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Thursday, 20 September 2018
The European commission's had of development has admitted that EU aid could be better spent. Stefano Manservisi said that between €5 and €7bn a year in aid could be allocated "more efficiently. "The frank admission by Manservisi comes a day after a major UN report called for an increase in overseas development aid. Manservisi, director general for development, conceded that there was a need for "better coordination" in the way overseas aid is spent. He said that various authorities and bodies, such as the EU, were "competing" with each other "to be present" in those areas where aid is disseminated, such as Africa. "This competition is good but it also leads to a sort of fragmentation which is very costly. What I would like to see is more of an emphasis on output rather than the aid process itself."
Source: theparliament.com
Kenya and other African countries should press for the prioritisation of infrastructure development projects when negotiating new economic partnerships with Europe. According to the UN Conference for Trade and Development (UNCTAD), whereas economic partnership agreements (EPAs) are critical to boosting the fortunes of the continent, it is important to identify and emphasise specific strategic growth drivers. Statistics have shown that intra-African trade is considerably limited by poor infrastructure and the high trade costs that this creates. Most countries including Kenya, keen on improving their competitiveness, have moved to increase budgetary allocations towards infrastructure development even though liquidity woes have hindered them from attaining their desired goals. This has resulted mainly in donor dependence as the little funds available in the markets remain fairly expensive for their economies.
Source: allafrica.com
Economic Partnership Agreements. On Wednesday West African church leaders cautioned governments in the sub-region against signing the Economic Partnership Agreements (EPAs) for African, Caribbean and Pacific (ACP) countries in their present form. The leaders consider that as they stand the EPAs are not beneficial and do not give the countries of the Economic Community of West African States (ECOWAS) sufficient economic and political leeway to improve the production of staple foods. The warning was contained in a press communiqué issued by the churches and organisations of Christian faith under the canopy of Fellowship of Christian Councils and Churches in West Africa (FECCIWA), after a meeting in Monrovia, Liberia. The communiqué also urges ECOWAS to improve the access of smallholder and women farmers to sustainable water supplies, agricultural inputs, safety nets and market information systems and safeguard and strengthen land use rights by public intervention measures at national and regional levels.
Source: Afrique en ligne
European Development Commissioner Louis Michel had already threatened to suspend a portion of the budgetary aid earmarked for the government of Niger’s president Tandja. Now, in a first move to penalise the state authorities, the Commission has frozen a grant intended to bolster the country’s budget. Nothing is known about the amount involved, but symbolically the European Union is demonstrating its readiness to punish President Tandja – who is attempting by all possible means to remain in power after his mandate expires at the end of December – for his institutional machinations.
Source: RFI
Monday, 20 July 2009
The European Investment Bank (EIB) is lending EUR 120 million to the South African National Roads Agency Ltd (Sanral) for the upgrade and extension of two key toll roads in northern South Africa.
Source: EIB