Cameroon: SMEPA Trains Youths, SMEs on Job Creation, Entrepreneurship
November 22, 2020 | 0 Comments
By Boris Esono Nwenfor
The Small and Medium-Sized Enterprises Promotion Agency, SMEPA, in partnership with the International Labour Office have trained youths and SMEs under the programme “start your business and other tools of the SME Agency.”
The Training of Trainers programme which took place at the Buea Mountain Hotel from November 17 to November 20, 2020, had the aim of assisting Small and Medium-Sized Enterprises, SMEs who face tough competition. “This programme is to upgrade the standards of SMEs of the North West and South West Regions,” Jean Marie Louis Badga, General Manager SMEPA told reporters.
“We are training these trainers to help them have all the tools to accompany these SMEs to be resilient in the field, become more competitive. We have these programmes so we train SMEs to promote entrepreneurship for young people. It is also to accompany those on the field to become more competitive and with high standards.”
SMEPA hopes to train at least one thousand SME workers in each Region between now and the next two years. It is a robust plan which falls in line with the objectives of the National Development Strategy Plan for 2020 and 203, which the Prime Minister launched November 16.
According to SMEPA General Manager, this programme falls in line with the Head of State’s vision to accompany youths in their projects, provide solutions to problems faced by businesses through modules that were designed for them. He went on to express his wish to see that the trainees put to use the skills acquired for the benefit of themselves and their communities.
The Small and Medium Size Enterprises sector has been identified as one of those sectors that provide opportunities for the youths in terms of job creation. It is that sector which equally contributes a great deal to the economy of the country.
In Cameroon, small and medium-sized enterprises (SMEs) are regarded as vectors for job and wealth creation. Statistics from the Ministry of Small and Medium-Sized Enterprises, Social Economy and Handicrafts, which show there are more than 400,000 companies in the informal sector and out of these, 99%, are SMEs.
This dynamic presence helps to generate growth and redistribute wealth in society. Their important role in reducing poverty in Cameroon is also gaining recognition. Small and Medium Size Enterprises (SMEs) contribute around 36% of Cameroon’s GDP, make-up over 90% of businesses in Cameroon, and employ above 60% of the population.
The business environment in Cameroon is good but the lack of resource harmonization in the Cameroon Entrepreneurship sphere is considered as among the main causes of short-run business failure and poor competitive capacity. SMEs in Cameroon face significant challenges regarding Managerial skills, lack of capital, networking and lack of dedicated agencies to assist the existing and potential entrepreneurs, lacking communication skills, low quality and standards, poor human resource management skills.
Addressing the officials, David Mafani Namange, Mayor of Buea urged the youths to make use of this programme so that “the building of our communities will be done with the help of your expertise.” “While we thank you for giving us a Centre for Enterprises it serves no purpose if the structure that is to help these enterprises to become sustainable is not present. We, therefore, request you see the possibility of opening a branch of the Small and Medium Size Enterprises in the South West Region. We are a Region that needs one and the environment is conducive enough. The time cannot be better than now,” David Mafani Namange, Mayor of Buea told SMEPA General Manager.
One of the trainees Joshua Tembang said: “I am leaving here and I believe I will be an expert in entrepreneurship and I will be able to train others in my community and empower the youths. At this particular time, the youths are facing considerable challenges and without jobs, we are calling on the youths to become entrepreneurs and push our economy ahead.”
The Ministry of Small and Medium Size Enterprises, Social Economy was created in 2004 as one of the means to reduce increasing rates of poverty and unemployment. Statistics according to ENS stands at 3.8 per cent in 2020. Youth unemployment stands at 5.84 per cent in 2020, according to statistics from the ILO.
African Development Bank’s investments are transforming the continent, unlocking economic potential, and spurring development – 2020 Annual Development Effectiveness Review (ADER) report
November 20, 2020 | 0 Comments
20.3 million people are benefiting from improvements in agriculture (47% women); 3,919 km of feeder roads rehabilitated or built
From agro-processing initiatives to energy, transportation and water and sanitation services, transformative investments by the African Development Bank are paving the way to unlock Africa’s economic potential, according to the 2020 Annual Development Effectiveness Review (ADER) , released on Friday.
The report, which analysed the Bank’s contribution to Africa’s development in 2019 is themed Building resilient African economies.
“Our goal has been and always will be to transform Africa through investments that make a difference to those who need it most. We are a bank that invests in people,” said Bank President Akinwumi Adesina. “People are our core business. Their quality of life is our greatest return!”
The annual report uses the Bank’s results measurement framework to measure its performance, to reflect on its accomplishments and areas in which it can strengthen its effectiveness to achieve its High 5 development goals: Light Up and Power Africa, Feed Africa, Industrialize Africa, Integrate Africa, and Improve the Quality of Life for the People of Africa.
“We have increased the quality and speed of our operations, we are more present in partner countries, and our development impact is deepening,” said Ms. Swazi Tshabalala, Acting Senior Vice-President and Chief Finance Officer.
A year of transformative impact
Among its findings in 2019, 20.3 million people benefited from improved agriculture in Africa through operations supported by the Bank. In Uganda, for instance, the Bank’s support for the Community Agricultural Infrastructure Improvement Programme is boosting farmers’ income through agro-processing initiatives, and better access to markets, benefiting 2.4 million rural households.
In other High 5 areas, the Bank’s operations helped to install 291 MW of new power capacity—60% of which was renewable—and supplied 468 000 people with new electricity connections. It also impacted 1 million people through private sector investee companies, 17.7 million people through better transport services, and 10.1 million people through improved access to water and sanitation.
The Bank has always been a strong champion of regional integration in Africa through supports focused on catalyzing public and private investment in road, transport, and electricity connectivity. For instance, in 2019, the Bank helped build or rehabilitate transport links between Burundi, Rwanda, and the East Africa Community; between Ethiopia and Kenya; and between Kenya and Tanzania.
“We must continue to build on our strength as a development agency and enhance the quality and impact of our operations so that Africa can achieve the sustainable development goals by 2030,” said Simon Mizrahi, Director for Delivery, Performance Management and Results at the Bank.
The Bank has worked intensively through its presence in 41 countries to get its operations closer to its clients, respond more effectively to the needs of countries, and better manage its operations.
The Covid-19 global pandemic’s growing foothold across Africa is shifting governments’ priorities. These projects and the Bank’s new Covid-19 Rapid Response Facility will support African countries and businesses through the crisis.
Click here to read the full report.
Eight Players of Nigerian Descent Selected in NBA Draft 2020
November 20, 2020 | 0 Comments
13 international players from 10 countries were selected: seven in the first round and six in the second round.
NBA Draft 2020 Presented by State Farm® was held virtually on Wednesday, Nov. 18 from ESPN’s studios in Bristol, Connecticut and reached fans in 215 countries and territories in 29 languages. The Minnesota Timberwolves made the first pick for the second time in franchise history, selecting Georgia’s Anthony Edwards. The Golden State Warriors picked second (Memphis’ James Wiseman) for the first time in the common draft era. The Charlotte Hornets picked LaMelo Ball from Australia’s NBL third overall.
13 international players from 10 countries were selected: seven in the first round and six in the second round. Precious Achiuwa was selected 20th overall by the Miami Heat and Udoka Azubuike was selected 27th overall by the Utah Jazz, marking the first time that two players from Nigeria were selected in the first round of the same NBA Draft. Achiuwa and Azubuike are among the eight draftees from or with at least one parent from Nigeria, including Isaac Okoro (5th overall by the Cleveland Cavaliers), Onyeka Okongwu (6th overall by the Atlanta Hawks), Zeke Nnaji (22nd overall by the Denver Nuggets), Desmond Bane (30th overall by the Boston Celtics), Daniel Oturu (33rd overall by the Minnesota Timberwolves) and Jordan Nwora (45th overall by the Milwaukee Bucks).
Isaac Okoro: “It feels great to be the first Nigerian in this draft to be drafted. It’s also just a blessing. Like you said, my mom always tells me to keep that Nigerian pride. Even though I wasn’t born in Nigeria, I still got Nigerian blood. So it’s just having that on my shoulders.”
Precious Achiuwa: “First I want to thank God. I want to thank God for putting me in this type of position where I’m playing for a great organization and able to represent not just myself but where I’m from, my whole country behind me, my whole city. And to play for an organization like the Heat is going to be amazing. I can’t wait to be able to get out there and compete with the rest of my teammates.”
Udoka Azubuike : “For me, I’ve just been working hard and keeping my head down. Not listening to the people talking about projections. A lot of people had me in the second round, but I wasn’t concerned about that. I know what I bring to the table. I know what I can bring to a team. I know whatever team drafted me, I’m going to have to go there and have to prove myself and work hard.”
Below please find storylines about the international players selected in NBA Draft 2020 and in the NBA. Transcripts of Zoom media availability sessions with players selected in tonight’s NBA Draft are available at this link: . For the attached photos, please credit NBAE/Getty Images.
International Players Selected in NBA Draft 2020 Presented by State Farm®:
- Killian Hayes (France; born in Lakeland, Fla.; ratiopharm Ulm) was selected 7th overall by Detroit Pistons , becoming the highest-drafted French player ever. Hayes was named an All-Star at two Basketball Without Borders (BWB) Global camps as part of NBA All-Star 2018 and 2019 and becomes the ninth former BWB camper to be drafted in the top 10 in the last five years. There were eight French players on 2019-20 opening-night rosters.
- Deni Avdija (Israel; Maccabi Tel Aviv) was selected 9th overall by the Washington Wizards , becoming the highest-drafted Israeli player ever and just the second Israeli player to be drafted in the first round (Omri Casspi, 23rd overall in 2009). Avdija was named MVP of Basketball Without Borders Europe (BWB) 2018 and BWB Global 2019 and becomes the 10th former BWB camper to be drafted in the top 10 in the last five years. Avdija’s father, Zufer, won a bronze medal with Yugoslavia at the 1982 FIBA Basketball World Championship and played professionally in Serbia and Israel. His mother, Sharon Artzi, is a former championship runner.
- Aleksej Pokuševski (Serbia; Olympiacos) was selected 17th overall by the Minnesota Timberwolves, becoming the highest-drafted Serbian player since Darko Miličić, (2nd overall in 2003) and the fourth Serbian player to be drafted in the first round in the last 15 years. Pokuševski participated in Basketball Without Borders Europe 2018 in Belgrade, Serbia alongside fellow 2020 draftee Deni Avdija (9th overall by the Washington Wizards; Israel). There were six Serbian players on 2019-20 opening night rosters, the fifth most of any country outside the U.S.
- Josh Green (Australia; University of Arizona) was selected 18th overall by the Dallas Mavericks, becoming the highest-drafted Australian player since Ben Simmons (1st overall in 2016) and the seventh Australian to be drafted in the first round. Green was named an All-Star at Basketball Without Borders Global 2018 and participated in the 2018 NBA Global Camp in Treviso, Italy alongside fellow 2020 draftees Killian Hayes and Theo Maledon (France).
- Precious Achiuwa (Nigeria; University of Memphis) was selected 20th overall by the Miami Heat, becoming the third Nigerian player to be drafted in the first round since 2000. There are 10 current and former NBA players from Nigeria, tied with Senegal for the most of any African country. There are more than 90 current and former NBA players from Africa or with direct family ties to the continent, including 13 African-born players on 2019-20 opening-night rosters.
- Leandro Bolmaro (Argentina; FC Barcelona) was selected 23rd overall by the New York Knicks, becoming the highest-drafted Argentinian player ever. Bolmaro participated in Basketball Without Borders Americas 2017 and Basketball Without Borders Global 2018 , where he was named an All-Star alongside fellow 2020 draftees Killian Hayes (7th overall by Detroit Pistons; France) and Josh Green (18th overall by the Dallas Mavericks; Australia). In March 2018, Bolmaro joined top prospects from the league’s NBA Academies at Next Generation Sunday at the NCAA Men’s Final Four in San Antonio , where he participated in educational and life-skills sessions, competed against peers from around the world, and experienced aspects of the Final Four from a player’s perspective, including attending Final Four semifinal games. Prior to the event, he spent a week training at NBA Academy Latin America in Mexico City alongside top prospects from across the region.
- Udoka Azubuike (Nigeria; University of Kansas) was selected 27th overall by the Utah Jazz, marking the first time that two players from Nigeria were selected in the first round of the same NBA Draft (Precious Achiuwa was selected 20th overall by the Miami Heat).
- Théo Maledon (France; ASVEL) was selected 34th overall by the Philadelphia 76ers. Maledon participated in the 2018 NBA Global Camp in Treviso, Italy alongside fellow 2020 draftees Killian Hayes (France) and Josh Green (Australia).
- Vit Krejčí (Czech Republic; Casademont Zaragoza) was selected 37th overall by the Washington Wizards, becoming the first player drafted from the Czech Republic since Tomas Satoransky (32nd overall in the 2012). Krejčí participated in Basketball Without Borders Europe 2017 and Basketball Without Borders Global 2018 .
- Nick Richards (Jamaica; University of Kentucky) was selected 42nd overall by the New Orleans Pelicans, becoming the highest-drafted Jamaican player since Rumeal Robinson (10th overall in 1990) and the first Jamaican player drafted since Jerome Jordan (44th overall in 2010).
- Marko Simonović (Montenegro; Mega Soccerbet) was selected 44th overall by the Chicago Bulls.
- Yam Madar (Israel; Hapoel Tel Aviv) was selected 47th overall by the Boston Celtics, marking the first time that two Israeli players were selected in the same NBA Draft (Deni Avdija was selected 9th overall by the Washington Wizards , becoming the highest-drafted Israeli player ever).
- Nico Mannion (Italy; University of Arizona) was selected 48th overall by the Golden State Warriors, becoming the highest-drafted Italian player since Danilo Gallinari (6th overall in 2008). Mannion was born in Italy and holds dual citizenship. His father, Pace, played in the NBA and the Italian League. His mother, Gaia, was a professional volleyball player in her native Italy.
International Players in the NBA:
- There were 108 international players from 38 countries and territories on 2019-20 opening-night rosters (press release from 10/22/19 linked here.
- The 2019-20 season was the sixth consecutive season that opening-night rosters featured at least 100 international players.
- Canada had the most NBA players of any country outside the U.S. for the sixth straight year with 16 players (Australia and France had nine each).
- The Dallas Mavericks led the league with seven international players on 2019-20 opening-night NBA rosters.
- A record six international players were named to a 2019-20 All-NBA Team: Giannis Antetokounmpo (Milwaukee Bucks; Greece; All-NBA First Team); Luka Dončić (Dallas Mavericks; Slovenia; All-NBA First Team); Nikola Jokić (Denver Nuggets; Serbia; All-NBA Second Team); Pascal Siakam (Toronto Raptors; Cameroon; All-NBA Second Team); Rudy Gobert (Utah Jazz; France; All-NBA Third Team) and Ben Simmons (Philadelphia 76ers; Australia; All-NBA Third Team).
Niger’s Minister of Petroleum Makes Prestigious top 25 Africa Energy Chamber Movers & Shakers List
November 20, 2020 | 0 Comments
|This highlights the growing importance of Niger as an oil producer in Africa.|
Niger’s Minister of Petroleum Foumakoye Gado was named by the African Energy Chamber this week as a top 25 leader to watch for 2021. This highlights the growing importance of Niger as an oil producer in Africa. Every year, the Chamber recognises 25 individuals who are set to play a major role in the development of the African oil & gas and energy sectors in the coming year. These leaders have demonstrated effectiveness in enabling major projects to be realised, and are expected to play a key role in the transformation of the oil and gas in their countries or the region.
Niger remains one of Africa’s most attractive onshore energy frontiers, significantly de-risked by previous exploration programmes carried out by Chinese operators. Niger holds 150m barrels of proven oil reserves and this figure is likely to increase with more exploration in the coming years. The ongoing construction of the $4.5bn Niger-Benin oil export pipeline will be opening up a new route to monetize such reserves and could result in a profound transformation of Niger’s economy by as soon as 2025. The pipeline has a capacity of 90,000 barrels per day (bpd) and could catapult Niger’s overall daily production from currently over 20,000 bpd to 110,000 bpd.
Minister Gado’s nomination is also in response to his efforts in securing FID for the all-important pipeline, and overseeing London-based Savannah energy’s exploration success with five discoveries from five exploration wells drilled. The minister will therefore be in charge of building the Sahel’s most important oil sector in the coming years, in a region whose economy remains deeply affected by droughts and security concerns.
Future developments will be closely watched globally as International Oil Companies seek to understand the viability of the sector in a region that has seen little oil and gas activity in the past. The minister shall be responsible for shaping the industry in the country, in terms of local content regulation, attracting international service companies who have till date been absent in Niger’s oil and gas sector and ensuring that Nigerians benefit from the industry in terms of jobs, training and other derivatives that the sector is expected to bring.
*African Energy Chamber
USAID TO LAUNCH NEW, CONTINENT-WIDE PROSPER AFRICA PROGRAM IN TRADE AND INVESTMENT
November 19, 2020 | 0 Comments
Today, U.S. Agency for International Development (USAID) Acting Deputy Administrator John Barsa announced a brand new, continent-wide Prosper Africa program in trade and investment. Worth up to $500 million over five years, subject to the availability of funds, this flagship program will offer new and expanded support services to increase two-way trade and investment between Africa and the United States substantially. For every $1 of public funding, Prosper Africa is expected to leverage more than $9 in private investment, which will deliver billions of dollars in exports and investments and create hundreds of thousands of African and American jobs by 2026.
This is not just a new program; it is a new way of doing business that will dramatically expand the investment by the United States in Africa’s growth by harnessing private-sector resources and innovation. With Prosper Africa, the U.S.-Africa relationship is evolving from an aid-based focus to a true partnership in trade and investment—based on dignity, equality, mutual respect, and profitability. By connecting U.S. and African companies with new business opportunities, we will create jobs, drive growth, and foster shared prosperity.
USAID’s new program, which will launch in early 2021, will advance the goals of the U.S. Government’s Prosper Africa initiative by increasing trade, driving investment, and supporting healthy business climates. Through a continent-wide approach, with satellite offices that will support North and sub-Saharan Africa, this new program will provide well-coordinated services aligned with private-sector needs. It will complement the U.S. Government’s other tools for trade and investment through customized services – from business consulting and transaction-facilitation to targeted policy interventions.
Prosper Africa is the U.S. Government’s initiative to increase two-way trade and investment between Africa and the United States substantially. The initiative mobilizes all of the U.S. Government’s support services for trade and investment, across 17 participating federal departments and agencies, to help U.S. and African businesses and investors identify partners, advance opportunities, and close deals. The pre-solicitation for the new USAID-funded program is available here.
World Toilet Day 2020: In the midst of a global COVID-19 pandemic, increased toilet hygiene awareness more important than ever
November 19, 2020 | 0 Comments
By Wambui Gichuri*
This year’s World Toilet Day observance comes in the midst of COVID-19. The gravity of the COVID-19 pandemic’s global spread heightens awareness about the important health benefits of appropriate toilet hygiene across Africa. Never has this been more pertinent than as we observe World Toilet Day.
While promising results on the vaccine front are underway, a primary effective, preventive measure against the disease is basic handwashing with soap. Everyone must have sustainable sanitation, alongside clean water and handwashing facilities, to help protect and maintain our health security and stop the spread of deadly infectious diseases such as COVID-19, cholera and typhoid, among others.
The effects of this behavior change in hygiene practices will take some time to quantify. According to the British medical journal, the Lancet, handwashing practices in Africa have improved tremendously since the outbreak of COVID-19, with access to handwashing stations noticeably increasing in community centers, schools, markets, bus terminals, and other public spaces in rural and urban areas.
The Bank’s water, sanitation and hygiene (WASH) interventions across the continent have emphasized the importance of basic sanitation, as well as the health, economic, and environmental benefits that communities gain from it. In the fight to curb the spread of COVID-19, the Bank is ramping up these messages and the funding to expand the impacts of WASH programs.
In Africa, 60% of the population – about 715 million people – still don’t have access to basic sanitation, according to a Joint Monitoring Report from the World Health Organization and UNICEF. To address these water and sanitation challenges, the Bank has invested $6.2 billion over the last decade toward promoting universal and equitable access to safe and affordable drinking water, as well as to improved sanitation. An estimated 52 million people gained access to improved water supply and sanitation services due to these investments. Over the next 12 years, the Bank’s water sector investments aim to provide an additional 154 million people with these services across Africa. We are also advocating for more private sector participation as an option for sustainable management and financing of water services.
The Bank and the African Water Facility in 2019 launched the development of the African Urban Sanitation Investment Fund, an initiative to promote innovation and inclusive sanitation services for sub-Saharan Africa’s urban inhabitants. The Bill and Melinda Gates Foundation is supporting the development of the initiative. It seeks to accelerate the pace of achieving Target 6.2 of the Sustainable Development Goals for sanitation in African
countries by fostering citywide inclusive sanitation, focusing on the poor and providing safe access to women and girls.
The African Water Facility has promoted innovative urban sanitation projects focusing on low-income groups and disseminated knowledge products on acceptable practices across Africa.
One particular success is the Bank co-funded “Toilets for All” project in Sokode, Togo. The small town of 100,000 people located 350 kilometers outside the capital, Lome, applied innovation and microcredit facilities to improve and expand sanitation services.Completed in 2018, the project constructed 688 private toilets in Sokode, thereby increasing access to improved sanitation by 6%. The African Water Facility funded $1.4 million out of its total cost of $1.88 million. A community-based microcredit system provides household toilet installation services to this day.
The program also acquired a truck for safely emptying fecal sludge from on-site sanitation technologies, like septic tanks and transporting the sludge for treatment, use, or disposal. Neighborhood committees operate an installment payment program for eligible residents to pay for fecal sludge services.
The project’s new sludge treatment plant converts waste into fertilizer, which is sold to farmers. The plant also shares its solar-powered pumped water supply system with a neighboring village that previously had no access to potable water.
The Toilets for All initiative is making a difference in the lives of our people, and it is an example of the meaningful, community-centered and inclusive sanitation and fecal sludge management development that we are scaling up through funding and advocacy across Africa.
So as we mark World Toilet Day amidst the COVID-19 pandemic, the Bank is urging its African member governments and development partners to make greater efforts to provide access to adequate sanitation and hygiene for all, and for an end to open defecation in Africa by 2030.
*Wambui Gichuri is the African Development Bank’s Acting Vice President for Agriculture, Human and Social Development and also holds the position of Director for Water Development and Sanitation. She oversees the Bank’s water sector program of over $4.5 billion, covering 44 countries and multinational projects.
Round Table for the Financing of CEMAC Integration Projects – Paris, 16 & 17 November 2020
November 19, 2020 | 0 Comments
|CEMAC takes up the Challenge and Mobilizes 3.8 Billion Euros to Finance Integration Projects in the CEMAC zone.|
After two days spent in Paris meeting with representatives of the French Government, heads of community institutions, representatives of international institutions, donors and private investors, CEMAC can boast of significant economic success.
Under the leadership of HE Mr. Clément MOUAMBA, Prime Minister, Head of Government of the Republic of Congo, the institution has succeeded in raising 3.8 billion euros to support the financing of integration projects for the economic development of the region.
Organized by the Economic and Monetary Community of Central Africa (CEMAC) under the very high patronage of HE Mr. Denis SASSOU N’GUESSO, President of the Republic of Congo, President dedicated to the Economic and Financial Reform Program of CEMAC (PREF-CEMAC), represented by HE Mr. Clément MOUAMBA, Prime Minister, Head of Government of the Republic of Congo, the round table on the mobilization of financing for integration projects of CEMAC, was held on November 16 and 17, 2020 in Paris.
Due to the COVID-19 pandemic, the round table took place in a hybrid format with 60 participants present, and more than 400 video conference participants over both days.
The objective of this round table was to mobilize donors and private investors to raise funds for the effective implementation of eleven (11) integration projects in the CEMAC zone, which specifically focus on: facilitation of transport and trade, production and interconnection of electricity and communications networks, the common market and economic diversification, and human capital.
At the opening of the ceremony, the opportunities of the CEMAC zone and the importance of the implementation of integration projects for the strengthening of regional integration and the acceleration of the diversification of economies were reminded by Prof. Daniel ONA ONDO, President of the CEMAC Commission.
BDEAC, ADB, BADEA and other CEMAC partner institutions welcomed the initiative and expressed their commitment to support the implementation of projects, while emphasizing on the potential of the CEMAC zone.
The speeches were completed by the intervention of HE Mr. Clément MOUAMBA, Prime Minister, Head of Government of the Republic of Congo, who declared the workshop open and expressed his gratitude and that of all the populations of CEMAC to the French people and their authorities who, despite the international environment marked by the COVID-19 pandemic, have exceptionally agreed to authorize the organization of this meeting on French territory. The day ended with a session dedicated to PPPs during which six private institutions (Club PPP, Meridiam, STOA, Fidal, Olam and Sogea Satom), champions in their field, shared their experiences and success stories of PPPs in Central Africa. The IDB also made a presentation on Islamic finance (SUKUK) as an important mode of financing structuring and integrating projects.
The second day mainly focused on B to B exchanges between Ministers, donors and economic institutions on the specific characteristics of certain projects, the issue of foreign exchange regulations and the financial environment in CEMAC, and details of the intentions and modes of donor funding. The Governor of BEAC had an enriching exchange with donors and private investors on the regulation of trade and the financial environment in CEMAC. The President of BDEAC also examined with partners their intentions and modes of financing.
During the two days of the event, several panels bringing together directors of bilateral and multilateral agencies, government authorities and representatives of economic institutions in the area, took place one after the other.
The Ministers of the CEMAC countries made detailed presentations on the eleven (11) projects, presenting the content, objectives, financial evaluations, modes of financing and expected results of each of these projects.
Out of a need for 3.4 billion euros expressed, 3.8 billion euros were mobilized with the support of Afreximbank, BDEAC, the African Development Bank, the World Bank group, the Scandinavian Chamber of Commerce and SX Capital Holdings. The financing of 8 out of 11 projects has been fully completed.
“This round table has had the undeniable merit of taking CEMAC a further step forward on the road to providing it with the infrastructure necessary for its development,” said H.E. Gilbert Ondongo, Chairman of the Steering Committee of PREF-CEMAC, Minister of Economy, Industry and Public Portfolio of the Republic of Congo.
To read the full version of the final press release: click here
*SOURCE CEMAC (Economic and Monetary Community of Central Africa)
African Energy Chamber (AEC)’s Latest Top 25 Movers & Shakers Watch List 2021 Shows Strong Women Leadership in Energy
November 19, 2020 | 0 Comments
The latest list released this week by the Chamber demonstrates the growing role played by women in the fight against energy poverty.
The number of women within the African Energy Chamber’s Top 25 Movers & Shakers Watch List has made a significant jump from 3 to 8 between 2020 and 2021. Released annually, the list highlights the government officials, public and private executives whose work and decisions can profoundly impact the way Africans access and consume energy.
The latest list released this week by the Chamber demonstrates the growing role played by women in the fight against energy poverty, not only from the ground but also from African and global boardrooms where their leadership and decisions are shaping up the future of African energy.
Across the continent, the Chamber expects several women to make headlines in 2021 through key projects and actions. These notably include Rebecca Miano’s leadership in increasing geothermal production capacity by the Kenya Electricity Generating Company (KenGen), Khadija Amoah’s piloting of the Pecan field development in Ghana, or Ugandan Minister Kitutu’s ability in shaping up the development of an inclusive hydrocarbons industry in Uganda. Further north in Morocco, Amina Benkhadra is spearheading Morocco’s efforts to further develop its natural gas industry in her role as Director General of the National Office of Hydrocarbons and Mines (ONHYM).
Women are also positioning themselves to be at the centre of key financial and investment decisions. Vibhuti Jain at the US International Development Finance Corporation, or Hu XiaoLian at the Export-Import Bank of China, are both overseeing key investment programmes that could significantly support capital inflow into Africa’s energy sector in 2021. The same goes for Heather Lanigan, Regional Director for sub-Saharan Africa at the U.S. Trade and Development Agency (USTDA), which currently supports several important midstream gas and gas-to-power projects in West Africa.
The Chamber continues to believe that building an inclusive and sustainable energy industry that works for every African goes through the hiring and promotion of more women across the value-chain. From engineers to executives, women must be given more opportunities to participate in the continent’s fight against energy poverty. 2021 will tell if they continue to seize such opportunities and become the energy advocates the continent needs.
Malawi court orders release of Prophet Bushiri
November 19, 2020 | 0 Comments
By James Mwala.
The Lilongwe Magistrate Court has ordered the unconditional release of Prophet Shepherd Bushiri and his wife Mary.
Bushiri and his wife had earlier this week surrendered themselves to police following reports that police worked on an order to net them.
But in making a ruling today, Magistrate Viva Nyimba said the arrest of the two was illegal because no arrest warrant was issued.
According to Nyimba, the two have to be released without any conditions because their arrest was illegal.
Earlier on, Bushiri’s lawyer, Wapona Kita prayed for their release because the defense ministry had not issued any warrant so as the justice ministry.
However, State advocate Steve Kayuni asked the court to remand the two for thirty days because they remain a risk.
He said if the two managed to bolt from South Africa, they would have done that with ease in Malawi.
The two are answering theft, money laundering and fraud charges in South.
They astonished people having announced they left South Africa yet their travel documents were seized as part of their bail.
They however said they fled because of security concerns in the rainbow nation.
Earlier today, police seized their R5.5 million property because the two had not availed themselves in court.
The late Kenyan prominent leaders whose alleged lovers/wives emerged after their deaths
November 19, 2020 | 0 Comments
By Samuel Ouma
It has become a tendency that whenever a renowned man dies in Kenya, there must be a woman who appears claiming the deceased was either his lover or husband.
Late MP Justice Murunga
The recent case involves the late Matungu lawmaker Justus Murunga and alleged lover Agnes Wangui. The MP’s burial has been put on hold by a Nairobi court pending the hearing of an application by Agnes Wangui, who claims to be his lover.
Wangui said she had known the deceased in her legal suit since 2012, and they have two children out of their romantic relationship. She had asked the court to force Murunga’s family to include her and the children in the two-term legislator’s burial arrangements.
“I have known Murunga for seven years. Our first encounter was in 2012 when he was a supervisor at Embakasi ranching, while I was a businesswoman engaged in vendition of beverages and snacks within Sewerage area, Ruai,” read part of the legal suit.
Wangui had also asked the court to order for a collection of DNA samples from the MP and minors for comparison and to establish their paternity, a request which was granted.
Through her barrister Danstan Omari, she asked the court to order Lee Funeral Home to preserve Murunga’s remains until licensed pathologists appointed by both parties take samples for the DNA tests.
The case will be heard on November 26, 2020.
The MP was reported to have collapsed at his home and was rushed to St.Mary’s Hospital in Mumia, Western of Kenya, where he breathed his last on arrival over lack of oxygen supporting machines in the hospital.
Late MP Ken Okoth
On July 26, 2019, death denied Nairobi’s Kibera slum residents one of the best performing lawmakers in Kenyan history. The opposition MP succumbed after a long battle with colorectal cancer at The Nairobi Hospital. Kenyans described Ken as a visionary and exceptional leader whose commitment to his duty as Kibera MP was exemplary.
However, something peculiar transpired; a Nairobi nominated Member of County Assembly (MCA) Anne Thumbi emerged with his five-year-old son claiming to be Ken’s second wife. The woman wanted his son to be recognized in his ‘father’ will.
Nairobi Governor Mike Sonko threw his weight behind Thumbi bravely, stating that she was Ken’s second wife.
” I would like to confirm rumours appearing in the press and on social media that Ken had a second wife. In 2013, the late Ken invited Sonko Rescue Team to run a medical camp in his constituency and in the team there happened to have been a pretty nurse known as Ann Thumbi with whom they later sired a son,” reiterated Sonko.
After push and pull between Ken’s European widow Monica Okoth and Ann Thumbi, the duo agreed that the minor was the MP’s son. The outcome of the DNA test ordered by the court established that the then Kibera MP was the Thumbi’s son’s biological father.
Late Senator Otieno Kajwang’
An angry woman identified as Faith Vivian Otieno on November 21, 2014, stormed the Lee Funeral Home in Nairobi, protesting to be the late Homa Bay Senator Otieno’s legal wife and has a right to view the body and be included in the funeral arrangements.
“I have been married for 19 years to Otieno Kajwang’. Christie, who just completed high school, and Ronnie Odinga Otieno, 19, who is in Kabarak University, have two children.
“Let it be known that I am not his girlfriend but his legal wife. In fact, when she (Rose Kajwang’) was in the UK, I was the one living with Kajwang’,” she said.
Faith revealed that she met late Kajwang’ in 1990, noting that they officially got married in 1933 after the deceased paid 12 cows and Sh60,000.
“He just stopped me on the streets and we struck a conversation. He was a young lawyer back then who had nothing but ambition. At the time, I had just started a business which was picking up well. He later informed me that he was formerly married, but that his wife had left him and, therefore, he was single and searching. He was witty, and I fell for him,” she said.
Even though she attended the late Senator’s requiem mass and burial, but was not mentioned by the speakers who sent their condolences to Kajwang’s family and children.
Sad for the Kenyan political fraternity! Covid-19 strikes again
November 19, 2020 | 0 Comments
By Samuel Ouma
The political class is yet mourning also following the death of Samwel Karanja, Nakuru’s London Ward Member of County Assembly (MCA).
MCA Karanja was reported to have succumbed to suspected Covid-19 in a Nakuru hospital.
Nakuru Governor Lee Kinyanjui confirmed his demise. The county boss eulogized the MCA as a sincere person who worked tirelessly to improve the lives of the people of his ward.
“The sheng-speaking member was an easy going, likeable leader who had no time for petty disagreements. He was a peacemaker per excellence. At this difficult moment of sorrow, our hearts and prayers go to his family, friends and constituents,” he noted.
Karanja is the second MCA to pass on in a span of five days after his Mombasa counterpart Mohammed Hatimy died on November 14.
Hatimy, a nominated MCA and Mombasa Orange Democratic Movement (ODM) party chairman, succumbed at the Intensive Care Unit of Mombasa Hospital on Saturday at 3 am according to Mombasa County Assembly speaker Ibrahim Khatri.
“He had initially tested positive for Covid-19, but he later tested negative. However, the lungs were badly affected and he was taken to the ICU, where he died this morning,” confirmed the speaker.
Kenya is also mourning Matungu Member of Parliament (MP) Justus Murunga, who also died on Saturday night, November 14, 2020.
The 60-year-old MP breathed his last after developing breathing complications at St. Mary’s Hospital in Mumia, western Kenya.
Legislator Murunga was one of the deputy president William Ruto’s allies who were in the forefront in arranging political meetings in the region, defying the coronavirus restrictions put in place.
Political leaders have been accused of defying government directives on containing the novel virus by holding political rallies, not wearing masks, and not observing social distance.
ACBF, ACFTA Promise to Hit the Ground Running Come 2021
November 19, 2020 | 0 Comments
By Nevson Mpofu Munhumutapa
This is time for Africa to rise and shine despite the threat of covid-19. In revitalizing African Economies post this pandemic, the continent must have a focus on diversifying exports, accelerating growth, increase intra-Africa Trade, attract foreign direct investments and create jobs.
Professor Emmanuel Nnadozie African Continental Free Trade Area Secretary General puts it straight addressing delegates linked to the 7th Africa Capacity Building Foundation On-Line Conference which started on 18 November ending 19 November. The theme of the conference is – ‘’Implementing the AFCFTA Agreement—Assessing Country readiness and Implications for Capacity Building’’.
Professor Nnadozie adds that through value addition and building better for sustainable development Africa has the potential to withstand various challenges already encountered like covid-19.
‘’Let us put AFCFTA [African Continental Free Trade Area on Track. We hit the ground running by 2021. Therefore, it is vital now to diversify exports, accelerate growth, increase Intra-Africa Trade, attract foreign direct investment and finally create jobs ‘’.
‘’ It is vital therefore to accelerate implementation of bright policies for Africa’s economic growth and development at continental level. It is important as well for the African continent to deliver promises so as to keep hooked, trusted by our stakeholders globally in trade and commerce.
‘’This is the platform for African think-tankers and stakeholders to take chance of wide opportunities post covid-19 in 2021. We need therefore to address capacity challenges in light of covid-19’’, he sets the discussion in continuation.
Giving an added voice Professor Benedict Okey Oramah President and Chairperson of the Board of Directors at Afrexim-Bank was represented by Hoppolyte Fofack- Chief Economist and Director, Research and International Co-Operation Deparmentt at Afrexim-Bank said AFCFTA has full potential to boost African Trade for better Economies in the future.
‘’Africa has the potential despite challenges that we have faced. Let us fight climate shocks, address tightening current challenges like covid-19 and those in the future likely to drag us back-wards.’’ In precise he puts his quote.
Professor Kevin Chika Urama Senior Director at the African Development Institute of African Development Bank pointed out on policy development and implementation meant to foster economic growth, building better on covid-19 and climate shocks.
‘’This is a clarion for Africa to work out on policy development and implementation so as to build better Africa post-0covid-19. This conference comes at a time we are moving towards a breakthrough 2021 through hard work’’, he straightened his point.
African States were recommended to make AFCFTA a reality through exploration of critical determinants of country readiness in implementation of it at continental and country level. It is also on the move to build more capacity of frontline state actors and institutions to drive AFCFTA implementation.
ACBF is the specified Agency if AFCFTA .. ACBF has its head-quarters in Accra Ghana while AFCFTA Head-Offices are in Harare , Zimbabwe .