of these initiatives for food security and nutrition in the region.
The ECOWAS currency is intended to:
Improve trade
A single currency could lower trade costs and improve intraregional trade, which is currently hindered by the use of different national currencies that are not convertible within ECOWAS.
· Boost economic prosperityA single currency could boost the economic well-being and prosperity of ECOWAS countries.
Some say that the transition to a single currency will involve a short period where both the national currencies and the common currency circulate side by side.
Others suggest that the first phase of implementation should involve two distinct ECO zones, where countries peg their national currency to the ECO.
International
Trump kicks off his ‘Board of Peace,’ as war clouds loom on Iran
Trump, who has sharply curtailed foreign aid, said that the United States would contribute $10 billion to the initiative whose goals include rebuilding Gaza, which was reduced to rubble by two years of war between Hamas and Israel.
Image credit : AFP
President Donald Trump on Thursday promised $10 billion for a new “Board of Peace,” an amorphous new institution focused first on Gaza that is being launched just as he threatens Iran with war.
While US warplanes and aircraft carriers headed toward Iran on his orders, Trump welcomed some two dozen allies from around the world to the gleaming Washington building of the former US Institute of Peace, which has been gutted and renamed after the 79-year-old Republican.
Trump, who has sharply curtailed foreign aid, said that the United States would contribute $10 billion to the initiative whose goals include rebuilding Gaza, which was reduced to rubble by two years of war between Hamas and Israel.
“Together we can achieve the dream of bringing lasting harmony to a region tortured by centuries of war, suffering,” said the realtor-turned-president, who has previously spoken improbably of building tourist resorts in Gaza.
Trump did not explain exactly where the money would go and his “Board of Peace” has drawn wide criticism for its opaque nature.
Trump will wield veto power over the “Board of Peace” and can remain its head even after leaving office, while countries that want to stay on permanently rather than enjoy a two-year stint will need to pay $1 billion.
In a rambling speech in which he denounced domestic opponents, highlighted stock market gains and hailed his prowess in endorsing foreign leaders during elections, Trump said he wanted to pursue more peace deals.
Crime
BREAKING: Bellarmine Chatunga Mugabe Arrested in Johannesburg After Alleged Shooting at Home
Bellarmine Chatunga Mugabe, the youngest son of the late former Zimbabwean President Robert Mugabe, has been arrested following a shooting incident at his residence in the upscale Hyde Park suburb.
According to reports from South African media outlets including eNCA and IOL, as well as Gauteng police investigations, an employee—described variably as a security guard or gardener—was shot during an apparent dispute at the property.
The victim is in critical condition and receiving medical treatment.Police responded to the scene, where Mugabe was reportedly taken into custody in connection with the shooting.
Some unconfirmed social media accounts and early reports mentioned police negotiators attending amid claims the suspect had barricaded himself, but he was subsequently arrested.
This marks the latest in a series of legal troubles for Bellarmine Chatunga Mugabe, who has previously faced charges related to assault in Zimbabwe, including incidents involving security personnel and law enforcement.
The investigation by the South African Police Service (SAPS) is ongoing, with more details expected as the case develops. Authorities have not yet released an official statement on charges or motives.
The incident has drawn significant attention online and in regional media, given the family’s prominent political legacy.
International
Five Critically Injured in Catastrophic Explosion at Upstate New York Church
A powerful explosion devastated the Abundant Life Fellowship Church in this rural community on Tuesday morning, February 17, 2026, leaving five people—including the church’s pastor and four firefighters—critically injured, authorities said.
The blast occurred around 10:25–10:30 a.m. at the church located on State Route 12 in the Town of Boonville, Oneida County, approximately 50 miles northeast of Syracuse. Emergency responders were initially dispatched after reports of a strong gas odor inside the building.
According to New York State Police, a preliminary investigation indicates that four individuals were in the church basement when the furnace activated, triggering the explosion.
A fifth person a firefighter was on the first floor attempting to ventilate the structure and was thrown against a wall by the force of the blast.
The injured have been identified as:
– Brandon Pitts, 43, pastor of Abundant Life Fellowship Church
– David Pritchard Jr., 60, Boonville Fire Chief
– Allan Austin, 67, Boonville Fire Department firefighter
– Nicholas Amicucci, 43, Boonville Fire Department firefighter
– Richard Czajka, 71, Boonville Fire Department firefighter
All five victims were transported to regional hospitals, including Upstate University Hospital and Wynn Hospital, where they remain in critical but stable condition.
The explosion caused catastrophic damage to the church building, which officials now consider “destroyed.”
Thick black smoke billowed from the site following the blast.
State police emphasized that there is no indication of criminal activity at this time, and the incident appears to stem from a propane or gas-related issue in the heating system.
The investigation is ongoing.Community members and first responder agencies have expressed support for the injured and their families as recovery efforts continue.
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