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EDITO
Tuesday, 25 July 2017

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.

Thursday, 23 March 2017

The French Development Agency (AFD) has provided South Africa’s power utility Eskom with a ZAR 6 billion ($477.7 million) credit facility. Eskom, which has delayed the development of several large-scale PV projects over the past years due to grid issues, will use the funds to improve its network and integrate more renewable energy power. The French Development Agency (AFD) has agreed to provide South African power utility Eskom with a multi-tranche 6 billion ZAR ($477.7 million) credit facility. The facility is intended to support Eskom’s plans to improve and expand its power grids. The funds will be used to strengthen transmission lines and substations linked to large-scale renewable energy power plants, AFD said.