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.
British Prime Minister, African leaders urge investors to accelerate economic role on the continent
January 20, 2020 | 0 Comments
London, United Kingdom, 20 January 2020 – UK companies must leap at the chance to deepen economic ties with Africa, a continent with unmatched investment opportunities, several African leaders said at a high-level panel.
At an oversubscribed opening ceremony for the 2020 UK-Africa Investment Summit, Monday, attended by dignitaries and delegates from 16 African leaders, including President El Sisi of Egypt, British Prime Minister Boris Johnson made the case for bigger investments in Africa and called for increased and renewed partnership between the UK and Africa
Referring to Africa as a booming continent with “staggering levels of growth,” Prime Minister Johnson said: “Look around the world today and you will swiftly see that the UK is not only the obvious partner of choice, we’re also very much the partner of today, of tomorrow and decades to come,” he said in his opening address.
The UK-Africa Investment Summit, the first of its kind hosted by the UK Government, was attended by foreign secretary, Dominic Raab, the international development secretary, Alok Sharma, and Prince Harry.
The President of Ghana, Nana Akufo Addo, of Kenya, Uhuru Kenyatta, of Mauritania, Mohamed Ould Cheikh el Ghazouani, African Development Bank President Akinwumi Adesina, and Secretary of State for International Development, MP Alok Sharma, addressed a plenary panel discussion on ‘Sustainable Finance and Infrastructure – Unlocking the City of London and UK financial services for growth in Africa.’
President Kenyatta who rang the opening bell at the London Stock Exchange (LSE) marking the launch of Kenya’s first green bond at the LSE, made the case for innovative and sustainable investments in energy infrastructure. “We all must think out of the box in terms of energy…to ensure we produce more green energy. This first-ever sovereign green bond of $41.45 million will be used to build environmentally-friendly student accommodation in Kenya.”
Responding to a question about UK-Ghana partnerships, President Nana Akufo-Addo said in a world where Africa’s wealth is undisputed, “the City of London can play a significant role in bridging Africa’s huge infrastructure gap… and LSE can be a pivot in the new relationship with the continent. Indeed, 1 in 4 consumers will live in Africa by 2030,” Akufo-Addo said.
African Development Bank President Akinwumi Adesina announced a new $80 million Bank-DFID infrastructure financing partnership.
According to Adesina, the continent’s $68-$108 billion infrastructure investment gap per year is massive, but it depends on how you look at it. “Either the cup is half empty or half empty. To us, that is a $68-$108 billion opportunity.”
Adesina added, “The issue of risk in Africa is exaggerated. The risk of loss is lower than Latin America. Yet, funds are not being channeled into Africa. “There are $8 trillion of assets under management in London, but only 1 percent is invested in Africa.”
The Bank president urged investors to look to Africa and recalled the achievements of the Africa Investment Forum – a game-changing initiative led by the African Development Bank and key partners, to accelerate investment in the continent. The unique multi-sector platform is designed to advance bankable deals to financial closure. Deals valued at $40.1 billion secured investment interest in 2019 during the three-day event, which took place in Johannesburg, South Africa.
President Mohamed Ould Cheikh el Ghazouani of the Islamic Republic of Mauritania, sharedopportunities offered by the blue ocean economy and substantial reforms currently under way to attract foreign investors.
“We have reinforced security along our coasts. Other measures include the establishment of a Council on Investment. These huge efforts are showing tremendous results and it is giving comfort to investors,” he noted.
The African continent is home to eight of the 15 fastest-growing economies in the world. By 2020, 42% of the world youth will be African and by 2030, will constitute an incredible workforce and potential consumers.
In his concluding remarks, UK Secretary of State of for International Development, MP Alok Sharma expressed confidence in the continent. “Africa has a fabulous future.” Sharma announced five partnerships to mobilise private sector investment in quality infrastructure on the continent. “The City of London can play a role in mobilizing resources for Africa,” Sharma said.
Speaking earlier, Prime Minister Boris Johnson made a major announcement on the UK’s policy on climate change.
“From today, the British government will no longer provide any new direct development assistance for thermal coal mining or coal power plants overseas,” Johnson said.
The declaration aligns with the African Development Bank’s green agenda aimed at increasing investment in renewable energy. President Adesina announced last year at the UN General Assembly that the Bank was moving away from investing in coal.
Telecel Zimbabwe adopts five year strategic plan to address recapitalisation issues
January 20, 2020 | 0 Comments
By Wallace Mawire
Telecel Zimbabwe (Pvt) has revealed that it has formulated and adopted a five year strategic plan to address recapitalisation issues affecting the company.
The company has revealed that it would like to assure all its stakeholders and customers, that while the it is facing some challenges, the company is not on the brink of collapse and continues to offer quality service to its customers.
It is reported that like all other local organisations, Telecel Zimbabwe’s operations have been affected by a host of factors, both macro and micro economic, but attributed mainly to limited funding for the company over a long period of time, in the face of challenging economic conditions in Zimbabwe.
It is reported that specifically, rapid depreciation of the local currency and the levels of tariffs increases approved, which continue to lag behind inflation, have affected the ability to meet the foreign currency denominated obligations, especially spares for equipment and Service Level Agreements and support.
It is added that this limited vendor support has resulted in some network disruptions during the festive season, which have since been rectified.
The company says that in order to mitigate the challenges, the company has been on a very aggressive import substitution and local skills transfer initiative.
It is areported that the company’s main switching centres are in the industrial area and have been subjected to prolonged power outages which have resulted in the company’s technology operating costs ballooning due to the use of alternative power, particularly diesel, and has in turn affected base station availability in other parts of the country.
“The Company is in advanced discussions with the power authorities and government officials in the ministry of Energy to ensure a dedicated power line to the switching centres and in addition the company is investing in alternative power solutions such as Tesla solar batteries for its base stations,” the company said in a statement.
It is added that the company and other industry stakeholders continue to engage all the relevant authorities to ensure that the tariffs are adjusted in line with the cost movement of other basic operational costs.
It is added that the Telecel board and shareholders are aware of the ongoing challenges.
It is added that the finalisation of all outstanding financial statements is on course and it will open avenues for new funding from financial institutions.
It is reported that the business continues to focus on ensuring that it offers the most affordable service to its customers in light of the depressed consumer disposable incomes.
Kenyan bank to spend million dollars on needy students’ education
January 20, 2020 | 0 Comments
By Samuel Ouma|@journalist_27
Co-operative Bank of Kenya has announced that it will pay school fees to over 600 needy and gifted form one students.
According to the Bank’s Managing Director Gideon Muriuki, the institution has set aside $1.55 million for the programme under the Co-operative Bank Foundation Scholarship Scheme in 2020. Mr. Muriuki revealed that 420 beneficiaries have been identified by the bank’s Regional Delegates’ Forums and the remaining scholarships were awarded to 5 students per county across the country which brings the total number of beneficiaries to 655. The scholarship with cater for their secondary education.
1,088,986 students sat for 2019 Kenya Certificate of Primary Education (KCPE) and all of them are expected to join form to pursue their secondary education latest by January 24 in line with the government’s new policy of 100 per cent transition from primary to secondary school.
Announcing KCPE results in November last year, Kenya’s Education Cabinet Secretary Prof. George Magoha warned parents against failing to take their children to school.
He said, “We shall go after parents and they will tell us why the children are not in school. If we find the children, we will take them to school ourselves and we will do if forcibly.”
“We will go for parents of children who have been married off and forcibly take the children to school to ensure that all class eight candidates transit to secondary school,” added the tough-talking Magoha.
The 100 per cent transition may not be realized going by the reports by the local media of poverty stricken students whose parents cannot afford secondary school fees. Many students are yet to report to their respective schools as the deadline looms.
Zimbabwe Civil Society Organisations Scaling Up Nutrition Alliance calls on govt to make SMART commitments in preparation for the 2020 Japan Nutrition for Growth summit
January 20, 2020 | 0 Comments
By Wallace Mawire
Zimbabwe Civil Society Organisations Scaling Up Nutrition Alliance (ZCSOSUNA) formed in July 2013 with the aim of providing a platform for Civil Society Organisations (CSOs) in Zimbabwe to contribute to the global Scaling Up Nutrition (SUN) initiatives is concerned that there is no substantial report to provide information on the progress that has so far been made on nutrition issues in the country.
According to Kudakwashe Zombe, ZCSOSUNA National Coordinator, according to the Global Nutrition Report 2019, Zimbabwe has made progress in meeting its 2013 commitments but there were challenges in assessing the progress due to language which was not clear and specific and also the tracking systems and capacity to track the progress was poor.
“It is against this background that we as the civil society are calling on the government to seize this perfect opportunity presented by Japan Nutrition for Growth 2020 Summit to make commitments which are Specific, Measureable, Achievable, Realistic and Time-bound (SMART) and rejuvenate the fight against malnutrition,” Zombe said.
The alliance is made up of several international, regional, national and community based organisations and networks working in various areas including nutrition sensitive programs, WASH programs, livelihoods, small-holder farmers, human rights defenders, women’s groups, humanitarian aid assistance agencies, advocacy and research entities, consumer groups and many others.
According to ZCSOSUNA, the year 2020 presents a perfect opportunity for the Zimbabwe government to renew its commitment towards the fight against malnutrition in all its forms.
It is reported that in December this year, governments of several nations with support from the Japan government will convene and take stock of previous Nutrition For Growth (N4G) commitments and the same platform will be used to renew and make new commitments towards improving the nutrition status of citizens.
It is added that the Tokyo N4G summit provides a historic opportunity to transform the way the world tackles malnutrition. The summit signals the beginning of a new race toward a healthier, better-nourished future, a race to end malnutrition in all its forms in all countries and Zimbabwe cannot be left out, according to ZCSOSUNA.
It is added that this comes at a critical time, with only five years to achieve the World Health Assembly targets on Maternal, Infant and Young Child nutrition and 10 years to reach the SDGs.
It is reported that the commitments to be made at the summit will focus on the following core areas, health, food, resilience, promoting data-driven accountability, securing new investment and driving innovation in nutrition.
“As the country’s Civil Society Alliance in Scaling Up Nutrition, we applaud the government of Zimbabwe for making a commitment during the 2013 London Nutrition for Growth Summit, the commitment was aimed at putting nutrition at the centre of the country’s development agenda and making good nutrition one of the top political priorities as a way of facilitating increased domestic financing for nutrition,” Zombe said.
The government has been urged to formulate SMART commitments which are in line with the summit’s core areas namely health, food, resilience, promoting data-driven accountability, securing new investment and driving innovation in nutrition and to periodically report on progress made in honouring the 2020 commitments.
ZCSOSUNA says that good nutrition is a basic need for everyone, everywhere.
The alliance also adds that imagine a world where all women and children have the nutrition they need to live healthy, productive lives, nurturing their families and communities and putting the world on a path towards greater economic prosperity.
It is added that nutrition fuels ambitions such as for children to go to school ready to learn, stay in school, and go on to better jobs. Nutrition fuels health, providing the foundation for the well-being and that of future generations. Nutrition also fuels progress, investing in collective brainpower meaning a more productive workforce and thriving economies.
It is also added that nutrition fuels the Sustainable Development Goals (SDGs), averting malnutrition will help achieve at least 12 of the 17 SDGs and help create a healthy, prosperous, and stable world in which no one is left behind.
ZCSOSUNA says that investing in nutrition is also one of the best buys in global health and development: for every $1 invested in nutrition, $16 is returned to the local economy.
The alliance adds that the Tokyo Nutrition for Growth (N4G) Summit provides a historic opportunity to transform the way the world tackles the global challenge of malnutrition. The Summit continues the N4G legacy and signals the beginning of a new race towards a healthier, better-nourished future, a race towards ending malnutrition in all its forms in all countries.
“This requires ensuring that all people, including the most vulnerable, have access to safe, affordable and nutritious food by 2030, as called for by the SDGs,” ZCSOSUNA said.
Centurion Law Group leads market entry of Turkish Airlines in Equatorial Guinea
January 20, 2020 | 0 Comments
|As part of its mission to open new routes and expand its fleet in 2020, Turkish Airlines has added Malabo, Equatorial Guinea to its route network|
MALABO, Equatorial Guinea, January 20, 2020/ — Pan-African law firm Centurion Law Group (www.CenturionLG.com), leads the entry of Turkish Airlines into Malabo, Equatorial Guinea; Operations on the new route will commence 7 February 2020; The entry of Turkish Airlines into Equatorial Guinea supports the objectives of the Year of Investment Initiative led by the Ministry of Mines and Hyrocarbons.
As part of its mission to open new routes and expand its fleet in 2020, Turkish Airlines has added Malabo, Equatorial Guinea to its route network.
Represented by pan-African law firm Centurion Law Group in its entry into Central Africa, the airline continues to offer more destinations than any other in the world. Operations are set to commence on 7 February 2020, offering the Malabo route three times a week.
“Centurion Law Group is proud to have lead the market entry of Turkish Airlines in Equatorial Guinea. It is yet another show of our commitment to the development of Africa through facilitating strategic deals with positive externalities both in-country and on a regional scale,” said Zion Adeoye, Managing Director at Centurion Law Group. “This particular deal is also of great significance to us as it supports the Ministry of Mines and Hydrocarbons’ objectives as represented in the Year of Investment initiative, which is aimed at directing foreign investment into key industries in Equatorial Guinea,” he added.
“This partnership withTurkish Airlines will open the country up to new opportunities not only in the aviation sector but to other industries as well. It is also another way for Equatorial Guinea to attract new business and investment while offering the people of Equatorial Guinea a direct route to the beautiful country of Turkey,” Santiago Olo Lima, Director at Centurion Law Group, Equatorial Guinea. “Our partnership truly speaks to the direction Africa is headed.”
The new service will link to the existing Nigeria, Port Harcourt route and will operate in the rotation: Istanbul – Port Harcourt – Malabo – Istanbul, building on the airlines’ already attractive logistical positioning.
“We are thrilled to have been part of this, it is a noteworthy achievement for Equatorial Guinea and us at Centurion as it allows us to once again utilize our expertise in the aviation industry,” said Manuel Oliveira, Senior Associate Attorney at Centurion Law Group.
Beyond its oil and gas offerings, Centurion Law Group has been active in Equatorial Guinea’s aviation industry, having previously represented Lufthansa Airlines.
Distributed by APO Group on behalf of Centurion Law Group.
About Centurion Law Group:
Centurion (www.CenturionLG.com) is a pan-African corporate law conglomerate. Operating at the cutting edge of business practices today, Centurion stands ready to provide outsourced legal representation and a full suite of legal services to new, expanding and established corporations.
Across Africa, Centurion provides a service tailored to your operating environment, the nature and structure of your business, your level of risk tolerance, and your overall objectives. Our alternative billing arrangements provide our clients with a greater degree of certainty about their legal costs.
Centurion is committed to the highest ethical standards and we recognize that our firm must take a leadership role in the legal profession in Africa.
Executive appointment: Tarek El Nahas to join Mashreq as Head of International Banking
January 20, 2020 | 0 Comments
Tarek spent 25 years at Citibank, most recently as the Head of Corporate and Investment Banking for North Africa, Egypt and Levant, managing teams across 6 countries in the MENA region
DUBAI, United Arab Emirates, January 20, 2020/ — Mashreq (https://www.Mashreqbank.com/), one of the leading financial institutions in the UAE, has appointed Tarek El Nahas as its new Head of International Banking Group.
Tarek spent 25 years at Citibank, most recently as the Head of Corporate and Investment Banking for North Africa, Egypt and Levant, managing teams across 6 countries in the MENA region. He has held several senior roles in Egypt, Algeria and the UAE and has extensive experience across a wide range of disciplines, including corporate finance, investment banking, derivatives and structured products, commercial banking and corporate banking. Tarek’s wholesale banking experience extended to working with large corporates, financial institutions, sovereigns and the public sector. Tarek has a BA in economics and political science from the American University in Cairo and a MSc in economics from the London School of Economics.
Commenting on the appointment, Ahmed Abdelaal, CEO, Mashreq Bank, said, “I am delighted to welcome Tarek to the Mashreq family. Our legacy has been built upon a commitment to developing our leadership capabilities and as we look to grow our international presence Tarek’s experience will be invaluable.
“Tarek will take over from Jan-Willem Sudmann later this month. Jan played a pivotal role in the success of Mashreq’s international banking story for the last 4 years. We wish Jan good luck and gratitude for his service to Mashreq.”
Tarek El Nahas, added: “I am excited to be joining Mashreq. Mashreq is recognized for innovation and service excellence and with my regional experience, I look forward to collaborating closely with my new colleagues to enhance the banks customer experience and creating further inroads to the international business group for Mashreq.”
One of the UAE’s best performing banks for five decades, Mashreq (https://www.Mashreqbank.com/) is a leading financial institution with an expanding footprint across the Middle East. We have international offices across Europe, Asia, Africa and the US, and a strong presence in all the financial capitals of the world.
As the oldest bank in the UAE, our 51-year old journey can be traced back to humble beginnings in 1967, followed by periods of rapid growth and strategic expansion. Throughout our history, Mashreq has differentiated itself by pioneering new-to-market concepts and launching unique products and services.
Our innovative approach sets us truly apart. It also continues to win us numerous awards and accolades in all the fields of banking we operate in – Digital, Corporate, Retail, International, Treasury and Islamic, and across the multiple banking channels we deploy – mobile, digital, online, traditional and telephony.
Mashreq is proud to be the only institution in the UAE to be awarded the Gallup Great Workplace Award for six consecutive years from 2014 to 2019.
Equatorial Guinea’s Minister of Mines and Hydrocarbons visits the Waltersmith Modular Refinery
January 20, 2020 | 0 Comments
The refinery is on schedule for inauguration in May 2020
MALABO, Equatorial Guinea, January 20, 2020/ — The leadership of Waltersmith Petroman carried out a site visit of the Watersmith Modular Refinery being constructed in southeastern Nigeria with H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea as its guest.
Developed by Waltersmith Petroman Oil in partnership with the Nigerian Content Development and Monitoring Board, the modular refinery embodies Africa’s efforts to generate local value by refining its own oil at home. The refinery is on schedule for inauguration in May 2020, time when its phase 2 will start to boost refining capacity from 5,000 bopd to 30,000 bopd.
The refinery is also a path opener for many Nigerian operators of marginal fields, demonstrating how the exploitation of smaller assets such as Waltersmith’s Ibigwe field can generate value from upstream to downstream and help African nations meet their energy security agenda.
“I am truly impressed by the nature and advancement of this project,” declared H.E. Gabriel Mbaga Obiang Lima during his visit of the site. “I share our industry’s belief that it is high time for Africans to start refining and processing our own crude at home to maximize our energy security, create local jobs and add value to our economies. Creating the right public-private partnerships will be of great benefit to all of countries and business leaders. I salute Waltersmith Petroman for the work they do here.”
Equatorial Guinea is currently rolling out its Year of Investment initiative, which is attracting investment across several projects from upstream to downstream. These notably include a goal of building two refineries on Bioko island and in Bata (Mainland) to serve the domestic and regional market.
During his visit, H.E. Gabriel Mbaga Obiang Lima also confirmed his participation and attendance at the upcoming Nigeria International Petroleum Summit, set to take place in Abuja on February 9-12, 2020.
Equatorial Guinea Speeds Up Year of Investment Drive with Nigerian Investors
January 20, 2020 | 0 Comments
The delegation from Equatorial Guinea met with several Nigerian executives from the Africa Finance Corporation, Polaris Bank, Sterling Bank, First Bank, UBA and Zenith Bank
MALABO, Equatorial Guinea, January 20, 2020/ — In line with its commitment to attract regional capital investment into the country, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea, met with high-level Nigerian investors, bankers and financiers to discuss the opportunities offered by the country’s Year of Investment initiative.
The delegation from Equatorial Guinea met with several Nigerian executives from the Africa Finance Corporation, Polaris Bank, Sterling Bank, First Bank, UBA and Zenith Bank but also captains of the industry such as Simbi Wabote, Executive Secretary of the Nigerian Content Development and Monitoring Board.
Such discussions with all the leading figures who have been a true engine of growth for the Nigerian economy is essential as Nigeria continues to be Africa’s largest economy. Minister Obiang Lima presented key opportunities for them to expand their portfolio by investing in Equatorial Guinea. The Equatorial Guinea delegation also listened to their expectations on investing in Equatorial Guinea, while advising Nigerian businesses on the latest development and opportunities offered to African investors within the country’s rapidly developing oil and mining sectors.
A clear consensus came out of the discussions that only Africans can fully develop Africa while working with other partners coming from Asia, the Middle East, Europe and North America.
“Equatorial Guinea’s mission is to cut the dependence on foreign imports. It is important to boost local entrepreneurship, energy security and using our products to grow the local economy while engaging the regional market,” declared Minister Obiang Lima.
As such, H.E. Gabriel Mbaga Obiang Lima committed to using Nigerian expertise to develop local content in Equatorial Guinea and also work with Nigeria on gas-related matters, oil market stabilization with OPEC, and industry coordination through APPO. “The great relationship that has existed between H.E. President Muhammadu Buhari and H.E. President Obiang Nguema Mbasogo has really opened many doors for us. We don’t take this engagement lightly and we must deliver. More than before, I am optimistic that we are going to have better collaboration and sign deals that will improve the lives of Nigerians and Equatorial Guineans and ensure our relationship reaches new heights,” added H.E. Gabriel Obiang Lima.
In that regard, Minister Obiang Lima confirmed his participation and attendance at the Nigeria International Petroleum Summit, set to take place in Abuja on February 9-12, 2020.
Rwanda diabetes patients receive 12 million test strips support by Abbott
January 18, 2020 | 0 Comments
By Jean d’Amour Mugabo
Rwanda’s diabetes healthcare has got a boost of glucose meters and test strips to advance disease management for people diagnosed with Type 1 diabetes in Rwanda for the next four years.
The donation of glucose meters and around 11.7 million test strips was announced yesterday during a press briefing in Kigali, as a result of a partnership between Rwanda’s Ministry of Health and Abbott through Team Type 1 Foundation.
Glucose meters and test strips are important tools to help people manage their diabetes, however, some living with Type 1 diabetes are unable to afford meters or test strips. The FreeStyle Optium Neo glucose meters and 11,680,000 FreeStyle Optium test strips from Abbott will provide access to ongoing diabetes care in Rwanda. The donation is in partnership with Team Type 1 Foundation, a non-profit organisation pursuing a global mission of education, empowerment and equal access to medicine for everyone affected by diabetes.
Receiving the donation, Dr. Patrick Ndimubanzi, Rwanda’s Minister of State in Charge of Primary Healthcare , said the Government of Rwanda has responded to the global call to tackle the increased burden of diabetes by ensuring improved access and quality of care is delivered at all levels of the health system including primary health facilities close to the population.
“The fight against diabetes and other NCDs is a high priority on the agenda of the Ministry of Health and will continue to work with all our partners to mitigate the impact of this deadly disease,” added the Minister.
Bernard Brisolier, Business Unit Director for Abbott’s diabetes care business in Africa, said “By working together with the Ministry of Health and Team Type 1 Foundation, we will empower thousands of people living with diabetes in Rwanda to monitor their glucose levels and manage their diabetes, which will help them lead healthier and fuller lives.”
“It is a dream come true to receive this donation from Abbott. Since 2010, the Team Type 1 Foundation has been present in Rwanda through the Tour of Rwanda and our work with the Rwanda Diabetes Association. We have seen the will of the people to succeed against the challenges diabetes presents, which is why Team Type 1 has been so dedicated for the past 10 years to advance access to diabetes care in Rwanda,” Team Type 1 Founder and President Phil Southerland said.
Abbott is an active healthcare provider in Africa in general and in Rwanda in particular. Since the beginning of 2019, the company has collaborated with the Ministry of Health and a leading NGO, on a pilot program including the launch of eight second-generation health posts in the Eastern Rwanda’s Bugesera District. The initiative aims at providing primary healthcare services within a 30-minute walk of all Rwandan homes. Health post workers will test and treat people, including pregnant women and new-born children for multiple infectious and non-communicable diseases.
According to the STEPS Survey 2014, Diabetes prevalence in Rwanda is 3 per cent and 2,000 among the patients have type 1 diabetes.
According to the Health Ministry, Rwanda aims to protect her population from morbidity and mortality related to NCDs including Diabetes. This can be achieved through cooperation with different stakeholders at national and international levels.
Rwanda has put in place different measures to fight diabetes. These include community check-up and sensitization for early detection, decentralization and integration of diabetes care to health centre level, health system strengthening through capacity building and development of normative tools, increase of accessibility and affordability of diabetes commodities, medicine and lab tests, inclusion of diabetes care into medical insurance scheme, among others.
Five Southern African Countries Receive Food Humanitarian Aid From European Union.
January 18, 2020 | 0 Comments
By Nevson Mpofu
Five Southern African countries Zimbabwe, Eswathini , Madagascan , Swaziland and Zambia will benefit from the 18,7 million humanitarian aid which will first serve the most affected country Zimbabwe . The aid is directed towards alleviating adverse effects of drought, a result of climate change.
Drought in the Southern African region is a result of floods, less rainfall, lack of inputs leading to Agricultural drought and some other reasons which are basically natural and anthropogenic. Zimbabwe will benefit from the aid resulting in distribution of food to vulnerable affected communities around the country.
According to Janez Lenarcic , EU Commissioner for Crisis Management , Zimbabwe , some Southern African states and the Indian Ocean countries face enormous challenges related to food crisis . This , already known results from effects of climate change which go hand in hand with Elmina and lamina, very less, sometimes very high rains. These rains cause floods which destroy crops resulting in hydrological drought. Sometimes rains are far less, this leading to meteorological drought.
‘’Many poor house-holds in drought stricken communities in Southern Africa and Indian Ocean Region struggle to get food due to crop failure caused by massive and harsh drought conditions . This part of the region is highly prone to floods, disasters and hazards. Failure to receive good rain, reduced water and economic crisis cause a number of challenges’’.
Janez highlights that Zimbabwe is more affected hence why it is getting more aid .The remaining amount will go to other countries mentioned above facing the same challenges. There are almost 12 million people facing drought in Zimbabwe. This is because it is the country that receives below average rainfall annually. .It is also severely hit by floods this resulting in food crisis. Since 2019 EU has given humanitarian aid up to 67, 95 million Euro dollars which is 75, 75 US Dollars.