President Nana Addo Dankwa Akufo-Addo has commended France for assisting Ghana, especially in the area of security, with the hope that the bilateral relationship between the two countries will help bring massive development into the country.
In East Africa, the Kenyan government has approved 6.7 billion ($65 million) towards the country's last mile connectivity project. The loan signed with European Investment Bank (EIB) concerns a multiple scheme electrification project, targeting universal access to electricity for the Kenyan population by 2020, the Standard reported.
For two days last week, on March 9 and 10, trade ministers from Commonwealth countries met in London to explore ways of boosting intra-Commonwealth trade and investment. It was the first time that the Commonwealth, which is not a trading bloc, but a loose organisation of 52 predominantly former British colonies, would meet to develop a trade agenda.
To boost the Kaduna State economy, the United States of America, European Union, foreign and other local investors within and outside Nigeria have expressed interest in the 2017 edition of the Kaduna Investment Summit, tagged, Kadinvest 2.0.
Britain’s departure from the EU will challenge the bloc’s role as the world leading aid donor, and could see EU aid shrink by up to 3%, according to an authoritative new study by the European Parliament. The EU is the world’s largest aid donor, and the UK in absolute terms, is the second biggest, giving some $18.7bn.
The Caribbean Export Development Agency (Caribbean Export) and the European Union (EU) have signed the 11th European Development Fund (EDF) agreement worth EUR 24 Million to support regional private sector development. At the 11th EDF launch and signing ceremony, held yesterday at the Lloyd Erskine Sandiford Centre, Barbados, Head of Delegation of the EU to Barbados, the Eastern Caribbean, the OECS, and CARICOM/CARIFORUM, Amb. Daniela Tramacere highlighted that the EU remained the largest grant aid donor in the world and have set aside a total of 364 million euros for regional development; a substantial increase to the amount of aid provided under the previous regional development fund.
The director of the Antigua & Barbuda Bureau of Standards said the twin island state has benefitted immensely from a regional programme funded by the 10th European Development Fund (EDF), which was centred on the building of the region’s capabilities in the several areas of quality infrastructure, and using these competences as a means of managing and reducing barriers to trade. The 10th EDF Technical Barriers to Trade (TBT) programme concluded yesterday after a five-year lifespan. Dianne Lalla Rodrigues said the bureau of standards was able to develop a strategic plan to guide the functions of the bureau and provide training in technical areas, mass and temperature, the acquisition of equipment and a marketing and promotion plan, which is nearing completion.
The High Representative/Vice President, Federica Mogherini, and Commissioner for International Cooperation and Development, Neven Mimica, concluded an official visit to Addis Ababa, Ethiopia. The aim of the visit was to strengthen ties and boost partnership with the African Union on common areas of cooperation. In this respect, they met with the new leader of the African Union Commission, Moussa Faki Mahamat who took up office just two days ago. Remarks following her press point with Moussa Faki Mahamat are available here. The EU announced new financial support for the Horn of Africa region as well as for the African Union Mission in Somalia (AMISOM).
President Donald Trump's proposed deep cuts to humanitarian aid go against the global development goals the United States committed to in 2015, the European Union's international development chief warned Friday. "Any withdrawal or cut in the development assistance would actually go contrary to the implementation of the Sustainable Development Goals agenda," the EU commissioner for international cooperation and development, Neven Mimica, told The Associated Press. The ambitious set of global goals take aim at eradicating poverty, reducing disease burden and ensuring clean water around the world, among other issues, by 2030. They were adopted by the international community at a United Nations summit.
This stems from an agreement with the Finance Ministry, Foreign Minister Miroslav Lajčák said on February 22, after the cabinet okayed the annual plan for bilateral development assistance for 2017. “Based on the government's approval of the document today, we may launch calls for proposals now,” the minister said, as cited by the TASR newswire. “Neither our priorities nor the countries [receiving aid] have changed. It's a total of 10 countries, or nine plus one, where our primary focus is on development assistance.” Special attention is being paid to Southern Sudan, which is grappling with specific humanitarian and social concerns. For humanitarian and development assistance to evolve into economic cooperation and a dialogue, Slovakia would need to have a diplomatic presence there.