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IMF Executive Board Completes Second Review Under the ECF Arrangement for the Central African Republic

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WASHINGTON D.C., United States of America The completion of the review enables a disbursement of US$16.3 million. Swift implementation of the National Plan for Recovery and Peace’s investment program will boost economic prospects. Sustaining and accelerating efforts to mobilize domestic revenues and enhance budget transparency will create fiscal space for increasing social and capital spending. On July 17, 2017, the Executive Board of the International Monetary Fund (IMF) completed the second review under the Extended Credit Facility (ECF)[1] arrangement for the Central African Republic. The completion of the review enables a disbursement of SDR 11.70 million (about US$16.3 million), which will bring total disbursements under the arrangement to SDR 36.75 million (about US

African land commissioners’ workshop on securing community land rights opens in Accra

AFRICA
ABUJA, Nigeria The first ever meeting of African Land Commissioners opened in Accra Monday with Ghana’s Lands and Natural Resources Minister, John-Peter Amewu, lamenting the extreme levels of poverty in some parts of the continent despite the availability of vast arable land resources. In his opening address to the Land Commissioners, senior government officials, representatives of civil society and others attending the meeting on how the continent can secure community land rights, the minister described the situation as alarming. “While we have most land suitable for agriculture, our productivity gap turns to be the highest,” he said in a speech read on his behalf by his deputy. “We see land ownership inequalities and landlessness growing in several African countries and w

Danish Ambassador and ICC Registrar Launch “Access To Justice” Project in Uganda

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THE HAGUE, Netherlands Today, 17 July 2017, the Registrar of the International Criminal Court (“ICC” or “Court”), Mr Herman von Hebel, and H.E. Ambassador of Denmark to Uganda, Mr Mogens Pedersen, launched an “Access to Justice” project in Kampala, Uganda. This project aims at facilitating the ICC’s continuous efforts to respond to the information demands of the communities affected by the conflict in northern Uganda.   The Project, funded by the Danish International Development Agency (DANIDA) through a grant of 210,000 euros, will enhance the capacity of the local population in Northern Uganda, where the crimes were allegedly committed, to follow the proceedings against Dominic Ongwen in the trial currently ongoing in The Hague. The project will also strengthen capacity

Accra launch of The Africa Data Revolution Report

AFRICA
ABUJA, Nigeria The inaugural edition of the Africa Data Revolution Report (ADRR 2016) will be launched on 19 July in Accra, Ghana, as part of activities marking the 2nd Africa Open Data Conference, which will take place from July 17 – 21, 2017. Jointly published by the Economic Commission for Africa (ECA), the United Nations Development Programme (UNDP), the World Wide Web Foundation and the Open Data for Development Network (OD4D), ADRR is a biennial report that maps the data ecosystem in Africa with reference to the production, distribution and use of data by public, private and civil society actors, as they relate to the 17 SDGs. Commenting on the importance of the report, Oliver Chinganya, Director of the Africa Centre for Statistics at ECA said, “there is need for us as A

Federer becomes the greatest Wimbledon Champion in history

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Switzerland Tennis star Roger Federer became the greatest Wimbledon Winner since 1877 after winning his 8th successful Wimbledon Grand Slam title at the 2017 event in England on Sunday 16th July. The aging tennis star defeated Croatia’s Malin Cilic 6-3, 6-1, 6-4 in front of 1,5000 spectators to clinch his second Grand Slam this year after bagging Australian Open. However it should be noted that Federer’s biggest rivals Andy Murray and Novak Djokovic nursed injuries during the tournament. Since 2009 Federer, 35, has been in a title drought, managing to win more than one Grand Slam in a single season only two times in eight years. He now leads the most Wimbledon Grand Slam winner with eight titles only one ahead of William Renshaw and Pete Sampras each having seven titles.

Continental Free Trade Area negotiations moving in the right direction

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ABUJA, Nigeria Continental Free Trade Area (CFTA) negotiations are moving in the right direction and at the desired pace, with the first phase of the negotiations expected to be concluded by the end of 2017, Coordinator of the African Trade Policy Centre (ATPC), David Luke, said Friday. Speaking at the just-ended Aid for Trade Global Review 2017 where the Economic Commission for Africa (ECA) hosted a side event to unveil a publication titled: “The Continental Free Trade Area (CFTA) in Africa – A Human Rights Perspective”, Mr. Luke said the CFTA negotiating principles emphasise the importance of ensuring that the process is inclusive, consultative and participatory. The discussions were held under the topic: “The CFTA: Ensuring Inclusive Outcomes Through Boosting Intra-African

Main results of the Foreign Affairs Council on Libya

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BRUSSELS, Belgium The Council adopted conclusions on Libya. The EU warmly welcomes the appointment of Ghassan Salamé as new Special Representative of the UN Secretary General, who will play a central mediation role based on the Libyan Political Agreement. The conclusions recognises that recent violence threatens Libya's stability. The EU believes there is no solution to the Libyan crisis through the use of force. The Council reiterates its firm support to the Libyan Political Agreement and to the Presidency Council and Government of National Accord led by Prime Minister Fayez Sarraj established under it as the sole legitimate government authorities in the country. The EU calls on all armed groups to refrain from violence, to commit to demobilisation and to recognize the authoriti

Technical Workshop on Corporate Governance for SOEs

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ACCRA, Ghana H. E. François Pujolas, the Ambassador of France to Ghana and the Honorable Charles Adu Boahen, Deputy Minister of Finance opened the technical workshop on Corporate Governance for State-Owned Enterprises jointly organized by AFD (Agence Française de Développement) and the Ministry of Finance, at the Labadi Beach Hotel on Thursday, 13th July 2017. The objective of this workshop was to strengthen the financial and management capacity of the SOEs in order to increase their capacity to finance their capital expenditure on their own balance sheet without state guarantee. Creating the right platform for SOEs to be able to borrow on their own balance sheet without State guarantee becomes crucial to secure Ghana’s future economic development The workshop has also affo

Emirates and flydubai join forces, announce extensive partnership agreement

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DUBAI, United Arab Emirates Partnership includes an expansive codeshare agreement, schedule alignment and network optimisation Passenger benefits to include access to over 200 unique destinations, seamless travel experience and frequent flyer programmes alignment Both airlines to continue being managed independently Emirates and flydubai today unveiled an extensive partnership which will see the two Dubai-based airlines join forces to offer customers unmatched travel options. Both airlines will continue to be managed independently, but will leverage each other’s network to scale up their operations and accelerate growth. The innovative partnership goes beyond code-sharing and includes integrated network collaboration with coordinated scheduling. The new model will give

The dti to Spend R100 Million to Support Emerging Black Filmmakers

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JOHANNESBURG, South Africa The Department of Trade and Industry (the dti) will have spent R100 million to support emerging black filmmakers through the South Africa Emerging Black Filmmakers Incentive by the end of March 2018. This was announced by the Director of Film Production at the dti, Ms Nelly Molokoane at the Emerging Black Filmmakers Workshop at the Durban International Film Festival (DIFF). The workshop was targeted at emerging film producers who want to access the incentives scheme. According to Ms Molokoane, since its launch, the Incentive scheme has managed to support 40 projects of emerging filmmakers as part of the R100 million budget, but in terms of finalising those projects and productions, producers still find it difficult accessing additional funds to close th...