African Small-Scale Farmers Carve a Giant Message for World Leaders in the Very Soil They Farm
September 25, 2017 | 0 Comments
Rome / New York (PRWEB) September 22, 2017
African farmers from a remote village in northern Zambia have teamed up with the UN’s International Fund for Agricultural Development (IFAD) to send a giant message to world leaders gathering in New York this week – invest more in agriculture if you want to end poverty and hunger by 2030.
And to get their message the attention it deserves, the 16 farmers from Kasama, Zambia carved their case for investment into the very soil they farm, producing a giant “Field Report” with a pie chart, graphs and numbers that explain why long-term, transformative investments in smallholder agriculture are so important.
“The Field Report makes the case for investment in agricultural development in the very land that needs it the most,” said Gilbert F. Houngbo, President of IFAD. “We were inspired by the sheer power and potential agriculture holds to reduce poverty and hunger, contribute to vibrant, self-sustaining communities and dramatically increase the food needed to feeding a growing population.”
The message from the farmers of Kasama comes at a critical time. According to an IFAD-supported joint UN report launched last week, global hunger is on the rise again, affecting 815 million people in 2016, or 11 per cent of the world’s population.
At the same time, multiple forms of malnutrition are threatening the health of millions worldwide. Of the world’s hungriest people, 243 million reside in Africa. Throughout the region, food insecurity has been exacerbated by violent conflicts and climate-related shocks. In Kasama, farmers have had to deal with erratic rainfall and depleted soils as a consequence of a changing climate.
“When the drought hit, my crops did not have enough water. I had low yields and a shortage of food. I could not feed my children,” said Augustine Chilumba, 60, a bean and maize farmer who contributed to the project. “Farmers in Africa need more support. We need ploughs, fertilizers and good quality seeds.”
The “Field Report” is part of a wider global public awareness campaign launched by IFAD today aimed at raising awareness about the importance of long-term agricultural development to reduce poverty, build local economies, slow migration and feed the world’s growing population.
The contents of the “Field Report” are best seen in aerial footage produced by IFAD. In one shot, a large pie chart carved into the soil reveals that Africa has 25% of the world’s arable land but only produces 10% of its agricultural output. The continent spends US$35 billion on food imports a year, but if this money was invested in developing smallholder farming and rural infrastructure, Africa could feed itself.
Further along, a bar chart filled with local foliage illustrates the growth of urban populations. Year after year, people are leaving rural areas in Africa. Many are young people hoping for jobs in cities and abroad. By 2030, half of all Africans will live in cities. Investing in rural development can create opportunities for the 12 to 18 million young Africans who enter the job market every year.
A line graph at the base of the field shows the steady upward growth of the world’s population, expected to reach nearly 10 billion by 2050. With more than 2 billion more mouths to feed by mid-century, agricultural production will have to double.
Small-scale farmers are the world’s largest group of local food producers. Investments in sustainable and climate-friendly farming methods will support them as they play a fundamental role in feeding their communities.
Finally, the footage reveals a giant “11” that makes the point that in sub-Saharan Africa, growth from agriculture can be 11 times more effective at reducing extreme poverty than growth in any other sector. Greater investments in agriculture is critical to lifting millions of people out of poverty and feeding the 815 million people who are undernourished today.
IFAD invests in rural people, empowering them to reduce poverty, increase food security, improve nutrition and strengthen resilience. Since 1978, we have provided about US$18.5 billion in grants and low-interest loans to projects that have reached some 464 million people. IFAD is an international financial institution and a specialized United Nations agency based in Rome – the UN’s food and agriculture hub. For more information visit http://www.ifad.org
An emotional tribute in memory of former AfDB President Babacar Ndiaye
September 24, 2017 | 0 Comments
|Babacar Ndiaye, the Bank Group’s fifth elected President, who served two terms between 1985 and 1995, passed away on July 13, 2017 in Senegal|
ABIDJAN, Ivory Coast, September 23, 2017/ — “Goodbye, Papa, farewell to the ambassador for Africa’s development, rest in peace.” In an intensely emotional tribute, the President of the African Development Bank (AfDB) (www.AfDB.org), Adesina Akinwumi, opened a ceremony honouring Babacar Ndiaye at the organisation’s headquarters in Abidjan.
Adesina announced that the AfDB headquarters auditorium will from now on be named Babacar Ndiaye Auditorium.
Babacar Ndiaye, the Bank Group’s fifth elected President, who served two terms between 1985 and 1995, passed away on July 13, 2017 in Senegal.
With Ndiaye’s widow and several children in attendance, as well as former AfDB President Kantinka Dr Kwame D. Fordwor, members of the Senegalese and Ivorian Governments, representatives of the diplomatic corps, and active and retired AfDB staff members. Adesina fondly recalled Babacar Ndiaye’s complete and passionate commitment to the development of Africa.
“He was an AfDB icon, he was a father and mentor to every one of us, and emphatically launched the career of the Bank Group’s current President. He inspired us. In losing him, Africa has lost one of its best sons.”
President Adesina underlined the personal ties between him and his predecessor, recalling that he knew Ndiaye when he worked for the West Africa Rice Development Association (WADRA), which was then based in Bouaké, Côte d’Ivoire.
“Babacar Ndiaye was charismatic, and left an indelible mark on our continent. His legacy is vast, because he always saw the big picture. He was quite simply magnificent,” Adesina stated.
He added, “During the campaign for the AfDB presidency, I naturally went to see him in Dakar. He welcomed me warmly. I took the opportunity to tell him about my vision for the High 5s . He agreed right away, and told me, ‘That’s what Africa needs to transform itself.'”
Arriving at the institution in 1965 as part of the first group of African managers, Ndiaye climbed the organisational ladder to become Division Chief, Director, Vice-President for Finance, and then President in 1985. Babacar Ndiaye was the first AfDB President to be re-elected to a second term of office.
Under his leadership, the pan-African financial institution obtained its first Triple-A rating in 1984.
The former President was the force behind the increase in the Bank’s capital in 1987, which jumped from approximately US $6 billion to $23 billion, a 200% increase, after approving the process of opening the Bank’s capital to non-African countries. He was also responsible for bringing the Bank into the international financial market.
“Babacar Ndiaye accomplished tremendous things for the AfDB and for Africa. He always advocated for excellence. He made the AfDB a credible and respected institution internationally,” stated Donald Kaberuka, former AfDB President (2005-2015), in a message read on his behalf by Victor Oladokun, AfDB Director for Communication and External Relations.
Builder of institutions
Beyond his complete commitment to the Bank’s success and providing it with a solid foundation, Babacar Ndiaye helped establish major pan-African institutions, such as the African Import-Export Bank, Afreximbank; Shelter Afrique; and the African Business Roundtable. Representatives of these organizations were specially sent from Cairo, Lagos and Nairobi to attend the tribute ceremony on Thursday.
“Without Babacar Ndiaye, African industry leaders such as Aliko Dangote or Michael Ibru would undoubtedly not be where they are today. Babacar Ndiaye invested his faith and perseverance in Africa’s business community. We will be eternally grateful to him,” said Bamanga Tukur, President of the African Business Roundtable.
Christopher Edordu, founding President of Afreximbank, highlighted Ndiaye’s visionary approach, which allowed him to look beyond the era’s Afro-pessimism and embrace opportunities to finance African businesses.
“It took more than six years to establish Afreximbank. When others abandoned it, Babacar Ndiaye persevered and had patience. He firmly believed in the future of African trade at a time when that belief was not widely shared. Seeing what we have become today, we have to recognize the fact that he was a true visionary,” Edordu explained.
It was not the only time that the AfDB’s fifth elected President was proven right when confronted with naysayers. At a time when housing was not yet central to urban development in Africa, he encouraged the creation of Shelter Afrique, an organisation dedicated to financing affordable housing on the continent.
According to Edmond Adikpe, Shelter Afrique’s regional representative, “Babacar Ndiaye knew how to anticipate. He understood early on that Africa must address the problem of housing. At Shelter Afrique, we are eternally thankful to him for everything he did during our creation and evolution.”
The room was filled with emotion as one speaker followed another, with the audience warmly applauding their words of praise for Babacar Ndiaye, who remains the only President in AfDB history to have risen through the ranks of the organisation.
“He was installed as President in 1985 at the Abidjan Congress Centre in the presence of then Ivorian President Félix Houphouët-Boigny, who held the African Development Bank in high esteem,” recalled Paul Morisho Yuma, former AfDB Secretary General, drawing a standing ovation from the audience.
“Senegal is proud of you”
Although he devoted his life to Africa, Babacar Ndiaye never forgot Senegal, his country of origin. According to the Senegalese Budget Minister, Birima Mangara, AfDB Governor for Senegal, who flew in from Dakar to attend this ceremony, Ndiaye contributed significantly to the development of bilateral cooperation between his country and the Bank. “Between 1972 and now, the AfDB has invested close to 1,400 billion CFA francs in Senegal. We owe that to all of you here, but in particular to Babacar Ndiaye.
“Senegal is proud of you as a son. Babacar Ndiaye is not gone; he is still present in the depths of Africa. We hear his breath in an Africa on the move,” added the Senegalese Budget Minister, paraphrasing the poet Birago Diop.
In attendance, Ndiaye’s widow, Marlyne Ndiaye, nodded her head in agreement, with tears in her eyes. Arriving in Abidjan in 1965, Babacar Ndiaye developed a special relationship with Côte d’Ivoire, home of the Bank’s headquarters. No fewer than three Ivoirian Ministers were present in the AfDB auditorium this week.
“He was a friend of Côte d’Ivoire. We all miss Babacar Ndiaye. President Alassane Ouattara misses him, having known him well and greatly appreciated him. He was a roving ambassador for African development,” agreed François Albert Amichia, Minister of Sports and Leisure, who led the Ivorian Government delegation.
His memory lives on
Alassane Ndiaye, son of the deceased, spoke on behalf of his family. He first thanked the Bank for taking the initiative to hold the ceremony to honour and pay tribute to his father. “The entire family is proud of and thankful for this ceremony. What you have done today touches us deeply and we thank you from the bottom of our hearts,” said the Ndiaye family’s spokesman, in a voice filled with emotion.
He urged those present to pursue the trail blazed by his father.
“He wanted the best for Africa. He believed in and loved the idea of a better Africa. Let’s continue to work for a better future for our continent. That would be the best and most unique way to perpetuate his hopes and his memory,” continued Alassane Ndiaye.
“Replacing darkness with light, well-nourished and healthy children, free flow of goods, people and ideas throughout the continent, and restoring hope to the hopeless – these were the ideals to which President Babacar Ndiaye dedicated his life. The work to realize these dreams continues in the High 5s,” declared AfDB Senior Vice-President Charles Boamah at the ceremony’s conclusion.
Last July, a high-level delegation from the Bank, led by Charles Boamah, along with Vice-Presidents Alberic Kacou and Amadou Hott, Acting Vice-President, Finance, Hassatou N’Sele, and Director of Special Projects Sipho Moyo, attended Babacar Ndiaye’s funeral in Dakar.
During a recent visit to the Senegalese capital, President Adesina visited his predecessor’s home to express his sympathy and support his widow and children.
The African Development Bank Group (AfDB) (www.AfDB.org) is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 37 African countries with an external office in Japan, the AfDB contributes to the economic development and the social progress of its 54 regional member states.
*courtesy of AFDB
Senegalese President Sall Hails Africa50’s Cooperation with Senelec to Develop the Malicounda Power Plant
September 22, 2017 | 0 Comments
CASABLANCA, Morocco, September 21 , -/African Media Agency (AMA)/- At its second annual Shareholders Meeting in Dakar on September 12, Africa50, the infrastructure fund for Africa, signed a development agreement with Senelec, Senegal’s electricity provider, for competitive selection of a strategic sponsor to develop a 120 MW combined cycle thermal power plant at Malicounda. Together, the consortium will secure financing and supervise construction and operation of the plant.
The plant, situated in Mbour department 85 km from Dakar, will initially run on fuel oil, but can be converted to natural gas when this becomes available from recently discovered gas fields. Private sector participation follows the Build, Own, Operate and Transfer model (BOOT). The plant will produce at least 956 GWh a year. The Power Purchase Agreement has a duration of 20 years, with a competitive feed-in tariff rate arrived at through a public tender. The electricity generated will be fed into the network through an existing distribution substation.
The project fits in with Senegal’s strategy to increase energy production while, in the medium term, reducing the cost of electricity for consumers. Moreover, this thermal plant will help satisfy base loads, facilitating the integration of intermittent renewable power into the country’s network.
In his opening address to Africa50 shareholders earlier in the day, Senegalese President Macky Sall cited the project as a symbol of the understanding between Senegal and Africa50. Stating that “Africa is open for business,” he emphasized that “Africa is now a growth region where one can invest securely and with a good return.”
The agreement was signed by Africa50 CEO Alain Ebobissé and Senelec Chairman Mouhamadou Makhtar Cissé. Dr. Akinwumi Adesina, African Development Bank President and Africa50 Chairman, who opened the signing ceremony, cited the very valuable cooperation between the AfDB and Africa50 to meet the continent’s growing energy needs.
Africa50 CEO Alain Ebobisse underlined that the strong support from the Senegalese government, including a solid Power Purchase Agreement, helps assure a reasonable return for investors, making this project viable. “We are grateful for the leadership of President Sall who supported this innovative approach of joint development between Senelec and Afica50. This is a model of cooperation between the public and private sectors which, we are convinced, will permit the efficient development of priority projects everywhere in Africa.”
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.
Senegal and France to host Global Partnership for Education Financing Conference
September 22, 2017 | 0 Comments
|The announcement of the co-hosting was made by Presidents Macky Sall of Senegal and Emmanuel Macron of France at a high-level event on education financing held at the United Nations|
NEW YORK, United States of America, September 20, 2017/ — The Global Partnership for Education (GPE) is delighted that the governments of Senegal and France will co-host its financing conference, which will take place on February 8, 2018 in Dakar, Senegal.
The announcement of the co-hosting was made by Presidents Macky Sall of Senegal and Emmanuel Macron of France at a high-level event on education financing held at the United Nations, which was attended by Secretary General António Guterres, several heads of state and leaders on global education.
“The Global Partnership for Education has made substantial investments in education helping to get 72 million more children into primary school since 2002, including in Senegal,” President Macky Sall said. “We are honored to host the next GPE Financing Conference in Dakar and look forward to continuing our close partnership with GPE.”
This is the first time a donor and developing country co-host a GPE financing conference, symbolizing the spirit of true partnership, which is the essence of GPE.
President Macron of France stressed that one of his top priorities is to invest in education. “I call on the international community to join us in February 2018 in Dakar for the Global Partnership for Education Financing Conference, which France will co-host with Senegal,” Macron said.
“The financing conference of the Global Partnership for Education is an opportunity for a much needed step change, allowing donors and developing countries to show their financial commitment to education,” said Julia Gillard, GPE Board Chair. “Senegal and France jointly hosting the GPE financing conference demonstrates the determination of both governments to help GPE expand its support for strong and sustainable education systems in developing countries.”
The event in Dakar will bring together donor and developing country governments, the private sector, philanthropic foundations, civil society and international organizations to announce commitments to support education in developing countries.
“This is an exciting and pivotal moment for GPE and for global education,” said Alice Albright, GPE Chief Executive Officer. “This financing conference will put GPE on track to become a US$2 billion-a-year operation by 2020 . At that level, GPE can have a far greater impact on providing better quality education to the world’s children.”
GPE’s financing conference seeks to raise US$3.1 billion for 2018 through 2020 to support the education of 870 million children in 89 developing countries that are home to 78% of the world’s out-of-school population.
Currently, 264 million children and youth around the world are not in school and six out of ten children and youth, a total of 617 million, are in school but not learning at the level they need to break the bonds of poverty, poor health and social disadvantage. Though the share of overseas development aid to education has declined over the last six years, leaders around the world are now recognizing the urgency of turning that trend around.
France has been a donor to GPE since 2005. With GPE support since 2006, Senegal has shown great progress raising its investment in education as a share of domestic spending to 24 percent.
“Both France and Senegal are ideally positioned to urge other countries across the globe to increase investments in education,” Ms. Gillard added. “We believe that will make for a successful and productive financing conference and ultimately benefit hundreds of millions of children in some of the poorest countries around the world.”
The Global Partnership for Education (GPE) works with developing countries to ensure that every child receives a quality basic education, prioritizing the poorest, the most vulnerable and those living in countries affected by fragility or conflict. GPE mobilizes financing for education and supports developing countries to build effective education systems founded on evidence-based planning and policies.
Speak up Africa’s second gala convenes the Director General of the World Health Organization, African heads of state and first ladies, foundation partners and business community leaders to celebrate great strides made in African maternal and child health
September 22, 2017 | 0 Comments
NEW YORK, the United States of America, September 20, 2017, -/African Media Agency (AMA)/- Monday night, Speak Up Africa hosted its second annual Gala with over 300 African Heads of State, First Ladies, world health experts, leaders from the non-profit and foundation sector, and the business community to celebrate the tremendous strides already made in terms of child and maternal health on the continent.
Headlining the meeting was the recently elected Director General of the World Health organization, Dr. Tedros Adhanom Ghebreyesus of Ethiopia. Also attending were: His Excellency Jakaya Kikwete, former President of the United Republic of Tanzania, representatives of His Excellency Alpha Condé, President of Guinea, and of His Excellency Moussa Faki Mahamat, Chairperson of the Africa Union Commission, the First Lady of Malawi, H.E. Gertrude Maseko and Her Excellency Mrs. Toyin Saraki, CEO of the Wellbeing Foundation Africa.
The group turned its attention to the importance of mobilizing African leadership around the next set of healthcare goals for the continent – Universal Health Access, the eradication of Neglected Tropical Diseases, the use of midwifery as a means to lower infant mortality and maternal deaths, and the need to make vaccinations more available to families throughout the continent.
In talking about the power of mothers as advocates for their children, Dr. Tedros Adhanom Ghebreyesus recalled a recent trip to Yemen where he saw mothers fighting for care for the starving children, even while ignoring the fact that these mothers were themselves starving. Dr. Tedros reiterated his signature call for Universal Health Coverage globally – in conflict areas – and in the United States.
His Excellency Dr. Jakaya Kikwete, 4th President of Tanzania and Founder of The Kikwete Foundation commends Speak Up Africa for being drivers of change and the ultimate partner for effective advocacy and communications
Dr. Jakaya Kikwete, the Former President of Tanzania, and a leader in the movement to improve healthcare on the continent, has joined forces with Speak Up Africa. His remarks on Monday night showed his continued resolve to work towards a healthier and more health-educated population, “No woman should die bringing another life into this world. It is not fair. It is not right. Pregnancy is not a disease. And women should not be dying. A child’s birthday should be a day of celebration, not mourning.”
Accepting the Speak Up Africa political leadership award on behalf of Mr. Moussa Faki Mahamat, Chairperson of the African Union Commission, Dr. Abba Kalondo, Spokesperson in the Chairperson’s office, African Union Commission, apologized for Mr. Faki’s absence as he presided over a global security meeting with UN leaders. She repeated Mr. Faki’s oft-cited link between global security and health security world wide.
Other attendees at the Gala included:
* First Lady of Malawi, H.E. Gertrude Maseko
* Mark Suzman, Chief Strategy Officer, Bill and Melinda Gates Foundation
* Dr. Mwele Malecela – Director of the Office of the Regional Director at AFRO, representing Dr. Moeti
* Dr. John Simon, Chairman of the Global Fund
* Dr. Mary Ann Etiebet, Merck for Mothers
* Ms.Theo Sawa African Women’s Development Fund
* Mr. Carl Manlan, Ecobank Foundation
* UNICEF Ambassador to Ethiopia
o Abelone Melesse
SUA is a 501(c)(3) organization dedicated to inciting behavioral, political and societal reforms concerning African healthcare. Through strategic advocacy, national and Pan Africa media campaigns, SUA ignites a chain reaction of information, empowerment and mobilization around the most important health issues affecting the continent. Much of its work is conducted through high-profile media campaigns with African cultural rock-stars – artists, athletes, entertainers, and political and faith leaders.
USAID ADMINISTRATOR GREEN ANNOUNCES PMI LAUNCH AND EXPANSION IN WEST AND CENTRAL AFRICA
September 22, 2017 | 0 Comments
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.
SYMBION AND HIGHLAND GROUP HOLDINGS LTD. SIGN $100M EQUITY INVESTMENT AGREEMENT FOR RWANDA METHANE GAS PROJECTS
September 21, 2017 | 0 Comments
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.”
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.”
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.
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|
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.
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.
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.
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
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.
Launching of the new edition of Digital Africa, an innovation competition to take up the challenge of digital transition in Africa
September 21, 2017 | 0 Comments
|Deadline for startups to submit their projects on DigitalAfrica.AFD.fr is the 22nd of October|
|PARIS, France, September 20, 2017/ — For the 40th birthday of Proparco, the subsidiary of the Agence Française de Développement (AFD, French Development Agency) (www.AFD.fr) focused on private sector, AFD, Bpifrance (www.Bpifrance.fr) and the La French Tech (www.LaFrenchTech.com) have launched on 19 September the second edition of Digital Africa, a startup competition and digital innovation to support sustainable development in Africa. The first edition of the Digital Africa challenge, launched in October 2016, received more than 500 applications and rewarded 10 start-ups which convinced the judging panel on the potential impact of their innovation. Building on this success, AFD, Bpifrance and La French Tech have decided to renew the experience with the objective of offering a long-term support to the emergence of mature and solid digital ecosystems, catalysers of new economic opportunities.
Digital technology, a great accelerator of Africa’s development
Digital revolution is transforming the African continent. It’s an innovative catalyst that revolutionizes economies and societies. Ecology, energy, culture, education, artistic creation, governance, and media: digital technology has a transversal and multiplying impact in all those key sectors.
“Digital innovation is abundant in Africa. Africans are making a technological leap that accelerates the emergence of the continent. Through Digital Africa, AFD supports emblematic start-ups of the digital African ecosystems, and fulfils its mission of development in the service of education and innovation, in the digital age. Development is now moving in both directions, between the two shores of the Mediterranean” – Rémy Rioux, AFD Executive Director.
Nicolas Dufourcq, Bpifrance Executive Director claims “We are proud to participate in the Digital Africa challenge and to support 5 French start-ups in their development on the African continent which nowadays offers great opportunities. This challenge represents a straight continuation of our action for the internalization of enterprises and their cooperation with the African continent”.
“Innovation in Africa is showing extraordinary development, ecosystems are being structured, and start-ups are spreading across the continent. By promoting the links between French and African entrepreneurs today, our ecosystems are building a common future. Digital Africa is for French Tech an additional step to bring this ambition with Africa”, David Monteau, La French Tech Director, Ministry of Economy and Finance.
A fully customized program
All the startup winners of this second edition of the Digital Africa challenge will benefit from a high visibility and access an international network of partners, clients and investors. They will be part of a community that gathers the best talents of digital innovation in Africa and for Africa, in order to share experiences and good practices.
The 5 African winning startups will be accompanied by the AFD through an “acceleration pack”, a customizable, technical and financial support up to a 30.000 euros value.
The 5 French winning startups will be accompanied by Bpifrance up to a 10.000 euros value support pack to strengthen their expertise and develop new opportunities on the African continent: Bpifrance Université training, networking and discovery trip to Abidjan and Cape Town with the French entrepreneurs community in the French Tech Hubs.
“For a young startup, Digital Africa offers a great opportunity to gain a continental and international visibility.” – Dieu-Donné Okalas Ossami, E-Tumba, winning startup of the first edition of Digital Africa.
What are the selection criteria?
For the second edition of Digital Africa, startups are invited to propose innovative projects linked to the following themes:
The relevance of the solutions proposed, their feasibility, sustainability and potential impact will be key criteria in the selection process divided in several steps:
Agence Française de Développement (www.AFD.fr), a public financial institution that implements the policy defined by the French Government, has been working for more than seventy-five years to combat poverty and promote sustainable development.
Bpifrance (www.Bpifrance.com) finances businesses from the seed phase to transfer to stock exchange listing, through loans, guarantees and equity. Bpifrance accompanies firms in their innovation projects on an international scale and in their export activities through a wide range of products. The support offered to entrepreneurs also includes consultancy, university, networking opportunities and accelerating programme for startups, SME and middle-market companies.
The Jim Ovia Foundation Pledges $2 Million to the Africa-America Institute to Support Higher Education
September 21, 2017 | 0 Comments
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.