OPEC Fund a “kick start” to economic development – PSC

first_imgThe Private Sector Commission (PSC) has given its “thumbs up” to a multibillion-dollar fund headed its way and said that the spill-off would do well for the economy.PSC Chairman Eddie Boyer said the Commission was yet to meet with Finance Minister Winston Jordan to discuss an agreement he signed in Austria earlier this month, but has already done a review of the fund.PSC Chairman Eddie BoyerThe Finance Ministry said earlier this month that the Private Sector was set to benefit from new avenues for finance and investments with the signing of the Agreement for Encouragement and Protection of Investment with the OPEC Fund for International Development (OFID).The Finance Minister signed the Agreement in Vienna, Austria with OFID Director General Suleiman J Al-Herbish. It is the first such agreement with a multilateral partner and sets in motion a framework for the start of Private Sector operations in Guyana.According to the PSC Chairman, based on the Commission’s review, the fund could see money being pumped into the operation of small and medium-sized businesses, including the Institute of Private Enterprise Development (IPED). According to Boyer, the fund will help fast-track the economy.OFID’s Private Sector facility supports the Private Sector in developing countries through loans to micro, small and medium enterprises, as well as directly to specific projects. As a pre-condition to such Private Sector investments, OFID requires the signature of a framework agreement with the country concerned for the encouragement and protection of investment. The agreement accords OFID the same privileges as those normally granted to international development institutions.Finance Minister Winston JordanThe Finance Ministry had said that the signing of the Agreement came at a time when a number of other initiatives were being implemented by Government to help drive Private Sector growth, including the design of a fiscal regime and a fiscal sustainability framework to address the management of natural resources wealth, development of a local content policy and the development of a time-lined work-plan on what the Private Sector needs to do to prepare for oil and thereafter. Additionally, building on the wide-ranging concessions granted by the previous Government, the coalition has introduced several legislative and operational changes in support of the manufacturing industry, which include the importation of raw materials free of excise tax, waivers on duty and taxes for items that are not listed on the approved list of raw materials once applications are made to the Council for Trade and Economic Development (COTED), initiatives by the Guyana Revenue Authority (GRA) to reduce processing time, the introduction of the ‘Trusted Trader Status’ for compliant importers, including manufacturers, the implementation of one-year tax exemption letters for manufacturers, and the reduction of the corporate tax rate paid by the manufacturing sector from 30 per cent to 27.5 per cent.More recently, the Government announced the first Round Table Meeting with the Guyana Manufacturing and Services Association (GMSA) scheduled for July 28. This Round Table Meeting aims for a more structured dialogue and effective engagement with key players in the sector.OFID is the inter-governmental development finance institution established in 1976 by the Member States of the Organisation of the Petroleum Exporting Countries (OPEC) and is based on “the natural solidarity which unites OPEC countries with other developing countries in their struggle to overcome underdevelopment”.OFID has 13 member countries: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Nigeria, Libya, Kuwait, Qatar, Saudi Arabia, United Arab Emirates and Venezuela.Resources for the Fund come from voluntary contributions made by members and its various operations.Between 1976 to present, OFID has committed more than US$55 million to Guyana through its Public Sector operations. Much of this amount was provided as debt relief – some within the framework of the Enhanced Heavily Indebted Poor Countries Initiative – while more than US$29 million was earmarked for Guyana’s energy, agriculture and financial sectors.last_img read more

Preston v Fulham: match preview, team news, facts and figures

first_imgRoss McCormack scored in both matches against Preston last seasonKick-off: 3pm, Saturday 13 August 2016Referee: James Adcock (Long Eaton, Nottinghamshire)BetVictor.com preview:  Fulham look appealing value to beat PrestonVital statistic: Preston have failed to win their last six home league matches – and haven’t beaten Fulham at Deepdale since November 1997.Injuries and suspensionsFULHAMRuled out: Ryan Fredericks (ankle).PRESTON NORTH ENDRuled out: Calum Woods (knee), Stevie May (knee).Fitness test: Tom Clarke (hamstring). Possible line-upsPreston: Lindegaard; Grimshaw, Wright, Huntington, Cunningham; Humphrey, Browne, Johnson, Pringle; Beckford, Garner.Subs from: Maxwell, Hudson, Clarke, Spurr, Davies, Smith, Pearson, Welsh, Gallagher, Makienok, Doyle, Hugill, Robinson.Fulham: Button; Odoi, Kalas, Madl, Malone; Cairney, McDonald, Tunnicliffe, Ayite; Aluko; Smith.Subs from: Bettinelli, Joronen, Sessegnon, Stearman, Ream, Edun, Kavanagh, Parker, Christensen, Adeniran, De La Torre, Woodrow. Facts and figuresFORM GUIDE (last five league matches)Preston: L D W L D (5 points) • Home: D L D L D (3 points)Fulham: W W L L D (7 points) • Away: L D L W D (5 points)TOP SCORERS (league only)Preston: None.Fulham: 1: Smith.LAST FIVE MEETINGS5 Apr 2016: Preston 1 Fulham 228 Nov 2015: Fulham 1 Preston 11 Dec 2000: Preston 1 Fulham 123 Oct 2000: Fulham 0 Preston 17 May 1999: Fulham 3 Preston 0Preston 1 win, Fulham 2 wins, 2 drawsFollow West London Sport on TwitterFind us on Facebooklast_img read more

Fly the Flag for Football!

first_imgThousands of South African flags will be handed out to travellers and holidaymakers over the Easter weekend as part of “Fly the Flag for Football“, a national campaign to build public support and excitement leading up to the 2009 Fifa Confederations Cup and 2010 World Cup.The 2010 National Communication Partnership, a partnership of organisations involved in communicating about the soccer showpieces being hosted by South Africa, aims to distribute over 47-million South African flags through various campaigns by the time the World Cup kicks off in June 2010.“Our national Flag is a powerful symbol of unity and pride, and we would like to play our part by encouraging South Africans to proudly fly the flag as the eyes of the world are upon us,” Margaret Dingalo of the International Marketing Council of South Africa said in a statement on Monday.“The 2009 Fifa Confederations Cup is starting in less than 100 days, and excitement is building,” Dingalo said. “We need to help drive enthusiasm and patriotism, garnering support among South Africans for Bafana Bafana and the event as a whole.”Dingalo said the Easter long weekend had been chosen to launch the campaign as it was traditionally one of the busiest holiday periods in South Africa, with thousands of people travelling across the country.Colourful face-painted figures wearing South African flag t-shirts and makarapas, the football fan hat that is unique to South Africa, will be handing out free flags at tollgates, garages and airports across the country.Stand to win Confederations Cup tickets for yourself and three friends: visit flythesouthafricanflag on your mobile, or SMS ‘FLAG’ to 41929 (R2 per SMS).State-of-the-art digital “shoot-outs” will take place at a number of airports and garages along busy holiday routes, where members of the public will have a chance to win prizes by taking shots at a virtual goal.Zakumi, the 2010 Fifa World Cup mascot, will also be spotted around the country interacting with people and encouraging support.For South African football great Mark Fish, the campaign’s official spokesman, the Confederations Cup and World Cup are about more than football, representing “the opportunity of a lifetime, for South Africa and Africa as a whole.“Let us raise our flags in unity, joining together to make the 2009 Fifa Confederations Cup and 2010 Fifa World Cup joyful, unforgettable events,” Fish said. “Fly your flag and show the world the warmth and spirit of South Africa.”The Fly the Flag for Football! campaign will include an interactive mobile website, where members of the public can find more information and enter competitions.Members of the 2010 National Communication Partnership include the International Marketing Council of SA, South African Tourism, the 2010 Fifa World Cup Local Organising Committee, the Department of Arts and Culture, South African Airways, Proudly South African, and several other private sector and civil society groups.Related articlePress Releases: Fly the flag for footballlast_img read more

Cape cultural tours with a difference

first_img29 April 2009Motivated to give tourists the kind of experiences they themselves would like to have when travelling, Cape Insights offer special-interest guided tours of unusual quality, featuring guides and guest lecturers of the highest standard.They present a variety of special-interest tours around Cape Town, tackling areas such as architecture, craft art, history, gastronomy and archaeology.Other tours on offer include trips to the World Heritage site of Mapungubwe in Limpopo province, the world-famous Kruger National Park and the wilds of the Eastern Cape.Where Cape Insights stands out is in the quality of the lecturers who join the tours to provide information, offer insights and stimulate discussions.‘The fairest Cape of them all’Sixteenth century British mariner Sir Francis Drake famously called the area “the fairest Cape of them all”. More recently, Richard Busch, travel editor for National Geographic Traveler, described Cape Town as “one of the most beautiful and compelling places to visit on the planet.“In addition to a city with fascinating historical sites, excellent museums, vibrant markets and a handsomely restored waterfront … I encountered mountain wilderness, rugged coastlines, sandy beaches, lush gardens, beautiful wine estates, superior hotels – and some of the most welcoming people I’ve ever met,” Busch is quoted as saying on Cape Insights’ website.The tours on offer are in-depth, entertaining and educational experiences ranging in length from nine days and eight nights to 12 days and 11 nights.While each tour has a special focus, many other highlights are provided, including visits to places that make the Cape so special, including Cape Point, Table Mountain, the Western Cape wine routes, and destinations featuring the striking Cape Dutch architecture and the plant life unique to region.Gastronomy TourWines from the famed Cape Winelands play a big role in the Gastronomy Tour, with a number of wine routes being visited. Interactive cooking opportunities are also on offer.This is all mixed together with visits to important sights in and around Cape Town, Franschoek, Stellenbosch and Hermanus, resulting in a 10-day, nine-night tour that offers an in-depth insight into food, wine and life in the Cape.The Gastronomy Tour is highlighted by the inputs of lecturers Phillipa Cheifetz, John Ford and Allan Mullins. Professor Brian Huntley (see under Archaeology Tour) and Dr Terence Rapke (History Tours) also contribute to the exploration of food and wine, and who can blame them? They help explore a wonderful selection of foods that draw from Cape Malay, Afrikaner and pan-African influences.Cheifetz, the food editor for Femina Magazine and a consultant editor for Taste Magazine, has published many best-selling cookbooks, including Cape Town Food, The Monday to Sunday Cookbook, and Lazy Days, which featured in the Gourmand World Cookbook 2007 Awards.Ford is the former cellar master of the International Wine and Food Society and chairman of the Oenophiles wine club. His speciality food and wine emporium has won the Outstanding Outlet award for several years from Eat In, South Africa’s definitive food lovers’ guide.Mullins is a Cape Wine Master. He sits on numerous wine tasting panels, is a wine selection manager for a leading retailer, has co-authored two books on wine and judged numerous wine events, including the Diners Club wine list of the year.Craft Art TourIf craft art is what grabs your interest, then Dr Elbe Coetsee and Margie Garratt are the authorities who will make your tour special.Taking place over 12 days and 11 nights, Cape Insights’ Craft Art Tour uncovers the creativity and unique art of the Cape and South Africa. It includes joining artists in their surroundings, and meeting the people who create forms that are both art and craft. It’s an opportunity to take a look at the past and the present, and at the ways of life that have inspired the art of the region.Dr Elbe Coetsee, with a PhD from the University of Pretoria, published Craft Art in South Africa, a ground-breaking contribution to the field. She also established the Mogalakwena Craft Art Development Foundation and initiated a craft centre to support the economic and social upliftment of the Pedi community in the North Western province of South Africa.Margie Garratt is a professional textile artist whose name is synonymous with quilting, and whose work crosses the boundaries between art and craft. She was the driving force behind Innovative Threads, an annual exhibition providing a greater multi-cultural understanding of South African textile and fibre art.Architecture TourThe architecture of Cape Town was heavily influenced by three men: early Cape governor Simon van der Stel, famous English businessman and colonialist Cecil John Rhodes, and Sir Herbert Baker, who was the dominant force in South African architecture for two decades. Their contributions are are all explored in Cape Insights’ Architecture Tour.Highlights include a private visit to Groote Schuur, formerly the Prime Minister’s residence, which was commissioned by Rhodes and designed by Baker. There is also a behind-the-scenes tour of the Houses of Parliament.In addition, the origins and evolution of the Cape Dutch style are traced. Contemporary issues are also dealt with, including low-cost housing and urban pressures.Dr Hans Fransen and Andre van Graan help make the tour special, along with Dr Antonia Malan (see under Archaeology Tour).Fransen has been knighted in the Netherlands with the Ridder in de Orde van Oranje-Nassau for his work as an art and architecture historian. Since emigrating to South Africa in 1995, he has served as curator of the Stellenbosch and Groot Constantia museums, assistant director of the SA National Gallery, and director of the Michaelis Art Collection.Van Graan, a restoration architect who worked on both Hampton Court Palace and Windsor Castle, specialises in Edwardian and Art Deco architecture, focusing on the work of Sir Herbert Baker. He has led tours of Baker’s architecture, including a visit by the British Furniture History Society.Archaeology TourCape Insights’ Archaeology Tour explores the remarkable beauty of the Cape, and investigates the greatest diversity of five-million-year-old fossils to be found anywhere in the world.The spiritual beliefs of the San Bushman are also looked into, including their rituals and patterns of kinship, and how they survived for thousands of years before the arrival of colonisers.Areas visited include the West Coast National Park, Ramsar site Langebaan Lagoon, the Cedarberg Mountains, the Overberg and the “Whale Coast”.Among those who will interpret the earth’s secrets, providing information and entertainment, are Dr John Compton, Dr Antoineta Jerardino, Dr Antonia Malan, and Prof Brian Huntley.Compton, an associate professor in the Department of Geological Sciences at the University of Cape Town, is the author of The Rocks and Mountains of Cape Town.Jerardino, an archaeologist and heritage impact assessor for the South African Heritage Resources Agency, has been part of a team excavating open shell middens and rock shelters along the West Coast with the aim of reconstructing the ways San Bushmen hunter-gatherer groups exploited marine resources.Malan, a member of the Historical Archaeology Research Group, is actively involved in local heritage issues, is a trustee of Cape Town Heritage Trust, has chaired the Vernacular Architecture Society of South Africa (VASSA), and edits the VASSA Journal.Huntley, a former chief executive of the South African National Biodiversity Institute (SANBI) based at Kirstenbosch, spearheaded its transformation into a world-class organisation of high visibility and credibility. He founded the Southern African Botanical Diversity Network and acts as senior policy adviser to the Department of Environmental Affairs.History ToursCape Insights’ History Tours look back as far as the Stone Age and progress all the way through to the present. The tour includes visits to The Castle and The Slave Lodge. First-hand accounts of life on Robben Island are provided, while the past, from pre-history to present times, is unravelled through the stories of individuals living and working in one spot, all brought together in an 18th century wine cellar.Lecturers Dr Nigel Penn, Dr Antonia Malan and Dr Terence Rapke provide the expert information and analysis.Penn, an associate professor in the the University of Cape Town’s Department of Historical Studies, is the author of numerous books, including The Forgotten Frontier: Colonists and Khoisan on the Cape’s Northern Frontier in the 18th Century, and Robben Island: The Politics of Rock and Stone.Malan has pioneered historical archaeology, excavating a number of historical sites and devising new ways of using archival records to interpret remains, which have substantially contributed to the understanding of slavery and early European settlement at the Cape.Rapke is a classicist and ancient historian who has taught in Ghana, Australia, and South Africa, authoring numerous papers and reviews on Greek and Roman history along the way. For the past eight years he has led tours around the Western Cape, his translocated special interests being Cape history and wine.SAinfo reporter and Cape InsightsWould you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more