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Deputy Finance Minister Holds Talks With AfDB’s President

first_imgDeputy Finance Minister for Economic Management and Alternate Governor at the African Development Bank, Augustus J. Flomo, in handshake with Deputy Finance Minister for Economic Management and Alternate Governor at the African Development Bank, Augustus J. Flomo on Monday, February 25, held a consultative meetings with the institution’s President, Akinwumi Adesina and senior management in Abidjan, where they took stock of the Bank’s accelerated engagement in the region.Minister Flomo said the meeting with the bank’s president was intended to look at a project that the bank could sponsor to enhance Liberia’s economic development efforts in line with the country’s Pro-poor Agenda for Prosperity and Development.Among the possible areas of projects support, Minister Flomo discussed with the Bank’s President included infrastructure projects like roads and electricity, youth employment and support to TVET program that focuses on providing skills development for the country’s youth, as well as support to MSMEs to serve as a catalyst for private sector-led growth.Moreover, the discussions looked at the Bank’s support to commercial rice farming tied to the Staple Crop Processing Zone – linked to the Special Economic Zone.“Infrastructure is very critical. We hope the bank will continue to support and add value to our one government data platform,” Minister Flomo said.The 370 transformative Bank projects valued at US$11.3 billion between 2010-2017 in the region, are changing lives and making a different, the governors noted.These are the second annual consultative meetings, aimed at sharing views with the governors, after the first meetings in the history of the Bank were initiated by President Adesina in 2018.“Our ultimate goal is to ensure that the Governors are much closer to the Bank, and that you are integrally involved in the wider vision and direction, particularly as it pertains to the challenges and needs of your respective regions,” Adesina said in his opening remarks.“Today, I am filled with hope. Hope because Africa is changing. Hope because across the continent, despite challenges, you can see a rising determination to turn things around,” he further noted.“But the needs in Africa are high and we still have a long way to go,” Adesina said, before recalling the Bank’s Board of Directors’ authorization to engage in discussions with its shareholders for a General Capital Increase. “Let’s think how much development we want to have in Africa and how much we are willing to pay for it… Not be too focused on how much it would cost. Let’s think how much development we want to have in Africa and how much we are willing to pay for it. It is not so much what we can afford: it is what Africa deserves. Under-development is more expensive,” he said.During the consultations, the Minister urged for greater focus on women to close the gender gap, address climate change, and increase attention to development in fragile states.Calling the Bank, the economic arm of the African Union, the governors also highlighted the need for it to be involved in global issues in order to influence and help shape the conversations around foreign investments.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

City of San Diego approves ban on styrofoam containers

first_imgCity of San Diego approves ban on styrofoam containers 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI) – The City of San Diego on Monday took final action on a proposal to ban Styrofoam food and beverage containers. By a vote of 5-3, the council members passed a ordinance which would outlaw polystyrene containers, also known as Styrofoam. The law would also limit single use plastics such as straws and utensils, which would be available only by request. Supporters of the proposal said it would help to protect the environment, but opponents claimed it would hurt the economic health of small businesses. At Salud, a restaurant in Barrio Logan, manager Ernie Salgado explained the restaurant has been using recycled paper containers for takeout food since Salud opened three years ago. Salgado said the paper containers cost only a few cents more than the Styrofoam and his customers seen to appreciate the restaurant’s efforts to protect the environment.Council member Chris Ward who introduced the proposal in May said Styrofoam is destructive to the oceans and to marine life because it doesn’t degrade. Ward and council member Barbara Bry cited scientific studies that showed tiny plastic particles are showing up in the fish we eat.“We know that one-quarter of the fish that come out of the Pacific Ocean for human consumption test positive for plastic,” Ward.said.He added that the cost differential between Styrofoam and more eco-friendly replacement products range from 1 to 7 cents.The measure was opposed by the California Restaurant Association. Chris Duggan with the CRA offered a different cost analysis and said forcing small businesses to use alternatives to polystyrene would result in significant increases in their container costs.“They would range from 54% all the way to 145%,” Duggan said.Melford Wilson, who runs a restaurant in Valencia Park said a ban on Styrofoam might force him to close.“Yeah, if I had to switch, that definitely would take me out of business. I can’t afford to pay 66% on just buying the stuff to put my product out,” Wilson said.After hearing from both sides, the city council voted to approve the ban, with a 12 month grace period for small businesses to comply. The ordinance also includes a waiver that would permit business to be exempted if they can prove the mandate would cause economic hardship. San Diego is the fourth city in the county to adopt a ban on Styrofoam food and drink containers and follows 119 other cities and town in California that outlaw containers made of Styrofoam.RELATED: San Diego City Council votes 5-3 to pass Polystyrene foam ban Sasha Foo, Categories: Local San Diego News, Politics FacebookTwitter Posted: October 15, 2018center_img Sasha Foo Updated: 8:39 PM October 15, 2018last_img read more

2010 Magazine Ad Pages Down Less Than 1 Percent On Strong Second

first_imgWhile ad pages across 12 market categories tracked by Publishers Information Bureau were down less than a percent for full year 2010, they posted a 3.5 percent gain in the fourth quarter of the year (ad pages also grew in three out of four quarters in 2010).Six out of the 12 categories tracked posted gains. Magazine publishers may have been the second biggest beneficiaries from the automotive industry bailout, with ad pages in automotive magazines jumping 16.9 percent. General Motors Corp. led all automotive advertising in magazines, spending $385.4 million in 2010, up 56 percent from 2009, according to PIB. Toiletries and Cosmetics had the second biggest gain in pages, up 11.6 percent, followed by Financial, Insurance and Real Estate with a 9.3 percent gain. Direct Response Companies posted the biggest loss, down 9.3 percent in pages. Meanwhile, the magazine industry posted a 3.1 percent gain in ad spending for the year (PIB typically calculates revenue using full rate card and not accounting for discounts). Ad Page Performance for 12 Market Categories, 2010 versus 2009Toiletries and Cosmetics: +11.6%Food & Food Products: -3.5%Drugs & Remedies: -2.5 percentApparel & Accessories: 0%Retail: +1.5%Media & Advertising: -3.0%Automotive: +16.9%Home Furnishings & Supplies: +0.7%Direct Response Companies: -9.3%Financial, Insurance and Real Estate: +9.3%Technology: +2.4%Public Transportation, Hotels & Resorts: -9.5%Source: Publishers Information Bureaulast_img read more

Quader yet to know if BCL men attack quota protesters

first_imgObaidul Quader file photoBangladesh Awami League general secretary and road transport and bridges minister Obaidul Quader on Sunday claimed that he was not aware of whether any genuine Bangladesh Chhatra League activists attacked the demonstrators who demand quota reform.“I have to make sure if others are taking part in such attacks in the name of Chhatra League,” he told a press conference at the Awami League’s Dhanmondi office.The minister pointed out that the police commissioner had not mentioned of any BCL man’s involvement in the attacks on the quota reform demonstrators.“The committee for reviewing quota system in public services is now working. Protesters have to keep patience and rely on prime minister Sheikh Hasina’s assurance,” he added.Quader himself once talked to the protesters before the prime minister announced in parliament in April that there would be no quota.However, as the protesters demanded gazzette notification confirming abolishing or massive reforms in quota system, they once again took to the streets in recent times. The protesters and the teachers who sympathise with them, faced reported attacks by BCL men in recent days.At the press conference, the AL general secretary was asked if the Bangladesh Nationalist Party (BNP) would join the next general elections. He said it was not the right time to comment on anything before October.“The elections cannot be stopped for any party or their leader. The BNP has isolated itself by its activities,” Quader elaborated.last_img read more

AL govt wont meddle in elections Tofail assures opposition

first_imgFile Photo of Tofail AhmedCommerce minister Tofail Ahmed said on Tuesday the Awami League government will not interfere in the upcoming national parliamentary elections.”So we hope all parties including BNP will join the next election,” UNB quoted the senior AL leader as saying.He made the remarks at a discussion commemorating Bangabandhu Sheikh Mujibur Rahman held at Aparajeyo Bangla premises of Dhaka University (DU).DU unit of the AL-backed Bangladesh Chhatra League (BCL) organised the programme to observe the 43th national mourning day.Tofail, however, cautioned that the government will take strict action if anyone resorts to destabilise the country in the name of hartal and blockade centring the upcoming election.”We hope all parties will join the upcoming election. But the BNP’s existence will be at a stake if it does not join the next general election,” said Tofail, also a leader of ruling Awami League.The commerce minister said, “The election will be held on time as per the constitution. The election commission will conduct the election with efficiency, honesty and devotion under this ruling party.”Presided over by BCL DU unit president Sanjit Chandra Das, Dhaka University Teachers’ Association (DUTA) president professor ASM Maksud Kamal, BCL central president Md Rezanul Huq Chowdhury Shovon, general secretary Golam Robani and BCL DU unit general secretary Saddam Hossain, among others, spoke there.last_img read more