Category: ECONOMY

Seychelles calls for the adoption of the MVI

Mr Mohammed

Tuesday 07th March, Doha, Qatar: The President of the Republic of Seychelles, Mr Wavel Ramkalawan has called for the adoption of a Multidimensional Vulnerability Index (MVI) for Small Island Developing States (SIDS) and vulnerable countries to be accepted within the United Nations framework and beyond, as well as by international financial institutions. The President was speaking this afternoon at the High-level side event under the theme “Achieving a fair and complete measurement of vulnerability: perspectives from the Small Islands Developing States (SIDS) and Least Developed Countries (LDCs) on the vulnerability index”, convened…

African Development Bank issues AUD 50 million 15-year Kangaroo Green Bond due March 2038

Mr Mohammed

The transaction is the Bank’s 2nd green bond issued in 2023 across all currencies ABIDJAN, Ivory Coast, March 8, 2023/ — The African Development Bank (http://www.AfDB.org), rated Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/Japan Credit Rating, all stable) has successfully launched an AUD 50 million 15-year Kangaroo Green Bond due March 2038. The new issuance was arranged by RBC Capital Markets and sold to a single Japanese investor, Taiju Life Insurance Company. This is the African Development Bank’s sophomore green bond in the Australian dollar market since the inaugural 15-year Kangaroo green bond was issued…

Seychelles and Slovenia set to strengthen bilateral cooperation

Mr Mohammed

Monday 6th March Doha, Qatar: On the margins of the 5th United Nations Conference on the Least Developed Countries being held in Doha, Qatar  President Wavel Ramkalawan held bilateral talks with the President of the Republic of Slovenia Mrs. Nataša Pirc Musar. Since the establishment of Diplomatic relations between Seychelles and Slovenia on 21st October 1992, collaboration between the two countries has been limited. During discussions the Heads of State agreed that there is greater scope to enhance and diversify this relationship. Both expressed the wish to strengthen the friendly ties…

President Ramkalawan addresses the 5th United Nations Conference on the Least Developed Countries (LDC5) Plenary Session

Mr Mohammed

Sunday 5th March Doha, Qatar: The President of the Republic of Seychelles, Mr. Wavel Ramkalawan earlier this afternoon delivered his general debate statement before the 5th United Nations Conference on the Least Developed Countries (LDC5 presently being held in Doha, Qatar. With the participation of over 40 Heads of State and Government and several high-level officials, the LDC5 which is set to identify actions and partnerships at the highest possible level, including Heads of State and Government, to deliver on the LDC5 proposed agenda. During his statement, the President laid…

Niger Trade Minister Urges Diaspora Nigerien Common Front

Mr Mohammed

  Trade Minister Alkache Alhada and Guests Report: Mohammed Abu, Niamey  Niger’s Trade Minister, Mr. Alkache Alhada, has urged Nigeriens in the West African region and beyond, to foster a united front, leverage their collective strength and be able to play a more impactful role in the country’s development agenda. Hon Alhada was speaking during a special reception for local West African participants on the sidelines of the recently ended UE-Niger Business Forum. It was intended to formally welcome and briefly engage CEOs and senior executives who had represented their…

Niger’s Value Proposition Unveiled

Mr Mohammed

…..As UE-Niger Business Forum ends in Niamey Report: Mohammed Abu, Niamey The first two-day EU-Niger 2023 Business Forum ended on Wednesday in Niamey with the announcement of the creation of a European Union-Niger Chamber of Commerce including expression of interest by some potential investors to do business in Niger, as the major outputs. The EU-Niger chamber of commerce will not only serve as a mouth piece for European companies wishing to establish themselves in Niger, but also, as a secretariat-point of contact for business, as well as a medium for…

Transition to Green Energy Must be Sensible, Pragmatic and Rational, Says Afreximbank’s Rene Awambeng

Mr Mohammed

Speaking during the Invest in African Energy Reception in London, Afreximbank’s Global Head of Client Relations, Rene Awambeng provided insight into what the institution’s recommendations are regarding Africa’s climate agenda LONDON, United Kingdom, January 27, 2023/ — The Invest in African Energy Reception (https://AECWeek.com/news/) kicked off in London with opening remarks by African Energy Chamber Executive Chairman, NJ Ayuk, and Rystad Energy Co-Founder and Chief Analyst, Per Magnus Nysveen, followed by an opening address delivered by Rene Awambeng, Global Head of Client Relations at the African Export-Import Bank – a…

Feed Africa Summit: African Development Bank to commit $10 billion to make continent the breadbasket of the world

Mr Mohammed

Opening the summit, President Sall — who is also the African Union chairperson — said the time had come for the continent to feed itself DAKAR, Senegal, January 26, 2023/ — The African Development Bank Group (www.AfDB.org), will commit $10 billion over the next five years to boost Africa’s efforts to end hunger and become a primary food provider for itself and the rest of the world. Bank Group President, Dr Akinwumi Adesina, announced Wednesday at the Dakar 2 Africa Food Summit in Diamniadio, east of the Senegalese capital of Dakar. Adesina…

Measuring Multidimensional Poverty: Islamic Development Bank Institute (IsDBI), Islamic Solidarity Fund for Development (ISFD), and Oxford Poverty and Human Development Initiative (OPHI) Organize Training for Islamic Development Bank (IsDB) Group Staff

Mr Mohammed

Over 40 staff from the various IsDB Group entities attended the training sessions JEDDAH, Kingdom of Saudi Arabia, January 26, 2023/ — The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org), Islamic Solidarity Fund for Development (ISFD), and Oxford Poverty and Human Development Initiative (OPHI) jointly organized a training workshop on measuring multidimensional poverty. The workshop was designed to build the capacity of IsDB Group staff in producing data-driven research that supports evidence-based policymaking. The training was held on the 24-25 January 2023 at the IsDB Headquarters in Jeddah, Kingdom of Saudi…