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aja’a is a displaced 63-year-old widow from south Lebanon who has been praying for a ceasefire deal to end the between Iranian-backed militant group Hezbollah and Israel. To date, the conflict has killed thousands and . As the winter months set in on the Lebanese mountains Raja’a, whose name means hope, grew more desperate. Her phone calls have become more frequent. “Firas my dear, do you think peace is near? I’m cold.” The U.S.-brokered truce that Lebanon signed on to and Israel’s war cabinet , is a far cry from any kind of “divine victory” Hezbollah proclaimed after its last major war with Israel in 2006. indicates the group will be required to withdraw its heavy weaponry from south Lebanon, a key Israeli demand. The deal also creates an American-led monitoring and enforcement mechanism to verify that withdrawal, and to prevent Iran from replenishing the group’s historically formidable arsenal. But will U.S. supervision and guarantees bring lasting stability to this ? Or will it prove to be just another intermission between wars as Hezbollah regroups now that its ? Israel is skeptical. The arrangement that ended the , U.N. Security Council Resolution 1701, was largely left unenforced. In its wake, Hezbollah grew exponentially stronger as Iran furnished it with ballistic missiles and precision-guided munitions while U.N. peacekeepers and the Lebanese Armed Forces looked the other way. To address these concerns, the U.S. has reportedly provided Israel a that consents to continued aerial reconnaissance over Lebanon, and Tel Aviv’s right to strike at emerging threats if the monitoring and enforcement mechanism fail. Senior Israeli officials have privately told their American counterparts, “We will do less if the mechanism does more, but we will have to do more if it ultimately does less.” But Washington’s assurances and the U.S.-led monitoring mechanism can only do so much without a willing and capable partner in Beirut, a Lebanese government that is ready to work with the international community to expand the state’s sovereignty, enforce border controls, and curb what remains of Hezbollah’s military might. The Lebanese army is the most respected institution in an otherwise diverse and sectarian country. But it cannot be the required partner without political directives from a sovereign-minded President. Even if the in Lebanon comes to an end, the country cannot possibly work with international donors to undertake the mammoth task of reconstruction without a reformist government—one that no longer consents to Hezbollah’s brandishing of under the rubric of resistance to Israel. Amos Hochstein, the charismatic U.S. envoy leading the ceasefire talks, has largely shied away from Lebanon’s archaic internal affairs and the question of the day after. Much more is required, not only to reboot the stalled political process in Beirut, but also to prevent Lebanon from backsliding into civil strife, as it did following the last major Hezbollah-Israel war. In 2008, the militant group against a Lebanese government that tried to limit its power. Lebanon is a country that will need active management to achieve any sustained progress. Before Washington is fully consumed by the in January, Hochstein would do well to enlist the help of France and Saudi Arabia, U.S. partners who have traditionally wielded significant influence in Lebanon and who have a long track record of mediating between the bickering Lebanese parties. France has been grudgingly watching from the sidelines as Hochstein asserted American leadership at the expense of French diplomacy over its former protectorate. But in the days ahead, as the guns finally fall silent, Hochstein should support Paris and encourage it to resume talks with the disparate Lebanese factions to end years of political gridlock that have crippled state institutions and left the . The Saudis, who hosted and facilitated the talks that ended the 15-year Lebanese civil war in 1990, have also been hands-off, foregoing a role in Lebanon to focus on their country’s . But they too now have an interest in stepping up, realizing that progress on their vision of regional integration and will depend on durable ceasefires in Lebanon and Gaza. Both the Saudis and the French maintain a pragmatic, if still largely adversarial, relationship with Iran. This will matter for the politics surrounding a diminished, but still significant . When French President Emanuel Macron visits Saudi Arabia on a , he should propose co-hosting a post-war national dialogue of Lebanese leaders under American, French, and Saudi patronage to reboot Beirut’s stalled politics, and to set clear conditions for the billions of U.S. dollars needed for reconstruction. And as Trump returns to office next year, appointing a capable successor to Hochstein to work with all the parties should be a foreign policy priority. The Italian political philosopher Antonio Gramsci famously warned that a great variety of morbid symptoms appear in the interregnum that occurs when the old is dying and the new cannot yet be born. We must beware of what might follow a much-anticipated Israel-Lebanon ceasefire if Beirut is left unattended. If the millions like Raja’a, a second mother to me, return to shattered villages with no prospect of rebuilding and little hope of a dignified existence, Hochstein’s ceasefire won’t last long.Omolabake Fasogbon Sterling Financial Holdings Company Plc said it has achieved another milestone with the approval of the Central Bank of Nigeria (CBN) recognising an additional N75 billion in its capital raise. The approval represents the final leg of the capital injection that was achieved through a private placement in September 2024, the bank explained in a statement yesterday. Building on the private placement’s success, Sterling launched a Rights Issue in October 2024, structured to provide existing shareholders the exclusive opportunity to deepen their stakes in the company and share in its growth story. The rights issue received significant interest and participation, highlighting the confidence and trust the company has cultivated among its shareholders over the years. Regulatory approval for the process is currently underway, marking another significant step in the recapitalisation journey. “The public is eagerly awaiting Sterling’s Public Offer, which will present an exciting opportunity for individuals to invest in the company. It is anticipated that the recapitalisation process will be completed with a Public Offer early next year, allowing wider participation from the public and further strengthening its commitment to shared value creation,” the bank noted. Group Chief Executive, Yemi Odubiyi, in a statement, described the capital injection and the approval as a validation of the company’s strategic direction and operational excellence. “This milestone reflects the confidence of regulators and stakeholders in our vision to redefine financial services in Nigeria and beyond. Our enhanced capital base empowers us to pursue transformative opportunities, deliver sustainable value to all stakeholders and drive impact across critical sectors of the Nigerian economy,” he stated. Odubiyi emphasised the company’s evolution from its origins as a merchant bank to its current status as a diversified financial holdings company. Powered by cutting-edge technology and a flexible operational model, the company has consistently demonstrated its ability to navigate market difficulties and seize growth opportunities. Reflecting on Sterling’s accomplishments, Odubiyi acknowledged the instrumental role of stakeholders, including regulators, investors, and customers. “We are grateful for the unwavering support and trust in our strategy, which has been pivotal to our journey. This recapitalisation strengthens our ability to unlock new opportunities, create value, and drive economic growth,” he added. The capital boost follows a year marked by robust financial performance and significant strategic achievements for Sterling. As at the last week in December 2024, Sterling witnessed a 19 percent surge in stock price, contributing to a remarkable three-year growth of 287.42 percent. In the first half of 2024, the company recorded a 51 percent increase in profit before tax compared to the same period in 2023 and achieved a 20 percent growth in total assets. These results demonstrate Sterling’s resilience and ability to deliver superior outcomes despite the complexities of Nigeria’s economic landscape, marked by high inflation and currency volatility. “As Sterling looks ahead, its focus remains firmly on innovation, sustainability, and value creation. With a fortified capital structure, the company is well-positioned to execute its ambitious growth plans, deepen its impact across critical sectors, and set new benchmarks for excellence in Nigeria’s financial services industry. This latest milestone marks a transformative chapter for Sterling Financial Holdings Company Plc as it continues to redefine the future of financial services in Nigeria and beyond,” it added.
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Clemson added a quarterback to its 2025 recruiting class on Tuesday with Chris Denson announcing his decision to flip from Coastal Carolina. The 6-foot-2, 175-pounder from Plant City High School in Florida had been committed to the Chanticleers since April and has yet to visit Clemson's campus. Tigers coach Dabo Swinney has been putting a push on to flip Denson in recent weeks following the decommitment of Blake Hebert last month. "I just feel like my development will be through the roof," Denson told On3.com about his decision to switch. "Playing under one of the best coaches in the country and knowing that I haven't reached my potential yet, I know that they will take me to that level." A three-star recruit, Denson is ranked as the No. 50 quarterback in the nation by the 247 Composite. He is the 14th player to commit to the Tigers, who have also seen six players decommit this cycle, according to The Greenville News. "What makes Clemson special is just the level of ball that they are playing at," Denson said. "And the way they compete. I'm a huge competitor, so that's the type of place and people I want to surround myself around." --Field Level Media23 local races in 2024 show how every vote counts: Ohio Secretary of State Frank LaRose
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