Mauritania’s BirAllah Gas Field: A Revolutionary Development In West Africa’s Gas Sector

April 24, 2023 Paradise Erhuvwu

The BirAllah gas field is expected to produce 10 million tons of LNG per year creating new employment opportunities and generating a substantial income for Mauritania.

NOUAKCHOTT, Mauritania, April 20, 2023/ — Mauritania’s BirAllah gas field, located in the Mauritanian coastal basin, has garnered significant attention from major players in the oil and gas industry, including Bp and Kosmos Energy, due to its immense investment potential.

In October 2022, a deal was signed between the Mauritanian government and these industry giants, setting the stage for the exploration and development of this promising prospect, which is estimated to hold 80 trillion cubic feet of gas.

As per the agreement, Bp will conduct comprehensive studies to enable the field’s development to commence within 36 months. The stakeholders are hopeful that these studies will establish the feasibility of establishing companies to exploit the project in the strategic port area of Ngago, located in southwest Mauritania, which is the closest coastal point to the field.

The BirAllah gas field possesses numerous attributes that makes it an attractive investment opportunity. It boasts a well-defined structure, high-quality reservoir properties, and top-grade gas. Moreover, the field has the potential for significant production rates, with initial estimates suggesting it could yield up to 4 billion cubic feet of gas per day.

The development of the BirAllah field is of significant importance to Mauritania’s gas industry (https://apo-opa.info/3UTUPmb), which has faced challenges in attracting investment in the past due to political instability and inadequate infrastructure. However, the discovery of the BirAllah field has the potential to change this narrative, as it represents one of the largest offshore gas discoveries in Africa in recent years.

The participation of prominent global companies such as Bp and Kosmos Energy in the BirAllah field underscores the immense investment potential of this oil field. These prominent global companies not only bring substantial capital but also possess the expertise and advanced technology required for unlocking the BirAllah gas field’s maximum development potential. Furthermore, this development is expected to attract additional international oil companies (IOCs) to invest in Mauritania’s gas industry, signalling to the world that Mauritania is a viable investment destination, potentially leading to further exploration and development of the country’s abundant gas reserves.

According to the International Trade Administration, the energy sector offers some of the most promising investment opportunities in the market. Bp and Kosmos Energy are poised to lead the charge in transitioning hydrocarbons as the driving force of Mauritania’s economy, surpassing iron ore. Currently, several supermajor oil and gas companies are exploring offshore Mauritania, with 22 blocks available for leasing. Additionally, there are opportunities for developing fields where oil has already been discovered, as well as providing supplies and logistical support to companies operating within the sector, presenting attractive investment prospects.

The completion of the BirAllah field, projected to take place over multiple years, has the potential to be a game-changer for Mauritania’s economy. The first gas exports from the field could be facilitated through the Ngago port area, which boasts the necessary infrastructure, including a deep-water harbor, access to electricity and water, and proximity to major shipping lanes, to support the construction of a gas terminal. The substantial revenue generated from gas exports has the potential to significantly bolster Mauritania’s economy, providing a fresh source of income for the country. Additionally, the development of the BirAllah field has the potential to create new employment opportunities and support the growth of local businesses in the region.

The development of the BirAlla gas field is also expected to create new job opportunities and generate income for Mauritania. This vast reserve of energy promises to power the world and transform the fortunes of the country. With the estimated output of 10 million tons of liquefied natural gas per year, the BirAlla gas field represents an opportunity to boost economic growth and create a more prosperous future for Mauritania.

Join us (https://apo-opa.info/41JJyHn) in Nouakchott, Mauritania on 21-22 November 2023 for the third edition of the MSGBC Oil, Gas & Power Conference & Exhibition (https://apo-opa.info/3LgiTwm) where we will unpack investment and exploration potential under the theme “Scaling Energy Opportunities in Africa’s New Frontiers.”

Organized by Energy Capital & Power, MSGBC Oil, Gas & Power 2023 will unite the region’s energy policymakers, companies and investors with global counterparts to discuss and optimize investment opportunities within the energy market.

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

SOURCE

Energy Capital & Power

Energy Transition in Africa Requires Energy Banks

April 14, 2022 reputationpoll

JOHANNESBURG, South Africa, April 13, 2022/ — Africa s still grappling with the crisis of energy poverty—a problem that is only becoming more acute as a result of a decline in investment and a lack of adequate infrastructure. It is possible that renewable energy sources, despite their widespread availability across the continent, will fall short of meeting Africa’s electricity demands (https://bit.ly/38OB1wL) in the short to medium term, leading to either the continued use of oil and gas or the emergence of even more people living in energy poverty (https://bit.ly/3rq8sft). Numerous stakeholders have advocated for the continued presence of oil and gas, at least in the medium term, so that the continent can transition gradually while simultaneously lifting millions of people out of poverty.

Energy sources based on fossil fuels (https://bit.ly/3riarCD) have long dominated the energy sector, particularly in Africa, where air pollution is exacerbated by the burning of bushes for firewood and other such activities, among other things. Environmental organizations, financial institutions, and governments from across Europe and North America have insisted that developing countries, including those in Africa, make an immediate transition (https://bit.ly/3JwzgkB) away from fossil fuel production and usage in order to avoid catastrophic climate change. Renewable energy sources such as solar, wind, and hydrogen are being promoted as a means of achieving this transition (https://bit.ly/3jwSiMT). In addition to this pressure, global governments have committed to incorporating more renewable energy sources into the energy system in accordance with the Paris Agreement, which was signed at the United Nations Climate Conference in 2015. While the energy transition is a global phenomenon, the reality is that its implementation will differ in form and timing from one region to another, as well as from developed countries to developing countries, depending on the circumstances.

In order for Africa to achieve (https://bit.ly/3KC8gkX) its goal of industrializing the continent, it is critical that it has access to reliable, affordable, and sustainable modern energy services as well as adequate financing. The African Energy Chamber (https://bit.ly/3KDqNgR) is calling on African governments and the private sector to establish energy banks that will be dedicated to financing African energy projects. With this initiative, it is hoped to establish funding sources for all types of African energy, from oil and gas exploration to solar and hydrogen operations, that will not be reliant on foreign assistance. There will be no more begging for aid that will only be granted if we completely abandon our use of fossil fuels.

Following the United Nations (UN) Climate Change Conference (COP 26) in Glasgow in 2021, countries around the world came up with ambitious targets to help them make the transition to a low-carbon economy. Securing adequate financing for renewable energy projects is critical to the success of this process, and major banks play an important role in this process. When it comes to lending to fossil-fuel projects, lenders have become increasingly hesitant to do so, while showing an increased appetite for lending to renewable-energy projects. Multiple banks have reaffirmed their commitment to financing (https://bit.ly/3EcX63Q) the continent’s energy transition, which is a significant development (https://bit.ly/3KGcTdB) in the African energy landscape.

AFRICAN BANKS (https://bit.ly/3uxYmet) FINANCING THE ENERGY TRANSITION

The African Development Bank (AfDB), a multilateral financial institution that lends money to African governments and private companies, has prioritized green growth in its portfolio, recognizing the negative impact that climate change is having on the continent. By incorporating a climate-informed perspective into all of the financial institution’s investments, the bank seeks to ensure that African countries and stakeholders have access to adequate financing as they transition to a clean energy economy. The African Development Bank’s Climate Change and Green Growth Department is organized around two main goals: the achievement of inclusive and sustainable growth, and the financing of climate change projects. These goals are aligned with the bank’s corporate strategy for the period 2013-2022. Facilities such as the African Development Bank’s Green Bond program have already helped to accelerate the development of green projects across the continent. Thus, the bank has established itself as an important facilitator of Africa’s energy transition.

The Sustainable Energy Fund for Africa (SEFA) (https://bit.ly/37JjCoC), which is managed by the African Development Bank, has approved a grant of $1 million to assist Botswana (https://bit.ly/37EgytX) in its transition to clean energy. In order to close critical gaps in policy, regulatory, and legal frameworks that were identified at the Africa Energy Market Place (https://bit.ly/3vdRRga), the technical assistance project assists the Government of Botswana in closing those gaps. These includes the introduction of least-cost planning, the reduction of negative environmental impacts, and the encouragement of increased private sector participation in renewable energy generation investments, among other things. In addition, the African Development Bank (AFDB) board of directors has approved the Leveraging Energy Access Finance Framework (LEAF), under which the bank will commit up to $164 million to promote decentralised renewable energy projects in six African countries, as reported by the Financial Times. With an initial investment of $800 million, the LEAF (https://bit.ly/3vgaUpT) program aims to encourage commercial and local currency investments that will allow decentralised renewable energy companies in Ghana, Guinea, Ethiopia, Kenya, Nigeria, and Tunisia to scale up their operations. Six million people are expected to gain access to clean energy as a result of the financing of 18 decentralised renewable energy projects under the program. In total, it is anticipated that the systems will save 28.8 million tonnes of CO2 emissions over their expected lifetime of use.

ABSA BANK LTD is a private limited company and, in collaboration with the International Finance Corporation (IFC) of the World Bank, has received a loan in the amount of $150 million to support the bank’s progressive strategy to grow its climate finance business. Through Absa, the loan will also help South Africa achieve its greenhouse gas (GHG) reduction targets, which will benefit the entire world. Absa Bank (https://bit.ly/3LVm3mI) is currently the market leader in the financing of South Africa’s Renewable Independent Power Producer Program, having structured financing for 46% of the projects that have been completed under the program to date.

STANDARD BANK a major financial institution in Sub-Saharan Africa, Standard Bank is actively involved in the financing of projects (https://bit.ly/3O55Opb) that promote the use of renewable energy sources. South Africa’s first local Tier 2 capital qualifying green bond, issued by the bank to finance renewable energy projects, was recently issued by the bank. The proceeds from the new ten-year bond, which was recently listed on the Johannesburg Stock Exchange (JSE), will be used to fund renewable energy projects in the country. The bond, worth R1.4 billion, is the third to be issued under Standard Bank’s Sustainable Bond Framework, which was established in February of this year.

In order to assist in the funding of renewable energy projects, Standard Bank Group Ltd.(https://bloom.bg/3rm2qww), Africa’s largest lender in terms of assets, plans to raise as much as 300 billion rand ($20 billion) by 2026, while maintaining an open mind to supporting fossil fuels. This commitment (https://bit.ly/3JG7qCi) was made in a statement outlining the company’s climate goals, which stated that the lender would strive to achieve net zero carbon emissions in its own operations and from its portfolio of financed emissions by 2050, in accordance with the Paris Agreement. The bank aims to achieve the following:

Reduce group advances to upstream oil by 5% by 2030;
limit exposure to thermal coal to 0.7% of group loans and advances in 2021 and 0.5% by 2030;
finance new coal mines only in the southern African region and only when there is an overall positive environmental impact;
reduce exposure to gas by 2045;
refrain from funding the deforestation of natural forests and indigenous trees.

NEDBANK: The International Finance Corporation (IFC) (https://bit.ly/3E7oz6X) has formed a partnership with South Africa’s Nedbank Group for the purpose of financing key renewable energy projects in the country. The strategic partnership was established in order to enable the country to make the transition to cleaner forms of energy, reduce greenhouse gas emissions, and create jobs in the renewable energy sector. The International Finance Corporation (IFC) is providing Nedbank (https://bit.ly/3KCiz8w) with a loan of up to $200 million to help the bank achieve its green finance operations expansion goals and grow its climate portfolio. This initiative is part of the International Finance Corporation’s broader goal of developing South Africa’s climate finance market through the financing of renewable energy projects. The South African government aims to reduce greenhouse gas (https://bit.ly/3KFWmqj) emissions by up to 42% by 2025 and to diversify its energy mix in order to reduce its reliance on coal even further by 2050, according to the World Resources Institute.

FIRSTRAND MERCHANT BANK: Global investors are putting pressure on South Africa’s top lenders and companies such as SASOL to reduce the carbon intensity of their portfolios. As a result, Nigel Beck, head of sustainable finance and environmental, social, and governance (ESG) advisory at First Rand Merchant Bank (https://bit.ly/3KQnTFi), has stated that the sector must respond and transform in line with forward-looking global energy trends. With a goal of reaching net zero emissions by 2050, FirstRand Merchant Bank has committed to achieving this goal by 2022. This goal includes both operational emissions and the financing of strategic energy projects (https://bit.ly/3JDFGhV).

Distributed by APO Group on behalf of Centurion Law Group.

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Feel free to contact the Energy Transition Centre today with questions.
Julius Moerder
Head of Energy Transition Centre
julius.moerder@centurionlg.com

Oneyka Ojogbo
Head of Energy Transition Centre<
Nigeria & West Africa<
oneyka.ojogbo@centurionlg.com

Leon van Der Merwe
Head of Energy Transition Centre South Africa
leon.vdmerwe@centurionlg.com

SOURCE
Centurion Law Group

Nigeria’s Ex-President, Goodluck Jonathan gets new Appointment

June 23, 2021 reputationpoll

Former President Goodluck Jonathan has been appointed the Chancellor of Cavendish University Uganda (CUU).

The institution made the announcement via its Facebook page.

“Welcome aboard Goodluck Jonathan as you take over as the Chancellor of CUU. We look forward to this new era and achieving great things under your leadership. Success begins at Cavendish!”, it read.

The private university, in existence since 2008, is among the top-ranked in Uganda and in Africa. CUU held its first graduation ceremony in November 2011.

Former Zambian President, the late Kenneth Kaunda used to be the Chancellor.

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Since leaving office in 2015, Jonathan has been honoured with several appointments, awards and speaking events.

The former Bayelsa Governor is the Economic Community of West African States (ECOWAS) Special Envoy and Mediator to Mali, among other engagements.

Last Saturday, President Muhammadu Buhari hailed Jonathan as an “astute mediator” and congratulated him “for his untiring efforts” on the Mali situation.

WHO officially declares an end to second Ebola outbreak in Guinea.

June 19, 2021 reputationpoll

WHO officially declares an end to second Ebola outbreak in Guinea

The World Health Organization on Saturday officially announced the end of Guinea’s second Ebola outbreak which was declared on February 14.

“I have the honor of declaring the end of Ebola” in Guinea, WHO official Alfred Ki-Zerbo said at a ceremony in the southeastern Nzerekore region where the disease surfaced at the end of January.

Health Minister Remy Lamah added: “In the name of the head of state (President Alpha Conde) I wish to declare the end of resurgence of Ebola in Guinea.”

The latest outbreak saw 16 confirmed cases and seven probable infections, the WHO said, adding 12 of these were fatal.

It was the second such outbreak in the poor country of 13 million people since the devastating 2013-2016 Ebola epidemic in West Africa, which left 11,300 dead in Guinea, Liberia and Sierra Leone.
The content of buy viagra from india zinc have an effect on prostatitis. It can be used as a stimulant in making people india viagra for sale active and feel calmer. Many ED patients get cialis overnight complained about their inability to swallow tablet. Even having enough sexual stimulation, levitra 10 mg holding a stronger erection becomes difficult for them.

Ebola causes severe fever and, in the worst cases, unstoppable bleeding.

It is transmitted through close contact with bodily fluids, and people who live with or care for patients are most at risk.

Guinea reacted quickly to this year’s outbreak, however, building on its previous experience of fighting the disease.

Among other measures, the country launched an Ebola vaccination campaign this year with the help of the WHO.

British Fashion Brand Timbuktu Comes Under Fire For Trademarking “Yoruba

June 8, 2021 reputationpoll

Timbuktu Global trademarked the word “Yoruba” in 2015

A British fashion brand has come under criticism on social media for trademarking “Yoruba,” the name of an ethnic group in West Africa

Timbuktu, an outdoor clothing brand based in northern England, filed to trademark the word “Yoruba” in 2015, records from the UK’s Intellectual Property Office show.

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Although the registration sparked anger on Sunday when Gbemisola Isimi, the founder of CultureTree, an African cultural center in London, wrote that she had attempted to trademark “Yoruba Stars” and claimed she faced a opposition from Timbuktu due to its similarity to the phrase the company had registered.

In the United Kingdom, a proposed trademark can be challenged if it conflicts or bears similarity to one that was previously approved.

The Yoruba people are an ethnic group that inhabits western Africa, mainly the countries of Nigeria, Benin, and Togo. The Yoruba constitute around 35 million people in Africa. The vast majority of the Yoruba population is from Nigeria, where the Yoruba make up 15.5% of the country’s population, making them one of the largest ethnic groups in Africa.

US Government Reacts To Nigeria’s FG Twitter Ban

June 5, 2021 reputationpoll

The US Government through their @usinnigeria handle have reacted to recent twitter ban in Nigeria exerted by the Nigerian Government through @theasovilla

The note reads..
“Nigeria’s constitution provides for freedom of expression. The Government’s recent #Twitterban undermines Nigerians’ ability to exercise this fundamental freedom and sends a poor message to its citizens, investors and businesses. Banning social media and curbing every citizen’s ability to seek, receive, and impart information undermines fundamental freedoms. As President Biden has stated, our need for individual expression, open public conversation, and accountability has never been greater. The path to a more secure Nigeria lies in more, not less communication, alongside concerted efforts toward unity, peace, and prosperity.”
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No response yet from the Nigerian government but reactions are still pouring particularly from the displeased citizens who feel deprived from their right to communicate via their choice social platform.

Nigeria Suspends Twitter

June 4, 2021 reputationpoll

The Federal government of Nigeria, suspends twitter through its Federal Ministry of Information and Culture twitter handle @theasovilla

As announced few minutes ago on @fmic_nigeria official handle, it reads “FG suspends @twitter operations in Nigeria”

The Minister of Information and Culture, Alhaji Lai Mohammed,
announced the suspension in a statement issued in Abuja on Friday, citing the persistent use of the platform for activities that are
capable of undermining Nigeria’s corporate existence.

It reads, “The Federal Government has suspended, indefinitely, the operations of the microblogging and social networking service, Twitter, in Nigeria.”

The Minister, announced the suspension in a statement issued in Abuja on Friday, citing the persistent use of the platform for activities that are
capable of undermining Nigeria’s corporate existence.

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He said the Federal Government has also directed the
National Broadcasting l Commission (NBC) to immediately commence the process of licensing all OTT and social media operations in Nigeria.

Segun Adeyemi @SegunAde88
Special Assistant To The President (Media)
Office of the Minister of Information and Culture
Abuja. 4 June 2021

Many still feel that the root cause of this decision is still in the pipe though it was reported that @twitter had deleted an earlier post of the Presidency and the Nigerian Government considered that an insolent gesture.

As expected, many reactions are already pouring in from across Nigeria. We will dish out information around this as it comes so stay around as we unfold this and more.

“The United African Republic” – Nigerian’s react over proposed new name.

June 4, 2021 reputationpoll

For over two weeks, the federal lawmakers at Abuja FCT Nigeria, have been discussing over the change of the country’s very popular name and collating citizens’ views to amend the constitution.

The idea was to gather suggestions for amendments such as electoral reforms and the system of government.

Many social media elites have questioned this decision in a very critical way.

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The regular question has been what someone from the “United African Republic” called? Uranium or Urea?

The answer is keeping many Nigerians awake as they ponder over the inspiration behind the proposed change of the name of the country.

10th African Achievers Awards Honourees announced at an Exclusive Broadcast.

December 7, 2020 Charles Patrick

The 10th African Achievers Awards Honourees were announced on Saturday, 5th of December 2020 via an exclusive broadcast. Under the theme, “Harnessing Technology for Africa’s advancement ”.

The African Achievers Awards has consistently honoured great African Achievers from African Leaders, Young Achievers, Community Builders to Captains of Industries across the continent.

The Awards ceremony has fast become established as one of the biggest gatherings of influential and global African Achievers on the continent. The AAA ceremony has been rated as one of the most prestigious award Ceremonies on the African continent.

Re-imagined to accommodate the absence of a live audience, this year’s 10th Anniversary was a Virtual event due to the Global pandemic.

The ceremony commenced with an opening remark by the AAA Chairperson Susan Fajana Thomas -(Former Civic Mayor of London Borough of Hackney), other Speakers include; The Vice President of Liberia H.E. Senator Jewel C. Taylor, Rt. Hon. Diane Abbott MP (The First Black Woman to be elected into the British Parliament) H.E. Hon.Wycliffe Ambetsa Oparanya (He is the current Governor of Kakamega County, Kenya), Rep. Kim Schofield (Member of the Georgia House of Representatives representing the 60th district) ,Ms. Regina Amadi-Njoku founder of other Half (She served as an Assistant Director General, Regional Director for Africa at the International Labour Organization I.L.O) Mrs. Ebi Elezeanyi, Hon. Habsana Jallow (former ECOWAS Parliamentarian) and Dr.Rex Idaminabo, CEO African Achievers Awards.

The majority of this year’s African Achievers Awards winners were announced during a special Online stream of the Awards Presentation.

Winners:

Life time Achievers Award Aare Afe Babalola CON,OFR,SAN (Founder AFE Babalola University)

Community Impact Jewel Star Fish Foundation

Diaspora Impact African Fashion week London

Organisation of the Year African International Documentary Film Foundation

Excellence in Leadership H.E Hon Wycliffe Oparanya (Governor of Kakamega)

Excellence in Leadership Dr. Patricia N. Lavarley (Deputy Minister Of Finance Sierra-Leone) Excellence in Leadership Ms. Regina Amadi – Njoku (Former Asst.DG ILO)

Excellence in Leadership Dr William Muhairwe (Uganda)

Excellence in tech/Mobility product Creation Timothy Adebayo Nunu (Nigeria)

Social Advocacy Hon.Vera Kamtule (Deputy Minister of Labour Malawi)

Excellence in Business Leadership Mr. Amadou Gigo (CEO GIGO construction)

Social Justice & human rights Farida Nabourema (Tog0)

Excellence in Public office Hajia Salamatu B. Goga Foreign Affairs Minister Republic of Niger.

Corporate Governance Paul Alaje (SPM Professional)

Excellence in Public Office Olivia Mchaju Liwewe Vice Chairperson to the SADC Commissioner, Malawi Electoral Commission.

Excellence in Business Leadership Mr. Mohammed Jah (Gambia)

African Journalist of the Year Philip Ihaza

Excellence in Public Service Mr. Elias Shoniyin (Former Deputy Minister Liberia)

Social impact Category Mr. Madi Jobarteh (Gambia)

Special recognition award Pst. Ferd Amaechi

Special recognition award Prophetess Dawa Kamanga (Malawi)

Special recognition award Jacques Papenfus (Meggesukkel Reconciliation Centre S. Africa)

Corporate Governance Mr. Vincent M. Rague (Kenya) Community Development Mrs. Binta Jammeh Sidibe Executive Director Association of promoting Girls and Women Advancement Gambia.

Special Recognition Ayan De First

Excellence in Banking & Finance Gabriel Eshiague (MD LAPO MICRO)

Corporate Excellence George Spilsbury Williams ( Rokel Commercial Bank)

Excellence in Public office Hon. Halifa Sallah (Gambian Parliament)

AFRICAN ACHIEVERS AWARDS AMBASSADORS

Honoured for their exceptional Service to the Continent and to our Organisation

Olayinka Koomson
Prince Akpah
Bakare Mubarak.

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Quotes from some honourees.

‘Its a rare privilege to be given this opportunity to be part of this occasion which honours the best African Achievers of 2020, those who are game changers in our generation and are making a difference where it matters in our local community. I am humbled to be a part of this occasion.’

H.E SENATOR. JEWEL C. TAYLOR VICE PRESIDENT OF LIBERIA

‘’ I feel touched by the fact that an international organization of African Achievers Award’s credibility can recognize and honor my exemplary performance as a public servant and moreso a Governor of one of the counties that was voted as number one in development in a recent opinion poll by a reputable pollster in Kenya, Infotrack International. Lastly, allow me to thank the organizers of this event for bringing together the biggest gathering of influential and global African achievers on the continent’’.

H.E HON FCPA WYCLIFFE AMBETSA OPARANYA, EGH, CGJ, CHAIRMAN, COUNCIL OF GOVERNORS,

GOVERNOR, KAKAMEGA COUNTY, Kenya.

‘’ I thank the Chairperson and the Board of Trustees of the African Achievers Award for finding me worthy of this monumental honor, and for the privilege to join the other eminent past recipients of this prestigious Award. My passion and vision is that Africa should become an innovation powerhouse that harnesses the full value of digital technologies to achieve world-class education delivery, and digital agricultural revolution. Today’s award is a welcome motivation for me to do more, and this I shall do. I very much look forward to working with all of you as we continue our efforts to harness and maximize digital technologies for the development of our continent’’.

AARE AFE BABALOLA, OFR, CON, SAN, LL.D (LOND.), FNAILS, FNSE FCI.ARB, FOUNDER AND CHANCELLOR, AFE BABALOLA UNIVERSITY, NIGERIA.

‘Africa must invest in building technical capacity of its work force to be relevant for the future’.

HON.VERA KAMTULE DEPUTY MINISTER OF LABOUR.

‘This Award is appropriate because it comes at a time when many African countries are increasingly focused on strengthening institutions and improving governance to better manage our economies, attract investment and improve the lives of their citizens. For this, I am incredibly grateful to the African Achievers Award organization for shining a bright light on this important subject.’

VINCENT RAGUE IS THE CHAIRMAN OF FSD AFRICA,CO-FOUNDER OF CATALYST PRINCIPAL PARTNERS.

‘I am extremely humbled and overwhelmed that for some reason God has decided to surprise me by becoming one of the participants of the 10th African Achievers Award. This has brightened up the end of 2020 for me in a special way and I am grateful to the distinguished Africa Achievers Award Committee Members’

OLIVIA MCHAJU LIWEWE.
VICE CHAIRPERSON: SADC MEDIATION REFERENCE GROUP(MRG)
COMMISSIONER : MALAWI ELECTORAL COMMISSION (MEC).

African Development Bank unveils strategy roadmap to safeguard food security against impacts of COVID-19

June 10, 2020

The African Development Bank has unveiled a strategic roadmap of projects and programmes to assist African countries in tackling the nutrition and food security aspects of the COVID-19 crisis through a raft of immediate and longer-term measures

The Feed Africa Response to COVID-19 (FAREC) paves the way for a comprehensive intervention to build resilience, sustainability and regional self-sufficiency in Africa’s food systems and help farmers cope with coronavirus-related disruptions to the agricultural value chain.

“The Bank’s response to support the agriculture sector lays out specific measures aimed at addressing challenges faced by African countries across all aspects of the agriculture sector. Africa cannot afford a food crisis in the wake of the COVID-19 pandemic,” said Dr. Jennifer Blanke, the Bank’s Vice President for Agriculture, Human and Social Development.

A report released alongside the roadmap recommends immediate, short- and medium-term solutions for the agriculture sector including; support of food delivery for the most vulnerable; stabilization of food prices; optimization of food processing; extension support services, and provision of key agricultural inputs through smart subsidies.

According to the report, the Bank will prioritize policy support to enhance movement of inputs and food, to establish food security task forces in countries, and to strengthen the capacity of regional organisations to monitor multi-country initiatives.

The pandemic has worsened volatility in the price of food staples and complicated food system actors’ investment decision-making. The confluence of impacts risks deepening food insecurity and malnutrition. According to the World Food Programme, over 40 million West Africans face food shortages in the coming months.
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FAREC forms one part of the Bank’s COVID-19 Response Facility (CRF) of up to $10 billion. The CRF is the Bank’s primary channel to deploy financial and technical measures to cushion African economies and livelihoods against the health, social and economic impacts of the pandemic.

In May, the Bank’s African Development Institute, its focal point for capacity development, hosted a seminar that examined the pandemic’s impacts on Africa’s agri-food systems and offered policy recommendations to make them more resilient and efficient.

“Ensuring food security for Africans in all situations is at the core of the Bank’s Feed Africa Strategy. Our institution will coordinate its efforts with different stakeholders across the continent to effectively answer the needs of regional member countries,” said Dr. Martin Fregene, Director of the Bank’s Agriculture and Agro-industry Department.

Reference: AFDB