Vice-President works in central Huambo

The Vice-President of Angola, Esperança da Costa, arrived Wednesday in central Huambo province for a three-day working visit, as part of the privileged monitoring of the General Education, Higher Education and Environment sector.

The Vice-President’s agenda includes visits to the Center for Tropical Ecology and Climate Change (CETAC) and to higher education institutions, with emphasis on the faculties of Veterinary Medicine, Economics and Law.

According to the local government programme, Esperança da Costa is expected to assess the operating conditions of the Huambo Municipal Hospital and the Vocational Training Center of the Benguela Railway (CFB), ANGOP has learnt.

It also includes an update presentation on Road and Traffic Planning in the province, a visit to the Girls and Women in Science Fair and a meeting with the academic class.

The Vice-President is scheduled to visit strategic social and economic sites and meet with rural women.

With a territorial extension of 35,771 square kilometers and a p
opulation density above 2.6 million inhabitants, Huambo is located in the central region of the country made up of 11 municipalities, 37 communes and 3,387 villages.

Source: Angola Press News Agency

Urban planning : ‘I am committed to Africa’ invites 20 young people to work on secondary cities

JMA was founded two years ago with the aim of creating a new generation of experts and entrepreneurs committed to Africa. Has it achieved its goal?

Whether we come from the diaspora or not – I myself grew up in Morocco before studying in France – we all share the desire to contribute to the development of our continent. Since our launch, things have moved very fast. We have offices in the 5th arrondissement of Paris, 3 employees, 2 trainees and lots of projects! Our aim is to rethink the future of public policy and make a positive impact for an excellent and successful Africa, inspired by the goals of sustainable development.

Today you are presenting your 6th publication, ‘New Voices – Young Architects of Tomorrow’s African Secondary Cities’. How did you go about writing this book, written with 60 hands?

Last May, we launched the first JMA residency, a program designed to encourage young people’s civic participation and strengthen their influence with public and private decision-makers. We put out a ca
ll, received around a hundred applications and selected 20 young people. For three months they took part in training, debates and reflection on key development issues. First online, then at a feedback event on September 19 and 20 at the Innopolis fair in Paris. This book is the result of all this work. We propose a reflection on the attractiveness of three African cities: Aneho (Togo), Ben Guerir (Morocco) and Abomey-Calavi (Benin) under four main headings: ‘Living’ for successful urban industrialization, ‘Receiving’ for the development of the tourism sector and sustainable housing, ‘Moving’ to promote sustainable and clean mobility, and finally ‘Reinventing’ for more sustainable and better connected urban governance. This first book is a public contribution and not for sale.

What impact should it have? To influence public policy…

Obviously, the aim was to provide public officials with as concrete a set of proposals as possible. With ideas for funding. Then it was up to them to take them up! The young peopl
e met with representatives from Climate Chance, the French Development Agency, the French Institute for Solar Energy and New Energies and the Global Fund for Cities Development, among others, to refine their opinions. Most importantly, they initiated a dialogue with public and private decision-makers in the three cities to identify local opportunities and challenges. For example, they met with the Mayor of Aného (Togo) to discuss the city’s aspirations and needs in terms of tourism, the environment and youth employment, to provide input for their recommendations and to stimulate a multi-stakeholder dialogue to ensure the success of this mission.

Source: Africa News Agency

Regional bodies play important roles: !Gawaxab

Bank of Namibia (BoN) Governor, Johannes !Gawaxab, has emphasised the important role regional bodies play in dissecting key lessons from crises, anticipating threats before they occur, and reinforcing regulatory frameworks to enhance preparedness.

Such bodies, according to the governor, include the Council Meeting of the Committee of Insurance, Securities, and Non-Banking Financial Authorities (CISNA), which forms part of the Directorate of Finance, Investment, and Customs of the Southern African Development Community (SADC) Secretariat.

CISNA’s mandate is to ensure that the non-bank financial services regulatory frameworks are harmonised and comply with the best international practices, standards, and principles as set by the relevant international standard-setting bodies.

‘Domestic savings form the bedrock of economic growth, providing the resources needed for investment. Within the financial landscape, the non-banking financial institution (NBFI) sector holds considerable importance, accounting for
a substantial portion of assets within the financial sector,’ he expressed.

!Gawaxab made these remarks at the opening ceremony of the 46th General Council Meeting of CISNA in Swakopmund on Tuesday, where he noted that in Namibia, the NBFI sector’s total assets stood at approximately N.dollars 366.2 billion as of December 2022, constituting about 68.8 per cent of the financial sector’s total assets.

Additionally, the sector provides a base to offer diversified funding sources to address critical gaps, and CISNA has a key role to play in stimulating intra-regional investment and mobilizing resources for economies.

The meeting, which is being hosted by the Namibia Financial Institutions Supervisory Authority (Namfisa), serves as a platform for the CISNA members to exchange insights, learn from one another, and enhance mutual understanding, while also underscoring collective responsibility to safeguard the financial stability of respective countries.

Governor of the Erongo Region, Neville Andre Itope, acknow
ledged the importance of collective efforts, adding that working together can address the complex issues that industries face, establish best practices, and ensure the well-being and stability of financial markets.

‘In a world where the economic dynamics are ever-evolving, commitment to fostering stability, consumer protection and financial inclusion within the financial systems must take center stage,’ the governor indicated.

The Bank of Tanzania signed a Memorandum of Understanding with CISNA at the start of the five-day meeting.

Source: Namibia Press Agency

Calls For Partnerships To Boost Judiciary Training Institutes

The Chief Justice and President of the Supreme Court of Kenya, Martha Koome, has urged judges to foster more collaborations with the Judiciary Training Institutes (JTI) across the devolved units to build stronger judicial capacities and create a tapestry of knowledge and experience.

This, she said, will help equip judges and judicial officers with the tools and knowledge to tackle Transnational Organized Crimes head-on.

Delegates and judges in attendance during the Africa Regional Judicial Dialogue on Transnational Organized Crimes and Illicit Financial Flows held at a Mombasa hotel. Photos by Cyzick Sidayi

Speaking during the Africa Regional Judicial Dialogue, Koome said that the JTIs should be at the forefront of research and development in the realm of Transnational Organized Crimes jurisprudence by providing platforms for deliberation, debate, and the dissemination of new legal thoughts and doctrines.

In doing so, they ensure legal systems remain agile and responsive to the ever-evolving nature of
Transnational Organized Crimes and Illicit Financial Flows.

‘The true potential of JTIs is unlocked when we view them not as national entities but as nodes in a regional network of knowledge and collaboration; meanwhile, shared curricula, the exchange of resource persons, and collaborative research projects can elevate our collective understanding of Transnational Organized Crimes and Illicit Financial Flows,’ Koome said.

Moreover, this spirit of cooperation can serve as a blueprint for broader regional collaboration, encompassing not just the judiciary but also law enforcement, financial institutions, and policymakers in the region.

The three-day Regional Symposium organised and hosted by the Kenya Judicial Academy is themed; Strengthening the Adjudication of Transnational Organised Crimes and Illicit Financial Flows in Africa: Experiences, Challenges, and Emerging Issues Flows.

Koome said that Transnational organised Crimes and Illicit Financial Flows are not just legal issues; they are a deep-seated th
reat to the social fabric, economies, and governance structures because they threaten the shared vision of a prosperous, secure, and peaceful Africa.

Some of the TOCs that have increasingly been disruptive to the African Community include human trafficking, narcotics trade, illegal arms dealing, cybercrime, wildlife poaching, counterfeiting of products, and the alarming growth of illicit financial flows that have cast a shadow over the continent’s Development Aspirations.

Koome said that according to the United Nations Office on Drugs and Crime (UNODC), Transnational Organized Crimes generate an estimated 2.7 per cent of the global GDP with an annual value of approximately U.S $ 1.6 trillion, while the Global Financial Integrity (GFI) has recorded (IFF) that amount to an annual value of approximately U.S $ 1.1 trillion.

These Illicit Financial Flows involve the movement of money or assets that are illegally earned, transferred, or used across borders and are often carried out in tandem with crimes such as
tax evasion, trade mis-invoicing, bribery, embezzlement, fraud, and other crimes.

These illicit profits fuel corruption, undermine governance, erode the rule of law, and threaten the stability of states and regions.

‘Our region, like many others, is not immune to this menace. Some of the emerging trends and practices of Transnational Organized Crimes and Illicit Financial Flows in the region include the increasing use of technology and digital platforms by criminal networks to facilitate their operations, evade detection, and launder money, as well as the expansion of criminal markets and networks across borders, regions, and continents,’ Koome said.

She assured that while the challenges posed by transnational organised crime and illicit financial flows are undoubtedly significant, they are not insurmountable.

‘By pooling our resources, sharing our experiences, and standing united in our commitment to justice, we can ensure that our region remains a bastion of peace, prosperity, and the rule of law. With
collaboration, dedication, and a steadfast commitment to the principles of justice and rule of law, our judiciaries can and ought to play a pivotal role in addressing these global challenges,’ she concluded.

Source: Kenya News Agency

BoN engages editors and journalists

The Bank of Namibia (BoN) engaged senior editors from various media houses on Tuesday to provide a status update on the bank’s various operations and activities.

According to the central bank’s Director of Strategic Communications and International Relations, Kazembire Zemburuka, this engagement forms part of its longstanding relationship with the media and its commitment to promoting transparency and accountability.

BoN Deputy Governors, Ebson Uanguta and Leonie Dunn, did presentations on the bank’s role. Uanguta provided insights into domestic economic highlights and noted that growth in the domestic economy slowed to 3.7 per cent during the second quarter of 2023, compared to 8.5 per cent recorded in the corresponding quarter of 2022.

Headline inflation rose to an average of 6.0 per cent during the first eight months of 2023, compared to the average of 5.6 per cent during the corresponding period of 2022. This increase was mainly on account of higher inflation for food and non-alcoholic beverages, h
ousing, alcohol beverages and tobacco, Uanguta added.

Globally, monetary policy tightening and geopolitical tensions have created economic uncertainty. The deputy governor, however, highlighted that domestic, global and regional economic developments, as well as the peg arrangement between the Namibia Dollar and the South African Rand, are essential considerations in the formulation of monetary policy. Responding to questions on the viability of the peg, the Uanguta said the bank continues to assess the arrangement and has found that it continues to serve Namibia well from a price stability perspective, while reducing transactional costs, ultimately benefiting the economy.

The meeting further provided key updates on the SME Economic Recovery Loan Scheme that was relaunched in February 2023. To date, over N.dollars 280 million has been disbursed to 267 businesses operating in the construction, retail, manufacturing and oil and gas industries.

Source: Namibia Press Agency