Tag Archives: African Union
Lopatka: “Africa wants closer cooperation with Austria” / State Secretary sets initiatives for economic cooperation and educational projects
VIENNA, Austria, May 14, 2013/African Press Organization (APO)/ – Opportunities for deepening political and economic ties to the African continent were the focus in a meeting of Austrian State Secretary Reinhold Lopatka with 25 ambassadors from African states. The Austrian Development Agency (ADA), the Austrian Development Bank and the Austrian Ministry of Finance (soft loans) are the partners in the Africa initiative, which the Federal Ministry for European and International Affairs has started with the support of the Federal Economic Chamber (WKÖ) and the City of Vienna. The African ambassadors showed great interest in stronger economic cooperation with Austria, including tourism projects and accessing Austrian know-how.
CAPE-TOWN, South-Africa, May 9, 2013/African Press Organization (APO)/ – A high-level roundtable on Building Private Equity and Private Capital Markets in Africa, met on 8 May, to explore the promise and obstacles facing private capital investments in Africa. The roundtable of investors and policy makers met under the auspices of the Economic Commission for Africa (ECA) and the World Economic Forum on Africa to navigate the complex world of private equity, which in recent years has shown increased interest. According to the participants, this could be Africa’s next development financing frontier and could mark an end to an aid dependency.
41 African countries have joined the Initiative
ADDIS ABABA, Ethiopia, April 12, 2013/African Press Organization (APO)/ – The Chairperson of the Commission of the African Union, Dr. Nkosazana Dlamini Zuma, welcomes the news of the resumption of oil production by South Sudan, and its transit and export through Sudan’s oil pipeline. She notes that this marks another major step in the normalization of relations between Sudan and South Sudan, as well as a turning point in the economic fortunes of both countries, which have suffered greatly since oil production was halted in 2012. She welcomes the clear commitment and political will of the two countries to ‘reboot’ their relations, and encourages them to remain steadfast on this path.
By Simon Tesfamariam
Commissioner Piebalgs and FAO Director-General underline support for nutrition and food security in Malawi
BRUSSELS, Kingdom of Belgium, March 5, 2013/African Press Organization (APO)/ – During a high level visit to Malawi, EU Development Commissioner, Andris Piebalgs, and José Graziano da Silva, Director-General of the Food and Agriculture Organisation of the United Nations (FAO), will meet today President Joyce Banda to discuss the country’s challenges on nutrition and food security and underline ongoing EU and FAO support in this area.
Ecobank Transnational Incorporated is registered and headquartered in Lomé, Togo, as a pan-African bank holding company. It has presence in 32 African countries, and is represented in France through its affiliate, EBI S.A. Ecobank has representative offices in Beijing, China, Dubai, United Arab Emirates and the UK. Its shares are listed on the Ghana, Nigeria and BRVM (UEMOA) Stock Exchanges. ETI has 18,321 employees and 1,200 branches and offices.
Standard Chartered Bank is a universal banking group headquartered in London and strategically focused on Asia, Africa and the Middle East. It is a leading provider of trade finance in Africa and was named Best Trade Bank in Africa in 2011 (Trade and Forfaiting Review Awards 2011). SCB captures significant trade flows along the various trade corridors and facilitated over US $10 billion of trade in Africa in 2011 alone. It has 15 African subsidiaries and over 200 correspondent banking relationships in Africa. SCB has a long term rating of A1 (Moody’s) and AA- (Fitch and S&P).