World Bank

Subrahmanyam new J&K Chief Secy; Kumar, Vyas Advisers to Governor

Srinagar, June 20 Chhattisgarh-cadre IAS officer B V R Subrahmanyam was on Wednesday appointed as the Chief Secretary of Jammu and Kashmir in place of B B Vyas, who along with anti-Naxal expert K Vijay Kumar were named advisers to Governor N N Vohra, according to an official communique. The names of advisers were cleared by the Union Home Ministry after the state was put under the Governor’s rule today, following withdrawal of support by the BJP to…

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EIB to support solar project

Up to USD 11.75 million loan from the European Investment Bank (EIB) provided in support of the 34 MW* Ngonye solar power plant in Zambia The project is promoted by multinational energy company Enel and will also be supported by loans from the IFC (World Bank Group) and IFC-Canada Climate Change Program In a continued effort to back the development of solar power on the African continent, the EIB has signed a loan agreement of up to USD 11.75 million in…

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Aid Transparency Index 2018 – World

Executive Summary The past year has been a complex and challenging one for aid and development transparency. To help fulfil development needs and ambitious global objectives, such as the Sustainable Development Goals (SDGs), more and better aid and development finance than ever is required, especially at a time when some donors’ budgets are being reduced. To help meet this demand, more actors – including development finance institutions (DFIs) and others from the private and humanitarian sector – have become more…

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Presidency To Share Over $320M Abacha Loot To Nigerians?

The Federal Government is making final preparation to disburse $322 million fund repatriated from the accounts of former Head of State, late General Sani Abacha in Switzerland to Nigerians.The National Coordinator of the Open Government Partnership (OGP), Nigeria and Special Assistant to the President on Justice Reforms, Juliet Ibekaku-Nwagwu disclosed this recently in an interactive session with newsmen. Ibekeaku-Nwagwu said under MoU with Switzerland the funds would be paid directly into the accounts of the poorest Nigerians through their various…

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Chimps and orangutans could be extinct soon, scientists warn

Chimpanzees and orangutans are on the brink of extinction, a top scientist has warned. Brazil, Madagascar, Indonesia, and the Democratic Republic of Congo alone harbor two-thirds of all primate species – and a staggering 60 percent of those are threatened with extinction. Among the primates at risk are chimpanzees, orangutans and lowland gorillas. Species in Madagascar and Indonesia are thought to be most at risk, with 90 percent reporting a rapid decline in numbers. Conservation expert Professor Anna Nekaris warned:…

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Power woes hit Nigeria’s football fans | Sports

Football-mad Nigerians gather at a fan zone in Lagos to watch their national team play. Photo: AFP LAGOS: Football-loving Nigerians had more than one reason to groan about the country’s opening World Cup game: not only did they lose 2-0, many weren’t even able to see the whole match. Some viewers complained that seasonal rains affected the signal to the satellite television channel broadcasting Saturday’s match against Croatia. Then, the power went off completely. The Transmission Company of Nigeria (TCN)…

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Power woes hit Nigeria’s football fans

Victor Moses of Nigeria (Getty Images) Lagos – Football-loving Nigerians had more than one reason to groan about the country’s opening 2018 Soccer World Cup game: not only did they lose 2-0, many weren’t even able to see the whole match. Some viewers complained that seasonal rains affected the signal to the satellite television channel broadcasting Saturday’s match against Croatia. Then, the power went off completely. The Transmission Company of Nigeria (TCN)…

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Kenya, EU to invest Ksh 5.26B in value chain programme

The government in partnership with the European Union (EU) is investing 5.26 billion shillings in a value chain programme that will mainly target small scale farmers. The seven year programme targets to enhance food security, create jobs, raise incomes and enhance market access. The success of two pillars of the government’s focus areas namely food security and manufacturing, is dependent on the success of the agriculture value chain that ensures that small holder farmers are accommodated within a functional agriculture…

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Family ties make Faroese women Europe’s top baby makers

Family ties make Faroese women Europe’s top baby makers  19 Jun 2018 – 13:24 Gunnhild Helmsdal (L) and her husband Eli Joensen (C) have dinner with their children at their home on June 5, 2018, in Hoyvik, on the Streymoy Island, the largest of the Faroe Islands in this Atlantic ocean archipelago nation. AFP / Pierre-Henry DESHAYES Hoyvík Faroe Islands, Denmark: Gunnhild Helmsdal’s mailbox has six names printed on it and will soon add a seventh: having a big family…

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FG to disburse $322 million Abacha loot directly to poor Nigerians

The Federal Government is making final preparation to disburse $322 million fund repatriated from the accounts of former Head of State, late General Sani Abacha in Switzerland to Nigerians. The National Coordinator of the Open Government Partnership (OGP), Nigeria and Special Assistant to the President on Justice Reforms, Juliet Ibekaku-Nwagwu disclosed this recently in an interactive session with newsmen. Ibekeaku-Nwagwu said under MoU with Switzerland the funds would be paid directly into the accounts of the poorest Nigerians through their…

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Good advice from the World Bank

Going on the evidence so far, Prime Minister Andrew Holness is correct in stating that fiscal discipline is now a part of the DNA of the Jamaican Government, regardless of which of the two major political parties forms the Administration. Indeed, Mr Holness, in his address to last week’s Jamaica Investment Forum in Montego Bay, pointed out that during the years when Jamaica faced deep economic crisis, civil society, as well as the business and political classes, united to support…

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Malaysian Youth Help Refugee Families Rebuild Lives with Homecooked Food – Malaysia

STORY HIGHLIGHTS The Picha Project is a social enterprise that provides refugees living in Kuala Lumpur an opportunity to earn income by cooking and catering traditional food for events; they are especially busy at festive times like Ramadan. After noticing many refugee children dropping out of school, the young entrepreneurs behind the Picha Project started the enterprise four years ago and today, they continue to have a close relationship with the 12 refugee families involved and their clients. It is…

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PNG Prime Minister Peter O’Neill visits Beijing to sign One Belt, One Road trade deal – Business

Posted June 20, 2018 11:54:09 Papua New Guinea’s Prime Minister Peter O’Neill is arriving in China for a week-long visit to strengthen ties with Beijing and to sign the controversial One Belt, One Road initiative. Key points: Peter O’Neill says he won’t be seeking any new loans while in China PNG is also planning to renegotiate the funding of the Pacific Marine Industrial Zone China is PNG’s largest bilateral creditor, with PNG owing it nearly $2bn in concessional loans PNG…

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Vocus to build subsea cables connecting PNG and Solomon Islands

The government has awarded Vocus a $136.6 million contract to build the Coral Sea Cable System. The new cable system will connect Papua New Guinea and the Solomon Islands to Australia and will be majority funded by the Australian government. “Australia’s strong support for this project is a reflection of our enduring commitment to the Pacific, where we work with partners to support the region’s stability, security and prosperity,” said a statement released by foreign minister Julie Bishop. “Boosting connectivity…

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Ugandan Agriculture Must Commercialize to Drive Economic Growth and Reduce Poverty

Uganda,United States : Ugandan Agriculture Must Commercialize to Drive Economic Growth and Reduce Poverty Jun 19, 2018 (Euclid Infotech Ltd via COMTEX) — The Government of Uganda and the World Bank today launched Closing the potential performance divide in Ugandan agriculture report that provides an unprecedented review of the structural context of Ugandan agriculture, its main actors, and the trends, opportunities and challenges the sector is facing. Agriculture is Ugandas green gold that can transform the economy and the lives…

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