St Kitts and Nevis stands out for its strong Rule of Law and well-regulated citizenship by investment programme

Basseterre, May 19, 2023 (GLOBE NEWSWIRE) — Citizenship by Investment (CBI) programmes are often evaluated based on security, protection of property and human rights as well as general stability. The rule of law is a principle that is typically used to test the strength of a country’s system of laws. For countries like St Kitts and Nevis which offer CBI programmes, having favourable laws that are applied fairly is important because it enhances their capacity to attract more investors while upholding the integrity of their CBI initiatives.

Rule of law refers to the mechanisms, processes and institutional practices that support the equality of all persons before a country’s laws. This implies that the creation and enforcement of laws must be legally regulated so that no one is above the law. In countries where the rule of law is strong, the application and adjudication of the law by governing officials are impartial. On the other hand, a weak rule of law is characterised by the consideration of class, economic or political status and relative power in the application of the law.

St Kitts and Nevis ranked 40 out of 139 countries in the 2021 Rule of Law Index. In the year 2022, the country ranked 39 out of 140 countries, indicating a slight increase. At a regional level, consisting of 32 countries in the Latin America and Caribbean region; St Kitts and Nevis was ranked 7th and 5th in 2021 and 2022 respectively.  The rule of law index measures how the rule of law is perceived and experienced globally. Rankings in the index are based on the following pillars:

  • Constraints on government powers;
  • Absence of corruption;
  • Open government;
  • Fundamental rights;
  • Order and security;
  • Regulatory enforcement;
  • Civil justice; and
  • Criminal justice.

The first pillar measures the extent to which those who are in governing positions are bound by the law. Various checks such as the existence of a free and independent press, the limitation of government powers by the legislature or the judiciary as well as the independent auditing of government activities determine government powers. In 2022, St Kitts and Nevis had a global ranking of 45 out of 140 and a regional ranking of 7 out of 32 on the constraints of government powers.

With regards to the absence of corruption, St Kitts and Nevis scored a global ranking of 41 out of 140 and a regional ranking of 7 out of 32 in the year 2022. These ratings indicate that the prevalence of bribery, informal payments and embezzlement of public funds is significantly low in the judicial, military and law enforcement spheres.

The third pillar which is open government, measures the openness of a government. This is principally indicated by the extent to which a government shares information, encourages citizen participation in policy-making and is held accountable. Globally, St Kitts and Nevis was ranked 86 out of 140 whereas regionally, it was ranked 23 out of 32.

In St Kitts and Nevis, individuals are free from discrimination based on socio-economic status, gender, ethnicity, sexual orientation or religion. In addition to this, the right to life of a person and fundamental labour rights are effectively guaranteed. These observations are supported by St Kitts and Nevis’s global ranking of 35 out of 140 and a regional ranking of 7 out of 32 on the fundamental rights factor.

When it comes to order and security, St Kitts and Nevis was ranked 49 out of 140 globally, and an impressive 4 out of 32 regionally. This indicator is particularly important for investors who want to settle in the country without having to worry much about their security. Rating highly in this pillar means that in St Kitts and Nevis, the prevalence of common crimes such as homicide, kidnapping, armed robbery and theft is low. It also means that people in the country are considerably protected from civil conflict and terrorism.

The enforcement of labour, environmental, consumer and public health regulations has an implication on a country’s rule of law. In the regulatory enforcement pillar, St Kitts and Nevis had a global and regional rating of 34 out of 140 and 2 out of 32 respectively. The ratings indicate that in St Kitts and Nevis, government regulations are applied and enforced without improper influence.

St Kitts and Nevis ranked high in the civil and criminal justice pillars of the rule of law index. For the year 2022, the country ranked 24 out of 140 in civil justice, and 36 out of 140 in criminal justice. Regionally, St Kitts and Nevis occupied the 2nd position out of 32 in civil justice and 5th position out of 32 in criminal justice. People living in the country can access and afford civil as well as criminal justice compared to other countries in the world. This also means that these two systems are relatively free of discrimination, improper political influence, corruption and unreasonable delays among other hindrances.

The rule of law is particularly important for investors because it has a bearing on property rights. St Kitts and Nevis have the rule of law embedded in their CBI programmes. This gives investors a guarantee that their property rights are upheld at all times. The comparatively high rule of law index ranking, along with a strict due diligence process make St Kitts and Nevis a great choice for investments through CBI programmes.

Earlier this year, the St Kitts and Nevis government formally established the Citizenship by Investment Unit (CIU) Board of Governors. This body advises the Prime Minister on the management, operation, reviewing and monitoring of the development of CBI policies. A technical committee that is in charge of ensuring due diligence checks are completed on all CBI applications was also established by the government. St Kitts and Nevis, which has the world’s longest-standing CBI programme in the world has been setting the standard in the CBI industry for decades. The dual island was ranked top in terms of its meticulous commitment to due diligence according to the 2022 CBI Index.

Chantal Mabanga
PR St. Kitts and Nevis
+44 (0) 207 318 4343
chantal.mabanga@csglobalpartners.comGlobeNewswire Distribution ID 8842858

GlobeNewswire Distribution ID 8842858

Presidente do Avia Solutions Group Gediminas Ziemelis: 10 grandes desafios para a sustentabilidade da aviação comercial para os próximos 3 anos

DUBLIN, Irlanda, May 18, 2023 (GLOBE NEWSWIRE) — Garantir operações sustentáveis tornou-se uma das principais motivações das empresas de aviação nos últimos anos. No entanto, esse setor dinâmico enfrenta uma infinidade de desafios que podem impedir os esforços das empresas para aumentar a lucratividade Embora vários fatores contribuam para as dificuldades do setor de aviação, alguns problemas importantes merecem ser destacados como os principais culpados.

As altas taxas de juros de mercado em dólares para companhias aéreas altamente alavancadas e afogadas em dívidas serão ainda mais altas

Nos últimos anos, o setor de aviação experimentou uma queda significativa na demanda por viagens aéreas, resultando em muitas companhias aéreas enfrentando perdas financeiras. Para se manterem à tona durante esse período, as companhias aéreas contraíram mais dívidas. No entanto, esse aumento do endividamento resultou em maior risco para os credores, levando a taxas de juros de mercado mais altas para as companhias aéreas.

Além do impacto da pandemia no setor, outros fatores como o aumento dos custos dos combustíveis e o aumento da concorrência também contribuíram para as dificuldades financeiras de muitas companhias aéreas. Esses fatores tornaram cada vez mais difícil para as companhias aéreas altamente alavancadas gerar lucros e pagar suas dívidas, levando a preocupações sobre a sustentabilidade de seus modelos de negócios.

A combinação destes fatores levou a uma situação em que as companhias aéreas altamente endividadas enfrentam agora taxas de juro de mercado ainda mais elevadas, o que pode agravar as suas dificuldades financeiras.

Custos de seguro muito mais altos – o agravamento dos riscos de guerra pode elevar os prêmios de seguro

O setor de aviação está se debatendo com o aumento dos custos de seguro devido ao agravamento dos riscos geopolíticos. Isso é altamente influenciado pelo fato de que, como declarado pelas principais companhias de seguros, cerca de 500 aeronaves alugadas a operadores russos permanecem presas na Rússia. As seguradoras estão enfrentando possíveis problemas de confiabilidade devido à situação incerta criada pela recusa do governo russo em liberar a aeronave.

Como resultado, as seguradoras estão lutando para avaliar o nível de risco envolvido, levando a uma ampla gama de perdas potenciais estimadas em até US$ 30 bilhões, segundo fontes do setor. Essa incerteza deve elevar os prêmios de seguro para as companhias aéreas, impactando o setor como um todo.

Os passageiros se lembrarão de indenizações por atrasos de voos, e isso afetará os custos não planejados das companhias aéreas

O Regulamento 261/2004 da UE prevê uma indenização para os passageiros que sofram atrasos, cancelamentos, overbooking ou recusa de embarque. Dependendo das circunstâncias específicas e sob certas condições, os passageiros afetados podem ser elegíveis para um pedido de indenização que varia entre € 250 e € 600 por pessoa. Antes da pandemia de COVID-19, a taxa de atrasos de voos na UE que eram objeto de compensação era de 1,5% de todos os voos, com um valor médio de indenização de € 375 por voo atrasado.

Em 2019, as companhias aéreas da UE transportaram um total de 1,12 bilhões de passageiros, com 1,7 milhões de voos sofrendo atrasos e resultando em um pagamento total de € 6,3 bilhões em indenizações. Atualmente, apenas 10% dos passageiros afetados apresentam reclamações diretamente às companhias aéreas ou por meio de empresas de serviços especializados, como Skycop ou Airhelp.

No entanto, espera-se que esse número aumente significativamente, já que após a COVID-19 o setor enfrenta escassez de capacidade e outros desafios. Como resultado, o número de voos reclamáveis que sofrem atrasos pode aumentar de 1,5% para 5%, potencialmente levando a um pagamento total de € 20 bilhões em indenizações.

Os desafios dos motores LEAP terão impacto em mais aeronaves em solo e na escassez de capacidade;

De acordo com nossa pesquisa interna, atualmente, o setor aeronáutico opera uma frota de 1397 aeronaves A320neo com motores LEAP-1A, totalizando 3080 motores com uma média de 2,2 motores por aeronave, e 1043 aeronaves Boeing 737 MAX com motores LEAP-1B, totalizando 2338 motores com uma média de 2,2 motores por aeronave. Para manter esses motores, existem no mundo inteiro 21 locais para revisão e manutenção do LEAP-1A e 22 locais para motores LEAP-1B.

No entanto, a paralisação de 16.000 aeronaves (o equivalente a 60% da frota total) em 2020-2021 levou a um impressionante adiamento de 60% da manutenção do motor LEAP. Consequentemente, há agora uma lacuna de manutenção significativa em 43 locais, resultando em tempos de espera de 9 a 10 meses para manutenção do motor, o que poderia interromper as operações das companhias aéreas.

A produção de OEM e a cadeia de suprimentos interrompidas durante 2023-2025 causarão uma escassez de capacidade de aeronaves;

A pandemia de COVID-19 teve um impacto profundo no setor aeroespacial. Os Fabricantes de Equipamentos Originais (OEMs), como Boeing e Airbus, experimentaram interrupções significativas em suas cadeias de produção e suprimentos. Em resposta à desaceleração econômica global e à redução da demanda por viagens aéreas, os OEMs reduziram seus níveis de produção aproximadamente pela metade em comparação com os níveis pré-COVID. Contudo, isso levou a uma escassez de capacidade de aeronaves, o que está dificultando os esforços de recuperação do setor.

Os cortes de produção afetaram mais de 5.000 fornecedores da cadeia de suprimentos, que tiveram que reduzir seus volumes durante a pandemia. Consequentemente, a recuperação do setor aeroespacial deve levar de 2,5 a 4 anos para retornar aos níveis de produção pré-COVID. Este período prolongado de interrupção provavelmente terá consequências significativas para o setor e seus participantes.

Em 2020-2021, o cancelamento de programas de cadetes aviadores e aposentadorias planejadas causaram uma escassez de pilotos em 2023-2024 e um rápido aumento nos custos para as companhias aéreas;

O setor aeronáutico enfrenta uma demanda constante por novos pilotos, já que aproximadamente 3% deles se aposentam anualmente. No entanto, a pandemia de COVID-19 causou um grande revés no setor, com todos os programas de cadetes sendo adiados ou cancelados.

Consequentemente, há agora um problema significativo de escassez de pilotos, levando a rápidos aumentos de custos. Estima-se que o setor experimentará uma escassez de 300.000 pilotos dentro de uma década. Espera-se que essa escassez crie desafios significativos, particularmente na Índia, que deve ter a maior escassez de pilotos

Desafios para reservar vagas de MRO após a COVID-19, já que eventos de manutenção programados foram adiados

Outro problema causado pela pandemia de COVID-19 é um acúmulo significativo de serviços de MRO para aeronaves em todo o mundo. Como resultado da redução sem precedentes nas viagens aéreas e da paralisação de muitas aeronaves, a manutenção programada foi atrasada ou adiada.

No entanto, à medida que a demanda de viagens aéreas começa a se recuperar e as companhias aéreas retornam à operação plena, surgiu o desafio de reservar vagas de MRO para realizar a manutenção necessária nessas aeronaves. Muitas companhias aéreas estão descobrindo que as instalações de MRO já estão operando a plena capacidade, resultando em longos tempos de espera e possíveis interrupções nas operações das companhias aéreas Espera-se que esse acúmulo de manutenção persista por algum tempo, criando obstáculos aos esforços de recuperação do setor aéreo.

Desafio para encontrar vagas de manutenção de motores V2500 e RR devido à manutenção adiada

As companhias aéreas que operam aeronaves com motores V2500 e RR também estão encontrando dificuldades para programar a manutenção de seus motores devido à alta demanda e disponibilidade limitada. Isso criou uma situação desafiadora, especialmente para as companhias aéreas com grandes frotas de aeronaves desse tipo.

A falta de vagas de manutenção disponíveis forçou as companhias aéreas a paralisar algumas de suas aeronaves, levando a interrupções operacionais e perdas de receita. Além do impacto financeiro, a situação também levanta preocupações de segurança, pois o atraso na manutenção pode comprometer a segurança e a confiabilidade dos motores, podendo levar a problemas mais significativos no futuro.

Os requisitos ESG para uma aviação mais ecológica não desapareceram no médio prazo

A 41ª Assembleia da Organização da Aviação Civil Internacional (OACI), realizada em Montreal em outubro de 2022, foi um marco significativo para o compromisso do setor da aviação com a sustentabilidade. A assembleia se comprometeu com uma Meta Ambiciosa de Longo Prazo (LTAG) para alcançar emissões líquidas zero de CO2 até 2050, o que trouxe as questões de Meio Ambiente, Sociedade e Governança (ESG) para a vanguarda da conversa sobre aviação sustentável.

A meta ambiciosa do LTAG é desafiadora, mas tem o potencial de incentivar as companhias aéreas a acelerar o desenvolvimento e a adoção de combustíveis de aviação mais ecológicos e outras melhorias técnicas para reduzir as emissões de carbono dos voos. Isso exigirá uma mudança significativa na mentalidade de todo o setor, investimento em pesquisa e desenvolvimento e colaboração entre companhias aéreas, fabricantes e governos para alcançar o objetivo de longo prazo.

Após a COVID-19, dívidas com peças de reposição, serviços de MRO e leasing de aeronaves farão com que algumas aeronaves ainda fiquem paradas, o que causará demanda de capacidade

A situação complexa no setor levou as companhias aéreas a contraírem mais dívidas para financiar vários aspectos de suas operações, como peças de reposição, serviços de MRO e leasing de aeronaves. No entanto, o aumento da dívida pendente para o setor pode ter implicações significativas, com algumas companhias aéreas potencialmente lutando para pagar suas dívidas, o que pode resultar em uma redução na capacidade, já que as companhias aéreas são forçadas a paralisar algumas de suas aeronaves ou cortar rotas para minimizar os custos.

Dados internos mostram que a dívida pendente do setor saltou mais de 20% desde 2020, chegando a mais de US$ 300 bilhões. Para levantar capital, as transportadoras aéreas globais venderam US$ 63 bilhões em títulos e empréstimos até agora neste ano.

Contato de mídia:
Silvija Jakiene
Diretora de Comunicações
Avia Solutions Group
silvija.jakiene@aviasg.com
+370 671 22697

GlobeNewswire Distribution ID 100081084

Les 10 grands défis des 3 prochaines années pour la durabilité de l’industrie du transport aérien de passagers, selon Gediminas Ziemelis, président d’Avia Solutions Group

DUBLIN, Irlande, 18 mai 2023 (GLOBE NEWSWIRE) — Ces dernières années, garantir une exploitation durable est devenu un objectif fondamental pour les entreprises du secteur de l’aviation. Néanmoins, cette industrie changeante est confrontée à une multitude de défis pouvant entraver les efforts dont les entreprises font preuve pour l’optimisation de leur rentabilité. Bien que plusieurs facteurs contribuent aux difficultés du secteur de l’aviation, il est important de mettre l’accent sur ceux qui ont le plus d’impact.

Les taux d’intérêt en dollars, déjà hauts pour les compagnies aériennes fortement endettées, seront encore plus élevés.

Ces dernières années, le secteur de l’aviation a connu une baisse importante de la demande de transport aérien, ce qui a entraîné des pertes financières pour de nombreuses compagnies aériennes. Afin de se maintenir à flot pendant cette période, les compagnies aériennes ont contracté des dettes supplémentaires. Cependant, cet endettement accru a engendré un risque plus élevé pour les créanciers, ce qui s’est ensuite traduit par une hausse des taux d’intérêt pour les compagnies aériennes.

Outre l’impact de la pandémie sur l’industrie, d’autres facteurs tels que la hausse des prix du carburant et l’intensification de la concurrence ont également contribué aux difficultés financières de nombreuses compagnies aériennes. En raison de ces facteurs, il est de plus en plus difficile pour les compagnies aériennes fortement endettées de générer des bénéfices et donc de rembourser leurs dettes, ce qui suscite des inquiétudes quant à la viabilité de leur modèle économique.

La combinaison de ces facteurs fait que les compagnies aériennes fortement endettées sont maintenant confrontées à des taux d’intérêt encore plus élevés, ce qui peut exacerber encore plus leurs difficultés financières.

Des coûts d’assurance beaucoup plus élevés – l’aggravation des risques de guerre pourrait conduire à l’augmentation des primes d’assurance

Le secteur de l’aviation est confronté à une hausse des coûts d’assurance du fait de l’aggravation des risques géopolitiques. Selon les principales compagnies d’assurance, cette situation est fortement influencée par le fait qu’environ 500 avions loués à des opérateurs russes sont toujours bloqués en Russie. Les assureurs sont confrontés à des problèmes de responsabilité éventuelle en raison de la situation incertaine créée par le refus du gouvernement russe de renvoyer ces avions.

En conséquence, les assureurs ont du mal à évaluer le niveau de risque encouru. Cela se traduit par une large fourchette de pertes potentielles, qui selon certaines sources du secteur sont estimées à 30 milliards de dollars. Cette incertitude risque de faire augmenter les primes d’assurance des compagnies aériennes, ce qui aura un impact sur l’ensemble du secteur.

Les passagers se souviendront des compensations disponibles en cas de retard de vol, ce qui aura une incidence sur les coûts imprévus des compagnies aériennes

Le règlement européen 261/2004 prévoit une indemnisation pour les passagers victimes de retards ou d’annulations de vols, de surréservations ou de refus d’embarquement. Selon les circonstances spécifiques, et sous réserve de certaines conditions, les passagers concernés peuvent prétendre à une indemnisation allant de 250 à 600 euros par personne. Avant la pandémie de COVID-19, le taux de retard des vols au sein de l’Union Européenne qui relevait d’une indemnisation était de 1,5 % des vols, avec un montant moyen d’indemnisation de 375 euros par vol retardé.

En 2019, les compagnies aériennes de l’UE ont transporté un total de 1,12 milliard de passagers, avec 1,7 million de vols ayant subi des retards, ce qui a donné lieu à une indemnisation totale de 6,3 milliards d’euros. Seuls 10 % des passagers concernés déposent actuellement des plaintes directement auprès des compagnies aériennes, ou par l’intermédiaire de sociétés de services spécialisées telles que Skycop ou Airhelp.

Toutefois, ce chiffre devrait augmenter de manière significative, du fait qu’après la pandémie de COVID-19, l’industrie devra faire face à des déficits de capacité et autres défis. En conséquence, le nombre de vols retardés pouvant faire l’objet d’une demande d’indemnisation pourrait passer de 1,5 % à 5 % des vols, ce qui pourrait donner lieu à une indemnisation totale de 20 milliards d’euros.

Les défis liés aux moteurs LEAP se traduiront par une augmentation du nombre d’avions au sol et un déficit de capacité

Selon nos recherches internes, le secteur de l’aviation exploite actuellement une flotte de 1397 avions A320neo équipés de moteurs LEAP-1A, soit un total de 3080 moteurs avec une moyenne de 2,2 moteurs par avion, et 1043 avions Boeing 737 MAX équipés de moteurs LEAP-1B, soit un total de 2338 moteurs avec une moyenne de 2,2 moteurs par avion. Il existe 21 sites dans le monde pour la révision et la maintenance des moteurs LEAP-1A, et 22 sites pour les moteurs LEAP-1B.

Cependant, l’immobilisation au sol de 16 000 avions (soit 60 % de la flotte totale) en 2020-2021 a entraîné un report impressionnant de la maintenance de 60 % des moteurs LEAP. En conséquence, il y a désormais un important déficit d’entretien sur 43 sites, entraînant des temps d’attente de 9 à 10 mois pour la maintenance des moteurs. Cette situation pourrait potentiellement perturber les activités des compagnies aériennes.

L’interruption de la production et de la chaîne d’approvisionnement des fabricants d’équipements d’origine au cours de la période 2023-2025 entraînera un déficit de capacité aéronautique

La pandémie de COVID-19 a eu un impact considérable sur l’industrie aérospatiale. Les fabricants d’équipements d’origine (OEM en anglais) tels que Boeing et Airbus ont dû faire face à d’importantes perturbations dans leurs chaînes de production et d’approvisionnement. En réponse au ralentissement économique mondial et à la baisse de la demande de transport aérien, les équipementiers ont réduit leurs niveaux de production d’environ la moitié par rapport aux niveaux pré-Covid. Toutefois, cette situation a entraîné un déficit de capacité aéronautique qui entrave les efforts de rétablissement de l’industrie.

Les réductions de production ont affecté plus de 5 000 fournisseurs de la chaîne d’approvisionnement. Tous les fournisseurs ont dû réduire leurs volumes pendant la pandémie. Par conséquent, il devrait falloir entre deux ans et demi et quatre ans à l’industrie aérospatiale pour retrouver ses niveaux de production d’avant la pandémie de Covid. Cette période de perturbation prolongée risque d’avoir des conséquences importantes pour l’industrie et ses parties prenantes.

En 2020-2021, l’annulation des programmes de formation des pilotes combinée aux départs à la retraite prévus ont provoqué une pénurie de pilotes en 2023-2024, ainsi qu’une augmentation rapide des coûts pour les compagnies aériennes

Le secteur de l’aviation est confrontée à une demande constante de nouveaux pilotes, étant donné qu’environ 3 % des pilotes partent à la retraite chaque année. Cependant, la pandémie de COVID-19 a provoqué un recul important dans l’industrie, tous les programmes de formation de nouveaux pilotes ayant été soit reportés, soit annulés.

Il y a donc maintenant une pénurie importante de pilotes, ce qui entraîne une augmentation rapide des coûts. On estime que l’industrie connaîtra une pénurie de 300 000 pilotes d’ici dix ans. Cette pénurie devrait créer d’importants défis, en particulier en Inde, où l’on s’attend à ce que la pénurie de pilotes soit la plus importante.

Difficultés à réserver des services d’entretien, de réparation et de révision après la pandémie, en raison du report des services d’entretien qui étaient programmés

Un autre problème causé par la pandémie de COVID-19 est une accumulation importante des services d’entretien des appareils au niveau mondial. En raison de la réduction sans précédent du transport aérien et de l’immobilisation au sol de nombreux avions, la maintenance programmée des appareils a été retardée ou reportée.

Néanmoins, alors que la demande de transport aérien commence à se rétablir et que les compagnies aériennes reprennent leurs activités à plein régime, réserver les services d’entretien, de réparation et de révision nécessaires à ces avions est un véritable défi. De nombreuses compagnies aériennes constatent que les installations de services d’entretien fonctionnent déjà à plein rendement, ce qui entraîne des temps d’attente longs et des perturbations potentielles pour les activités des compagnies aériennes. Cette accumulation des travaux d’entretien devrait persister pendant un certain temps, créant des obstacles aux efforts de rétablissement du secteur de l’aviation.

Difficulté à trouver des créneaux pour l’entretien des moteurs V2500 et RR en raison de la maintenance différée.

Les compagnies aériennes qui exploitent des avions équipés de moteurs V2500 et RR rencontrent également des difficultés pour programmer la maintenance de leurs moteurs en raison d’une forte demande et d’une disponibilité limitée. Cela crée une situation difficile, en particulier pour les compagnies aériennes dont la flotte compte un nombre important de ce type d’avion.

Le manque de créneaux disponibles pour la maintenance de ces avions a contraint les compagnies aériennes à immobiliser certains de leurs appareils, causant des perturbations de leurs activités et des pertes de revenus. Outre l’impact financier, la situation pose également des problèmes de sécurité. En effet, les retards de maintenance peuvent compromettre la sécurité et la fiabilité des moteurs, ce qui peut entraîner des problèmes plus importants à l’avenir.

Les critères ESG pour une aviation plus respectueuse de l’environnement n’ont pas disparu à moyen terme

La 41e assemblée de l’Organisation de l’aviation civile internationale (OACI), qui s’est tenue à Montréal en octobre 2022, a marqué une étape importante dans l’engagement du secteur de l’aviation en faveur du développement durable. L’assemblée s’est engagée à atteindre un objectif ambitieux à long terme pour parvenir à des émissions carbones neutres d’ici 2050. Cela a mis les questions d’environnement, de société et de gouvernance (ESG) au premier plan de la conversation sur l’aviation durable.

Cet objectif ambitieux est un véritable défi, mais a le potentiel d’encourager les compagnies aériennes à accélérer le développement et l’adoption de carburants plus écologiques ainsi que d’autres améliorations techniques pour décarboniser les vols. Pour atteindre cet objectif à long terme, un changement de mentalité important dans l’ensemble du secteur, des investissements dans la recherche et le développement, et une collaboration entre les compagnies aériennes, les fabricants et les gouvernements seront nécessaires.

Après le Covid, les créances pour les pièces détachées, les services de maintenance, et la location d’avions auront pour conséquence que certains appareils seront encore bloqués au sol, conduisant à une demande de capacité

La situation difficile du secteur a poussé les compagnies aériennes à s’endetter davantage pour financer divers aspects de leurs activités, tels que les pièces détachées, les services de maintenance et les locations d’appareils. Toutefois, l’augmentation de la dette existante du secteur pourrait avoir des conséquences importantes. Certaines compagnies aériennes auront du mal à rembourser leurs dettes, entraînant potentiellement une réduction de leur capacité car elles seront contraintes d’immobiliser certains de leurs appareils ou de supprimer des trajets pour minimiser les coûts.

Les données d’Insider montrent que la dette existante de l’industrie a bondi de plus de 20 % depuis 2020, atteignant plus de 300 milliards de dollars. Pour lever des fonds, les transporteurs aériens mondiaux ont vendu pour 63 milliards de dollars d’obligations et de prêts depuis le début de l’année.

Contact média :
Silvija Jakiene
Directrice de la communication
Avia Solutions Group
silvija.jakiene@aviasg.com
+370 671 22697

GlobeNewswire Distribution ID 1000810847

Economic growth: Don advocates support for traders

Prof. Obiora Okonkwo of the University of Abuja has urged governments at all levels, especially Lagos State, to intensify support for traders, given their contributions to the growth of the economy.

Okonkwo made the call in Abuja on Thursday at a meeting with the new executives of Ndigboamaka Progressives Markets Association (NPMA).

NPMA is the umbrella body of Ibo Traders in Lagos , made up of 58 market groups across the state.

It has the mandate to facilitate trade for its members, improve volume of trade for further growth of the economy of Lagos and Nigeria in general.

Okonkwo, said the call became necessary given the high volume of trading activities and turn out by the traders and the impact to the economy of Lagos and Nigeria in general.

“This people who are representing a turn over of trillions in this our economy, as simple as they might look, they can not be taken for granted.

“This people here have millions of youths who are engaged over their mentorship in different markets in Lagos, they should be recognised, and that is going to be our objective.

“So they need all the support to add more to grow their business because the bigger their business becomes, the more trillions of turnover they are turning in, the more customs duty, the more taxes to the nation.

“A good number of them are moving from trading to manufacturing, to assembling and not Just buying and selling.

“The association is a very important group to the life, future and economy of the nation because these people consist of about 60 to 70 per cent of Lagos economy’s Internally Generated Revenue (IGR).”

Okonkwo, who is a professor of Business at the University of Abuja Business School, said the group has worked out a way to create mutual working relationship and understanding with government.

” There is an improved relationship within my leadership; last year, there was a special event where they gave a special award to the Lagos governor based on association and collaboration on improved relationship.

“And the governor for the first time appointed a member of the association into the Lagos State Market Advisory Council.

“At that meeting, the governor received an open endorsement of the association for his second term in office.”

Okonkwo, who is the National Grand Patron of the association, commended the association for the transparent and peaceful conduct of election of the new executives .

He urged them to consolidate on the peace amongst members of the association.

“For the fact that they are organised and for the fact that they organised their election peacefully, is a manifestation of unity among them.

“And we shall continue to work for peace, and consolidate on the unity and understanding,

“They have been men of credibility and integrity, having successfully served in their various business, and that is what the society we have now needs and unfortunately it is a scarce commodity.

“I am committed to working with everyone of you in whatever markets with pride, with joy to the glory of God, to attain the objectives of these associations for the benefit of members.”

The new President of NPMA, Mr Chinedu Ukatu who is also a member of Lagos state Market Advisory Council, said the association was having a cordial relationship with the Lagos State Government.

According to him, the priority of the new executive is to intensify trade facilitation among members for the benefit of traders who consist of different races.

“What we are concerned is about facilitating trade for all traders in Lagos by uniting the traders, the markets on issues like multiple taxation, and untimately further promote welfare of traders by collaborating with government and other well meaningful stakeholders.”

Source: News Agency of Nigeria

Stakeholders laud FG’s NG-CARES programme, seek extension

Stakeholders have commended the Federal Government for its NG-CARES programme aimed at improving the livelihood of poor Nigerians.

The stakeholders, including implementing agencies drawn from seven states, gave the commendation in Ibadan at a maiden Ministerial Town Hall meeting for beneficiaries from Oyo, Osun, Ondo, Ogun, Ekiti, Lagos and Kwara States.

The town hall meeting was organised by the Federal Ministry of Finance, Budget and National Planning.

The stakeholders, who took turn to make presentations on how the programme had empowered them economically and improved their socio-economic wellbeing, called for its extension.

One of the beneficiaries, Mrs Beatrice Ogunsuyi, a widow from Ondo State, who benefited from the healthcare provision under the initiative, said it was the needed intervention appropriate for her situation.

Mrs Rachel Onapasa from Obokun Local Government Area of Osun, who lost her source of livelihood as a poultry farmer during the COVID-19 pandemic, said she regained her stability with the intervention of the Federal Government.

“I was provided with a carton of broiler with feed, which helped to regain my livelihood,”Onapasa said.

Mrs Subaidan Rasak, a physically challenged beneficiary from Oyo State, said she received government support, in spite of her condition, which had confined her to be indoor.

Rasak said the monthly social transfer received from government had improved her living conditions and helped in taking care of her family.

Chief Dipe Adegboye on behalf of Moferere-Iju community in Akure North Local Government Area of Ondo State, said the dilapidated science laboratory and Basic Health Care Centre in the community had been reconstructed and equipped with state-of-the-art facility.

“All these were achieved through the NG-CARES community development programme, making students, who could not take subjects in sciences are now doing well,” Adegboye said.

Other beneficiaries, who were unemployed, artisans, cattle rearers and petty traders, also attested to the positive impact of the NG-CARES in their various businesses.

They appealed for extension of the programmes and its scope to accommodate more beneficiaries.

The Minister of State for Budget and National Planning, Prince Clem Agba, commended President Muhammadu Buhari for his vision to lift 100 million Nigerians out of poverty within a period of 10 years.

Agba, who was represented by Mr Aso Vakporaye, Chairman, Federal CARES Technical Committee of the Nigeria COVID-19 Action Recovery and Economic Stimulus Programme, commended the partners for making the initiative a success.

Speaking in his capacity, Vakporaye said the hardships during the COVID-19 pandemic made the Federal Government develop the Economic Sustainability Plan.

This, he added, inspired the preparation and eventual implementation of the NG- CARES Programme in the 36 States and FCT.

“We are proud to say that the Programme has recorded tangible results and has positively affected so many poor and vulnerable Nigerians affected by the COVID-19 pandemic and other shocks across the country,” Vakporaye said.

The World Bank representative and Task Team-lead, Prof. Foluso Okumadewa, commended the commitment and courage put into the initiative by various states and executors in various programmes which had yielded positive results.

Okumadewa announced that the World Bank had extended the programme for 12 months, calling for registration of more Nigerians below the poverty line as well as extend support to the poor in every area needed.

The National Coordinator, NG-CARES, Dr Abdulkarim Obaje, said the programme was a multi-sectoral programme designed to provide immediate emergency relief to the vulnerable and poor Nigerians, smallholder farmers and SMEs that were adversely affected by the COVID-19.

Obaje said the programme covered three results areas with 11 Disbursement Linked Indicators interventions which were selected by the states.

“On the state and FCT Performance in 1?? Result Verification; 29 states and FCT earned reimbursement after deducting the initial advance, while seven states earned no reimbursement after deducting the initial advance,” he said.

Source: News Agency of Nigeria

We are using Basketball to raise awareness of malaria among students – PanAfricare

PanAfricare, an independent, non-profit organization, has said it is using Basketball to raise awareness of malaria among secondary school students.

The Country Director of PanAfricare, Dr Patrick Adah, said this on Thursday in Abuja at the 2023 Power Forward malaria youth summit.

The News Agency of Nigeria (NAN) reports that the summit was organised in collaboration with Exonmobil, National Basketball Association (NBA) and PanAfricare to commemorate 2023 World Malaria Day, at the Divine Mercy School, Abuja.

Adah said that the summit was malaria driven even from ExxonMobil, because it’s a life-threatening disease spread to humans by some types of mosquitoes.

“So this is most of the things we do in public health, especially around creating awareness on Malaria and we have used various strategies to create awareness, during this summit we are using basketball as a platform to commemorate world malaria day.

“We are teaching the pupils and also raising public health awareness among them, in the past 10 years we annually engage over 40 coaches who visit secondary schools in FCT weekly to educate pupils on basketball, life skills, public health and malaria.

“So, the students have received trainings on malaria prevention and treatment, with some of them emerging as “malaria champions” amongst the students,” he said.

According to him, “in malaria prevention, you need to know what malaria is, and how malaria is transmitted from one person to the other for you to prevent it and know the appropriate ways of preventing it.

He said that Malaria can be prevented by avoiding mosquito bites and with medicines.

“Treatments can stop mild cases from getting worse.”

Malaria mostly spreads to people through the bites of some infected female Anopheles mosquitoes.

“Blood transfusion and contaminated needles may also transmit malaria. The first symptoms may be mild, similar to many febrile illnesses, and difficult to recognize as malaria.

“If left untreated, P. falciparum malaria can progress to severe illness and death within 24 hours,” he said.

Vice President National Basketball Association (NBA), & NBA Nigeria-Country Head Gbemisola Abudu, made it clear that sport, especially basketball, is one of the ways the country can use in educating the youth about malaria.

Abudu said “The whole idea of the program is announcing the power of sports to educate the youth about malaria awareness and malaria prevention.

“One thing about sports as we are all aware of, is that it is a tool that the youth designate with in a way that they do other activities.

“So we have been able to utilise such power to educate them about their health issues, that are very important and has been a key cornerstone of the Power Forward program partnership for us,” she said.

Source: News Agency of Nigeria

Kaduna Govt promises improved school furniture, WASH facilities

The Kaduna State Government has pledged to provide adequate school furniture, Water, Sanitation and Hygiene (WASH) and other facilities to encourage school enrolment and retention in public primary schools.

The Executive Chairman, Kaduna Basic Education Board (Kaduna SUBEB), Alhaji Tijjani Abdullahi made the promise in Kafanchan, during a one-day sensitisation campaign on the enrolment of out-of-school children in the state.

The News Agency of Nigeria (NAN) reports that the campaign was organised by the Kaduna SUBEB, under the World Bank-supported Better Education Service Delivery for All (BESDA) programme.

Abdullahi, who was represented by Malam Kabiru Lawal, acting Director of Social Mobilisation, said that the government was also working to improve security in schools and improve teachers’ capacity for quality teaching and learning.

He called on the School-Based Management Committees (SBMCs) to step in, particularly in the provision of WASH facilities when necessary before while awaiting government intervention.

He explained that the enrolment campaign was to mobilise relevant stakeholders to support the government to mop-up out-of-school children in the streets, motor parks, farms, houses, markets, and other places.

Also speaking during the campaign, Mrs Josephine Michael, Desk Officer of BESDA, Kaduna SUBEB, said that the effort was to ensure that no child was left behind in the government drive to provide quality education to all.

Michael appealed to the stakeholders to support the state government efforts to address the menace of out-of-school toward building the needed human capital that would move the state forward.

“BESDA, a Programme for Result (P for R) was initiated by the Universal Basic Education Commission (UBEC) with support from the Federal Ministry of Education, designed to address the menace of out-of-school children.

“The programme began in 2019, with a 611 million dollars loan from the World Bank, which the Federal Government gave 17 participating states with the highest number of out-of-school children as grant.

Also, Malam Magaji Mohammed, Community Participation Officer, Kaduna SUBEB, urged the stakeholders to strengthen advocacy and sensitisation to ensure that no child was left behind.

He noted that the government was doing the best it could to provide the needed facilities in schools to enable children to learn in line with the state’s free and compulsory basic education.

Earlier, community stakeholders from Jema’a, Kaura, Zangon Kataf and Sanga Local Government Areas of the state commended the government efforts to enrol out-of-school children in school.

They, however, urged the government to improve security in schools and provide adequate school furniture and WASH facilities.

One of them, Mr Peter Owaze, said that the provisions of school furniture and other facilities would encourage children to enrol in school and remain in school.

On his part, Mr Ango Arkilawus, lamented that some teachers and pupils were struggling for space in bushes around public school due to lack of toilet and water facilities.

NAN reports that religious and community leaders at the meeting pledged to sensitise community members on the importance of education and work with parents and caregivers to enrol their children in school.

Source: News Agency of Nigeria

Humanitarian ministry inaugurates revised service charter, honours staffers

The Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development has inaugurated its revised service charter.

This is to ensure rewards and efficient service delivery among the members of staff of the ministry.

Inaugurating the document on Thursday in Abuja, the Minister, Sadiya Farouk, said the charter aimed at defining the service experience its publics would have with it.

Farouk said that the revised edition of the charter was created to ensure strict service compliance in the discharge of the ministry`s responsibility to the public.

“ This document is a compendium that gives an overview of the ministry, the aims and objectives of the ministry as well as mechanisms for redressing grievances“ she said.

The Minister also used the event to honour some staffers of the ministry with a prestigious award of excellence in service delivery for their outstanding performances.

“ The ministry has been rendering services to millions of its beneficiaries through various programmes as such it has become necessary to recognise and reward hard working staff,`’ Farouk said.

Also speaking, the National Coordinator, Service Compact with all Nigerians (SERVICOM), Mrs Nnenna Akajemeli, commended the minister for her commitment towards providing efficient service delivery to Nigerians.

Akajemeli said that the document would remain a tool that boosts quality service delivery.

“So, implementation is key to the success of this service charter, we are also lending our voice to what you’re already doing to satisfy the citizens through service delivery“ she said

The Permanent Secretary, Dr Nasir Gwarzo, said the ministry`s mandate was to develop humanitarian policies by providing effective coordination of national and international humanitarian interventions.

“This mandate has put the ministry in the spotlight since its inception, three years ago and with the commitment of all the staffers, their skills, their focus, we have been able to serve our customers.

“The mandate also includes strategic disaster miitigation preparedness, response management.

“it also entails the formulation and implementation of a fair and focused social inclusion, as well as protection programmes in Nigeria.

“The charter was put in place in order to ensure that the ministry maintains efficient and effective service delivery to its customers,“ he said

Source: News Agency of Nigeria

German Govt donates solar-powered port cabin to Lagos school

German Government has donated a solar powered port cabin to Meiran Community Senior High School, Lagos, for providing technological solutions to solve problems.

The cabin was donated on Thursday in Lagos by the German Agency for International Corporation through its Pro-Poor Growth and Promotion of Employment in Nigeria(GIZ-SEDIN) programme.

The Component Lead of GIZ-SEDIN, Oladoyin Olawoye, said that the school emerged first among 15 other schools in the agency’s SEA-HUB competition held in October 2022.

Olawoye said that the school presented products produced through innovative technological solution, with little or no capital.

According to her, SEA-HUB club engages secondary school students in activities that are predominantly entrepreneurship.

“It’s to enable the students run a mini business; to have an innovative mindset for solving problems within their local community.

“The idea is to catch them young so that when they leave school, they are better trained, experienced, being able to provide jobs and employment to job seekers.

“So, the idea is really to have an avenue for young students to find a path when they leave school.

“Meiran school was really impressive. Not only did they showcase multiple products; the school showcased innovative solutions, the students used innovative technology to solve problems, they have a remote controlled robot mopping machine.

“They also have a reusable, washable sanitary pad for the girls, and this is something that is really burdensome for young girls and their parents, to help afford sanitary pads for the lady,” she said.

Olawoye said the agency loved the social aspect; the innovative aspects that the students came up with, they made phone stands from PVC pipes, so it was really innovative thinking.

“We challenge them at SEA-HUB to start a business with little or no capital and once they start that business, once they make profit, they reinvest the profits and create other products,” she said.

According to Olawoye, with the donation of the lab cabin, the agency is expecting the students to come up with more innovative products and be employers of labour once they leave school.

Mr Abayomi Abolaji, Permanent Secretary, Lagos State Ministry of Education, said that the creative minds of the students had earned them the lab cabin.

Abolaji described the donation as a giant stride because the state government was particular about Public Private Partnerships (PPP), hence the need to engage more of such partnerships to develop the sector.

“One of the essence of education is to create humans, students that will have creative minds and ingenuity. So, what the students have demonstrated, has translated into GIZ giving them this cabin, so that they will be able to think more creatively and this will bring out the best in them.

“When we say children are future leaders, we are not thinking of the distant future, we are thinking of now. So, if they are to be our future leaders, we should be able to begin to instill those leadership qualities and skills into them.

“One of the strong points of this administration is to embrace private partnerships to ensure that we have more corporate organisations, individuals come in to contribute to the development of the state and of course education, particularly,” Abolaji said.

The permanent secretary commended the German Government for donating the cabin.

Mrs Omotayo Oshunaike, Principal of the school, said that the donation was an evidence of emphasis on cognitive learning.

She said: “The government has successfully exploited the three domains of learning, the cognitive, the affective, the psychomotor.

“Every child has a place in the curriculum. So children are being taught enterprenuership skills, risk taking, critical thinking and basic skills to start-off a business.

“So, I want to sincerely appreciate the SEA-HUB team for this innovation. I want to promise that we will not let them down.”

Sunday Okwuebulem, Managing Director, SEA-HUB Club of the school, appreciated GIZ-SEDIN for giving the students the platform and opportunity to showcase their innate talents.

The News Agency of Nigeria (NAN) reports that present at the event, were directors in the state Ministry of Education, teachers, students and top officials of GIZ-SEDIN.

Source: News Agency of Nigeria

Centre partners CLEEN Foundation on anti-corruption

The Centre for Media, Policy and Accountability (CMPA) is to partner with CLEEN Foundation in

implementing the Nigeria Anti-Corruption Performance Public Reporting (NAPPR) project funded by MacArthur

Foundation.

The Director of Communications, Outreach and Advocacy, Ibrahim Yusuf, disclosed this in a statement on Friday in Abuja.

Yusuf explained that during an advocacy visit to CLEEN Foundation office, the two organisations had agreed to work on the

Administration of Criminal Justice Act (ACJA) in a bid to prevent corrupt practices.

He quoted the Executive Director, CMPA Dr Suleiman Amu, as saying that the objectives of the project were revised to avoid duplication of responsibilities carried out by other Anti-Corruption Agencies (ACAs).

”ACAs do anti-corruption works focusing on fighting corruption in Nigeria. Researchers also believe that ACAs are engaged in the prevention of corruption and making policies to prevent or reduce corruption through detections and sanctions.

”But beyond this, CMPA observed, that what the ACAs think they are doing and what the public thinks they are doing is quite different.

”Based on this, CMPA identified a gap on how anti-corruption activities are reported by the ACAs and the public,” he said.

”NAPPR project aims to address this gap by designing a harmonised template for reporting anti-corruption by all the ACAs, civil society organisations and media organisations in Nigeria,” he added.

Responding, the Chief Executive Officer of CLEEN Foundation, Gad Peter said that the foundation was involved in monitoring corruption cases in courts, recovery of looted monies and judicious utilisation of the money

recovered.

”As an organisation working in the area of anti-corruption, I want to assure you of our support throughout the implementation phase of the project,” he said.

Others who spoke described the project as timely and commended CMPA for integrating the media and training components.

Recall that CMPA is an independent non-profit organisation with focus on anti-corruption, research, public policy analysis, transparency and accountability to strengthen social, economic and democratic governance in the country.

Source: News Agency of Nigeria

Minister advises young people to contribute to public safety

Minister advises young people to contribute to public safety Luanda – Angolan minister of Youth and Sports Palmira Barbosa advised Friday in Luanda young people to complement the service of police bodies in maintaining public security.

The minister said so at the conference on “The role of youth in public security”, having suggested the programming of awareness-raising activities, respect for laws and moral principles, as well as the reinforcement of the practice of denouncements.

She said that her Ministry, as the department responsible for public policies focused on youth, has contributed to maintaining security, with the implementation of national defence and public security courses for young people across the country.

She said that she has also been developing actions, in partnership with MININT, on road safety, in order to reduce road accidents.

The meeting, promoted by the Ministry of the Interior, is addressing topics such as: ““Reflection on the public security situation”, “Sexual aggression in a school environment”, “financial crimes in the digital world” and “youth and road accidents causes and consequences”.

Source: Angola Press News Agency (APNA)

President authorises construction of Gove-Chipindo-Cuvango power line

Angolan head of State João Lourenço has authorised the construction of the 220 kV electricity transmission line Gove-Chipindo-Cuvango, whose expenditure will cost more than 196 million euros.

The information, published in the Official Gazette, adds that the aforementioned power transmission line will have a length of 175 kilometers, including the respective substations, and refers to the Cassinga mining project.

The expenditure authorisation is contained in Dispatch number 99/23 of 9 May, which directs the opening of the Simplified Contracting Procedure for the implementation of the project, estimated at 196.7 million euros.

The contract will be in charge of the Turkish company Pak Yatirim Insaat Sanayi Ve Tcaret A.S, LCC, which was in charge of the project’s feasibility studies.

The Presidential Order authorises the Minister of Energy and Water, with the power to sub-delegate, to carry out decision-making acts and supervisory approval, including the preparation of procedural documents, the adjudication, celebration and signature of the contract with the Turkish company.

Source: Angola Press News Agency (APNA)

Minister urges young people to respect country authorities

Angolan minister of Interior Eugénio César Laborinho Friday in Luanda appealed to young people to respect the instituted authorities, avoiding insults and contempt.

Delivering his speech at the opening ceremony of the conference on “The role of youth in public security”, the minister regretted the fact that in recent times there have been some cases of disrespect against State authorities.

He quoted the example of popularization of the image and good name of public entities, as well as natural persons in terms of social networks.

In the field of public security, Eugénio César Laborinho called for the participation of all young people in social actions and strategies aimed at creating a harmonious and stable environment in the country.

“The future of our security depends on us, both national and foreign citizens, businessmen, politicians, religious, social activists and academics”, he underlined.

As for the debate on the theme of the meeting, the minister considered it a foundation for building a strong and cohesive society, based on diversity, difference and mutual respect.

In this context, he urged young people to refrain from taking justice into their own hands, as well as acts that put their physical integrity and their own lives at risk, such as the excessive use of alcohol, drugs, prostitution and feuds.

Participating in the conference on “The role of youth in public security”, secretaries of State, National Police commanders, MPs of the National Assembly and young people from youth movements.

Source: Angola Press News Agency (APNA)

Angola predicts increase of non-oil GDP more than three times by 2050

The Non-Oil Gross Domestic Product (GDP-NP) might grow 3.3 times, from USD 84 billion to USD 275 billion by 2050, with a population of the country estimated at 70 million inhabitants, according to the projections released by Angola 2050 Strategic Plan.

The plan presented Friday, called “Angola 2050- Long Term Strategy”, foresees that the Non-Oil Per Capita GDP will increase by around 1.2 times, from the current USD 3.067 to USD 4.215, with the support of non-oil exports which are expected to grow 13 times more, from USD 5 billion to USD 64 billion.

According to the Minister of State for Economic Coordination, Manuel Nunes Júnior, these projections bring about a paradigm shift in the country’s economic and financial system, where non-oil tax revenue is expected to grow by 56 percentage points (56 pp), from 32 to 88 pp.

In this period, GDP, currently standing at USD 122 billion, should reach USD 286 billion, which will represent growth of 2.4 times more and the Public Debt will experience a reduction of 6 pp from 66 to 60 percent over the GDP.

For the next 27 years, within the framework of Angola 2050, the life expectancy of Angolans will increase by six years, from 62 to 68 years of age, and the mortality rate, between five years, will decrease from 56 pp from 71 to 19%. Projections indicate that unemployment will fall by 10 pp from 30 to 20%.

In his speech, the minister of State said the Angola 2050 Strategy is based on five structural axes, namely “Valuing human capital”, “Strategic development of infrastructures”, Diversification of the economy, promotion of a sustainable ecosystem” and “Guarantee of a fair nation and equal opportunities”.

The process of public consultation of Angola 2050 – Long Term Strategy ends on June 12, 2023 in the province of Zaire.

On May 29 the process will cover the Angolan community in the diaspora.

The objective is to collect contributions from major public and private actors – collective and individual – with extensive experience and knowledge in the country’s different sectors of activity.

The document, with more than 400 pages, appears as a long-term strategic tool, as a basis for the preparation of the National Development Plan (PDN).

The ceremony to launch “Angola 2050-Long-Term Strategy”, was attended by Executive assistants, judicial magistrates, MPs the National Assembly, diplomatic corps accredited in the country, businessmen and members of civil society.

Source: Angola Press News Agency (APNA)

BoN disburses N.dollars 85.9 million in SME recovery loan scheme

The Bank of Namibia (BoN) has disbursed N.dollars 85.9 million worth of loans in the re-launch of the Small Medium Enterprise (SME) Economic recovery loan scheme.

A statement issued on Friday by the bank’s director of communications and international relations, Kazembire Zemburuka, said the re-launching of the scheme was in response to economic challenges faced by SMEs due to the COVID-19 pandemic.

“The SME economy recovery loan scheme is starting to play a significant role in supporting the growth and sustainability of SMEs in Namibia,” said Zemburuka.

He said that since the re-launch the scheme has attracted applications from 200 SMEs countrywide.

Zemburuka explained that BoN is the latest institution to offer the scheme for its existing clients.

The loan scheme involves the allocation of N.dollars 500 million to eligible SMEs and SMEs can seek loans from N.dollars 50 000 to N.dollars 10 million.

Zemburuka added that the loans are disbursed at a rate equivalent to the current prime lending rate, with a reduction of 50 basis points and less stringent conditions.

He concluded that 80 out of the 200 SMEs that have submitted their applications have been granted loans, while the remaining 120 applications are undergoing review.

Source: The Namibian Press Agency