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Hambantota Port breaks ground for ‘Hope Village’ in Kandagasmankada

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Hope Village

Hambantota, 27th May 2022…The Hambantota International Port Group (HIPG) marked the symbolic beginning of their flagship community development project, ‘Hope Village.’ This venture which has a budget of over Rs. 60 million, will in its initial stage include a community centre, health centre, agriculture centre, playground facilities as well as financial assistance to the village temple in Kandagasmankada, a village in the Lunugamwehera Division of the Hambantota District.

Ambassador for China to Sri Lanka Qi Zhenhong, was the Chief Guest at the foundation laying ceremony held at the project site. The Management team of HIPG attended the event together with the representatives of Colombo International Container Terminal (CICT) and the Nirmala Foundation.  Galapitagala Premarathana Thero, Chief Incumbent of the Kandagasmankada Rajamaha Viharaya; Chinese Ambassador Qi Zhenhong; Jack Huang, CEO CICT; Representatives from Divisional and District Secretariats; C. Wickramaratne, OIC Lunugamwehera Police Station, Johnson Liu, CEO HIPG; Tissa Wickramasinghe, COO HIPG; Raymond Mu, CFO HIPG; Ravi Jayawickreme, CEO HIPS; Senior staff of HIPG and villagers participated in breaking ground to lay the foundation for the project.

Speaking at the ceremony, Ambassador Qi Zhenhong said, “The friendship between China and Sri Lanka dates back over twenty centuries. It is deeply rooted in the hearts of the two nations no matter how the domestic and international situation changes. China and Sri Lanka have been helping each other during difficult times and China will continue to do so in the future. In addition, China wishes to assist Sri Lanka in poverty alleviation. The Hope Village initiative towards uplifting the wellbeing of villagers will be successful with a mutually beneficial partnership”.

The ambassador presented the IT Lab of the village community centre, which will be named ‘China Sri Lanka Friendship IT Education Centre,’ with preliminary IT equipment, which was a highlight of the event. He also distributed toys amongst the village kids. In addition to the Hope Village sponsorship, the HIPG and CICT teams made a cash donation to the village temple.

The ‘Hope Village’ concept, a development model village that will benefit marginalised communities, is a collaboration between China Merchant Foundation (CMF) the CSR arm of HIPG’s and CICT’s global partner, China Merchant Group, and the Nirmala Foundation, a non profit organisation working for positive change.  CMF is the sponsor of the project which will be owned by the Nirmala Foundation, and monitored by the Divisional Secretariat of Lunugamwehera. HIPG and CICT teams are the facilitators of the project.

Johnson Liu, CEO of HIPG said, “I always believe it is our duty to look into our immediate neighbourhood at both micro and macro levels to see how we could be of service. Our aim is to develop the ‘Hope Village’ concept into a desirable residential level with fully-fledged facilities and help villagers develop their livelihoods under a cooperative model. The purpose is to uplift the rural community and improve living conditions of people in the area. While being mission driven to become a customer-centric seaport and a platform for business excellence, we at HIP, are pleased to connect our business success with our local community. This is the foundation of our Green Development concept, and I truly believe the Hope Village project will be a positive contribution to the local community.”

The CEO outlined the objectives of the project to the Ambassador and delegates and the ways in which the ‘Hope Village’ would benefit approximately 2,170 residents of Kandagasmankada.  He said, amongst the many reasons HIPG selected the village for their pilot model was it being the highest populated in the Hambantota district, and the largest contributor to the agricultural sector within the Lunugamwehera division. 

The ambassador and entourage were then invited to visit a village home where they spent some time getting to know the residents. The ceremony ended with the residents of Kandagasmankada treating the invited guests to a display of their agricultural produce and homemade refreshments.

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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