Video guest: Josephine Mwangi

June 2018
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EDITO
Tuesday, 19 June 2018

Germany has handed over maritime security equipment to the Multi-national Maritime Coordination Centre (MMCC) in Accra, Ghana to assist ECOWAS maritime security measures. The equipment donated to the Centre is one of the efforts of Germany in consolidating its maritime safety support for the Economic Community of West African States (ECOWAS). The equipment, worth 1.2 million Euros, consist of 18 items-a Barrett long range telecommunications device including nautical and marine radio facilities, satellite communication radio, computers, monitors and voltage regulators, a Mast as well as minibus and their accessories.

Tuesday, 24 April 2018

Grenada and the European Union have signed an agreement for just under one million euros (EC$3.3M) to support the Government’s Public Financial Management PFM) reform agenda, in line with its Growth and Poverty Reduction Strategy. PFM in general underpins fiscal and macro-economic stability, guides the allocation of public resources to national priorities, supports the efficient delivery of services, and makes possible the transparency and scrutiny of public funds. Some of the objectives under Grenada’s PFM action plan include the issue of transparency, good governance and oversight of the budget.

Spain is exploring investment opportunities in Zimbabwe's energy sector as relations between the two countries grow stronger. Zimbabwe-Spain relations are being reinforced following the coming into power of a new dispensation and a subsequent visit by a special envoy sent by President Emmerson Mnangagwa to Madrid in March. Speaking after paying a courtesy call on Energy and Power Development Minister Ambassador Simon Khaya Moyo, Spanish ambassador to Zimbabwe Alicia Moral said she has been meeting with various cabinet ministers in a bid to deepen economic collaboration between the two countries in different areas.

The European Union and UNCTAD launched today in Luanda a four-year, €5.5 million ($6.9m) project aimed at helping Angola diversify its economy and reduce its dependence on oil, which accounts for a whopping 93% of total merchandise exports. After decades of civil war ended in 2002, Angola’s economy took off thanks to abundant oil reserves, which fueled a decade of double-digit growth. The steady flow of petrodollars financed new roads and fancy skyscrapers in Luanda, the nation’s capital and now one of the world’s most expensive cities.

Allianz has announced that it is funding infrastructure projects in Africa by investing in the Emerging Africa Infrastructure Fund (EAIF) managed by Investec Asset Management, the asset management branch of South African Investec Bank. To do this, Allianz will contribute €75 million and US$25 million (€20 million) over the next 12 years. This EAIF investment will create value for customers of Allianz and is completely aligned with the international investment strategy of the German group.

Last Thursday, the ministers of Planning, Social Affairs and Employment, Women’s Rights and the National Authorising Officer of the European Development Fund launched, in partnership with the European Union, the Programme to Strengthen the Organisations of Haitian Civil Society (PROSCH). Financed by the European Union with €5 million over the next four years, this programme aims to promote the establishment of democracy in Haiti though an increasing, fair and effective involvement of civil society in political, economic and social decision-making processes.

Last Friday in Dakar, the Senegalese government and the EU signed three financial agreements worth over 15 billion CFA Francs for domestic security, transport and the Programme for Competitiveness in West Africa (PCAO). The agreements were signed by Finance Minister Amadou Bâ and the EU ambassador to Senegal, Joaquin Gonzalez-Ducay. “The first injection, of 6.5 billion CFA Francs, is earmarked for cooperation on internal security between Senegal and the European Union,” said Amadou Bâ.

The European Bank for Reconstruction and Development (EBRD) has announced plans to expand into sub-Saharan Africa, according to its president Suma Chakrabarti. In addition, he said the bank intended to lend an additional €2.5 to €3 billion on top of the €9.5 billion averaged over the past few years, without having to raise additional capital.

Monday, 23 April 2018

The Caribbean Export Development Agency in cooperation with the European Union is working with the Saint Lucia Trade Promotions Agency (TEPA) to sensitize the local business community on the Direct Assistance Grant Scheme (DAGS). As a part of its sensitization drive, the agencies hosted a one-day proposal writing workshop for Businesses and Business Support Organizations to increase the awareness and understanding of accessing the Direct Assistance Grant Scheme.

The European Union has agreed to provide Mozambique with 30 million euros (about 37 million US dollars) to support the campaign for improved nutrition over the next four years. The drive to combat chronic malnutrition is being undertaken by the Ministry of Health through the National Health Institute (INS). Geert Anckaert, the head of operations in the Economic Development and Governance section of the EU delegation in Maputo, announced the financing on Thursday, during the launch of a project to assess nutrition programmes and policies.