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MONDAY | DECEMBER 22, 2014 Title Code: DELENG18579 • RNI NO: DELENG/2014/54666 • Postal Registration No.: DN/325/2014-2016 • VOL. 1 • NO. 50 • Page 12 • Price `10
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Miss South Africa
crowned
Miss
World
T
his year’s Miss World pageant was won this year by 22-year-old South African
Rolene Strauss.
Strauss was crowned Miss World 2014, taking over from last year’s winner
Megan Young of the Philippines. Strauss becomes the third South African to win the title.
Miss Hungary, Edina Kulcsar, was first runner-up, and Miss USA, Elizabeth Safrit, came
third.
Miss Uganda, Leah Kalanguka only succeeded to make it to the top 25 in the People’s
Choice category, acknowledgements to the online campaign that got people casting votes
for her. Unluckily, she does not appear in any other category. This can be credited to the
fact that she arrived later than other contestants in the Miss World boot camp in London.
She does not perform in the rest of the categories including beach fashion, multimedia,
CAPE VERDE
ON TRACK
It’s 100%
UNTOUCHED:
Equatorial
Guinea
Get Unin-
terrupted
Power
Solutions
Mozambique
launches new
international
airport
AFCON 2015:
Equatorial
Guinea
preparations
underway
Wassupafrica02
Colossal statue of Amenhotep III unveiled in Egypt
Phone charging made simple
Archaeologists unveiled
a restored colossal statue
of Amenhotep III that was
toppled in an earthquake
more than 3,000 years ago
at Egypt's famed temple city
of Luxor.
The statue showing him
in a striding attitude was
re-erected at the northern
gate of the king's funerary temple
on the west bank of the Nile.
The temple is already famous
for its existing 3,400-year-old
Memnon colossi - twin statues
of Amenhotep III whose reign
archaeologists say marked the
political and cultural zenith of
ancient Egyptian civilisation.
The 12.92-metre (43-foot)
statue unveiled stands west of
an existing effigy of the king, also
depicting him walking, which was
unveiled in March.
The world-famous twin
Memnon colossi are 21 metres tall
but show the pharaoh seated.
The restored statue now
stands again for the first time
since its collapse 3,200 years ago,
Sourouzian told AFP from Luxor.
Consisting of 89 large pieces
and numerous small fragments
and reassembled since November,
the monolith weighs 110 tonnes.
It had lain broken in pieces
after the earthquake in 1200 BC,
Sourouzian said. The statue shows
the king wearing the white crown
of Upper Egypt, and each hand
holding a papyrus roll inscribed
withhisname,liketheonestanding
next to it that was unveiled earlier
Rwanda's Henri Nyakarundi founded
African Renewable Energy Distributor
(ARED) to give renewable energy
solutions to the public and private
sectors in his home country Rwanda
after failing to find a place to charge his
phone from.
However, he never imagined that
his idea would ever cross the border.
Now with great success in Rwanda
and Burundi, he is aiming at launching
a similar project in Kenya and across
the East African region. His Mobile
Charging Kiosk dubbed SharjaVuba
is set to help thousands who are
not connected to grip electricity with
alternative energy from solar power and
photovoltaic technology.
Nyakarundi is implementing a
franchise business model, where
business minded individuals will pay
this year.
His belt, holding a
dagger with a falcon-head
handle, is fastened with a
rectangular clasp bearing
the names of the king.
Work to conserve the
Amenhotep III temple is
entirely funded through
private and international
donations. Pharaoh Amenhotep III
inherited an empire that stretched
from the Euphrates to Sudan,
archaeologists say.
The 18th dynasty ruler became
king aged around 12, with his
mother as regent. Amenhotep III
died in around 1354 BC and was
succeeded by his son Amenhotep
IV, widely known as Akhenaten.
Luxor, a city of some 500,000
people on the banks of the Nile
in southern Egypt, is an open-air
museum of intricate temples and
pharaonic tombs.
Modern Ghana
Mozambique launches new
international airport
M
ozambique's President
Armando Guebuza
inaugurated a new
international airport in the
northern port city of Nacala, which
is shortly to be Brazilian mining
giant Vale's main hub for coal
exports. The estimated cost of $200
million has been partly financed
by a loan from the Brazilian state-
bank, BNDES. Brazilian company
Odebrecht was in charge of the
construction.
The new facility will allow
business travellers to avoid the
200 kilometre journey from
Nampula, the closest airport.
Built on a former military
airbase, the airport has an initial
capacity of 500,000 passengers a
year and can accommodate long-
distance aircraft including Boeing
747s, according to a statement
from Aeroportos de Mocambique.
Mozambique Airlines (LAM)
has been using the airport since
December 8, but the new facility
has not yet received international
certification.
The airport opening marks
a new stage in the development
of resource-rich Mozambique's
north,withNacalaalreadyboasting
one of East Africa's deepest natural
ports.
"From a maritime perspective,
this is the only port between
Durban and Djibouti to have a
draft greater than 15 meters," said
Mathieu Freidberg, Africa director
for shipping company CMA-CGM.
A five-year rehabilitation of
port infrastructure launched in
March aims to increase container
traffic five-fold, according to
Loni Shott of Portos do Norte,
the port operator. After being
repeatedly postponed, operations
are expected to start in the second
quarter of 2015, Vale Mozambique
CEO Pedro Gutemberg announced
this week.
A $4.4 billion investment, the
Nacala logistic corridor –- which
encapsulates the port terminal and
ARED Rwf 245,000 or Rwf 350,000
to purchase a kiosk, plus a monthly
charge of $45 to service and support
the device.
The lower-end cost would supply
an individual with a kiosk, powered
by solar energy to charge up to 20
phones at a time, while the Rwf
350,000 package allows one to operate
a “smarter” kiosk which can also sell
mobile phones, airtime and electricity.
“I really wanted to bring value to
the business,” Nyakarundi said. “I
wanted to design and engineer my own
product. I didn’t want to just import
something from China.”
Consumers who want to charge
their device at one of the kiosks only
have to pay less than Rwf 100.Users
can also visit a kiosk, leave their phone
charging and pick it later.
“When one applies for a franchise,
they must also present two people who
will be running the kiosk. We also do a
background check,” Nyakarundi says,
adding that his focus is mainly the
people at the bottom of the pyramid.
He says he is in talks with a
microfinance organization over a
potential partnership meant to support
applicants at the beginning.
Nyakarundi has created and kept
ARED afloat using money from his
previous business in the United States
but he believes $250,000 is needed to
cover operational costs for two years,
employ more staff and order 100
kiosks. The eventual plan is to roll out
the kiosks in more African countries
(New Guinea and Zambia have already
expressed interest) but for now those
100 devices will be split evenly between
Rwanda and Burundi.
New Times
Namibia’s Sovereign rating a boon to
local markets
Foreign investors see Namibia’s strong
ability and willingness to pay its creditors
in a positive light, a local expert says.
Capricorn Asset Management
Portfolio Manager Shaun Namaseb said
that investors regarded the country as a
jewel in Africa.
“As we are one of four African
nations [besides South Africa, Botswana
and Mauritius] to hold an investment
grade rating from international ratings
agencies, we have been the subject of
attention from offshore investors.
“This year Capricorn Asset
Management was able to host two
offshore fact-finding visits from US
and UK-based investment houses,
facilitated by South African banks eager
to invest in our domestic Namibia dollar
denominated debt.
“Sadly, their participation is currently
limited to the Namibian Euro bond and
the Rand denominated JSE listed bond.
We, however, expect this to change
as the local industry develops and we
move away from a paper-based trading
system towards the Central Securities
Depository model,” Namaseb said.
Investors considered Namibia’s
ability and willingness to pay its
creditors as one of the key requirements
before they entered a market, Namaseb
explained.
“Our country produces strong GDP
results, with the Fitch ratings agency
estimating 5.2 percent growth for 2014.
Similarly, the nation’s balance sheet
remains healthy with a debt/GDP ratio of
25 percent whereas our peer nations run
at a debt/GDP ratio of 40 percent.
“We are also often praised for our
strong financial and banking system,
which also bolsters the case for
investment in Namibian Government
Bonds,” he said.
However, analysts often classified
the Namibian market as illiquid, or
too small, to accommodate foreign
investment portfolio flows, he said.
As a result offshore investors
only made up a small segment of the
domestic bond market and as such did
not provide liquidity.
“The answer to increased liquidity
does not solely lie with the Namibian
Government increasing its debt
outstanding, but rather with the asset
managers and market participants, such
as pension funds. “With a vast majority
of pension assets managed from outside
our borders and concentrated in a few
players’ hands, the industry is unable to
gain critical mass. We need more local
managers with local decision making
allocated pension assets, as it is the
local manager who has a vested interest
in developing the market,” he advised.
He noted that foreign buyers could
repatriate 100 percent of the financial
assets they purchased in the domestic
market relatively quickly if things turned
for the worse.
Regarding the performance of the
asset class, Namaseb said that there
was no data available for net foreign
flows into the Namibian bond market.
“However, after a very difficult year
in 2013 for the bond market brought
on mainly by fears of rampant inflation
domestically and speculation as to the
timing of the end of US quantitative
easing, 2014 had proved to be very
bond friendly.“Whereas last year the
BEASSA ALBI returned around 0.64
percent ended December 2013, bonds
returned around 13 percent so far this
year,” he said. BEASSA ALBI is the
South African All Bond Index. This index
comprises highly liquid South African
Government and state-owned debt. It
serves as a proxy for the bond market
in South Africa.
Moves by central banks globally
resulted in yields and interest rates
across the world falling, a situation
that forced offshore investors to make
changes to their investment choices.
Offshore investors seeking returns
were subsequently forced out of the
comfort of high-grade sovereign debt,
such as that of the US and selective
European nations like Germany, into
riskier debt that could provide lucrative
returns.
“We find that investors who used to
shun emerging market sovereign debt
are now seasoned market participants in
emerging market debt,” Namaseb said.
the railway line –- is expected to
handle 18 million tonnes of coal
by 2017, increasing Vale's current
export capacity fivefold.
When the railway is completed,
Nacala will be connected to
neighbouring Malawi and to
copper-rich Zambia, said Shott.
Nacala would then become an
important gateway to the Indian
Ocean, with China and India major
trading partners.
"Carriers are seeking alternates
to Durban, which is far and
expensive," said Freidberg says.
"But beyond its obvious
natural potential, Nacala still lies
far behind Mombassa in terms of
infrastructure."
Modern Ghana
Armando Guebuza, President, Mozambique

MONDAY | DECEMBER 22, 2014
Wassupafrica 03
FROM PAGE 01
P
resident John Dramani
Mahama and his Kenyan
host, President Uhuru
Kenyatta, have supervised the
signing of seven key agreements to
strengthen the bonds of friendship
and cooperation between the
two nations, at the conclusion
of a three-day state visit of the
Ghanaian leader.
Two of the agreements,
which were signed at the State
House in Nairobi, centred on the
development of partnerships in
Air Services and Trade, whilst five
Memorandums of Understanding,
(MOUs), were signed on Tourism,
Agriculture, Energy, Oil and Gas,
Information and Communications
Technologies, (ICTs), and
Education. Some elements of the
agreements include efforts to
reduce the cost of doing business
between the two countries,
cooperation in tourism training,
and the exchange of technical
information in agriculture.
In bilateral discussions
preceding the signing ceremony,
the two leaders exchanged ideas
on the need to establish Double
Taxation Agreements between the
two nations and how to protect
investments in each other's
country. They further discussed
how Ghana and Kenya could serve
as effective sub-regional aviation
hubs in West and East Africa
respectively.
President Mahama
Ghana and Kenya sign seven
agreements to boost ties
President Armando Guebuza inaugurates roads in
northern Mozambique
The outgoing Force Commander of the
UN Mission in Mali, Maj. Gen. Jean-
Bosco Kazura, was earlier this week
bestowed upon the National Order of Mali,
by the Malian government in recognition
of his role in pacifying the country.
Gen. Kazura received the medal
from Malian Defence Minister Bah N’Daw
during a ceremony attended by Minusma
officials, senior Malian military officials
and Mali’s Chief of staff, Brigadier General
Mahamane Touré.
During the ceremony, Mali’s Chief of
Staff was quoted saying: “You leave us
when our expectations are not yet fulfilled,
whereas you have accumulated a wealth
of expertise that is second to none in
the knowledge of the Malian situation.
You are well familiar with all the players,
the issues, and it is today, when your
contribution is vital that you decide not to
renew your contract”.
“You did what you could. The ball
remains more than ever in the camp
of Minusma. Malians have their eyes
on the Minusma to fulfill its mandate
successfully,” Gen. Touré said,
Kazura thanked the people of Mali
and the country’s leaders, particularly
Mali decorates Gen. Kazura for his
services
President Ibrahim Boubacar
Keita, for their hospitality.
“I did not come to Mali
for its beauty and warmth
but for its people and for
ourselves, because it would
be a shame to think that the
problem of Mali is only a
national one.
It is global. The
Rwandan people will never
forget the participation of
the Malian army to restore
peace in Rwanda after the crisis of 1994.
We must put our efforts together to
overcome the crisis in Mali,” he said.
Gen. Kazura completes his tour of
duty, 18 months after he was appointed
to head the UN peacekeeping mission in
the West African nation.
He has been heading the
Multidimensional Integrated Stabilisation
Mission in Mali (Minusma), which took
over from an African peacekeeping force.
Minusma’s current mandate expires in
June next year.
It was established by the Security
Council under Resolution 2100 and
tasked to carry out a number of security-
related tasks and support political
processes in Mali, including assisting
the transitional authorities in extending
and re-establishing state administration
throughout the country.
Prior to his appointment as
Force Commander, Gen. Kazura was
Commandant of the RDF School of
Infantry in Gabiro. Last Friday, he toured
Timbuktu where he urged continued
vigilance and discipline on the part of
Minusma in bid to fully pacify Mali.
New Times
congratulated his Kenyan host
on the recent decision of the
International Criminal Court, (ICC),
to drop charges of crime against
humanity and genocide levelled
against him over the killing of more
than 1000 people during the 2007
elections.
President Mahama (who is
Chair of the Economic Community
of West African States, (ECOWAS))
noted that Kenya, as the largest
economy in East Africa, and Ghana,
as the second largest economy in
West Africa, could forge stronger
partnerships that boost intra-
African trade and deliver jobs,
opportunities and prosperity to
the people of both nations.
The Kenyan leader, who is the
current Chair of the East Africa
Community (EAC) commended
President Mahama on his
leadership as Chair of ECOWAS,
especially in addressing terrorism
and insecurity, fighting the ebola
outbreak disease in some West
African countries and also assisting
the people of Burkina Faso to
return their nation to a state of
normalcy after the citizens uprising
that resulted in the resignation of
President Blaise Compaore.
The two Presidents
characterised the visit as the
re-opening of a new and promising
chapter in Ghana-Kenya relations,
to build on the warm, deep and
historic pre-independence bonds
established by Ghana's first
President, Dr Kwame Nkrumah
and Kenya's founding President,
Mzee Jomo Kenyatta.
President Kenyatta thanked
President Mahama for undertaking
this historic three-day state visit,
which is the first ever by a sitting
Ghanaian Head of State. In his
response, President Mahama
extended a reciprocal invitation to
his host to undertake a state visit
Ghana at a date to be agreed by
both Governments soon.
On arrival at State House,
President Mahama inspected
a guard of honour mounted by
troops from the Kenya Defence
Forces and received a twenty-one
gun salute.
Earlier on Friday morning,
President Mahama laid a wreath at
the Mausoleum of the late Kenyan
President Mzee Jomo Kenyatta,
during a solemn ceremony.
The two Presidents also
toured the vast compound of the
Kenya National Youth Service,
where thousands of Kenyan
youth are trained and deployed
every year into various sectors
and communities. The leaders
inspected heavy equipment
and trucks that are used for the
construction of boreholes and
roads, in deprived communities,
such as the Kibera slum area in
Nairobi.
President Mahama, who also
served as a Special Guest of Honour
at Kenya's 51st Independence
anniversary celebrations (or
Jamhuri) Day on Friday, 12th
December, leaves Kenya on
Sunday, 14th December 2014.
Modern Ghana
Maj. Gen. Jean-Bosco Kazura

sports and fitness, talent and
Beauty with a Purpose. Last year,
Stella Nantumbwe did not deliver
much, although Ugandans had
high hopes in her.
Phiona Bizzu represented
Uganda in 2012 at the showcase
held in China. She succeeded to
make her occurrence felt during
the penalty shoot-out (sports
category). The crown was won by
home girl Yu Wenx.
This year’s winner is a fourth
year medical student and terms
herself as having a “wild South
African heart.”
Asked why she wanted to be
Miss World, Strauss is recited
as saying: “Being proudly South
African,Ihavefirsthandexperience
that unity, respect, and forgiveness
exist; those all are aspirations of
the Miss World organization, so
it would be amazing to represent
an organization that is a beacon of
hope all over the world.”
Antigone Costanda, an
Egyptian of Greek heritage, was
the first beauty queen signifying
an African country to win the title
in 1954. Nigeria’s Agbani Darego
was the first black African to win
the pageant in 1982.
Women from 121 countries
The Auasse/Mocímboa, Praia/
Palma and Macomia/Auasse
roads in the province of Cabo
Delgado, northern Mozambique,
with a combined length of 225
kilometres, were inaugurated by
the country’s President, Armando
Guebuza, the Mozambican press
contended in the 64th annual
contest that began Nov. 20.
Contestants had to prove
themselves in events presenting
their beach fashion, charity work,
media savviness, sports ability,
modeling skills and individual
talent.
Strauss won the title of Miss
South Africa in March and used
her position to follow her "passion
for women's rights, health and
education," she said in her Miss
World 2014 introduction video.
She painted her work of
educatinggirlsaboutmenstruation
to keep them in school.
Strauss hopes to go to business
school, become a doctor and
start a business concentrating
on women's health. More than
one billion people tuned into the
live event at ExCel London ICC
Auditorium, according to the Miss
World website.
Performances from Sky Blu,
The Vamps and the Miss World
candidates themselves aided break
the nervous tension as spectators
and the ladies themselves waited
to hear the results of each round.
One of the highlights of the
evening came when the candidates
surprised Beauty with a Purpose
founder and Miss World chair
Julia Morley with an honor in the
form of a song number. She was
then greeted by Miss World 1994,
Bollywood royalty Aishwarya
Rai Bachchan, Miss World 1953
Denise Perrier, and Miss World
2013 Megan Young.
reported. Rebuilt with a loan of
93 million euros granted by the
Portuguese State, the road linking
the district of Mueda and the
districts of Mocimboa da Praia
and Palma is 122 kilometres long
and the road between Mueda
and Macomia is 103 kilometres
long. The two roads were rebuilt
by construction companies Ceta,
of Mozambique and Andrade
Gutierrez, of Brazil. Guebuza then
travelled on to Zambezia province
to inaugurate the road between
Gurué and Magige.
High Commission of Mozambique
mONDAY | DECEMBER 22, 2014
include salt, pozzolana (a volcanic
rock used in cement production),
and limestone.
Its small number of wineries
making Portuguese-style wines
have traditionally focused
on the domestic market, but
have recently met with some
international acclaim. A number
of wine tours of Cape Verde's
various microclimates began to
be offered in spring 2010 and can
be arranged through the tourism
office. The economy of Cape
Verde is service-oriented, with
commerce, transport, and public
services accounting for more than
CountryoftheWeek04
C
ape Verde formally the
Republic of Cabo Verde, is
an island country crossing
an archipelago of 10 volcanic
islands in the central Atlantic
Ocean. Located 570 kilometres
(350 miles) off the coast of
Western Africa, the islands cover a
mutual area of slightly over 4,000
square kilometres (1,500 sq mi).
Cape Verde's economy has
been progressively mounting
since the late 1990s, and it is now
officially measured a country
of average development, being
only the second country to have
achieved such transition, after
Botswana in 1994.
Cape Verde's prominent
economic growth and
enhancement in living conditions
despite a lack of natural resources
has reaped international
recognition, with other countries
and international organizations
often providing development
aid. Since 2007, Cape Verde has
been categorized as a developing
nation.
Cape Verde has few natural
resources. Only four of the
ten main islands (Santiago,
Santo Antão,São Nicolau,
Fogo, and Brava) normally
support significant agricultural
production, and over 90% of all
food consumed in Cape Verde
is imported. Mineral resources
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70% of GDP. Although nearly 35%
of the population lives in rural
areas, agriculture and fishing
contribute only about 9% of GDP.
Light manufacturing accounts for
most of the remainder.
Fish and shellfish are plentiful,
and small quantities are exported.
Cape Verde has cold storage
and freezing facilities and fish
processing plants in Mindelo,
Praia, and on Sal. Expatriate Cape
Verdeans contribute an amount
estimated at about 20% of GDP
to the domestic economy through
remittances. In spite of having
few natural resources and being
semi-desert, the country boasts
the highest living standards in
the region, and has fascinated
thousands of immigrants of
different nationalities.
Investment Opportunities in
Cape Verde
Fishing
Cape Verde’s waters are
opulentinunder-exploitedmarine
resources, forming a countless
potential for investments in the
fishing industry. The fishing
industry is budding and backs to
a large portion of the country’s
exports. However, Cape Verde
has fishing potential yet to be
fully exploited. Two foremost
international fishing grounds
border the islands, which are
spread across
Tourism
Presently the islands of Sal
(alone, 65% of tourism activities
in the country), Boa Vista, Sao
Vicente and Santiago are desired
there is growing need for modern
accommodation facilities on other
islands as well
Transport Sector
One of the main significances
in the transport sector area is
to transform Cape Verde into a
shipping support podium and a
regional air transportation hub.
Sea Cluster
As far as a Sea Cluster is
apprehensive, the Government
is now endorsing the Island of
S. Vincent as a Regional Center
for processing, marketing and
export of marine resources.
Investments are greeted in
cold storage, ship repair and
maintenance, transshipment and
Bunkering and handling facilities,
along with major public-private
partnerships for the construction
and management of a new deep
sea Port and of a Cruise Terminal
in the Island of S. Vincent.
Air Cluster
Investments are very much
greeted into an Air Cluster,
mainly in the privatization of
the national air carrier – TACV.
The government is aiming at a
strategic partnership for the
development of synergies on
traffic and economically profitable
activities and operations with
African, European and South
and North American markets/
destinations, along with major
opportunities in the concession
of the four major international
airports operations and services.
A niche of opportunities exists
within this cluster for aircraft
maintenance and handling and air
navigation services.
Energy Sector
Cape Verde’s determined
growth plans in the energy sector
is to have 50 percent of electricity
come from renewable energy
sources by 2020 which will
necessitate big investments in
power and water infrastructure,
and their use of alternative energy
presents great opportunities.
Cape Verde has one of the best
wind regimes in the World
(18m/s) and a great potential for
solar energy with a ratio of 6-8
kWh/m²/day.
InformationandCommunication
Technology
Another priority area is in
Information and Communication
Technology, which is set to
play a lead role in the economic
expansion of the country in the
medium and long terms.
Advertiser's Index
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Cape verde AT A GLANCE
Country official Name: Republic
of Cape Verde
Head of state: Jorge Carlos
Fonseca, President
Capital: Praia
Independence day: July 5, 1975
Religions: Christianity
Total land Area: 4,036 square
CAPE VERDE
O N T R A C K
kilometers (1,558 square miles)
GDP: 1.888 billion USD (2013)
Growth Rate: 0.9% annual change
(2013)
Population: 498,897(2013)
Languages: Portuguese, Crioulo
Climate: The Tempo das Brisas
(time of the winds) from October
to mid-July and the Tempo das
chuvas (rainy season) from August
to September
Export Items: Shoes, clothes, fish,
bananas, hides, pozzolana (volcanic
rock, used to make cement)
Import items: Refined Petroleum,
Planes, Helicopters, and/or
Spacecraft, Cement, Rice, and Cars
Time Zone: UTC/GMT -1 hours
Currency: Cape Verde escudo
MONDAY | DECEMBER 22, 2014
BusinessBuzz 05
Guinness Ghana initiates GH¢515,000 water
treatment plant for Alogboshie, Atebubu
Microsoft Lumia & Juliet Ibrahim to make Singapore trip
happen for 3 couples
Guinness Ghana Breweries
Limited has cut the sod for the
commencement of two Water
Health Centres for Alogboshie, a
suburb of Achimota in the Ga West
Municipality, and Atebubu in the
Brong Ahafo Region.
The combined GH¢515,000
project is fully funded by GGBL and
the Diageo Foundation and will
provide access to clean potable
drinking water to over 40,000
inhabitants of both communities
under its flagship community
investment programme, Water of
Life.
This project brings to 9 the total
number of Water Health Centres
GGBL and Diageo Foundation have
sponsored across the country since
2012.
A Water Health Centre is a
miniature water treatment system
consisting of boreholes connected
to a reverse osmosis plant and a
housed ultra violet system to treat
water for communities.
What better place to spend
the New Year (2015) than the
beautiful South-Eastern Asian
country of Singapore, home to the
world’s most attractive tourist
sites?
With just a week to Christmas,
Microsoft Lumia, is offering
beautiful and exciting Singapore
to Ghanaians on a silver platter
through its “#MakeItHappen”
p r o m o t i o n ,
running now
till the end of
December.
With just a
‘selfie’ taken with
Lumia 530, 630,
535, 730, 830 and
930, and posted on
Microsoft Lumia
Ghana facebook
page, one stands
the chance of
going on an all-
expense paid
dream holiday to
Asia in the New
Year.
E x p l a i n i n g
the participation
process, Mr.
Kolawole Osinowo,
Business Manager,
Microsoft Mobile
Devices and
Speaking at the sod cutting
ceremony at Alogboshie, Richard
Ahiagble, Corporate Sustainability
and Responsibility Manager said,
“the selection of Alogboshie, a
community close to our Achimota
Brewery and Atebubu, where we
source local raw materials for
our production is in line with our
commitment to invest in enriching
communities in which we have
direct operations and source
locally. "
He revealed that last year, GGBL
invested in a Community Health
Post and the construction of a one
classroom block as part of our
employee volunteering programme
for the Alogboshie community.
He added that recent research
on the impact of the Water of Life
programme revealed the effect to
extend beyond the simple provision
of access to clean drinking water.
"The study shows that the
programme has contributed to the
reduction of water-related diseases
As part of celebration to mark its
second anniversary, the Royal Bank
in collaboration with Zoomlion
Ghana Limited undertook a cleanup
exercise at the Princess Marie-
Louise Children's Hospital in Accra.
The initiative was aimed
at exposing members of the
community to the importance of
maintaining a clean environment
throughfrequentcleanupexercises.
Management of staff of the
bank were seen sweeping and
cleaning gutters in an around the
hospital to prevent any outbreak of
communicable diseases.
The bank also donated an
amount of GH¢5,000, food stuff,
toiletriesandotheritemstosupport
the hospital upcoming Christmas
party.
Head of Strategic Planning,
Research and Corporate Affairs,
Dr. Kwame Baah-Nuako said
the decision to clean up is to
support government campaign on
sanitation.
He noted that the choice of the
Children's Hospital for the exercise
is to ensure children who are
more susceptible to communicable
Royal Bank marks 2nd anniversary
with clean-up exercise
diseases remain in good health to
enjoy Christmas
Dr. Baah-Nuako said as a people
centered bank, they always seek
to champion social activities to
improvethelivesoftheunprivileged
in society.
“The focus area for the Royal
Bank foundation is health and
sanitation so when we decided to
celebrate our second anniversary,
it came naturally to the bank to
do things that support what the
foundation is doing” he added.
Dr. Baah-Nuako promised their
continuous support for the Princess
Marie-Louise Children's Hospital.
Receiving the items and cash
donation on behalf of the hospital,
the Medical Superintendent, Dr.
Eric Sefah said the donation was
very timely as they prepare for their
Christmas party.
He stressed that the donation
will go a long way to bring a smile to
the faces of the children.
Dr. Eric Sefah made a passionate
appeal to corporate institutions and
individuals to support their bid to
provide a better health facility
Modern Ghana
from15%to3%inthecommunities
where a Water of Life project has
been placed. We hope that with
the construction of this facility, we
can create jobs and empower these
communities as well”, he added.
Ekow Blankson, Vice President
and Business Head of WaterHealth
International, Ghana added
“Guinness Ghana has partnered
with us to provide WaterHealth
centres to over 8 communities. The
feedback from these communities
has been great and the impact has
been tremendous. We are excited
to partner on these projects as
well and are happy at the level of
support we are already receiving
from the two communities. We
will be training and employing
residents from these communities
to operate and manage the facility
once completed – creating local jobs
and supporting livelihoods.”
The two projects are expected
to be completed by January 2015.
Modern Ghana
Service, Ghana, said, “to qualify
for the promotion, one has to
take a selfie with one or all of
the selected Lumia phones and
upload them to Microsoft Lumia
Ghana Facebook page with the
Hashtag #MakeItHappen #Ghana
#LumiaSelfie followed by the IMEI
number of the phone(s)
As part the campaign, market
activations are currently on-going
at selected Malls and shopping
centres including, the Telefonika
Store – West Hills Mall, Compu
Ghana Store, Marina Mall, and the
OSU Mall. Celebrity Juliet Ibrahim
the brand ambassador for the
#MakeitHappen Campaign will
also make an appearance at the
selected malls to part take in the
‘selfie’ sessions.
He disclosed that owners of the
top three ‘selfies’ shots will win an
all-expense paid trip to Singapore
with a partner. Mr. Osinowo urged
Ghanaians to make this year’s
Christmas a memorable one using
Lumia phones to capture all their
wonderful moments.
The Lumia range of 730 and
830 boosts a full High Definition
5megapixel front facing camera
for users to take perfect selfies and
share quickly and easily on their
social networks, while the Lumia
830 with its sleek and elegant
look, brings Microsoft’s flagship
style and performance to more
people with integrated Microsoft
experiences and superior
PureView imaging.
Modern Ghana
mONDAY | DECEMBER 22, 2014
FRANKLY SPEAKING06
By kirit sobti,
editor, iat
editor@indoafricatimes.com
A
fter epochs outside the global financial
mainstream, Africa is now becoming one of the
world’s most flying markets and a progressively
sought-after investment destination.
There are rich reasons for this striking
re-evaluation. African economies are escalating on the
back of growing commodity prices, trade and foreign
investment, while swelling consumer affluence is
serving to drive demand for goods and services.
What is more, the development to date is dwarfed
by Africa’s enormous potential for economic growth,
powered by continuing development in business
situations and increasing globalization. Also, while
many African nations endure to be held back by
matters such as political and civil instability, poverty,
poor infrastructure and concerns over governance,
more and more African countries are now getting over
with these barriers.
In nations across the world, understanding shows
that economic growth is intimately related to a strong
banking sector. Banking, through its fundamentally
vigorous role in funding an economy, lifts economic
activity. Other financial services companies also have
an imperative role to play, as suppliers of services and
developers of financial infrastructure. To deliver these
paybacks more efficiently in Africa, major banks and
insurers are now vigorously examining how best to
expand their impression there.
International Financial Institutions (IFIs) are
public investment and development institutions
possessed by their member governments that deliver
funding, technical help and
policy advice, research and
other non-financial support to
governments in “developing”
and “transition” countries.
Many IFIs also furnish
financing to companies
capitalising in the developing
world. IFIs, of which the
World Bank and IMF are the
best known, are the major
source of development
finance in the world, lending
between US$30 and $50
billion to low- and middle-
income countries each year.
These IFIs take on diverse
roles. Some provide loans and
grants to governments, for
definite projects or for policy reforms and technical
support. Others invest in private businesses or provide
guarantees (insurance) for private sector projects.
IFIs, and in particular the World Bank, are also
a foremost source of development “knowledge”
and policies, and de-facto standard-setters for
international finance and investment. Because of
their roles as lenders and as knowledge brokers, IFIs
exercise noteworthy inspiration over policy-making in
many countries across Latin America, Asia, Africa, the
Middle East, and Central and Eastern Europe.
IFIs shape the complete amount and composition
of development financing available to countries,
directly and indirectly. Research and analysis from the
World Bank and International Monetary Fund (IMF)
about a country’s economic policies often affect how
much other donors are keen to contribute or how
much businesses invest there. The role of the Bank and
Fund as “gatekeepers” for international finance and
credit is robust for aid-dependent countries without
credit ratings than for countries that have access to
A Continent Whose Time Has Come
Ebola has no passport;
it respects no borders. It is a
very dynamic epidemic. This is
why - on top of this work with
the WHO - the AfDB will invest
an additional $150 million to
assist its regional member
governments through budget
support operations in order
to pay health workers, equip
health centres, and create
jobs.Pierre Laporte,
The Minister of Finance, Trade
and Investment, Seychelles.
Mr. Donald Kaberuka,
President, AFDB.
The Board of Directors of the African
Development Bank Group, during its
ordinary sitting on Monday, December
15, 2014 in Abidjan, approved a
proposed ADF loan of US $39 million
to the Republic of Zambia, and a grant
of US $12 million from the Bank’s
Transition Support Facility (TSF) and
a grant of US $24 million from the
African Development Fund Regional
Operations (RO) envelope to the
Republic of Zimbabwe for the Kariba
Dam Rehabilitation Project.
The project involves the
rehabilitation of the Kariba Dam
infrastructure by reshaping the plunge
pool and rehabilitating the spillway. The
plunge pool will be reshaped in order
to dissipate energy from the spilled
water thereby reducing the energy on
impact and hence bedrock erosion which
could undermine the dam foundations,
leading to dam failure. The project will
rehabilitate the spillway gates to avoid
possible jamming in the open or closed
positions both of which would result in
dam failure and catastrophic regional
loss of lives, livelihoods, and billions
worth of assets and power.
The value-added of the Bank Group
in this project is being part of the donor
group to ensure adequate financing of
the project, as well as helping in the
design of additional technical and social
investigations to assure the technical,
social integrity and economic soundness
of the rehabilitation approach.
Specifically, the Bank Group has been
able to leverage internal resources under
the Transition Support Facility to fund
the Zimbabwe’s contribution to the
project costs when no other financier
was in a position to assist, demonstrating
strong commitment to being a
development partner to countries in
situations of fragility and transition,
contribute to mitigation of the risk to
fragility, ensuring human safety to both
Zambia and Zimbabwe and the region as
well as support the regional integration
agenda. The Bank is also contributing to
the creation of work synergy between
the Southern African Power Pool and
the Zambezi River Authority (ZRA) to
enhance regional integration.
The project will include a capacity-
building component which includes
training for technical staff of the ZRA and
skills transfer through the supervision
engineer and panel of experts. The
programme will strengthen ZRA’s
Emergency Preparedness Plan and also
includes a programme for improved
community emergency preparedness.
AfDB
AfDB approves US $70
million Kariba Dam
Rehabilitation Project
The reason the Cat
DDO, which is financed by
the International Bank for
Reconstruction and Development
(IBRD) is so significant is
because it provides immediate
liquidity when medium-sized
or cumulative disasters hit
Seychelles, as a result, we can
avoid diverting the funds originally
set aside for development
projects attending to the needs of
our country's poorest.
In nations
across
the world,
understanding
shows that
economic
growth is
intimately
related to a
strong banking
sector.
international capital markets.
Many IFIs, like the World Bank, uphold that the
intentions of their support for investment projects or
policy reforms in developing countries are to diminish
poverty and hearten sustainable economic growth.
Nevertheless, much of the money provided in the
name of development does not eventually help the
people most in need. In large part, this is because the
public has little say in development decisions.
First, international financial institutions furnish
financing - typically loans but also, in some cases, a
noteworthy grant element - to aid the country's
authorities reach aims agreed upon in discussion
with the former. The financing may upkeep specific
investments - in, for example, infrastructure and
capacity building - or it may be part of a sector-specific
or economy-wide adjustment program.
Second, international financial institutions support
national authorities' determinations to design policies
to attain specific economic and social targets. This
typically involves extensive consultations with both
officials and private sector representatives, and
between the headquarters and resident staffs of
the international financial institutions to identify
the bottlenecks and most important issues that the
country faces. These are usually followed on the
groundwork of a written report summarizing the
findings and proposed policy recommendations of the
international financial institutions' staffs. The policy
packages agreed upon may include funds or other
assistance precisely targeted on augmenting capacity
in social or economic areas.
Third, international financial
institutions boost the growth,
distribution, and acceptance
of internationally accepted
values and codes of good
practice in economic, financial,
and business activities. The
acceptance and implementation
of such standards and codes
add to the development and
enhanced functioning of domestic
institutions, which, in turn, can
benefit countries better integrate
themselves into the world
economy and help from growing
globalization.
Fourth, international financial
institutions provide training
on a multitude of topics. This training can take place
within the outline of a detailed project that a country
enforces with the provision of an international
financial institution - for example, projects calling
for reform of public enterprises, the civil service, tax
administration, or the financial sector. It can also
be delivered in courses, workshops, and seminars
untaken by the training institutions of international
financial institutions.
And, fifth, international financial institutions
cooperate - in Africa and other regions - with
regional training and research institutions (including
the African Capacity Building Foundation and the
African Economic Research Consortium) to simplify
knowledge transfer; train economic analysts, officials,
and "trainers"; and support economic research.
Whereas international financial institutions can
play a noteworthy role, it is important to underscore
that they should play only a supporting role and that
the countries themselves should, and do, have the
primary accountability for building their capacities.
MONDAY | DECEMBER 22, 2014
TRAVEL&tourism 07
The Mesmerizing Malabo
Malabo is the capital city of Equatorial
Guinea. Found on the edge of this city is a
deep-set volcano. This site has endorsed
Malabo to have an exceptional terrain and
wildlife, combined with the buzz of being an
African capital city.
The Santa Isabel Cathedral is a must-see
for all visitors to the African city, positioned
in the Plaza de España. The cathedral is
built in a Gothic-Spanish style, and makes
available a contrast to the architecture
around it. The Presidential palace is situated
in the same square, and is worth a visit as
well. Positioned on a volcano, Malabo offers
sights such as craters and lakes that cannot
be seen elsewhere.
The beaches are a widespread leisure or
weekend spot for locals and tourists alike,
and a day must be certainly be spent on the
beach.
Getting Around Equatorial Guinea
Air: There are flights between Malabo
and Bata every day except Sunday; it is
advisable to book in advance. Iberia (IB)
(website: www.iberia.com) operates direct
flights from Madrid to Malabo. Cameroon
Airlines (UY) operates regular flights to
Malabo from London, Paris and Rome.
Other airlines serving Equatorial Guinea
include Air France, Brussels Airlines, British
Airways, KLM, Swiss and Spanair.
Road: Bush taxis connect Malabo with
the islands two other main towns, Luba and
Riaba, and also run from Bata to Mongomo
and Ebebiyin; they can be hired hourly or
daily.
Water: There is a ferry
between Malabo, Bata and
Douala. The trip takes
about 12 hours.
There are
It’s
UNTOUCHED
100%
E
quatorial Guinea is a country of luscious vegetation and beautiful scenery, including tropical forests and snow-
capped volcanoes. The capital, Malabo, is a rather rundown but attractive town, with pleasant Spanish colonial
architecture, a striking volcanic setting and a lively market. The white-sand beaches around the islands are
stunning. No wonder the country was first of all named 'Formosa', meaning 'beautiful', by the Portuguese.
The area was first colonized by the
Portuguese in the late 15th century
and handed over to the Spanish
in 1788. Self-government was
granted in 1959, followed by full
independence in 1968.Its economy
has expanded rapidly following the
discovery of oil and gas deposits
in the Gulf of Guinea, though little
of this wealth has trickled down to
the general population.
four classes of fare.
Shopping in Equatorial Guinea
Markets sell local produce such as beans,
rice, fruit, vegetables, oil and bush meat as
well as fabric and clothing in traditional
African prints, hardware and local crafts.
However, prices may not be much cheaper
than at home because many goods have to
be imported from the mainland. Expect to
barter in the markets.
Where to stay in Equatorial
Guinea
Malabo, Bata, Luba and Ebebiyan offer
several hotels of variable standards. In
Malabo, there are also a few hostels offering
basic cheap accommodation with shared
bathroom facilities (two of which are located
in Avenida de las Naciónes).
A Luxurious Leisure Experience
Awaits You!!
If you’re captivated by Mother Nature,
Equatorial Guinea is your Dreamland.
Offering a variety of things to do with a
splash of vibrancy, Equatorial Guinea has
all of the benefits of a nation which strive
to fascinate inbound leisure tourists, in
particular prosperous inbound tourists.
The amalgamation of pleasant weather,
African rhythms and Spanish flair makes for
a great day. Its many high-class hotels and
solid infrastructure, pooled with glorious
natural sites and unspoiled beaches make
Equatorial Guinea eye-catching for luxury
leisure tourists.
It’s Finger Licking Good!!
Equatorial Guinea has many yummy and
delicious foods. Distinctive to most West
African countries in the continent, they use
peanuts, tomatoes, cassava, yams and a
few treats, like monkey
meat, that
isn't readily
a v a i l a b l e
in the US -
even from an
o u t l a n d i s h
meat vendor.
C u s t o m a r y
b r e a k f a s t
foods include:
boiled yams or cassava, bean
cakes and ground millet porridge, which is
very similar to grits. French food is common
in Malabo, and some of the hotels can make
available very genuine French cuisine. Local
food is simply available by the roadside.
A safer play would certainly be the hotel
cafeteria or
restaurant, where
a dish of smoked beef and pepper is the
prevalent national dish.
  Malabo:Thesmallbutstriking
capital city abounds in
Spanish colonial architecture
and pleasant open plazas.
The bustling market and the
Spanish Colonial Center are
worth a visit.
Climbing Volcanoes: The
spectacular Pico Malabo
volcano is an easy day trip
from the city of Malabo.
Arrange an expedition to take
in its breathtaking views.
Beaches: The area around
the mainland city of Bata
boasts several beautiful and
undeveloped beaches. Those
at Mbini, just 32 miles (51.5
kilometers) south of Bata, are
particularly gorgeous.
Local Liquors: Malamba,
made from sugarcane, and
osang, a type of African tea,
are the national drinks. Locally
brewed beer and palm wine
are also abundant.
Market Shopping: Markets
can be found in most cities
and towns. In addition to
local produce, bush meat, and
textiles, many markets feature
local handicrafts.
	Monte Alen National Park:
This Park’s tropical forests are
home to gorillas, elephants,
chimpanzees, and many other
creatures. Hire a local villager
for a guided day trek through
the park’s 870 miles (1,400
kilometers) of rain forest.
Bata Nightlife: This mainland
city may feel small by day,
but its nightlife is impressive.
Be prepared for a long night;
nightclubs typically don’t get
going until quite late and are
still jumping in the wee hours.

 Moca Valley: Situated in the
southern highlands of Bioko
Island, this valley is home to
the indigenous Buki people
and offers plenty in the way of
hiking and flora sightseeing.
Annobon: Head to the island
of Annobon to see three of
the country’s most famous
mountain peaks, Pico del
Fuega, Pico Centro, and Pico
Surtado. Pico Surtado, the
southernmost peak, is an
inactive volcano whose crater
now contains an impressive
lake.
Arena Blanca: If you visit
during the summer, Arena
Blanca is a must-see. Its white-
sand beaches are dazzling and
enjoyable year-round. They
literally come alive in the
summertime with thousands
of butterflies that nest there
seasonally.
1
2
3
4
5
6
7
8
9
10
What to Do in Equatorial Guinea
mONDAY | DECEMBER 22, 2014
TALKINGTECHNOLOGY08
M/s Power
Engineering (India)
Pvt. Ltd. (PEIPL) and
Power Engineering
Sales Ltd., UK
(PESL) are flagship
companies of the Pai
Kane Group.
PEIPL is a leading
manufacturer of diesel generators
sets, gas generators sets, lighting
towers, electrical panels and
compact substations - all with the
'Pai Kane' brand. These products,
though world-class in quality, are
competitively priced.
Pai Kane also supplies
pumps/pump-sets, ups, inverters,
stabilizers, pressure transducers
/transmitters, compressors,
HT panels, welding machines,
blocksets and switchgears.
PEIPL exports its products to
over 30 countries of the world,
which include some African
countries. With over 15 years of
experience in the field of power
generation, its current
m a n u f a c t u r i n g
capacity for gensets is
15,000 sets per year,
with a range from 5
kVA to 3000 kVA.
PEIPL has been
an OEM for leading
engine brands, such as Perkins –
UK, Volvo Penta – Sweden, MAN-
Germany, Doosan - Korea, MTU
- Germany, Mitsubishi - Japan,
Maxxforce (Mahindra Navistar) -
USA, Lombardini - Italy, Escorts
- India; as also for the leading
alternator brands such as
Stamford, Leroy Somer and Mecc
Alte.
For its natural gas gensets, it
partners with Perkins - UK for the
range of gas gensets from 350
kVA - 1250 kVA and with Doosan -
Korea for the range of gas gensets
from 135 kVA to 350 kVA.
With its own in-house design
capabilities, PEIPL provides
complete turnkey solutions right
from design - through
assembly, auxiliary
m a n u f a c t u r i n g
(synchronizing panels,
control panels, base
frames, acoustics etc),
supply, installation
and commissioning - to
maintenance. PEIPL
offers standard, as well
as customized, diesel
and natural / bio-gas
gensets to its customers
in Middle East Asia, South East
Asia, and rest of Asia, Africa
and Europe. Its manufacturing
facility is one of the few in the
world to be DNV certified for ISO
9001:2008 , ISO 14001:2004 for
and OHSAS 18001:2007 - for its
integrated Quality, Environment,
Occupational Health and Safety
System.
Having adopted the Toyota
Production System across the
organization, the company
has invested in state of the
art technology to ensure that
consistently high quality products
are churned out. PEIPL has
supplied innumerable gensets
to almost every single sector of
human endeavor/construction
:residential complexes, hotels,
educational institutions, medical
institutions, banks and their data
centers, telecommunication, retail
chain, various infrastructure
projects of the government and
non-government agencies etc.
Pai Kane brand generators
are designed to meet the future
demands of the power generation
industry for clean and efficient
power, offering high performance,
dependability and reliability,
while meeting the increasingly
stringent emission requirements
of the market. PEIPL's
comprehensive, value-engineered,
power generation solutions,
coupled with its process-oriented
skilled workforce, have a one-
point agenda, “Customer Delight”.
For this, PEIPL has embarked on a
Get Uninterrupted Power Solutions
process of innovative techniques
and solutions. It designs its
power products to meet future
demands of the power generation
industry: clean and efficient
power, high performance,
dependability, reliability and
meeting increasingly stringent
emission requirements. It
offer not just products, but
comprehensive, value-engineered,
power generation solutions
using innovative techniques
and process oriented skilled
workforce.
visit www.paikane.com
for more information. Should
you need any solutions or any
products that PEIPL could give
you, you may write to
sales@paikane.com
MONDAY | DECEMBER 22, 2014
TRYSOMETHINGNEW 09
Ingredients
	2 onions, roughly chopped
	 30g butter, plus extra for greasing
	 500 g free-range beef mince
	salt
	 Black pepper, freshly ground
	 2 slices brown bread, crusts trimmed
	 315ml buttermilk
	 4 free-range eggs
	 65ml dried apricots, finely chopped
	 1 apple, peeled and grated
	 65ml seedless raisins
	 2 tsp sugar
	 1 Tbsp mild curry powder
	 Bay or lemon leaves
	 1/4 tsp turmeric, ground
upcoming
Hardships often prepare ordinary
people for an extraordinary destiny
THOUGHT OF
THE WEEK
'Adding muscle to your
Business' - FICCI-CMSME
workshop for MSMEs
The workshop is aimed to
deliver simple methods by
which MSMEs can strengthen
their business. These methods
encompass understanding of
brands and branding, the tools
of marketing such as marketing
strategy, business planning,
digital strategy, etc. To achieve
these objectives a participative
methodology is used, that
combines putting practical
exercises into practice and
using equipment and tools to
strengthen the theory sessions
with the help of Knowledge
Partner BENEFFECT.
Date: 22 Dec, 2014
Venue: FICCI, New Delhi
Delhi HR Conclave -
Diversity Promotes
Creativity : Fundamental
Legal Advice to Industry
on HR Matters
Organizations are operating in
an extremely interconnected
world today. This has
increased the complexity for
HR too, as it needs to cater to
the needs of an increasingly
diverse workforce. HR is a
relatively young field, and there
are significant challenges to
its future. The role of human
resources has been evolving
for some time. The Conclave
would extend an opportunity
for individuals associated with
the field of HRM, namely the
corporate managers, faculty
members and students, to
learn and interact with the
eminent panelists.
Date: 23 December 2014
Venue: India Habitat Centre, New
Delhi
Seminar on empowering
SMEs through addressing
their financing needs
The objective of this seminar is
to enable SMEs to benefit from
various new financing schemes
of our partnering banks and
financial institutions through
CII Finance Facilitation Centre.
The seminar will bring in all
key stakeholders under one
roof and provide a platform
for the SMEs to interact with
our partnering Banks/Financial
Institutions.
Date: 23 Dec, 2014
Venue: Hotel Taj Gateway,
Visakhapatnam, India.
Investor Conclave
The objective of the conclave
is to highlight Nagpur’s latent
potential as a hub of future
investments. The agenda is
designed to benefit both the
Investor community and the
local industry, with the aim to
create a sustainable long term
platform between investors and
industry. The Honorable Chief
Minister of Maharashtra Mr
Devendra Fadnavis would give
the inaugural address; senior
officials from Government,
Industry and leading thought
leaders will also address
the conclave during various
sessions.
Date: 28 Dec, 2014
Venue: Chitnavis Centre, Nagpur,
India.
Prepration Method
1. Preheat the oven to 180°C.
2. Gently cook the onion in the heated butter until meltingly
soft and golden.
3. Add the beef mince and pan fry for 5 minutes with the
onion.
4. Season to taste.
5. Tear the bread into bits and mash it with 65ml of
buttermilk and 1 beaten egg.
6. Mix the apricots, apple, raisins, sugar, curry powder
and bay leaves and then mix it with the mince and
bread.
7. Turn into a buttered baking dish (one large dish or
individual dishes).
8. Beat the remaining 2 eggs with the rest of the buttermilk
and the turmeric, and pour over the spiced meat
mixture.
9. Bake for 20 minutes or until the topping is set and
golden.South Africa's indigenous cuisine
BOBOTIE
Health benefits
of MEDITATION Think 
Nail it…
There are about
280,000 windmills
on farms across
South Africa, second
in number only to
Australia
south africa
The Vice President, Shri Mohd. Hamid Ansari being presented a book titled “Life of Muhammad” authored by the
President of the Tunisian Academy of Sciences, Mr. Hichem Djait, by the Ambassador of Tunisia to India, Mr. Tarek
Azouz, in New Delhi on December 15, 2014.

picture of the week
•	 It lowers oxygen consumption.
•	 It decreases respiratory rate.
•	It increases blood flow and
slows the heart rate.
•	Increases exercise tolerance in
heart patients.
•	Leads to a deeper level of
relaxation.
•	Good for people with high blood
pressure as it brings the B.P. to
normal.
•	Reduces anxiety attacks by
lowering the levels of blood
lactate.
•	Decreases muscle tension
(any pain due to tension) and
headaches.
•	 Builds self-confidence.
•	It increases serotonin production
which influences mood and
behaviour. Low levels of serotonin
are associated with depression,
obesity, insomnia and headaches.
•	Helps in chronic diseases like
allergies, arthritis etc.
•	Reduces Pre- menstrual
Syndrome.
•	 Helps in post-operative healing.
•	Enhances the immune system.
Research has revealed that
meditation increases activity of
'natural-killer cells', which kill
bacteria and cancer cells.
•	Also reduces activity of viruses
and emotional distress.
1.	A man is standing in
front of a painting of a
man, and he tells us the
following: Brothers and sisters
have I none, but this man's father
is my father's son. Who is on the
painting?
2.	It is dark in my bedroom and I want
to get two socks of the same color
from my drawer, which contains 24
red and 24 blue socks. How many
socks do I have to take from the
drawer to get at least two socks of
the same color?
3.	A hunter leaves his cabin early in
the morning and walks one mile
due south. Here he sees a bear
and starts chasing it for one mile
due east before he is able to shoot
the bear. After shooting the bear,
he drags it one mile due north back
to his cabin where he started that
morning. What color is the bear?
4.	A certain street contains 100
buildings. They are numbered from
1 to 100. How many times does the
digit 9 occur in these numbers?
5.	Consider two cans, the first
containing one liter of milk and the
second containing one liter of water.
Suppose you take one cup of milk
out of the first can and pour it into
the second can. After mixing, you
take one cup of the mixture from
the second can and pour it back into
the first can. Which of the following
statements holds now?
Answers:
1) His son, 2) 3, 3) White, 4) 20, 5) There is as much water in the first can as there is
milk in the second can.
mONDAY | DECEMBER 22, 2014
THEFASHIONISTAS10
I
t was all laughter and fun as
the Comedy Knights treated
comedy lovers to an overdose
of their rib cracking jokes at Kigali
Serena Hotel in a show dubbed,
“Comedy Jam Holiday Special.”
The show started with an
energetic dance performance by
the Kimisagara-based dance crew
Snippers, who curtain raised for
the first comedian on stage Big
Brother Hotshot Arthur Nkusi,
aka Rutula kalokalo.
Arthur’s jokes were largely
about his time in the Big Brother
Africa House.
Later, his colleagues Babou
and Micheal Sengazi, and the
founder of Crackers comedy
Alex Muhangi and Kigingi, from
Burundi, took to the floor and
made a laughter stampede.
Speaking to The New Times,
Jerome Uwonkunda, the manager
of Comedy Knights, said, “The
reason we organised this show
is because we wanted to give a
C
elebrity Kingking PY Addo Boateng, has won the
maiden edition of the Frytol Oil Celebrity Cook-
off which was held on Saturday at the Yiri Lodge,
University of Ghana campus.
The Frytol Xmas Celebrity cook-off saw Ghana’s
favourite actress Jasmine Baroudi and a man who is no
stranger to our screens PY Addo Boateng go head to
head with chefs from African Sun Amber Hotel, Accra.
PY beat Jasmine by margin of public votes and
tasting of food by Chefs from African Sun Amber Hotel,
Accra.
PY won the day with the Recipe, Beef Filet with
Sauteed Potatoes and Vegetables.
Event host Naa Ashorkor was with both teams
and learned how they made their dishes and learning
about our celebrities pet hates, passions and digging
into their personal lives.
In an interview with newsmen, Fatima Ali
Mohammed, MD for Wilmar International, producers
of Frytol, said the company is seeking to create
awareness about the Frytol brand in a more unique
and fun manner.
The Frytol brand is most loved in Ghana and we
are using celebrities to create awareness by engaging
them in fun food cooking activities, she said.
She also revealed that the event is going to be an
annual affair with change in venues from year to year.
Frytol Xmas Cook-off is a fun food competition
seeking to create awareness about the Frytol brand
and exploring all the different dishes that can be made
with Frytol product.
This event was organized by Sixth Sense Manifesto.
Modern Ghana
Two of the best out of Africa,
have been announced by the
International Committee of
All Africa Music, AFRIMA, to
host the 2014 edition of the
AFRIMA awards. They are
Democratic Republic of Congo
“French speaking hottest” female
broadcaster and music presenter,
Madinga Sona Maria and Nigerian
legendary contemporary music
star, 2Face Idibia. The two are
the co-host of AFRIMA award
ceremony holding in Lagos Nigeria
on Saturday, December 27, 2014
at the prestigious grand ballroom
of Oriental Hotel, Victoria Island,
Lagos.
Speaking about the
collaboration between the two
popular hosts, Executive Producer,
AFRIMA, Mr Mike Dada, said, “The
award ceremony is going to be
explosive with 2Face and Madinga
Sona Maria, two accomplished
creative Africans, holding sway
and guiding our distinguished
guests and nominees through the
programme. We promise to bring
toAfricaelectrifyingperformances
from our nominees and invited
guest performers. Then add this
to the famous faces and glamour
of the African icons on the first-
of- its-kind red carpet activity…It
is going to be a spectacular show!”
Mandinga Sona Maria is a
beauty to behold with a towering
height of 1.78m. Mandiga who
looks every inch a model is the
hottest female broadcaster in
Kinshasa Democratic Republic of
Congo. Her musical show, Cite de
Comedy Knights cracks ribs at Serena
special time to our fans. We will
be doing a big show every three
months and will be bringing in
renowned comedians from South
Africa or Nigeria.”
“We want to thank our
partners KFM and Serena Hotel
who made it possible for us to
stage this show; the next show
will be at Christian Life Assembly
2Face, Madinga to host
2014 All Africa Music Award
Star is the biggest music show in
Democratic Republic of Congo. A
combination of beauty and brain,
Mandinga presents her musical
show on Digital Congo Television
and Radio. She is also a performer.
A truly home grown music star,
2Face Idibia is one of the most
decorated and successful Afro
pop artist in Africa. He is one of
the most bankable artists in the
continent. 2Face has received so
many awards among which are
MTV Europe Music Award, World
Music Award, Headies Awards
(Hip-hop award), Channel OMusic
Video Awards, and BET award for
his musical works, MTV Africa
Music Awards, MOBO award,
KORA award, and numerous
additional nominations. 2Baba,
the stage name 2Face recently
adopted, started his musical
career with the Plantashun Boyz
and together the group recorded
two successful albums, Body and
Soul and Sold Out. He went solo
in 2004 and came out with his
first solo album titled Face to Face.
His latest album was released this
year titled The Ascension and it
features other artistes across the
continent.
On hosting 2014 AFRIMA
2Face expressed his excitement
when he said, “I am happy to be
part of this history making event. I
am delighted to host Africa, Africa
is the future. I welcome Africa and
the world to AFRIMA here in the
beautiful city of Lagos, Nigeria.
Let’s celebrate Africa together! ”
With 2Face and Mandiga
anchoring the event, combined
with the grandeur of the Grand
Ballroom of Oriental Hotel with an
African ambience, truly AFRIMA is
set to host Africa and the world.
In partnership with the
African Union Commission, the
2014 All Africa Music Awards will
be a festival style open concert
of non-stop music, fanfare and
fashion exhibition from countries
across Africa and performances by
African artistes.
AFRIMA is proudly supported
by ONE, Africa 2.0, Nigeria’s
Federal Ministry of Industry, Trade
and Investment, Nigeria’s Federal
Ministry of Culture, Tourism
and National Orientation, and
PRMAFRICA. It is being sponsored
by Kenya Airways, Procter and
Gamble, Peugeot, Diamond Bank,
Uber among others.
AFRIMA is aimed at
communicating the strength of
Africa to the rest of the world for
global competitiveness.
AFRIMA for hope, for
celebration!
Modern Ghana
Wins Maiden Frytol Celebrity
Cook-Off
Celebrity Kingkong PY
Church in Nyarutarama, on
December 26.”
Walter Kagaba, a fan, said:
“I was very impressed by the
performances, initially I thought it
was just another performance but
it turned out to be pretty amazing.
I’m looking forward to attending
their next show.”
New Times
MONDAY | DECEMBER 22, 2014
SPORTS2WATCH 11
T
he Ghana FA have been
instructed to revise its
budget for the 2015 Africa
Cup of Nations due to contrasting
views over the Black Stars' pre-
tournament camping base.
Reports are rife new Black
Stars coach Avram Grant prefers
to have the team camped in Spain
ahead of the tournament.
The GFA have however
earmarked locations in the UAE
or South Africa to hold the team's
pre-tournament camp.
A budget was sent to the
Sports Ministry for consideration
based on 'past experience' with
respect to the camping site for the
Black Stars.
But Sports Minister Mahama
Ayariga has asked the GFA to revise
its budget to accommodate the
camping preference of the coach.
“The GFA brought a budget
based on past experience,” Ayariga
said.
“[The camping site] appears to
be different from what the coach
wants so I asked the GFA to go
back and revise the budget.
“The amount [of revised
Juventus and Andrea Pirlo were
the big winners in the Gran Gala
del Calcio, but Napoli boycotted
the ceremony.
The votes for the best players
of 2014 were provided by the AIC -
the Italian Players' Association.
Scudetto winners Juve were
voted Team of the Year, while Gigi
Buffon, Kwadwo Asamoah, Andrea
Barzagli, Paul Pogba, Pirlo, Arturo
Vidal and Carlos Tevez joined the
Best XI. Pirlo was singled out as
Sports Minister instructs Ghana
FA to revise 2015 AFCON budget
over contrasting camping base
Nations Cup 2015: Equatorial Guinea preparations underway
Italy's best: Asamoah voted into Serie A team of the year
budget] could be higher based
on traveling changes due to the
changes in the camping base.”
The Ghana FA's decision to
camp in the UAE is believed to be
influence by the high probability
of securing friendly matches with
African teams with most of them
also looking to camp around the
same location. A similar situation
prevailed ahead of the 2013 Africa
Cup of Nations where most African
teams camped in the UAE ahead of
the competition in South Africa.
The Black Stars secured
friendlies against North African
giants Egypt and Tunisia ahead of
the tournament.
Favourable weather conditions
and superior training facilities in
the Gulf state also enforces the
GFA's preference but Avram Grant
appears to have a contrasting view.
Ghana must prepare
adequately to face the strong
challenge of Group C where they
will be battling Senegal, South
Africa and Algeria when the
competition kicks off in Equatorial
Guinea in January.
Modern Ghana
CAF took the finals away from Morocco,
who had demanded a delay due to their
fears over Ebola. The stadiums in Malabo
and Bata were both used as venues
when Equatorial Guinea co-hosted the
2012 Nations Cup with Gabon. However
work needs to be done on the grounds in
both Ebebeyin and Mongomo.
“The turf for Mongomo and Ebebeyin
stadiums is going to be brought by plane
from Europe,” one of the supervisors told
the BBC. Work also needs to be done on
the stadium structure and other facilities,
but all those involved in the preparations
are confident the work will be completed
in time. “Time is a big challenge but the
good thing is that it's not new for us to
work against time,” said Francisca
Obiang Jimenez, the president of the
Office of National Projects, who was
there supervising the works.
The new highway built to connect
Bata and Mongomo.
“We have built almost an entire
city, Sipopo, in about two years and
we've also built a highway.
The new highway means you
can travel from Bata, on the coast, to
Mongomo, located near the eastern
border with Gabon, in around two
hours. While the stadiums look set
to be ready in time, having enough
accommodation could be a challenge
for the organisers in both Mongomo
and Ebebeyin. Some of the social
housing buildings that could be used for
accommodation during the Nations Cup
Ebebeyin has only one large hotel
of international standards.
The government and organisers
are also taking measures against the
possibility of the deadly Ebola virus
getting into the country. Fans being
screened for Ebola at the Bata Stadium.
All passengers arriving at Malabo
airport from abroad are having their
temperature checked. There was also
an Ebola screening exercise at Bata
stadium, before a match of the CEMAC
(Economic Community of Central
African States) Cup, which is currently
being staged in Equatorial Guinea.
“During the Cup of Nations, there
will be other controls and this kind of
protection will be happening further
away from the stadium,” a local fan,
Juan Esono, told us.
A Cameroonian working at the
Mongomo stadium told BBC Sport:
“I've been checked many times for
Ebola when crossing the border near
Ebebeyin. So I don't think there will be a
problem with the virus here.”
Modern Ghana
Player of the Year thanks to his
performances for the Bianconeri.
Gonzalo Higuain was voted
best centre-forward, but Napoli
President Aurelio De Laurentiis
refused to let his players attend the
ceremony.
Ciro Immobile won the award
as best right-sided striker and
Capocannoniere due to his time at
Torino, though he joined Borussia
Dortmund over the summer.
Matteo Darmian of Torino was
best right-back, while ex-Roma
defender Mehdi Benatia beat
Giorgio Chiellini and Davide Astori
to the best centre-back trophy.
Antonio Conte received the
award as Coach of the Year ahead
of Rudi Garcia at Roma and
Fiorentina's Vincenzo Montella.
AIC Best XI: Buffon; Darmian,
Barzagli, Benatia, Asamoah; Pogba,
Pirlo, Vidal; Immobile, Higuain,
Tevez.
Modern Ghana
mONDAY | DECEMBER 22, 2014
ENCOUNTER WITH EDITOR12
Owner / Publisher / Editor: Mr. Kirit Sobti from 3rd Floor, Plot No. 3, Block PSP-IV, Service Centre Opp. Sector-11 (Extn.), Rohini, Delhi-85
Printed at LIPEE SCAN PVT. LTD. 89 DSIDC SHED Okhala Phase 1, New Delhi
What do you think African countries
should do to give their population
the technology they want such as the
broadband services?
The priority should be to invest
in the foundations and infrastructure
from which people can access services
that enhance and add value to their
lives – TV has proved itself over the last
50+ years as a medium where users
can access information, education and
entertainment from a single platform.
Digitization is essential to enable
operators to transit their users in
engaging more and scalable TV services
– from enhancing traditional linear
broadcasts, to push-VoD and catch-up
TV. Increasingly users today use the
internet to access the services they
want being their location, and how they
want too; Africa’s unique geography
and demographics mean that whilst
fixed infrastructure can be deployed
in the main cities, wireless broadband
(3G and now 4G LTE) is fast becoming
the most viable technology for bringing
the internet to rural populations.
Infrastructure needs investment and
regulation to ensure open and fair
accessibility for all users – this will
need private companies and public
bodies to co-operate and build the
technology eco-system that enables all
Africans to benefit.
What are the key features of DStv's
Explora decoder and what are the
local manufacturer companies
getting involved in this partnership
to produce them locally?
Although Explora has been designed
with Internet connectivity keeping in
mind a major feature of the Explora
that is its ability to provide subscribers
with the same experience as they would
get in a market where broadband is
readily available and affordable but
without the need to use the internet.
This is achieved through expanding
the amount of video on demand
content stored, with content delivered
over satellite stored on Explora via a
dedicated tuner.
What have been the challenges they
were facing so far when considering
local reality in terms of capacity?
There have been a number
of challenges in establishing full
manufacturing capability for Pace
products, these have been from
establishing supply chain, to instilling
world-class manufacturing processes
and procedures throughout maintaining
product quality standards Pace and our
customers expect.
This has very much been a phased
approach with our operations team
working with our local manufacturing
partner from day 1 – establishing
production work flows, quality
processes, moving from assembly
to full surface mount technology
manufacturing, ramping capacity step
by step, to the point where we now
have a fully operational capability to
produce STBs for the South Africa and
wider African market from our East
London facility.
Whilst some of the core electronic
components (silicon for example) still
need to imported, Pace are committed
to sourcing as much material as
possible locally, not only supporting the
local economy but helping to reduce
lead-time and a value add supply chain
for our customers. We have engaged
with local companies for the supply of
plastics, printing, and packaging and
continue to review suppliers against
bill of materials.
How will some African countries
and population benefit from these
technologies since they are produced
locally?
Pace are 100% committed to
Africa. That commitment comes with
responsibility and accountability that
we do the right thing when it comes to
ensuring local people not only benefit
from our products and services, but
also have a chance to become part
of growing that success across the
continent. Our manufacturing facility
in East London not only creates
employment within the region, but also
gives people the opportunity to become
skilled in the manufacture of high
volume consumer electronics, skills
that give them future mobility across
the industry and also educate and up
skill their colleagues.
In a many parts across the Sub-
Saharan African region, rural
markets are not attractive for
products such as these PACE digital
TV technology which are instead
focusing on urban areas? What do
you think are the main barriers for
this mind set change?
Pace is a global player across a wide
variety of international markets from
advanced to emerging, specifically Pace
is investing in a number of products
that will help Africa with digitalisation
in bring entry-level TV and broadband
services to rural areas. Rapidly evolving
markets such as Brazil, APAC, Russia/
CEE and Africa are where we have an
opportunity to get people onto the first
rung of the digital ladder – whether TV
or Internet – by helping them with their
first step, maybe, people will stay loyal
for the second and third steps.
The lack of both financial and human resource skills emerged a need to enable the transition from the old analogue television
broadcasting system to a modern digital system by 2015 as instructed by the International Telecommunication Union (ITU), is
said to advance at slow pace in many countries across Africa. Although the television has proved itself over the last 50 years as
the sole medium where users can gain information, education and entertainment from a single platform, there is still a challenge
to engage subscribers with this technology, Darren Granger, the Regional Sales Director at Africa at PACE, one of the a leading
technology solutions provider to the PayTV and broadband service industries told Indo Africa Times in an exclusive interview.
Enhancing Business in Africa
Darren Granger
Regional Sales Director,
Africa at Pace
MONDAY | DECEMBER 22, 2014

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Volume 1 issue 50

  • 1. www.indoafricatimes.com MONDAY | DECEMBER 22, 2014 Title Code: DELENG18579 • RNI NO: DELENG/2014/54666 • Postal Registration No.: DN/325/2014-2016 • VOL. 1 • NO. 50 • Page 12 • Price `10 pg08 pg 04 pg 11 pg 07 pg 02 Continued to page 03 Miss South Africa crowned Miss World T his year’s Miss World pageant was won this year by 22-year-old South African Rolene Strauss. Strauss was crowned Miss World 2014, taking over from last year’s winner Megan Young of the Philippines. Strauss becomes the third South African to win the title. Miss Hungary, Edina Kulcsar, was first runner-up, and Miss USA, Elizabeth Safrit, came third. Miss Uganda, Leah Kalanguka only succeeded to make it to the top 25 in the People’s Choice category, acknowledgements to the online campaign that got people casting votes for her. Unluckily, she does not appear in any other category. This can be credited to the fact that she arrived later than other contestants in the Miss World boot camp in London. She does not perform in the rest of the categories including beach fashion, multimedia, CAPE VERDE ON TRACK It’s 100% UNTOUCHED: Equatorial Guinea Get Unin- terrupted Power Solutions Mozambique launches new international airport AFCON 2015: Equatorial Guinea preparations underway
  • 2. Wassupafrica02 Colossal statue of Amenhotep III unveiled in Egypt Phone charging made simple Archaeologists unveiled a restored colossal statue of Amenhotep III that was toppled in an earthquake more than 3,000 years ago at Egypt's famed temple city of Luxor. The statue showing him in a striding attitude was re-erected at the northern gate of the king's funerary temple on the west bank of the Nile. The temple is already famous for its existing 3,400-year-old Memnon colossi - twin statues of Amenhotep III whose reign archaeologists say marked the political and cultural zenith of ancient Egyptian civilisation. The 12.92-metre (43-foot) statue unveiled stands west of an existing effigy of the king, also depicting him walking, which was unveiled in March. The world-famous twin Memnon colossi are 21 metres tall but show the pharaoh seated. The restored statue now stands again for the first time since its collapse 3,200 years ago, Sourouzian told AFP from Luxor. Consisting of 89 large pieces and numerous small fragments and reassembled since November, the monolith weighs 110 tonnes. It had lain broken in pieces after the earthquake in 1200 BC, Sourouzian said. The statue shows the king wearing the white crown of Upper Egypt, and each hand holding a papyrus roll inscribed withhisname,liketheonestanding next to it that was unveiled earlier Rwanda's Henri Nyakarundi founded African Renewable Energy Distributor (ARED) to give renewable energy solutions to the public and private sectors in his home country Rwanda after failing to find a place to charge his phone from. However, he never imagined that his idea would ever cross the border. Now with great success in Rwanda and Burundi, he is aiming at launching a similar project in Kenya and across the East African region. His Mobile Charging Kiosk dubbed SharjaVuba is set to help thousands who are not connected to grip electricity with alternative energy from solar power and photovoltaic technology. Nyakarundi is implementing a franchise business model, where business minded individuals will pay this year. His belt, holding a dagger with a falcon-head handle, is fastened with a rectangular clasp bearing the names of the king. Work to conserve the Amenhotep III temple is entirely funded through private and international donations. Pharaoh Amenhotep III inherited an empire that stretched from the Euphrates to Sudan, archaeologists say. The 18th dynasty ruler became king aged around 12, with his mother as regent. Amenhotep III died in around 1354 BC and was succeeded by his son Amenhotep IV, widely known as Akhenaten. Luxor, a city of some 500,000 people on the banks of the Nile in southern Egypt, is an open-air museum of intricate temples and pharaonic tombs. Modern Ghana Mozambique launches new international airport M ozambique's President Armando Guebuza inaugurated a new international airport in the northern port city of Nacala, which is shortly to be Brazilian mining giant Vale's main hub for coal exports. The estimated cost of $200 million has been partly financed by a loan from the Brazilian state- bank, BNDES. Brazilian company Odebrecht was in charge of the construction. The new facility will allow business travellers to avoid the 200 kilometre journey from Nampula, the closest airport. Built on a former military airbase, the airport has an initial capacity of 500,000 passengers a year and can accommodate long- distance aircraft including Boeing 747s, according to a statement from Aeroportos de Mocambique. Mozambique Airlines (LAM) has been using the airport since December 8, but the new facility has not yet received international certification. The airport opening marks a new stage in the development of resource-rich Mozambique's north,withNacalaalreadyboasting one of East Africa's deepest natural ports. "From a maritime perspective, this is the only port between Durban and Djibouti to have a draft greater than 15 meters," said Mathieu Freidberg, Africa director for shipping company CMA-CGM. A five-year rehabilitation of port infrastructure launched in March aims to increase container traffic five-fold, according to Loni Shott of Portos do Norte, the port operator. After being repeatedly postponed, operations are expected to start in the second quarter of 2015, Vale Mozambique CEO Pedro Gutemberg announced this week. A $4.4 billion investment, the Nacala logistic corridor –- which encapsulates the port terminal and ARED Rwf 245,000 or Rwf 350,000 to purchase a kiosk, plus a monthly charge of $45 to service and support the device. The lower-end cost would supply an individual with a kiosk, powered by solar energy to charge up to 20 phones at a time, while the Rwf 350,000 package allows one to operate a “smarter” kiosk which can also sell mobile phones, airtime and electricity. “I really wanted to bring value to the business,” Nyakarundi said. “I wanted to design and engineer my own product. I didn’t want to just import something from China.” Consumers who want to charge their device at one of the kiosks only have to pay less than Rwf 100.Users can also visit a kiosk, leave their phone charging and pick it later. “When one applies for a franchise, they must also present two people who will be running the kiosk. We also do a background check,” Nyakarundi says, adding that his focus is mainly the people at the bottom of the pyramid. He says he is in talks with a microfinance organization over a potential partnership meant to support applicants at the beginning. Nyakarundi has created and kept ARED afloat using money from his previous business in the United States but he believes $250,000 is needed to cover operational costs for two years, employ more staff and order 100 kiosks. The eventual plan is to roll out the kiosks in more African countries (New Guinea and Zambia have already expressed interest) but for now those 100 devices will be split evenly between Rwanda and Burundi. New Times Namibia’s Sovereign rating a boon to local markets Foreign investors see Namibia’s strong ability and willingness to pay its creditors in a positive light, a local expert says. Capricorn Asset Management Portfolio Manager Shaun Namaseb said that investors regarded the country as a jewel in Africa. “As we are one of four African nations [besides South Africa, Botswana and Mauritius] to hold an investment grade rating from international ratings agencies, we have been the subject of attention from offshore investors. “This year Capricorn Asset Management was able to host two offshore fact-finding visits from US and UK-based investment houses, facilitated by South African banks eager to invest in our domestic Namibia dollar denominated debt. “Sadly, their participation is currently limited to the Namibian Euro bond and the Rand denominated JSE listed bond. We, however, expect this to change as the local industry develops and we move away from a paper-based trading system towards the Central Securities Depository model,” Namaseb said. Investors considered Namibia’s ability and willingness to pay its creditors as one of the key requirements before they entered a market, Namaseb explained. “Our country produces strong GDP results, with the Fitch ratings agency estimating 5.2 percent growth for 2014. Similarly, the nation’s balance sheet remains healthy with a debt/GDP ratio of 25 percent whereas our peer nations run at a debt/GDP ratio of 40 percent. “We are also often praised for our strong financial and banking system, which also bolsters the case for investment in Namibian Government Bonds,” he said. However, analysts often classified the Namibian market as illiquid, or too small, to accommodate foreign investment portfolio flows, he said. As a result offshore investors only made up a small segment of the domestic bond market and as such did not provide liquidity. “The answer to increased liquidity does not solely lie with the Namibian Government increasing its debt outstanding, but rather with the asset managers and market participants, such as pension funds. “With a vast majority of pension assets managed from outside our borders and concentrated in a few players’ hands, the industry is unable to gain critical mass. We need more local managers with local decision making allocated pension assets, as it is the local manager who has a vested interest in developing the market,” he advised. He noted that foreign buyers could repatriate 100 percent of the financial assets they purchased in the domestic market relatively quickly if things turned for the worse. Regarding the performance of the asset class, Namaseb said that there was no data available for net foreign flows into the Namibian bond market. “However, after a very difficult year in 2013 for the bond market brought on mainly by fears of rampant inflation domestically and speculation as to the timing of the end of US quantitative easing, 2014 had proved to be very bond friendly.“Whereas last year the BEASSA ALBI returned around 0.64 percent ended December 2013, bonds returned around 13 percent so far this year,” he said. BEASSA ALBI is the South African All Bond Index. This index comprises highly liquid South African Government and state-owned debt. It serves as a proxy for the bond market in South Africa. Moves by central banks globally resulted in yields and interest rates across the world falling, a situation that forced offshore investors to make changes to their investment choices. Offshore investors seeking returns were subsequently forced out of the comfort of high-grade sovereign debt, such as that of the US and selective European nations like Germany, into riskier debt that could provide lucrative returns. “We find that investors who used to shun emerging market sovereign debt are now seasoned market participants in emerging market debt,” Namaseb said. the railway line –- is expected to handle 18 million tonnes of coal by 2017, increasing Vale's current export capacity fivefold. When the railway is completed, Nacala will be connected to neighbouring Malawi and to copper-rich Zambia, said Shott. Nacala would then become an important gateway to the Indian Ocean, with China and India major trading partners. "Carriers are seeking alternates to Durban, which is far and expensive," said Freidberg says. "But beyond its obvious natural potential, Nacala still lies far behind Mombassa in terms of infrastructure." Modern Ghana Armando Guebuza, President, Mozambique  MONDAY | DECEMBER 22, 2014
  • 3. Wassupafrica 03 FROM PAGE 01 P resident John Dramani Mahama and his Kenyan host, President Uhuru Kenyatta, have supervised the signing of seven key agreements to strengthen the bonds of friendship and cooperation between the two nations, at the conclusion of a three-day state visit of the Ghanaian leader. Two of the agreements, which were signed at the State House in Nairobi, centred on the development of partnerships in Air Services and Trade, whilst five Memorandums of Understanding, (MOUs), were signed on Tourism, Agriculture, Energy, Oil and Gas, Information and Communications Technologies, (ICTs), and Education. Some elements of the agreements include efforts to reduce the cost of doing business between the two countries, cooperation in tourism training, and the exchange of technical information in agriculture. In bilateral discussions preceding the signing ceremony, the two leaders exchanged ideas on the need to establish Double Taxation Agreements between the two nations and how to protect investments in each other's country. They further discussed how Ghana and Kenya could serve as effective sub-regional aviation hubs in West and East Africa respectively. President Mahama Ghana and Kenya sign seven agreements to boost ties President Armando Guebuza inaugurates roads in northern Mozambique The outgoing Force Commander of the UN Mission in Mali, Maj. Gen. Jean- Bosco Kazura, was earlier this week bestowed upon the National Order of Mali, by the Malian government in recognition of his role in pacifying the country. Gen. Kazura received the medal from Malian Defence Minister Bah N’Daw during a ceremony attended by Minusma officials, senior Malian military officials and Mali’s Chief of staff, Brigadier General Mahamane Touré. During the ceremony, Mali’s Chief of Staff was quoted saying: “You leave us when our expectations are not yet fulfilled, whereas you have accumulated a wealth of expertise that is second to none in the knowledge of the Malian situation. You are well familiar with all the players, the issues, and it is today, when your contribution is vital that you decide not to renew your contract”. “You did what you could. The ball remains more than ever in the camp of Minusma. Malians have their eyes on the Minusma to fulfill its mandate successfully,” Gen. Touré said, Kazura thanked the people of Mali and the country’s leaders, particularly Mali decorates Gen. Kazura for his services President Ibrahim Boubacar Keita, for their hospitality. “I did not come to Mali for its beauty and warmth but for its people and for ourselves, because it would be a shame to think that the problem of Mali is only a national one. It is global. The Rwandan people will never forget the participation of the Malian army to restore peace in Rwanda after the crisis of 1994. We must put our efforts together to overcome the crisis in Mali,” he said. Gen. Kazura completes his tour of duty, 18 months after he was appointed to head the UN peacekeeping mission in the West African nation. He has been heading the Multidimensional Integrated Stabilisation Mission in Mali (Minusma), which took over from an African peacekeeping force. Minusma’s current mandate expires in June next year. It was established by the Security Council under Resolution 2100 and tasked to carry out a number of security- related tasks and support political processes in Mali, including assisting the transitional authorities in extending and re-establishing state administration throughout the country. Prior to his appointment as Force Commander, Gen. Kazura was Commandant of the RDF School of Infantry in Gabiro. Last Friday, he toured Timbuktu where he urged continued vigilance and discipline on the part of Minusma in bid to fully pacify Mali. New Times congratulated his Kenyan host on the recent decision of the International Criminal Court, (ICC), to drop charges of crime against humanity and genocide levelled against him over the killing of more than 1000 people during the 2007 elections. President Mahama (who is Chair of the Economic Community of West African States, (ECOWAS)) noted that Kenya, as the largest economy in East Africa, and Ghana, as the second largest economy in West Africa, could forge stronger partnerships that boost intra- African trade and deliver jobs, opportunities and prosperity to the people of both nations. The Kenyan leader, who is the current Chair of the East Africa Community (EAC) commended President Mahama on his leadership as Chair of ECOWAS, especially in addressing terrorism and insecurity, fighting the ebola outbreak disease in some West African countries and also assisting the people of Burkina Faso to return their nation to a state of normalcy after the citizens uprising that resulted in the resignation of President Blaise Compaore. The two Presidents characterised the visit as the re-opening of a new and promising chapter in Ghana-Kenya relations, to build on the warm, deep and historic pre-independence bonds established by Ghana's first President, Dr Kwame Nkrumah and Kenya's founding President, Mzee Jomo Kenyatta. President Kenyatta thanked President Mahama for undertaking this historic three-day state visit, which is the first ever by a sitting Ghanaian Head of State. In his response, President Mahama extended a reciprocal invitation to his host to undertake a state visit Ghana at a date to be agreed by both Governments soon. On arrival at State House, President Mahama inspected a guard of honour mounted by troops from the Kenya Defence Forces and received a twenty-one gun salute. Earlier on Friday morning, President Mahama laid a wreath at the Mausoleum of the late Kenyan President Mzee Jomo Kenyatta, during a solemn ceremony. The two Presidents also toured the vast compound of the Kenya National Youth Service, where thousands of Kenyan youth are trained and deployed every year into various sectors and communities. The leaders inspected heavy equipment and trucks that are used for the construction of boreholes and roads, in deprived communities, such as the Kibera slum area in Nairobi. President Mahama, who also served as a Special Guest of Honour at Kenya's 51st Independence anniversary celebrations (or Jamhuri) Day on Friday, 12th December, leaves Kenya on Sunday, 14th December 2014. Modern Ghana Maj. Gen. Jean-Bosco Kazura  sports and fitness, talent and Beauty with a Purpose. Last year, Stella Nantumbwe did not deliver much, although Ugandans had high hopes in her. Phiona Bizzu represented Uganda in 2012 at the showcase held in China. She succeeded to make her occurrence felt during the penalty shoot-out (sports category). The crown was won by home girl Yu Wenx. This year’s winner is a fourth year medical student and terms herself as having a “wild South African heart.” Asked why she wanted to be Miss World, Strauss is recited as saying: “Being proudly South African,Ihavefirsthandexperience that unity, respect, and forgiveness exist; those all are aspirations of the Miss World organization, so it would be amazing to represent an organization that is a beacon of hope all over the world.” Antigone Costanda, an Egyptian of Greek heritage, was the first beauty queen signifying an African country to win the title in 1954. Nigeria’s Agbani Darego was the first black African to win the pageant in 1982. Women from 121 countries The Auasse/Mocímboa, Praia/ Palma and Macomia/Auasse roads in the province of Cabo Delgado, northern Mozambique, with a combined length of 225 kilometres, were inaugurated by the country’s President, Armando Guebuza, the Mozambican press contended in the 64th annual contest that began Nov. 20. Contestants had to prove themselves in events presenting their beach fashion, charity work, media savviness, sports ability, modeling skills and individual talent. Strauss won the title of Miss South Africa in March and used her position to follow her "passion for women's rights, health and education," she said in her Miss World 2014 introduction video. She painted her work of educatinggirlsaboutmenstruation to keep them in school. Strauss hopes to go to business school, become a doctor and start a business concentrating on women's health. More than one billion people tuned into the live event at ExCel London ICC Auditorium, according to the Miss World website. Performances from Sky Blu, The Vamps and the Miss World candidates themselves aided break the nervous tension as spectators and the ladies themselves waited to hear the results of each round. One of the highlights of the evening came when the candidates surprised Beauty with a Purpose founder and Miss World chair Julia Morley with an honor in the form of a song number. She was then greeted by Miss World 1994, Bollywood royalty Aishwarya Rai Bachchan, Miss World 1953 Denise Perrier, and Miss World 2013 Megan Young. reported. Rebuilt with a loan of 93 million euros granted by the Portuguese State, the road linking the district of Mueda and the districts of Mocimboa da Praia and Palma is 122 kilometres long and the road between Mueda and Macomia is 103 kilometres long. The two roads were rebuilt by construction companies Ceta, of Mozambique and Andrade Gutierrez, of Brazil. Guebuza then travelled on to Zambezia province to inaugurate the road between Gurué and Magige. High Commission of Mozambique mONDAY | DECEMBER 22, 2014
  • 4. include salt, pozzolana (a volcanic rock used in cement production), and limestone. Its small number of wineries making Portuguese-style wines have traditionally focused on the domestic market, but have recently met with some international acclaim. A number of wine tours of Cape Verde's various microclimates began to be offered in spring 2010 and can be arranged through the tourism office. The economy of Cape Verde is service-oriented, with commerce, transport, and public services accounting for more than CountryoftheWeek04 C ape Verde formally the Republic of Cabo Verde, is an island country crossing an archipelago of 10 volcanic islands in the central Atlantic Ocean. Located 570 kilometres (350 miles) off the coast of Western Africa, the islands cover a mutual area of slightly over 4,000 square kilometres (1,500 sq mi). Cape Verde's economy has been progressively mounting since the late 1990s, and it is now officially measured a country of average development, being only the second country to have achieved such transition, after Botswana in 1994. Cape Verde's prominent economic growth and enhancement in living conditions despite a lack of natural resources has reaped international recognition, with other countries and international organizations often providing development aid. Since 2007, Cape Verde has been categorized as a developing nation. Cape Verde has few natural resources. Only four of the ten main islands (Santiago, Santo Antão,São Nicolau, Fogo, and Brava) normally support significant agricultural production, and over 90% of all food consumed in Cape Verde is imported. Mineral resources Advertisement please email to ads@indoafricatimes.com or call at +91 8595166674 +91 9350564995 To book your 70% of GDP. Although nearly 35% of the population lives in rural areas, agriculture and fishing contribute only about 9% of GDP. Light manufacturing accounts for most of the remainder. Fish and shellfish are plentiful, and small quantities are exported. Cape Verde has cold storage and freezing facilities and fish processing plants in Mindelo, Praia, and on Sal. Expatriate Cape Verdeans contribute an amount estimated at about 20% of GDP to the domestic economy through remittances. In spite of having few natural resources and being semi-desert, the country boasts the highest living standards in the region, and has fascinated thousands of immigrants of different nationalities. Investment Opportunities in Cape Verde Fishing Cape Verde’s waters are opulentinunder-exploitedmarine resources, forming a countless potential for investments in the fishing industry. The fishing industry is budding and backs to a large portion of the country’s exports. However, Cape Verde has fishing potential yet to be fully exploited. Two foremost international fishing grounds border the islands, which are spread across Tourism Presently the islands of Sal (alone, 65% of tourism activities in the country), Boa Vista, Sao Vicente and Santiago are desired there is growing need for modern accommodation facilities on other islands as well Transport Sector One of the main significances in the transport sector area is to transform Cape Verde into a shipping support podium and a regional air transportation hub. Sea Cluster As far as a Sea Cluster is apprehensive, the Government is now endorsing the Island of S. Vincent as a Regional Center for processing, marketing and export of marine resources. Investments are greeted in cold storage, ship repair and maintenance, transshipment and Bunkering and handling facilities, along with major public-private partnerships for the construction and management of a new deep sea Port and of a Cruise Terminal in the Island of S. Vincent. Air Cluster Investments are very much greeted into an Air Cluster, mainly in the privatization of the national air carrier – TACV. The government is aiming at a strategic partnership for the development of synergies on traffic and economically profitable activities and operations with African, European and South and North American markets/ destinations, along with major opportunities in the concession of the four major international airports operations and services. A niche of opportunities exists within this cluster for aircraft maintenance and handling and air navigation services. Energy Sector Cape Verde’s determined growth plans in the energy sector is to have 50 percent of electricity come from renewable energy sources by 2020 which will necessitate big investments in power and water infrastructure, and their use of alternative energy presents great opportunities. Cape Verde has one of the best wind regimes in the World (18m/s) and a great potential for solar energy with a ratio of 6-8 kWh/m²/day. InformationandCommunication Technology Another priority area is in Information and Communication Technology, which is set to play a lead role in the economic expansion of the country in the medium and long terms. Advertiser's Index Chadha Power .................0Page 02 PHEL ............................... Page 03 The Times of Africa ..........0Page 05 Modern Agro ...................0Page 05 Pravasi Bharatiya Divas ..0 Page 08 Mill India Ltd. ...................0Page 10 Laxmi Publications ..........0Page 11 ISIC ..................................0Page 11 Prakash Ameusment .......0Page 11 Agritec Africa ................... Page 12 Cape verde AT A GLANCE Country official Name: Republic of Cape Verde Head of state: Jorge Carlos Fonseca, President Capital: Praia Independence day: July 5, 1975 Religions: Christianity Total land Area: 4,036 square CAPE VERDE O N T R A C K kilometers (1,558 square miles) GDP: 1.888 billion USD (2013) Growth Rate: 0.9% annual change (2013) Population: 498,897(2013) Languages: Portuguese, Crioulo Climate: The Tempo das Brisas (time of the winds) from October to mid-July and the Tempo das chuvas (rainy season) from August to September Export Items: Shoes, clothes, fish, bananas, hides, pozzolana (volcanic rock, used to make cement) Import items: Refined Petroleum, Planes, Helicopters, and/or Spacecraft, Cement, Rice, and Cars Time Zone: UTC/GMT -1 hours Currency: Cape Verde escudo MONDAY | DECEMBER 22, 2014
  • 5. BusinessBuzz 05 Guinness Ghana initiates GH¢515,000 water treatment plant for Alogboshie, Atebubu Microsoft Lumia & Juliet Ibrahim to make Singapore trip happen for 3 couples Guinness Ghana Breweries Limited has cut the sod for the commencement of two Water Health Centres for Alogboshie, a suburb of Achimota in the Ga West Municipality, and Atebubu in the Brong Ahafo Region. The combined GH¢515,000 project is fully funded by GGBL and the Diageo Foundation and will provide access to clean potable drinking water to over 40,000 inhabitants of both communities under its flagship community investment programme, Water of Life. This project brings to 9 the total number of Water Health Centres GGBL and Diageo Foundation have sponsored across the country since 2012. A Water Health Centre is a miniature water treatment system consisting of boreholes connected to a reverse osmosis plant and a housed ultra violet system to treat water for communities. What better place to spend the New Year (2015) than the beautiful South-Eastern Asian country of Singapore, home to the world’s most attractive tourist sites? With just a week to Christmas, Microsoft Lumia, is offering beautiful and exciting Singapore to Ghanaians on a silver platter through its “#MakeItHappen” p r o m o t i o n , running now till the end of December. With just a ‘selfie’ taken with Lumia 530, 630, 535, 730, 830 and 930, and posted on Microsoft Lumia Ghana facebook page, one stands the chance of going on an all- expense paid dream holiday to Asia in the New Year. E x p l a i n i n g the participation process, Mr. Kolawole Osinowo, Business Manager, Microsoft Mobile Devices and Speaking at the sod cutting ceremony at Alogboshie, Richard Ahiagble, Corporate Sustainability and Responsibility Manager said, “the selection of Alogboshie, a community close to our Achimota Brewery and Atebubu, where we source local raw materials for our production is in line with our commitment to invest in enriching communities in which we have direct operations and source locally. " He revealed that last year, GGBL invested in a Community Health Post and the construction of a one classroom block as part of our employee volunteering programme for the Alogboshie community. He added that recent research on the impact of the Water of Life programme revealed the effect to extend beyond the simple provision of access to clean drinking water. "The study shows that the programme has contributed to the reduction of water-related diseases As part of celebration to mark its second anniversary, the Royal Bank in collaboration with Zoomlion Ghana Limited undertook a cleanup exercise at the Princess Marie- Louise Children's Hospital in Accra. The initiative was aimed at exposing members of the community to the importance of maintaining a clean environment throughfrequentcleanupexercises. Management of staff of the bank were seen sweeping and cleaning gutters in an around the hospital to prevent any outbreak of communicable diseases. The bank also donated an amount of GH¢5,000, food stuff, toiletriesandotheritemstosupport the hospital upcoming Christmas party. Head of Strategic Planning, Research and Corporate Affairs, Dr. Kwame Baah-Nuako said the decision to clean up is to support government campaign on sanitation. He noted that the choice of the Children's Hospital for the exercise is to ensure children who are more susceptible to communicable Royal Bank marks 2nd anniversary with clean-up exercise diseases remain in good health to enjoy Christmas Dr. Baah-Nuako said as a people centered bank, they always seek to champion social activities to improvethelivesoftheunprivileged in society. “The focus area for the Royal Bank foundation is health and sanitation so when we decided to celebrate our second anniversary, it came naturally to the bank to do things that support what the foundation is doing” he added. Dr. Baah-Nuako promised their continuous support for the Princess Marie-Louise Children's Hospital. Receiving the items and cash donation on behalf of the hospital, the Medical Superintendent, Dr. Eric Sefah said the donation was very timely as they prepare for their Christmas party. He stressed that the donation will go a long way to bring a smile to the faces of the children. Dr. Eric Sefah made a passionate appeal to corporate institutions and individuals to support their bid to provide a better health facility Modern Ghana from15%to3%inthecommunities where a Water of Life project has been placed. We hope that with the construction of this facility, we can create jobs and empower these communities as well”, he added. Ekow Blankson, Vice President and Business Head of WaterHealth International, Ghana added “Guinness Ghana has partnered with us to provide WaterHealth centres to over 8 communities. The feedback from these communities has been great and the impact has been tremendous. We are excited to partner on these projects as well and are happy at the level of support we are already receiving from the two communities. We will be training and employing residents from these communities to operate and manage the facility once completed – creating local jobs and supporting livelihoods.” The two projects are expected to be completed by January 2015. Modern Ghana Service, Ghana, said, “to qualify for the promotion, one has to take a selfie with one or all of the selected Lumia phones and upload them to Microsoft Lumia Ghana Facebook page with the Hashtag #MakeItHappen #Ghana #LumiaSelfie followed by the IMEI number of the phone(s) As part the campaign, market activations are currently on-going at selected Malls and shopping centres including, the Telefonika Store – West Hills Mall, Compu Ghana Store, Marina Mall, and the OSU Mall. Celebrity Juliet Ibrahim the brand ambassador for the #MakeitHappen Campaign will also make an appearance at the selected malls to part take in the ‘selfie’ sessions. He disclosed that owners of the top three ‘selfies’ shots will win an all-expense paid trip to Singapore with a partner. Mr. Osinowo urged Ghanaians to make this year’s Christmas a memorable one using Lumia phones to capture all their wonderful moments. The Lumia range of 730 and 830 boosts a full High Definition 5megapixel front facing camera for users to take perfect selfies and share quickly and easily on their social networks, while the Lumia 830 with its sleek and elegant look, brings Microsoft’s flagship style and performance to more people with integrated Microsoft experiences and superior PureView imaging. Modern Ghana mONDAY | DECEMBER 22, 2014
  • 6. FRANKLY SPEAKING06 By kirit sobti, editor, iat editor@indoafricatimes.com A fter epochs outside the global financial mainstream, Africa is now becoming one of the world’s most flying markets and a progressively sought-after investment destination. There are rich reasons for this striking re-evaluation. African economies are escalating on the back of growing commodity prices, trade and foreign investment, while swelling consumer affluence is serving to drive demand for goods and services. What is more, the development to date is dwarfed by Africa’s enormous potential for economic growth, powered by continuing development in business situations and increasing globalization. Also, while many African nations endure to be held back by matters such as political and civil instability, poverty, poor infrastructure and concerns over governance, more and more African countries are now getting over with these barriers. In nations across the world, understanding shows that economic growth is intimately related to a strong banking sector. Banking, through its fundamentally vigorous role in funding an economy, lifts economic activity. Other financial services companies also have an imperative role to play, as suppliers of services and developers of financial infrastructure. To deliver these paybacks more efficiently in Africa, major banks and insurers are now vigorously examining how best to expand their impression there. International Financial Institutions (IFIs) are public investment and development institutions possessed by their member governments that deliver funding, technical help and policy advice, research and other non-financial support to governments in “developing” and “transition” countries. Many IFIs also furnish financing to companies capitalising in the developing world. IFIs, of which the World Bank and IMF are the best known, are the major source of development finance in the world, lending between US$30 and $50 billion to low- and middle- income countries each year. These IFIs take on diverse roles. Some provide loans and grants to governments, for definite projects or for policy reforms and technical support. Others invest in private businesses or provide guarantees (insurance) for private sector projects. IFIs, and in particular the World Bank, are also a foremost source of development “knowledge” and policies, and de-facto standard-setters for international finance and investment. Because of their roles as lenders and as knowledge brokers, IFIs exercise noteworthy inspiration over policy-making in many countries across Latin America, Asia, Africa, the Middle East, and Central and Eastern Europe. IFIs shape the complete amount and composition of development financing available to countries, directly and indirectly. Research and analysis from the World Bank and International Monetary Fund (IMF) about a country’s economic policies often affect how much other donors are keen to contribute or how much businesses invest there. The role of the Bank and Fund as “gatekeepers” for international finance and credit is robust for aid-dependent countries without credit ratings than for countries that have access to A Continent Whose Time Has Come Ebola has no passport; it respects no borders. It is a very dynamic epidemic. This is why - on top of this work with the WHO - the AfDB will invest an additional $150 million to assist its regional member governments through budget support operations in order to pay health workers, equip health centres, and create jobs.Pierre Laporte, The Minister of Finance, Trade and Investment, Seychelles. Mr. Donald Kaberuka, President, AFDB. The Board of Directors of the African Development Bank Group, during its ordinary sitting on Monday, December 15, 2014 in Abidjan, approved a proposed ADF loan of US $39 million to the Republic of Zambia, and a grant of US $12 million from the Bank’s Transition Support Facility (TSF) and a grant of US $24 million from the African Development Fund Regional Operations (RO) envelope to the Republic of Zimbabwe for the Kariba Dam Rehabilitation Project. The project involves the rehabilitation of the Kariba Dam infrastructure by reshaping the plunge pool and rehabilitating the spillway. The plunge pool will be reshaped in order to dissipate energy from the spilled water thereby reducing the energy on impact and hence bedrock erosion which could undermine the dam foundations, leading to dam failure. The project will rehabilitate the spillway gates to avoid possible jamming in the open or closed positions both of which would result in dam failure and catastrophic regional loss of lives, livelihoods, and billions worth of assets and power. The value-added of the Bank Group in this project is being part of the donor group to ensure adequate financing of the project, as well as helping in the design of additional technical and social investigations to assure the technical, social integrity and economic soundness of the rehabilitation approach. Specifically, the Bank Group has been able to leverage internal resources under the Transition Support Facility to fund the Zimbabwe’s contribution to the project costs when no other financier was in a position to assist, demonstrating strong commitment to being a development partner to countries in situations of fragility and transition, contribute to mitigation of the risk to fragility, ensuring human safety to both Zambia and Zimbabwe and the region as well as support the regional integration agenda. The Bank is also contributing to the creation of work synergy between the Southern African Power Pool and the Zambezi River Authority (ZRA) to enhance regional integration. The project will include a capacity- building component which includes training for technical staff of the ZRA and skills transfer through the supervision engineer and panel of experts. The programme will strengthen ZRA’s Emergency Preparedness Plan and also includes a programme for improved community emergency preparedness. AfDB AfDB approves US $70 million Kariba Dam Rehabilitation Project The reason the Cat DDO, which is financed by the International Bank for Reconstruction and Development (IBRD) is so significant is because it provides immediate liquidity when medium-sized or cumulative disasters hit Seychelles, as a result, we can avoid diverting the funds originally set aside for development projects attending to the needs of our country's poorest. In nations across the world, understanding shows that economic growth is intimately related to a strong banking sector. international capital markets. Many IFIs, like the World Bank, uphold that the intentions of their support for investment projects or policy reforms in developing countries are to diminish poverty and hearten sustainable economic growth. Nevertheless, much of the money provided in the name of development does not eventually help the people most in need. In large part, this is because the public has little say in development decisions. First, international financial institutions furnish financing - typically loans but also, in some cases, a noteworthy grant element - to aid the country's authorities reach aims agreed upon in discussion with the former. The financing may upkeep specific investments - in, for example, infrastructure and capacity building - or it may be part of a sector-specific or economy-wide adjustment program. Second, international financial institutions support national authorities' determinations to design policies to attain specific economic and social targets. This typically involves extensive consultations with both officials and private sector representatives, and between the headquarters and resident staffs of the international financial institutions to identify the bottlenecks and most important issues that the country faces. These are usually followed on the groundwork of a written report summarizing the findings and proposed policy recommendations of the international financial institutions' staffs. The policy packages agreed upon may include funds or other assistance precisely targeted on augmenting capacity in social or economic areas. Third, international financial institutions boost the growth, distribution, and acceptance of internationally accepted values and codes of good practice in economic, financial, and business activities. The acceptance and implementation of such standards and codes add to the development and enhanced functioning of domestic institutions, which, in turn, can benefit countries better integrate themselves into the world economy and help from growing globalization. Fourth, international financial institutions provide training on a multitude of topics. This training can take place within the outline of a detailed project that a country enforces with the provision of an international financial institution - for example, projects calling for reform of public enterprises, the civil service, tax administration, or the financial sector. It can also be delivered in courses, workshops, and seminars untaken by the training institutions of international financial institutions. And, fifth, international financial institutions cooperate - in Africa and other regions - with regional training and research institutions (including the African Capacity Building Foundation and the African Economic Research Consortium) to simplify knowledge transfer; train economic analysts, officials, and "trainers"; and support economic research. Whereas international financial institutions can play a noteworthy role, it is important to underscore that they should play only a supporting role and that the countries themselves should, and do, have the primary accountability for building their capacities. MONDAY | DECEMBER 22, 2014
  • 7. TRAVEL&tourism 07 The Mesmerizing Malabo Malabo is the capital city of Equatorial Guinea. Found on the edge of this city is a deep-set volcano. This site has endorsed Malabo to have an exceptional terrain and wildlife, combined with the buzz of being an African capital city. The Santa Isabel Cathedral is a must-see for all visitors to the African city, positioned in the Plaza de España. The cathedral is built in a Gothic-Spanish style, and makes available a contrast to the architecture around it. The Presidential palace is situated in the same square, and is worth a visit as well. Positioned on a volcano, Malabo offers sights such as craters and lakes that cannot be seen elsewhere. The beaches are a widespread leisure or weekend spot for locals and tourists alike, and a day must be certainly be spent on the beach. Getting Around Equatorial Guinea Air: There are flights between Malabo and Bata every day except Sunday; it is advisable to book in advance. Iberia (IB) (website: www.iberia.com) operates direct flights from Madrid to Malabo. Cameroon Airlines (UY) operates regular flights to Malabo from London, Paris and Rome. Other airlines serving Equatorial Guinea include Air France, Brussels Airlines, British Airways, KLM, Swiss and Spanair. Road: Bush taxis connect Malabo with the islands two other main towns, Luba and Riaba, and also run from Bata to Mongomo and Ebebiyin; they can be hired hourly or daily. Water: There is a ferry between Malabo, Bata and Douala. The trip takes about 12 hours. There are It’s UNTOUCHED 100% E quatorial Guinea is a country of luscious vegetation and beautiful scenery, including tropical forests and snow- capped volcanoes. The capital, Malabo, is a rather rundown but attractive town, with pleasant Spanish colonial architecture, a striking volcanic setting and a lively market. The white-sand beaches around the islands are stunning. No wonder the country was first of all named 'Formosa', meaning 'beautiful', by the Portuguese. The area was first colonized by the Portuguese in the late 15th century and handed over to the Spanish in 1788. Self-government was granted in 1959, followed by full independence in 1968.Its economy has expanded rapidly following the discovery of oil and gas deposits in the Gulf of Guinea, though little of this wealth has trickled down to the general population. four classes of fare. Shopping in Equatorial Guinea Markets sell local produce such as beans, rice, fruit, vegetables, oil and bush meat as well as fabric and clothing in traditional African prints, hardware and local crafts. However, prices may not be much cheaper than at home because many goods have to be imported from the mainland. Expect to barter in the markets. Where to stay in Equatorial Guinea Malabo, Bata, Luba and Ebebiyan offer several hotels of variable standards. In Malabo, there are also a few hostels offering basic cheap accommodation with shared bathroom facilities (two of which are located in Avenida de las Naciónes). A Luxurious Leisure Experience Awaits You!! If you’re captivated by Mother Nature, Equatorial Guinea is your Dreamland. Offering a variety of things to do with a splash of vibrancy, Equatorial Guinea has all of the benefits of a nation which strive to fascinate inbound leisure tourists, in particular prosperous inbound tourists. The amalgamation of pleasant weather, African rhythms and Spanish flair makes for a great day. Its many high-class hotels and solid infrastructure, pooled with glorious natural sites and unspoiled beaches make Equatorial Guinea eye-catching for luxury leisure tourists. It’s Finger Licking Good!! Equatorial Guinea has many yummy and delicious foods. Distinctive to most West African countries in the continent, they use peanuts, tomatoes, cassava, yams and a few treats, like monkey meat, that isn't readily a v a i l a b l e in the US - even from an o u t l a n d i s h meat vendor. C u s t o m a r y b r e a k f a s t foods include: boiled yams or cassava, bean cakes and ground millet porridge, which is very similar to grits. French food is common in Malabo, and some of the hotels can make available very genuine French cuisine. Local food is simply available by the roadside. A safer play would certainly be the hotel cafeteria or restaurant, where a dish of smoked beef and pepper is the prevalent national dish. Malabo:Thesmallbutstriking capital city abounds in Spanish colonial architecture and pleasant open plazas. The bustling market and the Spanish Colonial Center are worth a visit. Climbing Volcanoes: The spectacular Pico Malabo volcano is an easy day trip from the city of Malabo. Arrange an expedition to take in its breathtaking views. Beaches: The area around the mainland city of Bata boasts several beautiful and undeveloped beaches. Those at Mbini, just 32 miles (51.5 kilometers) south of Bata, are particularly gorgeous. Local Liquors: Malamba, made from sugarcane, and osang, a type of African tea, are the national drinks. Locally brewed beer and palm wine are also abundant. Market Shopping: Markets can be found in most cities and towns. In addition to local produce, bush meat, and textiles, many markets feature local handicrafts. Monte Alen National Park: This Park’s tropical forests are home to gorillas, elephants, chimpanzees, and many other creatures. Hire a local villager for a guided day trek through the park’s 870 miles (1,400 kilometers) of rain forest. Bata Nightlife: This mainland city may feel small by day, but its nightlife is impressive. Be prepared for a long night; nightclubs typically don’t get going until quite late and are still jumping in the wee hours. Moca Valley: Situated in the southern highlands of Bioko Island, this valley is home to the indigenous Buki people and offers plenty in the way of hiking and flora sightseeing. Annobon: Head to the island of Annobon to see three of the country’s most famous mountain peaks, Pico del Fuega, Pico Centro, and Pico Surtado. Pico Surtado, the southernmost peak, is an inactive volcano whose crater now contains an impressive lake. Arena Blanca: If you visit during the summer, Arena Blanca is a must-see. Its white- sand beaches are dazzling and enjoyable year-round. They literally come alive in the summertime with thousands of butterflies that nest there seasonally. 1 2 3 4 5 6 7 8 9 10 What to Do in Equatorial Guinea mONDAY | DECEMBER 22, 2014
  • 8. TALKINGTECHNOLOGY08 M/s Power Engineering (India) Pvt. Ltd. (PEIPL) and Power Engineering Sales Ltd., UK (PESL) are flagship companies of the Pai Kane Group. PEIPL is a leading manufacturer of diesel generators sets, gas generators sets, lighting towers, electrical panels and compact substations - all with the 'Pai Kane' brand. These products, though world-class in quality, are competitively priced. Pai Kane also supplies pumps/pump-sets, ups, inverters, stabilizers, pressure transducers /transmitters, compressors, HT panels, welding machines, blocksets and switchgears. PEIPL exports its products to over 30 countries of the world, which include some African countries. With over 15 years of experience in the field of power generation, its current m a n u f a c t u r i n g capacity for gensets is 15,000 sets per year, with a range from 5 kVA to 3000 kVA. PEIPL has been an OEM for leading engine brands, such as Perkins – UK, Volvo Penta – Sweden, MAN- Germany, Doosan - Korea, MTU - Germany, Mitsubishi - Japan, Maxxforce (Mahindra Navistar) - USA, Lombardini - Italy, Escorts - India; as also for the leading alternator brands such as Stamford, Leroy Somer and Mecc Alte. For its natural gas gensets, it partners with Perkins - UK for the range of gas gensets from 350 kVA - 1250 kVA and with Doosan - Korea for the range of gas gensets from 135 kVA to 350 kVA. With its own in-house design capabilities, PEIPL provides complete turnkey solutions right from design - through assembly, auxiliary m a n u f a c t u r i n g (synchronizing panels, control panels, base frames, acoustics etc), supply, installation and commissioning - to maintenance. PEIPL offers standard, as well as customized, diesel and natural / bio-gas gensets to its customers in Middle East Asia, South East Asia, and rest of Asia, Africa and Europe. Its manufacturing facility is one of the few in the world to be DNV certified for ISO 9001:2008 , ISO 14001:2004 for and OHSAS 18001:2007 - for its integrated Quality, Environment, Occupational Health and Safety System. Having adopted the Toyota Production System across the organization, the company has invested in state of the art technology to ensure that consistently high quality products are churned out. PEIPL has supplied innumerable gensets to almost every single sector of human endeavor/construction :residential complexes, hotels, educational institutions, medical institutions, banks and their data centers, telecommunication, retail chain, various infrastructure projects of the government and non-government agencies etc. Pai Kane brand generators are designed to meet the future demands of the power generation industry for clean and efficient power, offering high performance, dependability and reliability, while meeting the increasingly stringent emission requirements of the market. PEIPL's comprehensive, value-engineered, power generation solutions, coupled with its process-oriented skilled workforce, have a one- point agenda, “Customer Delight”. For this, PEIPL has embarked on a Get Uninterrupted Power Solutions process of innovative techniques and solutions. It designs its power products to meet future demands of the power generation industry: clean and efficient power, high performance, dependability, reliability and meeting increasingly stringent emission requirements. It offer not just products, but comprehensive, value-engineered, power generation solutions using innovative techniques and process oriented skilled workforce. visit www.paikane.com for more information. Should you need any solutions or any products that PEIPL could give you, you may write to sales@paikane.com MONDAY | DECEMBER 22, 2014
  • 9. TRYSOMETHINGNEW 09 Ingredients  2 onions, roughly chopped  30g butter, plus extra for greasing  500 g free-range beef mince  salt  Black pepper, freshly ground  2 slices brown bread, crusts trimmed  315ml buttermilk  4 free-range eggs  65ml dried apricots, finely chopped  1 apple, peeled and grated  65ml seedless raisins  2 tsp sugar  1 Tbsp mild curry powder  Bay or lemon leaves  1/4 tsp turmeric, ground upcoming Hardships often prepare ordinary people for an extraordinary destiny THOUGHT OF THE WEEK 'Adding muscle to your Business' - FICCI-CMSME workshop for MSMEs The workshop is aimed to deliver simple methods by which MSMEs can strengthen their business. These methods encompass understanding of brands and branding, the tools of marketing such as marketing strategy, business planning, digital strategy, etc. To achieve these objectives a participative methodology is used, that combines putting practical exercises into practice and using equipment and tools to strengthen the theory sessions with the help of Knowledge Partner BENEFFECT. Date: 22 Dec, 2014 Venue: FICCI, New Delhi Delhi HR Conclave - Diversity Promotes Creativity : Fundamental Legal Advice to Industry on HR Matters Organizations are operating in an extremely interconnected world today. This has increased the complexity for HR too, as it needs to cater to the needs of an increasingly diverse workforce. HR is a relatively young field, and there are significant challenges to its future. The role of human resources has been evolving for some time. The Conclave would extend an opportunity for individuals associated with the field of HRM, namely the corporate managers, faculty members and students, to learn and interact with the eminent panelists. Date: 23 December 2014 Venue: India Habitat Centre, New Delhi Seminar on empowering SMEs through addressing their financing needs The objective of this seminar is to enable SMEs to benefit from various new financing schemes of our partnering banks and financial institutions through CII Finance Facilitation Centre. The seminar will bring in all key stakeholders under one roof and provide a platform for the SMEs to interact with our partnering Banks/Financial Institutions. Date: 23 Dec, 2014 Venue: Hotel Taj Gateway, Visakhapatnam, India. Investor Conclave The objective of the conclave is to highlight Nagpur’s latent potential as a hub of future investments. The agenda is designed to benefit both the Investor community and the local industry, with the aim to create a sustainable long term platform between investors and industry. The Honorable Chief Minister of Maharashtra Mr Devendra Fadnavis would give the inaugural address; senior officials from Government, Industry and leading thought leaders will also address the conclave during various sessions. Date: 28 Dec, 2014 Venue: Chitnavis Centre, Nagpur, India. Prepration Method 1. Preheat the oven to 180°C. 2. Gently cook the onion in the heated butter until meltingly soft and golden. 3. Add the beef mince and pan fry for 5 minutes with the onion. 4. Season to taste. 5. Tear the bread into bits and mash it with 65ml of buttermilk and 1 beaten egg. 6. Mix the apricots, apple, raisins, sugar, curry powder and bay leaves and then mix it with the mince and bread. 7. Turn into a buttered baking dish (one large dish or individual dishes). 8. Beat the remaining 2 eggs with the rest of the buttermilk and the turmeric, and pour over the spiced meat mixture. 9. Bake for 20 minutes or until the topping is set and golden.South Africa's indigenous cuisine BOBOTIE Health benefits of MEDITATION Think Nail it… There are about 280,000 windmills on farms across South Africa, second in number only to Australia south africa The Vice President, Shri Mohd. Hamid Ansari being presented a book titled “Life of Muhammad” authored by the President of the Tunisian Academy of Sciences, Mr. Hichem Djait, by the Ambassador of Tunisia to India, Mr. Tarek Azouz, in New Delhi on December 15, 2014.  picture of the week • It lowers oxygen consumption. • It decreases respiratory rate. • It increases blood flow and slows the heart rate. • Increases exercise tolerance in heart patients. • Leads to a deeper level of relaxation. • Good for people with high blood pressure as it brings the B.P. to normal. • Reduces anxiety attacks by lowering the levels of blood lactate. • Decreases muscle tension (any pain due to tension) and headaches. • Builds self-confidence. • It increases serotonin production which influences mood and behaviour. Low levels of serotonin are associated with depression, obesity, insomnia and headaches. • Helps in chronic diseases like allergies, arthritis etc. • Reduces Pre- menstrual Syndrome. • Helps in post-operative healing. • Enhances the immune system. Research has revealed that meditation increases activity of 'natural-killer cells', which kill bacteria and cancer cells. • Also reduces activity of viruses and emotional distress. 1. A man is standing in front of a painting of a man, and he tells us the following: Brothers and sisters have I none, but this man's father is my father's son. Who is on the painting? 2. It is dark in my bedroom and I want to get two socks of the same color from my drawer, which contains 24 red and 24 blue socks. How many socks do I have to take from the drawer to get at least two socks of the same color? 3. A hunter leaves his cabin early in the morning and walks one mile due south. Here he sees a bear and starts chasing it for one mile due east before he is able to shoot the bear. After shooting the bear, he drags it one mile due north back to his cabin where he started that morning. What color is the bear? 4. A certain street contains 100 buildings. They are numbered from 1 to 100. How many times does the digit 9 occur in these numbers? 5. Consider two cans, the first containing one liter of milk and the second containing one liter of water. Suppose you take one cup of milk out of the first can and pour it into the second can. After mixing, you take one cup of the mixture from the second can and pour it back into the first can. Which of the following statements holds now? Answers: 1) His son, 2) 3, 3) White, 4) 20, 5) There is as much water in the first can as there is milk in the second can. mONDAY | DECEMBER 22, 2014
  • 10. THEFASHIONISTAS10 I t was all laughter and fun as the Comedy Knights treated comedy lovers to an overdose of their rib cracking jokes at Kigali Serena Hotel in a show dubbed, “Comedy Jam Holiday Special.” The show started with an energetic dance performance by the Kimisagara-based dance crew Snippers, who curtain raised for the first comedian on stage Big Brother Hotshot Arthur Nkusi, aka Rutula kalokalo. Arthur’s jokes were largely about his time in the Big Brother Africa House. Later, his colleagues Babou and Micheal Sengazi, and the founder of Crackers comedy Alex Muhangi and Kigingi, from Burundi, took to the floor and made a laughter stampede. Speaking to The New Times, Jerome Uwonkunda, the manager of Comedy Knights, said, “The reason we organised this show is because we wanted to give a C elebrity Kingking PY Addo Boateng, has won the maiden edition of the Frytol Oil Celebrity Cook- off which was held on Saturday at the Yiri Lodge, University of Ghana campus. The Frytol Xmas Celebrity cook-off saw Ghana’s favourite actress Jasmine Baroudi and a man who is no stranger to our screens PY Addo Boateng go head to head with chefs from African Sun Amber Hotel, Accra. PY beat Jasmine by margin of public votes and tasting of food by Chefs from African Sun Amber Hotel, Accra. PY won the day with the Recipe, Beef Filet with Sauteed Potatoes and Vegetables. Event host Naa Ashorkor was with both teams and learned how they made their dishes and learning about our celebrities pet hates, passions and digging into their personal lives. In an interview with newsmen, Fatima Ali Mohammed, MD for Wilmar International, producers of Frytol, said the company is seeking to create awareness about the Frytol brand in a more unique and fun manner. The Frytol brand is most loved in Ghana and we are using celebrities to create awareness by engaging them in fun food cooking activities, she said. She also revealed that the event is going to be an annual affair with change in venues from year to year. Frytol Xmas Cook-off is a fun food competition seeking to create awareness about the Frytol brand and exploring all the different dishes that can be made with Frytol product. This event was organized by Sixth Sense Manifesto. Modern Ghana Two of the best out of Africa, have been announced by the International Committee of All Africa Music, AFRIMA, to host the 2014 edition of the AFRIMA awards. They are Democratic Republic of Congo “French speaking hottest” female broadcaster and music presenter, Madinga Sona Maria and Nigerian legendary contemporary music star, 2Face Idibia. The two are the co-host of AFRIMA award ceremony holding in Lagos Nigeria on Saturday, December 27, 2014 at the prestigious grand ballroom of Oriental Hotel, Victoria Island, Lagos. Speaking about the collaboration between the two popular hosts, Executive Producer, AFRIMA, Mr Mike Dada, said, “The award ceremony is going to be explosive with 2Face and Madinga Sona Maria, two accomplished creative Africans, holding sway and guiding our distinguished guests and nominees through the programme. We promise to bring toAfricaelectrifyingperformances from our nominees and invited guest performers. Then add this to the famous faces and glamour of the African icons on the first- of- its-kind red carpet activity…It is going to be a spectacular show!” Mandinga Sona Maria is a beauty to behold with a towering height of 1.78m. Mandiga who looks every inch a model is the hottest female broadcaster in Kinshasa Democratic Republic of Congo. Her musical show, Cite de Comedy Knights cracks ribs at Serena special time to our fans. We will be doing a big show every three months and will be bringing in renowned comedians from South Africa or Nigeria.” “We want to thank our partners KFM and Serena Hotel who made it possible for us to stage this show; the next show will be at Christian Life Assembly 2Face, Madinga to host 2014 All Africa Music Award Star is the biggest music show in Democratic Republic of Congo. A combination of beauty and brain, Mandinga presents her musical show on Digital Congo Television and Radio. She is also a performer. A truly home grown music star, 2Face Idibia is one of the most decorated and successful Afro pop artist in Africa. He is one of the most bankable artists in the continent. 2Face has received so many awards among which are MTV Europe Music Award, World Music Award, Headies Awards (Hip-hop award), Channel OMusic Video Awards, and BET award for his musical works, MTV Africa Music Awards, MOBO award, KORA award, and numerous additional nominations. 2Baba, the stage name 2Face recently adopted, started his musical career with the Plantashun Boyz and together the group recorded two successful albums, Body and Soul and Sold Out. He went solo in 2004 and came out with his first solo album titled Face to Face. His latest album was released this year titled The Ascension and it features other artistes across the continent. On hosting 2014 AFRIMA 2Face expressed his excitement when he said, “I am happy to be part of this history making event. I am delighted to host Africa, Africa is the future. I welcome Africa and the world to AFRIMA here in the beautiful city of Lagos, Nigeria. Let’s celebrate Africa together! ” With 2Face and Mandiga anchoring the event, combined with the grandeur of the Grand Ballroom of Oriental Hotel with an African ambience, truly AFRIMA is set to host Africa and the world. In partnership with the African Union Commission, the 2014 All Africa Music Awards will be a festival style open concert of non-stop music, fanfare and fashion exhibition from countries across Africa and performances by African artistes. AFRIMA is proudly supported by ONE, Africa 2.0, Nigeria’s Federal Ministry of Industry, Trade and Investment, Nigeria’s Federal Ministry of Culture, Tourism and National Orientation, and PRMAFRICA. It is being sponsored by Kenya Airways, Procter and Gamble, Peugeot, Diamond Bank, Uber among others. AFRIMA is aimed at communicating the strength of Africa to the rest of the world for global competitiveness. AFRIMA for hope, for celebration! Modern Ghana Wins Maiden Frytol Celebrity Cook-Off Celebrity Kingkong PY Church in Nyarutarama, on December 26.” Walter Kagaba, a fan, said: “I was very impressed by the performances, initially I thought it was just another performance but it turned out to be pretty amazing. I’m looking forward to attending their next show.” New Times MONDAY | DECEMBER 22, 2014
  • 11. SPORTS2WATCH 11 T he Ghana FA have been instructed to revise its budget for the 2015 Africa Cup of Nations due to contrasting views over the Black Stars' pre- tournament camping base. Reports are rife new Black Stars coach Avram Grant prefers to have the team camped in Spain ahead of the tournament. The GFA have however earmarked locations in the UAE or South Africa to hold the team's pre-tournament camp. A budget was sent to the Sports Ministry for consideration based on 'past experience' with respect to the camping site for the Black Stars. But Sports Minister Mahama Ayariga has asked the GFA to revise its budget to accommodate the camping preference of the coach. “The GFA brought a budget based on past experience,” Ayariga said. “[The camping site] appears to be different from what the coach wants so I asked the GFA to go back and revise the budget. “The amount [of revised Juventus and Andrea Pirlo were the big winners in the Gran Gala del Calcio, but Napoli boycotted the ceremony. The votes for the best players of 2014 were provided by the AIC - the Italian Players' Association. Scudetto winners Juve were voted Team of the Year, while Gigi Buffon, Kwadwo Asamoah, Andrea Barzagli, Paul Pogba, Pirlo, Arturo Vidal and Carlos Tevez joined the Best XI. Pirlo was singled out as Sports Minister instructs Ghana FA to revise 2015 AFCON budget over contrasting camping base Nations Cup 2015: Equatorial Guinea preparations underway Italy's best: Asamoah voted into Serie A team of the year budget] could be higher based on traveling changes due to the changes in the camping base.” The Ghana FA's decision to camp in the UAE is believed to be influence by the high probability of securing friendly matches with African teams with most of them also looking to camp around the same location. A similar situation prevailed ahead of the 2013 Africa Cup of Nations where most African teams camped in the UAE ahead of the competition in South Africa. The Black Stars secured friendlies against North African giants Egypt and Tunisia ahead of the tournament. Favourable weather conditions and superior training facilities in the Gulf state also enforces the GFA's preference but Avram Grant appears to have a contrasting view. Ghana must prepare adequately to face the strong challenge of Group C where they will be battling Senegal, South Africa and Algeria when the competition kicks off in Equatorial Guinea in January. Modern Ghana CAF took the finals away from Morocco, who had demanded a delay due to their fears over Ebola. The stadiums in Malabo and Bata were both used as venues when Equatorial Guinea co-hosted the 2012 Nations Cup with Gabon. However work needs to be done on the grounds in both Ebebeyin and Mongomo. “The turf for Mongomo and Ebebeyin stadiums is going to be brought by plane from Europe,” one of the supervisors told the BBC. Work also needs to be done on the stadium structure and other facilities, but all those involved in the preparations are confident the work will be completed in time. “Time is a big challenge but the good thing is that it's not new for us to work against time,” said Francisca Obiang Jimenez, the president of the Office of National Projects, who was there supervising the works. The new highway built to connect Bata and Mongomo. “We have built almost an entire city, Sipopo, in about two years and we've also built a highway. The new highway means you can travel from Bata, on the coast, to Mongomo, located near the eastern border with Gabon, in around two hours. While the stadiums look set to be ready in time, having enough accommodation could be a challenge for the organisers in both Mongomo and Ebebeyin. Some of the social housing buildings that could be used for accommodation during the Nations Cup Ebebeyin has only one large hotel of international standards. The government and organisers are also taking measures against the possibility of the deadly Ebola virus getting into the country. Fans being screened for Ebola at the Bata Stadium. All passengers arriving at Malabo airport from abroad are having their temperature checked. There was also an Ebola screening exercise at Bata stadium, before a match of the CEMAC (Economic Community of Central African States) Cup, which is currently being staged in Equatorial Guinea. “During the Cup of Nations, there will be other controls and this kind of protection will be happening further away from the stadium,” a local fan, Juan Esono, told us. A Cameroonian working at the Mongomo stadium told BBC Sport: “I've been checked many times for Ebola when crossing the border near Ebebeyin. So I don't think there will be a problem with the virus here.” Modern Ghana Player of the Year thanks to his performances for the Bianconeri. Gonzalo Higuain was voted best centre-forward, but Napoli President Aurelio De Laurentiis refused to let his players attend the ceremony. Ciro Immobile won the award as best right-sided striker and Capocannoniere due to his time at Torino, though he joined Borussia Dortmund over the summer. Matteo Darmian of Torino was best right-back, while ex-Roma defender Mehdi Benatia beat Giorgio Chiellini and Davide Astori to the best centre-back trophy. Antonio Conte received the award as Coach of the Year ahead of Rudi Garcia at Roma and Fiorentina's Vincenzo Montella. AIC Best XI: Buffon; Darmian, Barzagli, Benatia, Asamoah; Pogba, Pirlo, Vidal; Immobile, Higuain, Tevez. Modern Ghana mONDAY | DECEMBER 22, 2014
  • 12. ENCOUNTER WITH EDITOR12 Owner / Publisher / Editor: Mr. Kirit Sobti from 3rd Floor, Plot No. 3, Block PSP-IV, Service Centre Opp. Sector-11 (Extn.), Rohini, Delhi-85 Printed at LIPEE SCAN PVT. LTD. 89 DSIDC SHED Okhala Phase 1, New Delhi What do you think African countries should do to give their population the technology they want such as the broadband services? The priority should be to invest in the foundations and infrastructure from which people can access services that enhance and add value to their lives – TV has proved itself over the last 50+ years as a medium where users can access information, education and entertainment from a single platform. Digitization is essential to enable operators to transit their users in engaging more and scalable TV services – from enhancing traditional linear broadcasts, to push-VoD and catch-up TV. Increasingly users today use the internet to access the services they want being their location, and how they want too; Africa’s unique geography and demographics mean that whilst fixed infrastructure can be deployed in the main cities, wireless broadband (3G and now 4G LTE) is fast becoming the most viable technology for bringing the internet to rural populations. Infrastructure needs investment and regulation to ensure open and fair accessibility for all users – this will need private companies and public bodies to co-operate and build the technology eco-system that enables all Africans to benefit. What are the key features of DStv's Explora decoder and what are the local manufacturer companies getting involved in this partnership to produce them locally? Although Explora has been designed with Internet connectivity keeping in mind a major feature of the Explora that is its ability to provide subscribers with the same experience as they would get in a market where broadband is readily available and affordable but without the need to use the internet. This is achieved through expanding the amount of video on demand content stored, with content delivered over satellite stored on Explora via a dedicated tuner. What have been the challenges they were facing so far when considering local reality in terms of capacity? There have been a number of challenges in establishing full manufacturing capability for Pace products, these have been from establishing supply chain, to instilling world-class manufacturing processes and procedures throughout maintaining product quality standards Pace and our customers expect. This has very much been a phased approach with our operations team working with our local manufacturing partner from day 1 – establishing production work flows, quality processes, moving from assembly to full surface mount technology manufacturing, ramping capacity step by step, to the point where we now have a fully operational capability to produce STBs for the South Africa and wider African market from our East London facility. Whilst some of the core electronic components (silicon for example) still need to imported, Pace are committed to sourcing as much material as possible locally, not only supporting the local economy but helping to reduce lead-time and a value add supply chain for our customers. We have engaged with local companies for the supply of plastics, printing, and packaging and continue to review suppliers against bill of materials. How will some African countries and population benefit from these technologies since they are produced locally? Pace are 100% committed to Africa. That commitment comes with responsibility and accountability that we do the right thing when it comes to ensuring local people not only benefit from our products and services, but also have a chance to become part of growing that success across the continent. Our manufacturing facility in East London not only creates employment within the region, but also gives people the opportunity to become skilled in the manufacture of high volume consumer electronics, skills that give them future mobility across the industry and also educate and up skill their colleagues. In a many parts across the Sub- Saharan African region, rural markets are not attractive for products such as these PACE digital TV technology which are instead focusing on urban areas? What do you think are the main barriers for this mind set change? Pace is a global player across a wide variety of international markets from advanced to emerging, specifically Pace is investing in a number of products that will help Africa with digitalisation in bring entry-level TV and broadband services to rural areas. Rapidly evolving markets such as Brazil, APAC, Russia/ CEE and Africa are where we have an opportunity to get people onto the first rung of the digital ladder – whether TV or Internet – by helping them with their first step, maybe, people will stay loyal for the second and third steps. The lack of both financial and human resource skills emerged a need to enable the transition from the old analogue television broadcasting system to a modern digital system by 2015 as instructed by the International Telecommunication Union (ITU), is said to advance at slow pace in many countries across Africa. Although the television has proved itself over the last 50 years as the sole medium where users can gain information, education and entertainment from a single platform, there is still a challenge to engage subscribers with this technology, Darren Granger, the Regional Sales Director at Africa at PACE, one of the a leading technology solutions provider to the PayTV and broadband service industries told Indo Africa Times in an exclusive interview. Enhancing Business in Africa Darren Granger Regional Sales Director, Africa at Pace MONDAY | DECEMBER 22, 2014