AFRICA

President Kenyatta wraps up CHOGM Summit

President Kenyatta wraps up CHOGM Summit

AFRICA, BUSINESS, EAST AFRICA, KENYA
LONDON, United Kingdom Kenya's President Uhuru Kenyatta  has wrapped up his second Commonwealth Heads of Government Meeting with an attendance at an exclusive retreat at the Windsor Castle where leaders spoke frankly about issues that are a priority for their nations and for the commonwealth as a group. The President, who arrived in London on Monday, has attended high level forums being held at the sidelines of the commonwealth summit where he has marketed Kenya as a preferred investment destination. The President has held meetings with the UK leadership including Queen Elizabeth II, Prime Minister Theresa May and Prince William, Duke of Cambridge. Queen Elizabeth presided over the CHOGM leaders meeting on Thursday and Friday. She also hosted the leaders for dinner on Thursday.
Anglophone West Africa’s brightening economic prospects

Anglophone West Africa’s brightening economic prospects

AFRICA, BUSINESS
LOME, TogoThe economic forecast for Anglophone West Africa is looking brighter according to analysis by Ecobank’s  research team in the newly published Anglophone West Africa section of its flagship financial website. Nigeria, Africa’s largest economy, is at last moving out of recession, Ghana’s growth continues to be strong, and the region’s smaller countries are picking up as they shake off the lingering effects of the Ebola outbreak in 2013-16. Anglophone West Africa, which stretches from Gambia in the West to Nigeria in the East, is the second regional section of the website to go live. It covers six countries Ghana, Guinea, Liberia , Nigeria , Sierra Leone and Gambia and encompasses the West African Monetary Zone, which draws together the mostly English speaking countries
EIB and IMF join forces to build capacity on financial inclusion and stability in Africa

EIB and IMF join forces to build capacity on financial inclusion and stability in Africa

AFRICA, BUSINESS, INTERNATIONAL
LUXEMBOURG, LuxembourgThe European Investment Bank (EIB), the EU Bank, and the International Monetary Fund (IMF), signed a Letter of Understanding to pool their expertise and experience to promote sustainable economic development, financial stability and inclusive growth in Africa. The EIB will contribute with EUR 3m to IMF economic institutions, namely the African Regional Capacity Development Centers (AFRITACs) and the Financial Sector Stability Fund (FSSF), and will launch a new course with the IMF on financial intermediation and financial inclusion, as well as funding. The EIB will provide guidance to the AFRITACs and FSSF by participating in their governing bodies. Our partnership with the EIB will support continued IMF efforts to strengthen institutions in Africa through...
IAEA Mission Sees High Commitment to Safety at Ghana’s Research Reactor after high enriched uranium (HEU) to low enriched uranium (LEU) Fuel Conversion

IAEA Mission Sees High Commitment to Safety at Ghana’s Research Reactor after high enriched uranium (HEU) to low enriched uranium (LEU) Fuel Conversion

AFRICA, INTERNATIONAL, TECHNOLOGY
ACCRA, GhanaAn International Atomic Energy Agency (IAEA) team of experts said the operator of Ghana’s research reactor has demonstrated a high commitment to safety following the conversion of the reactor core to use low enriched uranium (LEU) as fuel instead of high enriched uranium (HEU). The team also made recommendations for further safety enhancements. The Integrated Safety Assessment for Research Reactors (INSARR) team concluded a five-day mission today to assess the safety of the GHARR-1 research reactor, originally commissioned in 1994. The 30 kW reactor, operated by the Ghana Atomic Energy Commission (GAEC) at the National Nuclear Research Institute in the capital Accra, is used primarily for trace element analysis for industrial or agricultural purposes, research, educat
Trade ministers welcome £140 million investment in Nigeria and Pakistan

Trade ministers welcome £140 million investment in Nigeria and Pakistan

AFRICA, BUSINESS, INTERNATIONAL
LONDON, United KingdomThe new investments were announced as Pakistan and Nigeria joined 53 nations in London for the Commonwealth Heads of Government Meeting (CHOGM), with the benefits of intra-Commonwealth trade high on the agenda. Global consumer brand Unilever will invest £86 million in new manufacturing capacity at its 4 factories in Pakistan. Anglo-Dutch oil giant Shell will also invest up to £13 million by 2020 in around 100 new fueling stations along the China-Pakistan Economic Corridor (CPEC) route. This will allow trucks carrying goods between the countries to refuel, driving increased trade. Meanwhile Dorset-based renewable energy firm Low Energy Designs Limited UK is launching ‘Light up Lagos’, a £38 million investment to deliver 40,000 low energy LED streetlights i
WFP and FAO launch innovative German-funded project to support peace and rebuild lives in post-conflict areas of eastern DR Congo

WFP and FAO launch innovative German-funded project to support peace and rebuild lives in post-conflict areas of eastern DR Congo

AFRICA, INTERNATIONAL
BUKAVU, Democratic Republic of CongoThe United Nations World Food Programme (WFP) and the Food and Agriculture Organization of the United Nations (FAO) are launching an innovative joint project to rebuild livelihoods shattered by conflict in eastern Democratic Republic of Congo (DRC), by empowering women, supporting farmers and helping build peace between communities, all thanks to a €35 million contribution from the German people. WFP and FAO will offer a suite of assistance to rural farming communities returning home after they were forced to flee by fighting that has swept the region. The support will provide both a short-term safety net for people who’ve lost almost everything, as well as micro-financing, numeracy and literacy training, economic empowerment training for women
Focus more on a sustainable future-Malanji

Focus more on a sustainable future-Malanji

AFRICA, BUSINESS, INTERNATIONAL
LONDON, United KingdomZambia’s Foreign Affairs Minister Hon. Joseph Malanji has said there is need to take action to promote clean energy, more sustainable methods to agriculture and transport for the protection and management of natural resources to ensure their sustainability for the future generation. While speaking at the ongoing Commonwealth Heads of Government (CHOGM) summit, Mr malanji said it will help implement the UN sustainable Development on exploitation of Zambia’s natural resources, which in many ways is a precursor to the environmental challenges including climate change that is now a reality of modern life. The Foreign Affairs Minister said after attending a lunch at the on-going CHOGM Summit at Lancaster House that was hosted by Rt. Hon. Boris Johnson, MP, UK
President Faure attends meeting hosted by the Prime Minister of Canada for Commonwealth Small Island and Coastal States

President Faure attends meeting hosted by the Prime Minister of Canada for Commonwealth Small Island and Coastal States

AFRICA, INTERNATIONAL
LONDON, United KingdomPresident Danny Faure has this afternoon attended a meeting hosted by Prime Minister Justin Trudeau of Canada at the Inter-Continental Hotel, for Leaders of Commonwealth Small Island and Coastal States. The meeting was on the subject of oceans, coastal resilience, and climate change. Seychelles is pleased to push forward the importance of the Blue Economy, as it represents the next frontier for our economies The subject of oceans will be discussed for the first time at the G7 Summit this year, which is being hosted by Canada in June 2018. Prime Minister Trudeau pledged the Canadian Government’s support to Small Island States in climate challenges, and promised to be a helpful voice and partner on the issue. In his intervention, President Faure congratu
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