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  • Koa Academy Wins Meltwater Entrepreneurial School of Technology (MEST) Africa Challenge 2023, Securing $50,000 Investment

    Koa Academy Wins Meltwater Entrepreneurial School of Technology (MEST) Africa Challenge 2023, Securing $50,000 Investment

    ACCRA, Ghana, March 25, 2024/ — MEST Africa (www.Meltwater.org), a leading Pan-African tech entrepreneurship training program, seed fund, and incubator, proudly announces Koa Academy (www.KoaAcademy.com) as the grand prize winner of the 2023 MEST Africa Challenge (MAC), securing a $50,000 equity investment after a competitive pitch battle among Africa’s brightest tech innovators.

    In a thrilling showcase of ingenuity and entrepreneurial spirit, Koa Academy from South Africa stood out at the MEST Africa Challenge finale in Accra, Ghana, surpassing contenders from across the continent. This coveted startup competition, known for identifying and nurturing tech talent, saw Koa Academy clinch the top spot with its groundbreaking solution, poised to transform the Edtech industry.

    The competition drew applications from hundreds of early-stage tech startups, rigorously assessed on criteria such as innovation, scalability, and team strength. Finalists from Ghana, Nigeria, Senegal, South Africa and Kenya competed in the grand finale, demonstrating their unique solutions and business models to a panel of esteemed judges, including investors and industry experts.

    Koa Academy, Winner of the 2023 MEST Africa Challenge and a South African innovator in online education, offers dynamic and interactive courses for grades 4-12. With a focus on engagement and accessibility, it champions digital learning, making quality education available to anyone, anywhere, and transforming the educational landscape in South Africa.

    The startup impressed the judges at the MAC Finale showcasing significant market potential, revenue growth, and social impact. “Winning the MEST Africa Challenge has been an amazing experience for the Koa Academy team. It highlights the hard work and dedication that everyone has put into growing Koa.

    This recognition is not just an award; it’s a testament to the passion and perseverance that drives us every day. Amidst the challenges, this journey has brought us closer to others across the continent, forging relationships and connections that fuel our mission even further.

    We are reminded that we’re not alone in this endeavor and are incredibly grateful for the support and learning opportunities this challenge has presented,” said Lauren Anderson, Co-founder and CEO, Koa Academy, expressing gratitude and optimism for the future of tech startups in Africa.

    Ashwin Ravichandran, Portfolio Advisor at MEST Africa congratulated the winner and finalists for their exceptional achievements and resilience. The event also highlighted the support of Absa Bank Ghana for contributing to the challenge’s success.

    The MEST Africa Challenge continues to be a pivotal platform for emerging tech startups in Africa, offering funding, visibility, and support to innovate and scale. Koa Academy’s victory underscores the vibrant potential within Africa’s tech ecosystem, promising a brighter future for the continent’s digital landscape.

    For more information and updates on the MEST Africa Challenge, visit https://apo-opa.co/4a7ZUhN.

    Distributed by APO Group on behalf of The Meltwater Entrepreneurial School of Technology (MEST Africa).

    For more information or media inquiries, contact:
    Ophesmur Naa Adjeley Adjei
    Communications and Community Manager, MEST Africa
    ophesmur@meltwater.org

  • President Ramkalawan announces the appointment of women professionals in key positions

    President Ramkalawan announces the appointment of women professionals in key positions

    To coincide with the International Women’s Day, the President of the Republic, Mr Wavel Ramkalawan has recently appointed four women professionals in prominent positions in the administration of the country.

    These are:

    The re-appointment of the Governor of the Central Bank of Seychelles, Ms Caroline Abel, the new Principal Secretary for Finance, Ms Astride Tamatave, the new Commissioner General of the Seychelles Revenue Commission (SRC) Mrs Varsha Singh, and also the appointment of the Chief Executive Officer of the National Bureau of Statistics, Mrs Li Fa Cheung Kai Suet.

    Governor of the Centrel Bank, Ms Caroline Abel – Ms. Caroline Abel was first appointed Governor of the Central Bank of Seychelles (CBS) on 14th March 2012, becoming the first woman in Seychelles to hold the position. She was re-appointed to serve a second six-year term in March 2018.

    Principal Secretary for Finance, Ms Astride Tamatave – Ms Tamatave is a certified Chartered Accountant with ACCA Professional Qualification (equivalent to MSC). She also holds a Master’s Degree in Leadership & Strategy in the Social Domain from the Institute of Public Administration.

    She has 16 years of working experience in the private sector and the public service in the domain of accounting and finance. She previously held the position of Comptroller General.

    Commissioner General of the Seychelles Revenue Commission (SRC) Mrs Varsha Singh – Mrs Singh, a South African national, has over 28 years experience in tax, customs, transfer pricing, trade facilitation, international relations, and building organisational excellence and driving sustainable development.

    She holds a Masters Degree in International Customs Law and Administration from the University of Canberra, Australia, as well as a Masters in Business Administration from the Management School of Southern Africa, South Africa.

    Chief Executive Officer of the National Bureau of Statistics, Mrs Li Fa Cheung Kai Suet – Mrs Li Fa Cheung Kai Suet served for 10 years as the Director/Chief Executive Officer of the National Statistics Agency (Statistics Mauritius), prior to which she has previously served in various key positions such as Deputy Director and Senior Economist at the International Monetary Fund (IMF).

    In conveying his sincere congratulations to the women professionals President Ramkalawan said “This is a sign of the confidence that our administration has in the ability of women to participate in the development of Seychelles.

    I wish them all the very best in their responsibilities ahead. I have no doubt that they will deliver to the best of their abilities and make Seychelles proud as they contribute in the economic development of the country.

    SOURCE

    State House News Alert

    Office of the President of the Republic of Seychelles 

     

  • To tackle poverty, Africa needs welfarist policies and people-centred development, says African Development Bank President Adesina

    To tackle poverty, Africa needs welfarist policies and people-centred development, says African Development Bank President Adesina

    ABIDJAN, Ivory Coast, March 8, 2024/ — President of the African Development Bank Group (www.AfDB.org) Dr. Akinwumi Adesina has appealed to leaders in Nigeria and across Africa to make poverty history as he outlined a compelling case for welfarist policies and people-centred development.

    “Given the high levels of poverty in Africa, and Nigeria, what is needed are welfarist policies that exponentially expand opportunities for all, reduce inequalities, improve the quality of life of people,” Adesina said as he received the prestigious Awolowo prize for leadership at a colourful ceremony in Lagos on Wednesday.

    Africa’s present and former presidents were among hundreds of guests who attended the award ceremony where Adesina delivered the Awolowo Foundation’s annual lecture on ‘Making a New Nigeria: Welfarist Policies and People-Centred Development.’

    Among visiting Presidents were Azali Assoumani of the Union of the Comoros; Samia Suluhu Hassan of the United Republic of Tanzania and Sahle-Work Zewde of the Federal Democratic Republic of Ethiopia. The Prime Minister of Togo Victoire Tomegah Dogbe represented her country’s President Faure Gnassingbe.

    Leaders from across Nigeria included Vice President Kashim Shettima who represented President Bola Tinubu, former Presidents Goodluck Ebele Jonathan, Olusegun Obasanjo and Yakubu Gowon and Ghana’s former president John Dramani Mahama. Also attending were 19 State Governors and royal fathers including the Emir of Bichi Alhaji Nasiru Ado Bayero, the Obi of Onitsha Igwe Nnaemeka Alfred Achebe, the Ooni of Ife Oba Adeyeye Enitan Ogunwusi, the Olu of Warri Ogiame Atuwatse III and the Igwe of Orlu Dr. Patrick Acholonu.

    The event was moderated by Dr. Victor Oladokun, Senior Advisor for Communication and Stakeholder Relations to the President of the African Development Bank.

    In his lecture, Adesina identified five critical areas that Nigerian and African leaders need to focus on to transform their economies and people’s lives: The transformation of the rural economy and food security, health security for all, education for all, affordable housing for all and government accountability and fiscal decentralisation for a true federalism.

    Transforming rural economies, ensure food security for all

    Adesina said a better Africa must start with transforming rural economies, “that is because some 70% of the population lives there. Rural poverty is extremely high. At the heart of transforming rural economies is agriculture, the main source of livelihoods.”

    “When rural economies falter, nations falter,” Adesina warned, “this leads to the spread of anarchy and terrorists who take advantage of the economic misery to entrench themselves.”

    He highlighted how the African Development Bank Group is supporting a farm revolution at scale across the continent. “We have invested over $8.5 billion in agriculture in the past seven years which has impacted 250 million people.”

    “The African Development Bank and development partners are providing $1.4 billion for the development of 25 Special Agro-Industrial Processing Zones in eleven countries,” he said.

    In Nigeria alone, the Bank is developing these zones in eight of the country’s 36 states with $518 million. Another $1 billion will go into the second phase of the program which will cover 23 more states.

    Health care for all

    “Nigeria needs health care for all,” said Adesina, “smart governments provide universal basic health coverage for their citizens.”

    He spoke about how sicknesses and diseases cost Africa $2.6 trillion in lost productivity.

    Adesina also recounted how the Covid-19 pandemic caught Africa unprepared, unprotected and left at the bottom of the ladder when it came to the distribution of vaccines.

    He explained the various initiatives the Bank Group introduced to address Africa’s health needs including a $10 billion facility to support countries to cope with the pandemic; a $3 billion program to revamp Africa’s pharmaceutical industries and the recent launch of the African Pharmaceutical Technology Foundation to support access to proprietary technologies from global pharmaceutical companies.

    Calling on Nigeria to secure the health of all its population, Adesina said, “This will require ensuring that no citizen travels more than a few kilometers to find a health care center. The widespread use of mobile health centers, e-health facilities, the digitalization of health systems, especially in all primary health care centers, health insurance policies for all, including innovative micro-health insurance pay-as-you-go systems, will capture the bulk of the population that is in the informal sector.”

    Education for all

    Adesina wants Nigeria to provide education for all. According to the United Nations Children’s Education Fund (UNICEF), Nigeria accounts for 15% of the total population of out-of-school children which includes over 10.2 million at the primary school level and 8.1 million at the Junior Secondary School.

    “This is not a gold medal Nigeria should be proud of wearing,” he said and expressed concern about “the poor funding of universities, lack of basic infrastructure, poor incentives for lecturers and incessant strikes due to wage disputes, have almost crippled the university system.”

    Adesina gave an example of the Bank Group’s investment of $614 million in Nigeria’s IDICE program to support the development of digital and creative enterprises. The program is expected to create 6.3 million jobs and add an estimated $6.4 billion to the economy of Nigeria.

    Housing for all
    Adesina told guests that welfarist policies are urgently needed to ensure all Nigerians have access to basic and affordable housing. He noted that according to data by the UN Habitat, 49 percent of Nigeria’s population which is equivalent to 102 million people, live in slums.

    He said what people need is decent housing and not upgrading of slums. “There is nothing like a 5-star slum. A slum is a slum.”
    Government accountability and fiscal decentralisation for a true federalism

    The Bank Group president said, “Citizen’s accountability forums are needed for the people to have a say in how their nation’s resources are being used and how their governments are performing.”

    To enhance transparency and accountability of governments to the people, the African Development Bank is developing a public service delivery index, which will rate governments on the quality-of-service delivery for citizens.

    “If people pay taxes, governments must deliver services,” said Adesina.

    According to the African Development Bank’s recently published Africa’s Macroeconomic Performance and Outlook, Nigeria is currently experiencing slow growth. The end of the country’s fuel subsidy regime and measures to unify the exchange rate have contributed to rapidly rising living and import costs, which have weighed on domestic demand and production, as well as investment, leading to an economic slowdown.

    “To get out of the economic quagmire, there is a compelling need for the restructuring of Nigeria. Restructuring should not be driven by political expediency, but economic and financial viability,” said Bank Group president.

    He said for Nigeria to succeed with much needed welfarist and people-centered policies, it is necessary to change the governance system to decentralize greater autonomy to the states.

    Saying it was time to pave way for a new Nigeria, Adesina said, “Instead of a Federal Government of Nigeria, we could think of the United States of Nigeria.”

    The award which promotes the legacy and democratic ideals of the late Nigerian nationalist and federalist leader Chief Obafemi Awolowo, also “recognises and celebrates excellence in leadership.”

    African leaders recognised the African Development Bank for its transformative impact on the continent under Adesina’s leadership.

    Tanzanian President Samia Suluhu Hassan, who chaired the 2023 Obafemi Awolowo Prize for Leadership Award ceremony, described Adesina as a dynamic and visionary leader.

    “He has a rare ability to turn vision into concrete transformational solutions that impact the lives of millions of people across Africa. Tanzania is one of many African states that have greatly benefited from his dynamic and astute leadership,” she said.

    “Through his leadership and support, we have been able to raise $3.8 billion to support the construction of the regional standard gauge railway that will connect Tanzania to the Democratic Republic of Congo and the Republic of Burundi.”

    President Azali Assoumani of the Comoros said, “Dr. Adesina has an incredible ability to bring leaders together to engage and commit to initiatives that are transforming Africa every day. A great visionary, innovative, and pragmatic, Dr. Adesina has masterfully led transformative initiatives at the African Development Bank.”

    In a message read by Vice President Kashim Shettima, Nigeria’s President Asiwaju Bola Ahmed Tinubu said Adesina’s ability to navigate the complexities of his role at the African Development Bank demonstrates his competence and resilience in the face of challenges.

    “Today, we gather to honour a man who has carved his path in one of the most challenging offices to lead—Dr. Akinwumi Adesina,” he added.

    Ethiopia’s Sahle-Work Zewde highlighted how the African Development Bank has become a huge brand in her country and a long-standing, trusted partner of her country’s development.

    “Since Dr. Adesina took the presidency of the bank, the African Development Bank has provided us with access to heat-tolerant wheat varieties. Ethiopia, despite the many challenges, has become a lead producer of wheat, leading to self-sufficiency in only four years,” she said.

    “We need this hope and concrete action to showcase that Africa can become self-sufficient in food,” the Ethiopian president added.

    Speaking on behalf of President Gnassingbe of Togo, the country’s Prime Minister Victoire Tomegah Dogbé pointed to the African Development Bank’s support to help farmers increase their yield. “With the support of the Bank, Togo has become an exporter of organic soybeans to Europe,” the Prime Minister said and praised Adesina for providing sound leadership that has transformed the Bank into a globally respected institution.

    Adesina is the fourth recipient of the Award. Past winners include lawyer Afe Babalola, writer and Nobel Laureate Wole Soyinka, and former South African President Thabo Mbeki.

    The Chairman of the Obafemi Awolowo Prize for Leadership Selection Committee, Chief Emeka Anyaoku said the Bank Group president was the unanimous choice of the Foundation’s Selection Committee among many other eminent nominees.

    Many global figures sent congratulatory messages to Adesina for the award, including the President of the World Bank Group Ajay Banga, the Managing Director of the International Monetary Fund Kristalina Georgieva, former British Prime Minister Tony Blair; Chief Executive Officer of Agence Française de Développement Rémy Rioux; Chief Executive Officer of the Global Center on Adaptation Prof. Dr. Patrick Verkooijen, President Emeritus of the World Food Prize Foundation Ambassador Kenneth Quinn and the former UN Secretary-General Ban Ki-moon.

    The Chairman of the Obafemi Awolowo Prize for Leadership Foundation, and former President of Nigeria Yakubu Gowon said Adesina’s “widely acclaimed achievements as Nigeria’s Minister of Agriculture and two terms as President of the African Development Bank attest to his desirability as the recipient of the 2023 Obafemi Awolowo Prize for Leadership”.

    The Executive Director of the Obafemi Awolowo Foundation, Ambassador Dr. Tokunbo Awolowo-Dosumu, said Adesina, “possesses the attributes for the award to the highest degree”.

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

    D

  • Record-breaking Attendance: more than 14000 visitors

    Dubai, UAE, 08 March 2024: The 20th edition of the Dubai International Wood and Woodworking Machinery Exhibition (Dubai WoodShow), renowned as the leading platform for wood and woodworking machinery in the MENA region, organized by the Strategic Exhibitions and Conferences, concluded after three days at the Dubai World Trade Centre.

    The event witnessed a significant turnout of visitors, investors, government officials, and timber sector enthusiasts from around the globe.

    The exhibition achieved remarkable success, attracting 14581 visitors from various countries worldwide, reaffirming its importance and leadership position in the region’s wood industry. Exhibitors expressed their satisfaction with their participation in the event, with many confirming their intent to participate in the inaugural Saudi WoodShow, scheduled for May 12 to 14 in Riyadh, Kingdom of Saudi Arabia. Several exhibitors also expressed their desire for larger booth spaces, highlighting the positive turnout of visitors during the three-day event, which facilitated on-site deal closures.

    Furthermore, the presence of representatives from government agencies, international institutions, and experts in the wood sector enriched the exhibition experience, fostering knowledge exchange, opinion sharing, and potential partnerships and investments in new opportunities within the global wood industry.

    A prominent feature of the exhibition was the array of international pavilions, boasting participation from 10 countries including the United States of America, Italy, Germany, China, India, Russia, Portugal, France, Austria, and Turkey. The event hosted 682 local and international exhibitors, with notable participants such as including Homag, SIMCO, Germantech, Al Sawary, BIESSE, IMAC, Salvador Machines, and Cefla.

    This collaboration not only enhances avenues for joint action and international cooperation but also opens new horizons for all attendees.

    Highlights of Day 3

    One of the highlights of the day was the presentation titled “New Trends in Furniture Panels – KARRISEN® Product” by Amber Liu from BNBM Group. Attendees gained valuable insights into the evolving landscape of furniture panels, with a focus on the innovative KARRISEN® product line.

    Liu’s presentation provided a comprehensive overview of the latest trends, materials, and design innovations shaping the future of furniture panels, offering attendees valuable insights into the changing needs and preferences of consumers in the furniture industry.

    Another notable presentation was delivered by Li Jintao from Linyi Xhwood, titled “New Era, New Decoration and New Materials.” Jintao’s presentation explored the intersection of design, decoration, and materials in the woodworking industry, highlighting emerging trends and innovative approaches to interior design and decoration.

    Attendees gained valuable insights into the latest materials and techniques driving innovation in the field, inspiring new ideas and strategies for incorporating these trends into their own projects.

    Additionally, YU CHAOCHI from Abington County Ruike delivered a compelling presentation on “Banding Machine and Edge Banding.” Chaochi’s presentation provided attendees with valuable insights into the latest advancements in banding machines and edge banding techniques, offering practical tips and strategies for optimizing efficiency and quality in woodworking operations.

    Attendees gained valuable knowledge and expertise that they can apply to enhance their own woodworking processes and workflows.

    Overall, Day 3 of the Dubai WoodShow was a resounding success, with attendees gaining valuable insights into the latest trends and innovations in the woodworking industry. The presentations delivered by industry experts provided attendees with valuable knowledge and inspiration, paving the way for future growth and innovation in the woodworking industry.

    Testimonials from exhibitors

    Sailesh Jotwani, Assistant General Manager, Global Lumber: Our experience at the 20th Dubai International Wood Show was nothing short of exceptional. It was an opportunity to showcase our innovative wood products and connect with industry peers from around the globe.

    The event organization was superb, reflecting meticulous planning and execution. We were impressed by the seamless flow of activities and the attention to detail in every aspect of the exhibition. As for participating in the inaugural Saudi WoodShow, it’s definitely something we’ll consider.

    Amir Hossein Sadiq, CEO, Volkato: We had a fantastic experience at the 20th Dubai International Wood Show. The atmosphere was vibrant, and we were thrilled to showcase our products alongside so many other innovative companies.

    As for participating in the inaugural Saudi WoodShow, we will certainly consider it. Given our positive experience in Dubai and our interest in expanding our presence in the region, Saudi Arabia presents an exciting opportunity. We look forward to exploring the possibilities further.

    Anuj Jina, Sales Manager, Plitwood: The event organization of the Dubai WoodShow was top-notch. From pre-event communications to on-site support, the organizers demonstrated professionalism and dedication. We appreciated the attention to detail in every aspect of the exhibition.

    Regarding participation in the next wood exhibition in Saudi Arabia, it’s certainly something we’re intrigued by. The prospect aligns with our growth strategy, and we’ll explore it further to assess its potential benefits for our business.

    Janis Kienberger, Managing Director, German Tech Machinery: Our time at the 20th Dubai International Wood Show was incredibly rewarding. We relished the chance to showcase our latest wood products amidst a vibrant atmosphere filled with industry enthusiasts.

    Regarding participation in the next wood exhibition in Saudi Arabia, it’s an opportunity that intrigues us. Given our positive experience in Dubai, we’ll certainly explore the possibility further.

    Manzoor Mohammed, Product Manager, Holzcraft: The event organization of Dubai WoodShow was outstanding, reflecting careful planning and execution. The organizers left no stone unturned in ensuring a smooth and successful experience for exhibitors and attendees alike. As for participating in the next wood exhibition in Saudi Arabia, it’s a prospect we’re keen to explore.

  • Dubai WoodShow 2024: Premier Platform Unveils Latest Industry Trends and Investment Opportunities

    Dubai, UAE, March 5, 2024: His Excellency Mohammad Ali Rashed Lootah, president and CEO of Dubai Chambers, inaugurated the 20th edition of Dubai International Wood and Wood Machinery Exhibition (Dubai WoodShow) which will continue for 3 days until March 7, with the participation of 682 local and international exhibitors from 52 countries, to exchange experiences and showcase industry trends and the most promising investment opportunities offered by the wood sector.

    Dawood Al Shezawi, President of Dubai WoodShow, said: “Dubai WoodShow is the leading platform for wood and wood machinery in the Middle East region, which has succeeded over twenty years in bringing together exhibitors, specialists, experts, and professionals in the sector to explore the latest technological developments and wooden products globally.

    The exhibition witnesses extensive international participation from all over the world, represented by 682 exhibitors alongside 10 international pavilions. This contributes to enhancing the UAE’s and Dubai’s status as a global hub for business growth and development, and a preferred destination for international events and exhibitions.”

    His Excellency Mohammad Ali Rashed Lootah, accompanied by several attendees, toured the exhibition, exploring the participating international pavilions where prominent wood products, and new technology in wood machinery were showcased.

    This proactive engagement contributes to achieving the targets of Dubai’s Economic Agenda (D33), which focuses on enhancing the business environment in Dubai and attracting foreign investments and international companies to the emirate.

    Dubai WoodShow will feature top-tier exhibitors, including Homag, SIMCO, Germantech, Al Sawary, BIESSE, IMAC, Salvador Machines, and Cefla. These industry giants will showcase state-of-the-art products such as CNC Machining Centers, Drilling- and Fitting Insertion machines, Panel Dividing Saws, Multi Rip Saws, and Edgebanders.

    The agenda of the first day included a variety of dialogue sessions, workshops, and presentations, including a session titled ” Sawmilling and the Timber Market in Scandinavia.” Participants included Niklas Gustafsson, Sales Manager for the MENA region at Norra Skog, Olle Berg, Executive Vice President Market, Sales & Business Development at Setra, and Ville Liimola, Chief Sales Officer at Polkky.

    The session on “Outlook of the GCC & Levant Timber Market” saw impactful insights from Fares Fares, President at Al Massa and Yahia Saidi, General Manager at Al Essami.

    The session “Sawmilling and the Timber Market in South Africa and New Zealand” addressed the latest developments and opportunities in those regions. Finally, Amir Rashad, the CEO and founder of Timber Exchange, discussed “How to Track Global Timber Market and Avoid Overpaying”.

    Additionally, winners of the Dubai WoodShow Awards were honored in six distinct categories: Innovative Wood Product Award, Innovative Woodworking Technology Award, CSR Commitment Award, Business Leader of the Year Award, Businesswomen of the Year Award, and Best Stand of the Year Award.

    It is worth mentioning that the first edition of the Saudi International Wood and Wood Machinery Exhibition (Saudi WoodShow) will be held in Riyadh, Saudi Arabia from May 12 to 14, 2024.

    The exhibition opens daily 10AM to 6PM at the Dubai World Trade Centre in Za’abeel Halls 4, 5, and 6.

    SOURCE 

    Strategic Exhibitions & Conferences,Dubai

  • Addressing the Cost of Africa’s greater bulk of raw Minerals Exports to her Economic Growth

    Addressing the Cost of Africa’s greater bulk of raw Minerals Exports to her Economic Growth

    ,,,,,,,,,,As  Maiden Virtual Africa-Caribbean Achievers Summit Takes Off

    Story: Mohammed A.Abu

    Mr. Kwesi Abeasi, Chairmin, Non-Executive Director, InvestCorp has called on African governments to take endeavor to take seriously factoring of value addition into international agreements in relation to resource seeking investments, within the context of their Foreign Direct Investment(FDI) drives.

    Lack of this most important singular act on the part of African governments Mr.Abeasi  intimated, has led to host countries being short-changed by foreign investors as host countries earn a pittance from the exploitation of their rich natural resources endowment potential.

    He said the lack of value addition in agreements with resource seeking investors, has created the situation whereby raw gold or ore is what is mainly exported from mineral resources rich African countries rather than processed and value added products from commercial refineries in the host countries.

    Mr. Abeasi, cited the popular Niger incident to buttress his point on how African countries are being short-changed to the extent that the country was offered a pittance of €0.80 per Kilogram while the same quantity actually was sold for €200 on the international market.

    Mr. Abeasi was delivering his Keynote Address, titled, “Economic Growth and Investment in Africa during the opening ceremony of a two-day (4th-5th March) maiden  virtual Africa and Caribbean Achievers Summit, which took off yesterday Monday and ends today, Tuesday,5th March,2024...

    The opening welcome address was  delivered by Mr. Benjamin Acheampong, the Group President, WMG,UK, whiles goodwill messages was delivered  by Dr. Joe Tackie, CEO, Global Entrepreneurship Solutions.

    The event seeks to parade some of Africa and the Caribbean’s most powerful entrepreneurs, start-ups, and business owners on the theme “Corporate Africa, the 6th Region, AfCFTA, and Beyond.

    The event seeks to discuss key strategies, processes, innovative ideas, skill sets, and funding opportunities they employ to make them successful at what they do. Discover from renowned business owners and entrepreneurs what your purpose, potential, business niche, and essential tactics are as an African or Caribbean

    Other Speakers

    Other key Speakers for the day were Mr. Paapa Bartels, Head Trade and Investments, Ghana High Commission, UK, who spoke on “The Role of Diasporans in Economic Development” Dr. June Soomer, on “Strengthening of Regional Integration and Cooperation in Africa and Caribbean”, Mr. Louis Yaw Afful, an international Trade Practitioner and Investment Consultant on “Domestication of AfCFTA Trade in Services Protocols whiles Mr. Charles Owusu, CEO, Ghana Petroleum Hub on his part, spoke on, “Creating Enabling Business Environment Through Good Governance & Leadership”.

    Panel Session

     A panel discussion, held under the theme, “Righting the Wrongs of Doing Business in Africa and the Caribbean” featured panelists namely, Dr. Errington J. Thompson, Chair & President, AACARI, Mr. John Rocha, Chief Director, AfCFTA, SA, Mrs Christine S. Ntim, CEO, Global Ecosystem Start-Up, Haiti, and Barrister Anthony Adiadi, Director, International Development & Strategy, Uwa Africa Group.

    Africa’s Gargantuan Annual Wealth Leakage to Already Rich Nations 

    According to Paul Akiwumi, Director for Africa and Least Developed Countries, UNCTAD, in a feature article, published on the Organization’s website on the 29th September,2020, Africa loses at least $40 billion each year from the under invoicing of commodity exports from the continent, according to the latest comprehensive data available.

    “The size of trade gaps varies by country, but is relatively consistent by commodity group, with gold exports representing 77% of the total, followed by diamonds (12%) and platinum (6%).

    “The proceeds from trade under invoicing and other illicit financial flows (IFFs) contribute to an average of $88.6 billion per year of capital flight from Africa, which is wealth sent and held abroad.

    “These outflows represent a considerable opportunity cost to development in Africa, draining the capital available to invest and create jobs, and reducing the potential tax revenues governments could use to spend on infrastructure and social programmes.

    “By some estimates, improving tax collection, along with curbing capital fight and IFFs, could raise tax revenue in Africa by an additional 3.9% of GDP, or $110 billion a year”.

     

     

  • Global Black Impact Summit (GBIS) 2024 to Prepare Youth for Excellence, Leadership Roles

    Global Black Impact Summit (GBIS) 2024 to Prepare Youth for Excellence, Leadership Roles

    DUBAI, United Arab Emirates, February 23, 2024/ — Empowering youth with strong leadership skills is paramount to cultivating a generation of leaders who are capable of driving change and fostering inclusivity.
    In the midst of a rapidly shifting global economy – characterized by evolving consumer preferences and an embrace of digital innovations – there is a need to prioritize access to education, skill development and competency building in a way that accounts for a dynamic future.

    The upcoming Global Black Impact Summit (GBIS) – taking place on Tuesday, February 27 in Dubai – will host a dedicated panel discussion on the role of youth in shaping global dynamics and building a more resilient future. The panel – Nurturing Future Leaders: Empowering Black Youth for Excellence – features high-level speakers from across education and business sectors, who will share insights into the pivotal role of modern education in economic advancement and wealth creation for the next generation.

    GBIS – hosted by the Black Impact Foundation and organized by Energy Capital and Power – is an annual event that celebrates the achievements of the Black community, promotes excellence, and explores untapped potential across various fields. This year’s summit – taking place on February 27, 2024, in Dubai – is set to be a transformative experience, featuring influential speakers, engaging panel discussions and networking opportunities. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

    Icons such as Nelson Mandela and Malcolm X have long-served as advocates for policies championing inclusivity, diversity and social equity, particularly among underserved populations. While their legacies continue to inspire resilience and empowerment within the global community, the imperative now lies in equipping today’s youth with the social education and mindset to effect transformative change. The GBIS panel will explore strategies and initiatives aimed at building confidence, resilience and leadership skills in young individuals.

    On the entrepreneurial front, business leaders including Pravini Baboeram, Co-Founder of 7th Gen Creatives, Lashai Ben Salmi, Co-Founder of Hallyu Con, and Tray Sean Ben Salmi, Founder of Influencer Publishing & Financial Education for Teens, will serve as speakers on the panel, instilling ambition among aspiring entrepreneurs and business owners. In this regard, GBIS 2024 will shed light on the role of mentorship and positive role models in unlocking the full potential of the next generation.

    Taking place under the theme, Black Excellence: Unleashing the Unexplored Potential for Global Unity, GBIS 2024 aims to foster connections among individuals and business leaders not only within the Black community, but worldwide. The summit serves as a unique, multisectoral platform that seeks to establish best practices for driving the next generation forward, while celebrating diversity, excellence and innovation in the process.

    Distributed by APO Group on behalf of Energy Capital & Power.

    SOURCE
    Energy Capital & Power

  • President Ramkalawan pledges the commitment of Seychelles to ensure Sustainable Tourism

    President Ramkalawan pledges the commitment of Seychelles to ensure Sustainable Tourism

    Dubai, 13th February 2024: The President of the Republic, Mr. Wavel Ramkalawan joined several other world leaders at the World Governments Summit (WGS) 2024 currently being held in Dubai where he delivered his main address focussing on Seychelles’ Initiatives and Approaches to Ensure Sustainable Tourism and Balancing Preservation.

    In his address to world leaders at the event, the Head of State underlined the pivotal role that Seychelles is playing in conservation, implementing various initiatives to promote sustainable tourism and safeguarding the nation’s ecological balance and economic well-being. He touched upon the Blue Economy, Seychelles Sustainable Tourism Label (SSTL), renewable energy sources and community involvement among other important initiatives.

    “Central to Seychelles’ approach is its commitment to the Blue Economy, which includes designating a significant portion of the country’s marine territory as protected areas, including marine parks and reserves. These efforts are crucial in preserving biodiversity and safeguarding marine ecosystems for future generations.

    Furthermore, Seychelles has established the Seychelles Sustainable Tourism Label (SSTL), a certification program that recognises tourism accommodations, operators, and services adhering to sustainable practices such as efficient waste management, energy conservation, and community engagement,” said President Ramkalawan.

    He continued, “In its endeavour to reduce reliance on fossil fuels and mitigate environmental impacts, Seychelles has invested in renewable energy sources like solar and wind power. These initiatives not only contribute to reducing carbon emissions but also promote a more sustainable approach to tourism activities.

    Seychelles also emphasises community involvement and empowerment in tourism development, encouraging local participation in decision-making processes and implementing community-based tourism projects to ensure that communities benefit from tourism revenue.”

    The President also spoke about the significant strides that Seychelles has made in protecting its unique biodiversity through habitat restoration, invasive species control, and species protection programs, “Through such conservation efforts, Seychelles has achieved an enviable record of protecting 30% of its marine territory and 50% of its landmass.

    The nation has also implemented environmentally conscious policies such as banning single-use plastics and plastic straws, promoting glass recycling, and conducting regular beach cleaning exercises,” he said.

    The President also remarked that the Seychelles Government had imposed moratoriums on large hotel developments and temporary restrictions on room numbers on certain islands to ensure that future developments align with sustainability goals.

    In regards to cultural tourism, President Ramkalawan spoke about Seychelles’ initiative through the Creole Rendezvous brand, which offers visitors immersive experiences to appreciate the local culture.

    “Preserving and promoting Seychellois culture and heritage are integral to future development plans. Incorporating vernacular architectural styles, supporting local arts and crafts, and integrating cultural activities into urban planning are key components of sustainable development. Furthermore, environmental education and awareness among tourists and locals are key priorities for Seychelles, fostering a culture of sustainability and responsible tourism,” underlined the Head of State.

    In its pursuit of sustainable development, President Ramkalawan said that Seychelles is investing in green projects across the islands, including eco-friendly buildings, renewable energy systems, waste management facilities, and smart technology solutions for infrastructure management and resource efficiency.

    Regarding International Corporations and partnerships, the President further emphasized the need for the adoption of a Multidimensional Vulnerability Index (MVI) for Small Island Developing States (SIDS) and vulnerable countries.

    He also spoke about Seychelles’ collaboration with the United Nations World Tourism Organization (UNWTO) on the Tourism Satellite Account (TSA) project, which has been instrumental in understanding the industry’s contribution to GDP, employment, and foreign exchange earnings.

    He noted that through this collaboration, Seychelles’ objectives are to align tourism strategies with sustainable development goals and accurately assess the economic benefits of tourism.

    To conclude, President Ramkalawan reiterated Seychelles’ commitment by focusing on sustainable governance, fostering international collaboration, and championing innovation. “Seychelles remains steadfast in its commitment to ensuring sustainable tourism practices that balance the preservation of natural resources with the economic benefits of tourism.

    Through international cooperation, community involvement, and innovative initiatives, Seychelles aims to advance its island development objectives, build resilience against environmental challenges, and foster inclusive and equitable economic growth,” he said.

    There were other main addresses by distinguished world leaders, including the President of the Republic of Madagascar, H.E. Andry Rajoelina, President of the Republic of Mauritius, H.E Mr. Pritvirajsingh Roopun, GCSK, and from the President of the Republic of Maldives, H.E. Dr. Mohamed Muizzu.

    SOURCE

    State House News

  • Black Medical Expertise Excellence Celebrated at Global Black Impact Summit,Dubai 2024

    Black Medical Expertise Excellence Celebrated at Global Black Impact Summit,Dubai 2024

    Story: Mohammed A.Abu
    The Global Black Impact Summit has announced  Dr. Ehsan Natour’s joining of the event  taking place in Dubai on February 27 as a distinguished speaker.

    As a seasoned medical professional and an expert in his field, Natour brings a unique perspective shaped by his diverse and extraordinary journey and education,will contribute to GBIS 2024 by offering his wealth of knowledge and expertise.

    With a background in complex aortic pathology, heart-lung transplants and left ventricle assist devices, Dr. Natour’s work at the University Medical Center Groningen (UMCG) demonstrates his commitment to advancing cardiac care. As an educator and Head of the Aorta Surgery Program, he significantly contributes to medical education and surgical programs.

    This is against the backdrop that,as the world of medicine evolves and new technologies and breakthroughs are made, the value of inclusivity within the field becomes even more critical,according to a recent official statement issued  in Dubai,

    Since 2016, the statement  noted,Dr. Natour has been living and working in Maastricht in the Netherlands and Aachen in Germany, further expanding his impact on the field of cardiac surgery.

    His book, ‘When life comes to a standstill’,it also  noted, reflects not only his medical expertise but also his dedication to supporting patients and their relatives through the foundation ‘Stilgezet’. This Dutch foundation initiates sustainable change in the healthcare system through various activities and art projects.

    “As a speaker at GBIS 2024, Dr. Natour is poised to offer profound insights into healthcare challenges, patient support, and the intersection of medicine and social impact.

    “He will bring a global perspective to the event, making him a potential catalyst for discussions on transformative change in healthcare systems.
    “Dr. Natour’s unique blend of medical expertise, educational leadership, and social entrepreneurship aligns seamlessly with the event’s theme – Black Excellence: Unleashing the Unexplored Potential for Global Unity ­– promising to be a driver of change at GBIS 2024.”it further added.
  • Honouring of Africa’s finest Technocrats by Inter.Interdisciplinary Innovation Centre Of Life

    Honouring of Africa’s finest Technocrats by Inter.Interdisciplinary Innovation Centre Of Life

     

    J.B. Worlanyo Nana-Atoo certificate
    H.E. Amb, J.B. Worlanyo Nana-Atoo, an Executive Chairman & President /Founder of EL-Ecojay developments Group LTD Ghana, Africa/global,has been awarded a Certificate of recognition by International Interdisciplinary Innovation Centre Of Life “Alliance of the peoples of the world”

    He is Unique, Versatile, Adaptable, and Capable of navigating Challenge with a Balance approach well rounded successful life and International Life Coach, Mentor and Public speaker in personal development.as one of the global Cooperate Business Mogul on investment on Projects financial Advisor and Management Consultant.

    Erstwhile as once a member of parliamentary Christian fellowship and Coordinating and operating through the system of AU, UN, European union Parliamentary for Federations of Global Christian Leaders on. Diplomatic peaceful Mission.

    He has a Construction Engineering background, with key leadership and strategic experience: In his role as operations director of building/Construction site and survey practice Engineering.

    He has a certificate in Drilling Rig Engineering field from good Will international group Inc USA Oil and Gas and also trained  at management and development productivity institute. Certificate (MDPI) Ghana. He is a product of world changers international leaders Training for fellowship of ministers USA.

    Recognition Certificate of the Intergovernmental Organisation

    IPAOW: International Interdisciplinary Innovation Center of Life.”Alliance of the people of the World. Russia / Israel Federation.UNASDG-IGO United Nations of Alliance Sustainable Development Goals,  Intergovernmental  organisation,UK

    He has also gained appointment as Africa Diaspora President of Oil and gas from Community Center Development Council aka: Community Center International Abuja-Nigeria.

    He is Africa representative of Grayson Range Extender power Electric Vehicles (GRE) USA,a Consultant of Ethos Asset Management USA.J&K group LLC SSP Energy system.USA.

    He is Nominated/Appointed by intergovernmental Affairs of SOAD, as Roving Ambassador for the state of Africa Diaspora of Eco 6 Six Region of Africa, USA, Caribbean, Europe, ASIA, was birthed by AU government and Recognised  by UN on development purposes .

    He is Ambassador, at large Empire of King David kingdom from Jerusalem Israel, Honorary International Media personality Certificate from John Terence media partnership with international kingdom university, Nigeria/USA.

    He is a Member of Africa-Israel initiatives branch in Ghana.an Associate partner with IMCI + alliance (division international GmbH ) LLC. Switzerland/USA and Broker/Consultant, Global finance capital, Hong Kong, Asia.

    An Astute international business Entrepreneur and Executive Chairman/President of EL-Ecojay developments Group Inc, Global Consultant. Specialist in business management Oil and Gas, Real  Estates, Commodities and Infrastructure Projects Holdings for Investment portfolio and development Services.

    Cooperate projects on investment and finance, Private Equity, JV, SPV, PPP, BOOT , EPC+Finance.for investment purposes on project seeking for funding. Private and government.eg, Africa Union and  global network for sustainable development goals. He is also an Economics Professor, Jeffrey Sachs master Class Online School. UN Advisor and global leader in Sustainable development.

    He is a good business strategist international developer who have worked with many years of experienced in Hotel and Tourism Hospitality industry, a Former Special assistant Manager of Frank David, Hotel. SSNIT Guest House, State Banqueting Hall protocol department and Golden Tulip in the earlier 90’s. He also has over 25 years of experience in Construction industries, Real Estate as Managing Director.

    He Can work under any conditions of any Climate changes of Economic and Sustainable development goal (SDG) of UN projects bringing  on board, rich leadership experience and build good and long-term relationship with Cooperate bodies Globally.

    SOURCE

    Mount Kenyan Times