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Newsletter 423

Video guest: Josephine Mwangi

September 2018
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Tuesday, 25 September 2018

Angola plans to invest over US$98 million on a vocational training school for the fishing sector in Luanda, which will be a vocational training school in fisheries to be built and equipped by Spanish company Incatema Consulting & Engineering. Building and equipping the new Fisheries School (Cefopescas), “is intended to improve training of human resources” in this sector in the province of Luanda, according to a presidential order. Since 2003 Cefopescas has trained over 4,000 industry professionals in several areas. Under the Angolan Fisheries Ministry, the school provides training courses for sailors, mechanics, naval power, naval electricity, electromechanical cold welding, information technology and English.

As relations between Denmark and South Africa continue to improve, visiting Danish minister Mogens Jensen says his country will step up trade with the Southern African country by a 50% margin. Speaking at a bilateral meeting with South Africa's Minister of Trade and Industry Rob Davies in Cape Town on 3 November, Jensen said his government regards South Africa “as a port to the rest of Africa”. Jensen, a minister of Trade and Development Cooperation, said South Africa is one of the favourite destinations for his countrymen, with 27 000 Danes visiting the country each year. In this regard, Denmark is looking into introducing a direct flight from his country to South Africa. South Africa's total trade with Denmark has been increasing steadily, from R2.9-billion in 2009, to R4.8-billion in 2013, according to Davies.

The honour of delivering the keynote address at the high-level EU-Africa Business Forum earlier this year fell to Dr Ahmed Heikal. In front of European Commissioners, leading politicians, chief executives of huge multinationals, senior bank bosses and billionaires, the Egyptian investment tycoon was asked to set the tone of the forum, a three-day lobbying event funded by the EU. Dr Heikal is founder and chairman of Qalaa, an African investment fund with $9.5bn on its books. The European Commission says he represents a company that has become an “African success story”. But although it is undoubtedly successful, Qalaa's business model raises a series of questions about whether it represents the sustainable and inclusive growth that the EU says it wants to encourage in Africa. An investigation by the Illicit Finance Journalism Programme (IFJP) shows Qalaa has paid extremely low levels of corporation tax since it was founded over 10 years ago and relies heavily on some of the most secretive financial jurisdictions in the world. It has also received hundreds of millions of euros in loans from the European Investment Bank (EIB), the EU’s longterm lending institution – a revelation which the EU parliament is set to investigate.

The Burundi Second Vice-President of the Republic, Eng. Dr. Gervais Rufyikiri, has commissioned a European Union funded project aimed at improving land management and governance. The project is funded at BIF 12 billion and will be implemented by GIZ for a period of 4 years. Rufyikiri said the Government of Burundi welcomes the launch of the project, which is also a response to the concerns of Burundi 2025 Vision. The Burundi 2025 Vision is committed to make social protection and rational management of the environment a priority so that Burundians may live in a secured and well-managed environment.

President Michael D Higgins of Ireland, on a visit to Ethiopia this week, witnessed the signing of three bilateral treaties agreements between Ireland and Ethiopia on Monday (November 3). The agreements were signed following a meeting between President Higgins and Prime Minister Hailemariam. One agreement is on avoidance of double taxation and is expected to encourage the growth of trade and investment between Ireland and Ethiopia. A bilateral transport agreement will clear the way for direct flights by Ethiopian airlines from June 2015 between Dublin and Addis Ababa. This will provide the first-ever direct scheduled route between Ireland and Africa.