Houston based Marathon Oil Corporation to Step Up Investment in Equatorial Guinea Following Meeting with President Obiang Nguema Mbasogo
January 24, 2020 | 0 Comments
|Marathon Oil reiterated its commitment to Equatorial Guinea and towards the development of the country’s Gas Mega Hub|
| MALABO, Equatorial Guinea, January 22, 2020/ — Marathon Oil Corp, one of the biggest energy investors in Equatorial Guinea, has committed to increase its investment in the required infrastructure to support the Government’s vision for the Gas Mega Hub and the Year of Investment initiative following a meeting with H.E. President Teodoro Obiang Nguema Mbasogo.|
In company of H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons, President Obiang Nguema Mbasogo met this week with Marathon Oil Chairman, President and CEO Lee Tillman and Executive Vice President Mitch Little to discuss Marathon Oil’s short and long-term future plans in the country.
Marathon Oil reiterated its commitment to Equatorial Guinea and towards the development of the country’s Gas Mega Hub, including unlocking funding to promote the delivery of gas from neighboring countries and cross-border fields to maximize existing facilities and possibly consider a second LNG train. Marathon Oil also declared support for the Ministry’s efforts to construct a modular refinery in Punta Europa by undertaking a conceptual study on the Ministry’s behalf.
“Marathon’s disciplined and consistent performance is going to ensure that Equatorial Guinea can continue to count on a partner that is tried, true and tested when it comes to running world-class gas projects. I have no doubt that under Chairman, President and CEO Lee Tillman, Marathon will continue to be a strong, resilient, and well positioned partner for the future of Equatorial Guinea,” stated H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons
Marathon Oil continues to prioritize the ongoing Alen backfill project currently under implementation with Noble Energy, Glencore, Atlas and Gunvor. Efforts are underway to accelerate gas for delivery by year end 2020, while currently scheduled for first quarter 2021. The project is an important step towards replacing declining output from the Alba field.
Furthermore, both parties agreed to immediately commence feasibility studies related to methanol to gasoline and other methanol derivatives, in coordination with the Ministry of Mines and Hydrocarbons. “President Obiang expects and demands of my Ministry and Marathon, today and for the foreseeable future, to work on creating an integrated set of solutions that are required — ranging from producing hydrocarbons in Equatorial Guinea efficiently to developing policies that encourage long-term investments that create jobs and opportunities for our citizens,” added H.E. Minister Obiang Lima.
Many foreign investors are planning to increase their investment in Equatorial Guinea this year, or enter the market to tap into several opportunities across the hydrocarbons and mining value chains under the Year of Investment initiative.
Details of the program are available at www.investineg.com and interested investors are encouraged to contact the Ministry of Mines and Hydrocarbons to discuss investment opportunities and projects.
*Source Africa Energy Chamber
Atlantic Methanol Production Company to create a methanol-to-gasoline and derivatives unit to further monetize domestic gas produced in Equatorial Guinea
January 24, 2020 | 0 Comments
|Atlantic Methanol Production Company (AMPCO) is part of a series of foreign investors planning to increase their investment in Equatorial Guinea this year|
MALABO, Equatorial Guinea, January 23, 2020/ — The Atlantic Methanol Production Company (AMPCO), which runs one of Africa’s largest methanol plant on Bioko Island in Equatorial Guinea, has decided to support the ongoing Year of Investment initiative and invest in the expansion and diversification of the country’s downstream sector. This was discussed during a meeting in Malabo this week between Paul Moschell, President of AMPCO, and H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons.
AMPCO is operated by Marathon Oil Corporation, which owns 45% of the plant along with Noble Energy (45%) and state-owned SONAGAS (10%). The plant has been running successfully for about two decades, and has the potential to significantly contribute to the growth of Equatorial Guinea’s downstream industry.
Following the discussions in Malabo this week and its support to the Year of Investment initiative, AMPCO has decided to work with the Ministry of Mines and Hydrocarbons to create a methanol-to-gasoline and derivatives unit to further monetize domestic gas produced in Equatorial Guinea. The company has also agreed to work on the development of a formaldehyde production unit.
“Our focus is on increasing overall value by strengthening our upstream business and further integrating it with the downstream and chemical segments. We believe in working with long-term partners and welcoming new partners who bring on board a value-added proposition to our industry and country,” said H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons.
Like Marathon Oil, AMPCO will provide the necessary support needed to the building of a modular refinery on Bioko Island, in line with the Ministry of Mines and Hydrocarbons’ plan.
AMPCO is part of a series of foreign investors planning to increase their investment in Equatorial Guinea this year, or enter the market to tap into several opportunities across the hydrocarbons and mining value chains under the Year of Investment initiative. Details of the program are available at www.investineg.com and interested investors are encouraged to contact the Ministry of Mines and Hydrocarbons to discuss investment opportunities and projects.
*Source Africa Energy Chamber
PAV Banjul Correspondent Nominated Media Personality Of The Year in Gambia
January 24, 2020 | 0 Comments
Bakary Ceesay, correspondent of Pan African Visions in Banjul, Gambia, has been nominated as Media Personalty of the year in The Wah Sa Halat Music Awards Gambia scheduled to take place on 31st January at Penchami Hall of Paradise Suite Hotel.
Ceesay, one of the Gambia’s finest entertainment journalists is been nominated along Sally Jobe, anchor of Playlist at Kerr Fatu, Delz Campbell, anchor of GamVibes at QTV, Foday Jawara, alias Master Fo, anchor of 360 Show at Paradise Fm and Isha Elizabeth, Entertainment anchor at Block TV Gambia.
The awards are usually organised by Brand Plus to reward artists, producers, video directors and media practitioners who work extremely well on their songs and video events.
Reacting to his nominations, Ceesay, who has done public relations for many Gambians artists, event organisers and promoters said: “I felt honor to be recognised as Media Personalty of the year in 2019, after working with all the prominent Gambian artistes in their shows with huge turn outs”
“This nomination means a lot for me since the journey to contribute my quota in the music industry started seven years ago and the skepticism that many hard has given way for optimism and growing believe in the potential of Gambian music and this challenges me to work harder ,” Ceesay said.
He explained that seven years ago he took upon himself to promote Gambian music through the media with the motivation needed to tell stories about the rise of Gambian Artists to stardom.
He added that it took him sleepless nights in covering live music concerts and walking home for several miles .
He urged young journalists to have a keen interest in the area of arts and entertainment because there are lots of stories that need to be told worldwide on the talents of Gambian artists .
“This nomination is dedicated to The Voice Newspaper, Music in Africa, Block TV Gambia The Monitor Newspaper and Pan African Visions who gave me the platform to expose our talents across the globe. To my colleagues nominees ,we are not in a competition but we are all winners at the end of the day,” Ceesay said.
Kenya shivers over Coronavirus outbreak
January 24, 2020 | 0 Comments
By Samuel Ouma
Being one of the destinations of China nationals in Africa, Kenyan residents risk contacting Coronasvirus which has hit the Asian country warn the experts.
The epidemic started in the Chinese town of Wuhan in December, 2019 before spreading to other provinces. It has already infected at least 440 people and killed 9 people. The virus has crossed the border to Thailand, US, South Korea, Australia and Japan.
Kenya has intensified surveillance at all its entry points and screening of passengers for the new scourge as precautionary measures as the World Health Organization set to meet to determine whether the outbreak should be categorized as the international health emergency.
“The Ministry of Health has heightened surveillance at all ports of entry and screening of passengers for coronavirus. An alert has also been sent to all 47 counties through the directors of health Governors to widen efforts”, revealed the ministry’s acting director general.
The viruses originate from the animals according to the medical experts but it is not clear which animals. They infect both animals and people, and cause illnesses of the respiratory tract, ranging from the common cold to severe conditions as per health practitioners. Other symptoms are fatigue, sore throat and dry cough.
A Chinese scientist who first decoded the virus revealed that it can be transmitted from animals to humans sending people across the world into panic. People have been implored to avoid any contact with animals.
Malawi: Elections case ruling in a week’s time
January 24, 2020 | 0 Comments
By James Mwala
The Constitutional Court in Malawi is expected to make its ruling on the presidential petition case in a week’s time, court officials say.
Malawi’s 21st May 2019 presidential elections have been protested in court, news that has dominated the headlines since Peter Mutharika of the Democratic Progressive Party was declared winner.
His tight rivals former Vice President Saulos Chilima and Malawi Congress Party leader Lazarus Chakwera petitioned the court to nullify the results in the wake of irregularities including the alleged use of erasing fluid tippex.
The court heard the case for the better part of the last three months last year and its ruling has been expected in 45 days.
But speaking to the media recently, High Court Registrar Agnes Patemba says the judges are still preparing their judgment.
According to Patemba, the ruling will be between the 27th of January to 3rd February.
“People should not spread any rumours on the ruling. All I can say is the judges have the time to prepare their stance on the case,”she said.
This has followed tight speculations over the last few weeks, posts in which several dates have been mentioned as when the ruling will be made.
At the moment, parties are being urged to ensure they prepare their supporters for the outcome of the case.
Weeks ago, police arrested UTM member and vocal activist Jessie Kabwila on allegations of inciting violence.
At a public rally, Kabwila, a former lawmaker warned they would ‘deal’ with the courts if they make unfair ruling on the case.
The judges had also at some point issued a stern warning to people to exercise patience and not threaten others.
Coalition for Dialogue & Negotiations Meets with Ambassador Herman Cohen on the Escalating Armed Conflict in Southern Cameroon
January 23, 2020 | 0 Comments
The Co-Chair of the Coalition for Dialogue and Negotiations Judith Nwana today held an hourlong discussion with His Excellency Ambassador Herman Cohen, former United States Assistant Secretary of State for African Affairs.
The discussion centered on pathways to a permanent negotiated solution to the escalating armed conflict in the Southern Cameroons.
Discussions also involved how the upcoming international conference on the armed conflict, scheduled for March 19-21, 2020 could help in facilitating credible negotiations and preparing for post-conflict reconstruction.
*Source Coalition for Dialogue and Negotiations . For inquiries contact Rick Ferreira, Executive Director at Rick.Ferreira@coalitionfdn.org
Ride the wave of the African Continental Free Trade Area, African Development Bank president Adesina Urges UK investors
January 22, 2020 | 0 Comments
Africa is on the cusp of unmatched economic transformation, and the UK must engage in a “partnership of change,” African Development Bank President Akinwumi Adesina said Tuesday in a keynote address at a UK Parliamentary Symposium. “The Africa of the 21st century is very different. The Africa of the 21st century is new and more confident,” he said.
The Symposium was co-organized by the All-Party Parliamentary Group for Africa with the Royal African Society, Oxford Brookes University, and the Trade Justice Network under the theme UK-Africa Trade and Brexit.
The Bank’s chief argued that Africa and the UK should be significant trading partners. “The reality, however, is that UK’s trade with Africa is trending downwards. From a $49 billion peak in 2012, trade decreased to $30.6 billion in 2018,” he noted.
The decline in UK trade and investment in Africa is against a backdrop of projected business-to-business and consumer-to-consumer expenditures of $5.6 trillion by 2020, and a food and agriculture market worth $1 trillion by 2030.
“The fact that we are having this conversation in the UK Parliament is a great start. The convening of this Summit by Prime Minister Boris Johnson is an even greater start,” he acknowledged.
President Adesina used his engagement at the House of Commons to share Africa’s investment opportunities, “which speak for themselves.” Trading under the African Continental Free Trade Agreement, which represents a market of more than 1.3 billion people and a gross domestic product of $2.5 trillion, and is the world’s largest free trade area since establishment of the World Trade Organization, starts in July.
Speaking earlier in the morning at the UK-Africa Investment Summit Sustainable Infrastructure Forum, the Bank’s chief said: “Investing in quality and sustainable infrastructure can spur Africa’s economic transformation.”
The Forum, organized by the Department of International Development (DFID) and Her Majesty’s Trade Commissioner for Africa, seeks to facilitate new investment and commercial opportunities for the UK and promote quality infrastructure to deliver better services to African citizens.
The Bank has been a forerunner in the race to rapidly close the continent’s infrastructure gap, which Adesina suggested be renamed “Africa’s infrastructure demand opportunity.” Investors who tapped early into information and communications technology infrastructure in Africa have seen those investments become game changers for Africa, he noted.
“Just under two decades ago, Africa had fewer telephones than Manhattan in New York. Today, Africa has over 440 million cell phone subscribers. Returns on digital infrastructure are very high as the continent expands broadband infrastructure to boost connectivity and improve services,” Adesina said.
The African Development Bank has been a major investor in infrastructure development in the electricity, transport, and water sectors across Africa. Cumulative Bank funding for infrastructure on the continent rose by 22% from $66.9 billion in 2016 to $81.6 billion in 2017. During the same period, the value of infrastructure projects with private sector participation has increased from $3.6 billion to $5.2 billion.
To meet Africa’s unmet infrastructure needs, project preparation is critical, the Forum heard.
The Bank has established several project preparation facilities to address the lack of bankable projects and ensure a robust pipeline of projects. These facilities collectively provide $30-50 million annually in support for project preparation.
The African Development Bank and DFID are collaborating to explore how to better support fragile states, which are facing huge financing needs. DFID has been the Bank’s key strategic partner since it joined the Bank group in 1983. And its “strong and consistent” support for the African Development Fund has helped the development of low-income states, especially the fragile states.
Instruments, such as the Private Sector Credit Enhancement Facility, a credit-risk participation vehicle from the African Development Fund, (ADF)’s concessional window to support Non-Sovereign Operations in low-income countries, are showing tremendous results.
With $500 million in credit guarantees, provided through ADF, the Bank has leveraged $2.5 billion of financing into fragile states, with a zero default rate.
“We are committed to quality infrastructure and ensuring that no one is left behind!” Adesina concluded.
The Bank’s chief is on a three-day visit to the UK. On Monday, he joined African Heads of States at a reception at Buckingham Palace after taking part in a presidential panel at the UK-Africa Investment Summit convened by British Prime Minister Boris Johnson.
Mozambique to get over £306m in UK investments
January 22, 2020 | 0 Comments
By Jorge dos Santos
Mozambique is set to benefit from over 306 million pounds from the UK government for various projects in the country, as part of over 6.5 billion pounds package announced for African markets Monday.
A total of £306m will be invested by Baker Hughes on export and investment of deep-sea equipment and scholarships, while Lloyds Register will invest £0.76m to set up operations in Mozambique.
The announcement was made at the UK-Africa Investment Summit in London.
The projects will be undertaken by UK companies and their African partners.
A statement published by the Department for International Development and Department for International Trade “the diverse and fast-growing economies of Africa offer huge potential to UK business”.
The 27 deals under the over 6.5 billion-pound investments in Africa have been listed as:
1. Aggreko signed an £80m contact extension for energy provision in Cote D’Ivoire
2. Airbus sold £80m of aircraft in Egypt
3. Anglo-Tunisian Oil and Gas invest £26m in Tunisian gas assets.
4. Aqua Africa win £26m export contract to supply solar powered water filtration systems in Ghana.
5. Baker Hughes £306m export and investment of deep-sea equipment and scholarships in Mozambique
6. BHM £80.3m work on the Tema-Aflao Road Project in Ghana.
7. Bombardier’s £3,180m construction and operation of 2 monorail lines in Cairo.
8. Contracta Construction UK win £120.5m export contract to upgrade Kumasi teaching hospital in Ghana.
9. Contracta Construction UK win £40m export contract to develop Kumasi airport in Ghana.
10. Diageo invest £167m to improved sustainability of breweries in Kenya & East Africa.
11. Globeleq invest £50m to help build of Malindi photovoltaic solar park in Kenya.
12. GSK invest £5m in Egypt to upgrade two production lines.
13. Kefi Minerals invest £224m in a new gold mine and to develop local infrastructure in Kenya.
14. Lagan Group win a £185 export contract for the construction of Kampala Industrial Business Park in Uganda.
15. Lloyds Register invest £0.76m to set up operations in Mozambique.
16. Low Energy Designs win an export contract to install street lighting for Oyo state in Nigeria.
17. Matalan invest £25m to open 13 new outlets in Egypt.
18. Moy Park to export £12m of frozen chicken to Angola.
19. Nexus Green export £80m of solar powered water pumping systems for irrigation in Uganda.
20. NMS Infrastructure invest £222m in the construction of 6 hospitals in Côte D’Ivoire.
21. Rolls Royce purchase £50m of aircraft engines in Egypt.
22. Savannah invest £315m in the acquisition and investment of ingas assets in Nigeria.
23. Tex ATC install 5 Airport control room towers worth £2m in Nigeria.
24. Trilliant install £5m of Smart Metering to Abuja DisCo In Nigeria.
25. Tullow invest £1,200m in continued oil production in Kenya.
26. Tyllium and Ellipse win an export contract worth £60m to provide 250 new beds for a general hospital in Koforidua in Ghana.
27. Unatrac win a £1.5m export contract to supply machinery for Ugandan roads.
Genesys Introduces Experience as a Service Enabling Organisations to Deliver True Personalisation
January 21, 2020 | 0 Comments
Rapid innovation, lightning-fast deployments and infinite scale solidifies Genesys Cloud as the world’s leading public cloud contact centre platform
JOHANNESBURG, South Africa, January 21, 2020/ — Genesys® (https://bit.ly/2NJBqD6), the global leader in omnichannel customer experience (https://bit.ly/3axpLRC) and contact centre solutions (https://bit.ly/2tCLR4K), announces it is changing the name of its flagship software as a service (SaaS) offering, PureCloud®, to Genesys Cloud™. This shift reflects the evolution of the company and marks the launch of Experience as a ServiceSM powered by Genesys Cloud, which enables organisations to achieve true personalisation at scale. Genesys Cloud, an all-in-one solution and the world’s leading public cloud contact centre platform, helps organisations provide better experiences to their customers and employees.
“Through Genesys Cloud , we’re delivering Experience as a Service to make it easier for organisations to foster customer trust and loyalty. This starts by helping them know their customers as individuals, not profiles or segments, and leading with empathy throughout every connected moment,” said Tony Bates, chief executive officer of Genesys. “When businesses can provide distinctive experiences tailored for each customer, they’re achieving the level of personalisation today’s consumers are looking for – and that’s what we enable with Genesys Cloud.”
The solution for any organisation
Last year alone, nearly 500 new customers across the globe selected Genesys Cloud, including Banco Inter, Concord Servicing Corporation, eFinancial, Ethiopian Airlines, Medicard Philippines, Inc., Paycor, SITA and TechStyle. The company also announced it closed more than 1,000 deals with existing customers in 2019, helping them to further modernise the service they deliver through Genesys Cloud. Deployments range in size from 20 to 20,000 seats with nearly 90 percent of organisations fully implemented in just 90 days.
“As the fastest growing digital bank in Brazil, we chose Genesys Cloud because we needed a cloud-based omnichannel customer experience platform that could keep up with our accelerated growth strategy,” said João Marcus dos Santos, customer care IT leader of Banco Inter. “Genesys Cloud allows us to use a single solution to engage with our customers on every channel and provides the flexibility we need for our company’s rapid evolution, enabling us to add innovative and disruptive solutions quickly.”
New pricing gives businesses ultimate agility
To make it even simpler for organisations to adopt Genesys Cloud, the company is rolling out new usage-based pricing. Beginning in the first quarter of 2020, customers have the flexibility to pay only for the hours they want and add as many users as required. In addition, customers can also make changes to their subscription bundle, such as increasing hours and adding digital channels or workforce engagement management seats. This gives customers unmatched versatility to tailor their subscriptions to meet evolving business requirements.
“After a nearly 30-year legacy of providing leading on-premises contact centre solutions, Genesys has successfully pivoted to the cloud – a feat many premises providers have tried but few have succeeded in making,” said Sheila McGee-Smith, president, McGee-Smith Analytics. “Genesys Cloud gives businesses the best of both worlds: one of the industry’s most powerful cloud platforms enabling rapid innovation and scalability, coupled with the knowledge and expertise of an industry pioneer. This winning combination enables even the most complex organisations to provide a differentiated experience to each customer, every time.”
The platform for rapid innovation
Easily and cost-effectively customisable, Genesys Cloud is an innovative development platform that allows organisations to address the unique needs of their customers and industry. With its robust feature set, open APIs and 100% microservices-based architecture, the platform was built for developers by developers. In fact, last year alone, 60% of the platform’s 7 billion and growing monthly API calls originated from customers and partners. In addition, organisations have even more opportunity to make Genesys Cloud their own by leveraging applications, integrations and services from the Genesys AppFoundry® , the fastest growing dedicated customer experience marketplace in the industry.
The company also announced it is delivering all new innovations exclusively via the Genesys Cloud platform. This makes it easy for any Genesys customer – whether on-premises, cloud or hybrid – to consume new capabilities, including artificial intelligence, digital, predictive analytics and more, regardless of the Genesys product they use.
Every year, Genesys® (www.Genesys.com) delivers more than 70 billion remarkable customer experiences for organisations in over 100 countries. Through the power of the cloud and AI, our technology connects every customer moment across marketing, sales and service on any channel, while also improving employee experiences. Genesys pioneered Experiences as a ServiceSM so organisations of any size can provide true personalisation at scale, interact with empathy, and foster customer trust and loyalty. This is enabled by Genesys Cloud™, an all-in-one solution and the world’s leading public cloud contact centre platform, designed for rapid innovation, scalability and flexibility.
Chelsea Center Back – Antonio Rüdiger Offers Le 1 Billion To Support Free Quality Education In Sierra Leone
January 21, 2020 | 0 Comments
By Uzman Unis Bah
London, United Kingdom, Antonio Rüdiger has donated Le 1 Billion (USD 101,000) to support Sierra Leone’s Free Quality Education initiative.
The player, meeting President Julius Maada Bio on the margins of the UK-Africa Investment Summit, said he was donating the money as his contribution to the President’s flagship project, which aims to support over two million children in primary and secondary schools in Sierra Leone.
The German professional footballer is born to Sierra Leonean parents in Germany. According to the governments press statement, “rüdiger assured the president that he was committed to supporting his government’s effort at rebranding the natural resource-rich country with huge potentials for investments.”
Rüdiger affirms his support for the West African nation “Sierra Leone is my home. I am not the talking type of a person; I am about action. You can count on us and do not hesitate. We are here to support your vision and agenda, especially on education. I am ready to take on my responsibility to change the narrative and image of Sierra Leone,” the presser states.
Upon assuming power, Sierra Leone’s president has had series of overseas trips, with confidence, he believes the country needs to rebrand, and those trips are essential in boosting investors’ confidence, and attracting investors to the economically challenged nation. However, most of these trips reel with public criticism.
WASHINGTON D.C. TO HOST INTERNATIONAL CONFERENCE ON THE ARMED CONFLICT IN THE SOUTHERN CAMEROONS
January 20, 2020 | 0 Comments
MARCH 19-21, 2020 Conference to establish a majority position and develop a detailed framework for robust post-conflict reconstruction
|20th January 2020-(London | Berlin | Washington D.C)–For the past six weeks, the Coalition for Dialogue and Negotiations has engaged in a broad-based consultative process with Southern Cameroonians on the need to organize an international conference on the escalating armed conflict. Southern Cameroonians are citizens of the former British Southern Cameroons, currently North-West and South-West Regions of the Republic of Cameroon, sometimes referred to as “Anglophones” or “Ambazonians”. The Coalition has decided to use the United Nations recognized appellation: Southern Cameroons or Southern Cameroonians.These consultations have involved Southern Cameroonian professionals of all walks of life,civil society leaders, all leaders of “restorationist” (separatist) groups, Southern Cameroons political leaders, activists, religious and traditional leaders, members of parliament, businessmen and businesswomen, youth leaders, academics, media personalities and members of the diaspora. Consultations have also involved multilateral institutions, members of the diplomatic community and international non-governmental organizations.|
The Coalition received feedback from over 4,631 Southern Cameroonians with more than 95-percent in support of such a conference. Given this overwhelming support, and working with various stakeholder groups, The Coalition is very pleased to announce that the International Conference on the Armed Conflict in Southern Cameroons will take place in Washington D.C from March 19 to 21, 2020 under the theme: “Defining a Pathway for Our Future”
|The Conference has two main objectives:Engage all segments and professionals of Southern Cameroons origin to establish the majority view on a pathway to a permanent negotiated solution to the armed conflict, andDevelop a detailed framework for a robust post-conflict reconstruction.Seven (7) Working Groups (WG) have been established to guide deliberations throughout the conference. WGs are made up of technical experts, representatives from major stakeholder groups and interested Southern Cameroonians. The 7 Working Groups are: (1). Mediation and |
Negotiations; (2) Economic Reconstruction; (3) Judiciary and Constitutional Affairs; (4) Peacebuilding and Public Security; (5) Healthcare and Humanitarian Relief; (6) Education and Vocational Empowerment; and (7) Governance.
Working Groups are further divided into Sub-Groups, which focus on specific areas. Sub-Group recommendations will be forwarded to the full Working Group for consideration and adoption. This bottom-up approach will ensure that the views and recommendations of average Southern Cameroonians are directly reflected in Conference resolutions.
The Coalition therefore strongly encourages Southern Cameroonians from all walks of life to become actively engaged in defining a pathway to peace and the post-conflict future of Southern Cameroons. Individuals can become involved by clicking the following links: Register to attend conference
Join A Working Group
Become A Volunteer
Submit A Written or Oral Statement
On Twitter using #ICSC2020For important conference timeline please visit the website at: https://aic.coalitionfdn.org
To allow for proper planning the deadline for the accreditation of all conference delegates is March 1, 2020.
About the Coalition for Dialogue and Negotiations
The Coalition for Dialogue and Negotiations (CDN) is an international non-governmental organization (NGO) with the specific goal of facilitating dialogue and negotiations towards ending the war in Southern Cameroons. CDN is made of professionals from all works of life and over 20 partner organizations worldwide advocating for an end to the war. CDN members work with its partners to strengthen international involvement in resolving the conflict and building durable peace in the conflict affected territories.
Contact: Kindly send all inquiries to Rick Ferreira, Executive Director at Rick.Ferreira@coalitionfdn.org
*Source Coalition for Dialogue and Negotiations
Janngo pledges €60 million at Davos to back African startups leveraging technology to achieve the SDGs
January 20, 2020 | 0 Comments
Janngo unveils Janngo Capital Startup Fund, its €60m Venture Capital fund dedicated to financing tech-enabled startup accelerating progress towards the Sustainable Development Goals (SDGs) in Africa, with a €15m anchor investment by the European Investment Bank
ABIDJAN, Ivory Coast, January 20, 2020/ — On the eve of its participation to the 50th World Economic Forum, Janngo (http://www.Janngo.Africa) pledges 60€ million to back technology startups with a double bottom line approach through its dedicated investment vehicle Janngo Capital Startup Fund. The fund is a first of its kind Venture Capital & Impact vehicle investing from seed through growth stage across Africa and targeting at least 50% of startups founded, co-founded or benefiting women. This initiative is part of Janngo’s broader commitment on financing the SDGs in Africa, as a member of the Goalkeepers Community and the Global Future Council on the New Economic Agenda of the World Economic Forum.
Entrepreneurship, a powerful engine to provide decent economic opportunities and create jobs in Africa
In Africa, only 3 million jobs are created every year when at least 20 to 30 million jobs will be needed to absorb its fast growing labor force in the coming years. In this context, unlocking entrepreneurship is a critical lever to massively increase the supply of decent jobs and bridge the unemployment gap, both in the formal or informal sector.
“In 2050, we’ll be roughly 2.2 billion people in Africa, which means that we need to find now massive ways to feed, educate, house, care for and employ more than 1 billion people in less than 30 years. We believe traditional development models have failed because they were unbalanced and unsustainable either only focusing on commercial returns or too heavily aid-based : our thesis strikes the right balance between delivering solid returns to our investors while being socially accountable, solving key market failures and leveraging technology to help leapfrog development. That’s ourikigai (http://bit.ly/2TFUOVm), our reason for being, as Janngo means “Tomorrow” or “Future” in Fulani.” explains Fatoumata BA, Executive Chair of Janngo and Managing Partner of Janngo Capital.
Venture Capital as a way to bridge gender inequality in accessing funding
African women are known to be the most entrepreneurial in the world with a 26% Total Entrepreneurial Rate in Sub-Saharan Africa where they are twice as likely to start a business than elsewhere (Source : Roland Berger). Yet, there is currently a $42 billion funding gap for women entrepreneurs in Africa according to the African Development Bank. Additionally, the larger the ticket size, the harder it is for women in emerging markets to get access to capital with only 10% of women entrepreneurs able to raise money from Series A vs 49% at seed stage.
“At Janngo, we believe that talent is equally distributed between men and women but opportunities aren’t; especially in terms of access to capital. That is why we are proud to be a female-led VC fund investing 50% of our proceeds in startups founded, co-founded by or benefiting women” adds Fatoumata BA, Executive Chair of Janngo and Managing Partner of Janngo Capital.
Financing the Sustainable Development Goals in Africa : the need for a stakeholder approach to accelerate progress towards delivery in the next decade
With a €60 million investment vehicle 100% dedicated to African startups achieving both an economic performance and a social impact, Janngo’s commitment is paving the way for SDGs financing in the Venture Capital Space in Africa. This pool of capital includes a €15 million ticket from the European Investment Bank (EIB), the world’s largest multilateral financial institution and the biggest provider of climate finance.
“Thanks to the support of the EIB, we will be able to invest between €50 000 and €5 million, from seed through growth stage in startups all across Africa demonstrating the ability to deliver financial and social returns. Every past investment and every startup in our dealflow is mapped against the 17 SDGs; their ability to create jobs for women, for young people and green jobs is also assessed. We act not only as financial partners but as operating partners with a very hands-on and long-term approach as well as an ecosystem thinking. That is why we have engaged with stakeholders sharing the same vision through our partnership with the EIB, our contribution to the WEF conversation on Financing the SDGs during Davos Annual Meeting and our commitment to the Goalkeepers community. We have a decade to deliver on the Goals and the clock is ticking : we need more than a positive capitalism, we need a stakeholder capitalism” concludes Fatoumata BA, Executive Chair of Janngo and Managing Partner of Janngo Capital.
Janngo (http://www.Janngo.Africa) builds, grows and invests in pan-African digital champions with proven business models and inclusive social impact. We build digital ecosystems in high growth sectors by providing business support and digital platforms allowing Small and Medium Enterprises (SMEs) to scale and contribute to the economic empowerment of youth and women through job creation and capacity building.