In The Spotlight
LONDON,4th September,2015-/African Media Agency (AMA)/- Over 450 participants convened in Addis Ababa earlier this week for the Africa Japan Business and Investment Forum. The Forum, hosted for the first time on African soil, was co- organised by leading pan African magazine, African Business and Nikkei Business, Japan's leading business and finance media group. The Nikkei Business Group recently purchased the Financial Times.
[LAGOS, Nigeria]- Gabon is the latest country to become a member of the Africa Finance Corporation (AFC), after signing the Corporation's Instrument of Accession and Acceptance of membership in Libreville this week. Gabon is the 10th country to join the AFC. Other member states include: Cape Verde; Chad; Ghana; Guinea-Bissau; Guinea; Liberia; Nigeria; Sierra-Leone and The Gambia.
Gabon has an abundance of natural resources, with long-established oil, timber and manganese industries, and one of the world's largest deposits of iron ore. However limited infrastructure has been constraining the country's recent economic development. AFC aims to help address Gabon's most immediate infrastructure needs, in the transportation, natural resources and power sectors, among others, to assist the country in meeting its full growth potential and in diversifying its GDP and sources of income.
As with all other member states, Gabon's membership enables AFC to receive preferred creditor status within the country, the benefits of which would reduce AFC's investment risk, enabling the Corporation to provide more competitive financing solutions.
Overall, the Corporation has invested over US$2.5 billion in projects across 22 African countries and provides funding and project development expertise in a wide range of sectors including power, telecommunications, transport and logistics, natural resources and heavy industries.
Mr. Régis Immongault, Minister of Economy, Republic of Gabon said "I am delighted to be able to formalise Gabon's membership of the Africa Finance Corporation, an organisation that is successfully driving growth and development of infrastructure across the continent. The strong track record of the Corporation demonstrates its ability to work with both governments and private sector institutions to deliver innovative financing solutions for projects spanning a large variety of sectors."
Mr. Andrew Alli, Chief Executive Officer of AFC, welcomed Gabon to the corporation's membership body. "We at AFC are committed to proactively financing and developing infrastructure where it is most needed. We are excited by the government of Gabon's commitment to development and to supporting infrastructure investments as a means of achieving this objective. Gabon's significant natural resources, abundance of land and growing agricultural industry offers huge potential for sustainable growth and diversification, if the adequate supporting infrastructure is in place. We aim to make a significant contribution to this."
"By expanding our footprint and welcoming more countries as members of the corporation, AFC can address more of the continent's pressing infrastructure needs and build the foundations for robust economic development across Africa."
African Media Agency (AMA) on behalf of AFC.
The former primate of the Episcopal Church in Jerusalem and the Middle East has died. The Most Rev. Samir Kafity died following a stroke at his home in Rancho Bernardo, California on 21 Aug 2015.
He was 81 years of age. Born in Haifa, Bishop Kafity was educated at the American University of Beirut and ordained to the priesthood in 1958. He served churches in Israel, Palestine and Jordan before his election as the second Arab bishop of the diocese in Jerusalem in 1984.
Upon his retirement in 1998 he moved to California and became a US citizen in 2002.
“Bishop Kafity was passionate for peace,” said former Anglican Consultative Council secretary general the the Rev. Canon John L. Peterson in a statement to the San Diego Tribune-Union.
“He was the Anglican Bishop in Jerusalem during two major political conflicts, the first Intifada and the first Gulf War. He firmly believed that the foundation stone of peace was always justice and his call for peace always centered around a just world for all people. One of Bishop Kafity’s great sayings was, ‘We are all citizens of Jerusalem.’ Today we celebrate Bishop Kafity’s life among us as he becomes a citizen of the heavenly Jerusalem.”
Source: Anglican Ink
MTN South Sudan, which is part of MTN Group, the largest telecommunications company in Africa, has expanded its investment policies to uplift sports standards in South Sudan.
An investment company in Yei has agreed to sponsor Yei Municipal Football Club through provision of the team’s requirements. The club was founded in 2004 by a group of committed players, and it plays in the first division.
The Confederation of African Football (CAF) has selected four South Sudanese referees to officiate at the upcoming 2015 African Championship League matches scheduled to start next month.
Six football clubs in Yei are participating in a first of its kind mayor’s cup football competition for ladies, aimed at identifying talent for participation in future national competitions.
The higher appeals committee of the South Sudan Football Federation has reversed a ban on a group of people, accused of causing disunity in the association.
[Yambio, South Sudan, Radio Tamazuj] The Episcopal Church has wrapped up a three-day conference focusing on forgiveness and reconciliation in Yambio, Western Equatoria State. The conference featured guests from Rwanda who shared their experiences about genocide in their country.
Church leaders, community leaders and politicians attended the event, as well as facilitators from Rwanda who shared their experiences of the 1994 Rwanda genocide, Radio Miraya reported yesterday.
The Episcopal Bishop of Yambio Peter Munde says South Sudanese should learn from Rwanda’s experiences. “We learnt very much from Rwandans. Rwanda is a country which underwent the same thing,” he said.
“They had genocide, but today when you go to Rwanda you would not know that they went through this. The most important thing we have learnt is forgiveness. If we want to build peace in our country, we have to forgive each other. So there is need for a change from war to peace. I have been telling the youth – you have children and a wife. If you start war now, all of them are going to grow in war,” Munde said.