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Developing World’s Share of Global Investment to Triple by 2030, Says New World Bank Report

Posted on 18 May 2013 by Africa Business

Seventeen years from now, half the global stock of capital, totaling $158 trillion (in 2010 dollars), will reside in the developing world, compared to less than one-third today, with countries in East Asia and Latin America accounting for the largest shares of this stock, says the latest edition of the World Bank’s Global Development Horizons (GDH) report, which explores patterns of investment, saving and capital flows as they are likely to evolve over the next two decades.

Developing countries’ share in global investment is projected to triple by 2030 to three-fifths, from one-fifth in 2000, says the report, titled ‘Capital for the Future: Saving and Investment in an Interdependent World’. With world population set to rise from 7 billion in 2010 to 8.5 billion 2030 and rapid aging in the advanced countries, demographic changes will profoundly influence these structural shifts.

“GDH is one of the finest efforts at peering into the distant future. It does this by marshaling an amazing amount of statistical information,” said Kaushik Basu, the World Bank’s Senior Vice President and Chief Economist. “We know from the experience of countries as diverse as South Korea, Indonesia, Brazil, Turkey and South Africa the pivotal role investment plays in driving long-term growth. In less than a generation, global investment will be dominated by the developing countries. And among the developing countries, China and India are expected to be the largest investors, with the two countries together accounting for 38 percent of the global gross investment in 2030. All this will change the landscape of the global economy, and GDH analyzes how.”

Productivity catch-up, increasing integration into global markets, sound macroeconomic policies, and improved education and health are helping speed growth and create massive investment opportunities, which, in turn, are spurring a shift in global economic weight to developing countries. A further boost is being provided by the youth bulge. With developing countries on course to add more than 1.4 billion people to their combined population between now and 2030, the full benefit of the demographic dividend has yet to be reaped, particularly in the relatively younger regions of Sub-Saharan Africa and South Asia.

The good news is that, unlike in the past, developing countries will likely have the resources needed to finance these massive future investments for infrastructure and services, including in education and health care. Strong saving rates in developing countries are expected to peak at 34 percent of national income in 2014 and will average 32 percent annually until 2030. In aggregate terms, the developing world will account for 62-64 percent of global saving of $25-27 trillion by 2030, up from 45 percent in 2010.

“Despite strong saving levels to finance their massive investment needs in the future, developing countries will need to significantly improve their currently limited participation in international financial markets if they are to reap the benefits of the tectonic shifts taking place,” said Hans Timmer, Director of the Bank’s Development Prospects Group.

GDH paints two scenarios, based on the speed of convergence between the developed and developing worlds in per capita income levels, and the pace of structural transformations (such as financial development and improvements in institutional quality) in the two groups. Scenario one entails a gradual convergence between the developed and developing world while a much more rapid scenario is envisioned in the second.

The gradual and rapid scenarios predict average world economic growth of 2.6 percent and 3 percent per year, respectively, during the next two decades; the developing world’s growth will average an annual rate of 4.8 percent in the gradual convergence scenario and 5.5 percent in the rapid one.

In both scenarios, developing countries’ employment in services will account for more than 60 percent of their total employment by 2030 and they will account for more than 50 percent of global trade. This shift will occur alongside demographic changes that will increase demand for infrastructural services. Indeed, the report estimates the developing world’s infrastructure financing needs at $14.6 trillion between now and 2030.

The report also points to aging populations in East Asia, Eastern Europe and Central Asia, which will see the largest reductions in saving rates. Demographic change will test the sustainability of public finances and complex policy challenges will arise from efforts to reduce the burden of health care and pensions without imposing severe hardships on the old. In contrast, Sub-Saharan Africa, with its relatively young and rapidly growing population as well as robust economic growth, will be the only region not experiencing a decline in its saving rate.

In absolute terms, however, saving will continue to be dominated by Asia and the Middle East. In the gradual convergence scenario, in 2030, China will save far more than any other developing country — $9 trillion in 2010 dollars — with India a distant second with $1.7 trillion, surpassing the levels of Japan and the United States in the 2020s.

As a result, under the gradual convergence scenario, China will account for 30 percent of global investment in 2030, with Brazil, India and Russia together accounting for another 13 percent. In terms of volumes, investment in the developing world will reach $15 trillion (in 2010 dollars), versus $10 trillion in high-income economies. China and India will account for almost half of all global manufacturing investment.

“GDH clearly highlights the increasing role developing countries will play in the global economy. This is undoubtedly a significant achievement. However, even if wealth will be more evenly distributed across countries, this does not mean that, within countries, everyone will equally benefit,” said Maurizio Bussolo, Lead Economist and lead author of the report.

The report finds that the least educated groups in a country have low or no saving, suggesting an inability to improve their earning capacity and, for the poorest, to escape a poverty trap.

“Policy makers in developing countries have a central role to play in boosting private saving through policies that raise human capital, especially for the poor,” concluded Bussolo.

Regional Highlights:

East Asia and the Pacific will see its saving rate fall and its investment rate will drop by even more, though they will still be high by international standards. Despite these lower rates, the region’s shares of global investment and saving will rise through 2030 due to robust economic growth. The region is experiencing a big demographic dividend, with fewer than 4 non-working age people for every 10 working age people, the lowest dependency ratio in the world. This dividend will end after reaching its peak in 2015. Labor force growth will slow, and by 2040 the region may have one of the highest dependency ratios of all developing regions (with more than 5.5 non-working age people for every 10 working age people). China, a big regional driver, is expected to continue to run substantial current account surpluses, due to large declines in its investment rate as it transitions to a lower level of public involvement in investment.

Eastern Europe and Central Asia is the furthest along in its demographic transition, and will be the only developing region to reach zero population growth by 2030. Aging is expected to moderate economic growth in the region, and also has the potential to bring down the saving rate more than any developing region, apart from East Asia. The region’s saving rate may decline more than its investment rate, in which case countries in the region will have to finance investment by attracting more capital flows. The region will also face significant fiscal pressure from aging. Turkey, for example, would see its public pension spending increase by more than 50 percent by 2030 under the current pension scheme. Several other countries in the region will also face large increases in pension and health care expenditures.

Latin America and the Caribbean, a historically low-saving region, may become the lowest-saving region by 2030. Although demographics will play a positive role, as dependency ratios are projected to fall through 2025, financial market development (which reduces precautionary saving) and a moderation in economic growth will play a counterbalancing role. Similarly, the rising and then falling impact of demography on labor force growth means that the investment rate is expected to rise in the short run, and then gradually fall. However, the relationship between inequality and saving in the region suggests an alternative scenario. As in other regions, poorer households tend to save much less; thus, improvements in earning capacity, rising incomes, and reduced inequality have the potential not only to boost national saving but, more importantly, to break poverty traps perpetuated by low saving by poor households.

The Middle East and North Africa has significant scope for financial market development, which has the potential to sustain investment but also, along with aging, to reduce saving. Thus, current account surpluses may also decline moderately up to 2030, depending on the pace of financial market development. The region is in a relatively early phase of its demographic transition: characterized by a still fast growing population and labor force, but also a rising share of elderly. Changes in household structure may also impact saving patterns, with a transition from intergenerational households and family-based old age support to smaller households and greater reliance on asset income in old age. The region has the lowest use of formal financial institutions for saving by low-income households, and scope for financial markets to play a significantly greater role in household saving.

South Asia will remain one of the highest saving and highest investing regions until 2030. However, with the scope for rapid economic growth and financial development, results for saving, investment, and capital flows will vary significantly: in a scenario of more rapid economic growth and financial market development, high investment rates will be sustained while saving falls significantly, implying large current account deficits. South Asia is a young region, and by about 2035 is likely to have the highest ratio of working- to nonworking-age people of any region in the world. The general shift in investment away from agriculture towards manufacturing and service sectors is likely to be especially pronounced in South Asia, with the region’s share of total investment in manufacturing expected to nearly double, and investment in the service sector to increase by more than 8 percentage points, to over two-thirds of total investment.

Sub-Saharan Africa’s investment rate will be steady due to robust labor force growth. It will be the only region to not see a decrease in its saving rate in a scenario of moderate financial market development, since aging will not be a significant factor. In a scenario of faster growth, poorer African countries will experience deeper financial market development, and foreign investors will become increasingly willing to finance investment in the region. Sub-Saharan Africa is currently the youngest of all regions, with the highest dependency ratio. This ratio will steadily decrease throughout the time horizon of this report and beyond, bringing a long lasting demographic dividend. The region will have the greatest infrastructure investment needs over the next two decades (relative to GDP). At the same time, there will likely be a shift in infrastructure investment financing toward greater participation by the private sector, and substantial increases in private capital inflows, particularly from other developing regions.

Source: WorldBank.org

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Developing countries to dominate global saving and investment, but the poor will not necessarily share the benefits, says report

Posted on 18 May 2013 by Africa Business

STORY HIGHLIGHTS
  • Developing world’s share of global investment to triple by 2030
  • China, India will be developing world’s largest investors
  • Boost to education needed so poor can improve their well-being

In less than a generation, global saving and investment will be dominated by the developing world, says the just-released Global Development Horizons (GDH) report.

By 2030, half the global stock of capital, totaling $158 trillion (in 2010 dollars), will reside in the developing world, compared to less than one-third today, with countries in East Asia and Latin America accounting for the largest shares of this stock, says the report, which explores patterns of investment, saving and capital flows as they are likely to evolve over the next two decades.

Titled ‘Capital for the Future: Saving and Investment in an Interdependent World’, GDH projects developing countries’ share in global investment to triple by 2030 to three-fifths, from one-fifth in 2000.

Productivity catch-up, increasing integration into global markets, sound macroeconomic policies, and improved education and health are helping speed growth and create massive investment opportunities, which, in turn, are spurring a shift in global economic weight to developing countries.

A further boost is being provided by the youth bulge. By 2020, less than 7 years from now, growth in world’s working-age population will be exclusively determined by developing countries. With developing countries on course to add more than 1.4 billion people to their combined population between now and 2030, the full benefit of the demographic dividend has yet to be reaped, particularly in the relatively younger regions of Sub-Saharan Africa and South Asia.

GDH paints two scenarios, based on the speed of convergence between the developed and developing worlds in per capita income levels, and the pace of structural transformations (such as financial development and improvements in institutional quality) in the two groups. Scenario one entails a gradual convergence between the developed and developing world while a much more rapid one is envisioned in the second.

In both scenarios, developing countries’ employment in services will account for more than 60 percent of their total employment by 2030 and they will account for more than 50 percent of global trade. This shift will occur alongside demographic changes that will increase demand for infrastructural services. Indeed, the report estimates the developing world’s infrastructure financing needs at $14.6 trillion between now and 2030.

The report also points to aging populations in East Asia, Eastern Europe and Central Asia, which will see the largest reductions in private saving rates. Demographic change will test the sustainability of public finances and complex policy challenges will arise from efforts to reduce the burden of health care and pensions without imposing severe hardships on the old. In contrast, Sub-Saharan Africa, with its relatively young and rapidly growing population as well as robust economic growth, will be the only region not experiencing a decline in its saving rate.

Open Quotes

Policy makers in developing countries have a central role to play in boosting private saving through policies that raise human capital, especially for the poor. Close Quotes

Maurizio Bussolo
Lead Author, Global Development Horizons 2013

In absolute terms, however, saving will continue to be dominated by Asia and the Middle East. In the gradual convergence scenario, in 2030, China will save far more than any other developing country — $9 trillion in 2010 dollars — with India a distant second with $1.7 trillion, surpassing the levels of Japan and the United States in the 2020s.

As a result, under the gradual convergence scenario, China will account for 30 percent of global investment in 2030, with Brazil, India and Russia together accounting for another 13 percent. In terms of volumes, investment in the developing world will reach $15 trillion (in 2010 dollars), versus $10 trillion in high-income economies. Again, China and India will be the largest investors among developing countries, with the two countries combined representing 38 percent of the global gross investment in 2030, and they will account for almost half of all global manufacturing investment.

“GDH clearly highlights the increasing role developing countries will play in the global economy. This is undoubtedly a significant achievement. However, even if wealth will be more evenly distributed across countries, this does not mean that, within countries, everyone will equally benefit,” said Maurizio Bussolo, Lead Economist and lead author of the report.

The report finds that the least educated groups in a country have low or no saving, suggesting an inability to improve their earning capacity and, for the poorest, to escape a poverty trap.

“Policy makers in developing countries have a central role to play in boosting private saving through policies that raise human capital, especially for the poor,” concluded Bussolo.

Regional Highlights:

East Asia and the Pacific will see its saving rate fall and its investment rate will drop by even more, though they will still be high by international standards. Despite these lower rates, the region’s shares of global investment and saving will rise through 2030 due to robust economic growth. The region is experiencing a big demographic dividend, with fewer than 4 non-working age people for every 10 working age people, the lowest dependency ratio in the world. This dividend will end after reaching its peak in 2015. Labor force growth will slow, and by 2040 the region may have one of the highest dependency ratios of all developing regions (with more than 5.5 non-working age people for every 10 working age people). China, a big regional driver, is expected to continue to run substantial current account surpluses, due to large declines in its investment rate as it transitions to a lower level of public involvement in investment.

Eastern Europe and Central Asia is the furthest along in its demographic transition, and will be the only developing region to reach zero population growth by 2030. Aging is expected to moderate economic growth in the region, and also has the potential to bring down the saving rate more than any developing region, apart from East Asia. The region’s saving rate may decline more than its investment rate, in which case countries in the region will have to finance investment by attracting more capital flows. The region will also face significant fiscal pressure from aging. Turkey, for example, would see its public pension spending increase by more than 50 percent by 2030 under the current pension scheme. Several other countries in the region will also face large increases in pension and health care expenditures.

Latin America and the Caribbean, a historically low-saving region, may become the lowest-saving region by 2030. Although demographics will play a positive role, as dependency ratios are projected to fall through 2025, financial market development (which reduces precautionary saving) and a moderation in economic growth will play a counterbalancing role. Similarly, the rising and then falling impact of demography on labor force growth means that the investment rate is expected to rise in the short run, and then gradually fall. However, the relationship between inequality and saving in the region suggests an alternative scenario. As in other regions, poorer households tend to save much less; thus, improvements in earning capacity, rising incomes, and reduced inequality have the potential not only to boost national saving but, more importantly, to break poverty traps perpetuated by low saving by poor households.

The Middle East and North Africa has significant scope for financial market development, which has the potential to sustain investment but also, along with aging, to reduce saving. Thus, current account surpluses may also decline moderately up to 2030, depending on the pace of financial market development. The region is in a relatively early phase of its demographic transition: characterized by a still fast growing population and labor force, but also a rising share of elderly. Changes in household structure may also impact saving patterns, with a transition from intergenerational households and family-based old age support to smaller households and greater reliance on asset income in old age. The region has the lowest use of formal financial institutions for saving by low-income households, and scope for financial markets to play a significantly greater role in household saving.

South Asia will remain one of the highest saving and highest investing regions until 2030. However, with the scope for rapid economic growth and financial development, results for saving, investment, and capital flows will vary significantly: in a scenario of more rapid economic growth and financial market development, high investment rates will be sustained while saving falls significantly, implying large current account deficits. South Asia is a young region, and by about 2035 is likely to have the highest ratio of working- to nonworking-age people of any region in the world. The general shift in investment away from agriculture towards manufacturing and service sectors is likely to be especially pronounced in South Asia, with the region’s share of total investment in manufacturing expected to nearly double, and investment in the service sector to increase by more than 8 percentage points, to over two-thirds of total investment.

Sub-Saharan Africa’s investment rate will be steady due to robust labor force growth. It will be the only region to not see a decrease in its saving rate in a scenario of moderate financial market development, since aging will not be a significant factor. In a scenario of faster growth, poorer African countries will experience deeper financial market development, and foreign investors will become increasingly willing to finance investment in the region. Sub-Saharan Africa is currently the youngest of all regions, with the highest dependency ratio. This ratio will steadily decrease throughout the time horizon of this report and beyond, bringing a long lasting demographic dividend. The region will have the greatest infrastructure investment needs over the next two decades (relative to GDP). At the same time, there will likely be a shift in infrastructure investment financing toward greater participation by the private sector, and substantial increases in private capital inflows, particularly from other developing regions.

 

Source: WorldBank.org

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2013 Pick n Pay Knysna Oyster Festival Programme full of New Highlights

Posted on 18 May 2013 by Africa Business

The programme for the 2013 Pick n Pay Knysna Oyster Festival is growing, with new and exciting events joining the stable of old favourites. “Last year’s programme sported more than 100 events,” said Festival Manager Nicci Rousseau-Schmidt. “And it is already clear that we’ll top that number this year.”

The Pick n Pay Women’s Walk will take place on Sunday 7 July. The Women’s Walk is a popular event that takes place across South Africa. Bronwen Rohland Marketing Director Pick n Pay said, “This 5km event raises funds for PinkDrive, an organisation that provides free breast cancer screening and health education for women who cannot afford it.”

The Young Oyster Festival is gaining in popularity each year, providing an environment for kids to have a blast. Aside from the regular events such as cooking lessons, arts and crafts, movie screenings, sport clinics, and exciting competitions, this year will see a dedicated Kids Zone complete with popcorn, candy floss and all things necessary for exciting and entertaining kids.

“Older kids will enjoy an all-new fun fair as well as obstacle courses and exciting events and competitions at The Yard, our local skate park,” Rousseau-Schmidt said. “This age group and their parents will also enjoy an all new 10-day local food and craft market at the main venue on Waterfront Drive and details of how to enter the Miss Knysna Oyster Festival will be available soon.”

“Of course we wouldn’t have a festival if it weren’t for our oysters. This year’s Pick n Pay Flavours of Knysna will truly showcase Knysna’s restaurants as they once again prepare oysters according to their own, unique recipes, with other delectable treats prepared by Pick n Pay also available on the evening.

“The oyster shucking and oyster eating competitions are always very entertaining and well attended, and this year we will combine these two fun events to both take place at the main venue on Waterfront Drive,” Rousseau-Schmidt said.

The festival has a longstanding relationship with the South African Navy, especially the local Sea Cadet unit from the Training Ship Knysna. “The Admiral’s Ball is a firm favourite on the festival’s calendar with music provided by the incredibly talented SA Navy Dance Band. Presented in co-operation with the Knysna Featherbed Company, the 2013 ball promises to be an event not to be missed,” said Rousseau-Schmidt “We are hoping to welcome two naval ships through the Knysna Heads this year – weather permitting,” she said. “The Navy also presents other fantastic events on the festival calendar, including the Right of Entry Parade which incorporates precision drilling and music from the marching band, displays by the Knysna Sea Cadets and the ever popular concert by the SA Navy Band which unofficially closes the festival.”

“This year the Knysna Forest Marathon and Half Marathon have already sold out, and we anticipate that Knysna will be buzzing with excitement,” said Rohland, “the festival is a great opportunity for us to meet our customers and be part of an event that showcases the best the region has to offer.”

“We are looking forward to old favourites such the Pick n Pay Weekend Argus Rotary Knysna Cycle Tour and the Pick n Pay Cape Times Knysna Forest Marathon and Half Marathon, but we have many exciting developments on the programme to look forward to,” Rousseau-Schmidt concluded. “And what you’ve read about here is only a taste of what the 2013 Pick n Pay Knysna Oyster Festival has on offer. Knysna is truly the place to be during the school holidays. So come along – I can guarantee that you’ll have the best ten days of your winter.”

Keep an eye on www.pnpoysterfestival.co.za for regular updates to the programme, or contact Knysna Tourism on 044 382 5510 for more information.

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MTN UGANDA FOUNDATION ENDORSES ALL SAINTS COMMUNITY INITIATIVES

Posted on 15 May 2013 by Africa Business

All Saints Cathedral Cheque Hand Over

MTN Uganda Foundation has joined All Saints Cathedral in a drive to raise money to support the cathedral’s community initiatives as well as build the new church building.

Speaking during a courtesy call on the New Archbishop of the Church of Uganda, the MTN Uganda CEO Mazen Mroué said that MTN is heartened by the noble community activities the church is involved in, saying they resonate with the telecommunication giant’s philosophies on Corporate Social Responsibility

All Saints Cathedral is one of the oldest churches in Uganda, and is involved in community activities such as Compassion and Hospitality for street kids, orphans and the destitute, counseling and health/healing (HIV/AIDS initiatives), education, Stewardship, Leadership development and a host of other youth programs.

“We are motivated by what All Saints Cathedral stands for because it’s in line with what our MTN foundation believes in. There are many people out there that need a compassionate hand. At MTN, we are not involved in such activities directly, but we are very glad to lend a helping hand to such institutions that drive such noble causes,” said Mazen Mroué’ CEO MTN Uganda.

During the same visit, MTN Uganda contributed shs10 million towards the construction of the new cathedral building, which is intended to create more room for the barging Christian community that throng the church all week. The new building will also create more capacity for it to do more community activities.

The current church was build many years ago with a plan to accommodate 600 people, but this has become very small. The new building is planned to take up to 4500 people.

Mazen called upon every individual and institution to make a contribution towards such causes, whether financially or physically.

“AT MTN, we know the importance of giving back to the communities in which we operate. By this contribution, we hope that we have re-ignited the drive for more people to come and be a part of this support great initiative,” Mroué said.

The Archbishop of the church of Uganda, Stanley Ntagali said that MTN’s support is very timely as the activities of the church are financially demanding and yet there is always need for more.

“The church depends on contributions of its members as well as well-intentioned companies like MTN Uganda. We would like to encourage more people to borrow a leaf from MTN and come in to support the church,” he said.

The MTN Uganda Foundation is a not-for-profit legal entity that was inaugurated in July 2007 as a vehicle through which MTN Uganda implements its’ Corporate Social Investments (CSI). The Foundation strives to improve the quality of life in communities where MTN Uganda operates in a sustainable way. Over the past five years since its launch, the MTN Foundation has supported a number of initiatives in the areas of Education, Health, Arts and Culture, Environment, Community Development and Low cost housing.

The MTN Uganda Foundation partners with both public and non-profit credible organizations to execute sustainable projects in each of the chosen focus areas. The Foundation is committed to ensuring that the selection and approval of its projects are conducted in a manner that is transparent, systematic, efficient, and effective while promoting its mission.

In 2013 and onwards, the MTN Foundation will focus on three key areas so as to leverage scale to achieve significant development impact. The three sectors will be Education, Health and National Priority Areas.

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ZIMFUND launches first phase of Zimbabwe’s water supply and sanitation rehab project

Posted on 14 May 2013 by Wallace Mawire

by Wallace Mawire

The Zimbabwe Multi-Donor Trust Fund (ZimFund) urgent Water Supply and Sanitation Rehabilitation Project phase one expected to increase the reliability, quality and availability of water, restore wastewater treatment capacity and reduce the incidence of cholera and other water related diseases has been launched, according to the Zimfund Manager,  Engineer Emmanuel Nzabanita.

The ZimFund Manager reports that Zimfund has handed-over the site of Mutare water and sanitation works to the contractor. This project, valued at  $9.04 million, is the first to be implemented under the Fund’s overall $29.65 million Urgent Water Supply and Sanitation Rehabilitation Project (UWSSRP), which will also see developments in the municipalities of Chegutu, Chitungwiza, Harare, Kwekwe and Masvingo.


The UWSSR project has been designed to improve the health and social well-being of the residents of the beneficiary cities, through the equitable provision of adequate water supply and sanitation services.

The ZimFund grant will enable the provision of urgent support for the restoration and stabilization of water supply and sanitation services in the six municipalities, by undertaking emergency rehabilitation to the systems and reducing pollution of the water sources.

In Mutare, the project comprises of  the partial rehabilitation of Odzani Water Treatment works, the completion of the Chikanga Reservoir, the completion of the Mutare Trunk Sewer, the rehabilitation of Gimboki Sewerage Treatment Works and  the supply of laboratory and other equipment for maintenance.

ZimFund Manager, Eng. Emmanuel Nzabanita said, “I am delighted that this project that is expected to have a major impact on the people living in Mutare has commenced.”

The rehabilitation of Chikanga Water Reservoir, the Gimboki BNR Sewage treatment plant and the pipeline for the outfall sewer is expected to improve the water and sanitation services considerably.

The restoration of some wastewater treatment capacity in the project areas will reduce pollution to the fresh water sources and the immediate environment.

In addition to the water and sanitation projects, ZimFund is also supporting the Emergency Power Infrastructure Rehabilitation Project (EPIRP) to the tune of $35 million, benefitting the electricity consuming public in Zimbabwe – especially the poor.

The second project is expected to help rehabilitate the Ash Plant at Hwange Power Station (HPS), in addition to sub-transmission and distribution facilities in Atlanta (Murehwa), Criterion (Bulawayo), Gweru, Kadoma, Marvel (Bulawayo), Mazowe, Mpopoma (Bulawayo), Norton, Pomona (Harare), Redcliff, Sherwood (Kwe Kwe), Victoria Falls, Zisco (Redcliff), Zvishavane and electricity distribution facilities throughout the country.

Once complete, these refurbishments and reinforcements of the sub-transmission and distribution networks are expected to  improve system reliability and allow the restoration of supply services to about 22,000 customers in various neighbourhoods across the country that presently have no access to electricity services.

The EPIR Project is linked to UWSSR Project, in that it will also improve the electricity supply to the water treatment plant of the Harare city water supply as well as the other five urban water supply systems, with a possible contribution to the reduction in the incidence of cholera and other water related diseases, according to the Zimfund Mamager.

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CHINA, AFRICA EXPLORE NEW OPPORTUNITIES TO COOPERATE ON HEALTH CHALLENGES, STRENGTHEN INNOVATIONS

Posted on 13 May 2013 by Amat JENG

Chinese and African leaders will come together at the 4th International Roundtable on China-Africa Health Cooperation to explore new partnerships to address some of the most pressing health challenges facing Africa and strengthen an innovative health partnership based on south-south cooperation. This year’s roundtable is the first to take place on the African continent. It will focus on promoting sustainable health solutions that meet the needs and priorities of African countries and draw on China’s unique expertise.

Officials will engage in two days of sessions aimed at determining how China and African countries can jointly tackle critical issues such as AIDS, malaria, schistosomiasis, reproductive health, access to lifesaving vaccines and non-communicable diseases. These health issues disproportionately affect African countries and have also been major health challenges for China. At the roundtable, China’s Director General of the National Health and Family Planning Commission will join Health Ministers from Botswana and Ghana; leaders from the African Union; representatives from the United Nations and non-governmental organizations; and entrepreneurs and business owners from China and Africa.

“Indeed, China and Africa have a long history of collaborating on health, built on shared challenges, experiences and addressing similar issues,” said Hon. Rev. Dr. John G. N. Seakgosing, Botswana’s Minister of Health. “China has a unique role in supporting African health progress. And with this roundtable, we look forward to deepening our partnership to benefit the health of our citizens.”

This roundtable comes as China and Africa mark the 50th anniversary of providing medical teams to Africa, with China also supporting African health personnel, infrastructure, malaria control and other programs such as scholarships for training health experts. At this year’s roundtable, officials will discuss how to shape health cooperation between China and Africa and help achieve long-term, sustainable gains, such as strengthening health systems and addressing the shortage of healthcare workers.

“Africa’s future is closely linked with our own and improving health is a critical building block towards a common prosperity,” said Dr. Ren Minghui, Director General of the Department of International Cooperation at China’s National Health and Family Planning Commission. “African countries have made tremendous gains to improve the health of their citizens. With China and Africa working hand-in-hand on health, we can have even greater impact.”

A major theme of the roundtable is how African and Chinese officials can create win-win scenarios that will benefit all partners. Much of China’s health assistance invests in expanding African capacity, which can help strengthen the continent’s self-sufficiency and economic development. China has a unique role in supporting Africa’s health progress, drawing from its investments in health research and development and its experience improving the health of its own citizens, such as its current health reform effort, which is the largest expansion of healthcare coverage in history.

When other countries send weapons to Africa, China sends water. China is gaining reputation for helping African countries develop

Roundtable participants will discuss how African countries can best work with Chinese scientists and pharmaceutical manufacturers to increase access to high-quality, low-cost health technologies, while ensuring products are safe and meet international quality standards. Participants will also explore how China can help support Africa’s local production of health products. At the same time, African leaders will share expertise on areas where China can learn from Africa, such as around AIDS prevention and treatment, to help improve China’s efforts at home. Africa has been very successful in scaling up HIV treatment as well as prevention of mother-to-child transmission programs.

“South-South cooperation facilitates optimization of resources, both human and material. This creates opportunities to share knowledge and experience, which contributes to sustainable health solutions,” said H.E. Dr. Mustapha Sidiki Kaloko, Commissioner of Social Affairs of the African Union. “China-Africa health partnership is based on a sense of shared responsibility and global solidarity in responding to health challenges.”

The roundtable comes as China and other emerging economies are bringing new resources and approaches to improve the health of people around the world. “The global health landscape is changing, with more partners than ever joining these efforts,” said Dr. Luiz Loures, Deputy Executive Director of Programme of UNAIDS. “The AIDS response and other experiences paved the way for transformative progress on health and can help China and Africa engage on a whole new level and innovate on a broad range of health issues.”

The roundtable sessions will be guided by discussion papers that draw on extensive research and discussion developed by the China-Africa Health Cooperation Taskforce, comprised of members of the Chinese government and leading technical institutions, with the support of international partners including the World Health Organization, United Nations Population Fund (UNFPA), UNAIDS, PATH, the Bill & Melinda Gates Foundation, Global Health Strategies Initiatives (GHSi) and other organizations.

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The papers propose pilot projects for China-Africa collaboration in areas such as strengthening laboratory systems; establishing national control systems for malaria and schistosomiasis; transferring ARV drug manufacturing technology and technical support for local production; training African health personnel; and sharing China’s expertise in cold chain management and surveillance systems to boost immunization coverage. Sessions will also address ways to ensure transparency in these efforts and to guarantee high quality products.

“China has tremendous potential to support Africa’s long-term development by leveraging innovation. The roundtable is an opportunity to define a path for China and Africa to make a positive impact together on health,” said Dr. Ray Yip, Director of the China Program of the Gates Foundation.
One aim of the roundtable is to develop joint recommendations that could lay the groundwork for a long-term strategic plan for China-Africa health cooperation, which could be considered at the Ministerial Forum of China-Africa Health Development, part of the Forum on China-Africa Cooperation (FOCAC), which will take place in August in Beijing.

This year’s roundtable is hosted by the Botswana Ministry of Health, the China Chamber of Commerce of the Ministry of Commerce and the Institute for Global Health of Peking University. The roundtable series, organized by the Institute for Global Health and the China Institute of International Studies, began in 2009 as part of a China-led initiative to evaluate and improve its foreign assistance.

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MTN Foundation hands over 10 houses worth UShs. 135 million in Kiryandongo to beneficiary families that were displaced by the Bududa landslides in 2010

Posted on 13 May 2013 by Africa Business

Kampala, Uganda – 13th May, 2013

MTN Foundation hands over 10 houses worth UShs. 135 million in Kiryandongo to beneficiary families that were displaced by the Bududa landslides in 2010.

 

About MTN Uganda

Launched in 1998, MTN Uganda is the leading telecommunications firm in country with more than 7.7 million customers as of 31 December 2012.

Visit us at www.mtn.co.ug; www.youtube.com/mtnug; www.facebook.com/mtnug and www.twitter.com/mtnugandacare.

About the MTN Group

Launched in 1994, the MTN Group is a leading emerging market operator, connecting subscribers in 22 countries in Africa and the Middle East. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code: “MTN.” As of 31 December 2012, MTN recorded almost 190 million subscribers across its operations in Afghanistan, Benin, Botswana, Cameroon, Cote d’Ivoire, Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran, Liberia, Nigeria, Republic of Congo (Congo Brazzaville), Rwanda, South Africa, Sudan, South Sudan, Swaziland, Syria, Uganda, Yemen and Zambia. Visit us at www.mtn.com and www.mtnfootball.com.

 

MTN Foundation has handed over 10 houses to families in Kiryandongo who were displaced by the 2010 Bududa landslides. This is as a result of a pledge that was made by MTN Uganda to contribute towards the construction of houses in partnership with Habitat for Humanity, a non-profit organisation that focuses on building low cost houses for the under privileged. The 10 low cost houses constructed at a cost of UShs.135 million.

MTN CEO, Mazen Mroue, Minister for Disaster preparedness, Musa Ecweru with one of the families in Kiryandongo

“At MTN Uganda, we realize and understand the importance of continued support towards the communities where we operate. The landslide that displaced the people of Bududa shocked the whole country and the world and deeply touched us at MTN and that’s why we decided to come in and help,” said Mazen Mrouè, CEO MTN Uganda.

On the evening of March 1st, 2010, three entire villages were erased and over 400 people buried alive in one of the worst Bududa landslides. Most of the over 8,000 affected victims, with no homes, destroyed gardens, animals and livelihood were relocated to temporary camps in Bududa.

MTN CEO, Mazen Mroue, Minister for Disaster preparedness, Musa Ecweru, Opening one of the houses donated by MTN

 

To date, 4000 people have been unaccounted for. Eighty nine households (406 individuals) have since been transferred by government to Kiryandongo District where they were allocated 2.5 acres of land. Since then, government has relocated the displaced families to various camps. The government is also initially providing agricultural in-puts, equipment and food items for six months as they prepare to plant their own food.

Mroué thanked the government for its efforts in resettling the affected families. He reiterated that the selection criteria for the beneficiaries of the houses, was set by MTN’s partners, Habitat for Humanity. It was based on consideration of the most vulnerable groups in the camps which included the women and children particularly families with babies and young children that need to be together to be able to cope with issues of hygiene, food and safety.

“Governments all over the world are over whelmed by emergencies like these, and most times, especially in the developing world it is important for partners to answer the call and provide support for the relief efforts. As Uganda’s number one corporate citizen, we believe it’s our obligation to support government efforts in areas like these,” Mroué said.

The partnership between MTN and Habitat for Humanity spans over 10 years. The first houses built through this partnership date back to 1999, with the first homes being in Mbale and Hoima districts. Since then, MTN Uganda has built a total of 237 homes in partnership with Habitat for Humanity housing close to 1380 individuals; this is the largest number of homes funded by a corporate company.

The MTN Uganda Foundation is a not-for-profit legal entity that was inaugurated in July 2007 as a vehicle through which MTN Uganda implements its’ Corporate Social Investments (CSI). The Foundation strives to improve the quality of life in communities where MTN Uganda operates in a sustainable way. Over the past five years since its launch, the MTN Foundation has supported a number of initiatives in the areas of Education, Health, Arts and Culture, Environment, Community Development and Low cost housing.

The MTN Uganda Foundation partners with both public and non-profit credible organizations to execute sustainable projects in each of the chosen focus areas. The Foundation is committed to ensuring that the selection and approval of its projects are conducted in a manner that is transparent, systematic, efficient, and effective while promoting its mission.

In 2013 and onwards, the MTN Foundation will focus on three key areas so as to leverage scale to achieve significant development impact. The three sectors will be Education, Health and National Priority Areas.

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Under One Per Cent of Clean Energy Technology Patents Filed in Africa, Highlighting Huge Potential for Exploiting Renewable Sources

Posted on 10 May 2013 by Africa Business

NAIROBI, Kenya, May 10, 2013/African Press Organization (APO)/ Report Launch: 10am, Monday May 13

Venue: Intercontinental Hotel

Speakers:

Nicholaus Thumm , Chief Economist, European Patent Office

Robert Ondhowe, Legal Oficer, United Nations Environment Programme

Less than one per cent of all patent applications relating to Clean Energy Technology (CET) have been filed in Africa, highlighting an opportunity for the continent to leapfrog existing fossil-fuel energy sources and thus cut Greenhouse Gas Emissions and bring major health benefits.

A new study by the UN Environment Programme (UNEP) and the European Patent Office (EPO)—Patents and Clean Energy Technologies in Africa—to be launched on Monday finds that Africa has a huge untapped potential for generating clean energy, but that the slow pace of technology transfer is preventing this from being fully exploited.

The report, which will be launched during a high-level workshop, looks at the patent landscape in Africa, and issues recommendations on how to use the patent system to speed up the transfer of important technologies.

Other experts will be available to discuss the issue, including:

Clarice Wilson, Business Development Manager, Biossal Kenya

Kimani Njoroge, Director, Solimpex Africa

Maarten van Heepen, Phillips International

Said Ramadhan, African Regional Intellectual Property Office (ARIPO)

Dr Henry Mutai, Managing Director, Kenya Industrial Property Institute

Prof. Muya, Chairman, National Social and Economic Council

 

SOURCE

United Nations Environment Programme (UNEP)

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“African countries are increasingly focused on the potential renewable energy offers to their economies.”

Posted on 09 May 2013 by Africa Business

Exclusive interview with Dr. Nawal Al-Hosany, Director of Zayed Future Energy Prize, gold sponsors at the upcoming Clean Power Africa.



1) Can you give us some background on the Zayed Future Energy Prize?

The annual US$4 Zayed Future Energy Prize embodies the vision of the late founding father of the UAE, Sheikh Zayed bin Sultan Al Nahyan who laid the foundation for environmental, economic and social sustainability of the UAE. An annual award, the Prize is managed by Masdar, on behalf of the Abu Dhabi government and seeks to award achievements and innovation in the fields of renewable energy and sustainability, as well as to educate and inspire future generations.

The prize recognises individuals, companies and schools making a significant impact in the fields of renewable energy and sustainability. For more information on the prize, please visit www.ZayedFutureEnergyPrize.com

2) What are you most excited about currently in terms of Zayed Future Energy Prize projects?

The annual US$4 million Zayed Future Energy Prize is fast creating that much needed ripple effect around the world, from China to Mexico and from Germany to Tanzania. Over the past five years, the Prize has continued to award and reward the innovators of our time and we are excited about the impact of the Prize and how it is enabling the world to address our collective future energy challenges.

3) What opportunities do you see in Africa?
African countries are increasingly focused on the potential renewable energy offers to their economies. Egypt, Ghana, Madagascar and South Africa respectively have set ambitious renewable energy targets of 20%, 10%, 75% and 13% of national electricity production by 2020. Africa’s hydropower potential is estimated at around 1,750 TWh and its geothermal energy potential is estimated at 9,000 MW. Over 80% of the continent receives about 2,000 kWH per square metre of solar resources per annum.


Africa represents an important constituency for the Prize. Although some 90% of sub-Saharan Africans living in rural areas lack access to electricity, the continent is blessed with extensive renewable resources. We want to encourage governments, businesses, and civil society to spur economic growth and job creation through renewable energy targets.

4) What do you think are the biggest challenges to the South African / African energy market?

Africa’s population is expected to double by 2050, with a seven-fold increase in GDP if current trends are maintained. In order to provide universal access to electricity and sustain these growth rates, total energy production must double by 2030 from current levels, according to a recent report published by the International Renewable Energy Agency (IRENA). Electricity still remains the only sure route to economic growth.

While some 99% of North Africans have access to electricity, only 77% of people in South Africa do. This figure drops to 29% for sub-Saharan populations outside South Africa, according to IRENA.

5) What surprises you about this industry?
Zayed Future Energy Prize has been more delighted than surprised at the submissions and nominations increase of approximately 300 percent over the past five years and we see it as recognition of the value of the Prize.

Our previous winners have collectively reduced the plight of 140,000 displaced persons, provided hundreds of thousands of jobs and provided clean water and electricity to over 8 million people in villages and rural parts of Africa and Asia.

We encourage companies, individuals and schools from across the world to join us in solving the energy challenge and participate by submitting their applications before August 5.

6) Why did you decide to sponsor at Clean Power Africa?
Zayed Future Energy Prize is sponsoring African Utility Week and Clean Power Africa in Cape Town because Africa represents an important constituency for the Prize. I am delivering a presentation on the Zayed Future Energy Prize and will be emphasizing the benefits renewable energy can bring to African countries looking to sustain and broaden economic growth.

7) What will be the main message for the event delegate and visitor?

The Zayed Future Energy Prize will be emphasizing the benefits of renewable energy and what it can bring to African countries looking to sustain and broaden economic growth. The Prize administration will also, naturally, encourage companies, schools and individuals from Africa to submit for the Prize.

8 ) Point to ponder

The time is right for massive investment in renewable energy across the African continent. Renewable energy technologies represented the most cost-effective solution for remote, off-grid areas and for extending electrification grids. Costs of solar photovoltaic have fallen by over 80% over the last two years to less than one US dollar per watt, with further price drops expected.

Renewable energy brings multiple benefits, including increased energy security, job creation, rural development and technological development.

We should not forget that access to energy is particularly important for women, who have traditionally borne the burden of fetching water and cooking over open fires, with attendant respiratory health impacts and fire hazards associated with dirty fuels. The daily lives of these women and their families, is made immeasurably better if they can access clean energy for household needs. These are compelling benefits. I call upon leaders in renewable energy and sustainability in Africa to step forward for nomination this year as the benefits of renewable energy cannot be ignored.

About the Zayed Future Energy Prize: The Zayed Future Energy Prize embodies the vision of the late founding father of the UAE, Sheikh Zayed bin Sultan Al Nahyan who laid the foundation for renewable energy and sustainability as part of his legacy in sustainable development in the UAE. An annual award, the Prize is managed by Masdar, on behalf of the Abu Dhabi government and seeks to award achievements and innovation in the fields of renewable energy and sustainability, as well as to educate and inspire future generations.

For more information on the prize, please visit www.ZayedFutureEnergyPrize.com or email Serene Serhan at sserhan@masdar.ae

More information can be found on http://www.facebook.com/TZFEP or Twitter: http://twitter.com/zfep

· YouTube video about last year’s winners: http://www.youtube.com/watch?v=Mwf2VxivHY4

· Frequently asked questions (FAQ): https://www.zayedfutureenergyprize.com/en/application-process/faq/

· A brochure with further details is available at: https://www.zayedfutureenergyprize.com/resources/media/9185ZFEPHighSchoolFlyerFINAL.pdf

Submission process video tutorial: https://www.zayedfutureenergyprize.com/en/application-process/submission-process-video-tutorial/

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MTN Uganda through the MTN Foundation has contributed UShs10million towards the unveiling of Kagulu Hill, in Busoga Region (Eastern Uganda)

Posted on 09 May 2013 by Africa Business

MTN Foundation has handed over a donation of UShs. 10 million towards the unveiling of Kagulu Hill, in Busoga Region.

In Picture (Left - Right) Hon. Speaker of Parliament and Patron of the Busoga Tourism Initiative(BTI) Rebecca Kadaga, MTNs Corporate Affairs Manager, Justina Ntabgoba, MTNs GM Corporate Services, Anthony Katamba & Hon Edward Baliddawa, MP Kigulu County North Iganga District

 

Kagulu Hill located in Buyende District and some 30km from Kamuli town is an imposing attraction that apart from its scenic splendor has deep cultural and historical significance in Busoga.

Kagulu Hill rises at 3,600ft above sea level and while at its summit, it offers a magnificent panoramic view of Busoga, Lango and Teso regions.

The combination of the majestic impression of the rock and the scenic beauty that it offers of its surroundings and the cultural heritage it signifies have for many years drawn the locals to Kagulu Hill.

“Uganda is endowed with plenty of natural and cultural resources which can form the basis for a very lucrative industry, creating employment and generating income, and as MTN Uganda, we realize and understand that tourism has the power to play a significant role this,” said Anthony Katamba, GM Corporate Services, MTN Uganda.

The Honorable Speaker of Parliament and Patron Busoga Tourism Initiative, Rebecca Kadaga, said that MTN Uganda’s contribution will go a long way in supporting the initiatives efforts in making Kagulu Hill a valued tourist attraction added to the Eastern Uganda Tourist Circuit and be able to spur socio-economic transformation of the people of Busoga.

She thanked the MTN Uganda Foundation for their support towards the drive.

As part of the effort to raise awareness to a much wider audience of this beautiful attraction in Eastern Uganda, the Busoga Tourism Initiative (BTI) is organizing an official unveiling of this jewel through a climbing competition scheduled for the 11th May 2013.

Since 2009, in the area of tourism, the MTN Foundation has partnered with Community Based Tourism Initiative (COBATI), a non profit NGO whose main purpose is to support local people in Uganda to participate and benefit from tourism and its related initiatives. MTN’s partnership with COBATI was specially designed to empower the Nubian Community in Bombo, and indeed Uganda as a whole, through rural-based tourism.

The Nubians are essentially known and reputable for preserving their cultural heritage and traditions, expressed through unique colourful handcraft, dance and culinary skills.

“We are a multi-faceted cultural country. This directly means that we have a lot to show the world. We have various traditions practices that in such colourful and beautiful ways capture our way of life which besides being a source of national pride, should be used to better our lives,” Katamba concluded.

The MTN Uganda Foundation is a not-for-profit legal entity that was inaugurated in July 2007 as a vehicle through which MTN Uganda implements its’ Corporate Social Investments (CSI). The Foundation strives to improve the quality of life in communities where MTN Uganda operates in a sustainable way. Over the past five years since its launch, the MTN Foundation has supported a number of initiatives in the areas of Education, Health, Arts and Culture, Environment, Community Development and Low cost housing.

The MTN Uganda Foundation partners with both public and non-profit credible organizations to execute sustainable projects in each of the chosen focus areas. The Foundation is committed to ensuring that the selection and approval of its projects are conducted in a manner that is transparent, systematic, efficient, and effective while promoting its mission.

In 2013 and onwards, the MTN Foundation will focus on three key areas so as to leverage scale to achieve significant development impact.

The three sectors will be Education, Health and National Priority Areas under which Tourism falls.

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