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USAID ADMINISTRATOR GREEN ANNOUNCES PMI LAUNCH AND EXPANSION IN WEST AND CENTRAL AFRICA
September 22, 2017 | 0 Comments
Administrator Mark Green visits a Feed the Future-supported abattoir in Ethiopia/Somali region.Photo credit USAID

Administrator Mark Green visits a Feed the Future-supported abattoir in Ethiopia/Somali region.Photo credit USAID

The U.S. President’s Malaria Initiative is Expanding. New countries: Cameroon, Cote d’Ivoire, Niger, and Sierra Leone, and expanding existing program in Burkina Faso.

Today, United States Agency for International Development (USAID) Administrator Mark Green announced that the U.S. President’s Malaria Initiative (PMI), led by USAID and implemented together with the U.S. Centers for Disease Control and Prevention (CDC), will launch new country programs in Cameroon, Cote d’Ivoire, Niger, and Sierra Leone, and expand its existing program in Burkina Faso.
With the addition of five new focus countries in West and Central Africa, PMI will have programs in 24 countries in sub-Saharan Africa, where malaria remains a significant public health problem.  This is in addition to PMI’s two bilateral programs and targeted support in the Greater Mekong Subregion in Asia, aimed at combating antimalarial drug resistance.PMI’s country expansion will benefit almost 90 million additional people at risk of malaria. The U.S. Government will now contribute to ensuring the availability of effective malaria prevention and control interventions to approximately 332 million people at risk across the west-to-central African corridor from Senegal to Cameroon.  While launching and expanding PMI, the U.S. Government remains committed to partnering with existing PMI focus countries to accelerate progress in malaria control and continue the momentum towards elimination.
Together with partner countries, under national malaria control program leadership, and in collaboration with malaria stakeholders, PMI scales up a comprehensive, integrated package of life-saving interventions in communities.  This includes both prevention (insecticide-treated mosquito nets, intermittent preventive treatment of pregnant women, seasonal malaria chemoprevention, and indoor residual spraying) and treatment interventions (malaria diagnosis and treatment with artemisinin-based combination therapies).  PMI support builds overall country capacity and strengthens health systems while improving malaria prevention and treatment services.  PMI support includes strengthening supply chain logistics, malaria case surveillance, and monitoring and evaluation of impact.
More than 480 million people at risk of malaria have benefitted from PMI programs.  In Fiscal Year 2016, PMI protected over 16 million people by spraying homes, distributed more than 42 million long-lasting insecticide-treated bed nets, and provided 57 million treatments of life-saving drugs and 63 million rapid diagnostic tests.
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SYMBION AND HIGHLAND GROUP HOLDINGS LTD. SIGN $100M EQUITY INVESTMENT AGREEMENT FOR RWANDA METHANE GAS PROJECTS
September 21, 2017 | 0 Comments
Following the signing between Symbion Energy and Highland Group Holdings Ltd. (HGHL) of an agreement that sees HGHL co-invest $100 million towards the implementation of a $370 million, 106 megawatts of methane gas generated power on Rwanda’s Lake Kivu. L- R: USAID’s Acting Assistant Administrator for Africa Cheryl L. Anderson; Lord Irvine Laidlaw, Chairman at HGHL; Chief Executive Officer, Hon. Clare Akamanzi, Rwanda Development Board and a Member of President Kagame’s cabinet; Alexis Kabuto, CEO, Symbion Lake Kivu; Paul Hinks, CEO, Symbion; Albert Jochems, Laidlaw Capital Management.

Following the signing between Symbion Energy and Highland Group Holdings Ltd. (HGHL) of an agreement that sees HGHL co-invest $100 million towards the implementation of a $370 million, 106 megawatts of methane gas generated power on Rwanda’s Lake Kivu. L- R: USAID’s Acting Assistant Administrator for Africa Cheryl L. Anderson; Lord Irvine Laidlaw, Chairman at HGHL; Chief Executive Officer, Hon. Clare Akamanzi, Rwanda Development Board and a Member of President Kagame’s cabinet; Alexis Kabuto, CEO, Symbion Lake Kivu; Paul Hinks, CEO, Symbion; Albert Jochems, Laidlaw Capital Management.

NEW YORK, USA – SEPTEMBER 21, 2017 –  Symbion Energy and Highland Group Holdings Ltd. (HGHL) today signed an agreement that sees HGHL co-invest $100 million towards the implementation of a $370 million, 106 megawatts of methane gas generated power on Rwanda’s Lake Kivu, it was announced today by Paul Hinks, CEO, Symbion.

Lake Kivu contains an estimated 55 billion cubic meters of naturally occurring methane gas.  The total power generation potential of the resource has been conservatively estimated at more than 500 MW over a 40-year period. Only 25 Megawatts is produced today.

Speaking at the signing ceremony in New York City Hinks said, “We are very excited about our new partnership with HGHL, they are injecting $100 million of cash equity into the Rwanda projects of Symbion Energy.  The work will begin in earnest in November 2017 and this funding means we can fast track at least 22MW of power within 18 months.  Roughly 8 to 10 MW of that can be available by mid 2018 from the existing plant we acquired in 2016 which is known as KP1. It will be rehabilitated and expanded.”

Lord Irvine Laidlaw, Chairman at HGHL and Alexis Kabuto, CEO, Symbion Lake Kivu shake hands following the signing between Symbion Energy and Highland Group Holdings Ltd. (HGHL) of an agreement that sees HGHL co-invest $100 million towards the implementation of a $370 million, 106 megawatts of methane gas generated power on Rwanda’s Lake Kivu.

Lord Irvine Laidlaw, Chairman at HGHL and Alexis Kabuto, CEO, Symbion Lake Kivu shake hands following the signing between Symbion Energy and Highland Group Holdings Ltd. (HGHL) of an agreement that sees HGHL co-invest $100 million towards the implementation of a $370 million, 106 megawatts of methane gas generated power on Rwanda’s Lake Kivu.

Hinks continued, “Rwanda is one of the very few countries in Africa that properly plans ahead of time and they understand that substantial power capacity is necessary to attract investors to create economic growth and deliver electricity to its population. The demand for power in Rwanda is suppressed by the lack of surplus capacity and these two projects will facilitate continued growth. As far as Sub-Saharan Africa is concerned, Rwanda ranks highest in the World Bank Ease of Doing Business Index and our experience there is a complete endorsement of that.  HGHL’s confidence in the country and in Symbion is evidenced by their willingness to make Rwanda their first large-scale investment in Africa.”

Lord Irvine Laidlaw, Chairman at HGHL, said “This is perhaps the most interesting and exciting project that I have undertaken, inclusive of our recent offshore wind farms in the North Sea, in Germany.” He continued, “We will be producing electricity by utilizing a unique renewable resource, methane from the bottom of Lake Kivu.  Delivering this will be a challenge I look forward to.”  “Even more important, we are generating power for one of the fastest growing countries in Africa, so we’ll be making a major contribution to its continued growth.  As with all my colleagues I am proud to be assisting Rwanda,” said Laidlaw.

The Chief Executive Officer of the Rwanda Development Board and a Member of President Kagame’s cabinet, Honorable Clare Akamanzi said, “This partnership is a really great example of a co-investment that will fuel our country’s sustainable development and our growth agenda. We are impressed and we are committed to support the investors and the project to attain Rwanda’s full potential in the energy sector.”

During the signing between Symbion Energy and Highland Group Holdings Ltd. (HGHL) of an agreement that sees HGHL co-invest $100 million towards the implementation of a $370 million, 106 megawatts of methane gas generated power on Rwanda’s Lake Kivu. L- R: USAID’s Acting Assistant Administrator for Africa Cheryl L. Anderson; Paul Hinks, CEO Symbion; Lord Irvine Laidlaw, Chairman at HGHL and Chief Executive Officer, Hon. Clare Akamanzi, Rwanda Development Board and a Member of President Kagame’s cabinet.

During the signing between Symbion Energy and Highland Group Holdings Ltd. (HGHL) of an agreement that sees HGHL co-invest $100 million towards the implementation of a $370 million, 106 megawatts of methane gas generated power on Rwanda’s Lake Kivu. L- R: USAID’s Acting Assistant Administrator for Africa Cheryl L. Anderson; Paul Hinks, CEO Symbion; Lord Irvine Laidlaw, Chairman at HGHL and Chief Executive Officer, Hon. Clare Akamanzi, Rwanda Development Board and a Member of President Kagame’s cabinet.

USAID’s Acting Assistant Administrator for Africa Cheryl L. Anderson joined Symbion at the signing, underscoring the continued partnership between Power Africa and Symbion and the importance of American companies in accelerating energy sector investment to bring power to millions of Rwandan households and businesses.

These two power projects will reduce the risk of gases that are trapped in the deep layers of the lake escaping and rising to the surface, endangering the surrounding communities.

Symbion is working closely with the government of Rwanda and its regulatory agencies to ensure that its Lake Kivu projects deliver affordable energy in an efficient and environmentally responsible manner.

Symbion Energy is a developer and investor in Independent Power Projects on the African continent.

Highland Group Holdings Ltd. is one of the investment vehicles owned by Lord Laidlaw of Rothiemay. Highland’s total assets are predominantly invested in liquid instruments and renewable energy projects. Highland has successfully invested in and developed the Deutsche Bucht (252MW) and Veja Mate (400MW) offshore wind energy projects in Germany.

 

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CryptoMetalExchange© will usurp the dominant fraudulent paper schemes that are currently perpetrated on COMEX and LBMA
September 21, 2017 | 0 Comments
MetalZoom.Energy aims to disrupt this system by using open source Lynux Hyperledger Fabric blockchain to enable open bid auctions of Cryptocurrency for metal delivery
Marc Ward, Founder of MetalZoom.Energy

Marc Ward, Founder of MetalZoom.Energy

DENVER, United States of America, September 21, 2017/ — MetalZoom.Energy (the “Company”) (www.MetalZoom.energy) advises that it has embarked upon the creation of the world’s first Crypto Metal Exchange. The founder of MetalZoom.Energy Marc Ward tells us “Our Crypto-Metal Exchange will provide a platform for miners to auction physical metal to the global consumer without any interference. The blockchain technology ensures zero corruption and results in untampered supply and demand forces to play out transparently.”

Ward, a Data Scientist who scored a perfect 800 on the quantitative GRE wrote an algorithm that correctly predicted the next move of the Nasdaq 100 futures market 88% of the time, over 4,000 times each trading day.
Ward believes that our markets are rigged by algorithmic dictates causing the price of precious metals to be controlled. “I see it as a closed-loop algorithm that announces the prices continuously throughout the day across all futures markets and humans in brokerage firms reacting to the change in prices”. As it is a closed-loop no one can overwhelm this pricing mechanism.

MetalZoom.Energy aims to disrupt this system by using open source Linux Hyperledger Fabric blockchain to enable open bid auctions of Cryptocurrency for metal delivery. Ward explains that “the futures exchange settles in debt currency instead of metal delivery. We plan to disrupt this by having metal ready for delivery and enabling consumers and investors to bid for that metal delivery with Cryptocurrencies across a transparent yet private blockchain framework”.

There are other facets to MetalZoom.Energy including Crypto Metal Mining which will enable miners to initiate a mine to produce metal. Those who acquire these Metal Delivery contracts will fund the miners directly via smart contracts with Cryptocurrency payouts and expect delivery of the metal extracted by the miners via the MetalZoom delivery services.

MetalZoom.Energy is quickly gaining the support of industry leaders with endorsements from the likes of Bill Murphy, Chairman of GATA (Gold Ant-trust Action Committee), Craig Hemke (aka Turd Ferguson of TF Metals Report), Elijah Johnson of www.FinanceandLiberty.com, Cardwell Lynch of the C-Sigma Show, V of Rogue Money Radio, GManIV and SilverDoctors.

Ward is embarking on a tour to Africa where he aims to promote MetalZoom.Energy to the local crypto community and convince miners to offer their metal for auction on the Crypto Metal Exchange. Ward arrives in Johannesburg on 18 October 2017. He will be the keynote speaker at a business breakfast on Thursday 19 October 2017 being held at the Wanderers Golf Club in Sandton, hosted by Mail & Guardian, before moving onto Cape Town where he will be attending several events.

MetalZoom.Energy is the world’s first private energy firm and the first Cryptocurrency with an honor code. MetalZoom.Energy has created the private-partnership Crypto-Metal Exchange. A private platform where producers and end users can engage in trades based upon unfettered real value.
Web: www.MetalZoom.energy

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SOUTH AFRICAN AIRWAYS VACATIONS® INTRODUCES ITS 2018 COLLECTION BROCHURE
September 21, 2017 | 0 Comments

Fort Lauderdale, FL (September 20, 2017) – South African Airways Vacations® (SAA Vacations®) launches its 2018 Collection brochure, featuring an expanded portfolio of affordable air-inclusive vacation packages to a variety of destinations throughout Southern and East Africa. The new 2018 brochure features a curated collection of the most popular value-packed vacation packages along with product information on South African Airways (SAA) and South African Airways Vacations®. Once again, SAA Vacations® is offering a digital version of the Collection brochure to make it easier and more efficient for both travel agents and consumers to explore options and book an African vacation of a lifetime.

For 2018, SAA Vacations® has introduced an array of 15 new hotels and safari lodges, nearly doubling their product offering to some of the most popular destinations throughout Africa. From trendy four and five star hotels in cosmopolitan cities like Johannesburg and Cape Town to luxury safari lodges, where guests can experience the “Big Five” wildlife, the enhancement of the SAA Vacations® portfolio greatly increases travelers’ options of affordable air-inclusive luxury packages to Africa.

“SAA Vacations® offers exciting and varied itineraries to both Southern Africa and East Africa that are fully customizable to cater to both luxury and budget travelers,” said Terry von Guilleaume, president of South African Airways Vacations®. “We are excited to partner with some of Africa’s best hotels and lodges to bring spectacular packages for 2018. And with air-inclusive packages starting at just $1899, travel to Africa is more affordable than ever.”

Highlights of the SAA Vacations® 2018 Collection include exceptional value on some of their most popular air-inclusive packages:

“Captivating Cape Town” This 5-night package is designed for those travelers who want to explore the beautiful city of Cape Town. Starting at $1,899* (restrictions apply) per person and includes five-nights in Cape Town with deluxe accommodations, full day Cape Peninsula tour, half day Cape Wine lands tour with wine tasting , Hop-on-Hop off bus pass and ground transfers.

“Wine and Safari” This vacation package begins with a three-night stay in Cape Town, a full-day tour of the Cape Peninsula and the Cape of Good Hope. Then off to South Africa’s wine region with a two-night stay in the historical town of Stellenbosch and a private Winelands tour. The experience continues with a safari and accommodations at Kapama River Lodge for a three-night stay near the world-famous Kruger National Park to enjoy morning and afternoon game drives to view Africa’s Big Five. The 8-night package starts at $4,399** (restrictions apply) per person.

“Introducing Ghana” Explore Accra with this 5-night package, starting at $2,999* (restrictions apply) per person and includes deluxe accommodations in Accra, Kumasi, and Cape Coast, full day tours, private vehicle transportation and ground transfers.

The South African Airways Vacations® 2018 Collection brochure is available online, click here or below. Travelers are encouraged to contact SAA Vacations’® Africa specialists at 1-855-FLY-SAAV or their professional travel consultant. For more information about our 2018 Collection visit: www.flysaavacations.com.

All advertised air-inclusive packages are commissionable and can be customized for both groups and individuals. Tailor made itineraries are our specialty and our team of Africa Specialists are standing by to assist you in creating a vacation of a lifetime.

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Aliko Dangote at UN General Assembly in New York: “Africa will become the food basket of the world” ; “Five of the twelve million jobs needed in Africa soon must be created in Nigeria”; “We should pray that oil prices remain low”
September 21, 2017 | 0 Comments
Founder and Chief Executive of Dangote Group Aliko Dangote

Founder and Chief Executive of Dangote Group Aliko Dangote

NEW YORK, United States of America, September 20, 2017/ — Nigerian business leader Aliko Dangote told investors “Agriculture, agriculture, agriculture. Africa will become the food basket of the world.”

In a packed room at the headquarters of global law firm Shearman and Sterling LLC  high level business leaders and international diplomats invited by the Corporate Council for Africa to hear Africa’s richest man, Aliko Dangote, and Rwandan president Paul Kagame openly converse on Africa’s opportunities and challenges.

Both leaders underscored the ongoing movement to diversify African economies. In the case of  Nigeria, Africa’s largest economy, Dangote stated “we should pray that oil prices remain low. This helps wean us off the dependency on revenues from petroleum. We must take oil to be the icing on the cake. We already have the cake,” he added.

In addition to agriculture Dangote cited Nigeria’s vast mineral resources and gas as well and the need to manufacture more goods locally for domestic consumption. Both he and President Kagame cited continued need for heavy investments in education and connected the need for young people to be well trained for the jobs of tomorrow.

Dangote predicted that “five of the twelve million jobs needed in Africa soon must be created in Nigeria.”

Dangote’s fortune which stems from cement, sugar, and other household commodities has expanded into fertilizer and other processed high-value goods. “Technology of course helps us a lot and our factories are state of the art with the use of robotics but we shouldn’t be overly tech oriented to create wealth,” he told investors.

Mr. Dangote who is often cited as one of the most inspiring business leaders in the world today and a model for young entrepreneurs offered advice to Americans who tend to rely on outdated news and wrong perceptions of Africa, “Don’t be lazy. Go there and find the real story for yourself. Things have changed.”

 

Dangote noted the Rwanda success story where he has business interests as an example of positive change, good governance and leadership, and where corruption has been cured. He cited a personal experience of offering a $100 US tip for services at the Kigali Airport to staff who refused to take money for work they were paid to do. President Kagame was praised for delivering the environment for growth he promised. “There is nothing African about corruption,” the Rwandan president added.

The session was moderated by Rosa Whitaker, former US Trade Representative and author of the AGOA (African Growth Opportunity Act), whose business consultancy is credited for helping both African governments and US companies develop commerce.

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The Jim Ovia Foundation Pledges $2 Million to the Africa-America Institute to Support Higher Education
September 21, 2017 | 0 Comments
Jim Ovia

Jim Ovia

New York- 21 September, 2017- Mr. Jim Ovia, Founding Chairman of Zenith Bank, announced the establishment of a new scholarship program, The Jim Ovia Foundation Leaders Scholarship Fund, in partnership with the Africa-America Institute (AAI). The two million dollar pledge will finance four-year degree programs for high-achieving African students to attend world-class institutions around the globe. The announcement came during the 33rd Annual AAI Awards Gala.

“The Jim Ovia Foundation Leaders Fund is designed to be a definitive platform that will have an exponential impact in creating a better, brighter future for young Africans. With AAI’s 65-year tenure administering scholarship and deploying development capital for transformative results, we are honored to work together with the Mr. Ovia and his team,” Mr. Kofi Appenteng, CEO and President of the AAI stated.
“I have always been deeply committed to transforming Higher Education in Africa. We need to collectively empower young people and create a network of future leaders and game changers that can propel our continent forward. This fund, and this partnership with AAI are part of my continued dedication,” Mr. Ovia said following the announcement of the new scholarship.
The scholarship program follows a long-standing commitment from the Jim Ovia Foundation in investing in the youth and excellence in education. In partnership with the Africa America Institute, scholarships under the Fund will become available at the beginning of 2018. This marks a seminal moment for AAI with its rich tradition of building leaders in various sectors across the continent, and for Zenith Bank as it continues its global expansion.
Jim Ovia Leaders Scholarship Fund will expand access to education by providing scholarships to young and talented Africans who are under-resourced, from marginalized communities and those who would be the first in their family to attend university. The Fund is an important initiative that will leave a lasting impact on the next generation of Africans.
 Headquartered in Lagos, Nigeria, Zenith Bank Plc has over 500 branches and business offices in prime commercial centers in all states of the federation and the Federal Capital Territory (FCT). In March 2007, Zenith Bank was licensed by the Financial Services Authority (FSA) of the United Kingdom to establish Zenith Bank (UK) Ltd. as the UK subsidiary of Zenith Bank Plc.
Founded in 1953, The Africa-America Institute (AAI) is a premier U.S.-based international organization dedicated to strengthening human capacity of Africans and promoting the continent’s development through higher education and skills training, convening activities, program implementation and management. Our primary model is that we identify capacity-building projects and coordinate the programmatic, financial administration and evaluation necessary to deliver high-impact results
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African Women in Agriculture The Marrakech Declaration
September 21, 2017 | 0 Comments
The city of Marrakech hosted on 11 – 12 and 13 September 2017 an important international Congress on the subject “African Women in Agriculture” (AWA).
This unprecedented meeting is organized by the American Association Believe in Africa in collaboration with the PRESMA Agency.
Some 200 participants from 17 African countries and the USA took part in the meeting for three days. Mrs Angelle KWEMO President and Founder of this important initiative, at the opening stated that “in terms of agricultural production in Africa, women do not hold the key but they are the solution to the continent’s food challenge. It is through women that the continent will achieve not only its food self-sufficiency but above all its “food sovereignty”.
Mrs Mbarka Bouaida, Secretary of State in the Ministry of Agriculture in charge of Maritime Fisheries, highlighted the role of women in agriculture in Africa and explained the situation in Morocco.
Mr. Abdelfateh Bjioui, Wali of the Marrakech-Safi region, who gave the participants a warm welcome, congratulated the participants on the choice of Morocco and recalled the ambitious policy of His Majesty King Mohammed VI that God help him develop partnership between countries of the African continent.
Mr. Aziz Mekouar, former Ambassador of Morocco to the USA, explained the importance of the effective involvement of women in the light of the climate change of the planet.
The opening ceremony ended by the keynote address delivered by His Excellency Mr. John Dramani Mahama, former President of Ghana and a great friend of Morocco who recognized that “in Africa, no other sector of the economy has such a large participation of women than of agriculture. “
Work continued over two days and resulted in important resolutions. “All are committed to see the role of African women in agriculture recognized, with the establishment of the” African Prize for the Media in Agriculture and Sustainable Development “to encourage the media to improve the image of African women in agriculture, “says Fawzia TALOUT MEKNASSI, one of the partners of the event.
The words of the end of this agricultural congress was delivered to Mrs. Angelle KWEMO, who said that “it is time for Africa to produce the leadership that will enable the continent not only to achieve food security,  but also enhancing women actions, as pillar of this food security’.
The event was supported by OCP SA. Thus, during the plenary session titled “women central point of the green revolution”, Mrs. Imane Belghiti explained the concrete actions carried out by the OCP in Morocco as in the rest of the African continent.
The Social Development Agency represented by its dynamic Director GeneralM. Yassine HAMZA, shared with the other international agencies its expertise in supporting women’s agricultural cooperatives.
The event was also supported by international bodies such as UNO Women and the US Africa Development Foundation which not only supported rural women’s agricultural associations but also facilitated the participation of many women from the continent including leaders such as Korka Diaw, Korka Rice of Senegal and Mrs. Sirebara Foumata Diallo, President of the Union of Women Cooperatives in Agriculture of Mali. Appointment is therefore given in May 2018, for the second edition of “African Women in Agriculture”. Read the AWA Marrakech Full Declaration
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Ambitious Road map in the works after Marrakech African Women in Agriculture (AWA)” Conference
September 19, 2017 | 0 Comments

African Women in Agriculture

“AWA”

Marrakech September 13, 2017

Radisson Blu Hotel

The Marrakech Declaration

 

Angelle Kwemo of Believe in Africa with the Wali of Marrakech during the Conference

Angelle Kwemo of Believe in Africa with the Wali of Marrakech during the Conference

We, the women attending the ”Believe in Africa – African Women in Agriculture (AWA)” Conference held in Marrakech on 11-13th September 2017 at the Radisson Blu Hotel.

We express our deep gratitude to His Royal Majesty, King Mohammed VI for his strong leadership in advancing the African continent’s economic development and his special attention to women.

We hereby make this declaration:

We thank Madam Mbarka Bouaida, Secrétaire d’Etat au près du Ministre de l’Agriculture Chargé de la Pêche Maritime for her leadership and commitment to women empowerment;

We thank H.E. John Dramani Mahama, Former President of The Republic of Ghana for his encouragement and unwavering support to women empowerment and specifically in the agricultural sector;

We express to the Ministry of Solidarity, Women, Family and Social Development our willingness to strengthen our collaboration;

We thank M. Abdelfateh Bjioui, WALI of Marrakech region – Safi for his hospitality and support;

We thank the leadership of Office Chérifien des phosphates Group (OCP Group) For their support to women empowerment in the agricultural sector;

We thank the Moroccan Agency for Social Development for their support to women specifically for revenues generating activities

We thank UN Women and US Africa Development Foundation for their support women particularly in Burkina Faso, Senegal and Mali;

After two days of deliberations resolved as follows:

 

  • To establish an “Believe in Africa” Chapter in Africa;
  • To create “African Women in Agriculture” initiatives (AWA).
  • To institutionalize the annual “Believe in Africa African Women in Agriculture congress;
  • Urge all stakeholders to:
    • Create The “African Award for Media in Agriculture and Sustainable Development” to encourage media to promote African women in Agriculture image;
    • Establish an “African Traditional Rulers Award” to encourage African traditional rulers to supporting women access to land;
    • Establish an ”International Day of African

Women in Agriculture” with the aim of:

  • Highlighting and increasing visibility of women’s role in agriculture and sustainable development
  • Rebranding the image of women in agriculture;
    • Launch the “One Roof = One Garden” initiative to promote food self sufficiency, to enhance youth and women job creation in urban areas and promote urban agriculture;
    • Find creative ways to raise and mobilize funding to support African women in agriculture’ access to credit, finance services and business development services.
    • Enhance competitiveness for African women in agriculture by guiding on ways to promote value added products, facilitating market access through proper labeling, safety, marketing and branding;
    • Provide guidance to women on ways to improve safety and quality assurance measures with a view to gaining access to global markets;
    • Advocate and search for an organization that will lead and support an African Certification and labeling structure, internationally recognized.
    • Invest in capacity building programs for women along the entire agricultural value chain;
    • Advise women on ways to have access to land ownership.
    • Increase the use of mechanization and appropriate biotechnology for women in agriculture;
    • Support women to access up to date information on agribusiness, technology and international best practices;
    • Extend all agricultural incentives to women in Art and Handicraft.

 

Signed by Angelle Kwemo, Founder and President Believe in Africa

Approved by women attending African Women in Agriculture conference representing different nationalities (Cameroon, Morocco, Nigeria, Benin, Togo, Burkina Faso, Democratic Republic of Congo, Cote d’Ivoire, Ghana, Congo, Kenya, Chad, Guinea Bisau, Senegal, Mali, Cape Verde)

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Official launch of NEPAD’s 5% Agenda initiative for infrastructure financing in Africa
September 19, 2017 | 0 Comments
Bridging Africa’s $68bn infrastructure finance gap
 Ibrahim Assane Mayaki, NEPAD Chief Executive Officer

Ibrahim Assane Mayaki, NEPAD Chief Executive Officer

NEW YORK, United States of America, September 18, 2017/ — The New Partnership for Africa’s Development (NEPAD) (www.NEPAD.org) – African Union’s economic development programme gathered international investors and CEO-level business leaders at the NASDAQ Stock Market today, 18th September, for the launch of its 5% Agenda campaign.

The launch took place five years after a January 2012 African Union Summit adopted the Programme for Infrastructure Development in Africa (PIDA) which sets out 51 cross-border infrastructure programmes and more than 400 actionable projects in four sectors.

According to the World Bank, the continent needs to spend $93 billion annually (44% for energy; 23% for water and sanitation; 20% for transport; 10% for ICTs; and 3% for irrigation) until 2020 to bridge its infrastructure gap, which is currently removing an estimated 2% of GDP growth every year. On the other hand, Africa only managed to close 158 project finance deals with debt totalling $59 billion over the decade 2004-2013, which represents only 5 percent of infrastructure investment needs and 12 percent of the actual financial flows.[1]

The 5% Agenda campaign highlights that only a collaborative public-private approach can efficiently tackle these issues and calls for allocations of institutional investors to African infrastructure to be increased to the declared 5% mark.

Speaking at the launch event in New York, Ibrahim Assane Mayaki, NEPAD Chief Executive Officer, commented: “Infrastructure plays a leading role in supporting growth on the continent. At the same time, it can represent an innovative and attractive asset class for institutional investors with long-term liabilities. By launching the 5% campaign in New York today, we invite investors to take advantage of the wide-ranging opportunities Africa has to offer and to move forward with what can only be a win-win partnership”.

The launch of the campaign gathered high-level international investors and business leaders, including members of the PIDA Continental Business Network (CBN) which is spearheaded by NEPAD and constitutes a CEO-level private sector infrastructure leaders dialogue platform on PIDA.

Tony O. Elumelu, one of Africa’s most prominent entrepreneurs and active participant in the CBN said: “Africa is getting stronger every day with new business opportunities and innovative ideas but what is still crucially missing is project implementation. A coherent and coordinated approach is needed to mobilize institutional investors while limiting their risk exposure. African governments need to work on creating conducive environments to attract these investments which are so vital for the continent’s growth and development.”

According to a 2016 McKinsey report, institutional investors and banks have $120 trillion in assets that could partially support infrastructure projects.[2]

Now more than ever, Africa needs to tap into this available. As banks face additional regulatory challenges and as governments have limited fiscal space, it is becoming increasingly urgent to unlock additional flows from long-term institutional investors such as insurers, pension funds, and sovereign wealth funds.

For pension and sovereign wealth funds to be able to invest in large-scale infrastructure projects in Africa, a variety of issues need to be addressed to strategically and intentionally facilitate long-term allocations. Chief amongst these matters is the need to reform national and regional regulatory frameworks that guide institutional investment in Africa. Likewise, new capital market products need to be developed that can effectively de-risk credit and hence, allow these African asset owners to allocate finance to African infrastructure as an investable asset class to their portfolio.

All these issues are at the heart of the 5% Agenda roadmap, which is the backbone of NEPAD’s campaign and is foreseen to have the following impact:

  1. Unlocking notable and measurable pools of needed capital to implement regional and domestic infrastructure projects on the continent.
  2. Broadening and deepening the currently very shallow African capital markets, whilst at the same time contributing significantly to regional integration and job creation.
  3. Promoting the development of innovative capital market products that are specific to the continent’s challenges and potential in regards to infrastructure development.
  4. Raising the investment interest of other institutional and non-institutional financiers that so far have been hesitant to include African infrastructure projects as an asset to their investment portfolio based on specific, concrete next steps and project suggestions.
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Africa’s economic giants face increasing competition from upcoming Kenya and Ethiopia
September 14, 2017 | 0 Comments
New Africa Risk-Reward Index provides investors with a synthesis of risks and opportunities across the African continent
Paul Gabriel, Senior Analyst for Africa at Control Risks and lead-author of the report

Paul Gabriel, Senior Analyst for Africa at Control Risks and lead-author of the report

JOHANNESBURG, South Africa, September 14, 2017/ — Africa’s economic giants, Nigeria, South Africa and Egypt, have been stumbling recently. Rising security risks and political instability in Egypt, economic downturn and militancy in Nigeria and escalating political risks in South Africa led to doubts whether the balance between risks and opportunities in these markets is still favourable for businesses. Despite recent recovery in Nigeria and South Africa, Kenya and Ethiopia might soon outshine these heavy-hitters in the competition for investment, according to the newly released Africa Risk-Reward Index developed by Control Risks (www.ControlRisks.com) and Oxford Economics.
Key findings of the report:

  • Nigeria and its energy sector are too big to lose their appeal – the country’s reward score is 6.0 (out of 10), ahead of South Africa and Egypt. Nigeria’s charms, however, fade against a risk score of 7.3 (out of 10), as President Muhammadu Buhari’s government struggles through its first term. A fall in oil prices and lower production due to insurgent attacks in the Niger Delta have slashed growth from 6.3% in 2014 to 2.7% in 2015 followed by a sharp contraction of 1.6% last year. Economic indicators for this year are more favourable, but still the report forecasts a real GDP growth of only 1.1% in 2017.
  • South Africa’s risk score of 5.0 remains below the region’s average, but the reward score of 4.6 is also low. Whilst the country enjoys a deserved reputation as Africa’s pre-eminent constitutional democracy, several of its key institutions have gradually weakened over the past decade. Economic prospects are closely linked to the outcomes of the ANC’s national conference in December. The forecasted real GDP growth of 0.5% for 2017 is below population growth and certainly insufficient to reduce South Africa’s staggering 27.7% unemployment rate.
  • Egypt will test the most ardent optimist. President Abdul Fatah al-Sisi’s political position is stable, despite a series of economic and security challenges, reflected in the country’s risk score of 6.0. Socio-economic grievances, a government crackdown on opposition and Islamist groups and persistent militancy will continue to have an impact on the business environment. The tourism sector remains depressed. The country’s reward score of 5.5 reflects the measures the government has taken since mid-2016 to address its fiscal problems. Real GDP growth is expected to slow in 2017 (to 3.8%, from 4.3% in 2016) owing to a slowdown in government and private consumption.
  • Ethiopia outperforms every African peer with its high reward score of 8.0. Notably, it attracted $3.2bn of foreign direct investment in 2016 – more even than Nigeria, and double the figure for Morocco. The East African nation is one of Africa’s fastest growing economies and continues to offer strong prospects. Growth averaged 10% from 2010 to 2015 and although 2016 growth was slower at 6.5% the expansion remains impressive. However, the omnipresent role of government in the economy raises concerns relating to public sector efficiency and financial management. External debt is expected to increase to 38.7% of GDP by the end of this year, leading to a risk score of 5.8.
  • Kenya has achieved a period of strong GDP growth amid relative political stability: real GDP growth averaged at 6.0% in 2010-16. The 2017 growth forecast is at 5.4%. The country’s reward score is 6.7. A well-educated workforce and an innovative service sector, the government’s continued investments in upgrading critical national infrastructure, and deepening integration with its neighbours through the East African Community (EAC) all allow the country to act as a gateway into the larger East Africa region. Current fiscal concerns and a political system that remains closely tied to ethnic affiliation contribute to a risk score of 5.6 and reflects considerable room for improvements.

Paul Gabriel, Senior Analyst for Africa at Control Risks and lead-author of the report comments:
“Experienced investors – not only in Africa, but around the world – know that risk and reward are close companions. While no serious investor should overlook the economic giants of the continent, real competitive edge can only be achieved when investors manage to stay ahead of the pack in knowing what’s next. The Africa Risk-Reward Index helps investors to identify some of the more hidden investment opportunities in times where the heavy-hitters are struggling.”

Distributed by APO on behalf of Control Risks Group Holdings Ltd.

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Media contacts: Control Risks Friederike Lyon Marketing Director +49 30 533 288 55 +49 173 619 54 66 Friederike.Lyon@ControlRisks.com
Oxford Economics Gary Duncan Director of Communications +44 20 3910 8025 +44 77 88 155 715 Gary.Duncan@OxfordEconomics.com
About Control Risks: Control Risks (www.ControlRisks.com) is a global risk consultancy. We help some of the most influential organisations in the world to understand and manage the risks and opportunities of operating around the globe, particularly in complex and hostile markets. Our unique combination of services, our geographical reach and the trust our clients place in us ensure we can help them to effectively solve their problems and realise new opportunities in a dynamic and volatile world. Working across five continents and with 36 offices worldwide, we provide a broad range of services to help our clients to be successful.
About Oxford Economics: Oxford Economics is a world leader in global forecasting and quantitative data analysis, acting as a key adviser to corporate, financial and government decision-makers, and thought leaders. Our worldwide client base comprises of international organisations, including leading multinational companies and financial institutions; key government bodies and trade associations; and top universities, consultancies and think tanks. Oxford Economics has a global team of over 200 professional economists and econometricians situated in 20 offices around the world that help clients quantify global impacts and analyse shifts in the macroeconomic environment to assess the effect on their business and organizations.
Control Risks and Oxford Economics: Control Risks and Oxford Economics have joined forces to provide an innovative political and economic risk forecasting service that takes a holistic view of risk in a complex, rapidly changing, globalised world. Control Risks and Oxford Economics combine extensive geopolitical, operational and security expertise with rigorous economic forecasts and models on 200 countries and 100 industries. Together, we offer full-spectrum consulting that enables your organisation to navigate the world of political and economic risk. Covering all aspects of the investment journey, including security and integrity risk, our joint consultancy practice can overlay geopolitical and economic scenarios to bring new insights and direction.
Methodology The Africa Risk-Reward Index is defined by the combination of risk and reward scores, integrating economic and political risk analysis by Control Risks and NKC African Economics (an Oxford Economics company).
Risk Scores The risk scores replicate the scoring of each country within the joint product offering Economic and Political Risk Evaluator (EPRE) of Control Risks and Oxford Economics, the majority shareholder of NKC African Economics. Control Risks and Oxford Economics analysts rate a series of political and economic risk factors on a scale from 1 to 10, with 10 representing the highest level of risk. Each political and economic rating is assigned a default weight, based on its significance in the country context and its potential impact on business. The individual political and economic risk variables are then combined – multiplying rating by weighting – into the overall risk rating of a country.
Reward Scores The reward scores incorporate medium-term economic growth forecasts, economic size, economic structure and demographics. The economic growth outlook has the biggest weight in the reward score, as investment opportunities multiply where economic growth is strong. But the absolute size of the economy makes a difference, too, so the score incorporates a weight for economy size.The economic structure indicator derives from the ‘economic structure risk’ component of NKC’s sovereign risk rating model, which takes into account debt metrics, the current account, financial structure (including banking sector stability) and investment. Demographics are incorporated through the formulation of a demographic dividend, which incorporates population size, urbanisation and dependency ratios.

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Africa50 Gains Guinea and Democratic Republic of Congo as Shareholders; Highlights Strategy and Investment Pipeline
September 13, 2017 | 0 Comments
DAKAR, Senegal,12 September 2017, -/African Media Agency (AMA)/- Africa50, the pan-African infrastructure investment platform, held its third Shareholder Meeting in Dakar on Tuesday, September 12. President Macky Sall of Senegal welcomed the delegates. African Development Bank Group President and Chairman of the Board of Africa50, Akinwumi Adesina, gave a feature address, and Africa50 CEO Alan Ebobisse provided updates on the Fund’s investment pipeline and strategy. They were joined by finance ministers, senior officials, and ambassadors from the 23 shareholder countries and members of the business community.

In his remarks, President Sall expressed his strong support for Africa50’s mission to catalyse private sector investment, from within and outside Africa, in infrastructure in Africa, since public resources are not sufficient. Outlining Senegal’s success, he stressed that governments must improve the business climate and create an environment conducive to private investment in infrastructure, including the regulatory environment for public private partnerships. Stating that “Africa is open for business”, he stressed that the continent has defined its priorities through initiatives such as PISA, and can use Africa50 as an important new instrument. He said, “I encourage all African countries to join this fund, which is ours, to fill our infrastructure funding gap.”

Africa50 Chairman Adesina, reiterated the need for private investment to close the large infrastructure funding gap in Africa, citing growing investor interest. Looking ahead to 2025 and a projected annual funding gap of $30-40 billion, financing African infrastructure will require a balance between development finance, which can fund and de-risk early stage financing, and long-term institutional investment which can quickly narrow the funding gap. Africa50, he said, was designed by the AfDB to help blend public and private finance, and through its project development division, build up the pipeline of “bankable” projects and facilitate public private partnerships. He commended the Africa50 leadership for ramping up operations, hiring top-notch staff and consultants, and naming a respected Investment Committee. The AfDB, he assured the audience, will continue to work closely with Africa50, especially to increase access to power. Chairman Adesina also officially welcomed two new Africa50 shareholders, Guinea and the Democratic Republic of Congo. (Note: Since the last Shareholders Meeting in July 2016 Tunisia has also joined.)

Thanking Chairman Adesina and President Sall for their presence and support, Africa50 CEO Alain Ebobisse, stressed the importance of the private sector to fill the infrastructure financing gap. He cited three success factors for Africa50’s mission: the strong support of the AfDB and the shareholders, the competence and experience of Africa50’s staff, and the quality of projects, which focus on being commercially viable while having a strong development impact.

In a video presentation that opened the event, Mr. Ebobisse and senior Africa50 staff further outlined Africa50’s comparative advantage for financing infrastructure in Africa. Specifically:
*    Through its close relationship with shareholders and African governments Africa50 can mitigate country risk through high-level public-sector engagement and by leveraging AfDB’s support.
*    Through its project development activities and ongoing dialogues with shareholder governments Africa50 can generate a strong deal flow to attract infrastructure investors.
*    By upholding international best-practice Environmental, Social, and Governance standards, Africa50 can help assure the long-term viability of projects.
*    And, finally, by building an experienced leadership and investment team with a demonstrated track record of successful deal-making on the continent, Africa50 will inspire confidence and catalyse more private investments in infrastructure.

 
Africa50 is an infrastructure investment platform that contributes to the continent’s growth by developing and investing in bankable projects, catalyzing public sector capital, and mobilizing private sector funding, with differentiated financial returns and impact.
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IGD Fall Frontier 100 Forum to Convene African and Global Business Leaders, Investors to Drive Action on Increasing U.S. Investment in Africa
September 12, 2017 | 0 Comments
  • African Development Bank and African Export-Import Bank (Afeximbank) will serve as Collaborating Partners for the IGD Fall Forum

  • Forum to host the Africa investor (Ai) Development Finance-Institutional Investor Roundtable

  • Fireside Chat with a top U.S. government official and Congressional Roundtable on Capitol Hill to focus on shaping U.S.-Africa trade and economic policy 

IGD''s Mima Nedelcovych in audience with Burkina Faso's President  Roch M. C. KABORE

IGD”s Mima Nedelcovych in audience with Burkina Faso’s President Roch M. C. KABORE

WASHINGTON D.C. – September 12, 2017 – The Initiative for Global Development will hold its Fall Frontier 100 Forum on October 11-12, 2017, in Washington, DC, where African and global business leaders will convene to drive action on unlocking greater U.S. investment in Africa and African mid-sized companies for sustainable development and inclusive growth.

The invitation-only Fall Forum will be held on Capitol Hill and Covington law office in Washington, DC.

Under the theme “Growing the ‘Middle’: Investing in African Companies for the Continent’s Economic Transformation”, the Fall Frontier 100 Forum will bring together CEOs and senior executives from IGD’s Frontier Leader network to offer insight and scalable solutions on spurring investment opportunities to grow African companies and forge stronger business relationships between investors and African private sector leaders.

The tremendous growth of African mid-sized companies, maturation of African capital markets, bulging middle class, and steady economic growth are making the continent increasingly attractive for investment.

Yet, despite the growth opportunities, investment in the Sub-Saharan African region remains relatively low compared to other regions of the world. Private equity and principal investment capital under management in sub-Saharan Africa remain at only 0.1% of GDP, compared to approximately 1% of GDP in Western countries, cited a 2016 report by the Boston Consulting Group (BCG).

“African companies are the drivers of growth on the continent,” said Dr. Mima S. Nedelcovych, IGD President & CEO. “Given Africa’s rapidly evolving landscape, our Forum aims to focus on solutions and creative investment strategies to increase U.S. investment in Africa and dynamic African mid-sized companies that deliver high-returns and contribute to the continent’s economic transformation.”

The Fall Forum will host the Africa Investor (Ai) Development Finance-Institutional Investor Roundtable, which will feature a high-level dialogue led by key leaders from the Development Finance industry with counterparts from the institutional investment community. The discussion will center on new partnership strategies and vehicles available to de-risk and finance African infrastructure investment assets. African Ministers and DFI officials will offer responses to the roundtable discussion.

“African asset owners, principally pension and sovereign funds, allocate less than 1.5% of their assets under management (AUM) to infrastructure development on the continent, whilst Africa is struggling to mobilize private capital for its $50 billion plus, per annum infrastructure deficit,” commented Hubert Danso, CEO and Vice Chairman, Africa investor (Ai).  “This Ai dialogue session will build on Ai’s leadership role over the last five years, creating product and execution risk reward alignment, between institutional investors, DFI’s and Ministers of Finance, to pursue infrastructure co-investments and institutional investor public partnerships (IIPP’s),” he added.

On October 11, the Fall Forum will open with an interactive investor session led by a team from PYXERA Global that will take participants through a real-time simulation that moves from traditional investor/implementer relationships to mutually beneficial collaborations that align business goals with growth and opportunity in Africa.

A Fireside Chat with a top U.S. government official followed by a congressional roundtable on shaping U.S.-Africa trade and economic policy to improve Africa’s investment environment will be held on Capitol Hill. An evening reception, sponsored by the African Development Bank, will highlight a congressional delegation visit to West Africa.

A full-day of forum sessions on October 12, will feature keynote addresses and engaging panel sessions on “Attracting Private Equity Investments to Propel Inclusive Growth Opportunities for African Companies”“Strengthening the Value Chain: Financing Africa’s Agro-processing Industry”, and “Exploring Franchise Investment Opportunities: Win-Win for Building Africa’s Private Sector?”.

The Fall Forum will conclude with an evening reception to roll out a grassroots campaign on increasing U.S. investment in Africa. The grassroots campaign is part of IGD’s Africa Investment Rising campaign, a communications and advocacy effort aimed at changing the narrative on doing business in Africa by showcasing the continent’s business and investment potential and private sector leaders through multimedia storytelling, blogs and strategic traditional and social media outreach.

Forum sponsors, to date, include the African Development Bank and African Export-Import Bank as Collaborating Partners; Covington as Platinum Sponsor; Ex-Im Global Partners as Gold Sponsor; Clin d’Oeil Magazine as Silver Sponsor; and Africa investor as Organizational Partner.  

For more information on the Frontier 100 Forum and to register as “Media”, please click here. To become a media partner or to cover the forum, contact Shanta Bryant Gyan, Initiative for Global Development at email, sbryant@igdleaders.org  or call 202-412-4603

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