Africa

Africa: AfDB and AU to Fund USD 4.8 Million to Install the FEEZ Secretariat

Published

4 ans ago

août 16, 2019

Africa: AfDB and AU to Fund USD 4.8 Million to Install the FEEZ Secretariat

The African Development Bank (AfDB) Group and the African Union (AU) have signed, on August 8, 2019, a $ 4.8 million grant agreement for the establishment of the Free Zone Secretariat. African Continental Exchange (ZLEC). Albert Muchanga, Commissioner for Trade and Industry of the African Union, and Andoh O. Mensah, representing the Director of the Department of Industry and Trade Development of the African Bank, have in turn signed the document. grant contract.

These USD 4.8 million funds will be used judiciously to support the protocols for the structure and mandate of the FEEZ secretariat based in Accra, Ghana.

Its agreement was approved by the Bank’s Board of Directors on April 1, 2019 and is part of the institution’s actions to accelerate the implementation of the Free Trade Agreement, a real lever for economic transformation of the continent and the integration of 55 countries.

African leaders met in July 2019 in Niamey, Niger. On this occasion, they launched the implementation phase of the free trade agreement concluded in March 2018. At present, 54 states have signed the agreement and are about to enter into formal negotiations. before the effective implementation of the agreement, scheduled for July 2020.

The continental free trade agreement, bringing together 55 African countries with a total gross domestic product of over $ 2.5 trillion, aims to help the continent create the largest free trade area in the world. It is a powerful integration asset that can raise the level of intra-African trade, currently estimated at around 16%.

The trade agreement, meanwhile, is expected to increase intra-African trade by up to $ 35 billion a year, facilitate the flow of goods, services and people across the continent and reduce imports. billions of dollars, while boosting agricultural and industrial exports by 7% and 5% respectively.

« The agreement will help stabilize African countries, and thus enable small and medium-sized businesses to thrive. It will also accelerate the process of industrialization of the continent and thus lift millions of people out of poverty, « said Andoh O. Mensah of the African Bank.

Nadine FULA

Africa

DRC : Tenders for tailings storage works at MMG Kinsevere

Published

3 ans ago

mars 16, 2021

Zoom Média

PUBLIC NOTICE – MMG Kinsevere SARL hereby announces to the public within the Democratic Republic of Congo that the following tenders are currently being prepared and finalised for future works to be undertaken at the Kinsevere Mine site.

Africa

DRC: Launch of Tender for Laboratory Services At MMG Kinsevere

Published

3 ans ago

mars 4, 2021

Zoom Média

MMG Kinsevere SARL hereby announces to the public the launch of the tender for Laboratory Services for Mining and exploration.

All intertested and qualifying entities need to submit their respective company files as per the below list of requirements detailing their expression of interest for the above tender by no later than 10 March 2021.

Africa

DRC: USD 100 million for the construction of the major cultural centre for Central Africa

Published

4 ans ago

octobre 14, 2019

La Rédaction

DRC: USD 100 million for the construction of the major cultural centre for Central Africa

Prime Minister Ilunkamba has just authorized, on Monday, October 14, 2019, the Minister of Urban Planning and Housing Then Mwabilu and the Minister of State for International Cooperation Guillaume Manjolo to sign two orders.

This, after his visit to the site where the great Cultural and Artistic Centre of Central Africa will be built as well as the INA Buildings, the National Institute of Arts, where he ordered the resumption of work.

The first decree concerns the postponement of the decree of 14 October 2016 and the second concerns the decommissioning of a portion of land in favour of Sino-Congolese cooperation.

The Chinese company BEIJING URBAN CONSTRUCTION GROUP is in charge of building this large Centre for 30 months. The cost of the work is estimated at US$100 million.

After this visit to the field, the head of the Ilunga Ilunkamba Government himself presided over the signing ceremony of these two ministerial decrees for the implementation of the Chinese government’s donation to the DRC.

There was talk of ending the superposition of orders first by repealing the one that granted the same concession to Richesse Taylor.

It should be noted that the cultural and artistic centre, one of the largest in Central Africa, will constitute, according to the Minister of State for Cooperation Guillaume Mandjolo, an innovative source for the public treasury and restore the DRC’s position as a leader in the world of African culture.

This large Centre will be located between the triumphal boulevard and Assossa avenues, a few metres from the People’s Palace.

The construction of this important cultural building includes the large 2,000-seat theatre, the small 800-seat theatre, meeting rooms, the gymnasium and a car park.

Nadine FULA