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  •   Following the passing of Her Majesty Queen Elizabeth II President of the Republic of Seychelles Mr Wavel Ramkalawan visited the British High Commission this afternoon at the Oliaji Trade Centre in Victoria where he paid his respects and signed condolences book This was in the presence of the British High Commissioner for Seychelles Mr Patrick Lynch The President was accompanied by Vice President Ahmed Afif and the Designated Minister Mr Jean Fran ois Ferrari who also paid tribute by signing the book of condolences
    The President of Seychelles signs a book of condolences in honor of Her Majesty Queen Elizabeth II at the British High Commission
      Following the passing of Her Majesty Queen Elizabeth II President of the Republic of Seychelles Mr Wavel Ramkalawan visited the British High Commission this afternoon at the Oliaji Trade Centre in Victoria where he paid his respects and signed condolences book This was in the presence of the British High Commissioner for Seychelles Mr Patrick Lynch The President was accompanied by Vice President Ahmed Afif and the Designated Minister Mr Jean Fran ois Ferrari who also paid tribute by signing the book of condolences
    The President of Seychelles signs a book of condolences in honor of Her Majesty Queen Elizabeth II at the British High Commission
    Africa4 weeks ago

    The President of Seychelles signs a book of condolences in honor of Her Majesty Queen Elizabeth II at the British High Commission

    Following the passing of Her Majesty Queen Elizabeth II, President of the Republic of Seychelles, Mr. Wavel Ramkalawan visited the British High Commission this afternoon, at the Oliaji Trade Centre, in Victoria, where he paid his respects and signed condolences.

    book.

    This was in the presence of the British High Commissioner for Seychelles, Mr. Patrick Lynch.

    The President was accompanied by Vice President Ahmed Afif and the Designated Minister, Mr. Jean-François Ferrari, who also paid tribute by signing the book of condolences.

  •   The Office of the President has announced the appointment of the new Executive Director and Board of the Seychelles Parks and Gardens Authority SPGA This is in accordance with the new law Seychelles Gardens and Parks Authority Act Act 2022 which replaced the Seychelles National Parks Authority SNPA and the National Botanic Gardens Foundation NBGF The SPGA has been established to manage and administer parks and gardens and other designated areas The Chairman of the Authority Board is Mr Lucas D Offay and Ms Bernadette Willemin is the Vice President The other members of the Board are Ms Ashley Dias Mr Lenny Gabriel Ms Myra Gill Mr Julien Durup Mr Melton Ernesta The members of the Board have been appointed for a period of 3 years from June 1 2022 Mr Allen Cedras has been appointed as the Executive Director of the Authority effective August 16 and will also serve as an ex officio member of the Board
    Appointment of the Seychelles Parks and Gardens Authority Board
      The Office of the President has announced the appointment of the new Executive Director and Board of the Seychelles Parks and Gardens Authority SPGA This is in accordance with the new law Seychelles Gardens and Parks Authority Act Act 2022 which replaced the Seychelles National Parks Authority SNPA and the National Botanic Gardens Foundation NBGF The SPGA has been established to manage and administer parks and gardens and other designated areas The Chairman of the Authority Board is Mr Lucas D Offay and Ms Bernadette Willemin is the Vice President The other members of the Board are Ms Ashley Dias Mr Lenny Gabriel Ms Myra Gill Mr Julien Durup Mr Melton Ernesta The members of the Board have been appointed for a period of 3 years from June 1 2022 Mr Allen Cedras has been appointed as the Executive Director of the Authority effective August 16 and will also serve as an ex officio member of the Board
    Appointment of the Seychelles Parks and Gardens Authority Board
    Africa4 weeks ago

    Appointment of the Seychelles Parks and Gardens Authority Board

    The Office of the President has announced the appointment of the new Executive Director and Board of the Seychelles Parks and Gardens Authority (SPGA).

    This is in accordance with the new law, Seychelles Gardens and Parks Authority Act, Act 2022 which replaced the Seychelles National Parks Authority (SNPA) and the National Botanic Gardens Foundation (NBGF).

    The SPGA has been established to manage and administer parks and gardens and other designated areas.

    The Chairman of the Authority Board is Mr. Lucas D'Offay and Ms. Bernadette Willemin is the Vice President.

    The other members of the Board are: Ms. Ashley Dias Mr. Lenny Gabriel Ms. Myra Gill Mr. Julien Durup Mr. Melton Ernesta The members of the Board have been appointed for a period of 3 years from June 1, 2022 Mr. Allen Cedras has been appointed as the Executive Director of the Authority effective August 16 and will also serve as an ex-officio member of the Board.

  •   Mr Sylvestre Radegonde Minister of Foreign Affairs and Tourism received Mrs Charlina Vitcheva Director General of the European Commission Directorate General for Maritime Affairs and Fisheries on Tuesday September 6 2022 at Maison Qu au de Quinssy Ms Vitcheva is in Seychelles for the Blue Invest Africa event that will take place on September 7 8 2022 at the Eden Bleu Hotel Seychelles is the first country in Africa to host this event which is usually held in Europe The meeting was an opportunity for Ms Vitcheva to brief Minister Radegonde on the Blue Invest Africa event which she described as business oriented and focused on sustainable development During the meeting Minister Radegonde and Ms Vitcheva discussed issues related to multilateralism and regional and international cooperation that can benefit Seychelles and the EU They also mentioned the Sustainable Fisheries Partnership Agreement SFP which Ms Vitcheva defined as the most important tuna agreement for Europe and praised Seychelles for being one of the best implementers of the Agreement The two leaders agreed to support each other in international forums on matters of common interest such as the threat of Climate Change among others Ms Vitcheva was accompanied to the meeting by the Head of the EU Delegation accredited to Seychelles Ambassador Vincent Degert who for his part spoke about the ongoing collaboration between Seychelles and the EU and the preparations for the Political Dialogue of the EU scheduled to take place in October 2022 The meeting was also attended by the Principal Secretary for Foreign Affairs Ambassador Vivianne Fock Tave and senior officials from the Department of Foreign Affairs
    Seychelles: The Director General of the European Commission, Directorate General for Maritime Affairs and Fisheries meets with Minister Sylvestre Radegonde
      Mr Sylvestre Radegonde Minister of Foreign Affairs and Tourism received Mrs Charlina Vitcheva Director General of the European Commission Directorate General for Maritime Affairs and Fisheries on Tuesday September 6 2022 at Maison Qu au de Quinssy Ms Vitcheva is in Seychelles for the Blue Invest Africa event that will take place on September 7 8 2022 at the Eden Bleu Hotel Seychelles is the first country in Africa to host this event which is usually held in Europe The meeting was an opportunity for Ms Vitcheva to brief Minister Radegonde on the Blue Invest Africa event which she described as business oriented and focused on sustainable development During the meeting Minister Radegonde and Ms Vitcheva discussed issues related to multilateralism and regional and international cooperation that can benefit Seychelles and the EU They also mentioned the Sustainable Fisheries Partnership Agreement SFP which Ms Vitcheva defined as the most important tuna agreement for Europe and praised Seychelles for being one of the best implementers of the Agreement The two leaders agreed to support each other in international forums on matters of common interest such as the threat of Climate Change among others Ms Vitcheva was accompanied to the meeting by the Head of the EU Delegation accredited to Seychelles Ambassador Vincent Degert who for his part spoke about the ongoing collaboration between Seychelles and the EU and the preparations for the Political Dialogue of the EU scheduled to take place in October 2022 The meeting was also attended by the Principal Secretary for Foreign Affairs Ambassador Vivianne Fock Tave and senior officials from the Department of Foreign Affairs
    Seychelles: The Director General of the European Commission, Directorate General for Maritime Affairs and Fisheries meets with Minister Sylvestre Radegonde
    Africa4 weeks ago

    Seychelles: The Director General of the European Commission, Directorate General for Maritime Affairs and Fisheries meets with Minister Sylvestre Radegonde

    Mr. Sylvestre Radegonde, Minister of Foreign Affairs and Tourism, received Mrs. Charlina Vitcheva, Director General of the European Commission, Directorate General for Maritime Affairs and Fisheries, on Tuesday, September 6, 2022 at Maison Quéau de Quinssy.

    Ms. Vitcheva is in Seychelles for the Blue Invest Africa event that will take place on September 7-8, 2022 at the Eden Bleu Hotel.

    Seychelles is the first country in Africa to host this event, which is usually held in Europe.

    The meeting was an opportunity for Ms Vitcheva to brief Minister Radegonde on the Blue Invest Africa event, which she described as business-oriented and focused on sustainable development.

    During the meeting, Minister Radegonde and Ms. Vitcheva discussed issues related to multilateralism and regional and international cooperation that can benefit Seychelles and the EU.

    They also mentioned the Sustainable Fisheries Partnership Agreement (SFP), which Ms Vitcheva defined as "the most important tuna agreement for Europe" and praised Seychelles for being one of the best implementers of the Agreement.

    The two leaders agreed to support each other in international forums on matters of common interest, such as the threat of Climate Change, among others.

    Ms Vitcheva was accompanied to the meeting by the Head of the EU Delegation accredited to Seychelles, Ambassador Vincent Degert, who for his part spoke about the ongoing collaboration between Seychelles and the EU and the preparations for the Political Dialogue.

    of the EU scheduled to take place in October 2022.

    The meeting was also attended by the Principal Secretary for Foreign Affairs, Ambassador Vivianne Fock Tave, and senior officials from the Department of Foreign Affairs.

  •   On Tuesday September 6 2022 the newly accredited Ambassador of the State of Israel HE Mr Michael Lotem paid a courtesy visit to the Minister of Foreign Affairs and Tourism Mr Sylvestre Radegonde at the Maison Qu au de Quinssy Minister Radegonde congratulated Ambassador Lotem on his accreditation and stated that Seychelles values the friendship that has existed between the two countries since the establishment of bilateral relations in June 1992 The Minister noted that while Seychelles has been greatly affected by the COVID pandemic 19 Israel became the number one tourist market for Seychelles once it opened its borders and for that the Minister expressed his gratitude to the Israeli people Both diplomats agreed that in addition to tourism there are other potential areas of cooperation that can be explored such as trade investment capacity building maritime security agriculture and technology Ambassador Lotem assured that he will push for further cooperation by promoting Israel s private sector engagements to create more opportunities to enhance the trade and people to people link between Seychelles and Israel HE Mr Michael Lotem will have his headquarters in Nairobi Kenya Also present at the meeting were Ambassador Vivianne Fock Tave Principal Secretary of the Department of Foreign Affairs Mr Robert Stravens Honorary Consul of the State of Israel and senior officials from the Ministry of Foreign Affairs and Tourism
    Courtesy call from the newly accredited Ambassador of the State of Israel
      On Tuesday September 6 2022 the newly accredited Ambassador of the State of Israel HE Mr Michael Lotem paid a courtesy visit to the Minister of Foreign Affairs and Tourism Mr Sylvestre Radegonde at the Maison Qu au de Quinssy Minister Radegonde congratulated Ambassador Lotem on his accreditation and stated that Seychelles values the friendship that has existed between the two countries since the establishment of bilateral relations in June 1992 The Minister noted that while Seychelles has been greatly affected by the COVID pandemic 19 Israel became the number one tourist market for Seychelles once it opened its borders and for that the Minister expressed his gratitude to the Israeli people Both diplomats agreed that in addition to tourism there are other potential areas of cooperation that can be explored such as trade investment capacity building maritime security agriculture and technology Ambassador Lotem assured that he will push for further cooperation by promoting Israel s private sector engagements to create more opportunities to enhance the trade and people to people link between Seychelles and Israel HE Mr Michael Lotem will have his headquarters in Nairobi Kenya Also present at the meeting were Ambassador Vivianne Fock Tave Principal Secretary of the Department of Foreign Affairs Mr Robert Stravens Honorary Consul of the State of Israel and senior officials from the Ministry of Foreign Affairs and Tourism
    Courtesy call from the newly accredited Ambassador of the State of Israel
    Africa4 weeks ago

    Courtesy call from the newly accredited Ambassador of the State of Israel

    On Tuesday, September 6, 2022, the newly accredited Ambassador of the State of Israel, HE Mr. Michael Lotem, paid a courtesy visit to the Minister of Foreign Affairs and Tourism, Mr. Sylvestre Radegonde, at the Maison Quéau de Quinssy.

    Minister Radegonde congratulated Ambassador Lotem on his accreditation and stated that Seychelles values ​​the friendship that has existed between the two countries since the establishment of bilateral relations in June 1992.

    The Minister noted that while Seychelles has been greatly affected by the COVID pandemic -19, Israel became the number one tourist market for Seychelles once it opened its borders, and for that, the Minister expressed his gratitude to the Israeli people.

    Both diplomats agreed that, in addition to tourism, there are other potential areas of cooperation that can be explored, such as trade, investment, capacity building, maritime security, agriculture and technology.

    Ambassador Lotem assured that he will push for further cooperation by promoting Israel's private sector engagements to create more opportunities to enhance the trade and people-to-people link between Seychelles and Israel.

    HE Mr. Michael Lotem will have his headquarters in Nairobi, Kenya.

    Also present at the meeting were Ambassador Vivianne Fock Tave, Principal Secretary of the Department of Foreign Affairs, Mr. Robert Stravens, Honorary Consul of the State of Israel, and senior officials from the Ministry of Foreign Affairs and Tourism.

  •   The President of the Republic Mr Wavel Ramkalawan delivered the opening speech at the official opening ceremony of the BlueInvest Africa 2022 event held this morning at the Eden Bleu hotel Held for the first time in Seychelles outside of Europe this two day event is the result of a partnership between the European Union and the Government of Seychelles that has put the blue economy at the heart of its development In addition as a key sector to develop its socioeconomic aspirations and achieve the different objectives of the 2030 Agenda in particular SDG 14 Life below water There are 500 participants who attend this business event both physical and online Twenty two pitchers were selected to make further presentations and share their knowledge through sessions in front of a series of panels covering topics such as renewable energy and water solutions safe economy and solution for plastic and waste fishing and aquaculture solar energy solutions energy as well as technology and innovative solutions The event will also see the participation of fifteen well established and promising African Small and Medium Enterprises SMEs who will showcase and exhibit their projects and businesses as well as their final products During his opening address President Ramkalawan underlined the goal and objectives of BlueInvest Africa which he said is to drive innovation and investment in sustainable technologies for the blue economy thus the participants are expected to present the agenda achievements and Seychelles exchanges of experiences Because entrepreneurship initiative and innovation especially in the blue economy can only take off and thrive in a conducive environment I want you to reflect on this during your networking sessions and presentations and I want BlueInvest Africa to really lead the way forward We Africa and Europe come together in Seychelles to take a new look at the waters around us and the opportunities they offer Our Blue Planet offers vast new and exciting possibilities And we are all called to share these opportunities said the President The Head of State commented on how everyone depends on the oceans lakes and rivers whether for transportation as climate regulators and as the world s largest carbon reservoir Also the importance of the cultural environmental and socioeconomic value of the Earth s aquatic resources to humans regardless of their geographic location and whether they are classified as coastal insular or landlocked Thereafter President Ramkalawan called for global efforts and collaborations in relation to oceans and aquatic resources Our aquatic resources are clearly our most valuable asset All the more reason why the African Union has identified the Blue Economy as the continent s new path of development The oceans are also one of the least explored areas of our planet They can offer solutions to some of the world s most pressing problems such as renewable and sustainable energy extractive resources medicine food security and much more He added With mounting global pressure for countries to employ greener practices to counter climate change our nations are being forced to continually seek ways to ensure environmental integrity while ensuring that our people can enjoy their basic human rights and needs and livelihoods are secured for generations to come What is the best way to do this than through exploring the potential of the Blue Economy In closing he called on the participants to embrace and foster innovation and ingenuity in the business sector In addition to see the Blue Economy as a great potential and he emphasized the need to promote a more practical multisectoral approach that stimulates the development of the business aspect of the Blue Economy By encouraging more innovative thinking facilitate and attract current and potential entrepreneurs to fill this space The Blue Economy is multisectoral It offers various avenues for entrepreneurs to innovate unleash their creative energies and add more value to Africa s existing blue economy sectors such as transport ports marine science fisheries and tourism It also offers prospects for economic diversification in a number of hitherto untapped sectors I am pleased to note that through Blue Invest Africa African entrepreneurs have the opportunity to pitch their business ideas and hopefully get the financial backing to turn their dreams into reality Therefore we fully support and encourage you launchers and entrepreneurs to continue to harness your ingenuity to seize the moment and help Africa unlock the full potential of its blue economy he said In her opening speech the Director General of the European Commission Directorate General for Maritime Affairs and Fisheries Ms Charlina Vitcheva said that the European Union and Seychelles organizing BlueInvest Africa together demonstrates the high quality of their friendship She highlighted EU Africa cooperation and addressing the needs of the African population not only in terms of food security but also sustainable development and growing economic opportunities available to all There Ms Vitcheva encouraged the participants to take advantage of the opportunities that this event will bring them by participating in discussions exchanging points for investment groups meeting with innovators and entrepreneurs small businesses and start ups operating in Africa with the common goal interest in generating concrete business opportunities developing sustainable products and services in the blue economy sectors The ceremony was also highlighted by a video message from the Commissioner for Agriculture Rural Development Blue Economy and Sustainable Environment ARBE of the African Union Commission Ms Josefa Sacko The ceremony was also attended by Vice President Ahmed Afif Minister Designate and Minister of Fisheries Mr Jean Fran ois Ferrari the EU Ambassador to the Republic of Seychelles and Mauritius Mr Vincent Degert Ministers Principal Secretaries Members and European Union staff and other guests
    BlueInvest Africa 2022 event officially opened in Seychelles
      The President of the Republic Mr Wavel Ramkalawan delivered the opening speech at the official opening ceremony of the BlueInvest Africa 2022 event held this morning at the Eden Bleu hotel Held for the first time in Seychelles outside of Europe this two day event is the result of a partnership between the European Union and the Government of Seychelles that has put the blue economy at the heart of its development In addition as a key sector to develop its socioeconomic aspirations and achieve the different objectives of the 2030 Agenda in particular SDG 14 Life below water There are 500 participants who attend this business event both physical and online Twenty two pitchers were selected to make further presentations and share their knowledge through sessions in front of a series of panels covering topics such as renewable energy and water solutions safe economy and solution for plastic and waste fishing and aquaculture solar energy solutions energy as well as technology and innovative solutions The event will also see the participation of fifteen well established and promising African Small and Medium Enterprises SMEs who will showcase and exhibit their projects and businesses as well as their final products During his opening address President Ramkalawan underlined the goal and objectives of BlueInvest Africa which he said is to drive innovation and investment in sustainable technologies for the blue economy thus the participants are expected to present the agenda achievements and Seychelles exchanges of experiences Because entrepreneurship initiative and innovation especially in the blue economy can only take off and thrive in a conducive environment I want you to reflect on this during your networking sessions and presentations and I want BlueInvest Africa to really lead the way forward We Africa and Europe come together in Seychelles to take a new look at the waters around us and the opportunities they offer Our Blue Planet offers vast new and exciting possibilities And we are all called to share these opportunities said the President The Head of State commented on how everyone depends on the oceans lakes and rivers whether for transportation as climate regulators and as the world s largest carbon reservoir Also the importance of the cultural environmental and socioeconomic value of the Earth s aquatic resources to humans regardless of their geographic location and whether they are classified as coastal insular or landlocked Thereafter President Ramkalawan called for global efforts and collaborations in relation to oceans and aquatic resources Our aquatic resources are clearly our most valuable asset All the more reason why the African Union has identified the Blue Economy as the continent s new path of development The oceans are also one of the least explored areas of our planet They can offer solutions to some of the world s most pressing problems such as renewable and sustainable energy extractive resources medicine food security and much more He added With mounting global pressure for countries to employ greener practices to counter climate change our nations are being forced to continually seek ways to ensure environmental integrity while ensuring that our people can enjoy their basic human rights and needs and livelihoods are secured for generations to come What is the best way to do this than through exploring the potential of the Blue Economy In closing he called on the participants to embrace and foster innovation and ingenuity in the business sector In addition to see the Blue Economy as a great potential and he emphasized the need to promote a more practical multisectoral approach that stimulates the development of the business aspect of the Blue Economy By encouraging more innovative thinking facilitate and attract current and potential entrepreneurs to fill this space The Blue Economy is multisectoral It offers various avenues for entrepreneurs to innovate unleash their creative energies and add more value to Africa s existing blue economy sectors such as transport ports marine science fisheries and tourism It also offers prospects for economic diversification in a number of hitherto untapped sectors I am pleased to note that through Blue Invest Africa African entrepreneurs have the opportunity to pitch their business ideas and hopefully get the financial backing to turn their dreams into reality Therefore we fully support and encourage you launchers and entrepreneurs to continue to harness your ingenuity to seize the moment and help Africa unlock the full potential of its blue economy he said In her opening speech the Director General of the European Commission Directorate General for Maritime Affairs and Fisheries Ms Charlina Vitcheva said that the European Union and Seychelles organizing BlueInvest Africa together demonstrates the high quality of their friendship She highlighted EU Africa cooperation and addressing the needs of the African population not only in terms of food security but also sustainable development and growing economic opportunities available to all There Ms Vitcheva encouraged the participants to take advantage of the opportunities that this event will bring them by participating in discussions exchanging points for investment groups meeting with innovators and entrepreneurs small businesses and start ups operating in Africa with the common goal interest in generating concrete business opportunities developing sustainable products and services in the blue economy sectors The ceremony was also highlighted by a video message from the Commissioner for Agriculture Rural Development Blue Economy and Sustainable Environment ARBE of the African Union Commission Ms Josefa Sacko The ceremony was also attended by Vice President Ahmed Afif Minister Designate and Minister of Fisheries Mr Jean Fran ois Ferrari the EU Ambassador to the Republic of Seychelles and Mauritius Mr Vincent Degert Ministers Principal Secretaries Members and European Union staff and other guests
    BlueInvest Africa 2022 event officially opened in Seychelles
    Africa1 month ago

    BlueInvest Africa 2022 event officially opened in Seychelles

    The President of the Republic, Mr. Wavel Ramkalawan delivered the opening speech at the official opening ceremony of the BlueInvest Africa 2022 event, held this morning at the Eden Bleu hotel.

    Held for the first time in Seychelles, outside of Europe, this two-day event is the result of a partnership between the European Union and the Government of Seychelles that has put the blue economy at the heart of its development.

    In addition, as a key sector to develop its socioeconomic aspirations and achieve the different objectives of the 2030 Agenda, in particular SDG 14 (Life below water).

    There are 500 participants who attend this business event, both physical and online.

    Twenty-two pitchers were selected to make further presentations and share their knowledge through sessions in front of a series of panels covering topics such as renewable energy and water solutions, safe economy and solution for plastic and waste, fishing and aquaculture, solar energy solutions energy, as well as technology and innovative solutions.

    The event will also see the participation of fifteen well-established and promising African Small and Medium Enterprises (SMEs) who will showcase and exhibit their projects and businesses as well as their final products.

    During his opening address, President Ramkalawan underlined the goal and objectives of BlueInvest Africa which he said is to drive innovation and investment in sustainable technologies for the blue economy, thus the participants are expected to present the agenda, achievements and Seychelles' exchanges of experiences.

    .

    “Because entrepreneurship, initiative and innovation, especially in the blue economy, can only take off and thrive in a conducive environment.

    I want you to reflect on this during your networking sessions and presentations and I want BlueInvest Africa to really lead the way forward.

    We, Africa and Europe come together in Seychelles to take a new look at the waters around us and the opportunities they offer.

    Our 'Blue Planet' offers vast, new and exciting possibilities.

    And we are all called to share these opportunities”, said the President.

    The Head of State commented on how everyone depends on the oceans, lakes and rivers, whether for transportation, as climate regulators and as the world's largest carbon reservoir.

    Also, the importance of the cultural, environmental, and socioeconomic value of the Earth's aquatic resources to humans, regardless of their geographic location and whether they are classified as coastal, insular, or landlocked.

    Thereafter, President Ramkalawan called for global efforts and collaborations in relation to oceans and aquatic resources.

    “Our aquatic resources are clearly our most valuable asset.

    All the more reason why the African Union has identified the Blue Economy as the continent's new path of development.

    The oceans are also one of the least explored areas of our planet.

    They can offer solutions to some of the world's most pressing problems, such as renewable and sustainable energy, extractive resources, medicine, food security and much more.

    He added: “With mounting global pressure for countries to employ 'greener' practices to counter climate change, our nations are being forced to continually seek ways to ensure environmental integrity, while ensuring that our people can enjoy their basic human rights.

    and needs and livelihoods are secured for generations to come.

    What is the best way to do this than through exploring the potential of the Blue Economy?

    In closing, he called on the participants to embrace and foster innovation and ingenuity in the business sector.

    In addition, to see the Blue Economy as a great potential and he emphasized the need to promote a more practical multisectoral approach that stimulates the development of the business aspect of the Blue Economy.

    By encouraging more innovative thinking, facilitate and attract current and potential entrepreneurs to fill this space.

    “The Blue Economy is multisectoral.

    It offers various avenues for entrepreneurs to innovate, unleash their creative energies and add more value to Africa's existing blue economy sectors such as transport, ports, marine science, fisheries and tourism.

    It also offers prospects for economic diversification in a number of hitherto untapped sectors.

    I am pleased to note that through Blue Invest Africa, African entrepreneurs have the opportunity to pitch their business ideas and hopefully get the financial backing to turn their dreams into reality.

    Therefore, we fully support and encourage you, launchers and entrepreneurs, to continue to harness your ingenuity, to seize the moment and help Africa unlock the full potential of its blue economy.” he said.

    In her opening speech, the Director General of the European Commission, Directorate General for Maritime Affairs and Fisheries, Ms. Charlina Vitcheva, said that the European Union and Seychelles organizing BlueInvest Africa together demonstrates the high quality of their friendship.

    She highlighted EU-Africa cooperation and addressing the needs of the African population not only in terms of food security but also sustainable development and growing economic opportunities available to all.

    There, Ms. Vitcheva encouraged the participants to take advantage of the opportunities that this event will bring them by participating in discussions, exchanging points for investment groups, meeting with innovators and entrepreneurs, small businesses and start-ups operating in Africa with the common goal.

    interest in generating concrete business opportunities, developing sustainable products and services in the blue economy sectors.

    The ceremony was also highlighted by a video message from the Commissioner for Agriculture, Rural Development, Blue Economy and Sustainable Environment (ARBE) of the African Union Commission, Ms. Josefa Sacko.

    The ceremony was also attended by Vice President Ahmed Afif, Minister Designate and Minister of Fisheries, Mr. Jean-François Ferrari, the EU Ambassador to the Republic of Seychelles and Mauritius, Mr. Vincent Degert, Ministers, Principal Secretaries, Members and European Union staff and other guests.

  •   The new High Commissioner of the United Republic of Tanzania to the Republic of Seychelles HE Dr John Stephen Simbachawene formally presented his credentials to President Wavel Ramkalawan during a ceremony at the State House yesterday morning The Head of State congratulated High Commissioner Simbachawene for his accreditation and expressed how Seychelles aspires to deepen bilateral collaboration with Tanzania in various fields of common interest Seychelles is committed to further cementing the good historical ties that our countries have enjoyed and looks forward to exploring the many avenues of cooperation that will be mutually beneficial to our two nations My wish is that during your tenure in office you can enhance certain areas of our cooperation and further strengthen our friendly ties said President Ramkalawan During the meeting President Ramkalawan and High Commissioner Simbachawene discussed various areas of cooperation that could take Seychelles Tanzania relations to greater heights including maritime security trade and investment agriculture tourism judiciary military and police as well as air links Among others There they both expressed the shared will and devotion of both countries to negotiate and conclude a General Cooperation Agreement GCA to pave the way for closer exchanges and identify key areas of common interest for further collaboration between Seychelles and Tanzania The President took the opportunity to thank the Government of Tanzania for the continued collaboration with the Tanzania Prison Service TPS to assist with the recruitment of Tanzanian prison workers to work at the Seychelles prison which has assisted in its operation He expressed the hope that both countries will further promote this cooperation Speaking to the national media after his meeting with the President High Commissioner Simbachawene said that his conversation with the Head of State also included the proposal to facilitate the promotion of the Swahili language here in Seychelles In addition he underlined his country s commitment to strengthening bilateral relations with Seychelles in various areas HE Dr John Stephen Simbachawene is the fourth High Commissioner of the United Republic of Tanzania to the Republic of Seychelles He will be based in Nairobi Kenya Following his accreditation HE Ambassador Okaniwa also paid a courtesy visit to the Vice President Mr Ahmed Afif High Commissioner Simbachawene was accompanied by the Defense Attach Brigadier General Alfred Masele Machang the First Secretary Mr Isaac Insanzu and the Financial Attach Mr Self Mwenda Also present were the Director General of the Bilateral Affairs Division of the Department of Foreign Affairs Ms Lindy Ernesta and the Third Secretary of the Department of Foreign Affairs Ms Ingrid Labrosse
    Fourth High Commissioner of Tanzania in Seychelles accredited
      The new High Commissioner of the United Republic of Tanzania to the Republic of Seychelles HE Dr John Stephen Simbachawene formally presented his credentials to President Wavel Ramkalawan during a ceremony at the State House yesterday morning The Head of State congratulated High Commissioner Simbachawene for his accreditation and expressed how Seychelles aspires to deepen bilateral collaboration with Tanzania in various fields of common interest Seychelles is committed to further cementing the good historical ties that our countries have enjoyed and looks forward to exploring the many avenues of cooperation that will be mutually beneficial to our two nations My wish is that during your tenure in office you can enhance certain areas of our cooperation and further strengthen our friendly ties said President Ramkalawan During the meeting President Ramkalawan and High Commissioner Simbachawene discussed various areas of cooperation that could take Seychelles Tanzania relations to greater heights including maritime security trade and investment agriculture tourism judiciary military and police as well as air links Among others There they both expressed the shared will and devotion of both countries to negotiate and conclude a General Cooperation Agreement GCA to pave the way for closer exchanges and identify key areas of common interest for further collaboration between Seychelles and Tanzania The President took the opportunity to thank the Government of Tanzania for the continued collaboration with the Tanzania Prison Service TPS to assist with the recruitment of Tanzanian prison workers to work at the Seychelles prison which has assisted in its operation He expressed the hope that both countries will further promote this cooperation Speaking to the national media after his meeting with the President High Commissioner Simbachawene said that his conversation with the Head of State also included the proposal to facilitate the promotion of the Swahili language here in Seychelles In addition he underlined his country s commitment to strengthening bilateral relations with Seychelles in various areas HE Dr John Stephen Simbachawene is the fourth High Commissioner of the United Republic of Tanzania to the Republic of Seychelles He will be based in Nairobi Kenya Following his accreditation HE Ambassador Okaniwa also paid a courtesy visit to the Vice President Mr Ahmed Afif High Commissioner Simbachawene was accompanied by the Defense Attach Brigadier General Alfred Masele Machang the First Secretary Mr Isaac Insanzu and the Financial Attach Mr Self Mwenda Also present were the Director General of the Bilateral Affairs Division of the Department of Foreign Affairs Ms Lindy Ernesta and the Third Secretary of the Department of Foreign Affairs Ms Ingrid Labrosse
    Fourth High Commissioner of Tanzania in Seychelles accredited
    Africa1 month ago

    Fourth High Commissioner of Tanzania in Seychelles accredited

    The new High Commissioner of the United Republic of Tanzania to the Republic of Seychelles, HE Dr. John Stephen Simbachawene, formally presented his credentials to President Wavel Ramkalawan during a ceremony at the State House yesterday morning.

    The Head of State congratulated High Commissioner Simbachawene for his accreditation and expressed how Seychelles aspires to deepen bilateral collaboration with Tanzania in various fields of common interest.

    “Seychelles is committed to further cementing the good historical ties that our countries have enjoyed and looks forward to exploring the many avenues of cooperation that will be mutually beneficial to our two nations.

    My wish is that during your tenure in office you can enhance certain areas of our cooperation and further strengthen our friendly ties,” said President Ramkalawan.

    During the meeting, President Ramkalawan and High Commissioner Simbachawene discussed various areas of cooperation that could take Seychelles-Tanzania relations to greater heights, including maritime security, trade and investment, agriculture, tourism, judiciary , military and police, as well as air links.

    Among others.

    There they both expressed the shared will and devotion of both countries to negotiate and conclude a General Cooperation Agreement (GCA) to pave the way for closer exchanges and identify key areas of common interest for further collaboration between Seychelles and Tanzania.

    The President took the opportunity to thank the Government of Tanzania for the continued collaboration with the Tanzania Prison Service (TPS) to assist with the recruitment of Tanzanian prison workers to work at the Seychelles prison, which has assisted in its operation.

    He expressed the hope that both countries will further promote this cooperation.

    Speaking to the national media after his meeting with the President, High Commissioner Simbachawene said that his conversation with the Head of State also included the proposal to facilitate the promotion of the Swahili language here in Seychelles.

    In addition, he underlined his country's commitment to strengthening bilateral relations with Seychelles in various areas.

    HE Dr. John Stephen Simbachawene is the fourth High Commissioner of the United Republic of Tanzania to the Republic of Seychelles.

    He will be based in Nairobi, Kenya.

    Following his accreditation, HE Ambassador Okaniwa also paid a courtesy visit to the Vice President, Mr. Ahmed Afif. High Commissioner Simbachawene was accompanied by the Defense Attaché, Brigadier General Alfred Masele Machang, the First Secretary, Mr. Isaac Insanzu, and the Financial Attaché, Mr. Self Mwenda.

    Also present were the Director General of the Bilateral Affairs Division of the Department of Foreign Affairs, Ms. Lindy Ernesta, and the Third Secretary of the Department of Foreign Affairs, Ms. Ingrid Labrosse.

  •   The President of the Republic Mr Wavel Ramkalawan received the Director General of the European Commission Directorate General for Maritime Affairs and Fisheries Mrs Charlina Vitcheva at Government House yesterday morning Ms Vitcheva and her delegation are on an official visit to Seychelles and are also participating in the BlueInvest Africa event which is expected to bring together entrepreneurs and investors for the first time around projects with the potential to boost the blue economy African President Wavel Ramkalawan began by welcoming Ms Vitcheva and her delegation to Seychelles and thanked the European Union for choosing Seychelles to host this event The President further thanked them for the strong partnership that exists between Seychelles and the European Union and reaffirmed his commitment to further strengthening the EU Seychelles partnership He hoped that BlueInvest Africa would pave the way for new investment opportunities and that entrepreneurs and investors would make the most of the event For her part Ms Vitcheva expressed her gratitude to the Government of Seychelles for hosting the event and to all those who participated in organizing it She reaffirmed the European Union s willingness to continue supporting Seychelles in achieving its development priorities and underlined that Seychelles is a strategic and like minded partner for the EU During the meeting Ms Vitcheva informed the President about the various meetings held with senior officials in different Ministries where it was an opportunity for the delegation to exchange on the strategic partnership between Seychelles and the EU The Head of State and Ms Vitcheva also touched on critical areas of cooperation including the Sustainable Fisheries Partnership Agreement and other strategic partnerships in the region including maritime security She also took the opportunity to congratulate Seychelles for the improvement in the International Monetary Fund IMF program and for being one of the countries with a concrete commitment to the Paris Agreement Ms Vitcheva was accompanied at Government House by the EU Ambassador to the Republic of Seychelles HE Mr Vincent Degert DG MARE Assistant Mr Stijn Billiet and the Press and Communications Officer Mrs Corinne Paya Also present were the Minister Designate and Minister for Fisheries Mr Jean Fran ois Ferrari the Principal Secretary Blue Economy Mr Kenneth Racombo and other officials from the Blue Economy Department
    President Ramkalawan meets with the Director General of the European Commission, Directorate General for Maritime Affairs and Fisheries ahead of BlueInvest Africa
      The President of the Republic Mr Wavel Ramkalawan received the Director General of the European Commission Directorate General for Maritime Affairs and Fisheries Mrs Charlina Vitcheva at Government House yesterday morning Ms Vitcheva and her delegation are on an official visit to Seychelles and are also participating in the BlueInvest Africa event which is expected to bring together entrepreneurs and investors for the first time around projects with the potential to boost the blue economy African President Wavel Ramkalawan began by welcoming Ms Vitcheva and her delegation to Seychelles and thanked the European Union for choosing Seychelles to host this event The President further thanked them for the strong partnership that exists between Seychelles and the European Union and reaffirmed his commitment to further strengthening the EU Seychelles partnership He hoped that BlueInvest Africa would pave the way for new investment opportunities and that entrepreneurs and investors would make the most of the event For her part Ms Vitcheva expressed her gratitude to the Government of Seychelles for hosting the event and to all those who participated in organizing it She reaffirmed the European Union s willingness to continue supporting Seychelles in achieving its development priorities and underlined that Seychelles is a strategic and like minded partner for the EU During the meeting Ms Vitcheva informed the President about the various meetings held with senior officials in different Ministries where it was an opportunity for the delegation to exchange on the strategic partnership between Seychelles and the EU The Head of State and Ms Vitcheva also touched on critical areas of cooperation including the Sustainable Fisheries Partnership Agreement and other strategic partnerships in the region including maritime security She also took the opportunity to congratulate Seychelles for the improvement in the International Monetary Fund IMF program and for being one of the countries with a concrete commitment to the Paris Agreement Ms Vitcheva was accompanied at Government House by the EU Ambassador to the Republic of Seychelles HE Mr Vincent Degert DG MARE Assistant Mr Stijn Billiet and the Press and Communications Officer Mrs Corinne Paya Also present were the Minister Designate and Minister for Fisheries Mr Jean Fran ois Ferrari the Principal Secretary Blue Economy Mr Kenneth Racombo and other officials from the Blue Economy Department
    President Ramkalawan meets with the Director General of the European Commission, Directorate General for Maritime Affairs and Fisheries ahead of BlueInvest Africa
    Africa1 month ago

    President Ramkalawan meets with the Director General of the European Commission, Directorate General for Maritime Affairs and Fisheries ahead of BlueInvest Africa

    The President of the Republic, Mr. Wavel Ramkalawan, received the Director General of the European Commission, Directorate General for Maritime Affairs and Fisheries, Mrs. Charlina Vitcheva, at Government House yesterday morning.

    Ms Vitcheva and her delegation are on an official visit to Seychelles and are also participating in the BlueInvest Africa event, which is expected to bring together entrepreneurs and investors for the first time around projects with the potential to boost the blue economy.

    African.

    President Wavel Ramkalawan began by welcoming Ms. Vitcheva and her delegation to Seychelles and thanked the European Union for choosing Seychelles to host this event.

    The President further thanked them for the strong partnership that exists between Seychelles and the European Union and reaffirmed his commitment to further strengthening the EU-Seychelles partnership.

    He hoped that BlueInvest Africa would pave the way for new investment opportunities and that entrepreneurs and investors would make the most of the event.

    For her part, Ms. Vitcheva expressed her gratitude to the Government of Seychelles for hosting the event and to all those who participated in organizing it.

    She reaffirmed the European Union's willingness to continue supporting Seychelles in achieving its development priorities and underlined that Seychelles is a strategic and like-minded partner for the EU.

    During the meeting, Ms. Vitcheva informed the President about the various meetings held with senior officials in different Ministries, where it was an opportunity for the delegation to exchange on the strategic partnership between Seychelles and the EU.

    The Head of State and Ms. Vitcheva also touched on critical areas of cooperation, including the Sustainable Fisheries Partnership Agreement and other strategic partnerships in the region, including maritime security.

    She also took the opportunity to congratulate Seychelles for the improvement in the International Monetary Fund (IMF) program and for being one of the countries with a concrete commitment to the Paris Agreement.

    Ms. Vitcheva was accompanied at Government House by the EU Ambassador to the Republic of Seychelles, HE Mr. Vincent Degert, DG MARE Assistant, Mr. Stijn Billiet, and the Press and Communications Officer , Mrs. Corinne Paya. Also present were the Minister Designate and Minister for Fisheries, Mr. Jean-François Ferrari, the Principal Secretary, Blue Economy, Mr. Kenneth Racombo, and other officials from the Blue Economy Department.

  •   On behalf of the Government and People of Seychelles President Wavel Ramkalawan sent a message of congratulations to the Rt Hon Elizabeth Truss MP for her appointment as the new Prime Minister of the United Kingdom of Great Britain and Northern Ireland President Ramkalawan s message reads Her official appointment of her as Prime Minister comes at a time when the world is facing unprecedented challenges and is in dire need of strong leadership and political will to overcome them I am sure that you and your government are up to the tasks that lie ahead The UK and Seychelles share common perspectives on many issues including the need to promote sustainable economic growth global security and climate change Our two countries also have a long history of friendship and cooperation continually strengthened bilaterally and multilaterally especially within the Commonwealth the United Nations and other international organizations President Ramkalawan added President Ramkalawan expressed his confidence in Rt Hon Elizabeth Truss to further elevate and diversify the collaboration between the two nations and pledged her support and that of the Government of the Republic of Seychelles during her tenure as Prime Minister
    President Wavel Ramkalawan sends a congratulatory message to the new Prime Minister of the United Kingdom and Northern Ireland
      On behalf of the Government and People of Seychelles President Wavel Ramkalawan sent a message of congratulations to the Rt Hon Elizabeth Truss MP for her appointment as the new Prime Minister of the United Kingdom of Great Britain and Northern Ireland President Ramkalawan s message reads Her official appointment of her as Prime Minister comes at a time when the world is facing unprecedented challenges and is in dire need of strong leadership and political will to overcome them I am sure that you and your government are up to the tasks that lie ahead The UK and Seychelles share common perspectives on many issues including the need to promote sustainable economic growth global security and climate change Our two countries also have a long history of friendship and cooperation continually strengthened bilaterally and multilaterally especially within the Commonwealth the United Nations and other international organizations President Ramkalawan added President Ramkalawan expressed his confidence in Rt Hon Elizabeth Truss to further elevate and diversify the collaboration between the two nations and pledged her support and that of the Government of the Republic of Seychelles during her tenure as Prime Minister
    President Wavel Ramkalawan sends a congratulatory message to the new Prime Minister of the United Kingdom and Northern Ireland
    Africa1 month ago

    President Wavel Ramkalawan sends a congratulatory message to the new Prime Minister of the United Kingdom and Northern Ireland

    On behalf of the Government and People of Seychelles, President Wavel Ramkalawan sent a message of congratulations to the Rt. Hon Elizabeth Truss MP, for her appointment as the new Prime Minister of the United Kingdom of Great Britain and Northern Ireland.

    President Ramkalawan's message reads: “Her official appointment of her as Prime Minister comes at a time when the world is facing unprecedented challenges and is in dire need of strong leadership and political will to overcome them.

    I am sure that you and your government are up to the tasks that lie ahead.” “The UK and Seychelles share common perspectives on many issues, including the need to promote sustainable economic growth, global security and climate change.

    Our two countries also have a long history of friendship and cooperation, continually strengthened bilaterally and multilaterally, especially within the Commonwealth, the United Nations and other international organizations," President Ramkalawan added.

    President Ramkalawan expressed his confidence in Rt. Hon Elizabeth Truss to further elevate and diversify the collaboration between the two nations and pledged her support and that of the Government of the Republic of Seychelles during her tenure as Prime Minister.

  •   The Chairman of the African Union Commission HE Moussa Faki Mahamat warmly congratulates HE William Kipchirchir Samoei Arap Ruto on his election as President elect of the Republic of Kenya following the successful conduct of general elections on August 9 2022 and unanimous judicial confirmation of the election results The President also congratulates the outgoing President HE Uhuru Kenyatta for his strong and impressive leadership during his tenure The President also wishes to commend the Kenya Independent Electoral and Boundary Commission and all national stakeholders for their collective efforts and exemplary conduct in holding peaceful elections until the final outcome of the Kenya High Court electoral petition Kenya In this regard the President expresses his deep appreciation to HE Enerst Bai Koroma former President of the Republic of Sierra Leone for his leadership of the African Union Election Observer Mission working in conjunction with COMESA which was led by former Minister of Health and Social Development of Seychelles Ambassador Marie Pierre Lloyd member of the COMESA Committee for the Elderly The President further reiterates the continued support of the African Union Commission to the Republic of Kenya in its journey to deepen democracy constitutionalism good governance and sustainable development in the country
    President of the African Union Commission congratulates HE William Ruto as President-elect of the Republic of Kenya
      The Chairman of the African Union Commission HE Moussa Faki Mahamat warmly congratulates HE William Kipchirchir Samoei Arap Ruto on his election as President elect of the Republic of Kenya following the successful conduct of general elections on August 9 2022 and unanimous judicial confirmation of the election results The President also congratulates the outgoing President HE Uhuru Kenyatta for his strong and impressive leadership during his tenure The President also wishes to commend the Kenya Independent Electoral and Boundary Commission and all national stakeholders for their collective efforts and exemplary conduct in holding peaceful elections until the final outcome of the Kenya High Court electoral petition Kenya In this regard the President expresses his deep appreciation to HE Enerst Bai Koroma former President of the Republic of Sierra Leone for his leadership of the African Union Election Observer Mission working in conjunction with COMESA which was led by former Minister of Health and Social Development of Seychelles Ambassador Marie Pierre Lloyd member of the COMESA Committee for the Elderly The President further reiterates the continued support of the African Union Commission to the Republic of Kenya in its journey to deepen democracy constitutionalism good governance and sustainable development in the country
    President of the African Union Commission congratulates HE William Ruto as President-elect of the Republic of Kenya
    Africa1 month ago

    President of the African Union Commission congratulates HE William Ruto as President-elect of the Republic of Kenya

    The Chairman of the African Union Commission, HE Moussa Faki Mahamat, warmly congratulates HE William Kipchirchir Samoei Arap Ruto on his election as President-elect of the Republic of Kenya following the successful conduct of general elections on August 9, 2022 and unanimous judicial confirmation.

    of the election results.

    The President also congratulates the outgoing President, HE Uhuru Kenyatta, for his strong and impressive leadership during his tenure.

    The President also wishes to commend the Kenya Independent Electoral and Boundary Commission, and all national stakeholders, for their collective efforts and exemplary conduct in holding peaceful elections until the final outcome of the Kenya High Court electoral petition.

    Kenya.

    In this regard, the President expresses his deep appreciation to HE Enerst Bai Koroma, former President of the Republic of Sierra Leone, for his leadership of the African Union Election Observer Mission, working in conjunction with COMESA, which was led by former Minister of Health and Social Development of Seychelles, Ambassador Marie-Pierre Lloyd, member of the COMESA Committee for the Elderly.

    The President further reiterates the continued support of the African Union Commission to the Republic of Kenya in its journey to deepen democracy, constitutionalism, good governance and sustainable development in the country.

  •   By Margaret Soi Head of Cross Border Banking The African Continental Free Trade Area AfCFTA was signed on March 21 2018 in Kigali Rwanda by 44 of the 55 African countries and brokered by the African Union AU This agreement was born out of the realization that Africa s total commercial exports to the rest of the world are estimated at USD 760 billion however this is mainly in the form of raw materials and thus prevents Africa from realizing the true value of such exports Considering that African exports to the world represent only 3 of the total value of world trade there is much room for improvement Little wonder then that in a 2020 report the World Bank estimated that by 2035 real revenue gains from full implementation of the agreement could be 7 or nearly 450 billion while forecasting that the deal could help help an additional 30 million people of extreme poverty and 68 million people of moderate poverty In this context it is clear that the AfCFTA has the potential to have a significant impact on improving African livelihoods by boosting intra African trade and generating new employment opportunities in an integrated African labor market In a follow up report https bit ly 3wZhqmM published in June 2022 the World Bank listed other potential benefits of the AfCFTA at work including better paid and better quality jobs especially for women as well as wage increases of 11 2 for women and 9 8 for men by 2035 Policymakers say the free movement of workers will be a key factor in the successful functioning of the free trade area and the realization of the above benefits for workers Let us now delve into why the labor mobility promised under the AfCFTA is important for Africa s development and how it can be achieved to improve local livelihoods and ensure sustainable wealth creation in Africa says Margaret Soi head of cross border banking at Bank One Why labor mobility can benefit Africa both in host and native countries There is no denying that labor migration is good for trade and economic development especially in developing countries where the free movement of people benefits both the host country and the country of origin The benefits of the free movement of people within Africa can be grouped into the following five distinct categories Boosting trade and tourism The free movement of people can boost both trade and tourism For example Rwanda saw cross border trade with Kenya and Uganda increase by 50 thanks to reduced travel requirements to just ID cards for neighboring countries in 2013 In addition tourism to the Seychelles increased by a significant 7 per year between 2009 and 2014 when it abolished visas for African citizens Closing skills and labor gaps There could be situations where certain countries have particular excess skills while others lack the same skill set Allowing the free movement of labor will allow host countries to find such scarce skills at potentially lower rates than attracting talent from developed countries while alleviating demographic pressure in countries of origin In addition the productivity gains that come from these skilled workers will boost economic growth and per capita income For example while immigrants only make up 10 of the population of C te d Ivoire which is home to the second largest number of immigrants in Africa they account for 19 of GDP Stimulate local employment While it may seem counterintuitive as migrant workers compete for jobs with nationals their presence actually stimulates local employment as well For example in South Africa newly arrived immigrants were found to have a positive impact on native employment rates and wages and their presence resulted in lower unemployment Taking a broader example the creation of the EU and free movement within it has reduced the average unemployment rate in Europe by 6 Boosting government revenue The employment of migrant workers in the formal economy of host countries can have a significant positive effect on public finances through taxes For example migrant workers pay on average three times more taxes than citizens of Rwanda In Ghana local workers only cover between 70 and 80 of the expenses made on their behalf while migrant workers pay up to 159 of public spending on them Increased remittances and knowledge transfer to countries of origin Finally labor mobility benefits the country of origin of the migrant worker through its impact on remittances and knowledge transfer When migrant workers begin to work across borders there is a corresponding increase in remittances to their countries of origin To illustrate African migrant workers sent about 85 billion back to their families in 2019 Crucially intra African remittances tend to reduce poverty even more because regional migrants tend to have poorer families than those leaving to work in other continents Closing the loop when these migrant workers finally return home they often use their deepest skills and wealth creation to support their economies and stimulate employment by setting up new businesses or investing in companies and engaging in very knowledge transfer necessary in the process Effects of Intracontinental Labor Mobility on Labor Standards and Wealth Creation As a natural corollary to the beneficial effect of the AfCFTA on access to scarce skill sets in destination countries the ease of labor movement facilitated by the AfCFTA it has also caused some host countries to lose talent if their needs are not met This is likely to result in rising labor standards across the region as countries compete with each other to retain the most skilled workers explains Margaret Soi Significantly much needed labor mobility in an African context has seen the growth of a new class of people who have an appetite to grow maintain and preserve their wealth through sustainable investment solutions both locally and across borders On a pan African level this has stimulated increased demand for cross border banking through digital channels by these highly skilled professionals who now enjoy the added benefit of mobility to transform their livelihoods Indeed these professionals are well poised to join a growing class of affluent clients who live and work in Africa a segment that Bank One is ideally positioned to serve through the combined footprint of our two shareholders the Mauritius conglomerate CIEL Ltd and I M based in Kenya PLC group Margaret adds Financial institutions like Bank One can support the growth and needs of these skilled professionals by offering them best in class cross border banking solutions such as the recently awarded innovative cross border banking value proposition under our Offshore Elite Banking Unit At Bank One we have a host of world class banking solutions that allow us to offer services to clients as wealthy as they are in sub Saharan Africa such as Cross Border Transactions Secure offshore transactional capabilities for foreign currency banking around the world multiple currencies and geographies Advice trusted advice on investment structuring wealth management and access to guaranteed financing services Wealth Management Dedicated and experienced offshore banking relationship managers covering both Francophone and Anglophone clients Digital Banking Efficient digital banking services for accounts and investments including an award winning custody platform and best in class FX services Future Forward Committing to Labor Mobility for a Better Future for All Despite the plethora of benefits that can be derived from intra continental labor mobility not all African countries are committed to the concept Along with signing the AfCFTA agreement and supporting the Kigali Declaration while 32 African nations signed the Protocol on the Free Movement of Persons which seeks to establish a visa free zone within AfCFTA countries by January 2022 only four countries Rwanda Niger Mali and S o Tom and Pr ncipe have ratified it Most importantly Nigeria and South Africa Africa s two largest economies have neither signed nor ratified the agreement Thus more than a year after the launch of the AfCFTA it is becoming increasingly clear that its full potential will not be unlocked if we do not improve labor mobility across the continent to ensure the right skills are available at the right place at the right time Indeed only by ensuring the free movement of people and labor across the continent can we enhance economic growth enable businesses to find much needed skills faster increase productivity and enable wealth creation by allowing Africans trade more with other Africans
    How the African Continental Free Trade Area (AfCFTA) promises to improve labor mobility and spur wealth creation in Africa (By Margaret Soi)
      By Margaret Soi Head of Cross Border Banking The African Continental Free Trade Area AfCFTA was signed on March 21 2018 in Kigali Rwanda by 44 of the 55 African countries and brokered by the African Union AU This agreement was born out of the realization that Africa s total commercial exports to the rest of the world are estimated at USD 760 billion however this is mainly in the form of raw materials and thus prevents Africa from realizing the true value of such exports Considering that African exports to the world represent only 3 of the total value of world trade there is much room for improvement Little wonder then that in a 2020 report the World Bank estimated that by 2035 real revenue gains from full implementation of the agreement could be 7 or nearly 450 billion while forecasting that the deal could help help an additional 30 million people of extreme poverty and 68 million people of moderate poverty In this context it is clear that the AfCFTA has the potential to have a significant impact on improving African livelihoods by boosting intra African trade and generating new employment opportunities in an integrated African labor market In a follow up report https bit ly 3wZhqmM published in June 2022 the World Bank listed other potential benefits of the AfCFTA at work including better paid and better quality jobs especially for women as well as wage increases of 11 2 for women and 9 8 for men by 2035 Policymakers say the free movement of workers will be a key factor in the successful functioning of the free trade area and the realization of the above benefits for workers Let us now delve into why the labor mobility promised under the AfCFTA is important for Africa s development and how it can be achieved to improve local livelihoods and ensure sustainable wealth creation in Africa says Margaret Soi head of cross border banking at Bank One Why labor mobility can benefit Africa both in host and native countries There is no denying that labor migration is good for trade and economic development especially in developing countries where the free movement of people benefits both the host country and the country of origin The benefits of the free movement of people within Africa can be grouped into the following five distinct categories Boosting trade and tourism The free movement of people can boost both trade and tourism For example Rwanda saw cross border trade with Kenya and Uganda increase by 50 thanks to reduced travel requirements to just ID cards for neighboring countries in 2013 In addition tourism to the Seychelles increased by a significant 7 per year between 2009 and 2014 when it abolished visas for African citizens Closing skills and labor gaps There could be situations where certain countries have particular excess skills while others lack the same skill set Allowing the free movement of labor will allow host countries to find such scarce skills at potentially lower rates than attracting talent from developed countries while alleviating demographic pressure in countries of origin In addition the productivity gains that come from these skilled workers will boost economic growth and per capita income For example while immigrants only make up 10 of the population of C te d Ivoire which is home to the second largest number of immigrants in Africa they account for 19 of GDP Stimulate local employment While it may seem counterintuitive as migrant workers compete for jobs with nationals their presence actually stimulates local employment as well For example in South Africa newly arrived immigrants were found to have a positive impact on native employment rates and wages and their presence resulted in lower unemployment Taking a broader example the creation of the EU and free movement within it has reduced the average unemployment rate in Europe by 6 Boosting government revenue The employment of migrant workers in the formal economy of host countries can have a significant positive effect on public finances through taxes For example migrant workers pay on average three times more taxes than citizens of Rwanda In Ghana local workers only cover between 70 and 80 of the expenses made on their behalf while migrant workers pay up to 159 of public spending on them Increased remittances and knowledge transfer to countries of origin Finally labor mobility benefits the country of origin of the migrant worker through its impact on remittances and knowledge transfer When migrant workers begin to work across borders there is a corresponding increase in remittances to their countries of origin To illustrate African migrant workers sent about 85 billion back to their families in 2019 Crucially intra African remittances tend to reduce poverty even more because regional migrants tend to have poorer families than those leaving to work in other continents Closing the loop when these migrant workers finally return home they often use their deepest skills and wealth creation to support their economies and stimulate employment by setting up new businesses or investing in companies and engaging in very knowledge transfer necessary in the process Effects of Intracontinental Labor Mobility on Labor Standards and Wealth Creation As a natural corollary to the beneficial effect of the AfCFTA on access to scarce skill sets in destination countries the ease of labor movement facilitated by the AfCFTA it has also caused some host countries to lose talent if their needs are not met This is likely to result in rising labor standards across the region as countries compete with each other to retain the most skilled workers explains Margaret Soi Significantly much needed labor mobility in an African context has seen the growth of a new class of people who have an appetite to grow maintain and preserve their wealth through sustainable investment solutions both locally and across borders On a pan African level this has stimulated increased demand for cross border banking through digital channels by these highly skilled professionals who now enjoy the added benefit of mobility to transform their livelihoods Indeed these professionals are well poised to join a growing class of affluent clients who live and work in Africa a segment that Bank One is ideally positioned to serve through the combined footprint of our two shareholders the Mauritius conglomerate CIEL Ltd and I M based in Kenya PLC group Margaret adds Financial institutions like Bank One can support the growth and needs of these skilled professionals by offering them best in class cross border banking solutions such as the recently awarded innovative cross border banking value proposition under our Offshore Elite Banking Unit At Bank One we have a host of world class banking solutions that allow us to offer services to clients as wealthy as they are in sub Saharan Africa such as Cross Border Transactions Secure offshore transactional capabilities for foreign currency banking around the world multiple currencies and geographies Advice trusted advice on investment structuring wealth management and access to guaranteed financing services Wealth Management Dedicated and experienced offshore banking relationship managers covering both Francophone and Anglophone clients Digital Banking Efficient digital banking services for accounts and investments including an award winning custody platform and best in class FX services Future Forward Committing to Labor Mobility for a Better Future for All Despite the plethora of benefits that can be derived from intra continental labor mobility not all African countries are committed to the concept Along with signing the AfCFTA agreement and supporting the Kigali Declaration while 32 African nations signed the Protocol on the Free Movement of Persons which seeks to establish a visa free zone within AfCFTA countries by January 2022 only four countries Rwanda Niger Mali and S o Tom and Pr ncipe have ratified it Most importantly Nigeria and South Africa Africa s two largest economies have neither signed nor ratified the agreement Thus more than a year after the launch of the AfCFTA it is becoming increasingly clear that its full potential will not be unlocked if we do not improve labor mobility across the continent to ensure the right skills are available at the right place at the right time Indeed only by ensuring the free movement of people and labor across the continent can we enhance economic growth enable businesses to find much needed skills faster increase productivity and enable wealth creation by allowing Africans trade more with other Africans
    How the African Continental Free Trade Area (AfCFTA) promises to improve labor mobility and spur wealth creation in Africa (By Margaret Soi)
    Africa1 month ago

    How the African Continental Free Trade Area (AfCFTA) promises to improve labor mobility and spur wealth creation in Africa (By Margaret Soi)

    By Margaret Soi, Head of Cross-Border Banking The African Continental Free Trade Area (AfCFTA) was signed on March 21, 2018 in Kigali, Rwanda, by 44 of the 55 African countries, and brokered by the African Union (AU) .

    This agreement was born out of the realization that Africa's total commercial exports to the rest of the world are estimated at USD 760 billion; however, this is mainly in the form of raw materials and thus prevents Africa from realizing the true value of such exports.

    Considering that African exports to the world represent only 3% of the total value of world trade, there is much room for improvement.

    Little wonder then that, in a 2020 report, the World Bank estimated that by 2035, real revenue gains from full implementation of the agreement could be 7%, or nearly $450 billion, while forecasting that the deal could help help an additional 30 million people.

    of extreme poverty and 68 million people of moderate poverty.

    In this context, it is clear that the AfCFTA has the potential to have a significant impact on improving African livelihoods by boosting intra-African trade and generating new employment opportunities in an integrated African labor market.

    In a follow-up report (https://bit.ly/3wZhqmM) published in June 2022, the World Bank listed other potential benefits of the AfCFTA at work, including better paid and better quality jobs, especially for women; as well as wage increases of 11.2% for women and 9.8% for men by 2035.

    Policymakers say the free movement of workers will be a key factor in the successful functioning of the free trade area and the realization of the above benefits for workers.

    "Let us now delve into why the labor mobility promised under the AfCFTA is important for Africa's development and how it can be achieved to improve local livelihoods and ensure sustainable wealth creation in Africa," says Margaret Soi, head of cross-border banking.

    at Bank One. Why labor mobility can benefit Africa, both in host and native countries There is no denying that labor migration is good for trade and economic development, especially in developing countries, where the free movement of people benefits both the host country and the country of origin.

    The benefits of the free movement of people within Africa can be grouped into the following five distinct categories: Boosting trade and tourism: The free movement of people can boost both trade and tourism.

    For example, Rwanda saw cross-border trade with Kenya and Uganda increase by 50% thanks to reduced travel requirements to just ID cards for neighboring countries in 2013.

    In addition, tourism to the Seychelles increased by a significant 7% per year between 2009 and 2014, when it abolished visas for African citizens.

    Closing skills and labor gaps: There could be situations where certain countries have particular excess skills, while others lack the same skill set.

    Allowing the free movement of labor will allow host countries to find such scarce skills at potentially lower rates than attracting talent from developed countries, while alleviating demographic pressure in countries of origin.

    In addition, the productivity gains that come from these skilled workers will boost economic growth and per capita income.

    For example, while immigrants only make up 10% of the population of Côte d'Ivoire, which is home to the second largest number of immigrants in Africa, they account for 19% of GDP.

    Stimulate local employment: While it may seem counterintuitive as migrant workers compete for jobs with nationals, their presence actually stimulates local employment as well.

    For example, in South Africa, newly arrived immigrants were found to have a positive impact on native employment rates and wages, and their presence resulted in lower unemployment.

    Taking a broader example, the creation of the EU and free movement within it has reduced the average unemployment rate in Europe by 6%.

    Boosting government revenue: The employment of migrant workers in the formal economy of host countries can have a significant positive effect on public finances through taxes.

    For example, migrant workers pay on average three times more taxes than citizens of Rwanda.

    In Ghana, local workers only cover between 70 and 80% of the expenses made on their behalf, while migrant workers pay up to 159% of public spending on them.

    Increased remittances and knowledge transfer to countries of origin: Finally, labor mobility benefits the country of origin of the migrant worker through its impact on remittances and knowledge transfer.

    When migrant workers begin to work across borders, there is a corresponding increase in remittances to their countries of origin; To illustrate, African migrant workers sent about $85 billion back to their families in 2019.

    Crucially, intra-African remittances tend to reduce poverty even more, because regional migrants tend to have poorer families than those leaving.

    to work in other continents.

    Closing the loop, when these migrant workers finally return home, they often use their deepest skills and wealth creation to support their economies and stimulate employment by setting up new businesses or investing in companies, and engaging in very knowledge transfer.

    necessary in the process.

    Effects of Intracontinental Labor Mobility on Labor Standards and Wealth Creation “As a natural corollary to the beneficial effect of the AfCFTA on access to scarce skill sets in destination countries, the ease of labor movement facilitated by the AfCFTA it has also caused some host countries to lose talent if their needs are not met.

    This is likely to result in rising labor standards across the region as countries compete with each other to retain the most skilled workers,” explains Margaret Soi. Significantly, much-needed labor mobility in an African context has seen the growth of a new class of people who have an appetite to grow, maintain and preserve their wealth through sustainable investment solutions both locally and across borders.

    On a pan-African level, this has stimulated increased demand for cross-border banking through digital channels by these highly-skilled professionals who now enjoy the added benefit of mobility to transform their livelihoods.

    Indeed, these professionals are well poised to join a growing class of affluent clients who live and work in Africa, a segment that Bank One is ideally positioned to serve through the combined footprint of our two shareholders, the Mauritius conglomerate CIEL Ltd and I&M based in Kenya.

    PLC group.

    Margaret adds: “Financial institutions like Bank One can support the growth and needs of these skilled professionals by offering them best-in-class cross-border banking solutions, such as the recently awarded innovative cross-border banking value proposition under our Offshore Elite Banking Unit. At Bank One, we have a host of world-class banking solutions that allow us to offer services to clients as wealthy as they are in sub-Saharan Africa, such as: Cross-Border Transactions: Secure offshore transactional capabilities for foreign currency banking around the world .

    multiple currencies and geographies.

    Advice: trusted advice on investment structuring, wealth management and access to guaranteed financing services.

    Wealth Management: Dedicated and experienced offshore banking relationship managers covering both Francophone and Anglophone clients.

    Digital Banking: Efficient digital banking services for accounts and investments, including an award-winning custody platform and best-in-class FX services.

    Future Forward: Committing to Labor Mobility for a Better Future for All Despite the plethora of benefits that can be derived from intra-continental labor mobility, not all African countries are committed to the concept.

    Along with signing the AfCFTA agreement and supporting the Kigali Declaration, while 32 African nations signed the Protocol on the Free Movement of Persons (which seeks to establish a visa-free zone within AfCFTA countries) by January 2022, only four countries – Rwanda, Niger, Mali and São Tomé and Príncipe – have ratified it.

    Most importantly, Nigeria and South Africa, Africa's two largest economies, have neither signed nor ratified the agreement.

    Thus, more than a year after the launch of the AfCFTA, it is becoming increasingly clear that its full potential will not be unlocked if we do not improve labor mobility across the continent to ensure the right skills are available at the right place at the right time.

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    Indeed, only by ensuring the free movement of people and labor across the continent can we enhance economic growth, enable businesses to find much-needed skills faster, increase productivity and enable wealth creation by allowing Africans trade more with other Africans.