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...
DURBAN, South AfricaMore than half of Sub Saharan Africa (SSA) population could be living in urban areas by 2050 posing huge challenges for poor towns and cities, which already face challenges such as poverty and inequalities. These are coupled with growing levels of food insecurity and malnutrition in a context of high vulnerability to climate change. In preparation for the challenges attendant to rapid urbanization, some SSA local authorities have started implementing initiatives that improve food security and nutrition through ‘city to city’ collaboration and South-South and Triangular Cooperation (SSTC). These initiatives will see all actors in the food chain, including, consumers, producers, processors, traders and retailers, acquiring new skills and opportunities through th
Kampala, Uganda African youth must reject foreign cultures and traditions including homosexuality as they prepare to take up leadership positions on the continent, Parliamentary Commissioner Cecilia Atim Ogwal has said. Speaking at the opening of the 4th Commonwealth Parliamentary Association (Africa Region) Youth Parliament, Hon. Ogwal warned that accepting the foreign cultures would be selling the future of Africa. “If you have started homosexuality, it’s not too late to stop it and preach to others to stop it,” said Ogwal adding that “If we do not do this, then we will already have sold our future.” The 4th Commonwealth Parliamentary Association (Africa Region) Youth Parliament has attracted participants from Botswana, Ghana, Kenya, Malawi, Mauritius, Nigeria, South Afri
CAPE TOWN, South AfricaParliament’s Portfolio Committee on Justice and Correctional Services has expressed concern at the recent spate of escapes from correctional facilities and will take this critical matter up with the minister and the department when they appear before the committee next week. Committee Chairperson, Dr Mathole Motshekga, expressed the committee's concern as in some instances offenders serving long sentences for serious crimes have escaped. “This puts the lives of our law abiding South Africans citizens at risk. It cannot be allowed to continue. Urgent intervention is required for the spate of escapes." he said He adds that “We need the minister and the two deputy ministers to appear before the committee in public in order to give a full account as to wh
PRETORIA, South Africa Deputy President David Mabuza and Leader of Government Business has today, held a briefing session with leaders of political parties represented in Parliament for an update on the state of readiness for the Memorial and Funeral services of the late struggle stalwart Mama Winnie Madikizela Mandela at the Union Buildings in Pretoria. Following the sad news of the passing of Mama Winnie Madikizela-Mandela, President Cyril Ramaphosa declared a Special Official Funeral Category 1 in line with Official and Provincial Official Funeral Policy. In this regard, Mama Madikizela-Mandela’s funeral will have elements of both military and ceremonial honours. Furthermore, government has since established an Inter-Ministerial Committee led by the Minis
CAPE TOWN, South Africa The Portfolio Committee on Energy has welcomed the signing of agreements with 27 renewable energy independent power producer (IPP) projects. The Chairperson for the Committee Mr Fikile Majola said: “The signing of the agreements with independent power producers is part of the country’s energy mix, which includes renewable energy, as stated in the energy policy by government." The signing of the agreements with independent power producers is part of the country’s energy mix, which includes renewable energy, as stated in the energy policy by government The National Development Plan (NDP) proposes diversity and alternative energy resources and energy supply options. “The signing of the IPPs provide such diversity, as indicated by the NDP,” said
PRETORIA, South Africa South Africa's President Cyril Ramaphosa has declared that the late Mama Nomzamo Winnie Madikizela-Mandela, a recipient of the Order of Luthuli in silver for her “excellent contribution to the fight for the liberation of the people of South Africa” - will be honored with a Special Official Funeral Category 1. A Special Official Funeral Category 1 entails elements of military ceremonial honors and is declared, in line with the Presidency’s State, Official and Provincial Official Funeral Policy, for persons of extraordinary credentials specifically designated by the President of the Republic of South Africa. “Mama Winnie deserves the highest respect our nation can demonstrate in honor of a patriot and citizen who served our nation and humanity at lar
PRETORIA, South Africa The South African government has condemned the latest act of violent aggression carried out by Israeli armed forces in Gaza, which has led to the deaths of about 17 Palestinian citizens, with scores of others reported injured. South Africa reiterates its view that the Israeli Defence Force must withdraw from the Gaza Strip and bring to an end the violent and destructive incursions into Palestinian territories. South Africa maintains further that the violence in the Gaza Strip will stand in the way of rebuilding Palestinian institutions and infrastructure. "The actions of the Israeli armed forces present yet another obstacle to a permanent resolution to the conflict, which must come in the form of two states, Palestine and Israel, existing side-by-s...