The ECOWAS Bank for Investment and Improvment(EBID) says it would continue to focus efforts on providing support to private and public sector initiatives to grow the economies and create jobs in the sub-region.
Mr Bashir Ifo, EBID President, said everything would be done to lift the people out of poverty and transform their economic situation.
Evidence of this, he said could be seen from the bank’s assistance in areas of infrastructure, agriculture and private sector development.
Fears are growing that without timely intervention to stem outbreaks of the highly virulent avian flu virus H5N1 across West Africa, further spread across the region and beyond is inevitable, FAO said today.
To this end, the agency is calling for $20 million for prevention and response activities.
The outbreak comes as nations across West Africa are still recovering from, and in some cases still battling, Ebola. Avian flu could trigger a mass die-off of chicken – a nutritious and inexpensive source of food for a lot of people– with detrimental impacts on diets and on the economy of the region, exacerbating an by presently difficult situation.
Hunting has long been a highly controversial activity, whether as a sport (leisure or recreational), for commercial purposes or if done for cultural reasons. African nations that legalise hunting activities experience scrutiny around their conservation efforts, and how much money they make from it.
Trophy hunting, which is offered in 23 sub-Saharan African nations, generates an estimated US$201 million per year. Out of the 23 nations taking part in legal hunting activities, Tanzania, Mozambique, Namibia and South Africa have the majority effective controls and the highest levels of transparency.
- Key Facts
Ambassador : H.E Julio MoraisFull name: The Republic of Cape Verde
Population: 501,000 (UN, 2011)
Area: 4,033 sq km (1,557 sq miles)
Major languages: Portuguese, Crioulo (a mixture of archaic Portuguese and African words)
Major religions: Christianity
Life expectancy: 71 years (men), 78 years (women) (UN)
Monetary unit: 1 Cape Verdean escudo = 100 centavos
Main exports: Shoes, clothes, fish, bananas, hides, pozzolana (volcanic rock, used to make cement)
GNI per capita: US $3,270 (World Bank, 2010)
Internet domain: .cv
International dialling code: +238
A "once in a generation opportunity" – that's how Christine Lagarde, managing director of the International Monetary Fund (IMF), described the luck to assemble the resources to finance the economic and social development of the world's poor. Following a speech in Washington DC prior to the Financing for Development conference in Addis Ababa, Ethiopia from 13-16 July, Lagarde sat down to discuss development challenges.
The organization Street Child estimates that around 12,000 children have been orphaned by Ebola in Sierra Leone. Khadi Mansaray sat down with founder and CEO Tom Dannant to discuss how the organization has adapted its model to address the needs of these children, and the challenges that remain.
At the same time as a statement by the world’s most influential development agency provides evidence that a lot of of its staff are “biased” in their perceptions of the poor and their needs, one may expect eyebrows to be raised. At the same time as the president of that institution — the World Bank, no less — acknowledges the flaw and goes on to call for “measures to mitigate these biases, such as additional rigorously diagnosing the mindsets of the people we are trying to help”, jaws should be dropping.
The World Bank has cut its estimate for world increase, warning that the world economy remained overly reliant on the “single engine” of the US recovery.
The Bank said it expected lower oil prices to provide a boost to world activity. But it warned several headwinds would mitigate the result of the falling cost of crude. These include weak confidence part consumers and businesses and the inability of large central banks to cut interest rates below their record-low levels to boost inflation expectations.
The re-opening of the Benguela railway in 2014 will remain as China’s flagship project in Angola, but as well as a symbol of a year in which the relationship between China and Portuguese-speaking nations continued to increase.
Chinese ties with Angola, Mozambique and Cabo Verde (Cape Verde) involve Macau and Portugal, which in 2014 saw Chinese investment in the country rise to 10 billion euros, with several new deals expected in 2015, this time in the financial sector.
Economic and trade cooperation between China and the Portuguese-speaking nations will be deepened, Chinese Vice Premier Wang Yang guaranteed on Tuesday in Macau, announcing an eight-point plan with specific measures to be implemented between 2014 and 2016.
In the opening speech of the fourth Ministerial Conference of Forum Macau, Wang said that the initial of those measures would be the Chinese government’s granting of subsidised loans worth 1.8 billion yuan (US$293 million) to the Portuguese-speaking African and Asian Forum member nations.
The ECOWAS Commission is irrevocably committed to working for free, equitable and credible elections in Member States with a view to entrenching democracy, good governance and facilitating regional integration and development, the President of the Commission, Kadre Desire Ouedraogo, has said.
The climate is temperate with warm and dry summer; precipitation meager and very erratic.
Cape Verde to remain part the majority stable nations in Africa in 2012-13. Next internationally acclaimed presidential and parliamentary elections in 2011-which have led to a system of cohabitation with a parliamentary majority for the Partido Africano da Independência de Cabo Verde (PAICV) but the presidency held by Jorge Carlos Fonseca from the Movimento para a Democracia (MPD)-the country is presently moving towards municipal elections in May and June.
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- Cape Verde News
- BANKING / INVESTMENT: ECOWAS Bank to focus on economic growth
- AGRICULTURE: Avian flu in West Africa / FAO , prevent spread across region of 330 million
- ENVIRONMENT: Hunting in Africa - to Ban or Not to Ban Is the Question
- BUSINESS / TRADE: Cabo Verde PM visits Guinea-Bissau to enhance relations
- HEALTH: Unicef, UN Health Agency Report Increase in Immunization Figures for World's Children
- BUSINESS / TRADE: Brazil, China’s major world commercial partner
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