WASHINGTON D.C., United States of America: IMF Managing Director Christine Lagarde and President João Lourenço met today (January 23, 2018) on the margins of the World Economic Forum in Davos. The Angolan economy is enjoying a mild recovery, but significant imbalances remain. The authorities are fully aware of the challenges and have announced policy actions designed to restore macroeconomic stability. The meeting was an opportunity for the Managing Director to commend President Lourenço for the recent policy announcements. Madame Lagarde reiterated the IMF’s commitment to work with the Angolan authorities to ensure that the economy achieves high rates of sustainable and inclusive growth to reduce poverty.
ADDIS ABABA, Ethiopia: The Ambassador of the United States of America Michel A. Rayner hosted a reception for the launch of the book “Ethiopia: The Living Churches of an Ancient Kingdom”. Minister of Tourism and Culture Dr. Hirut Woldemariam and His Holiness Abune Matthias attended the launch along with Ambassadors, artists, photographers, scholars and journalists. The book has 544 pages of more than 800 spectacular photographs of churches and monasteries of Lalibela, Tigray, Gondar and Tana. It is destined, I am sure, to significantly boost worldwide awareness and appreciation of these amazing treasures Ambassador Rayner on his remark stated that “Cultural heritage endures as a reminder of the contributions and historical experiences of humanity” adding that “
OTTAWA, Canada: The Honourable Chrystia Freeland, Minister of Foreign Affairs, today issued the following statement on the inauguration of George Weah, the new president of Liberia: The election of President Weah is a historic moment in the first democratic transition in more than seven decades for Liberia “Canada congratulates the new president of Liberia, George Weah, on his inauguration and the Liberian people for holding peaceful elections.” “The election of President Weah is a historic moment in the first democratic transition in more than seven decades for Liberia.” “Canada thanks and salutes outgoing president Ellen Johnson Sirleaf for all she has accomplished with the Liberian people over the past 12 years—and for her efforts to ensure a peaceful tr
NEW YORK, United States of America: United Nations Secretary-General António Guterres announced today the appointment of Bience Gawanas of Namibia as Special Adviser on Africa. She will succeed Maged Abdelaziz of Egypt to whom the Secretary-General is grateful for his commitment and dedicated service to the Organization. The Secretary-General also wishes to extend his appreciation to Mr. David Mehdi Hamam who served as Acting Special Adviser since Mr. Abdelaziz’s departure. Ms. Gawanas is currently Special Adviser to the Minister of Poverty Eradication and Social Welfare, Namibia. Prior to this, she was Special Adviser to the Minister of Health and Social Services. A champion of women’s health and rights in Africa, she has been commended for her role in initiating f
WASHINGTON D.C., United States of America: A U.S. San Francisco, California based company, RD Global, working with a Japanese company, Mera Group Corporation, plans to set up a manufacturing plant of energy renewable products in Zambia in an effort to mitigate the energy deficit in the region. Mera Group Corporation, Business Development Advisor Rune Gunnar Dige says Zambia has been chosen as a preferred choice of investment in the energy sector because of its geographical position among countries in the Southern African region. Mr. Dige who is also RD Global Managing Director says Mera Group Corporation as part of its international business will seek to establish a distribution base of energy renewable products in the country and export them from Zambia to other
WASHINGTON D.C., United States of America: Macroeconomic performance under the program has been satisfactory. Most quantitative targets were met, though implementation of structural measures lagged. Authorities should step up budget implementation, particularly in development spending, and macroeconomic policies will need to be closely coordinated. On January 10, 2018, the Executive Board of the International Monetary Fund completed the seventh and last review of Tanzania’s economic performance under a program supported by the Policy Support Instrument (PSI). The decision was made without a Board meeting and included the granting of waivers for the non-observance of the end-June 2017 assessment criteria on the floor of tax revenues and the ceiling of
Washington DC, United States: Dickson Ogwang a Ugandan ambassador to Washington DC, was confirmed kicked out of the office due to reports by the US Police, he had beaten his wife a month ago. The police found Ogwang’s wife covered in bruises after being battered. Police took the battered woman to hospital. As a penalty, the State Department asked the Foreign Affairs Ministry to recall Amb Ogwang to Kampala since he could not be arrested or prosecuted in the US. Ogwang is remembered for speaking out on the US deployment of troops to Uganda during the 2012 hunt for Lord’s Resistance Army warlord, Joseph Kony. He took over from H.E. Amb. Oliver Wonekha, the outgoing Ambassador of Uganda to USA, last year. The spokesperson of Ministry of Foreign Affairs, Margaret Ka
WASHINGTON D.C., United States of America: Overseas Private Investment Corporation (OPIC), Executive Vice President David Bohigian yesterday traveled to the West African country of Togo where he met with Togolese Prime Minister Komi Klassou and toured an OPIC-supported power plant that tripled the country's energy supply. ContourGlobal, a U.S. based company, built the Lomé Thermal Power Plant in Togo with financing and political risk insurance from OPIC, the U.S. Government's development finance institution. One of the largest investments ever made in Togo, it succeeded in bolstering the country's energy generation capacity and significantly reducing rolling blackouts. American companies recognize the opportunities in West Africa - especially in Togo "Americ