Video guest: Josephine Mwangi

October 2017
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EDITO
Tuesday, 17 October 2017

Dar es Salaam, The UK government was under pressure on Saturday to review aid worth £200 million (about Sh 433.6 billion) to Tanzania in protest of the manner in which the Zanzibar election was conducted. A former Cabinet minister in the British government warned against "spraying money around" simply to ensure that Britain kept the United Nations target of spending 0.7 per cent of national income on overseas aid.

Tuesday, 05 April 2016

Cyclone Winston, the most powerful storm to make landfall in the southern hemisphere, killed more than 40 people when it ravaged the Pacific nation. The Uto Ni Yalo Trust, which owns the traditional canoe, sailed into Levuka where houses, schools and roads were destroyed. "Levuka was one of the worst-hit maritime communities in the Fiji group post Cyclone Winston," Uto Ni Yalo Trust secretary Dwaii Qalovaki said."Our task was to carry two tonnes of relief supplies to the community of Baba."

Thursday, 31 March 2016

The United Kingdom’s economy is not growing as quickly as previously thought, U.K. Chancellor of the Exchequer George Osborne revealed Wednesday. Original estimates by the Office for Budget Responsibility in November projected an average of 0.6 percent growth in gross domestic product over the next four years, now halved to 0.3 percent. As a result, the country’s aid budget, estimated in November at $23.4 billion for 2019-2020, will be about 650 million pounds ($932 million) less than expected.

Tuesday, 29 March 2016

The European Union should boost its investment in Africa to prevent further escalation of the refugee crisis, French Prime Minister Manuel Valls said Wednesday. "We are undergoing a crisis, it is true, we need to form a partnership at a very high level between Europe and Africa, which is a continent with a big future, and if we want to avert the worsening of the refugee crisis, Europe has to invest more then ever in Africa," he said at a joint press conference with European Commission's President Jean-Claude Juncker in Brussels.

Thursday, 24 March 2016

IFC, a member of the World Bank Group, the European Investment Bank (EIB) and Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group and leading pan-African full-service banking group, today signed a landmark risk-sharing agreement that will help fill the gap in financing for small and medium sized enterprises in some of Sub-Saharan Africa’s poorest and most fragile countries.

The Fiji Crop and Livestock Council (FCLC) had the opportunity last week to listen to registered commodity farmer members on the challenges Tropical Cyclone Winston imposed on their respective commodities.The Farmers’ National Committee Association’s planning workshop that was held in Suva turned into a needs assessment for the heads of national commodity associations and member farmers. FCLC Chairman Simon Cole said the dialogue provided a very structured and common sense approach to the economic recovery of the agricultural sector for all the commodities that FCLC represents.

Wednesday, 23 March 2016

ECDPM has collected substantial evidence that the EU had the upper hand in deciding on sector choices for allocating development funding. The Centre notes that this top-down approach to programming has important implications for development effectiveness commitments. For example, an African government official told them that  “After long talks, the EU delegation and the government reached an agreement, but it was not an equitable agreement, because the EU pulled out of transport against our will.”

Thursday, 05 November 2015

The French parliament has adopted a proposal to allocate 50% of the Financial Transaction Tax (FTT) to the country's development budget. This reverses the trend whereby the French aid budget has been continually reduced, by more than 20% since 2012, as part of a policy of budgetary consolidation. . In its original draft budget for 2016, the French government had earmarked €260 million of FTT revenue for official development assistance (ODA). MPs voted to greatly increase the formerly proposed share of FTT revenue. Friederike Röder, the director of ONE France, welcomed the increase.

Wednesday, 28 October 2015

Eritrea is improving its ties with the European Union. Christian Manahl, head of the European Union Delegation to Eritrea explained, “Concerning the relations between the European Union and Eritrea, we have had difficult times, but in the last couple of years, the relations have improved considerably," he said. "We have a solid cooperation program which is ongoing now." $229 million has been earmarked from the 11th European Development Fund over the next six years for projects relating to renewable energy, energy efficiency and economic governance. However officials note that the allocation has not been finalized and the money has not been released.

Wednesday, 21 October 2015

Launched in 2011, the Green Climate Fund (GFC) was created four years ago during the COP in Durban (South Africa), with the aim of raising $100 billion per year from developed countries to help the developing world adapt to climate change by 2020. So far only has an annual budget of $700 million. The fund's executive director, Héla Cheikhrouhou has underlined that the GCF is in dire needs of funds and emphasizes that this could give the right signals before COP21 in Paris later this year. As host country of COP21, France has been particularly forthcoming with donations.