Category: COVER

  • Boko Haram and western education: the surprising views of some Nigerians who left the insurgency group

    Boko Haram and western education: the surprising views of some Nigerians who left the insurgency group

    Co-Authors,Associate Professor Hannah Hoechner & Professor Yagana Bukar

    Universities of East Anglia and  Maiduguri respectively

    First Published,1 July,2024

    The world has come to associate the insurgency in north-east Nigeria with the slogan “western education is forbidden”. This is how “Boko Haram” – the name given to the insurgents – is commonly translated from the Hausa language into English.

    But “Boko Haram” is not what the insurgents call themselves or would like to be called. Different factions operate under different names. None of them use “Boko Haram”.

    One faction calls itself Jama’at Ahl al-Sunna li-Da’wa wa-l-Jihad or “People Committed to the Propagation of the Prophet’s Teachings and Jihad”. Another faction uses the name Wilayat Garb Ifriqiya or Islamic State West Africa Province.

    The preachings of the late insurgency leader Mohammed Yusuf (1970-2009) against western education earned his movement the nickname Boko Haram, which gained traction from 2009 onwards.

    High-profile attacks on western schools, including the abduction of 276 schoolgirls from Chibok in April 2014, fed perceptions of the insurgency as opposing western education.

    Western education was introduced in north-east Nigeria under British colonial rule, displacing the Islamic education system that produced the elite in pre-colonial times. Today, most formal sector jobs and government positions in Nigeria require western education.

    Because of the destruction, bloodshed and mass displacement that the insurgency has caused in Nigeria, we wanted to know more about the role education plays as a grievance and as a way to build peace.

    Our research aimed to explore what motivated ordinary members of the insurgency group, popularly called Boko Haram, to fight. Was opposition to western education a reason? We also wanted to know how being part of the insurgency had influenced their views on this education system.

    By speaking to the rank and file, we sought to go beyond the rhetoric of the insurgency leadership.

    Most of the respondents said that hatred of western education was not what motivated them to join the insurgency. They had other reasons. And their experiences as insurgents reinforced the value of a western education.

    We argue that these results show how important it is to make western education accessible to all who want it.

    Views on western education

    We conducted 13 in-depth interviews and five group conversations with former insurgents in Bama and Maiduguri, Borno State, in 2021 and 2024. This was part of a larger research project on education and violent conflict in north-east Nigeria.

    Our conversations focused on former members’ reasons for joining, their experiences of education inside the insurgency, and their perspectives on education after leaving. The majority of respondents were Kanuri men in their twenties and thirties with mostly Qur’anic education.

    Some acknowledged that Yusuf’s preaching had resonated with them at the time of their recruitment. But they didn’t join out of hatred of western education.

    Instead, they discussed other reasons for joining:

    • material incentives
    • perceptions of the insurgents as doing “God’s work” (aikin Allah)
    • the pull of family members and peers
    • fear of retaliation.

    Most of our respondents did not object to western education. To the contrary, they considered it desirable. Many had enrolled themselves or their children in western schools.

    Not everyone agreed to everything happening within western schools. Some respondents expressed reservations against co-education and some curriculum contents, especially in biology and geography, such as evolution, the rain cycle, and earth’s rotation around the sun.

    Overall, the views were positive. The respondents considered western education important to find employment, to handle everyday life situations and to achieve societal progress, for example regarding healthcare.

    To understand why former members view western education in such a positive light, it is helpful to take a closer look at their experiences inside the insurgency.

    Ideology vs tactical needs

    Despite what leaders of Boko Haram said about ideology, our research respondents found that they valued western knowledge for the tactical advantages it offered.

    It was the western-educated who operated the laptops, repaired the phones and the cars, shot and shared the video footage, dispensed the medicines and treated the wounded.

    The members we spoke to said they saw what a difference western education made. Those with only limited Qur’anic education or no education at all occupied lower ranks within the insurgency. They were more likely to be sent into combat, at great risk of being wounded or killed.

    Respondents concluded that the insurgency leaders’ proclaimed views on western education could not be trusted.

    What they could trust was what they saw with their own eyes. For instance, some western-educated defectors got recruited to work for the NGOs responding to the humanitarian crisis in north-east Nigeria.

    Some of their western-educated peers who had not joined the insurgency had found decently paid employment with the police or army, or as teachers.

    Most argued that being well educated could protect people against indoctrination and manipulation. This included having western education. One respondent said:

    They came and misled us [in the area of] Islamic [studies]; maybe next time they will use western education to mislead us. If I have knowledge, no one can do that.

    They were not blind to the shortcomings of the western education system as it currently operates in north-east Nigeria, though. They were aware of how difficult it can be to get education and work without financial backing or the right connections.

    As one respondent put it:

    You cannot seek for knowledge without a penny in your hands.

    What next?

    On the basis of our findings, we recommend that policy makers:

    • ensure western education is genuinely free and accessible – including exams, uniforms and books
    • make sure that skills can be translated into meaningful job opportunities
    • facilitate exchange between people of different educational backgrounds.

    SOURCE

    THE CONVERSATION

  • Local Content in Oil & Gas: A Catalyst for Shared Growth in Namibia

    Local Content in Oil & Gas: A Catalyst for Shared Growth in Namibia

    JOHANNESBURG, South Africa, July 2, 2024/ — In the oil and gas industry, local content refers to the development of local industries, workforce and resources to support the operations of international oil companies (IOC) within a country. For Namibia, fostering ‘Namibian Content’ can significantly enhance economic growth, social development and technological advancement.

    Leveraging Local Content to Drive Economic Growth

    Local content policies can be a catalyst for economic growth by ensuring that a significant portion of the industry’s value chain is retained within the country. By promoting the use of local goods, services and labor, these policies can create a myriad of job opportunities for Namibians. This not only fosters employment but also stimulates the development of ancillary industries, such as manufacturing, logistics and services, which support the oil and gas sector.

    Local content also contributes to the diversification of Namibia’s economy. By developing industries related to the oil and gas sector, the country can reduce its reliance on oil revenues and build a more resilient economy.

    Additionally, local content promotes the development of skills and the transfer of knowledge to the local workforce. By involving Namibians in various aspects of the oil and gas industry, from exploration to production, they gain valuable expertise and experience.

    Such policies also promote increased local participation and ownership in the oil and gas industry, while driving various social development through mandated investments in community infrastructure, education, healthcare and other social programs, thereby improving the quality of life for Namibians. Meanwhile, local content policies can also spur technological advancement and innovation.
    When local firms are part of the industry’s supply chain, they are often required to meet international standards, which drives them to improve their technologies and processes. This can lead to a broader technological base in Namibia, benefiting other sectors of the economy as well.

    Successfully Implementing Local Content

    Successfully implementing local content policies requires various proactive measures. These include capacity building and investing in developing a skilled local workforce and capable local companies; streamlining regulatory processes to enhance compliance and boost investor confidence; and addressing bureaucratic challenges to ensure smoother operations for both international and local companies.

    Additionally, providing financial incentives and investment opportunities that empower local firms; adapting to market dynamics to encourage local companies to embrace the global nature of the oil and gas industry; and ensuring high quality and standards across the market.
    Continuous improvement and training programs can also help local products and services achieve the high standards required, boosting their reputation and competitiveness on the global stage. By concentrating on these key areas, local content policies can be successfully implemented, leading to sustainable growth, innovation and a thriving local industry.

    Lessons Learnt from Global Partners

    Lessons learnt from resource-rich nations across the world can strengthen Namibia’s local content implementation. Norway, for example, provides a prime example of how local content can lead to substantial skills development. The country’s local content regulations required IOCs to partner with Norwegian firms and train local employees.

    As a result, Norway developed a highly skilled workforce and a robust oil services industry, which now competes globally. The country has consistently maintained a high employment rate within the oil and gas sector, with approximately 250,000 jobs supported by the industry.

    In Angola, local content regulations have contributed to social development through initiatives like the Angolanization policy, which prioritizes hiring and training local citizens. The oil companies operating in Angola are required to invest in community projects, leading to improved healthcare facilities, schools and infrastructure in oil- producing regions.

    For example, investments in the health sector have led to the construction of over 100 health centers in the country. In Brazil, the implementation of local content requirements led to the growth of the domestic shipbuilding industry, creating over 30,000 jobs and reducing the country’s dependency on foreign vessels.
    Similarly, in Ghana, local content policies in the oil sector have resulted in increased employment, with over 7,000 direct jobs created since the inception of the policies, and the establishment of new businesses to service the industry.

    Additionally, Nigeria’s local content law has significantly increased local participation in the oil and gas industry. The Nigerian Content Development and Monitoring Board (NCDMB) has overseen the growth of indigenous oil companies and service providers, ensuring that a significant portion of the industry’s value is retained within Nigeria. The NCDMB’s efforts have resulted in an increase in local participation from 5% to over 30% in the past decade.

    Meanwhile, Malaysia’s approach to local content has facilitated economic diversification. The country’s Petronas-led initiatives ensured that local companies were integrated into the oil and gas supply chain, leading to the growth of Malaysia’s engineering and construction sectors. Today, these sectors contribute significantly to the national economy, with the oil and gas industry supporting over 200,000 jobs.

    Qatar has also implemented local content policies to ensure that its citizens benefit from the country’s substantial oil and gas wealth. The country’s Qatarization policy aims to increase the number of Qatari nationals employed in the energy sector to 50%.

    The United Arab Emirates (UAE) has also seen success with its local content initiatives. The In-Country Value (ICV) program, launched by Abu Dhabi National Oil Company, aims to support local businesses and create jobs for UAE nationals. The ICV program has driven over $20 billion back into the UAE economy and created thousands of jobs for Emiratis.

    As such, the benefits of local content in Namibia’s oil and gas sector are manifold. By focusing on economic growth, skills development, economic diversification, increased local participation, social development and technological advancement, Namibia can ensure that its oil and gas resources are a blessing for its population of three million.

    Distributed by APO Group on behalf of African Energy Chamber.

    SOURCE
    African Energy Chamber

  • UAE Society of Engineers Calls for Nominations in 3rd Excellence and Creative Engineering Award

    UAE Society of Engineers Calls for Nominations in 3rd Excellence and Creative Engineering Award

    Dubai, UAE, 1 July 2024: The UAE Society of Engineers has announced the opening of nominations for participants in the third session of the Excellence and Creative Engineering Award 2024. The aim is to motivate engineers within the country to excel, create, and innovate by providing advanced engineering solutions.

    This initiative aims to foster a spirit of competition and leadership while promoting excellence in various fields of engineering, contributing to the prominence and prosperity of engineering work in the United Arab Emirates.

    In the previous session held in 2023, the award received 378 applications, from which 29 winners were honored across different categories. These categories include legal entities represented by engineering offices, institutions, companies, and departments, as well as individual awards targeting creative individuals.

    This reflects the commitment of the organizing team to achieve the award’s overarching goals in line with the association’s strategies and aspirations.

    Eng. Abdulla Yousef Al Ali, President of the UAE Society of Engineers, emphasized the Excellence and Creative Engineering Award’s leading position within engineering circles in the country. He highlighted its crucial role in showcasing the best innovative and successful engineering practices and models, aimed at benefiting and applying them to develop and grow engineering projects across various fields.

    Al Ali stated, “Today, we announce the opening of registration and participation for the third year of the Excellence and Creative Engineering Award. Applications will be accepted until mid-November via the award’s website www.ecea.ae . Our goal is to inspire engineers to innovate and provide sustainable solutions and practices.

    This initiative aims to encourage institutions, companies, and individuals to adopt an active, competitive, and inspiring environment to explore new horizons and achieve leadership, excellence, and unprecedented accomplishments in engineering fields, thereby contributing to a better and sustainable future for all.”

    Eng. Abdulla Yousef Al Ali, President of the UAE Society of Engineers, added, “The UAE places great emphasis on enhancing the professional and cognitive levels of engineers. This is achieved through continuous support for scientific research centers, universities, and specialized associations, as well as through initiatives like the Excellence and Creative Engineering Award. These efforts provide developmental opportunities for qualified youth in the engineering sector.”

     Award categories

    The award comprises two main categories: Legal Personality and Individual, encompassing a total of 13 subcategories. Under Legal Personality, awards include the Pioneering Engineering Project, Best Engineering Consultancy Company, Best Engineering Services Company, Best Construction Company, Best Industrial Company, Best Startup Engineering Company, and Best Scientific Research in the Engineering Field.

    The Pioneering Engineering Project category is further divided into three subcategories: Best Mega Project, Best Medium Project, and Best Small Project.

    In the Individuals category, awards include Leading Personnel, Outstanding Engineer, Outstanding Student, and Rising Engineer.

    The award targets government and private entities in the field, including consultants, engineering service providers, industrial companies, emerging engineering firms, contractors, students, faculty members in educational institutions, research centers, project owners, and project management companies.

    Participating firms are evaluated by a specialized committee of Emirati engineering experts according to international standards of excellence and innovation in the engineering sector. The process ensures complete transparency and high accuracy from nomination and evaluation through to announcing the results.

    The Engineering Excellence and Creativity Award was launched in March 2022, under the directives of the late Sheikh Hamdan bin Rashid Al Maktoum, may God rest his soul, marking the first of its kind in the UAE.

    It aims to foster a culture of creativity and elevate the pace of innovative competition in engineering designs and projects, aligned with the country’s strategies and national projects striving for leadership, quality, and excellence across various sectors.

    Since its establishment in 1979, the UAE Society of Engineers, organizer of the Award, has seen over 70,000 engineers join its membership.

    Over this period, it has achieved significant milestones in accrediting engineering certifications, regulating professional practices and standards, and enhancing skills and qualifications for all UAE engineers through its Accreditations Committee.

    Distributed by Strategic Exhibitions & Conferences on behalf of UAE Society of Engineers 

    SOURCE: UAE SOCIETY OF ENGINEERS

     

  • Inspiring Young Minds: Canon and Greenwood House School Introduce Canon Academy Juniors Programme to Spark Interest in Photography

    Inspiring Young Minds: Canon and Greenwood House School Introduce Canon Academy Juniors Programme to Spark Interest in Photography

    DUBAI, United Arab Emirates, July 1, 2024/ — The Canon Academy Juniors programme (www.Canon-CNA.com) believes in teaching our youth to empower them and give them confidence by fostering a new hobby and developing their creative skills; The programme, offers two classes tailored to different age groups (8-12 and 13-16) which provide kids and teens with hands-on photography skills.

    Canon Central and North Africa (CCNA) is thrilled to announce a partnership with Greenwood House School in Lagos, Nigeria, through it’s Canon Academy Juniors Programme. This collaborative initiative aims to inspire and empower young learners by igniting their passion for photography through engaging and interactive sessions led by certified Canon trainers.

    Rashad Ghani, B2C Business Unit Director at Canon Central and North Africa shared his excitement regarding the collaboration, remarking, “Our partnership with Greenwood House School through the Canon Academy Juniors Programmes is a testament to our commitment to nurturing creativity and talent. These workshops provide a wonderful opportunity for youngsters to discover a new hobby, develop their creative skills, and forge a lifelong love for photography.

    “This collaboration aligns seamlessly with both organisations’ missions to provide quality education to individuals and develop creative skills. We are confident that these workshops will equip participants with the necessary skills and knowledge to unlock their creative potential to further explore the photography field.”

    What makes this collaboration truly unique is the direct hosting of two photography workshops on the premises of Greenwood House School. This approach facilitates seamless integration of the programme into the school environment, promoting a collaborative learning experience.

    Rashad adds further, “Education plays a vital role in fulfilling Canon’s values of creating a strong, knowledgeable, and inspired community where there is a shared passion for photography, videography, and printing. Our approach to education on the African continent aligns with Canon’s corporate philosophy, Kyosei, which is a Japanese concept meaning, living and working together for the common good.

    “Through our educational programmes we bring to life our commitment to sustainability, how we work together, and our desire to create an environment for everyone to thrive and grow.”

    The workshops were specifically tailored for two distinct age groups: 8-12 years old and 13-16 years old, ensuring that the content is age-appropriate and fitting for all participants. Each cycle of the programme consisted of four sessions which spanned from May 4th to May 25th and from June 1st to June 22nd.

    The young participants engaged in practical training sessions and learnt important skills such as how the camera works, and basic camera modes, while gaining confidence to take photos. They also learnt about framing, landscape, portraits, visual storytelling, and much more.

    It was an excellent opportunity for the participants to explore a new creative hobby and gain valuable skills that could help them in the future.

    The culmination of the workshops will be celebrated through a captivating photo exhibition at the school, where the best works of the participating students will be showcased, highlighting their creativity and achievements.

    Mr. R. Cilliers, Principal, Greenwood House School: “We are ecstatic to join hands with Canon in introducing the Canon Academy Juniors Programme at the school. This partnership promises an exhilarating journey for our learners, offering them an enriching experience in the world of photography.

    We are eager to witness the transformative impact that this experience will have on their confidence, creativity, and passion for photography.”

    Greenwood House School, situated in Parkview Estate, Ikoyi, Lagos, is recognized for its commitment to excellence in primary education. Catering to children aged 3 months to 10 years old, it offers classes from Creche to Primary, embracing diversity of cultural and religious backgrounds. Its dedication to quality education has garnered respect within Nigeria’s educational landscape.

    Click here to learn more about Canon Academy Juniors: https://apo-opa.co/3L66Bpz

    Distributed by APO Group on behalf of Canon Central and North Africa (CCNA).

    Media enquiries, please contact
    Canon Central and North Africa
    Mai Youssef
    e. Mai.youssef@canon-me.com

  • Strait of Malacca becomes oil market’s largest transport artery

    Strait of Malacca becomes oil market’s largest transport artery

    The transit of oil and petroleum products through the Strait of Malacca, which is located between the Malay Peninsula and the Indonesian island of Sumatra and connects the Indian and Pacific oceans, rose by 800,000 barrels per day (bpd) in 2023, reaching 23.7 million bpd.

    According to the U.S. Energy Information Administration (EIA), the Strait of Malacca has surpassed the Strait of Hormuz in terms of transit volume of raw materials, as the amount of oil and petroleum products transported via the Strait of Hormuz last year totalled 20.9 million bpd

    The other 40% comes from four groups of suppliers: Russian producers who transport oil and petroleum products to the east (exports from ports in the European part of the Russian Federation) and to the west (supplies from Sakhalin); the United States, which increased its total exports of oil and petroleum products by almost 20% (from 8.6 million bpd to 10.2 million bpd) in 2021–2023; African countries, which have been reducing their transit volumes through the Strait of Malacca in recent years due to lower production in Angola and Nigeria; and Malaysia and Indonesia, regional oil producers (with a total output of 1.2 million bpd in 2023), which use the Strait of Malacca not only for exports, but also for domestic shipping.

    The transit of oil and petroleum products through the Strait of Hormuz dropped by 200,000 bpd (to 20.9 million bpd) in 2023. In addition to the OPEC+ deal, under which Saudi Arabia reduced its oil and gas condensate production by 800,000 bpd (to 11.4 million bpd) in 2023, this was caused by the use of transportation infrastructure bypassing the Strait of Hormuz.

    For instance, the UAE has an oil pipeline with a capacity of 1.5 million bpd, through which oil is transported to the port of Fujairah, a major regional hub for oil and petroleum products located on the coast of the Gulf of Oman. Meanwhile, Saudi Arabia uses the East-West oil pipeline designed to transport oil to the coast of the Red Sea.

    There wasn’t enough time for the Red Sea conflict to seriously affect transit volumes last year: the volume of oil and petroleum transportation through the Bab el-Mandeb Strait adjacent to the Red Sea has gone from 5.4 million bpd in 2021 to 7.5 million bpd in 2022 to 8.6 million bpd in 2023.

    As a result, the year 2023 saw the Red Sea become the third-largest transport artery in the oil market, ahead of the Cape of Good Hope (6.0 million bpd), the Danish Straits (4.9 million bpd), the Panama Canal (2.1 million bpd) and Turkey’s Dardanelles (3.4 million bpd).

    However, this list is going to change in 2024 due to the aforementioned conflict in the Red Sea. For instance, according to the IMF and Oxford University, the number of tankers with oil, petroleum products and liquefied natural gas (LNG) using the transit route across the Red Sea has fallen by nearly 60%, from 835 in April 2023 to a mere 342 in April 2024.

    SOURCE

    THE GLOBAL ENERGY ASSOCIATION 

    PHOTO: GEA/ICS-SHIPPING

  • Webb Fontaine Unveils Sourcemind Academy in Guinea

    Webb Fontaine Unveils Sourcemind Academy in Guinea

    CONAKRY, Guinea, June 28, 2024/ — Webb Fontaine (www.WebbFontaine.com), a leading provider of solutions for trade facilitation, is pleased to announce the launch of Sourcemind Academy in Guinea.

    This innovative educational venture, backed by Webb Fontaine, is set to transform the tech education landscape by offering high-level training, cutting-edge pedagogical design and experienced professional trainers to future software engineers and technology enthusiasts.

    The launch of Sourcemind Academy in Guinea marks a significant milestone in Webb Fontaine’s ongoing commitment to corporate social responsibility, and to promoting educational development in emerging markets.

    This project comes against the backdrop of the end of Webb Fontaine’s concession with the Guinean state, requiring a crucial transfer of skills and technologies to ensure the continuity and development of the Single Window of Foreign Trade of Guinea, launched in September 2019.

    Ara Shamirzayan, CTO of Webb Fontaine Group said, “We are thrilled to bring Sourcemind Academy to Guinea.

    “We believe in nurturing the next generation of software engineers by providing them with access to quality education and training. We also believe that education is the key to unlocking potential and driving economic growth and development, and we are committed to making this a reality in Guinea.”

    Mamoudou DIANÉ, Managing Director of Webb Fontaine Guinea, added, “We are extremely proud to collaborate with Sourcemind Academy to train the next generation of software engineers in Guinea.

    “This initiative is crucial for ensuring the continuity and efficiency of The Single Window of Foreign Trade of Guinea after the end of our concession. By investing in the development of local skills, we are not only contributing to the modernization of foreign trade in Guinea but also creating economic opportunities for the young talents in our country.”

    Sourcemind Academy has made significant strides in promoting tech talent through five successful pathway programs across Armenia and Benin. Building on this success, the academy is expanding its reach to Guinea, aiming to empower local students, young graduates with the expertise and capabilities necessary for a thriving career in the technology sector.

    Building on this success, the academy is expanding its scope to Guinea, aiming to equip local students and professionals with the skills and capabilities needed for a thriving career in the technology sector.

    To date, the Sourcemind Academy’s impact includes 1,082 applicants, 108 students, 58 alumni and 11 people hired by Webb Fontaine.

    The academy’s curriculum is designed to cover a wide range of topics, including software development, data structures and algorithms, front-end development and more. By equipping students with these in-demand skills, the academy aims to contribute to the growth of the local tech ecosystem and create job opportunities for the youth in Guinea.

    During the first four months of the pathway program, students will learn the foundations of software engineering and gain practical experience through a hands-on and highly interactive instructive-led curriculum.

    Upon completion of the foundation stage, participants can broaden their knowledge by specializing in java back-end engineering.  Students will also be exposed to agile software development and essential soft skills, both of which are crucial for success in the IT industry.

    This pathway program is accessible to anyone curious about how things work. Ideal students include university graduates who wish to follow a career in the IT industry, open-minded enthusiasts with the determination to succeed, and those looking to make a career change to software engineering.

    About Webb Fontaine Guinea

    Webb Fontaine Guinea is a company dedicated to facilitating trade transactions and simplifying import and export procedures for declarants and economic operators playing a central role in the economic development of the Republic of Guinea, thanks to our cutting-edge technologies and innovative solutions.

    The Single Window of Foreign Trade of Guinea

    Launched in September 2019, The Single Window of Foreign Trade of Guinea is an integrated platform set up by the Guinean state for a 5-year concession granted to the Webb Fontaine Group.

    This platform enables all players involved in foreign trade in Guinea to carry out their transactions anywhere in the world, offering a single gateway to international trade. GUCEG is an interactive portal designed to facilitate import and export operations in the Republic of Guinea.

    Electronic tracking of goods in transit

    Last July, Webb Fontaine signed a contract with the Guinean Customs to implement an electronic tracking system for goods in transit. This new project demonstrates our ongoing commitment to improving the transparency and efficiency of customs operations in Guinea.

    The electronic tracking system enables goods in transit to be monitored in real time, reducing the risk of fraud and ensuring more secure and efficient management of trade flows.

    What we do (Our Services)

    Facilitate, simplify and dematerialize import and export operations:

    The GUCEG platform covers a wide range of services, from pre-clearance to customs clearance, and soon logistics for port, airport, air and rail traffic.

    Public access services:

    – Access to legal texts and regulations relating to import and export transactions.

    – Customs duties and taxes simulator.

    – List of manifests and other services for complete visibility of the import and export process.

    Private access services :

    – Import and export declaration of intent management.

    – On-line payment of DDI/DDE and customs duties and taxes.

    – Pharmaceutical license management.

    Electronic tracking of goods in transit:

    The new electronic goods tracking system enables you to:

    – Track goods in transit in real time.

    – Reduce the risk of fraud and tax evasion.

    – Guarantee more secure and transparent management of trade flows.

    At Webb Fontaine Guinea, we are committed to modernizing and optimizing foreign trade in the Republic of Guinea, leveraging our expertise and advanced technologies to deliver reliable and efficient solutions to our users.

    Our mission is to facilitate trade and support the country’s economic development through continuous innovation and high-quality services.

    Distributed by APO Group on behalf of Webb Fontaine

  • BRICS countries back grain exchange idea, Russia says

    BRICS countries back grain exchange idea, Russia says

    The BRICS group of countries have supported an initiative to set up a grain exchange, Russian Minister of Agriculture Oksana Lut said on Friday.

    The exchange would allow buyers to purchase directly from producers and has been backed by Russian President Vladimir Putin ahead of a BRICS summit to be held in Russia in October.

    “We will work together with our colleagues on creation and development of this platform and the development of the possibility of settlements in national currencies of the BRICS countries,” Lut said after a meeting of BRICS agriculture ministers held in Moscow.

    BRICS nations’ food exports

    The BRICS grouping, which includes Brazil, Russia, India, China and South Africa and new members – Egypt, UAE, Ethiopia and Iran, accounts for more than 30 per cent of global agricultural land, according to Russian export centre Agroexport.

    It also accounts for more than 40 per cent of global cereal and meat production, nearly 40 per cent of dairy products and more than 50 per cent of total fish and seafood production.

    “Last year, the association accounted for more than a third of Russia’s exports of agro-industrial products – that’s $15bn,” Lut said regarding BRICS countries.

    SOURCE

    GULF BUSINESS 

  • African Development Bank expands urban support program to six new cities

    African Development Bank expands urban support program to six new cities

    TUNIS, Tunisia, June 26, 2024/ — The African Development Bank’s (www.AfDB.org) Urban and Municipal Development Fund (UMDF) (https://apo-opa.co/4exYmAh) has expanded its African Cities Program to cover six new cities across the continent. The expansion, approved by the Fund’s 13th Oversight Committee, will help bolster urban development and address critical challenges faced by rapidly growing African cities.

    The newly included cities are:

    • Kolwezi, the Democratic Republic of Congo: mining town grappling with rapid urban growth and environmental issues.
    • Grand Nokoué, Benin: an economic hub with over two million inhabitants.
    • Buffalo City, South Africa: a coastal city prioritizing climate resilience.
    • Joal, Senegal: A medium-sized city focusing on integrating environmental and social issues into economic development.
    • Juba, South Sudan: Prioritizing essential services for a growing, vulnerable population;
    • Nouakchott, Mauritania: Planning to combine projects on climate resilience, urban mobility, and sustainable energy.

    The Bank launched the UMDF in 2019 in response to growing demand from countries and cities for urban development support. It receives contributions from the Nordic Development Fund and the governments of Denmark, Spain, and Switzerland, as well as the Walloon Export and Foreign Investment Agency.

    The Fund provides financial and technical assistance to national and local governments for improving governance, planning, and to prepare investments in sustainable urban development for more climate resilient, resilient, liveable and productive cities, underpinning national socio-economic development and poverty reduction.

    UMDF will provide funding for each of the six cities over several months, including a detailed analysis of the strengths and vulnerabilities, especially regarding economic, social, climate, and gender issues. The goal is to identify transformative infrastructure projects that can attract public and private sector investments.

    The committee also reviewed the Fund’s progress and approved its 2024 work program, allocating over $4.7 million to identify and develop urban infrastructure projects and bring them to maturity.

    Mike Salawou, Director of the African Development Bank’s Infrastructure and Urban Development Department, committed to strengthening the Fund’s operational effectiveness and capacity to mobilize more funding and partnerships for greater impact.

    “The question of urban development is at the heart of the Bank’s new ten-year strategy for 2024-2033, of which the Urban and Municipal Development Fund is a strategic implementation mechanism,” he emphasized. The Bank ten-year strategy 2024-2025 (https://apo-opa.co/3L73NIF) includes data and research from publications (https://apo-opa.co/3XEbJbS) financed by the Fund and its partners.

    It is hoped that the Fund will act as a catalyst in boosting access of African municipalities to public and private finance, a priority defined by the President of the African Development Bank Group, Akinwumi Adesina, at the Africa Investment Forum (www.AfricaInvestmentForum.com) 2023 Market Days in Morocco.

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    Media contact:
    Communication and External Relations Department
    media@afdb.org

  • Afreximbank signs two deals totaling US$80 million for Zimbabwe’s CBZ Bank

    Afreximbank signs two deals totaling US$80 million for Zimbabwe’s CBZ Bank

    NASSAU, The Bahamas, June 25, 2024/ — In two deals signed at the recently concluded Afreximbank Annual Meetings, African Export-Import Bank (Afreximbank) (www.Afreximbank.com) is providing a US$60 million line of credit and a US$20 million Afreximbank Trade Facilitation Programme (AFTRAF) facility to CBZ Bank Limited, Zimbabwe’s largest bank.

    The line of credit facility will strengthen financial intermediaries’ capacity to support SMEs through financing product and capacity building, indirectly support export-oriented Zimbabwean businesses and enable them to generate much-needed foreign exchange, thus easing the pressure on foreign currency in the country.

    The AFTRAF facility will enable CBZ Bank to issue letters of credit confirmed by Afreximbank at a time when such instruments are not readily available due to a shortage of confirming banks.

    Highlighting the impact of the deals for Zimbabwe, Haytham El Maayergi, Executive Vice President, Global Trade Bank, Afreximbank, said: “The US$60 million Line of Credit facility will be used by CBZ Bank to provide financing to local corporates and small and medium-sized enterprises (SMEs) – helping to bridge the financing gap facing them at a time when most international banks are limiting their exposure to Zimbabwean banks.

    “The US$20 million facility, which is under the Afreximbank Trade Facilitation Programme, provides a wide variety of products where the Afreximbank takes on the direct risk of CBZ, as the issuing bank.

    The programme will increase intra- and extra-African trade for Zimbabwe, through the importation of critical goods, such as fuel, pharmaceuticals and fertiliser, and support exports and imports of vital goods and services to Africa. It will also enable CBZ to increase its trade activities and to expand its correspondent banking relationships.”

    CBZ Group’s strategic plan is to deploy affordable mobile banking solutions and increase its product offerings, create opportunities for direct and indirect employment by financing the importation of raw materials for key industries, and drive financial inclusion in Zimbabwe.

    Sub-borrowers who are SMEs benefitting from the credit line will also be eligible for non-financial support as provided under the capacity-building pillar of the bank’s Export SME Development Programme.

    At the deal signing ceremony, Mrs. Smangele Mandidi, Acting Managing Director of CBZ Bank, said: “As a Bank, our core focus remains on sourcing much needed lines of credit to support the productive sectors of our economy and this will also go a long way in easing the liquidity challenges.

    We have received USD80 million funding from Afreximbank which will be extended to support export growth through trade finance as well as capital expenditure financing.”

    The facility is in accordance with Afreximbank’s mandate of supporting exports of value-added commodities and manufactures of a Member State. Through the facility, there is also strategic fit as the structured nature of the facility supports Afreximbank’s trade finance leadership — one the Bank’s strategic pillars.

    The facility is consistent with the Bank’s strategy of financing exports which in turn contributes to the foreign exchange earning capacity of a country and increases productivity.

    Hosted by the government of the Bahamas, AAM2024, which was combined with the third AfriCaribbean Trade and Investment Forum (ACTIF2024), was held from 12 June to 15 June.

    Distributed by APO Group on behalf of Afreximbank.

    Media Contact:
    Vincent Musumba
    Manager, Communications and Events (Media Relations)
    Email: press@afreximbank.com

  • Africa Finance Corporation (AFC) invests in Africa’s largest copper complex, driving mineral beneficiation on the continent

    Africa Finance Corporation (AFC) invests in Africa’s largest copper complex, driving mineral beneficiation on the continent

    KINSHASA, Democratic Republic of the Congo, June 26, 2024/ — Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, is pleased to announce the closing of a US$150 million senior loan with Kamoa Copper to support the expansion of the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo.

    The loan by AFC, who acted both as lender and arranger, aligns with the Corporation’s commitment to support the local beneficiation of Africa’s abundant mineral resources to unlock the continent’s economic prosperity.

    Kamoa-Kakula is a world-class, high-grade, low carbon-intensive, underground copper deposit situated on the western edge of the prolific Central African Copperbelt. It started production in July 2021 and is currently undergoing its third phase of expansion which consists of a 33% increase in copper production capacity, to over 600,000 tonnes per annum (tpa), and the construction of Africa’s largest copper smelter with a capacity of 500,000 tpa of 99% pure copper anodes.

    The expansion also includes restarting 178 megawatts (MW) of renewable hydroelectric generation capacity by refurbishing turbine #5 at the Inga II dam. Phase 3 is expected to be completed by the end of 2024, making Kamoa-Kakula Africa’s largest copper producer, as well as the third largest globally.

    Kamoa-Kakula is operated as a joint venture between Ivanhoe Mines, Zijin Mining and the Government of the Democratic Republic of Congo. The operation has consistently demonstrated exceptional operational performance and delivered expansions on-budget and ahead of schedule.

    In addition, its sustainable approach makes it a standout example of responsible mining on the African continent. 91% of its full-time employees are Congolese and over $600 million has been paid in taxes and royalties to the DRC since the start of operations.

    In 2023, Kamoa-Kakula was directly responsible for 4% of the country’s gross domestic product (GDP) and it is also one of the world’s lowest greenhouse gas emitters per tonne of copper produced, according to independent consultants Skarn Associates of London, England, and WSP Group of Montreal, Canada.

    “This is a key milestone in our mission to develop infrastructure ecosystems that help integrate economies and drive economic transformation in Africa,” said Samaila Zubairu, President and CEO of AFC. “Copper is one of the critical minerals for the global energy transition and this mine expansion will not only solidify Africa’s position in the global copper market but contribute to the continent’s path to net zero while creating employment opportunities and generating significant revenue for the DRC.”

    AFC’s involvement in the Kamoa-Kakula project highlights the Corporation’s critical role in catalysing infrastructure development that drives industrialisation and enhances the continent’s global competitiveness.

    In late 2023, Kamoa-Kakula became the first industrial user of the Lobito Atlantic Railway Corridor, a rail line that stretches from the DRC Copperbelt to the Atlantic port of Lobito, in Angola.

    AFC acted as financial adviser to the Trafigura, Mota-Engil and Vecturis consortium, which was granted a 30-year concession for railway services and logistics. The use of the Lobito Atlantic Railway Corridor is expected to significantly reduce the logistics costs and carbon emissions intensity of exporting mineral products from the DRC’s Copperbelt.

    Distributed by APO Group on behalf of Africa Finance Corporation (AFC).

    Media Enquiries:
    Yewande Thorpe
    Communications
    Africa Finance Corporation
    Mobile : +234 1 279 9654
    Email : yewande.thorpe@africafc.org