SADC heads meet
GOVERNMENT| Aug. 19, 2012, 10:22 a.m.
SADC Heads of State met in Maputo this weekend to review regional integration and investment, among other matters.
During the meeting, the Summit elected Armando Emilio Guebuza, the President of the Republic of Mozambique and President Joyce Banda of the Republic of Malawi as Chairperson and Deputy Chairperson of SADC, respectively. The Summit also elected Jakaya Mrisho Kikwete, President of the United Republic of Tanzania and H.E. President Hifikepunye Pohamba of the Republic Namibia as Chairperson and Deputy Chairperson of the SADC Organ on Politics, Defence and Security Cooperation, respectively.
President Guebuza indicated that his chairpersonship would, amongst others, focus on the Development Corridors as Vehicles for SADC Regional Integration that need to be harnessed due to the role they play in consolidating social dimensions of development and the regional integration process.
The Heads of State focused on peace initiatives in the SADC region, as well as the need to deepen regional integration, improving the economic situation and the alleviation of poverty.
Speaking at the Summit, Donald Kaberuka, President of the African Development Bank (AfDB), said there were liquidity challenges at the global level, arising from the Eurozone crisis, and challenged member states to mobilise resources for investment in projects for Africa and particularly for the SADC Region.
The Summit noted that the economic performance of the region was characterized by a slow economic growth as shown by a decline in real GDP from 5.5% in 2010 to 4.7%, in 2011 and a stagnant level of average inflation at 8.3%. This trend was largely influenced by developments in the global markets especially in the Eurozone.
The Summit also reviewed progress in the implementation of the regional economic integration agenda; and received a report on the framework of the SADC Customs Union from the Ministerial Task Force on Regional Economic Integration outlining key elements for the Customs Union, in particular the parameters, benchmarks and a model Customs Union for SADC including the sequencing of activities. The Heads of State noted progress made towards the establishment of the Tripartite Free Trade Area, especially preparatory work to facilitate negotiations under the chairpersonship of the SADC Region.
The Summit also noted progress made towards the operationalization of the SADC Regional Development Fund, a financial mechanism intended to mobilise resources from member states, private sector and development partners to finance programmes and projects for regional development and deeper integration. The Summit noted areas of agreement reached in the various aspects of the Fund, including the windows of the Fund with the infrastructure and industrial development windows as top priorities and a subscribed capital of USD1.2 billion to be raised as seed capital.
MORE GOVERNMENT NEWS
NCA refutes allegations on Afriwave contractThe National Communications Authority (NCA) has refuted allegations raised by think tank IMANI Ghana which sought to question the integrity of the process that led to the award of an interconnect clearinghouse license to local IT firm Afriwave Telecom. Read More
CEO not evading court papers, says MTNMTN Nigeria has rejected reports in the media which claimed that its CEO, Mr. Ferdi Moolman, had been evading service of court papers by the Nigerian Copyright Commission (NCC) over allegations of copyright infringement. Read More
N780b fine: MTN must pay before out-of-court settlementMTN Nigeria must pay substantial part of the N780billion fine imposed on it for SIM registration infraction before contemplating out-of-court settlement, ComTech Minister, Adebayo Shittu has insisted. Read More
Kenya, Uganda collaborate on electronic cargo trackingThe Kenya Revenue Authority (KRA) and the Uganda Revenue Authority have signed an MOU on the establishment of an Electronic Cargo Tracking System (ECTS). Read More
Cashless Africa 'achievable through partnerships'The Alliance for Financial Inclusion (AFI) has renewed its partnership with MasterCard at the African Mobile Phone Financial Services Policy Initiative (AMPI) meeting. Read More
ICT CS launches free Internet for Schools programme in Machakos CountyKenya’s ICT Cabinet Secretary Joe Mucheru has lauded Airtel for its commitment to support e-learning in Schools by providing free internet connections to schools in Kenya through the company’s Free Internet for Schools programme. Read More
BITC launches online trade portalAs part of efforts to improve trade facilitation, the Botswana government, through the Botswana Investment and Trade Centre (BITC), has launched a web-based platform designed to help improve the ease of doing business. Read More
Ghana MPs struggle with digitised chamberGhana’s parliament almost came to a standstill earlier this week, when members of parliament battled to make use of new digitised desks installed in the chamber. Read More
Over 10,000 applications for BTCL sharesBatswana have come out in record numbers to submit their Offers for BTCL shares, with around 1,000 applications per day at Barclays Bank branches across Botswana. Read More
FEATURED STORYViber Spreads Good Vibes in Africa with the introduction of public chats
Viber, one of the leading messaging and calling apps with more than 664 million unique users worldwide, has opened its latest social channel ‘Public Chats’ to partners in Africa and the Middle East.
BEST READ NEWS
IN DEPTHPoised for greater heights – Roshi Motman, AfricaCom CEO of the Year Winner
Roshi Motman is not your average CEO. Since taking up the reins as the first female CEO of Tigo Ghana in 2014, she has led the Tigo brand through a remarkable transformation.
COMPANY NEWSDStv Eutelsat Star Awards winners named
Students from Ghana and Zimbabwe have scooped top honours at 5th edition of DStv Eutelsat Star Awards organised by MultiChoice Africa and Eutelsat.Arbor Networks maintains leadership in IHS Infonetics Report on DDoS prevention appliances
Arbor Networks was identified once again as the top supplier of DDoS mitigation appliances overall, as well as in the Carrier, Enterprise and Mobile market segments, according ...