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Africa’s investment potential
August 29, 2019 | 0 Comments

With a population of over a billion people, rapid urbanisation and accelerating economic growth, the African market presents a valuable proposition for Japanese investors. Key to maximising the benefits of this investment, is being able to identify the correct opportunities. Standard Bank has been at the forefront of major developments across Africa. Among the key growth sectors that have been identified is oil and gas.

A string of successful exploration projects over the last decade has seen the number of African countries with proven oil and gas reserves rise to 28, thanks to new discoveries in Ghana, Niger, Mozambique, Uganda, Kenya, Senegal, Mauritania and South Africa. The investment required to bring these countries onstream will add further impetus to Africa’s oil consumption, which at 4 million barrels a day already significantly exceeds the continent’s 2.1 million barrels of daily refinery output. Africa’s oil and gas sector is once again attracting investment from exploration companies and refiners following a prolonged break sparked by a slump in oil prices.

Standard Bank is one of the largest oil and gas lenders in Sub-Saharan Africa. In the last three years we have been engaged in several million-dollar deals in Ghana, Nigeria and Mozambique. We have acted as mandated lead arranger, bookrunner, facility and security agent, and onshore bank for several international players in the industry.

We been involved in Mozambique’s gas sector since the early 2000s. The game-changing nature of Mozambique’s offshore gas opportunities offers major opportunities for investors. Mozambique’s resources are huge, with a 150 Trillion Cubic Feet of Liquified Natural Gas (LNG) reserves, equivalent to 24 billion barrels of oil. The process of transforming those resources into individual LNG and Domgas requires an immense amount of investment. Our general assumption is that around USD128 billion needs to be spent between 2017-2025.

The Coral Floating LNG project is currently under construction and is envisaged to produce its first gas in July 2022. Standard Bank was the only African bank at Financial Close. The FID for Area 1 was approved on 18 June and has kickstarted development in Mozambique. With over 5 000 workers on site, Area 1 is responsible for constructing support facilities to be shared with Area 4, such as the Materials Offloading Facility and LNG Marine Terminal, as well a resettlement camp, airstrip and highway amongst other developments.

An independent macroeconomic study of Area 4’s Rovuma liquified natural gas project indicated that it is expected to attract between USD 27 and 32 billion in investment. This will drive Mozambique to become the world’s fourth largest producer of LNG, and add between USD 15 to 18 billion to the country’s GDP. The Final Investment Decision for Area 4 is expected in October this year. Expressed another way, once this is approved, the Afungi Site in Northern Mozambique will become the world’s most expensive piece of real estate, attracting USD 55 billion in investment.

The process of developing LNG plants will automatically provide opportunities for multiple industrial, tertiary as well as service-based companies, some of which may need to establish a local presence to serve these plants.

“Beyond the hard infrastructure, entire new urban centres and the populations that they will house, feed, clothe, educate, entertain and provide with services represent a huge opportunity for a highly diversified industrial and services sector,” says Rob Cleasby, Global Head, Financial Institutions Group, Standard Bank Corporate and Investment Banking.

Another opportunity is developing in East Africa, whose highly diversified economies are growing northwards of 6% in a highly integrated regional market, that is attracting significant levels of Foreign Direct Investment (“FDI”). The development of the Uganda-Tanzania pipeline has further spurred FDI, with an expected capex spend of US$25 billion over the next 5-7 years. Upstream, midstream and downstream projects are expected to propel the region’s economy from its current US$175 billion to US$400 billion by 2028.

Opportunities are also opening up for private infrastructure investors in public-private partnerships (PPPs). Unlike government-to-government projects which often exclude smaller and local players, PPPs generally focus on commercially viable projects with strong, cash-generative, business cases. These projects are also highly reliant on domestic and other foreign business involvement, support, supply, operation and outsourcing.

“Businesses across nearly all sectors have the opportunity to partner with well-capitalised East African firms needing increasingly advanced technical skills and knowledge to grow,” says Carl Henriksen, Head: Japanese Corporates, Client Coverage at Standard Bank Corporate and Investment Banking.

As Africa’s largest bank, Standard Bank, is ideally placed to deliver on its purpose of “Africa is our home. We drive her growth.” With a local presence in 20 markets across the continent, and a history spanning over 156 years, we are the ideal partner to assist Japanese clients negotiate the intricacies of doing business in Africa.

 About Standard Bank Group

Standard Bank Group is the largest African bank by assets with a unique footprint across 20 African countries. Headquartered in Johannesburg, South Africa, we are listed on the Johannesburg Stock Exchange, with share code SBK, and the Namibian Stock Exchange, share code SNB.

Standard Bank has a 156-year history in South Africa and started building a franchise outside southern Africa in the early 1990s.

Our strategic position, which enables us to connect Africa to other select emerging markets as well as pools of capital in developed markets, and our balanced portfolio of businesses, provide significant opportunities for growth.

The group has over 53 000 employees, approximately 1 200 branches and over 9 000 ATMs on the African continent, which enable it to deliver a complete range of services across personal and business banking, corporate and investment banking and wealth management.

Headline earnings for 2018 were R27.9 billion (about USD2.1 billion) and total assets were R2.1 trillion (about USD148 billion). Standard Bank’s market capitalisation at 31 December 2018 was R289 billion (USD20 billion).

The group’s largest shareholder is the Industrial and Commercial Bank of China (ICBC), the world’s largest bank, with a 20,1% shareholding. In addition, Standard Bank Group and ICBC share a strategic partnership that facilitates trade and deal flow between Africa, China and select emerging markets.

For further information, go to http://www.standardbank.com

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Seventh Tokyo International Conference on African Development (TICAD7): PM Shinzo Abe says Japan will help double Africa’s rice production by 2030
August 29, 2019 | 0 Comments
“We must end hunger in Africa. Yes, we must! Hunger diminishes our humanity” – Adesina urges
Japanese Prime Minister Shinzo Abe African leaders at opening of TICAD7

Japanese Prime Minister Shinzo Abe African leaders at opening of TICAD7

YOKOHAMA, Japan, August 28, 2019/ — The Sasakawa Association will work with the Japan International Corporation Agency (JICA), to help double rice production to 50 million tonnes by 2030.  Japanese Prime Minister Shinzo Abe made the announcement at the Sasakawa Africa Association (SAA) symposium held on Wednesday during TICAD7.

“Japanese technology can play a key role in innovation which is key to agriculture,” Prime Minister Shinzo Abe told delegates.

Discussions at the Symposium focused on Africa’s youth bulge, unemployment rates, agricultural innovations and technologies, solutions and job creation opportunities in the agricultural sector.

“We’ve always believed in the agriculture potential of Africa,” said Yohei Sasakawa, Chairman of the Nippon foundation. “We are paying more attention to income-generating activities. We want to help shift the mindset of small-holder farmers from producing-to-eat to producing-to-sell. We are hopeful that Africa’s youth can take agriculture to a new era, and that they can see a career path in agriculture,” he added.

In a keynote address, African Development Bank Group President, Akinwumi Adesina, called for urgent and concerted efforts to “end hunger”.

“In spite of all the gains made in agriculture. We are not winning the global war against hunger. We must all arise collectively and end global hunger. To do that, we must end hunger in Africa. Hunger diminishes our humanity,” Adesina urged.

According to the FAO’s 2019 State of Food and Security, the number of hungry people globally stands at a disconcerting 821 million. Africa alone accounts for 31% of the global number of hungry people – 251 million people.

Commending the Sasakawa Association’s late founder, Ryochi Sasakawa, for his tireless efforts in tackling hunger, Adesina said: “Passion, dedication and commitment to the development of agriculture and the pursuit of food security in our world has been the hallmark of your work.”

Between 1986 and 2003, Sasakawa Association in Africa, operated in a total of 15 countries including – Ghana, Sudan, Nigeria, Burkina Faso, Benin, Togo, Mali, Guinea, Zambia, Ethiopia, Eritrea, Tanzania, Uganda, Malawi and Mozambique.

Harnessing the potential of new technologies

Adesina expressed confidence in the ability of technology to deliver substantial benefits in agriculture. To accelerate Africa’s agricultural growth, the African Development Bank has launched the Technologies for African Agricultural Transformation (TAAT) to deliver new technologies to millions of farmers. ‘TAAT has become a game changer, and is already delivering impressive results, Adesina said.

Working with 30 private seed companies, the TAAT maize compact produced over 27,000 tons of seeds of water efficient maize that was planted by 1.6 million farmers.

Tackling climate change: a top priority

Hiroyuki Takahashi, founder of Pocket Marche, a platform that connects Japanese farmers and producers with consumers, shared insights and lessons learnt from Japan’s experiences, historic cycles of climate disasters and the country’s rebound.

“The power to choose what we eat is the power to stop the climate crisis and bring sustainable happiness to a world with limited resources,” Takahashi said.

It is estimated that Africa will heat up 1.5 times faster than the global average and require $7-15 billion a year for adaptation alone. Limiting the impacts of climate change is expected to become a top priority for Africa.

“Africa has been short changed by climate change. But, it should not be short changed by climate finance,” Adesina said in his concluding remarks.

“Let’s be better asset managers for nature. For while we must eat today, so must future generations coming after us. It is our collective responsibility to ensure that we do not leave empty plates on the table for generations to come,” Adesina concluded.

*AFDB

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Nigeria: NNPC, Total to Grow Nigeria’s Oil Production through partnership
August 28, 2019 | 0 Comments

By Teslim Olawore

The Nigerian National Petroleum Corporation (NNPC) and Total Nigeria have expressed their readiness to work together to grow daily crude oil and gas production and reserves to meet the national target of 40 billion barrels.

Mele Kyari, the Group Managing Director of the NNPC, and Mike Sangster, the Managing Director of Total Nigeria, made the commitment during a visit by Total top management to the NNPC Towers in Abuja.

According to a statement by Ndu Ughamadu, the spokesperson for the corporation, Mr Kyari, said that Total Nigeria was one of NNPC’s most important partners with visible outcomes.

“Total Nigeria in the last five years has very visible outcomes that we have seen and I assure you that we will work together to progress all efforts to grow production and national reserves.

“Also, I want to put on record that your downstream company has been very supportive in the supply of gasoline into our country,” he said.

He assured Total Nigeria of very transparent and accountable relationship with acceptable frameworks.

Earlier, Mr Sangster expressed Total’s firm belief in the Nigerian oil and gas industry and its readiness to deploy solutions to the challenges facing the industry.

“Total Nigeria will build on recent progress in many areas such as cash-call arrears and our long-standing partnership.

“In partnership with NNPC, the company has developed the last three Floating Production Storage Offloading’s (FPSOs) in Nigeria and wants to build on this,” he said.

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Five African countries bid to host 2021 ICASA conference
August 28, 2019 | 0 Comments

By Wallace Mawire

Dr. Ihab Ahmed, SAA President

Dr. Ihab Ahmed, SAA President

Five African countries have submitted bids to the Society for AIDS in Africa (SAA) to host the  International Conference on AIDS and Sexually Transmitted Infections in Africa (ICASA) 2021 conference.

The society has revealed that the countries which have submitted their bid for pre-selection to be the host of ICASA 2021  are Kenya, Zambia, Nigeria, Uganda and Tunisia.

The pre-selection started from 14 August 2019 ending on 29 August 2019, according to the society.

ICASA is a major bilingual international AIDS conference which takes place in Africa.

This year the 20th International Conference on AIDS and STIs in Africa will take place in Kigali, Rwanda.

It is reported that the conference represents a tremendous opportunity to highlight the diverse nature of the African region’s HIV epidemic and the unique response to it.

It is also added that the conference theme this year  “AIDS Free Africa – Innovation, Community, and Political Leadership” engages the whole continent and all stakeholders in the Post-SDG Framework, where sustainability of the response in reaching 90, 90, 90 UNAIDS will not be possible if human rights are not a key priority for a new of leadership in the context of strengthening the application of science-based evidence.

ICASA is a major international AIDS conference which takes place in Africa. Its current biennial hosting alternates between Anglophone and Francophone African countries.

The society says that the convening of the International Conference on AIDS and Sexually Transmitted Infections in Africa  represents a tremendous opportunity to highlight the diverse nature of the African region’s HIV epidemic and the unique response to it.

The biennial International AIDS Conference is the premier gathering for professionals   working in the field of HIV, as well as leaders, people living with HIV and others committed to ending the epidemic. It is reported to   be a tremendous opportunity for researchers from around the world to share the latest scientific advances in the field, learn from one another’s expertise, and develop strategies for advancing all facets of  collective efforts to treat and prevent HIV.

The Society for AIDS in Africa was established in Kinshasa in October 1990 during the 5th International Conference on AIDS and Associated Cancers in Africa, a precursor to the International Conference on AIDS
and STIs in Africa (ICASA).

It is reported that the formation of the Society for AIDS in Africa, was facilitated by the (W.H.O) to encourage the African continent to host international conferences on HIV/AIDS, a disease whose scourge has hardest hit the continent.It is reported that the move encourages and empowers Africans to directly address and respond to the challenges posed by the HIV and AIDS pandemic on the continent.

The Society envisions an HIV free Africa with capacity to confront all related consequences and diseases. The Society enables a positive environment for research on HIV and related diseases. The Society for AIDS in AFRICA (SAA) is governed by an Executive Council drawn from South, North, East, West and Central Africa. SAA collaborates with
AFRICASO, SAFAIDS, SWAA, NAP+, and Network of Youth in Africa and enjoy the support of the UN- System, as well as various International organizations, including the International AIDS Society (IAS).

Since its inception, SAA has successfully organized 19 International Conferences on HIV /AIDS and STIs in 14 Africa countries. On 6th December, 2017, in Abidjan, during ICASA 2017 the Sofitel Hotel Ivoire, the Minister of Health of Rwanda in the presence of ICASA 2017 President and the ICASA Director and other Executive Board Members, won the bid to host the 20th International Conference on AIDS and STIs which was conferred to Rwanda. Rwanda’s selection was a result of a rigorous evaluation of 3 countries to host ICASA 2019.

With the signing of the Memorandum of Understanding between Minister of Health and SAA with the strong support of the Rwandan Government, Dr. Ihab Ahmed, SAA President, officially declared Rwanda as the next host
country of the 20th edition of ICASA, ICASA 2019.

 

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“The Kaizen approach is more than a technique…it is an approach to economic development, and it’s been yielding tremendous results” – African Development Bank Vice-president Celestin Monga
August 28, 2019 | 0 Comments
African Development Bank Vice-president Celestin Monga

African Development Bank Vice-president Celestin Monga

Yokohama, Japan, 27 August 2019 – Kaizen, the business philosophy which means continuous improvement in Japanese, was at the heart of discussions at a seminar held on Tuesday, and co-organised by JICA and NEPAD on the sidelines of the 7th Tokyo International Conference on African Development, TICAD7.

The seminar, under the theme: “Africa’s Socio-economic Transformation through innovation,” discussed the role of Kaizen, in improving quality and productivity as well as human resource development on the continent.

Panelists included Assane Mayaki, CEO of AUDA-NEPAD; Bezabih Gebereyes, Commissioner of the Civil Service Commission of the Federal Democratic Republic of Ethiopia; and JICA Research Institute Director General Toshiyuki Nakamura, of the Industrial Policy and Public Policy Department.

“The Kaizen approach is more than a technique…it is an approach to economic development, and it’s been yielding tremendous results,” African Development Bank’s Chief Economist and Vice President, Economic Governance and Knowledge Management, Dr. Celestin Monga, said.

Monga underlined the need for incremental innovation in each African country, but also called for increased support to small and medium sized enterprises as a starting point to scaled up industrialization.

Africa needs to create production lines because “ even with low-skilled labour we can do tremendous things,” he said.

JICA and NEPAD have been promoting incremental innovation through the Africa Kaizen Initiative, launched in 2017.

“Kaizen is about mindset changes. It will be a formidable tool to enhance productivity of SMES…We have rolled out projects and training programs in 10 countries,” Mayaki said in his welcome remarks.

Acknowledging two Africa Kaizen awardees, also in attendance, Makayi told the packed room “They are the exact product of how Kaizen should be implemented.”

Fikreselassie Ambaw, General Manager of MAA Garment Factory in Ethiopia and Ruben Zebedayo Lyanga, head of Atoz Textile Mills (Tanzania), who won the Africa Kaizen Award in 2019, made presentations on how the business approach radically transformed their enterprises and boosted productivity, employee commitment and creativity.

Sharing Kaizen’s contribution and achievements in Ethiopia, Gebreyes explained how Kaizen and the subsequently transformed mindset have led to increased efficiency in spare parts production lines. “In the sugar cane sector, the Kaizen model has led to a 43% hike in productivity,” he noted.

Answering questions on the capabilities needed for entrepreneurs and firms to promote radical, disruptive innovation in Africa, Toshiyuki Nakamura, Director General of Industrial Development and Public Policy Department said: “the common thread between GAFA, (Google, Apple, Facebook and Amazon), is the implementation of Kaizen. Incremental and radical innovation, are one of the most important messages for the continent.”

Through JICA, the Kaizen approach has expanded its outreach to 25 countries on the continent; touched 18,096 enterprises and 301 public institutions.

The African Development Bank President, Akinwumi Adesina is leading a high-level delegation to TICAD7 which is being held in Yokohama city from 28-30 August.

The Tokyo International Conference on African Development, led by Japan, started in 1993. African heads of states and key business leaders are scheduled to attend from around the world, providing an opportunity to explore investment opportunities. The event, held every 3 years, has been convened alternately in Japan and Africa since 2016.  The last TICAD was held in Nairobi, Kenya.

*AFDB

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Merck Foundation to conduct 6th Edition of “Merck Africa Asia Luminary” October 2019 in Ghana
August 27, 2019 | 0 Comments
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Owendo Port leads a logistics revolution in Gabon
August 27, 2019 | 0 Comments

One of the questions that global investors and commentators often ask about Africa is what next after the continent’s vast natural resources have been exploited? Well, that question has been answered emphatically in Gabon through several initiatives that are modernizing and industrializing the Gabonese economy.

One of these initiatives is the GSEZ New Owendo Port that is revolutionizing the maritime industry in Gabon and broader Central African region. The Port is part of a unique and dynamic Public Private Partnership between the Gabonese Government, Olam International and Africa Finance Corporation that was formed with the aim of diversifying the Gabonese economy away from oil to other sectors of the economy.

While the oil industry has been good for this nation of 1.8 million people, boasting one of the highest GDP per capita in the region and one of the highest Human Development Index in Sub-Saharan Africa, overreliance on the turbulent oil markets is not sustainable for the country.

Other oil producing countries are setting up sovereign funds to capture oil profits and reinvesting them in other sectors of the economy as a way of diversifying their economies and boosting their revenues. However, Gabon is doing things differently by partnering with the private sector to organically develop the economy through investing in infrastructure and boosting the country’s industrial capacity.

Given that the oil industry accounts for more than 50 percent of Gabon’s GDP and 80 percent of the country’s export earnings, diminishing production and the oil price downturn have hurt the nation’s economy – giving rise to a need to grow other sectors of the economy.

On the back of Gabon’s vast timber resources, new productive industries are being developed, making Gabon the second biggest producer of veneer in the world. At the centre of this modernization of Gabon is a sophisticated logistics network that connects the ports, airports, rail and road networks in a seamless fashion to allow for the delivery of goods and services more efficiently and cost-effectively for local and global markets.

Théophile Ogandaga, GSEZ Deputy Director says: “The SEZ model has been groundbreaking in many respects for the country of Gabon. Our partnership with the Gabon government, has resulted in a package of attractive incentives for global investors to invest in the country. These include zero corporate tax for the first 10 years; the easy repatriation of profits out of the country, and others, has seen an increase in the number of foreign companies establishing operations in Gabon.

“We are replicating this model in other African countries to unlock their potential, create jobs and grow their economies.”

The GSEZ New Owendo Port offers a comprehensive logistics solution to customers. It is a multi-modal platform that is easily accessible by sea, road and rail. The goods can be distributed anywhere in the country and in the broader Central African region.

The words “efficiency” and “cost-effectiveness” are not only the buzzwords for Ogandaga and his colleagues at GSEZ but is a “mantra” that is gaining traction in the whole of the Gabon business world.

Conceptualized in 2012. The purpose was to offer comprehensive and cost-effective solutions for all businesses wishing to export or import their production to and from Gabon. The brand-new harbor facility has been so far a powerful key-driver for investors wanting to start production in the Gabon Special Economic Zone (GSEZ) of Nkok. From sourcing to exports, GSEZ is now offering them end-to-end solutions to make their business successful in Gabon.

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UN ready to support implementation of agreement between Rwanda Uganda
August 23, 2019 | 0 Comments

By Maniraguha Ferdinand

Heads of states after signing the agreement

Heads of states after signing the agreement

UN has vowed to do whatever it takes to support the normalization of relations between Uganda and Rwanda after months of hostilities.

This comes two days after the signing of Memorandum of Understanding between Rwanda and Uganda.

The agreements were signed on 21st August in Luanda, Angola in front of  Presidents João Lourenço of Angola and Felix Tshisekedi of the Democratic Republic of the Congo and Denis Sassou Nguesso of Republic of Congo.

Rwanda and Uganda have been in stand off since around 2016, with Rwanda accusing its neighbor of supporting anti-Rwanda rebels, inhumane treatment of its nationals on Ugandan territory.

Uganda blames Rwanda on closing Gatuna border which had a negative impact on movements of goods and persons. It also alleges Rwanda send spies on its territory though it has never been communicated publicly.

On Friday, 23 August, 2019 UN released a statement commending the move taken by Rwanda and Uganda.

Stephane Dujarric, Spokesman for the Secretary-General said that the Secretary-General  has welcomed the signing of a Memorandum of Understanding with the aim of normalizing bilateral relations between the two countries.

UN says agreement should be implemented in the interest of peace and stability in the region.

“He (Secretary General) encourages the parties to implement the agreement in good faith, with a view to restoring friendly relations and cooperation between the two neighbouring states, in the interest of peace, stability and sustainable development in the region”, the statement reads

UN statement went on emphasizing that the New York   based body stands ready to support the implementation of the agreement.

“The Secretary-General stands ready to support the momentum generated through this and other initiatives to advance peace, cooperation and integration in the region”, it adds

The pact that was signed says that agreement enter  into force immediately upon signature.

Inside the agreement, both parties have agreed to respect the sovereignty of each other’s and of neighboring countries,  refrain from conducive to destabilization or subversion in the territory of other party and neighboring countries thereby eliminating all factors that may create such perception as well as that of acts such as financing, training and infiltration of destabilizing forces.

The agreement also  urges both party  to resume as soon as possible the cross border activities including the movement of persons and goods.

However till Friday morning no sign of the implementation of agreement was to be seen as movement of goods and people on Gatuna border is still low.

Besides,  one day after the agreement was signed, Uganda restricted access of some of Rwanda news website that are taught to be pro government.

In March this year Rwanda sent an advisory note to its people urging them not to cross to Uganda.

On Thursday  State Minister in charge of foreign affairs, Olivier Nduhungirehe told local media that the advisory is still relevant as Rwandan nationals who were arrested in Uganda are yet to be  freed.

 

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Mozambican President Filipe Nyusi holds talks with Vladimir Putin in Russia
August 23, 2019 | 0 Comments

By Arnaldo Cuamba

Russian President Vladimir Putin held talks with the Mozambican President Filipe Nyusi, who is in Russia on an official visit since Tuesday until friday. The leaders discussed issues related to the further development of Russian-Mozambican cooperation in various areas, as well as current international and regional issues, according to a press release seen by Pan African Visions.

Following the talks, Putin and Nyusi witnessed the exchange of documents signed during the a meeting at the Kremlin, Moscow.

The list of signed documents includes an intergovernmental agreement on mutual protection of classified information and an agreement on cooperation between the interior ministries of the Russian Federation and the Republic of Mozambique; as well as documents related to technical cooperation in geology and minerals’ extraction, as well as cooperation between Rosneft, the Mozambican National Institute of Oil and the Mozambican National Hydrocarbons Company, including on the development of natural gas deposits on the shelf of Mozambique. Inter RAO-Export and EdM (Mozambique) also signed a memorandum of understanding in power generation.

Putin told Nyusi that its government is ready to develop relations between both countries in all areas. “I am sure that your visit, Mr President, will give a boost to the ties between our countries” he said adding that “we are very happy to see you”

On April when Mozambique was severely affected by destructive Cyclone Idai, Russia has delivered 30 tonnes of humanitarian aid, following the the country appeal to the international community for help.

On Tuesday Nyusi thanked Putin for the help.

“I would also like to thank you for the material and moral support you have been providing us” Nyusi said, “We would like to thank all Russian people for this”

On wedsneday Russia has pardoned 95% of Mozambique’s debt, according to an announcement made by the President of the Republic, Filipe Nyusi at a meeting with Russian and Mozambican businesspeople.

Nyusi’s visit is the first by a Mozambican head of state to Russia since the dissolution of the Union of Soviet Socialist Republics (USSR) in 1991. The last Mozambican statesman to visit Moscow was Joaquim Chissano, in 1987.

 

 

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Arsenal and WorldRemit launch second edition of Future Stars
August 22, 2019 | 0 Comments
Two community football coaches, one male and one female, will attend an exclusive training programme with Arsenal Football Development coaches in London

LONDON, United Kingdom, August 22, 2019/ — Arsenal and online money transfer service, WorldRemit (https://www.WorldRemit.com), are offering one male and one female football coach from Africa or the Americas the chance to attend an exclusive training programme with Arsenal Football Development coaches in London.

Now in its second edition, the “Future Stars” programme was developed by WorldRemit and Arsenal to celebrate the positive impact that grassroots youth football coaches have on their communities, helping the children they train to develop life skills both on and off the pitch.

Future Stars is free to apply for and open to youth team (under 16s) coaches from across Africa and the Americas. WorldRemit will sponsor two winners, one male and one female, to fly to London for a personalised coaching programme with Arsenal Football Development coaches. Through the programme, 20 shortlisted coaches will be rewarded with Arsenal shirts for their youth squad.

Apply now

Entries are now open on https://www.FutureStars.WorldRemit.com/ or via a chatbot on the WorldRemit Facebook page (http://bit.ly/2ZeBf5O) until 4 September. To enter, coaches simply need to complete a short application form explaining why they deserve to be granted this unique training opportunity and how they would use it to build a lasting legacy of positive change through football.

How it works

1. From the online applications, 20 coaches will be shortlisted to receive Arsenal youth shirts for their team. Applicants will be assessed against the following criteria by a panel of judges including Catherine Wines, Co-Founder at WorldRemit; Simon McManus, Head Coach at Arsenal Football Development; and Marc Thorogood, Business Manager at Arsenal Football Development.

Selection criteria:

  • The commitment of the coach to improving the lives of their community
  • The impact the coach has had on young people within their community
  • The strength of the coach’s proposal to pass on their training on their return home

2. From the shortlist of 20, the judging panel will select eight coaches as finalists – four male and four female.

3. The eight finalists’ stories will be shared on https://www.FutureStars.WorldRemit.com/ and the winners will be chosen based on a public vote on the website.

Andrew Stewart, Managing Director for the Middle East and Africa at WorldRemit, said: “Our customers work hard every day to send money home to support their communities. Inspired by them, we developed the Future Stars programme with Arsenal to shine a spotlight on youth community coaches who use their passion for football to build a better future for others.

“The standard of applications for last year’s programme exceeded our expectations. We’re excited to build on this success and celebrate the incredible contributions of male and female coaches from across Africa and the Americas.”

Simon McManus, Head Coach at Arsenal Football Development said: “Community engagement has always been at the heart of everything we do and we continue to work hard to promote greater levels of participation in sport, both in north London and around the world.”

“The Future Stars programme is all about recognising youth coaches across Africa and the Americas who bring communities together and are changing lives through football. We are looking forward to celebrating them and welcoming the two winning coaches to train with us at the Emirates!”

Last year’s Future Stars winner was Hamisi Mohamed from Young Talents Soccer Academy. Hamisi founded Young Talents, a mixed academy outside Nairobi, Kenya, to bring young members of his community together and help them avoid falling into tribalism, drug abuse and crime.

Hamisi said: “Training with Arsenal Football Development was the opportunity of a lifetime. For my own coaching, it was amazing to hear about the Arsenal coaching philosophy and how it can bring teams of all levels together. The exchange of ideas and practices is beneficial for both sides and leads to a higher standard of football at a grassroots level. Good luck to this year’s Future Stars!”

 

https://youtu.be/qwf8GMlFWoE

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African Energy Chamber to Conduct Working Visit in Beijing and Discuss Energy Deals with Chinese Investors
August 22, 2019 | 0 Comments
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Kagame and Museveni agree to end hostilities
August 21, 2019 | 0 Comments

By Maniraguha Ferdinand

President Museveni (left) shaking hands with Kagame (right) after signing while João Lourenço looks on

President Museveni (left) shaking hands with Kagame (right) after signing while João Lourenço looks on

 

President of Rwanda Paul Kagame and Yoweri Museveni of Uganda has come to the agreement after signing memorandum of understanding to end years of hostilities between the two countries.

The agreement was signed this Wednesday in Luanda the capital city of Angola before the host president João Lourenço; Félix Tshisekedi of Democratic Republic of Congo and Denis Sassou Nguesso of Republic of Congo.

Inside the agreement, both parties have agreed to respect the sovereignty of each other’s and of neighboring countries,  refrain from conducive to destabilization or subversion in the territory of other party and neighboring countries thereby eliminating all factors that may create such perception as well as that of acts such as financing, training and infiltration of destabilizing forces.

Rwanda has been accusing Rwanda of imprisoning, torturing Rwandans living in Uganda without giving them justice. It also accuses Uganda of supporting groups that aim at destabilizing Rwanda.

Uganda has accused Rwanda of sending spies on its territory.

Both countries have agreed to protect and respect the rights and freedoms of nationals of the other party.

Since March this year, Rwanda had advised its nationals to avoid crossing to Uganda, over ill treatment they may get if they enter. The busy Gatuna border was also closed on Rwanda side, thus bothering the movement of goods and persons.

The Agreement signed today urges both party  to resume as soon as possible the cross border activities including the movement of persons and goods.

 

After signing, President Kagame promised to act accordingly with the agreement, and he said it is not difficult to do so.

“I think it is not very difficult to address many of the problems we have had, it may take a bit of time to understand each other but I think we have come a long way”, said Kagame adding that “I see no problem in Rwanda working with President Lourenço, President Tshisekedi and more specifically with President Museveni to address what we have agreed to address.”

Kagame emphasized that  “when you have an open border, you have goods and people. When you create a problem for people to move across the border from one side to another, then you have closed the border to people and goods.”

For Kagame, respecting the agreement means respecting mediators who brought both countries together.

“We are not going to be found wanting in not only respecting the communique, but also our brothers who have brought us together to reach this understanding”, he added

President Museveni noted that even the problem was in the line of being resolved however the agreement comes as reinforcement.

“I was already in touch with President Kagame through our own channels, but this came as a reinforcement. We are just re-affirming what we have always held as principles of the African Union”.

The pact that was signed says that agreement enter  into force immediately upon signature.

 

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