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  •   Oil prices fell on Friday as concerns about the deteriorating demand outlook continued to weigh on the market West Texas Intermediate WTI for January delivery fell 1 66 or 2 13 percent to settle at 76 28 a barrel on the New York Mercantile Exchange Brent crude for January delivery shed 1 71 or 2 percent to settle at 83 63 a barrel on the London ICE Futures Exchange For the week WTI fell 4 78 percent while Brent fell 4 55 percent based on prior month contracts Xinhua
    Oil Prices Fall as Demand Concerns Persist-
      Oil prices fell on Friday as concerns about the deteriorating demand outlook continued to weigh on the market West Texas Intermediate WTI for January delivery fell 1 66 or 2 13 percent to settle at 76 28 a barrel on the New York Mercantile Exchange Brent crude for January delivery shed 1 71 or 2 percent to settle at 83 63 a barrel on the London ICE Futures Exchange For the week WTI fell 4 78 percent while Brent fell 4 55 percent based on prior month contracts Xinhua
    Oil Prices Fall as Demand Concerns Persist-
    Foreign1 day ago

    Oil Prices Fall as Demand Concerns Persist-

    - Oil prices fell on Friday as concerns about the deteriorating demand outlook continued to weigh on the market.

    West Texas Intermediate (WTI) for January delivery fell $1.66, or 2.13 percent, to settle at $76.28 a barrel on the New York Mercantile Exchange. Brent crude for January delivery shed $1.71, or 2 percent, to settle at $83.63 a barrel on the London ICE Futures Exchange.

    For the week, WTI fell 4.78 percent, while Brent fell 4.55 percent, based on prior month contracts. ■



    (Xinhua)

  •   The climate for doing business in Latin America has improved in the fourth quarter compared to the third influenced by better perceptions about the current situation but remained less than positive said a report released on Wednesday Brazilian think tank Fundaci n Getulio Vargas said in its quarterly report that the Economic Climate Index ECI rose 11 8 points to 66 5 points a level still well below the 100 point mark that indicates a favorable climate Constructed as the geometric mean of the Present Situation Index PSI and the Expectations Index EI the ECI increased this quarter mainly due to an improvement in the PSI which rose 22 7 points to 67 points according to the report The IE registered 66 1 points with a slight increase of 0 6 points indicating stability Latin America s ICE has remained mostly at an unfavorable level since the third quarter of 2013 according to the report In the fourth quarter the business climate in Brazil has improved the most with an ECI increase of 30 points while Mexico Paraguay Peru and Bolivia have also seen an improvement but only Paraguay 114 7 and Uruguay 108 2 were in the favorable zone There was an improvement in the current situation driven by the largest economies in the region but expectations rose little or fell the report says Xinhua
    LatAm business climate improves, but remains less than positive: report
      The climate for doing business in Latin America has improved in the fourth quarter compared to the third influenced by better perceptions about the current situation but remained less than positive said a report released on Wednesday Brazilian think tank Fundaci n Getulio Vargas said in its quarterly report that the Economic Climate Index ECI rose 11 8 points to 66 5 points a level still well below the 100 point mark that indicates a favorable climate Constructed as the geometric mean of the Present Situation Index PSI and the Expectations Index EI the ECI increased this quarter mainly due to an improvement in the PSI which rose 22 7 points to 67 points according to the report The IE registered 66 1 points with a slight increase of 0 6 points indicating stability Latin America s ICE has remained mostly at an unfavorable level since the third quarter of 2013 according to the report In the fourth quarter the business climate in Brazil has improved the most with an ECI increase of 30 points while Mexico Paraguay Peru and Bolivia have also seen an improvement but only Paraguay 114 7 and Uruguay 108 2 were in the favorable zone There was an improvement in the current situation driven by the largest economies in the region but expectations rose little or fell the report says Xinhua
    LatAm business climate improves, but remains less than positive: report
    Foreign3 days ago

    LatAm business climate improves, but remains less than positive: report

    - The climate for doing business in Latin America has improved in the fourth quarter compared to the third, influenced by better perceptions about the current situation, but remained less than positive, said a report released on Wednesday.

    Brazilian think tank Fundación Getulio Vargas said in its quarterly report that the Economic Climate Index (ECI) rose 11.8 points to 66.5 points, a level still well below the 100-point mark that indicates a favorable climate. .

    Constructed as the geometric mean of the Present Situation Index (PSI) and the Expectations Index (EI), the ECI increased this quarter mainly due to an improvement in the PSI, which rose 22.7 points to 67 points, according to the report. The IE registered 66.1 points with a slight increase of 0.6 points, indicating stability.

    Latin America's ICE has remained mostly at an unfavorable level since the third quarter of 2013, according to the report.

    In the fourth quarter, the business climate in Brazil has improved the most, with an ECI increase of 30 points, while Mexico, Paraguay, Peru and Bolivia have also seen an improvement, but only Paraguay (114.7). and Uruguay (108.2) were in the favorable zone.

    "There was an improvement in the current situation driven by the largest economies in the region, but expectations rose little or fell," the report says. ■



    (Xinhua)

  •   Oil prices fell sharply on Wednesday as traders digested newly released US fuel inventory data West Texas Intermediate for January delivery fell 3 01 or 3 7 percent to settle at 77 94 a barrel on the New York Mercantile Exchange Brent crude for January delivery lost 2 95 or 3 3 percent to settle at 85 41 a barrel on the London ICE Futures Exchange The earlier moves came after US fuel stocks data presented a mixed picture The US Energy Information Administration EIA reported Wednesday that the country s commercial crude oil inventories decreased by 3 7 million barrels during the week ending November 18 while gasoline inventories increased by 3 1 million barrels Analysts polled by The Wall Street Journal had forecast an 800 000 barrel drop in crude supplies and a 200 000 barrel drop in gasoline supplies Oil prices found some support after the latest Federal Reserve meeting minutes showed most policymakers favored a slower pace of adjustment soon US markets are closed Thursday for the Thanksgiving holiday Xinhua
    Oil Prices Fall Amid Mixed US Inventory Data
      Oil prices fell sharply on Wednesday as traders digested newly released US fuel inventory data West Texas Intermediate for January delivery fell 3 01 or 3 7 percent to settle at 77 94 a barrel on the New York Mercantile Exchange Brent crude for January delivery lost 2 95 or 3 3 percent to settle at 85 41 a barrel on the London ICE Futures Exchange The earlier moves came after US fuel stocks data presented a mixed picture The US Energy Information Administration EIA reported Wednesday that the country s commercial crude oil inventories decreased by 3 7 million barrels during the week ending November 18 while gasoline inventories increased by 3 1 million barrels Analysts polled by The Wall Street Journal had forecast an 800 000 barrel drop in crude supplies and a 200 000 barrel drop in gasoline supplies Oil prices found some support after the latest Federal Reserve meeting minutes showed most policymakers favored a slower pace of adjustment soon US markets are closed Thursday for the Thanksgiving holiday Xinhua
    Oil Prices Fall Amid Mixed US Inventory Data
    Foreign3 days ago

    Oil Prices Fall Amid Mixed US Inventory Data

    - Oil prices fell sharply on Wednesday as traders digested newly released US fuel inventory data.

    West Texas Intermediate for January delivery fell $3.01, or 3.7 percent, to settle at $77.94 a barrel on the New York Mercantile Exchange. Brent crude for January delivery lost $2.95, or 3.3 percent, to settle at $85.41 a barrel on the London ICE Futures Exchange.

    The earlier moves came after US fuel stocks data presented a mixed picture.

    The US Energy Information Administration (EIA) reported Wednesday that the country's commercial crude oil inventories decreased by 3.7 million barrels during the week ending November 18, while gasoline inventories increased by 3.1 million barrels.

    Analysts polled by The Wall Street Journal had forecast an 800,000-barrel drop in crude supplies and a 200,000-barrel drop in gasoline supplies.

    Oil prices found some support after the latest Federal Reserve meeting minutes showed most policymakers favored a slower pace of adjustment soon.

    US markets are closed Thursday for the Thanksgiving holiday. ■



    (Xinhua)

  •   The American Petroleum Institute API on Tuesday reported a 4 8 million barrel decline in crude oil in US inventories for the week ending November 18 Analysts had expected a drop of 2 2 million barrels for this week The API reported a drop of 5 835 million barrels in the previous week Oil prices rose on Tuesday as market participants weighed supplies from major producers West Texas Intermediate for January delivery rose 91 cents or 1 1 percent to settle at 80 95 US dollars a barrel on the New York Mercantile Exchange Brent crude for January delivery rose 91 cents or 1 percent to settle at 88 36 a barrel on the London ICE Futures exchange The above market reactions came after key members of the Organization of the Petroleum Exporting Countries OPEC such as Saudi Arabia the United Arab Emirates and Kuwait stressed that the alliance aims for stability in the oil market denying the reports that there have been discussions to increase oil production at the next OPEC meeting OPEC and its allies collectively known as OPEC decided during a recent ministerial meeting to cut production by 2 million barrels per day starting in November The API figure shows how much oil and product is in storage giving an overview of US oil demand If the build in crude inventories is higher than expected it implies weaker demand and is bearish for crude oil prices Xinhua
    US crude oil inventories fall: API-
      The American Petroleum Institute API on Tuesday reported a 4 8 million barrel decline in crude oil in US inventories for the week ending November 18 Analysts had expected a drop of 2 2 million barrels for this week The API reported a drop of 5 835 million barrels in the previous week Oil prices rose on Tuesday as market participants weighed supplies from major producers West Texas Intermediate for January delivery rose 91 cents or 1 1 percent to settle at 80 95 US dollars a barrel on the New York Mercantile Exchange Brent crude for January delivery rose 91 cents or 1 percent to settle at 88 36 a barrel on the London ICE Futures exchange The above market reactions came after key members of the Organization of the Petroleum Exporting Countries OPEC such as Saudi Arabia the United Arab Emirates and Kuwait stressed that the alliance aims for stability in the oil market denying the reports that there have been discussions to increase oil production at the next OPEC meeting OPEC and its allies collectively known as OPEC decided during a recent ministerial meeting to cut production by 2 million barrels per day starting in November The API figure shows how much oil and product is in storage giving an overview of US oil demand If the build in crude inventories is higher than expected it implies weaker demand and is bearish for crude oil prices Xinhua
    US crude oil inventories fall: API-
    Foreign4 days ago

    US crude oil inventories fall: API-

    - The American Petroleum Institute (API) on Tuesday reported a 4.8 million-barrel decline in crude oil in US inventories for the week ending November 18.

    Analysts had expected a drop of 2.2 million barrels for this week.

    The API reported a drop of 5.835 million barrels in the previous week.

    Oil prices rose on Tuesday as market participants weighed supplies from major producers.

    West Texas Intermediate for January delivery rose 91 cents, or 1.1 percent, to settle at 80.95 US dollars a barrel on the New York Mercantile Exchange. Brent crude for January delivery rose 91 cents, or 1 percent, to settle at $88.36 a barrel on the London ICE Futures exchange.

    The above market reactions came after key members of the Organization of the Petroleum Exporting Countries (OPEC) such as Saudi Arabia, the United Arab Emirates and Kuwait stressed that the alliance aims for stability in the oil market, denying the reports that there have been discussions to increase oil production at the next OPEC+ meeting.

    OPEC and its allies, collectively known as OPEC+, decided during a recent ministerial meeting to cut production by 2 million barrels per day starting in November.

    The API figure shows how much oil and product is in storage, giving an overview of US oil demand. If the build in crude inventories is higher than expected, it implies weaker demand and is bearish for crude oil prices. ■



    (Xinhua)

  •  The National Drug Law Enforcement Agency NDLEA on Saturday said a 26 year old drug dealer has been handed over to it for investigations and prosecution by the State Police Command Mr Abdulkadir Abdullahi Fakai Kogi NDLEA Commander made the disclosure while speaking with the News Agency of Nigeria in Lokoja The NDLEA today Saturday Sept 10 acknowledged the transfer of Friday Momoh a suspected drug dealer to us by the Nigeria Police on Friday Sept 9 Momoh was reportedly arrested just by the gate of the Kogi State Polytechnic by the security men of the institution he said Abdullahi Fakai disclosed that the suspect was nabbed with multiple drugs including Cannabis Sativa aka indian Hemp adding investigation has since commenced The commander thanked the Police in Kogi especially the CP Edward Egbuka for the sustained synergy cooperation and understanding existing between the force and his agency NAN reports that operatives of Kogi Polytechnic Security Unit on Thursday intercepted Momoh who was in possession of suspected hard drugs while trying to enter the main campus of the Polytechnic in Lokoja Found in his possession were 66 wraps of weed suspected to be Indian Hemp 4 containers of the weed assorted charms scissors N52 000 cash and other hard drugs called ICE NewsSourceCredit NAN
    NDLEA confirms custody of 26-year-old suspected drug dealer in Kogi
     The National Drug Law Enforcement Agency NDLEA on Saturday said a 26 year old drug dealer has been handed over to it for investigations and prosecution by the State Police Command Mr Abdulkadir Abdullahi Fakai Kogi NDLEA Commander made the disclosure while speaking with the News Agency of Nigeria in Lokoja The NDLEA today Saturday Sept 10 acknowledged the transfer of Friday Momoh a suspected drug dealer to us by the Nigeria Police on Friday Sept 9 Momoh was reportedly arrested just by the gate of the Kogi State Polytechnic by the security men of the institution he said Abdullahi Fakai disclosed that the suspect was nabbed with multiple drugs including Cannabis Sativa aka indian Hemp adding investigation has since commenced The commander thanked the Police in Kogi especially the CP Edward Egbuka for the sustained synergy cooperation and understanding existing between the force and his agency NAN reports that operatives of Kogi Polytechnic Security Unit on Thursday intercepted Momoh who was in possession of suspected hard drugs while trying to enter the main campus of the Polytechnic in Lokoja Found in his possession were 66 wraps of weed suspected to be Indian Hemp 4 containers of the weed assorted charms scissors N52 000 cash and other hard drugs called ICE NewsSourceCredit NAN
    NDLEA confirms custody of 26-year-old suspected drug dealer in Kogi
    Defence/Security3 months ago

    NDLEA confirms custody of 26-year-old suspected drug dealer in Kogi

    The National Drug Law Enforcement Agency (NDLEA) on Saturday said a 26-year-old drug dealer has been handed over to it for investigations and prosecution by the State Police Command.

    Mr Abdulkadir Abdullahi-Fakai, Kogi NDLEA Commander, made the disclosure while speaking with the News Agency of Nigeria in Lokoja.

    “The NDLEA today, Saturday, Sept 10, acknowledged the transfer of Friday Momoh, a suspected drug dealer to us by the Nigeria Police on Friday, Sept. 9. “Momoh was reportedly arrested just by the gate of the Kogi State Polytechnic by the security men of the institution, ” he said.

    Abdullahi-Fakai disclosed that the suspect was nabbed with multiple drugs including Cannabis Sativa aka indian Hemp, adding, ”investigation has since commenced.

    ” The commander thanked the Police in Kogi especially the CP, Edward Egbuka, for the sustained synergy, cooperation and understanding existing between the force and his agency.

    NAN reports that operatives of Kogi Polytechnic Security Unit on Thursday intercepted Momoh, who was in possession of suspected hard drugs while trying to enter the main campus of the Polytechnic in Lokoja.

    Found in his possession were 66 wraps of weed suspected to be Indian Hemp, 4 containers of the weed, assorted charms, scissors, N52,000 cash and other hard drugs called ‘ICE’.


    NewsSourceCredit: NAN

  •   The 3rd Annual Meeting of the Board of Governors BoG of the Arab Africa Trade Bridges Program AATB recently held in Cairo Egypt chaired by Dr Hala ElSaid Minister of Planning and Economic Development convened all partners strategic stakeholders and public and private sector actors in the Program to strengthen the role of regional value chains in Arab and African states in support of the AfCFTA The historic event included a panel discussion on the role of the AATB Program in the implementation of the AfCFTA in both regions In particular the Islamic Corporation for Investment Insurance and Export Credits ICIEC and Afreximbank signed a memorandum of understanding This agreement establishes a dedicated program that will focus on risk sharing credit enhancement for export and import financing support for the transformation of digitalization capacity building and marketing of the bank During the opening ceremony HE Dr Hala El Said Minister of Planning and Economic Development of the Arab Republic of Egypt and Chairman of the AATB Board of Governors also mentioned The AATB meeting provided an opportunity to consult and exchange ideas visions and successful experiences to enhance our efforts to develop trade and investment flows between African and Arab countries The Arab Republic of Egypt is proud of the continuous and fruitful cooperation with the International Islamic Trade Finance Corporation ITFC and other strategic partners through the AATB Program A vital role of the AATB Program is to promote regional and continental trade and investment cooperation between Egypt Arab countries and African countries The Program promotes critical areas such as capacity building programs to support women in trade support SMEs and exporters while addressing the negative effects of the coronavirus on the Arab and African economies through vital interventions in health and food safety said Ms Nevin Gamea Minister of Trade and Industry of the Arab Republic of Egypt In his speech HE Dr Majid Bin Abdullah AlKassabi Minister of Commerce of the Kingdom of Saudi Arabia stated that Africa consists of 54 countries and is a continent rich in human and natural resources The AATB Program is a wonderful opportunity for the business development of the African and Arab regions as well as to connect and facilitate trade between African countries Therefore we need to employ all resources to drive trade reinforcement and promote trade resilience and this is where the AATB Program will have a significant impact Mr Alamine Ousmane Mey Minister of Economy Planning and Territorial Development of Cameroon added Covid 19 and recent geopolitical developments have shown that we need to strengthen our ties and trade between OIC member countries In Cameroon we are committed to pursuing inclusive and sustainable development through our national development strategy and the AfCFTA We are also looking to build high structural transformation and nurture human capital as well as promote greater interaction with the world economy In his opening remarks Professor Benedict Oramah President and Chairman of the Board of Directors of Afreximbank said With the world in a state of continuing crisis partnerships such as the Arab African Trade Bridges Program will strengthen the African and Arab world to address the trade and economic fallout of these crises working to mitigate any lasting impact HE Dr Sidi Ould Tah Director General Arab Bank for Economic Development in Africa BADEA Former President of the Executive Committee 2017 2021 said AATB is a cooperation program between Arab and African countries BADEA as one of the founding members of AATB supports and finances infrastructure projects in Africa that facilitate trade and promote development Through these efforts we will continue to aid and support AATB s goals to enhance trade and investment opportunities between the two regions ITFC CEO Hani Salem Sonbol stated The AATB program has been instrumental in mitigating the negative effects of the COVID 19 pandemic on the health and food safety sectors ITFC research indicates that the AfCFTA will contribute to the creation of regional value chains and provide an opportunity for governments to engage in upskilling and investment in productive capacities that will accelerate the return of regions to more inclusive growth The ITFC together with its partners will continue to play its role in the development of Arab African trade as well as in promoting further integration among African countries through trade facilitation The roundtable session featured high level speakers including AATB partners stakeholders and ministers from OIC member countries who spoke on the topic Regional value chains and their importance in increasing trade and investment flows between Arab and African countries Key outcomes from this session highlighted upcoming areas of focus in light of the renewed direction following the COVID 19 pandemic and the great successes achieved thus far as well as demonstrating a commitment to strengthening cooperation while promoting the importance of interregional associations and the power of alliances in light of the AfCFTA Commenting on the signing of a memorandum of understanding Mr Oussama Kaissi Executive Director of the Islamic Corporation for Investment Insurance and Export Credit ICIEC ICE IK stated We look forward to carrying out this comprehensive MoU with Afreximbank to facilitate and promote African trade We trust that the MoU will further cement our existing good relations with the Bank as we pursue our mutual goal of boosting African intra Arab trade in OIC member countries In support of driving internal trade between the two regions ICIEC will leverage our tried and tested suite of risk reduction and credit enhancement solutions ICD stands ready to support the AATB Program by promoting and increasing investment flows between African and Arab member countries ICD will lead the Investment Pillar of the AATB Programme which aims to mobilize and allocate resources for impactful investments in Arab and African countries said Mr Ayman Sejiny Executive Director of the Islamic Corporation for Private Sector Development ICD Commenting on the potential of the Arab African value chain Mr Wamkele Mene Secretary General of the African Continental Free Trade Area AfCFTA said The African continent contributes less than 3 to world trade and production and less than 2 to world production GDP which is largely due to the deficit in industrial capacity This regional partnership presents an opportunity for all of us to identify critical value chains for investment in the productive sector to create jobs on the African continent On the sidelines of the 3rd Annual Board Meeting a visit to Egypt s Medicine City was organized to showcase Egypt s capabilities in medicine supply chain production Africa s healthcare industry is of great importance to the AATB Programme and this is reflected in the AATB s Pharmaceutical Standards Harmonization which aims to drive the manufacture of high quality local pharmaceutical products and services Since its launch in 2017 the Arab Africa Trade Bridges program has become the main platform to boost trade between Africa and the Arab regions with important initiatives that strengthen growth and prosperity in beneficiary countries
    Arab-Africa Trade Bridges (AATB) Board of Governors Meeting Concludes with Way Forward to Drive Trade and Investment Flows
      The 3rd Annual Meeting of the Board of Governors BoG of the Arab Africa Trade Bridges Program AATB recently held in Cairo Egypt chaired by Dr Hala ElSaid Minister of Planning and Economic Development convened all partners strategic stakeholders and public and private sector actors in the Program to strengthen the role of regional value chains in Arab and African states in support of the AfCFTA The historic event included a panel discussion on the role of the AATB Program in the implementation of the AfCFTA in both regions In particular the Islamic Corporation for Investment Insurance and Export Credits ICIEC and Afreximbank signed a memorandum of understanding This agreement establishes a dedicated program that will focus on risk sharing credit enhancement for export and import financing support for the transformation of digitalization capacity building and marketing of the bank During the opening ceremony HE Dr Hala El Said Minister of Planning and Economic Development of the Arab Republic of Egypt and Chairman of the AATB Board of Governors also mentioned The AATB meeting provided an opportunity to consult and exchange ideas visions and successful experiences to enhance our efforts to develop trade and investment flows between African and Arab countries The Arab Republic of Egypt is proud of the continuous and fruitful cooperation with the International Islamic Trade Finance Corporation ITFC and other strategic partners through the AATB Program A vital role of the AATB Program is to promote regional and continental trade and investment cooperation between Egypt Arab countries and African countries The Program promotes critical areas such as capacity building programs to support women in trade support SMEs and exporters while addressing the negative effects of the coronavirus on the Arab and African economies through vital interventions in health and food safety said Ms Nevin Gamea Minister of Trade and Industry of the Arab Republic of Egypt In his speech HE Dr Majid Bin Abdullah AlKassabi Minister of Commerce of the Kingdom of Saudi Arabia stated that Africa consists of 54 countries and is a continent rich in human and natural resources The AATB Program is a wonderful opportunity for the business development of the African and Arab regions as well as to connect and facilitate trade between African countries Therefore we need to employ all resources to drive trade reinforcement and promote trade resilience and this is where the AATB Program will have a significant impact Mr Alamine Ousmane Mey Minister of Economy Planning and Territorial Development of Cameroon added Covid 19 and recent geopolitical developments have shown that we need to strengthen our ties and trade between OIC member countries In Cameroon we are committed to pursuing inclusive and sustainable development through our national development strategy and the AfCFTA We are also looking to build high structural transformation and nurture human capital as well as promote greater interaction with the world economy In his opening remarks Professor Benedict Oramah President and Chairman of the Board of Directors of Afreximbank said With the world in a state of continuing crisis partnerships such as the Arab African Trade Bridges Program will strengthen the African and Arab world to address the trade and economic fallout of these crises working to mitigate any lasting impact HE Dr Sidi Ould Tah Director General Arab Bank for Economic Development in Africa BADEA Former President of the Executive Committee 2017 2021 said AATB is a cooperation program between Arab and African countries BADEA as one of the founding members of AATB supports and finances infrastructure projects in Africa that facilitate trade and promote development Through these efforts we will continue to aid and support AATB s goals to enhance trade and investment opportunities between the two regions ITFC CEO Hani Salem Sonbol stated The AATB program has been instrumental in mitigating the negative effects of the COVID 19 pandemic on the health and food safety sectors ITFC research indicates that the AfCFTA will contribute to the creation of regional value chains and provide an opportunity for governments to engage in upskilling and investment in productive capacities that will accelerate the return of regions to more inclusive growth The ITFC together with its partners will continue to play its role in the development of Arab African trade as well as in promoting further integration among African countries through trade facilitation The roundtable session featured high level speakers including AATB partners stakeholders and ministers from OIC member countries who spoke on the topic Regional value chains and their importance in increasing trade and investment flows between Arab and African countries Key outcomes from this session highlighted upcoming areas of focus in light of the renewed direction following the COVID 19 pandemic and the great successes achieved thus far as well as demonstrating a commitment to strengthening cooperation while promoting the importance of interregional associations and the power of alliances in light of the AfCFTA Commenting on the signing of a memorandum of understanding Mr Oussama Kaissi Executive Director of the Islamic Corporation for Investment Insurance and Export Credit ICIEC ICE IK stated We look forward to carrying out this comprehensive MoU with Afreximbank to facilitate and promote African trade We trust that the MoU will further cement our existing good relations with the Bank as we pursue our mutual goal of boosting African intra Arab trade in OIC member countries In support of driving internal trade between the two regions ICIEC will leverage our tried and tested suite of risk reduction and credit enhancement solutions ICD stands ready to support the AATB Program by promoting and increasing investment flows between African and Arab member countries ICD will lead the Investment Pillar of the AATB Programme which aims to mobilize and allocate resources for impactful investments in Arab and African countries said Mr Ayman Sejiny Executive Director of the Islamic Corporation for Private Sector Development ICD Commenting on the potential of the Arab African value chain Mr Wamkele Mene Secretary General of the African Continental Free Trade Area AfCFTA said The African continent contributes less than 3 to world trade and production and less than 2 to world production GDP which is largely due to the deficit in industrial capacity This regional partnership presents an opportunity for all of us to identify critical value chains for investment in the productive sector to create jobs on the African continent On the sidelines of the 3rd Annual Board Meeting a visit to Egypt s Medicine City was organized to showcase Egypt s capabilities in medicine supply chain production Africa s healthcare industry is of great importance to the AATB Programme and this is reflected in the AATB s Pharmaceutical Standards Harmonization which aims to drive the manufacture of high quality local pharmaceutical products and services Since its launch in 2017 the Arab Africa Trade Bridges program has become the main platform to boost trade between Africa and the Arab regions with important initiatives that strengthen growth and prosperity in beneficiary countries
    Arab-Africa Trade Bridges (AATB) Board of Governors Meeting Concludes with Way Forward to Drive Trade and Investment Flows
    Africa8 months ago

    Arab-Africa Trade Bridges (AATB) Board of Governors Meeting Concludes with Way Forward to Drive Trade and Investment Flows

    The 3rd Annual Meeting of the Board of Governors (BoG) of the Arab-Africa Trade Bridges Program (AATB) recently held in Cairo, Egypt, chaired by Dr. Hala ElSaid, Minister of Planning and Economic Development, convened all partners, strategic stakeholders, and public and private sector actors in the Program to strengthen the role of regional value chains in Arab and African states in support of the AfCFTA. The historic event included a panel discussion on the role of the AATB Program in the implementation of the AfCFTA in both regions.

    In particular, the Islamic Corporation for Investment Insurance and Export Credits (ICIEC) and Afreximbank signed a memorandum of understanding. This agreement establishes a dedicated program that will focus on risk sharing, credit enhancement for export and import financing, support for the transformation of digitalization, capacity building and marketing of the bank.

    During the opening ceremony, HE Dr. Hala El Said, Minister of Planning and Economic Development of the Arab Republic of Egypt and Chairman of the AATB Board of Governors also mentioned: "The AATB meeting provided an opportunity to consult and exchange ideas , visions, and successful experiences to enhance our efforts to develop trade and investment flows between African and Arab countries The Arab Republic of Egypt is proud of the continuous and fruitful cooperation with the International Islamic Trade Finance Corporation (ITFC ) and other strategic partners through the AATB Program.”

    “A vital role of the AATB Program is to promote regional and continental trade and investment cooperation between Egypt, Arab countries and African countries. The Program promotes critical areas such as capacity building programs to support women in trade, support SMEs and exporters, while addressing the negative effects of the coronavirus on the Arab and African economies through vital interventions. in health and food safety,” said Ms. Nevin Gamea, Minister of Trade and Industry of the Arab Republic of Egypt.

    In his speech, HE Dr. Majid Bin Abdullah AlKassabi, Minister of Commerce of the Kingdom of Saudi Arabia, stated that “Africa consists of 54 countries and is a continent rich in human and natural resources. The AATB Program is a wonderful opportunity for the business development of the African and Arab regions, as well as to connect and facilitate trade between African countries. Therefore, we need to employ all resources to drive trade reinforcement and promote trade resilience, and this is where the AATB Program will have a significant impact.”

    Mr. Alamine Ousmane Mey, Minister of Economy, Planning and Territorial Development of Cameroon, added: “Covid-19 and recent geopolitical developments have shown that we need to strengthen our ties and trade between OIC member countries. In Cameroon, we are committed to pursuing inclusive and sustainable development through our national development strategy and the AfCFTA. We are also looking to build high structural transformation and nurture human capital, as well as promote greater interaction with the world economy.”

    In his opening remarks, Professor Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, said: “With the world in a state of continuing crisis, partnerships such as the Arab-African Trade Bridges Program will strengthen the African and Arab world. to address the trade and economic fallout of these crises, working to mitigate any lasting impact."

    HE Dr. Sidi Ould Tah, Director General, Arab Bank for Economic Development in Africa (BADEA), Former President of the Executive Committee (2017-2021) said "AATB is a cooperation program between Arab and African countries. BADEA, as one of the founding members of AATB supports and finances infrastructure projects in Africa that facilitate trade and promote development.Through these efforts, we will continue to aid and support AATB's goals to enhance trade and investment opportunities between the two regions".

    ITFC CEO Hani Salem Sonbol stated: “The AATB program has been instrumental in mitigating the negative effects of the COVID-19 pandemic on the health and food safety sectors. ITFC research indicates that the AfCFTA will contribute to the creation of regional value chains and provide an opportunity for governments to engage in upskilling and investment in productive capacities that will accelerate the return of regions to more inclusive growth. . The ITFC, together with its partners, will continue to play its role in the development of Arab-African trade, as well as in promoting further integration among African countries through trade facilitation."

    The roundtable session featured high-level speakers including AATB partners, stakeholders and ministers from OIC member countries who spoke on the topic; “Regional value chains and their importance in increasing trade and investment flows between Arab and African countries”. Key outcomes from this session highlighted upcoming areas of focus in light of the renewed direction following the COVID-19 pandemic and the great successes achieved thus far, as well as demonstrating a commitment to strengthening cooperation while promoting the importance of interregional associations and the power of alliances. in light of the AfCFTA.

    Commenting on the signing of a memorandum of understanding, Mr. Oussama Kaissi, Executive Director of the Islamic Corporation for Investment Insurance and Export Credit (ICIEC) ICE-IK stated: “We look forward to carrying out this comprehensive MoU with Afreximbank to facilitate and promote African trade. We trust that the MoU will further cement our existing good relations with the Bank as we pursue our mutual goal of boosting African intra-Arab trade in OIC member countries. In support of driving internal trade between the two regions, ICIEC will leverage our tried and tested suite of risk reduction and credit enhancement solutions.”

    “ICD stands ready to support the AATB Program by promoting and increasing investment flows between African and Arab member countries. ICD will lead the Investment Pillar of the AATB Programme, which aims to mobilize and allocate resources for impactful investments in Arab and African countries,” said Mr. Ayman Sejiny, Executive Director of the Islamic Corporation for Private Sector Development (ICD).

    Commenting on the potential of the Arab-African value chain, Mr. Wamkele Mene, Secretary General of the African Continental Free Trade Area (AfCFTA) said: "The African continent contributes less than 3% to world trade and production and less than 2% to world production". GDP, which is largely due to the deficit in industrial capacity. This regional partnership presents an opportunity for all of us to identify critical value chains for investment in the productive sector to create jobs on the African continent.

    On the sidelines of the 3rd Annual Board Meeting, a visit to Egypt's Medicine City was organized to showcase Egypt's capabilities in medicine supply chain production. Africa's healthcare industry is of great importance to the AATB Programme, and this is reflected in the AATB's “Pharmaceutical Standards Harmonization”, which aims to drive the manufacture of high-quality local pharmaceutical products and services.

    Since its launch in 2017, the Arab Africa Trade Bridges program has become the main platform to boost trade between Africa and the Arab regions with important initiatives that strengthen growth and prosperity in beneficiary countries.

  •   Cameroonian authorities subjected dozens of asylum seekers deported by the United States to serious human rights violations between 2019 and 2021 Human Rights Watch said in a report released today The 149 page report How Can You Return Us Asylum Seekers Abused in US in October and November 2020 and Others Deported in 2021 and 2019 Returnees to Cameroon Faced Arbitrary Arrest and Detention enforced disappearances torture rape and other forms of violence extortion unfair prosecutions confiscation of their national identity documents harassment and abuses against their family members Many also reported experiencing excessive force medical negligence and other ill treatment in custody from Immigration and Customs Enforcement ICE in the US The US government completely defrauded Cameroonians of credible asylum claims by sending them back to the country they fled from and mistreating people who were already traumatized before and during deportation said Lauren Seibert a rights researcher of refugees and migrants from Human Rights Watch The governments of Cameroon and the US must remedy these abuses and US authorities must provide opportunities for wrongfully deported Cameroonians to return and reapply for asylum By returning Cameroonians to face persecution torture and other serious harm the US violated the principle of non refoulement a cornerstone of international refugee and human rights law Between December 2020 and January 2022 Human Rights Watch interviewed 41 deported Cameroonian asylum seekers 4 asylum seekers in the US and 54 others in the US and Cameroon including relatives and friends of those deported abuse witnesses attorneys immigrant rights advocates activists and experts Human Rights Watch collected and analyzed US immigration and asylum documents from deportees as well as photos videos recordings and medical and legal documents that corroborate accounts of ill treatment in Cameroon Cameroon has faced humanitarian crises in various regions in recent years Respect for human rights has deteriorated and the government has increasingly cracked down on opposition and dissent Violence since late 2016 by government forces and armed separatist groups in Cameroon s two Anglophone regions has led to mass displacement as has intercommunal violence and the ongoing conflict with Boko Haram in the Far North region We put all our hope in the US when we went to seek refuge said a 37 year old man who was deported to Cameroon in October 2020 We did not imagine that the US would send us back like this He spent nearly three years in immigration detention in the US and was arbitrarily detained in Cameroon after his return He remains hidden The people interviewed were deported during the Trump administration which was characterized by hardline immigration policies restricted access to asylum and racist and anti immigrant rhetoric Although conditions in Cameroon had not improved the rate at which Cameroonians were granted asylum or other protection by US immigration courts fell by 24 between fiscal years 2019 and 2020 deported more than 100 Cameroonians in 2020 The Biden administration took the positive step of canceling a February 2021 deportation flight to Cameroon However he deported several Cameroonians in October 2021 and has not designated Temporary Protected Status for Cameroon even though conditions make return unsafe Almost all of the deportees interviewed had fled Cameroon between 2017 and 2020 for reasons related to the crisis in the Anglophone regions Human Rights Watch research indicates that many had credible asylum claims but due process concerns fact finding inaccuracies and other issues contributed to unfair asylum decisions The lack of impartiality of US immigration judges who are part of the executive branch not the independent judiciary seemed to play a role Nearly all of the deported Cameroonians interviewed 35 of 41 were assigned to judges with asylum denial rates 10 to 30 percentage points higher than the national average ICE also failed to protect confidential asylum documents during deportations leading to confiscation of documents and apparent retribution from Cameroonian authorities Between 2019 and 2021 Cameroonian police gendarmes military personnel and other officials detained or imprisoned at least 39 people deported from the US Authorities detained many without due process or in subhuman conditions for periods ranging between days and months Some were held incommunicado Human Rights Watch documented 14 cases of physical abuse or assault of 13 deportees 13 by Cameroonian authorities including 9 detainees and 1 by armed separatists State agents raped three women in custody subjected a man to forced labor and severely beat returnees often during interrogations Several of these cases amount to torture A woman deported in October 2020 said she was tortured and raped by gendarmes or military for six weeks in detention in Bamenda northwestern region Every two days they used ropes rubber tubes their boots military belts They hit me all over my body They said that I destroyed the image of Cameroon so I had to pay for it State agents harmed or attacked the relatives of at least seven deportees While searching for returnees government forces reportedly shot dead a woman s sister kidnapped a man s 11 year old son and severely beat a man s mother Others were arbitrarily detained extorted and harassed Cameroonian authorities threatened and ill treated returnees not only for reasons related to their initial flight but also for seeking asylum in the US and for their actual or perceived opposition to the government Officials He said You guys left here ran to the US telling lies about the government said a woman deported in October 2020 Nearly all of those interviewed also mentioned mistreatment during immigration detention in the US transfers or ICE flights ICE detained all but one of the 41 asylum seekers interviewed for lengthy and unnecessary periods an average of 1 5 years Human Rights Watch documented 24 cases of alleged excessive force cruel or inhuman treatment or other physical abuse by ICE agents other officials or ICE contractors against 18 Cameroonians subsequently deported The deported Cameroonians have not yet received compensation for the damages suffered As of January many remained in grave danger in Cameroon or were struggling to survive after fleeing again Human Rights Watch and members of the Cameroon Advocacy Network CAN a coalition of immigrant rights groups and Cameroonian immigrants in the US urged the US government to grant Cameroonians deported between 2020 and 2021 the humanitarian parole to return to the US reasons The suffering that Cameroonians deported from the US have gone through is heartbreaking and makes it very clear that Cameroon is not safe for return said Daniel Tse coordinator of CAN If the Biden administration hopes to make the US immigration system more humane it should right the wrongs against Cameroonian asylum seekers and stop deportations to Cameroon
    US: Deported Cameroonian Asylum Seekers Suffer Serious Harm
      Cameroonian authorities subjected dozens of asylum seekers deported by the United States to serious human rights violations between 2019 and 2021 Human Rights Watch said in a report released today The 149 page report How Can You Return Us Asylum Seekers Abused in US in October and November 2020 and Others Deported in 2021 and 2019 Returnees to Cameroon Faced Arbitrary Arrest and Detention enforced disappearances torture rape and other forms of violence extortion unfair prosecutions confiscation of their national identity documents harassment and abuses against their family members Many also reported experiencing excessive force medical negligence and other ill treatment in custody from Immigration and Customs Enforcement ICE in the US The US government completely defrauded Cameroonians of credible asylum claims by sending them back to the country they fled from and mistreating people who were already traumatized before and during deportation said Lauren Seibert a rights researcher of refugees and migrants from Human Rights Watch The governments of Cameroon and the US must remedy these abuses and US authorities must provide opportunities for wrongfully deported Cameroonians to return and reapply for asylum By returning Cameroonians to face persecution torture and other serious harm the US violated the principle of non refoulement a cornerstone of international refugee and human rights law Between December 2020 and January 2022 Human Rights Watch interviewed 41 deported Cameroonian asylum seekers 4 asylum seekers in the US and 54 others in the US and Cameroon including relatives and friends of those deported abuse witnesses attorneys immigrant rights advocates activists and experts Human Rights Watch collected and analyzed US immigration and asylum documents from deportees as well as photos videos recordings and medical and legal documents that corroborate accounts of ill treatment in Cameroon Cameroon has faced humanitarian crises in various regions in recent years Respect for human rights has deteriorated and the government has increasingly cracked down on opposition and dissent Violence since late 2016 by government forces and armed separatist groups in Cameroon s two Anglophone regions has led to mass displacement as has intercommunal violence and the ongoing conflict with Boko Haram in the Far North region We put all our hope in the US when we went to seek refuge said a 37 year old man who was deported to Cameroon in October 2020 We did not imagine that the US would send us back like this He spent nearly three years in immigration detention in the US and was arbitrarily detained in Cameroon after his return He remains hidden The people interviewed were deported during the Trump administration which was characterized by hardline immigration policies restricted access to asylum and racist and anti immigrant rhetoric Although conditions in Cameroon had not improved the rate at which Cameroonians were granted asylum or other protection by US immigration courts fell by 24 between fiscal years 2019 and 2020 deported more than 100 Cameroonians in 2020 The Biden administration took the positive step of canceling a February 2021 deportation flight to Cameroon However he deported several Cameroonians in October 2021 and has not designated Temporary Protected Status for Cameroon even though conditions make return unsafe Almost all of the deportees interviewed had fled Cameroon between 2017 and 2020 for reasons related to the crisis in the Anglophone regions Human Rights Watch research indicates that many had credible asylum claims but due process concerns fact finding inaccuracies and other issues contributed to unfair asylum decisions The lack of impartiality of US immigration judges who are part of the executive branch not the independent judiciary seemed to play a role Nearly all of the deported Cameroonians interviewed 35 of 41 were assigned to judges with asylum denial rates 10 to 30 percentage points higher than the national average ICE also failed to protect confidential asylum documents during deportations leading to confiscation of documents and apparent retribution from Cameroonian authorities Between 2019 and 2021 Cameroonian police gendarmes military personnel and other officials detained or imprisoned at least 39 people deported from the US Authorities detained many without due process or in subhuman conditions for periods ranging between days and months Some were held incommunicado Human Rights Watch documented 14 cases of physical abuse or assault of 13 deportees 13 by Cameroonian authorities including 9 detainees and 1 by armed separatists State agents raped three women in custody subjected a man to forced labor and severely beat returnees often during interrogations Several of these cases amount to torture A woman deported in October 2020 said she was tortured and raped by gendarmes or military for six weeks in detention in Bamenda northwestern region Every two days they used ropes rubber tubes their boots military belts They hit me all over my body They said that I destroyed the image of Cameroon so I had to pay for it State agents harmed or attacked the relatives of at least seven deportees While searching for returnees government forces reportedly shot dead a woman s sister kidnapped a man s 11 year old son and severely beat a man s mother Others were arbitrarily detained extorted and harassed Cameroonian authorities threatened and ill treated returnees not only for reasons related to their initial flight but also for seeking asylum in the US and for their actual or perceived opposition to the government Officials He said You guys left here ran to the US telling lies about the government said a woman deported in October 2020 Nearly all of those interviewed also mentioned mistreatment during immigration detention in the US transfers or ICE flights ICE detained all but one of the 41 asylum seekers interviewed for lengthy and unnecessary periods an average of 1 5 years Human Rights Watch documented 24 cases of alleged excessive force cruel or inhuman treatment or other physical abuse by ICE agents other officials or ICE contractors against 18 Cameroonians subsequently deported The deported Cameroonians have not yet received compensation for the damages suffered As of January many remained in grave danger in Cameroon or were struggling to survive after fleeing again Human Rights Watch and members of the Cameroon Advocacy Network CAN a coalition of immigrant rights groups and Cameroonian immigrants in the US urged the US government to grant Cameroonians deported between 2020 and 2021 the humanitarian parole to return to the US reasons The suffering that Cameroonians deported from the US have gone through is heartbreaking and makes it very clear that Cameroon is not safe for return said Daniel Tse coordinator of CAN If the Biden administration hopes to make the US immigration system more humane it should right the wrongs against Cameroonian asylum seekers and stop deportations to Cameroon
    US: Deported Cameroonian Asylum Seekers Suffer Serious Harm
    Africa10 months ago

    US: Deported Cameroonian Asylum Seekers Suffer Serious Harm

    Cameroonian authorities subjected dozens of asylum seekers deported by the United States to serious human rights violations between 2019 and 2021, Human Rights Watch said in a report released today.

    The 149-page report, "'How Can You Return Us?': Asylum Seekers Abused in US in October and November 2020, and Others Deported in 2021 and 2019. Returnees to Cameroon Faced Arbitrary Arrest and Detention; enforced disappearances; torture, rape, and other forms of violence; extortion; unfair prosecutions; confiscation of their national identity documents; harassment; and abuses against their family members Many also reported experiencing excessive force, medical negligence, and other ill-treatment in custody from Immigration and Customs Enforcement (ICE) in the US.

    “The US government completely defrauded Cameroonians of credible asylum claims by sending them back to the country they fled from and mistreating people who were already traumatized before and during deportation,” said Lauren Seibert, a rights researcher. of refugees and migrants from Human Rights Watch. “The governments of Cameroon and the US must remedy these abuses, and US authorities must provide opportunities for wrongfully deported Cameroonians to return and reapply for asylum.”

    By returning Cameroonians to face persecution, torture and other serious harm, the US violated the principle of non-refoulement, a cornerstone of international refugee and human rights law.

    Between December 2020 and January 2022, Human Rights Watch interviewed 41 deported Cameroonian asylum seekers, 4 asylum seekers in the US, and 54 others in the US and Cameroon, including relatives and friends of those deported, abuse witnesses, attorneys, immigrant rights advocates, activists, and experts. Human Rights Watch collected and analyzed US immigration and asylum documents from deportees, as well as photos, videos, recordings, and medical and legal documents that corroborate accounts of ill-treatment in Cameroon.

    Cameroon has faced humanitarian crises in various regions in recent years. Respect for human rights has deteriorated and the government has increasingly cracked down on opposition and dissent. Violence since late 2016 by government forces and armed separatist groups in Cameroon's two Anglophone regions has led to mass displacement, as has intercommunal violence and the ongoing conflict with Boko Haram in the Far North region.

    “We put all our hope in the US when we went to seek refuge,” said a 37-year-old man who was deported to Cameroon in October 2020. “We did not imagine that the US would send us back like this.” He spent nearly three years in immigration detention in the US and was arbitrarily detained in Cameroon after his return. He remains hidden.

    The people interviewed were deported during the Trump administration, which was characterized by hardline immigration policies, restricted access to asylum, and racist and anti-immigrant rhetoric. Although conditions in Cameroon had not improved, the rate at which Cameroonians were granted asylum or other protection by US immigration courts fell by 24% between fiscal years 2019 and 2020. .deported more than 100 Cameroonians in 2020.

    The Biden administration took the positive step of canceling a February 2021 deportation flight to Cameroon. However, he deported several Cameroonians in October 2021 and has not designated Temporary Protected Status for Cameroon, even though conditions make return unsafe.

    Almost all of the deportees interviewed had fled Cameroon between 2017 and 2020 for reasons related to the crisis in the Anglophone regions. Human Rights Watch research indicates that many had credible asylum claims, but due process concerns, fact-finding inaccuracies, and other issues contributed to unfair asylum decisions. The lack of impartiality of US immigration judges, who are part of the executive branch, not the independent judiciary, seemed to play a role. Nearly all of the deported Cameroonians interviewed (35 of 41) were assigned to judges with asylum denial rates 10 to 30 percentage points higher than the national average.

    ICE also failed to protect confidential asylum documents during deportations, leading to confiscation of documents and apparent retribution from Cameroonian authorities.

    Between 2019 and 2021, Cameroonian police, gendarmes, military personnel and other officials detained or imprisoned at least 39 people deported from the US. Authorities detained many without due process or in subhuman conditions, for periods ranging between days and months. Some were held incommunicado.

    Human Rights Watch documented 14 cases of physical abuse or assault of 13 deportees, 13 by Cameroonian authorities, including 9 detainees, and 1 by armed separatists. State agents raped three women in custody, subjected a man to forced labor, and severely beat returnees, often during interrogations. Several of these cases amount to torture.

    A woman deported in October 2020 said she was tortured and raped by gendarmes or military for six weeks in detention in Bamenda, northwestern region: “Every two days… they used ropes, [rubber] tubes, their boots, military belts... They hit me all over my body. They said that I destroyed the image of Cameroon...so I had to pay for it.”

    State agents harmed or attacked the relatives of at least seven deportees. While searching for returnees, government forces reportedly shot dead a woman's sister, kidnapped a man's 11-year-old son, and severely beat a man's mother. Others were arbitrarily detained, extorted and harassed.

    Cameroonian authorities threatened and ill-treated returnees not only for reasons related to their initial flight, but also for seeking asylum in the US and for their actual or perceived opposition to the government. “[Officials] He said... 'You guys left here, ran... to the US, telling lies about the government,'” said a woman deported in October 2020.

    Nearly all of those interviewed also mentioned mistreatment during immigration detention in the US, transfers, or ICE flights. ICE detained all but one of the 41 asylum seekers interviewed for lengthy and unnecessary periods, an average of 1.5 years. Human Rights Watch documented 24 cases of alleged excessive force, cruel or inhuman treatment, or other physical abuse by ICE agents, other officials, or ICE contractors against 18 Cameroonians subsequently deported.

    The deported Cameroonians have not yet received compensation for the damages suffered. As of January, many remained in grave danger in Cameroon or were struggling to survive after fleeing again. Human Rights Watch and members of the Cameroon Advocacy Network (CAN), a coalition of immigrant rights groups and Cameroonian immigrants in the US, urged the US government to grant Cameroonians deported between 2020 and 2021 the humanitarian parole to return to the US reasons."

    “The suffering that Cameroonians deported from the US have gone through is heartbreaking and makes it very clear that Cameroon is not safe for return,” said Daniel Tse, coordinator of CAN. “If the Biden administration hopes to make the US immigration system more humane, it should right the wrongs against Cameroonian asylum seekers and stop deportations to Cameroon.”

  •   The cooperation with RISE is the latest in a series of breakthroughs Vertiv has made around sustainability and the broader environmental social and governance ESG arena DUBAI United Arab Emirates January 18 2022 APO Group Vertiv www Vertiv com NYSE VRT a global provider of critical digital infrastructure and business continuity solutions is pleased to announce a new partnership with Sweden s RISE research institutes https bit ly 3tH4i53 a leading research institute and innovation partner Vertiv enters the Data Center Systems Technologies Partnership Program at the Platinum level joining founding partners such as Facebook Ericsson Vattenfall ABB LTU and the Norrbotten region Data center research at RISE is based in Lule Sweden and RISE is owned by the Swedish state and supported by EU funds In collaboration with universities industry and the public sector RISE conducts industrial research and innovation with the overall goal of supporting sustainable growth by strengthening competitiveness and renewing the industry Through the partnership with RISE Vertiv will specifically support the Infrastructure and Cloud ICE Research and Test Environment which is a data center test bed that provides access to study results and experts as well as publications and RISE demonstrations and participation in small research and development studies A key value delivered to partners in the collaboration is the full scale test environment with data center modules weather and heat boxes wind tunnels edge and liquid cooling test benches and the ability to bring simulations and concepts to the point of implementing demonstrations and tests for data collection and analysis RISE demonstrates technology leadership in applied research which makes them a perfect partner for us at Vertiv This will help us lead the industry into the new era of large scale sustainable cloud data centers edge and enterprise applications said Vertiv CTO Stephen Liang RISE is playing a leading role in driving sustainability across Europe and Vertiv is ideally positioned to provide forward thinking engineering solutions for the data center industry and beyond said Giordano Albertazzi President from Vertiv EMEA Data centers are a critical part of the digital infrastructure Efficiency and sustainability are a strong focus for the industry and are becoming increasingly important New technologies system solutions and components must be conceived developed tested and verified before going to market We see our partnership with RISE as a big part of that Vertiv also supports multiple RISE heat recovery initiatives that use rejected heat from data centers for various applications such as mealworms and vertical farming biomass drying or district heating systems with the recent feasibility study that aims to achieve a supply water temperature of 90 95 C SWT for district heating Some of the other projects in the Vertiv and RISE pipeline include load balancing full life cycle assessments of data centers and all their components homomorphic encryption machine learning autonomous digital infrastructure and self healing systems cells of fuel a digital carbon counter for end users new cooling methods and thermal management systems that support heat reuse and the circular economy We want to get closer to industrial needs and an association helps dialogue and direct bilateral collaboration In this way we can continue to develop our thought leadership together with our partners says Tor Bj rn Minde ICE Data Center Manager at RISE The cooperation with RISE is the latest in a series of breakthroughs Vertiv has made around sustainability and the broader environmental social and governance ESG arena Vertiv is part of the Sustainable Digital Infrastructure Alliance SDIA and the European Data Center Association EUDCA https bit ly 3IksXQZ and contributes to the Climate Neutral Data Center Pact https bit ly 3rroXr1 with the aim of meeting the European Commission s goal of climate neutral data centers by 2030 Vertiv and RISE are also members of the E2P2 Tech Consortium https bit ly 3GCOgws which is leading the development of low carbon fuel cells for power data centers To learn more about Vertiv s commitment to sustainability visit https bit ly 3GEJm26
    Vertiv Joins the RISE Partnership Program to Develop Sustainable Data Centre Technologies
      The cooperation with RISE is the latest in a series of breakthroughs Vertiv has made around sustainability and the broader environmental social and governance ESG arena DUBAI United Arab Emirates January 18 2022 APO Group Vertiv www Vertiv com NYSE VRT a global provider of critical digital infrastructure and business continuity solutions is pleased to announce a new partnership with Sweden s RISE research institutes https bit ly 3tH4i53 a leading research institute and innovation partner Vertiv enters the Data Center Systems Technologies Partnership Program at the Platinum level joining founding partners such as Facebook Ericsson Vattenfall ABB LTU and the Norrbotten region Data center research at RISE is based in Lule Sweden and RISE is owned by the Swedish state and supported by EU funds In collaboration with universities industry and the public sector RISE conducts industrial research and innovation with the overall goal of supporting sustainable growth by strengthening competitiveness and renewing the industry Through the partnership with RISE Vertiv will specifically support the Infrastructure and Cloud ICE Research and Test Environment which is a data center test bed that provides access to study results and experts as well as publications and RISE demonstrations and participation in small research and development studies A key value delivered to partners in the collaboration is the full scale test environment with data center modules weather and heat boxes wind tunnels edge and liquid cooling test benches and the ability to bring simulations and concepts to the point of implementing demonstrations and tests for data collection and analysis RISE demonstrates technology leadership in applied research which makes them a perfect partner for us at Vertiv This will help us lead the industry into the new era of large scale sustainable cloud data centers edge and enterprise applications said Vertiv CTO Stephen Liang RISE is playing a leading role in driving sustainability across Europe and Vertiv is ideally positioned to provide forward thinking engineering solutions for the data center industry and beyond said Giordano Albertazzi President from Vertiv EMEA Data centers are a critical part of the digital infrastructure Efficiency and sustainability are a strong focus for the industry and are becoming increasingly important New technologies system solutions and components must be conceived developed tested and verified before going to market We see our partnership with RISE as a big part of that Vertiv also supports multiple RISE heat recovery initiatives that use rejected heat from data centers for various applications such as mealworms and vertical farming biomass drying or district heating systems with the recent feasibility study that aims to achieve a supply water temperature of 90 95 C SWT for district heating Some of the other projects in the Vertiv and RISE pipeline include load balancing full life cycle assessments of data centers and all their components homomorphic encryption machine learning autonomous digital infrastructure and self healing systems cells of fuel a digital carbon counter for end users new cooling methods and thermal management systems that support heat reuse and the circular economy We want to get closer to industrial needs and an association helps dialogue and direct bilateral collaboration In this way we can continue to develop our thought leadership together with our partners says Tor Bj rn Minde ICE Data Center Manager at RISE The cooperation with RISE is the latest in a series of breakthroughs Vertiv has made around sustainability and the broader environmental social and governance ESG arena Vertiv is part of the Sustainable Digital Infrastructure Alliance SDIA and the European Data Center Association EUDCA https bit ly 3IksXQZ and contributes to the Climate Neutral Data Center Pact https bit ly 3rroXr1 with the aim of meeting the European Commission s goal of climate neutral data centers by 2030 Vertiv and RISE are also members of the E2P2 Tech Consortium https bit ly 3GCOgws which is leading the development of low carbon fuel cells for power data centers To learn more about Vertiv s commitment to sustainability visit https bit ly 3GEJm26
    Vertiv Joins the RISE Partnership Program to Develop Sustainable Data Centre Technologies
    Africa10 months ago

    Vertiv Joins the RISE Partnership Program to Develop Sustainable Data Centre Technologies

    The cooperation with RISE is the latest in a series of breakthroughs Vertiv has made around sustainability and the broader environmental, social and governance (ESG) arena.

    DUBAI, United Arab Emirates, January 18, 2022/APO Group/ --

    Vertiv (www.Vertiv.com) (NYSE: VRT), a global provider of critical digital infrastructure and business continuity solutions, is pleased to announce a new partnership with Sweden's RISE research institutes (https://bit.ly/ 3tH4i53), a leading research institute and innovation partner. Vertiv enters the Data Center Systems Technologies Partnership Program at the Platinum level, joining founding partners such as Facebook, Ericsson, Vattenfall, ABB, LTU and the Norrbotten region.

    Data center research at RISE is based in Luleå, Sweden, and RISE is owned by the Swedish state and supported by EU funds. In collaboration with universities, industry, and the public sector, RISE conducts industrial research and innovation, with the overall goal of supporting sustainable growth by strengthening competitiveness and renewing the industry.

    Through the partnership with RISE, Vertiv will specifically support the Infrastructure and Cloud (ICE) Research and Test Environment, which is a data center test bed that provides access to study results and experts, as well as publications and RISE demonstrations and participation in small research and development studies.

    A key value delivered to partners in the collaboration is the full-scale test environment with data center modules, weather and heat boxes, wind tunnels, edge and liquid cooling test benches, and the ability to bring simulations and concepts to the point of implementing demonstrations. and tests for data collection and analysis.

    “RISE demonstrates technology leadership in applied research, which makes them a perfect partner for us at Vertiv. This will help us lead the industry into the new era of large-scale sustainable cloud data centers, edge and enterprise applications,” said Vertiv CTO Stephen Liang.

    “RISE is playing a leading role in driving sustainability across Europe and Vertiv is ideally positioned to provide forward-thinking engineering solutions for the data center industry and beyond,” said Giordano Albertazzi, President. from Vertiv, EMEA. “Data centers are a critical part of the digital infrastructure. Efficiency and sustainability are a strong focus for the industry and are becoming increasingly important. New technologies, system solutions, and components must be conceived, developed, tested, and verified before going to market. We see our partnership with RISE as a big part of that."

    Vertiv also supports multiple RISE heat recovery initiatives that use rejected heat from data centers for various applications, such as mealworms and vertical farming, biomass drying, or district heating systems, with the recent feasibility study that aims to achieve a supply water temperature of 90-95°C (SWT) for district heating. Some of the other projects in the Vertiv and RISE pipeline include load balancing, full life cycle assessments of data centers and all their components, homomorphic encryption machine learning, autonomous digital infrastructure and self-healing systems, cells of fuel, a digital carbon counter for end users, new cooling methods and thermal management systems that support heat reuse and the circular economy.

    “We want to get closer to industrial needs and an association helps dialogue and direct bilateral collaboration. In this way, we can continue to develop our thought leadership together with our partners,” says Tor Björn Minde, ICE Data Center Manager at RISE.

    The cooperation with RISE is the latest in a series of breakthroughs Vertiv has made around sustainability and the broader environmental, social and governance (ESG) arena. Vertiv is part of the Sustainable Digital Infrastructure Alliance (SDIA) and the European Data Center Association (EUDCA) (https://bit.ly/3IksXQZ) and contributes to the Climate Neutral Data Center Pact (https: //bit.ly/3rroXr1)) with the aim of meeting the European Commission's goal of climate-neutral data centers by 2030. Vertiv and RISE are also members of the E2P2 Tech Consortium (https://bit.ly/3GCOgws) , which is leading the development of low-carbon fuel cells for power data centers.

    To learn more about Vertiv's commitment to sustainability, visit https://bit.ly/3GEJm26.

  •   The key shift needed is from leading for short term gains for a narrowly defined special interest group to leading for long term gains for the whole of society ADDIS ABABA Ethiopia December 12 2021 APO Group The Central African economies would take a complete turn from the export of raw gems and other commodities to a state of added value and economic diversification if they awakened to a new paradigm of leadership and transformative change involving all segments of society A series of high level discussions and group reflections at the 37th session of the Intergovernmental Committee of Senior Officials and Experts for Central Africa ICE at the Kintele International Conference Center near Brazzaville reached this overall conclusion on Friday 10 December 2021 The deliberations of this session have allowed everyone to understand the relevance of expanding our macroeconomic indicators by bringing to the picture the dimension of human capital as a vital factor for growth said Jean Luc Mastaki Head of ECA s Subregional Office for Africa Central which co convened the session with the Government of the Congo We have highlighted the need to unite actors from the public sector the private sector and civil society forming a coalition of leaders to accelerate economic diversification in our subregion while putting into play the important functions of accounting for our vast capital natural and take advantage of the potential of the subregion in the production and supply of renewable energy he continued The ECA Central Africa Office presented a study to guide strategies and actions to generate the changes that are advocated with the style A journey to 2030 Fostering leadership and transformative change or economic diversification in Central Africa The study expands the discourse on economic diversification that has gained popularity in the subregion since the adoption of the Douala Consensus at the 34th session of ICE in 2017 The success of industrial policies to promote economic diversification will depend on strong leadership and appropriate institutions posits the report citing the African Capacity Building Foundation s interpretation of the speech as less about the leader or CEO and more about the leadership group drawn from the political and management segments of the state the private sector and civil society that are capable of directing the change towards the desired results The key shift needed is from leading for short term gains for a narrowly defined special interest group to leading for long term gains for the entire society said Desta Mebratu of Stellenbosch University who along with Mark Swilling Anton Cartwright and others worked closely with the ECA on the study Mebratu listed the following six points as critical to achieving effective transformational leadership in the pursuit of Central African economic diversification i fostering mutual interests between business and ruling elites in promoting clear and strong commitments to diversification economic acceleration in the eleven nations of Central Africa ii intentionally creating pockets of efficiency between ruling elites and public officials iii build relationships of trust and institutional mechanisms that allow learning to improve productivity between state bureaucrats and companies iv build alliances between companies and civil society v forge an environment of trust between civil society and bureaucracies and vi promote the accountability of ruling elites to civil society to help limit the pursuit of extractive rents that only benefit the ruling elite or a particular faction within the ruling elite The meeting brought together stakeholders in leadership and transformative change After days of analyzing the implications of the study for the economic diversification of Central Africa including deliberations during a meeting of an expert group on natural capital accounting and another on renewable energy the following comprehensive recommendations emerged CEPA was asked to develop statistical toolkits and a multi partner platform to measure leadership practices and dialogue between the public and private sectors as well as a benchmarking matrix on economic diversification to serve as a wake up call to the Member States The Commission was further entrusted with the task of bringing together the private sector and civil society on the paths of economic diversification to lead an industrial competitiveness program for the profitable participation of Central Africa in the African common market the AfCFTA and helping Member States to develop natural capital accounting Models Member States were recommended to undertake the transition to green energy and fully pursue natural capital accounting to expand their fiscal space for sustainable development projects With their rich biodiversity and ecosystems Central African countries would easily prosper from the rapid development of the pharmaceutical industry but governments must remove the obstacles faced by entrepreneurs in the sector and smooth the way for SMEs to flourish Delegates said private sector led expansion of economies would be possible if member states decentralized and simplified procedures for incorporating businesses while promoting entrepreneurship mentoring in schools In all of these cases public administrators should be encouraged to provide services free from corruption while the wider society should work together to collectively root out corruption In a newly shaped social compact toward leadership for economic diversification the private sector was implored to offer more corporate social responsibility and to do everything possible to enhance local capabilities to build machine tools that would drive manufacturing It was time for regional economic communities particularly CEMAC and ECCAS to create a consortium to leverage natural capital accounting to drive economic diversification and industrialization with the private sector at the center In addition the CERs were asked to convince the central banks of the subregion in particular the BEAC to make the conditions for financing the industry more flexible This while promoting economic diplomacy to facilitate the creation of cross border special economic zones and to inspire financially endowed industry captains to make transnational investments and design regional value chains There was no longer time to lose for the free movement of goods and people delegates said noting that rapid action in this regard by CERs would accelerate results in economic diversification With their important role in raising awareness among all segments of society in the leadership coalition civil society actors were called upon to improve their own leadership in order to better grasp the ethical dimensions of the economic diversification processes in the subregion which promote sustainability and inclusion ICE session chair UN system coordinator satisfied The rich content of this 37th session of ICE very clearly outlined the direction in which we must all go together to bring Central Africa safely to Destination 2030 through leadership and transformational change said Franck Corneille Mampouya M Bama Director General of Planning and Development of Congo and president of ICE for the next year The United Nations Resident Coordinator in Congo Chris Mburu said the meeting s theme was an important issue for the UN in more ways than one due to the key role that leadership plays in the implementation of the 2030 Agenda for Sustainable Development He promised the continued commitment of the United Nations system to work together in the subregion in general and in the Congo in particular to promote effective and agile leadership which means the careful formulation and implementation of public policies and the provision of public services to meet the needs and aspirations of citizens leaving no one behind The 37th session of ICE for Central Africa was opened jointly by the Minister of Economy Planning Statistics and Regional Integration of the Congo Ingrid Olga Ghislaine Ebouka Babackas and the United Nations Under Secretary General and Executive Secretary of the ECA Vera Songwe in the presence of the Minister of Industrial Development and Promotion of the Private Sector of the Congo Antoine Nic phore Thomas Fylla Saint Eudes It brought together more than a hundred high level officials including government ministers experts in leadership natural capital accounting and renewable energy economics as well as delegates from development organizations and regional economic communities
    Experts Design Sequencing for Transformative Leadership Towards Central Africa’s Economic Transformation
      The key shift needed is from leading for short term gains for a narrowly defined special interest group to leading for long term gains for the whole of society ADDIS ABABA Ethiopia December 12 2021 APO Group The Central African economies would take a complete turn from the export of raw gems and other commodities to a state of added value and economic diversification if they awakened to a new paradigm of leadership and transformative change involving all segments of society A series of high level discussions and group reflections at the 37th session of the Intergovernmental Committee of Senior Officials and Experts for Central Africa ICE at the Kintele International Conference Center near Brazzaville reached this overall conclusion on Friday 10 December 2021 The deliberations of this session have allowed everyone to understand the relevance of expanding our macroeconomic indicators by bringing to the picture the dimension of human capital as a vital factor for growth said Jean Luc Mastaki Head of ECA s Subregional Office for Africa Central which co convened the session with the Government of the Congo We have highlighted the need to unite actors from the public sector the private sector and civil society forming a coalition of leaders to accelerate economic diversification in our subregion while putting into play the important functions of accounting for our vast capital natural and take advantage of the potential of the subregion in the production and supply of renewable energy he continued The ECA Central Africa Office presented a study to guide strategies and actions to generate the changes that are advocated with the style A journey to 2030 Fostering leadership and transformative change or economic diversification in Central Africa The study expands the discourse on economic diversification that has gained popularity in the subregion since the adoption of the Douala Consensus at the 34th session of ICE in 2017 The success of industrial policies to promote economic diversification will depend on strong leadership and appropriate institutions posits the report citing the African Capacity Building Foundation s interpretation of the speech as less about the leader or CEO and more about the leadership group drawn from the political and management segments of the state the private sector and civil society that are capable of directing the change towards the desired results The key shift needed is from leading for short term gains for a narrowly defined special interest group to leading for long term gains for the entire society said Desta Mebratu of Stellenbosch University who along with Mark Swilling Anton Cartwright and others worked closely with the ECA on the study Mebratu listed the following six points as critical to achieving effective transformational leadership in the pursuit of Central African economic diversification i fostering mutual interests between business and ruling elites in promoting clear and strong commitments to diversification economic acceleration in the eleven nations of Central Africa ii intentionally creating pockets of efficiency between ruling elites and public officials iii build relationships of trust and institutional mechanisms that allow learning to improve productivity between state bureaucrats and companies iv build alliances between companies and civil society v forge an environment of trust between civil society and bureaucracies and vi promote the accountability of ruling elites to civil society to help limit the pursuit of extractive rents that only benefit the ruling elite or a particular faction within the ruling elite The meeting brought together stakeholders in leadership and transformative change After days of analyzing the implications of the study for the economic diversification of Central Africa including deliberations during a meeting of an expert group on natural capital accounting and another on renewable energy the following comprehensive recommendations emerged CEPA was asked to develop statistical toolkits and a multi partner platform to measure leadership practices and dialogue between the public and private sectors as well as a benchmarking matrix on economic diversification to serve as a wake up call to the Member States The Commission was further entrusted with the task of bringing together the private sector and civil society on the paths of economic diversification to lead an industrial competitiveness program for the profitable participation of Central Africa in the African common market the AfCFTA and helping Member States to develop natural capital accounting Models Member States were recommended to undertake the transition to green energy and fully pursue natural capital accounting to expand their fiscal space for sustainable development projects With their rich biodiversity and ecosystems Central African countries would easily prosper from the rapid development of the pharmaceutical industry but governments must remove the obstacles faced by entrepreneurs in the sector and smooth the way for SMEs to flourish Delegates said private sector led expansion of economies would be possible if member states decentralized and simplified procedures for incorporating businesses while promoting entrepreneurship mentoring in schools In all of these cases public administrators should be encouraged to provide services free from corruption while the wider society should work together to collectively root out corruption In a newly shaped social compact toward leadership for economic diversification the private sector was implored to offer more corporate social responsibility and to do everything possible to enhance local capabilities to build machine tools that would drive manufacturing It was time for regional economic communities particularly CEMAC and ECCAS to create a consortium to leverage natural capital accounting to drive economic diversification and industrialization with the private sector at the center In addition the CERs were asked to convince the central banks of the subregion in particular the BEAC to make the conditions for financing the industry more flexible This while promoting economic diplomacy to facilitate the creation of cross border special economic zones and to inspire financially endowed industry captains to make transnational investments and design regional value chains There was no longer time to lose for the free movement of goods and people delegates said noting that rapid action in this regard by CERs would accelerate results in economic diversification With their important role in raising awareness among all segments of society in the leadership coalition civil society actors were called upon to improve their own leadership in order to better grasp the ethical dimensions of the economic diversification processes in the subregion which promote sustainability and inclusion ICE session chair UN system coordinator satisfied The rich content of this 37th session of ICE very clearly outlined the direction in which we must all go together to bring Central Africa safely to Destination 2030 through leadership and transformational change said Franck Corneille Mampouya M Bama Director General of Planning and Development of Congo and president of ICE for the next year The United Nations Resident Coordinator in Congo Chris Mburu said the meeting s theme was an important issue for the UN in more ways than one due to the key role that leadership plays in the implementation of the 2030 Agenda for Sustainable Development He promised the continued commitment of the United Nations system to work together in the subregion in general and in the Congo in particular to promote effective and agile leadership which means the careful formulation and implementation of public policies and the provision of public services to meet the needs and aspirations of citizens leaving no one behind The 37th session of ICE for Central Africa was opened jointly by the Minister of Economy Planning Statistics and Regional Integration of the Congo Ingrid Olga Ghislaine Ebouka Babackas and the United Nations Under Secretary General and Executive Secretary of the ECA Vera Songwe in the presence of the Minister of Industrial Development and Promotion of the Private Sector of the Congo Antoine Nic phore Thomas Fylla Saint Eudes It brought together more than a hundred high level officials including government ministers experts in leadership natural capital accounting and renewable energy economics as well as delegates from development organizations and regional economic communities
    Experts Design Sequencing for Transformative Leadership Towards Central Africa’s Economic Transformation
    Africa12 months ago

    Experts Design Sequencing for Transformative Leadership Towards Central Africa’s Economic Transformation

    The key shift needed is from leading for short-term gains for a narrowly defined special interest group to leading for long-term gains for the whole of society.

    ADDIS ABABA, Ethiopia, December 12, 2021 / APO Group / -

    The Central African economies would take a complete turn from the export of raw gems and other commodities to a state of added value and economic diversification, if they awakened to a new paradigm of leadership and transformative change, involving all segments of society.

    A series of high-level discussions and group reflections at the 37th session of the Intergovernmental Committee of Senior Officials and Experts for Central Africa (ICE), at the Kintele International Conference Center near Brazzaville, reached this overall conclusion, on Friday 10 December 2021.

    “The deliberations of this session have allowed everyone to understand the relevance of expanding our macroeconomic indicators by bringing to the picture the dimension of human capital as a vital factor for growth,” said Jean Luc Mastaki, Head of ECA's Subregional Office for Africa Central, which co-convened the session with the Government of the Congo.

    “We have highlighted the need to unite actors from the public sector, the private sector, and civil society, forming a coalition of leaders to accelerate economic diversification in our subregion, while putting into play the important functions of accounting for our vast capital. natural and take advantage of the potential of the subregion in the production and supply of renewable energy ”, he continued.

    The ECA Central Africa Office presented a study to guide strategies and actions to generate the changes that are advocated with the style: "A journey to 2030: Fostering leadership and transformative change or economic diversification in Central Africa."

    The study expands the discourse on economic diversification that has gained popularity in the subregion since the adoption of the Douala Consensus at the 34th session of ICE in 2017.

    "The success of industrial policies to promote economic diversification will depend on strong leadership and appropriate institutions," posits the report citing the African Capacity Building Foundation's interpretation of the speech as "less about the leader or CEO and more about the leadership group, drawn from the political and management segments of the state, the private sector and civil society that are capable of directing the change towards the desired results ”.

    "The key shift needed is from leading for short-term gains for a narrowly defined special interest group to leading for long-term gains for the entire society," said Desta Mebratu of Stellenbosch University, who along with Mark Swilling, Anton Cartwright and others worked closely with the ECA on the study.

    Mebratu listed the following six points as critical to achieving effective transformational leadership in the pursuit of Central African economic diversification: i) fostering mutual interests between business and ruling elites in promoting clear and strong commitments to diversification economic acceleration in the eleven nations of Central Africa; ii) intentionally creating 'pockets of efficiency' between ruling elites and public officials; iii) build relationships of trust and institutional mechanisms that allow learning to improve productivity between state bureaucrats and companies, iv) build alliances between companies and civil society, v) forge an environment of trust between civil society and bureaucracies and vi) promote the accountability of ruling elites to civil society to help limit the pursuit of extractive rents that only benefit the ruling elite or a particular faction within the ruling elite.

    The meeting brought together stakeholders in leadership and transformative change.

    After days of analyzing the implications of the study for the economic diversification of Central Africa, including deliberations during a meeting of an expert group on natural capital accounting and another on renewable energy, the following comprehensive recommendations emerged:

    CEPA was asked to develop statistical toolkits and a multi-partner platform to measure leadership practices and dialogue between the public and private sectors, as well as a benchmarking matrix on economic diversification to serve as a wake-up call. to the Member States.

    The Commission was further entrusted with the task of bringing together the private sector and civil society on the paths of economic diversification, to lead an industrial competitiveness program for the profitable participation of Central Africa in the African common market, the AfCFTA, and helping Member States to develop natural capital accounting. Models.

    Member States were recommended to undertake the transition to green energy and fully pursue natural capital accounting to expand their fiscal space for sustainable development projects.

    With their rich biodiversity and ecosystems, Central African countries would easily prosper from the rapid development of the pharmaceutical industry, but governments must remove the obstacles faced by entrepreneurs in the sector and smooth the way for SMEs to flourish.

    Delegates said private sector-led expansion of economies would be possible if member states decentralized and simplified procedures for incorporating businesses while promoting entrepreneurship mentoring in schools.

    In all of these cases, public administrators should be encouraged to provide services free from corruption, while the wider society should work together to collectively root out corruption.

    In a newly shaped social compact toward leadership for economic diversification, the private sector was implored to offer more corporate social responsibility and to do everything possible to enhance local capabilities to build machine tools that would drive manufacturing.

    It was time for regional economic communities, particularly CEMAC and ECCAS, to create a consortium to leverage natural capital accounting to drive economic diversification and industrialization with the private sector at the center.

    In addition, the CERs were asked to convince the central banks of the subregion, in particular the BEAC, to make the conditions for financing the industry more flexible. This, while promoting economic diplomacy to facilitate the creation of cross-border special economic zones and to inspire financially endowed industry captains to make transnational investments and design regional value chains.

    There was no longer time to lose for the free movement of goods and people, delegates said, noting that rapid action in this regard by CERs would accelerate results in economic diversification.

    With their important role in raising awareness among all segments of society in the leadership coalition, civil society actors were called upon to improve their own leadership in order to better grasp the ethical dimensions of the economic diversification processes in the subregion, which promote sustainability and inclusion. .

    ICE session chair, UN system coordinator satisfied

    “The rich content of this 37th session of ICE very clearly outlined the direction in which we must all go together to bring Central Africa safely to Destination 2030 through leadership and transformational change,” said Franck Corneille Mampouya M'Bama, Director General of Planning and Development of Congo and president of ICE for the next year.

    The United Nations Resident Coordinator in Congo, Chris Mburu, said the meeting's theme was “an important issue for the UN in more ways than one, due to the key role that leadership plays in the implementation of the 2030 Agenda. for Sustainable Development. "

    He promised the continued commitment of the United Nations system to work together in the subregion in general and in the Congo in particular to promote “effective and agile leadership, which means the careful formulation and implementation of public policies and the provision of public services. to meet the needs and aspirations of citizens, leaving no one behind. "

    The 37th session of ICE for Central Africa was opened jointly by the Minister of Economy, Planning, Statistics and Regional Integration of the Congo, Ingrid Olga Ghislaine Ebouka-Babackas, and the United Nations Under-Secretary-General and Executive Secretary of the ECA, Vera Songwe , in the presence of the Minister of Industrial Development and Promotion of the Private Sector of the Congo - Antoine Nicéphore Thomas Fylla Saint Eudes.

    It brought together more than a hundred high-level officials, including government ministers; experts in leadership, natural capital accounting, and renewable energy economics; as well as delegates from development organizations and regional economic communities.

  •   The private sector must be at the center of leadership for economic diversification based on our vast natural economic cultural and therapeutic capitals BRAZZAVILLE Congo Republic of December 8 2021 APO Group A new social pact characterized by an ongoing dialogue between political and economic leaders and the beneficiaries would catalyze economic diversification in Central Africa some of the continent s leaders in various fields said Monday We need to think big and small at the same time moving from our obsession with foreign direct investment to creating incentives for national investors to stand out argued Antonio Pedro Deputy Executive Secretary in charge of Program Support Economic Commission for United Nations Africa ECA The Central Africa Commission Office hosted the Hybrid High Level Panel on Leadership and Transformational Change for Economic Diversification in Brazzaville and online as a pioneer of the 37th session of its Intergovernmental Committee of Senior Officials and Experts in conjunction with the Government of the Republic of the Congo Pedro said engineering leadership for transformational change for economic diversification the theme of the 37th ICE meeting required a sense of urgency in pursuit of quick wins such as establishing a battery precursor industry in the Democratic Republic of the Congo just a week earlier at the Business Forum of the Democratic Republic of the Congo Africa jointly convened by CEPA The new leadership we aspire to is one in which leaders unite all around clear goals in the interest of all said Ingrid Olga Ghislaine Ebouka Babackas Minister of Economy Planning Statistics and Regional Integration of the Congo who also opened the deliberations of ICE It is about submitting the development agendas for the transformation of more profitable resources to the scrutiny of actors and beneficiaries through permanent dialogue before during and after execution with special attention to listening to the leaders Antonio Pedro called this approach the social license to operate which must now be accompanied by the sustainable development license to operate not only to meet the SDGs but also as a strategic measure to maximize national and subregional value propositions For Central Africa five SDGs are key in this regard goal 7 on energy goal 8 on work and inclusive growth goal 9 on industry innovation infrastructure goal 12 on responsible consumption and production goal 13 on climate action and goal 15 on sustainable terrestrial ecosystems In all this the private sector must be at the center of leadership for economic diversification based on our vast natural economic cultural and therapeutic capitals acknowledged Honor Tabuna Commissioner of Environment Natural Resources Agriculture and Rural Development of ECCAS Gilbert Ewehmeh a business development consultant argued that promoting innovative financing for entrepreneurship is an important leadership principle to be heeded We have focused too much on political leadership to the detriment of economic leadership he said calling on governments to provide more tax incentives for local entrepreneurs and to pave the way for crowdfunding informational investors and venture capital to help drive economic diversification Central Africa s education system must urgently integrate business literacy or mindset change he added Professor Edgar Pieterse Director of the African Center for Cities at the University of Cape Town called for a rethinking of what he called the service delivery basket in Central Africa first providing cities in the region with solutions for smart but careful digital technology and infrastructure transformation processes that still leave room for labor intensive productivity With a series of pharmaceutical discoveries already made by researchers in several Central African countries scientific diplomacy must be put into action for the subregion to achieve rapid transitions given its ecological and biodiversity richness said HRH Prof Wilfred Mbacham public health biotechnologist and founding president Radio Health International He said it was time to move beyond discoveries and regroup beyond scientific and other businesses built only around family and tribal ties The subregion must decouple scientific processes between states to capitalize on convergent results based on the value proposition of each country Right now someone needs to connect the dots he argued adding that leadership is the cause and everything else is the effect UN Under Secretary General and CEPA Executive Secretary Vera Songwe addressed the session earlier He referenced the Commission s 2020 study on the economic and health impacts of COVID 19 which reported a 2 7 contraction of the subregion s real GDP as a result of the pandemic The situation he argued required visionary and agile leadership to generate inclusive growth and build diversified and job creating economies With three million square kilometers of dense forest representing 6 of the world s canopy Central Africa must harness its natural capital and create public private partnerships that identify rapid transitions and short term actions to develop strategic value chains for the economic diversification Vera Songwe concluded
    New social compact, transformative leadership will quicken Central Africa’s economic diversification
      The private sector must be at the center of leadership for economic diversification based on our vast natural economic cultural and therapeutic capitals BRAZZAVILLE Congo Republic of December 8 2021 APO Group A new social pact characterized by an ongoing dialogue between political and economic leaders and the beneficiaries would catalyze economic diversification in Central Africa some of the continent s leaders in various fields said Monday We need to think big and small at the same time moving from our obsession with foreign direct investment to creating incentives for national investors to stand out argued Antonio Pedro Deputy Executive Secretary in charge of Program Support Economic Commission for United Nations Africa ECA The Central Africa Commission Office hosted the Hybrid High Level Panel on Leadership and Transformational Change for Economic Diversification in Brazzaville and online as a pioneer of the 37th session of its Intergovernmental Committee of Senior Officials and Experts in conjunction with the Government of the Republic of the Congo Pedro said engineering leadership for transformational change for economic diversification the theme of the 37th ICE meeting required a sense of urgency in pursuit of quick wins such as establishing a battery precursor industry in the Democratic Republic of the Congo just a week earlier at the Business Forum of the Democratic Republic of the Congo Africa jointly convened by CEPA The new leadership we aspire to is one in which leaders unite all around clear goals in the interest of all said Ingrid Olga Ghislaine Ebouka Babackas Minister of Economy Planning Statistics and Regional Integration of the Congo who also opened the deliberations of ICE It is about submitting the development agendas for the transformation of more profitable resources to the scrutiny of actors and beneficiaries through permanent dialogue before during and after execution with special attention to listening to the leaders Antonio Pedro called this approach the social license to operate which must now be accompanied by the sustainable development license to operate not only to meet the SDGs but also as a strategic measure to maximize national and subregional value propositions For Central Africa five SDGs are key in this regard goal 7 on energy goal 8 on work and inclusive growth goal 9 on industry innovation infrastructure goal 12 on responsible consumption and production goal 13 on climate action and goal 15 on sustainable terrestrial ecosystems In all this the private sector must be at the center of leadership for economic diversification based on our vast natural economic cultural and therapeutic capitals acknowledged Honor Tabuna Commissioner of Environment Natural Resources Agriculture and Rural Development of ECCAS Gilbert Ewehmeh a business development consultant argued that promoting innovative financing for entrepreneurship is an important leadership principle to be heeded We have focused too much on political leadership to the detriment of economic leadership he said calling on governments to provide more tax incentives for local entrepreneurs and to pave the way for crowdfunding informational investors and venture capital to help drive economic diversification Central Africa s education system must urgently integrate business literacy or mindset change he added Professor Edgar Pieterse Director of the African Center for Cities at the University of Cape Town called for a rethinking of what he called the service delivery basket in Central Africa first providing cities in the region with solutions for smart but careful digital technology and infrastructure transformation processes that still leave room for labor intensive productivity With a series of pharmaceutical discoveries already made by researchers in several Central African countries scientific diplomacy must be put into action for the subregion to achieve rapid transitions given its ecological and biodiversity richness said HRH Prof Wilfred Mbacham public health biotechnologist and founding president Radio Health International He said it was time to move beyond discoveries and regroup beyond scientific and other businesses built only around family and tribal ties The subregion must decouple scientific processes between states to capitalize on convergent results based on the value proposition of each country Right now someone needs to connect the dots he argued adding that leadership is the cause and everything else is the effect UN Under Secretary General and CEPA Executive Secretary Vera Songwe addressed the session earlier He referenced the Commission s 2020 study on the economic and health impacts of COVID 19 which reported a 2 7 contraction of the subregion s real GDP as a result of the pandemic The situation he argued required visionary and agile leadership to generate inclusive growth and build diversified and job creating economies With three million square kilometers of dense forest representing 6 of the world s canopy Central Africa must harness its natural capital and create public private partnerships that identify rapid transitions and short term actions to develop strategic value chains for the economic diversification Vera Songwe concluded
    New social compact, transformative leadership will quicken Central Africa’s economic diversification
    Africa12 months ago

    New social compact, transformative leadership will quicken Central Africa’s economic diversification

    The private sector must be at the center of leadership for economic diversification based on our vast natural, economic, cultural and therapeutic capitals.

    BRAZZAVILLE, Congo (Republic of), December 8, 2021 / APO Group / -

    A new social pact characterized by an ongoing dialogue between political and economic leaders and the 'beneficiaries' would catalyze economic diversification in Central Africa, some of the continent's leaders in various fields said Monday.

    “We need to think big and small at the same time, moving from our obsession with foreign direct investment to creating incentives for national investors to stand out,” argued Antonio Pedro, Deputy Executive Secretary in charge of Program Support, Economic Commission for United Nations Africa. (ECA).

    The Central Africa Commission Office hosted the Hybrid High-Level Panel on Leadership and Transformational Change for Economic Diversification, in Brazzaville and online, as a pioneer of the 37th session of its Intergovernmental Committee of Senior Officials and Experts, in conjunction with the Government of the Republic of the Congo.

    Pedro said engineering leadership for transformational change for economic diversification, the theme of the 37th ICE meeting, required a sense of urgency in pursuit of quick wins such as establishing a battery precursor industry in the Democratic Republic. of the Congo just a week earlier at the Business Forum of the Democratic Republic of the Congo-Africa jointly convened by CEPA.

    "The new leadership we aspire to is one in which leaders unite all around clear goals in the interest of all," said Ingrid Olga Ghislaine Ebouka-Babackas, Minister of Economy, Planning, Statistics and Regional Integration of the Congo, who also opened the deliberations of ICE. .

    "It is about submitting the development agendas for the transformation of more profitable resources to the scrutiny of actors and beneficiaries, through permanent dialogue before, during and after execution, with special attention to listening to the leaders."

    Antonio Pedro called this approach "the social license to operate", which must now be accompanied by the sustainable development license to operate, not only to meet the SDGs but also as a strategic measure to maximize national and subregional value propositions.

    For Central Africa, five SDGs are key in this regard: goal 7 on energy, goal 8 on work and inclusive growth, goal 9 on industry, innovation infrastructure, goal 12 on responsible consumption and production, goal 13 on climate action and goal 15 on sustainable terrestrial ecosystems.

    "In all this, the private sector must be at the center of leadership for economic diversification based on our vast natural, economic, cultural and therapeutic capitals," acknowledged Honoré Tabuna, Commissioner of Environment, Natural Resources, Agriculture and Rural Development of ECCAS. .

    Gilbert Ewehmeh, a business development consultant, argued that promoting innovative financing for entrepreneurship is an important leadership principle to be heeded.

    "We have focused too much on political leadership to the detriment of economic leadership," he said, calling on governments to provide more tax incentives for local entrepreneurs and to pave the way for crowdfunding, informational investors and venture capital. to help drive economic diversification.

    Central Africa's education system must urgently integrate business literacy or mindset change, he added.

    Professor Edgar Pieterse, Director of the African Center for Cities at the University of Cape Town, called for a rethinking of what he called "the service delivery basket" in Central Africa, first providing cities in the region with solutions for smart but careful digital technology and infrastructure. transformation processes that still leave room for labor-intensive productivity.

    With a series of pharmaceutical discoveries already made by researchers in several Central African countries, scientific diplomacy must be put into action for the subregion to achieve rapid transitions, given its ecological and biodiversity richness, said HRH Prof Wilfred Mbacham, public health biotechnologist and founding president. Radio Health International.

    He said it was time to move beyond discoveries and regroup beyond scientific and other businesses built only around family and tribal ties.

    The subregion must decouple scientific processes between states to capitalize on convergent results based on the value proposition of each country.

    Right now, "someone needs to connect the dots," he argued, adding that "leadership is the cause and everything else is the effect."

    UN Under Secretary General and CEPA Executive Secretary Vera Songwe addressed the session earlier.

    He referenced the Commission's 2020 study on the economic and health impacts of COVID-19, which reported a 2.7% contraction of the subregion's real GDP as a result of the pandemic.

    The situation, he argued, required "visionary and agile leadership to generate inclusive growth and build diversified and job-creating economies."

    “With three million square kilometers of dense forest, representing 6% of the world's canopy, Central Africa must harness its natural capital and create public-private partnerships that identify rapid transitions and short-term actions to develop strategic value chains for the economic diversification. ”, Vera Songwe concluded.

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