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Newsletter 532

Video guest: Josephine Mwangi

March 2019
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EDITO
Tuesday, 26 March 2019

Mr Thomas Silberhorn, the Deputy Minister in the German Federal Ministry for Economic Cooperation and Development, has reaffirmed Germany’s commitment to support measures to ensure transparency in Ghana payroll system and other development activities. He said Germany financed the country’s biometric payment mechanism with the introduction of E-Zwich under the Ghana Interbank Payment and Settlement Systems Limited to detect and correct the anomalies in the data of employees. “Digitalisation brings about great chances for African countries. Such an innovative payment mechanism does not only give many people access to the banking system but relevant tool to fight fraud and corruption,” he explained.

With the United Kingdom scheduled to officially advise the European Union next Wednesday of its intention to leave the EU, triggering two years of Brexit negotiations, Caribbean tourism officials recently undertook a mission to the European capital, Brussels. They engaged in a series of meetings with senior parliamentarians and officials in the European Parliament, the European Commission, the CARIFORUM ambassadors, and other key stakeholders and influencers. The mission was led by secretary general of the Caribbean Tourism Organization (CTO) Hugh Riley in collaboration with president of the Caribbean Hotel and Tourism Association (CHTA) Karolin Troubetzkoy.

More than 1800 sugarcane and 6000 produce growers and their families will benefit from an EU-funded $30 million cane access road project launched by Prime Minister Voreqe Bainimarama yesterday. The EU supported project, implemented by the Pacific Community's (SPC) rural access roads and associated infrastructure (RARAI) will be rolled out at Koronubu in Ba, Malolo in Nadi and Drasa in Lautoka. Residents living in Malolo Sector, Nadi, where work on 29 kilometres of roads began yesterday, had raised concerns about the poor state of the access-way for many years. While launching the project, Mr Bainimarama said the Government had a steadfast commitment to not just sustain the industry but to keep it growing well into the future.

The upcoming Agritech Expo Zambia in Chisamba from 27-29 April will feature a record number of six international pavilions from strong farming countries Germany, the UK, the Netherlands, France, the Czech Republic and Zimbabwe, each showcasing their own specialised products and services to the agri community. “For four years now the German Agricultural Society has been involved in Agritech Expo Zambia” says Martin Botzian, Head of Communication at DLG International GmbH.

State Development Bank of Poland (BGK) has approved a One hundred million US dollars Grant to spur investments in Angola through projects in the fisheries, agriculture, transport and other sectors of the national economy. This is the first funding initiative from the bank for investments in Angola within a long-term credit line, whose terms of conditions would be based on the establishment of the Agreement on Export Credits. In order to achieve this financing, which also aims to ensure the development of fruitful cooperation between the two countries, a Memorandum of Understanding was signed by the Ministry of Finance and BGK on Tuesday in Luanda to expand and boost relations between the two economies.