Agribusiness attracts 80% of FACRA funding

The agribusiness sector consumed 80% of the amount financed by Fundo Activo de Capital de Risco Angolan (FACRA) from 2020 to 2023, through the Informal Economy Reconversion Programme (PREI).

The information was released by the secretary of State for the Economy, Ivan dos Santos, at the usual briefing of the Ministry of Economy and Planning (MEP).

He said that in light of Decree 98/20 on economic relief measures, FACRA financed 5,372 projects, worth 5.3 billion Kwanzas, while 4 billion kwanzas (80%) addressed to agribusiness and 20% to other sectors.

Ivan dos Santos said that this microcredit component reached the entire national territory, with Luanda having a “greater tendency, depending on the characteristic, with 1,108 projects having been financed, the equivalent of 2 billion kwanzas, generating 7,816 jobs.

“The credit was managed by the microcredit agencies, there is a disparity between funding for men and women, mostly women, especially young people”, he said.

According to the Secretary of State, the target is to reach 11,500 projects in the near future, and resources to finance these projects are being mobilised.

“The PREI’s new guise is aimed at accelerating and opening companies. At the moment, in the PREI process, we are covering agents who have been formalised with access to microcredit. Carry out a survey of those who were formalised and who were not entitled to micro credit”, he reinforced.

PREI is the Programme for the Reconversion of the Informal Economy designed by the Government of Angola to promote the Transition from the Informal Economy to the Formal Economy.

The Formalisation Process is coordinated by the MEP and implemented by an inter-sector team

Source: Angola Press News Agency

Takamaka tree wilt disease resurges on Seychelles’ islands of Curieuse and La Digue

The Seychelles Parks and Garden Authority (SPGA) has begun to tackle the Takamaka tree wilt disease resurgence on the islands of Curieuse and La Digue, said an environment official.

The disease is caused by a kind of bark beetle carrying spores of a fungus and infecting the Takamaka tree when it bores into the bark and, as a result, the leaves fall off and the plant eventually dies, if not treated.

An assessment was conducted on Curieuse in March 2023 to ascertain the gravity of the infection.

“We estimated that 25-30 Takamaka trees have been infected on the coastal plateau from Baie Laraie – near the Ranger’s Headquarters – to Anse Josee near the Doctor’s House,” James Mougal, the forestry and national parks general manager told SNA.

He said that “the infestation rate is between 5 to 100 percent. One hundred percent means that the tree is dead. According to our information, it cost around SCR 2,000 [$150] to treat one infected Takamaka tree. This includes the cost of the fungicide, labour and transportation costs. Initially, we were using ‘Storite’ and ‘Tilt’ fungicides to treat the Takamaka disease.”

Curieuse is a small granitic island close to the second-most populated island of Praslin. The island is a national park managed by Seychelles National Parks Authority and apart from Praslin, it is the second place where the unique endemic coco de mer palm grows in its natural state. The island is also home to hundreds of endemic giant Aldabra tortoises, which were introduced from the Aldabra Atoll between 1978 and 1982.

If not treated the tree will eventually die. (Seychelles News Agency) Photo License: CC-BY

A Seychelles endemic bird, the Paradise Flycatcher, which is found in the La Digue island nature reserve, was successfully relocated to Curieuse.

“This was so that should anything happen to the population of La Digue, there would be others in another safer location,” said Mougal.

He said that with the resurgence of the Takamaka tree wilt, the species on both islands will be affected “as these are the trees they prefer to build their nests in.”

Mougal added that the Takamaka trees are also where the birds find the insects they need to feed on.

A senior forestry officer, Terrence Athanase, told SNA that although there are signs that members of the public may notice the Takamaka tree wilt disease “it is only our experts who have worked with the disease who will be able to diagnose the plant with utmost certainty.”

He added that “this is because, with the South East trade winds, the trees are losing their leaves and this might be mistaken for the Takamaka tree wilt.”

Athanase also explained that the officers are “using the equipment and fungicide we have to deal with the issue and are monitoring the trees’ recovery process.”

However, to be sure that the methods are effective, the forestry officers will have to revisit the affected trees every three months for definite signs of improvement.

Meanwhile, as the division had dealt with the issue of the tree wilt before, Mougal said that it will be doubling down on “enforcing the existing laws that prohibit the transportation of the tree between islands.”

Source: Seychelles News Agency

How many stars?: Seychelles to adopt national grading system for tourism establishments

To better manage the expectation of visitors and achieve a greater degree of standardisation and professionalism within Seychelles’ tourism industry, the Department of Tourism aims to adopt a standardised grading system for establishments.

The tourism principal secretary, Sherin Francis, told reporters that it is important for tourists to be able to learn about each establishment’s standard before making a purchase, allowing them to know what to expect thanks to an established grading system.

She pointed out that it is critical to recognise that the grade of facilities and services available influences a visitor’s choice of destination.

“The national grading system establishes standard levels across the board. To be issued a license, the authorities look at the minimum physical standards – the amenities, the size of the establishment and so forth. However, the aesthetic, and services provided are not necessarily looked at under licenses. If you want to increase the standard of services in a destination these parts are important to be looked at,” said Francis.

The grading system will consist of two programmes – the Star Rating System and the Seychelles Secrets programme – and will better showcase the product diversity, and allow establishments to better market and sell their products.

Establishments with 51 rooms or more will automatically fall under the Star Rating System and will be provided with a star rating between three to five stars. There are 21 hotels that fall under this category and their participation in this grading programme is compulsory. It is optional for establishments with 50 rooms or less to partake in this grading programme.

The Seychelles Secret programme is geared towards smaller establishments like self-catering establishments, guesthouses and small hotels. Here establishments will receive one of three grades – Bronze, Silver, and Gold, following the assessment.

A set of criteria against for evaluation has been developed by the Department of Tourism and comprises physical, comfort, service, universal accessibility and sustainability assessment areas.

Currently, there are over 730 tourism establishments in the country, 75 percent of which are self-catering.

The Department of Tourism will commence this process with a sensitisation programme with the establishment owners, where the purpose and benefits of the grading system will be detailed.

In September, the department will start assessing establishments. The full roll-out of the programme is anticipated to take place about a year from this month.

“It is important that we can assess all mandatory and voluntary establishments before we publish their ratings. We want the ratings to be published at the same time to ensure no participating establishment is placed at a disadvantage,” said Francis.

In May this year, the Cabinet of Ministers approved the Tourism Development Standards Regulations. Once the regulations come into force and the tourism department launches the grading programme officially, the establishment will no longer be able to publish any other rating system currently being used unless it is one provided by the department.

Once graded, establishments will be issued a plaque, with the grading, which they will be able to showcase in a visible area of the establishment.

The director for product development, Sinha Levkovic, outlined that “once an establishment is graded, the grading will be valid for 2 years.”

She added that “normal routine visits will continue and we will look to see if the standard is being maintained, but the formal reassessment will take place close to the end of the two years.”

Source: Seychelles News Agency

The government will continue to support automotive industry to thrive-Trade Minister

Government will continue to provide a stable and forward-looking policy environment and incentive framework for the Automotive industry to thrive, Mr K.T Hammond, the Minister of Trade and Industry, has said. ‘Together, we are fully invested in the vision of developing the automotive industry and we cannot afford to fail,’ he added. Mr Hammond was speaking at the maiden edition of the Ghana Automotive Summit 2023 and the inauguration of the Automobile Assemblers Association of Ghana (AAAG) on the theme: ‘Creating a new economic backbone for Ghana and the Sub-Region’ in Accra. The summit brought together leading experts and industry professionals in the sector to discuss the latest trends, challenges, and opportunities in the automobile industry. The AAAG membership includes Volkswagen Ghana, Japan Motors, Rana Motors, Kantanka Automobile, Silverstar Ghana, and Stallion Group Toyota-Tsusho Company with Associate members being Toyota Ghana and CFAO Motors Ghana. The Minister said the Government had always been clear that its strategic transformation of the economy could not be achieved without active participation and partnership with the private sector. He said such a partnership would ensure that Ghana crystalised its emerging position as an attractive manufacturing hub in Africa, and actively contributed to expanded continental trade and investment. Mr Hammond said the automotive market was expected to grow from 1,325,890 units in 2023 to 1,777,690 in 2028, at a Compound Annual Growth rate of 6.04 per cent. Over the medium term, the market is expected to grow rapidly due to the goverment’s supportive incentives, urbanization, and infrastructural development across major cities. He said it had been recognised that this was a major market opportunity that no country could tap into its own strength. ‘This is where the intermediation role of the AfCFTA Secretariat and the financing muscle of AFRIEXIMBANK can make a big difference for emerging automotive hubs in Africa, such as Ghana,’ he said. He said harnessing these opportunities, greater cross-country investment cooperation, harmonization of efforts, and innovation-sharing were required. The Minister said there was no better way to plug into the industry with concerted efforts, except through constructive dialogue initiatives such as this maiden Automotive Summit. He said the country’s Automotive Development Policy opened the gateway for private sector investment targeted at the Automotive Assembly segment of the industry. He said since the opening of this floodgate, six Vehicle Assembly Plants producing Eight Global Brands of Vehicles for the domestic, regional, and continental markets had established their presence in the country. These are Volkswagen, Toyota, Suzuki, Nissan, Peugeot, Hyundai, Changan, KIA, and Kantanka Automobile Limited. Mr Jeffrey Oppong Peprah, AAAG President, said one of the key drivers of the automotive industry in Ghana had been the government’s commitment to improving the business environment and promoting foreign investment through its Automotive Development Policy. He said the policy sought to make Ghana a fully integrated and competitive industrial hub for the automotive industry in the sub-region. This has included efforts to streamline the import and export process, as well as the development of infrastructure such as ports and roads, through its customs procedures as well as incentives for homegrown assemblers. He said because of the policy, the industry had made significant progress, with several major automakers establishing their presence here in Ghana and local businesses increasingly participating in the automotive value chain. Mr Oppong Peprah said this had not only brought much-needed jobs and economic activity to the country, but it has also opened opportunities in the finance, supply chain, and tech ecosystems. He said AAAG and the African Association of Automotive Manufacturers were also currently working closely on component study tours to boost the manufacturing capacity in the sub-region while attracting potential investors into the Ghanaian automotive market.

Source: Ghana News Agency

GTEC cautions against advertisement of unaccredited institutions

Professor Mohammed Salifu, the Director-General (DG) of the Ghana Tertiary Education Commission (GTEC), has cautioned the media against advertising programmes and institutions of higher education that have no accreditation. He said it was incumbent on the media to verify accreditation certificates of institutions and programmes before it advertised same, as failure to do so, would attract a jail term, hefty fine or both, per the GTEC Act of the Education Regulatory Bodies Act 2020, Act 1023. Professor Salifu, who gave the caution at the Second Congregation of the Clement Kubindiwo Tedem – University of Technology and Applied Sciences (CKT-UTAS) in Navrongo, Upper East Region, said ‘This must serve as a timely reminder at this time when Universities are advertising for students, for everyone to be aware of their obligation under the law. ‘Our news media too must take note that under the law, it is an offence to advertise a programme or an institution of higher education for the purpose of soliciting for students without first verifying the certificates of accreditation. ‘The advertising media house would be as guilty as the institution that is causing the advertisement to be done. The offence is considered so serious under the law that it attracts a jail term and hefty fines or both. ‘So please beware, and let us be up and doing in relation to our obligations under the accreditation requirements,’ the DG of the GTEC, who was the Special Guest of Honour for the ceremony, cautioned. Professor Salifu expressed concern that some higher education institutions in the country were guilty of the law, as they ran unaccredited programmes and their ‘so-called study centres across the length and breadth of the country without the necessary accreditation.’ He insisted that all responsible higher education institutions must obtain appropriate accreditation before they mounted course offerings and said the GTEC would deal with such infractions much more robustly and in strict adherence to the GTEC Act. The Vice-Chancellor (VC) of the CKT-UTAS, Professor Eric Magnus Wilmot, said the mandate of the University was to provide higher education, undertake research, and disseminate knowledge related to development in the integrated technology and applied sciences. He said to achieve the mandate of the University, management had adopted assessment criteria which placed premium on continuous assessment rather than the single shot end-of-semester examinations. ‘Our students are also to undertake hands-on industrial experience during their training through attachments in industries and other institutions whose activities are related to their programmes of study in levels 200 and 300 of their study in the University. ‘We believe the mode of training our students with emphasis on continuous assessment is the best way to train Scientists of our time for the development of our country and beyond,’ the VC said. Professor Wilmot said the University had a Directorate of Academic Planning and Quality Assurance Office to ensure that its programmes were not watered down. ‘As a consequent, apart from reaccreditation of six programmes of some of the programmes we inherited from UDS, the University has submitted 24 new programmes to GTEC and these programmes are at various stages of the accreditation process.’ Professor Wilmot indicated that more programmes would be submitted for accreditation as soon as they passed the first scrutiny and evaluation at the Academic Programmes Committee level and the Academic Board. ‘It is our plan, when given more financial clearance, to add a School of Engineering in the hope of introducing programmes in aeronautic engineering as well as electric and auto engineering among others,’ the VC said.

Source: Ghana News Agency

UMS Loum against Eto’o’s deal with betting company

Littoral-based football club UMS Loum, have filed a complaint to the FECAFOOT Ethics Commission, accusing Eto’o of violating the code of ethics.

The FECAFOOT president signed a deal with a betting company a month ago, portraying what UMS Loum have described as “conflict of interest”.

Referencing the FECAFOOT code of ethics, the two-time Cameroon champions believe Eto’o’s personal interest is preventing him from fulfilling his duties properly as president.

The Secretary-General of the Loum football club, Roger Tcheuko, said they fear to have their image tarnished as a subentity of FECAFOOT. He pointed out that “someone in Eto’o’s position is not supposed to be associated with betting, lottery games and any other similar activity in relation to football matches.”

“FECAFOOT has as responsibility to protect the image of Cameroon football. It preserves its image and that of the members” Mr. Roger Tcheuko quoted the preamble of the FECAFOOT code of ethics in a communique dated June 26.

He indicated that while the complaint gainst Eto’o is being examined, the Minister of Sports and Physical Education, the Secretary-General of FIFA, and the Secretary-General of CAF “have all been informed and will be updated on the latest developments”.

UMS Loum finished the 2022/2023 Elite One season in the third position with 34 points in Group A. During the season, they threatened to withdraw, complaining about FECAFOOT’s failure to pay their subventions which led to chaos within the team.

Eto’o’s election in December 2021, came as assurance to many who knew his arrival would end FECAFOOT’s decade-long crisis. Surprisingly, the problems that have surfaced in his own mandate so far, seem more immense than many had imagined.

Source: Cameroon News Agency