Caribbean CBI countries rank high once again in 2023 World Citizenship Report: CS Global Partners

London, June 09, 2023 (GLOBE NEWSWIRE) — Caribbean nations with Citizenship by Investment schemes ranked in the top 30 per cent of this year’s World Citizenship Report. The Report measures 188 countries across five motivators deemed as most relevant among the mass affluent – Safety and Security, Economic Opportunity, Quality of Life, Global Mobility and Financial Freedom.

This year, St Kitts and Nevis kept its position of 48th out of the 188 countries while Grenada (49), Antigua & Barbuda (50), the Commonwealth of Dominica (52) and Saint Lucia (53) followed closely behind.

The Caribbean is considered the cradle of investment immigration due to the high concentration of countries that offer CBI programmes in the region.

Caribbean nations are becoming investment hubs in the global arena, offering attractions such as safety, lucrative financial diversification options and idyllic lifestyles that make them desirable places to take up second citizenship. For example, all the Caribbean nations hosting CBI programmes are members of the Caribbean Community (CARICOM) which is committed to promoting and supporting a unified Caribbean community that is inclusive, resilient, and competitive to share in economic, social and cultural growth.

These CARICOM members have also pledged to continue to be vigilant in managing the threats to sustainable development in the region.

This includes implementing initiatives that attract foreign direct investment, ensuring that the region is not perceived as high risk by investors, lobbying against the proposed global minimum corporation tax and continuing to build relations with the OECD (Paris-based Organization for Economic Cooperation and Development) and European Union.

For example, earlier this year, heads of state from all five Caribbean nations offering citizenship by investment programmes met with several US government officials to discuss ways to enhance security and due-diligence checks which will minimise any potential risks of the various CBI programmes on offer.

Prime Ministers from St Kitts and Nevis, Antigua & Barbuda, Saint Lucia, Dominica and Grenada were all in attendance, alongside the heads of each nation’s Citizenship by Investment Units (CIU). The meeting, which was led by the Assistant Secretary of the US Department of the Treasury had some positive outcomes and all nations agreed to follow six processing principles which were suggested by the United States, including:

  • The suspension of processing for Russian and Belarussian applicants in all five nations.
  • Introduction of application interviews, either in person or via virtual interview.
  • Non-processing of applications of people who have previously been denied visas in other countries.
  • Conduct regular audits either annually or bi-annually in line with international standards.
  • Introduce additional due-diligence checks to be made through each nation’s Financial Intelligence unit.
  • Retrieval by law enforcement of all revoked passports

This year’s World Citizenship Report found that high-net-worth individuals (HNWIs) and the mass affluent are in search of greater freedoms, and in preparing for the future, they want to have more control over their freedoms.

This group of HNWIs and mass affluent are securing these freedoms by ensuring that they have a second home through residency and citizenship programmes.

For decades countries like the US, Canada, the UK, and France were attractive destinations for many who wanted to migrate. However, those popular countries are all struggling, both financially with threats of a recession and high inflation, as well as experiencing civil unrest in the form of protests and strikes. The mass affluent and HNWIs have begun to look for alternative destinations as a bolt-hole for future crises, countries that offer the freedoms that are lacking in their home nations.

Caribbean nations have been offering precisely this for decades – Dominica ranked the safest and most secure Caribbean CBI nation, and all five countries were almost equal in terms of economic opportunity.

Small island nations are ensuring their prosperity and sustainability through CBI programmes which continue to be a viable way for Caribbean nations to attract foreign direct investment into their economies which is then used for significant developmental projects.

Dominica’s construction of a geothermal plant, another tangible example of how the nation is moving away from fossil fuels in order to become a greener economy, was made possible by the revenue from CBI.

The nation of St Kitts and Nevis is following suit, also moving away from fossil fuel. St Kitts and Nevis has taken the seriousness of its CBI programme one step further by instituting innovative and industry-first regulation that will not only enhance the programme’s international reputation but will also ensure that international investors and citizens alike benefit from a safe, secure, stable and economically prosperous nation.

The inflow of funds to the private sector has had a noticeable impact on the economic activity of island nations, in many instances improving fiscal outcomes, facilitating debt repayment and spurring economic growth.

Caribbean nations continue to be politically and economically stable, with a low crime rate and rich investment opportunities – therefore solid investment options for those looking to attain freedom.

The World Citizenship Report is published by CS Global Partners, a leading investment migration advisory firm.

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Chantal Mabanga
CS Global Partners
+44 (0) 207 318 4343
Chantal.Mabanga@csglobalpartners.com

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Namibian Government Approves Culling 86,000 Seals

This year’s Cape fur seal culling along Namibia’s coastline is set to begin July 1 – a harvest that’s done onshore for population control.

The seal population, according to the country’s Ministry of Fisheries and Marine Resources, stands at 1.6 million and is made up of 26 colonies. The ministry has issued a quota for the harvesting of 80,000 pups and 6,000 bulls this year.

The annual harvest is usually met with controversy because of the methods used in the culling of seals. Pups are clubbed over the head, while the bigger bulls are shot with rifles.

The culling method has raised ethical concerns among environmentalists, but authorities say the population must be thinned to maintain fish stocks in the ocean. Seals are estimated to consume 2 million tons of fish per year.

Environmental advocate Dirk Heinrich told VOA that the seals are not to blame for the depletion of the fish stocks. Overfishing in Namibian waters for profit is the cause, he said.

“It seems that some people lose some money, and then the best culprit is another animal, and then we kill that animal and make it less and try to make money out of it,” he said. “In that way, we actually destroy our whole ecosystem.

“We should rather look at us, the humans. Are we concerned, especially we Namibians, are we concerned about conservation and the natural or sustainable utilization of natural resources, or are we looking at dollars only?”

Seal products

Fisheries Ministry spokesperson Uaripi Katjiukua told VOA the seals feed mostly on noncommercial fish stocks, such as gobies. She also explained what is done with the culled seals.

“The seal products include the skin, the meal, oil, and dry genitals meat,” she said. “These products are demanded both in the local and international markets.”

The seal harvesting is overseen by Ministry of Environment officials alongside those of the Fisheries Ministry. Romeo Muyunda, spokesperson for the Environment Ministry, said, “If you let that [seal] population grow, then indeed it is that population that is going to consume commercial amounts [of fish], and we don’t want it to get to that level.” The population needs to be maintained at a level that the ecosystem can support, he said.

Twenty-seven countries worldwide, including the U.S., Mexico and South Africa, have banned imports of all seal products. In 2019, the European Union banned all imports of seal products, citing animal welfare and the culling methods.

Namibian seal products are exported mainly to Asian markets. Seal penis is a delicacy in China.

Source: Voice of America

Gab taxi drivers to enjoy group life medical, accident insurance

A Nigerian company, E. F Network Limited, Owners of Gab taxi, an indigenous e-hailing application, has introduced a comprehensive Group Life Insurance coverage, accidents and medical benefits for its drivers.

Mr Gideon Egbuchulam, Chairman and CEO of E.F Group, disclosed this in an exclusive interview with the News Agency of Nigeria (NAN), on Friday, in Abuja.

Egbuchulam was responding to questions on Gab taxi’s package for drivers following the 72 hours strike, embarked upon by the Amalgamated Union of App-based Transport Workers of Nigeria (AUATWON).

The AUATWON, which represents drivers on the platforms of e-hailing companies such as Uber and Bolt, are protesting the increase in commission by 25 to 30 per cent by these foreign app-based enterprises.

According to the Union’s statement, this falls short of the union’s demand for a 200 per cent boost and a 50 per cent drop in commission, provoking a 72-hour strike which began on Wednesday.

The e-hailing drivers embarked on the strike action with the intention of getting the sector operators to reach a dialogue with them over challenges confronting their operations.

Accordingly, the union said the dispute was necessary to understand what constituted fair charges in response to the recent hike in the pump price of petrol.

Egbuchulam said he was thrilled to announce to all Gab taxi drivers, a significant enhancement of the commitment to their welfare and security, as part of the Gab taxi family.

“We have partnered with a renowned insurance company to bring you a comprehensive Group Life Insurance Policy that offers substantial benefits designed to protect you and your loved ones,” he said.

According to him, with this new insurance coverage, Gab taxi drivers will enjoy numerous benefits.

Egbuchulam mentioned these benefits to include; N1, 5million death benefits whereby, in the unfortunate event of untimely passing, drivers’ nominated beneficiary would receive a substantial financial benefit as support.

He also said a N750,000 temporary and permanent disability fund, had been set aside to cater for any driver who encountered either temporary or permanent disability as a result of accident, to help them through the recovery process.

Another insurance policy was a N250,000 allotted to critical illness, which would be deployed to ensure that drivers had access to the necessary funds for treatment and care.

The Chairman further mentioned a N100,000 medical support to address health relating issues welfare of all Gab taxi drivers.

“This policy provides coverage or medical expenses, ensuring that drivers have access to quality healthcare when needed.

“We understand that safety and peace of mind are of utmost importance, hence we are proud to offer this comprehensive insurance coverage exclusively to our dedicated drivers.

“This insurance package is an additional benefit that comes with being a Gab Taxi driver, emphasising our commitment to their welfare,” Egbuchulam said.

He stated that by providing this insurance coverage, E.F Group had taken a significant step towards building a supportive community and fostering a sense of security among Gab taxi drivers.

He noted that the drivers hard work and dedication contributed immensely to the success of Gab Taxi, therefore, it was their priority to ensure that drivers had the protection they deserved.

Reacting to allegations that some of these foreign e-hailing companies were using agents in their operations instead of duly registering drivers, just to evade tax on their revenue, Egbuchulam said this was regrettable.

He, however, said that was precisely the reason that Gab taxi was born; to correct the many the ills meted out to Nigerian drivers.

“So, instead of protesting, let Nigerian drivers join Gab taxi, we met 100 per cent of their demand when others did not,” he said.

The News Agency of Nigeria (NAN) reports that E.F Network Limited, a Nigerian company, on May 15, lunched Gab taxi, an indigenous e-hailing application, tagging it the best local content and lowest commission for drivers. (NAN)(www.nannews.ng)

Source: News Agency of Nigeria

TEXEM UK congratulates Director, Goodluck Jonathan Foundation on prestigious Yale Fellowship

TEXEM UK, a leading consulting organisation dedicated to promoting excellence and societal development, has celebrated her alumnus Ann Iyonu, the Executive Director of the Goodluck Jonathan Foundation.

According to a statement on TEXEM’s website, Iyonu is congratated on being selected as one of the 16 prestigious Global Yale Fellows.

The recognition is a testament to Ann’s outstanding contributions to humanity and exemplary societal leadership, the statement from TEXEM’s Director of Special Projects, Caroline Lucas announced.

Ann Iyonu participated in and completed the TEXEM executive development programme, Building Resilient Organisations for sustainable success, which held between Aug. 22 and Aug. 24, 2022, in Birmingham, UK.

The Maurice R. Greenberg World Fellows Program at Yale University is renowned for its commitment to fostering global leadership and promoting internationalism.

As a core element of Yale’s ongoing dedication to nurturing leaders who can drive positive change worldwide, the programme has become synonymous with excellence and impact.

Thus, Iyonu’s selection as a Global Yale Fellow is a momentous achievement for Nigeria and the continent of Africa for recognising her remarkable achievements, strategic leadership and unwavering commitment to making society a better place.

Throughout her career, Iyonu has consistently displayed initiative, resilience, dynamism, and a vibrant spirit that has propelled her forward in her endeavours.

Her exceptional dedication to helping society and unwavering support for security, good governance, democracy, and societal betterment make her an outstanding leader.

While attending the TEXEM programme, she actively participated and portrayed impressive emotional intelligence and ability to think critically, infectious drive, commendable capacity to multitask and inestimable capability to inspire.

“TEXEM UK firmly believes that this prestigious global recognition will serve as a catalyst, inspiring Ann Iyonu to continue her remarkable work and make an even more significant impact on society.

“With this fellowship, Ann has been bestowed with an extraordinary opportunity to expand her influence, network, and knowledge, further empowering her to drive positive change on a global scale.

“Ann’s selection as a Global Yale Fellow reflects positively on the Goodluck Jonathan Foundation, an organisation dedicated to advancing democracy, good governance, and peace across Africa,” the statement affirmed.

It says her accomplishments highlight the Foundation’s commitment to fostering leadership and excellence in the service of humanity.

Dr Alim Abubakre, Founder of TEXEM, UK, says “that this global recognition of Ann Iyonu for her sterling qualities, impressive potential, and the positive difference she makes and will make in the future is a call for more service to humanity.

“Ann exemplifies the principle that hard work, dedication, altruism and societal leadership will always result in an enduring legacy.

“We hope her success thus far will spur her to do more and inspire others to emulate her”.

The statement elaborates that as Iyonu embarks on the prestigious fellowship journey starting in August, TEXEM UK cheers her on, offering unwavering support and encouragement.

Source: News Agency of Nigeria

NAFDAC seals warehouse with goods worth N1.9bn at Idu, Abuja

The National Agency for Food and Drug Administration and Control (NAFDAC) has sealed a warehouse containing goods worth N1.9 billion in Idu, an outskirt of the Federal Capital Territory (FCT).

Mr Bubuchiki Godiya, a member of the Federal Taskforce and Investigation, Enforcement Directorate, NAFDAC, who disclosed this on Friday, said the agency received an allegation concerning feed avenue that was producing animal feeds.

Godiya said that the agency on receipt of the allegation sent its staff to the warehouse for confirmation.

He added that the team was shocked by their findings on getting to the warehouse, because it was discovered that goods were being manufactured there.

According to him, the revelations show that most of the goods are expired.

He said “what we saw verified the allegation as the company had been carrying out funny activities at the warehouse.

“In the manager’s office, we saw some pressing iron, sailing thread and several other items for re-bagging feeds.”

Godiya said that on interrogation, the manager could not explain what the items were used for as he claimed the products were imported from France.

He also said that aside the discovery, the goods had expired, some labels were also observed to have been removed and replaces with new ones.

“We saw many newly printed labels in the manager’s office; the manager said he had no answers to questions he was asked, as some products he said were produced in Nigeria had no label or NAFDAC number.

“We will investigate this and must get to the root of the matter. When you go to a place and you see scaling machine, pressing iron, coding machine, one will understand that things are being manufactured there,” he said.

The task force member disclosed that on inspection of the facility, the team discovered that the place was a warehouse, and not even a factory for production.

He said that the team had sufficient evidence and further regulatory action would be taken against the company.

Meanwhile, Mr Daniel Ajayi, the warehouse manager, claimed not to be aware of other activities, saying his responsibility is to sell poultry products.

He claimed that the new empty bags and other things in the warehouse were to re-bag any damaged product.

Mr Umaru Suleiman, the Team Leader of the Federal Taskforce Investigation and Enforcement Unit, Kaduna, whose jurisdiction covers the entire North, including Abuja, said that the warehouse had all it takes to repackage any product.

Suleiman explained that “the company buys expired products and re-bag them and sell to customers.”

According to him, even if a product is registered, it should be evaluated immediately it expires.

“Expired products should be quarantined in a particular place, so as not to contaminate others.

“If it is imported from France as he claimed, there is what we call import permit for products like this and it will be written on the labels.”

The News of Agency of Nigeria (NAN) reports that the warehouse had been sealed and the manager arrested.

NAN also report that the warehouse has no notice board and it is in the premises of Bouygue Construction, Nigeria.

Source: News Agency of Nigeria

Nigerian foods: Collaboration will boost global recognition – Obasanjo

Mr Oludayo Obasanjo, Executive Director, Marketing and Development, Obasanjo Farms Nigeria Ltd., has called for concerted efforts to promote Nigerian foods globally.

Obasanjo told the News Agency of Nigeria (NAN) in Lagos on Friday that this could be achieved by highlighting unique qualities and health benefits of Nigerian food.

According to him, repositioning Nigerian foods for global accessibility requires patriotism from government, individuals and stakeholders.

He said that Nigeria, with a population of more than 200 million people was a desired destination for many manufacturers in the world.

He also said that Nigeria must leverage this strength to improve local production to meet demands for food as well as exports to other countries.

“Nigerian foods are diverse and rich with a variety of traditional dishes that are both healthy and delicious.

“However, Nigerian foods are not well known globally like the Chinese or Indian foods.

“Nigeria has a large population in the diaspora, our exports to the United States and Europe can begin with Nigerians and other Africans as target consumers,” he said.

Obasanjo said that it was sad that Nigeria had not been able to meet local demand for food in its various processing stages, adding that the country still depended majorly on importation of ultra-processed food.

He said that it was also saddening that the little exports the country managed to send out were being rejected.

Obasanjo said that recently the National Agency for Food and Drug Administration and Control (NAFDAC) said that more than 70 per cent of food exported from Nigeria were rejected abroad.

He said that was a great loss considering the amount of money spent on exporting those foods.

Obasanjo urged the food sector to wake up and be more efficient, noting that even the minimally processed foods such as chicken were still being smuggled into the country.

“This has significantly impacted the local industries negatively and consequently its poor per capital income and low Gross Domestic Product (GDP).

“It is important to mention that most of these imported foods fail basic health and nutritional tests.

“Most imported processed foods have been found to be predisposed to health challenges such as cancer, heart diseases, hypertension and high cholesterol particularly the low density lipoprotein among others,” Obasanjo said.

He said that institutions like the Nigerian Institute of Food Science and Technology (NIFST) must collaborate with government agencies such as NAFDAC and other bodies to discourage the influx of imported foods especially the unhealthy ones.

Obasanjo also urged NIFST to partner with the newly established African Quality Assurance Centre (AQAC) Laboratory in Ogun to ensure that made-in-Nigeria products, consumed within and outside the country, met the required safety standards.

He said this would enable Nigerians to export African products with full compliance requirements, other applicable standards and technical regulations within international markets.

Obasanjo said this would also increase the acceptability and visibility of made in African products in the international market.

He noted that it was also essential to leverage social media for promoting Nigerian food products to the global audience.

According to him, sharing videos and photos can exhibit the beauty, diversity and nutritional value of our foods.

“We need to embrace innovation and foster the spirit of partnership to make our economy grow. Agriculture is the future of Nigeria,” Obasanjo said.

Source: News Agency of Nigeria

Fuel Subsidy: Finance Commissioners want all accruals put into Federation Account

Forum of Commissioners for Finance of Nigeria has called on the Federal Government to ensure that all accruals from the removal of fuel subsidy go to the Federation Account.

Outgoing Chairman of the Forum, Mr David Olofu made the call at a valedictory session for outgoing State Commissioners for Finance held in Abuja on Friday.

Olofu is also the immediate past Commissioner for Finance and Economic Planning, Benue State.

While commending President Bola Tinubu on the removal of subsidy, Olofu said, as finance experts, the Forum, like other Nigerians, had long yearned for it.

“We will like to sincerely commend the President for having that political will to do that, first day in office.

“That is what we had been yearning for. He came, his first day in office, he was able to achieve that which we have always asked for”, Olofu said.

On how the President should manage the funds from subsidy, Olofu said that the Constitution provided for all federation revenues to go into the federation account.

“Nobody has any authority whatsoever to deduct any amount from federation revenue.

“So, I will align myself with the position of the Constitution and recommend that all the accruals go into the federation account and let it be disbursed from the federation account”, he stressed.

He said, however, the Federal Government should come up with policies and programmes that could address the challenges Nigerians are currently facing as a result of increase in the pump price of fuel due to the removal of subsidy.

“I believe that the President has the capacity and knowledge to be able to do that decisively.

“He has already started it by proposing a wage increase for workers but that has to be done alongside with sub-nationals, because the sub-nationals have the bulk of civil servants in this country.

“I believe he is on track but, apart from wage increase, we also have to look at issues of infrastructure because we believe strongly that if we can wrap up infrastructure in this country, it will also help to improve the living standard and bring down the cost of living.”

Olofu appealed to Nigerians to be patient saying, the long term benefit of what has been done by the President far outweighs the short term pains people were going through.

For the incoming Chairman of the Forum, Wale Akinterinwa, he commended his predecessor, saying that Olofu did a very good work while leading the forum.

“He has actually elevated the forum to a much higher level than he met it. Be that as it may I will try to ensure that I continue from where he stopped.

“I will continue to sustain the good relationship he has created with all the revenue generating agencies such as the Ministry of Finance and the Office of the Accountant General of the Federation”, he said.

Akinterinwa who is the Commissioner of Finance Ondo State, reiterated that the removal of fuel subsidy was an over due issue.

His words: “I commend the President for having the courage to immediately remove the fuel subsidy as he was sworn.

“Well, we are going to feel the pain we are feeling in the short run but in the long run, it is in the best interest of everybody.”

Mohammed Shehu, Chairman, Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), on his part, commended the forum on efforts at taking the issue of federation account very seriously.

“We hope that as the years go by, the agitation on federal might or federal imposition on a lot of things would become a thing of the past.

“This is an opportunity for states revenue mobilisation and all other agencies to collaborate in the area of increasing internally generated revenue of states and diversification of the economy”, he said.

He also said that the removal of fuel subsidy was good for the economy.

Shehu urged states to ensure that the monies that were eventually going to the states should be put to use properly so that “we can run a very good federation and create opportunities for jobs for Nigerians.”

Special Guest of honour at the event, the Governor of Jigawa, Umar Namadi tasked the forum to build on the legacy of the outgoing chairman saying that he brought a lot of innovation and professionalism to the organisation.

He was a former Commissioner for Finance Jigawa and immediate past Deputy Governor of the state before becoming the present governor.

Shehu said that removal of fuel subsidy was a bold step taken by the President.

The News Agency of Nigeria NAN reports that the event was attended by the Accountant General of the Federation, Mrs Oluwatoyin Madein and representatives of Central Bank of Nigeria (CBN) and Federal Inland Revenue Service (FIRS).

Source: News Agency of Nigeria

AU Ambassador reiterates commitment to peace, security issues

Angolan ambassador to Ethiopia and Permanent Representative to the African Union (AU) Miguel Bembe Friday in Kigali (Rwanda) reiterated the country’s commitment to the issues related to peace, security and reconciliation at the level of continental organisation, ANGOP has learnt.

The diplomat was addressing a debate on the Peace and Security Council (PSC) of this institution, ahead of Retreat of the Permanent Representatives Committee (PRC) taking place in Kigali, Rwanda, on 08-12 June, states a press note from Angolan

Embassy in Ethiopia.

The diplomat spoke of the need to focus on the PSC and stressed its role as the permanent decision-making body of the AU, at a time when the five regions of the continent face worrying situations of conflicts, terrorism, and, in some cases, the respective States insist on unconstitutional change of regime.

Miguel Bembe also reiterated the need to focus on prevention and considered it pertinent to strengthen the CPS’s capacities, in human and financial resources, as well as to consolidate coordination with the Regional Economic Communities/Regional Mechanisms (CER/MR).

The commitment is in line with the subsidiary and complementary principles set out in the African Peace and Security Architecture (APSA), in addition to valuing strategic information.

In his speech, the ambassador also referred to the importance of effectively applying the recommendations presented in the consultants/experts’ report, taking into account their impact on the performance of the PSC and fulfillment of its mission at the service

of peace, security and development of the continent.

Running until the 12th, the event addresses aspects related to the institutional reform of the continental organisation and the implementation of Agenda 2063, called “The Africa we want

Source: Angola Press News Agency (APNA)

Angolan government pledges to provide adequate housing

Angolan government has pledged to provide adequate housing with universal access to basic services, such as energy, water and sanitation, transport, schools, employment, health care, green spaces and infrastructure financing.

The pledge come from the Permanent Representative of Angola to the UN Offices in Nairobi, Sianga Abílio, who said that the commitment also entails Angola’s active participation in the broad, inclusive and effective multilateral system.

In his speech, delivered Thursday at the Plenary Session of the United Nations Human Settlements Programme (UN-HABITAT) Assembly, the diplomat spoke of the urgent need to deal with the global crisis.

Sustainable Urban Development has the potential to address many of the current challenges and is crucial in global efforts to rebuild better, stronger, greener and safer prosperity.

In his speech, he said he believes that the implementation of the New Urban Agenda can contribute to the location of the 2030 agenda, in sustainable development in an integrated manner, as well as to the achievement of the Sustainable Development Goals.

“I believe that the implementation of the New Agenda will make cities and human settlements inclusive, safe, resilient and sustainable”, he advanced.

The UN-HABITAT Assembly, held in Nairobi, is attended by 5,500 delegates, representing 193 countries.

The event addresses various matters under the responsibility of this body, with emphasis on universal access to affordable housing.

Member States are being encouraged to explore mechanisms to achieve the universal right to adequate housing and to move towards the removal of existing barriers to affordable housing

Source: Angola Press News Agency (APNA)

Paulo Madeira re-elected president of FIBA Africa Zone VI

Angolan Paulo Madeira was re-elected Thursday as president of FIBA Africa Zone VI for the 2023/27 term during the General Assembly of the governing body of basketball in the African continent.

With this vote of confidence by the National Federations, the former head of the Angolan Basketball Federation is part of the Central Bureau of FIBA Africa, having also a seat in the International Basketball Federation (FIBA).

Paulo Madeira was first elected in 2019 in the Malian capital, Bamako.At the time, he replaced the Mozambican Aníbal Aurélio Manave at the helm of this African basketball institution

Source: Angola Press News Agency (APNA)

Minister promises to regularise petrol card situation

Newly appointed Minister of State for Economic Coordination José de Lima Massano promised Friday to work hard to ensure the delivery of gasoline cards to subsidise the current price of 300 kwanzas per litre.

The official made the pledge after he was sworn in by the President of Republic João Lourenço.

He pledged to work with the financial system to ensure that the fuel cards reach the officially licensed taxi and motorbike taxi operators.

“We will do our best so that the benefit that has been set can effectively benefit the citizens,” said the Minister.

He also said working on better handling the economic reforms underway in the country to a “good conclusion” will also depend on the support of the entire business community, the other economic agents and citizens.

Massano said the government has set of responsibilities to ensure that the inflation targets are fulfilled.

“We have the Central Bank with the primary responsibility. But there is still a set of deficiencies of a structural nature that are of the Government’s responsibility,” he stressed.

He also stressed the Government role to effectively, in view of scant resources, to ensure the price stability and thus create conditions to preserve income and protect the people’s living quality.

Profile of the new Minister of State for Economic Coordination.

José de Lima Massano was governor of the National Bank of Angola (BNA) between October 2010 and January 2015. He was previously chairman of the Executive Committee of the African Investment Bank (BAI).

José Massano holds a Master’s Degree in Management and Auditing from the City University of London and a Degree in Economics from the University of Salford, Manchester, England

Source: Angola Press News Agency (APNA)

Optimist national team gear up for World Championship

Angola National Optimist sailing team, the current African champions, are preparing for the 2023 Optimist World Championship to be held from June 15 to 25 in Barcelona, Spain.

The five sailors, who won the African champion title in Morocco in May, are expected in competition stage on Sunday.

In addition to the coach, Moisés Camota, the athletes include Vitoria Camota, Augusto Amaro, Carlos Jamba, Francisco Cândido and Laureano Simão, all belonging to Clube Naval team.

This is the first time the country is being represented by more athletes in the last six years.

In 2016, Angola was represented only by Osvaldo da Gama.

The event will bring together more than 50 countries

Source: Angola Press News Agency (APNA)

Capricorn Private Wealth recognised as best private bank in Namibia

Capricorn Private Wealth (CPW) secured the Best Private Banking Brand award in Namibia for 2023 at the 11th edition of the Global Brand Awards.

The Global Brand Awards are an annual event hosted by Global Business Magazine, a journal based in the United Kingdom that recognises global businesses’ achievements across multiple sectors.

Every year, Global Business Magazine creates awards for companies that stand out in their sector by providing great service, creative solutions, and consumer-centric products.

Capricorn Private Wealth’s Executive Officer, Chris Matthee in a press release on Thursday said the awards constituted an external research team to evaluate the nominees for its Banking Awards category.

As a result, the Global Brand Awards said Capricorn Private Wealth was selected from a competitive group of entrants, all demonstrating exceptional service delivery towards evolving banking sectors, he said.

Matthee said CPW was awarded this honour for its outstanding commitment to innovation, quality, branding activities, and customer service and performance.

“Over the years, we have understood the various needs of our high-net-worth and high-income clients. We have learnt the importance of treating each customer individually, each with unique needs and expectations. We also know that our clients expect to be treated fairly and with complete transparency,” he noted.

Fouché Brand, Executive Officer for Wealth at CPW, added that this holistic yet individualised approach to banking and wealth management is unique to Namibia.

“We are proud of our offering and invite prospective customers to join us on this exciting new journey,” he said.

Capricorn Private Wealth was established in 2017 to offer the Namibian market private banking and wealth management services.

The Brand Awards highlight the accomplishments of organisations that have performed remarkably well in areas including finance, education, hospitality, automotive, lifestyle, education, real estate and technology.

Source: The Namibian Press Agency

Tjongarero wants gold from Special Olympics team

Minister of Sport, Youth and National Service, Agnes Tjongarero has called on the Namibian team competing at the upcoming Special Olympics World Games to bring home silverware.

The 2023 Special Olympics World Games are scheduled for Berlin, Germany, from 17 to 25 June, with over 7 000 Special Olympics athletes and Unified partners from approximately 170 countries competing in 24 sports codes.

Team Namibia will compete in three sport codes: unified 3×3 basketball, athletics and cycling.

Speaking during the sending-off ceremony held here on Thursday, Tjongarero said she is confident that the athletes will make the nation proud by bringing home gold medals, just as the female unified football team did in the United States of America in 2022.

“We are proud of you, your achievements are commendable, and the same applies to the coaches. Thank you for taking out the time to nurture our athletes’ talents in flying Namibia’s flag high. We look forward to your participation in the World Summer Games in Berlin,” she said.

Tjongarero added that the Government of Namibia through the Ministry of Sport, Youth and National Service availed funds to the tune of N.dollars 1.03 million to ensure that the athletes will compete at such an international competition.

“The Special Olympics World Games are an outstanding example of inclusion in action, putting people with disabilities and their sporting skills firmly in the limelight. Today we are very excited to see people with and without disabilities participating in sport,” she said, adding that even though the country went through economic hardship due to COVID-19, the Namibian Government through the ministry has continuously ensured that inclusive sports remained their top priority.

Special Olympics Namibia National Director Emilia Nzuzi, while speaking at the same occasion, gave her assurance that the team travelling to Germany has prepared well and will make the nation proud by winning.

Source: The Namibian Press Agency

Seibeb calls for removal of non-resident councillors

Member of Parliament (MP) Henny Seibeb on Thursday questioned the actions of the Minister of Urban and Rural Development, Erastus Uutoni, for not removing non-resident councillors, even after he was legally advised to do so.

During a Parliament session on Thursday, Seibeb accused Uutoni of breaking the Local Authority Act by not removing Swapo councillors who do not permanently reside in the respective towns where they were appointed as councillors.

He gave the example of Fabiam George, chairperson of the Ongwediva Town Council management committee who is also employed full-time in Okakarara, which is 560 kilometres from where he is appointed as a councillor.

The Local Authority Act states that councillors should reside within the town where they are appointed as a councillor.

The MP asked the minister why he ignored the legal advice given to him by Attorney-General Festus Mbandeka in January 2019, informing him to remove such councillors, specifically, councillor George.

Seibeb said Uutoni has been overlooking these “wrongdoings” and asked the minister to explain what steps the ministry has taken to rectify the problem.

On the same day, the Minister of Urban and Rural Development was asked by MP Maximalliant Katjimune why he has not yet tabled the Rent Control Bill in Parliament.

He stated that the Rent Control Bill will regulate rent prices in Namibia, as well as handle and investigate complaints between tenants and property owners.

Katjimune added that the average wages do not compare to the rent rate in the country and that most Namibians could simply not afford to buy property, let alone rent.

The MP asked the minister to state when it can be expected to see this Bill tabled in Parliament.

These questions will be addressed in Parliament on 15 June.

Source: The Namibian Press Agency