African Press International (API)

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Posts Tagged ‘Brazil’

ECOWAS SALUTES REGION’S NATIONAL TEAMS

Posted by African Press International on November 21, 2013

ABUJA, Nigeria, November 21, 2013/African Press Organization (APO)/ – The President of the ECOWAS Commission His Excellency Kadre Desire Ouedraogo has congratulated “Teams ECOWAS” – Nigeria, Ghana and Cote d’Ivoire – for winning three of Africa’s five slots for the 2014 FIFA World Cup Final in Brazil.

In a goodwill message to the three countries, the President said it is gratifying to note that ECOWAS national teams consolidated their sterling exploits at the Africa Nations Cup tournament earlier this year in South Africa, where they dominated the 16-nation competition with Nigeria emerging the continental Champions.

With their impressive performances in the just-concluded World Cup Africa qualification series, Teams ECOWAS have confirmed the region’s reputation as the soccer powerful of Africa.

The President assured them that the entire Community and its more than 350 million people are solidly behind them as they fly the region’s and Africa’s flags in Brazil 2014.

President Ouedraogo also wished Cameroon and Algeria, Africa’s two other World Cup qualifiers good luck and enjoined all the continent’s representatives to surpass Africa’s quarter-final record in the global football tournament.

Through hard work, discipline and dedication, he said they can bring the coveted trophy to the African soil for the first time in the World Cup history.

 

SOURCE

Economic Community Of West African States (ECOWAS)

 

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Norway first in the world to audit developing country debt

Posted by African Press International on August 18, 2013

A new report of developing countries’ debt owed to Norway, was presented in Oslo yesterday. “Norway is the first country in the world to have carried out an independent audit of debt agreements. We are doing this to make sure that we are living up to our responsibility as a lender to developing countries,” said Minister of International Development Heikki Eidsvoll Holmås.

Unmanageable debt burdens are one of the fundamental causes of poverty in developing countries. While the international community gives USD 141 billion in aid to developing countries annually, the developing countries pay back USD 464 billion each year to their creditors. Many of the debt agreements were entered into when economic, political and social conditions were uncertain.

“Although the solvency of many countries, such as Brazil, is improving, the debt burden is hampering development in some poor countries. These countries are having difficulty servicing old debt agreements made on unfavourable terms. We now want to address this,” said Mr Holmås, who referred to the first creditor-initiated debt audit as a milestone in Norwegian and international debt policy.

The audit report has been carried out by Deloitte under commission from the Ministry of Foreign Affairs. It covers 34 debt agreements with seven countries: Egypt, Indonesia, Myanmar, Pakistan, Somalia, Sudan and Zimbabwe. Most of the agreements are between 20 and 30 years old. The debts have a total value of almost NOK 1 billion, and when interest on overdue payments is added to this, the total amount is almost four times as much. The report shows that the agreements were largely concluded in accordance with the previous rules and regulations, and partially in accordance with the current rules and the UNCTAD principles. However, it also identifies weaknesses in some of the agreements, which the Government will examine more closely.

“We are once again demonstrating that we are leading the way when it comes to international debt policy, which was a goal for the current coalition Government. We have cancelled almost NOK 7 billion in debts owed to Norway by developing countries over the last eight years, and this has helped the countries to release national resources for poverty reduction. I am pleased that Norway is setting new standards for using the UNCTAD Principles on Promoting Responsible Sovereign Lending and Borrowing, and I urge other countries to follow suit,” said Mr Holmås.

 

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Kenya to Venture in Sports Tourism

Posted by African Press International on May 25, 2013

  • By Thomas Ochieng API Kenya 21/5/2013

Kenya is in pursuit of harnessing sport tourism and the honor of underscoring this initiative has been bestowed on the Sotokoto Safari Marathon. The 21-Half Marathon the brainchild of the Olympic Medalist Douglas Wakiihuri in conjunction with the Japan-based media and environmental company, Sotokoto,hence the name Sotokoto Marathon, is set to herald a new beginning in Kenyan sporting calendar.

The Sotokoto Half Marathon is a Kenya-based organization founded in 2009 to develop African athletics talent through the biggest and richest 21k half marathon in Kenya. It has consistently held this race attracting 5,000 runners. Over 200 foreign sports tourists travel to Kenya annually for the last four years to run in the Sotokoto Safari Marathon and extend their stay to visit other interesting sports locations including facilities and training camps in other parts of the country.

The importance of this race was manifested in the newly appointed Kenya’s Sport Secretary Dr.Hassan Wario gracing the launch of this year’s Marathon in Nairobi. The Sports Secretary gave the organizers of the Marathon of total Government’s support towards the Race. “The new constitution and indeed the new administration sees sports not only as a game but an income generating activity which has to be fully supported by the relevant state organs” Said Dr.Wario adding that the newly enacted sports Act will be adhered to the latter to make sure sports such as the marathons are properly managed by the real stake holders leaving no room for short-circuiting the sportsmen and women in Kenya. His sentiments were as a direct request from the Permanent secretary of sports Mr.James Waweru who called upon the newly appointed sports Secretary to be firm and stand by the sportsmen and women in the country.

This Year’s race which will be held in July 7 2013 at the Landmark Uhuru Gardens will see a record 100 Japanese national compete in the Sotokoto Safari Half Marathon. They will be joined by nationals from Britain, Brazil and, Russia, Poland, Bahamas and China. London (Britain) and Rio (Brazil) are back to back hosts of the Olympic Games while Russia, Poland, Bahamas and China will host the world championships on the track and cross country in the next two years

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