LG will make Ghanaians even smarter with G3

LG electronics, is going to make Ghanaians smarter by launching G3, a smartphone which is brought in the market under the concept ‘Simple is the New smart’. LG is the brand which leads the global market.

‘G3 is the best innovation in a fast evolving smartphone market’, Cheolhong Park, the Branch Manager of LG electronics West Africa Operations, said. According to Mr. Park, G3 is the link between modern technology and the simplified one. It has various salient features like 5.5 inch Quad HD display with four times the resolution of HD, and two times higher resolution than a Full HD display for a better, clear and real color. It has 13 MP Optical Image Stabilizer Plus (OIS+) camera with Laser Autofocus which will prevent the blurredness of a picture. Read More….

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Ghana’s financial services sector will get a hike

Ghana’s financial services sector will get a hikeTOA- Ghana: Leapfrog Investment has announced to invest GH375m to boost up the Ghana’s financial growth. LeapFrog is the world’s largest dedicated equity investor in emerging markets financial services, with partner companies serving 22.7 million people across 16 countries. Ghana is a primacy country for the firm. “With its liberal, stable market and forward-looking investment climate, Ghana is a regional leader,” said Doug Lacey, LeapFrog partner. “Given the vast number of consumers demanding financial tools for the first time, the Ghanaian financial services sector is an exceptional investment opportunity,” he added.  Read More….

Development of Mali: The gradual return of partners

Development partners such as UNDP, the U.S., the French Development Agency, the World Bank, the International Monetary Fund … strongly committed to respect the constitutional order and the rule of law, and had suspended all help our country, with the exception of humanitarian assistance that fell within the emergency in a country occupied nearly two-thirds by terrorism. Our country already economically fragile had thus experienced in the wilderness, because the power transition has been weaned hundreds of billions of FCFA that development partners are drained annually as budget support and other. It could also be otherwise when we know that the institutions of the international cooperation plays a role increasingly greater role in development issues of states with fragile economies like ours. As an illustration, at least 30% of the national budget Mali consists of official development assistance, if one believes national experts. In addition, it finances public investment in our country at 70%, or 300 to FCFA 400 billion, according to the same sources. So just why Malians do not hide their hope in relation to the recovery for some time, international cooperation with our country, even if some partners are still in the announcement effects. The observers opinion well steeped in question, this attention Mali is the subject sounds like the recognition of how dominant that our country has played in recent years in the international arena to improve the effectiveness of role development aid. As a reminder, Mali participated in various surveys monitoring the Paris Declaration on Aid Effectiveness (2006-2008). Anything that had allowed the principles of aid effectiveness of attention at ministerial level at the third High Level Forum on Aid Effectiveness held in Accra in September 2008 and provide concrete to develop the preparation of the action is out program bases. The third and final round of monitoring which helped establish to what extent the objectives of the Paris Declaration have been achieved, was coordinated by Mali in 2011 and relied on the results of surveys in 2006 and 2008. According to experts, participating in surveys in 2006, 2008 and 2011, Mali has helped demonstrate the importance of monitoring the effectiveness of aid to improve its impact on development.

 

However, if they are pleased with the partial recovery of state aid to Mali, many of our countrymen have real concerns over the mobilization of 3.2 billion Euros, more than 2000 billion FCFA promised to our country during the donor conference in mid-May 2013. These concerns are justified as they remember that the slowness was criticized in the disbursement of the Trust multi-donor funds in Southern Sudan. Worst deficiencies in results were noted in the management of the fund.

National Day Celebration of Malawi on 6th July, 2013 in Hyatt Hotel, New Delhi

National Day Celebration of Malawi on 6th
July, 2013 in Hyatt Hotel, New Delhi

 

 

Ethiopia helps import 2000 trucks from China

Truck

The Ministry of Works and Urban Development on Ethiopia is facilitating truck procurement for better performing contractors and transporters who are involved in the government’s housing projects. The facility concerns 2000 trucks to be imported from China.

 

 

Arkebe Equbai, State Minister of Works and Urban Development, told a press conference on Thursday that the would-be beneficiaries will have to pay upfront thirty percent of the purchasing price of the trucks and will have access to secure loans from the Commercial Bank of Ethiopia (CBE) to cover the balance. The acquisition of the trucks has already been finalized, according to Arkebe.

The trucks are supplied by one of the biggest Chinese car manufacturers called SINOTRUK, Arkebe said. Half of the 2000 heavy-duty cars have a loading capacity of 16 cubic meter while the rest have a 40-ton capacity with trailers. The ministry is finalizing short-listing the would-be contractors and transporters who will be entitled to secure bank loans and purchase the trucks. The dump trucks will be sold to contractors while the others are allotted for transporters.

CGC Overseas Construction Eth. Ltd. yesterday signed an agreement with the government to import the trucks from China.  In addition to the importation of the trucks, the ministry will facilitate the procurement of 200 crushers and loaders for the housing development program.

The state minister said that the price of selected materials and other major inputs such as sand and gravel has witnessed unprecedented hike, while the supply was declining due to rising demand. Asked if the price hike in construction materials would increase the price of newly built condos, the state minister indicated that the increase could occur because “the government will not subsidize housing projects.”

The ministry has also implemented other various initiatives including loan facilities to existing and new civil contractors and consultants and ease of requirement to secure licenses in order to enhance the housing development program. New and existing contractors and consultants who are involved in the housing projects will have access to secure up to 250,000 loans from CBE, according to the state minister.

During the last couple of years, the government has launched the construction of condominiums in 36 cities across the country including Addis Ababa, a part of which is being finalized. The government will extend the housing projects to 19 more cities, according to the state minister.

The ministry’s five-year plan ending 2010 envisages the construction of 400,000 condos in different cities across the country, which is projected to consume 20 billion birr.