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Japan Contributes US$1.5M to help Sri Lanka to provide food assistance to people affected by the economic crisis

The Government of Japan today announced a USD 1.5million (LKR 600 million) funding to help the Government of Sri Lanka respond to the ongoing economic crisis.

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Sri Lankan Economic Crisis

Sri Lanka has been severely impacted by a weakening economy which has resulted in shortages of essential items, including food, and a spike in food prices, hindering families’ access to affordable, healthy meals.

COLOMBO – The Government of Japan today announced a USD 1.5million (LKR 600 million) funding to help the Government of Sri Lanka respond to the ongoing economic crisis. The funds will be used by the United Nations World Food Programme (WFP) to provide food assistance to children and families in need of support.

Charge d’ Affaires ad interim of Japan to Sri Lanka Mr. KATSUKI Kotaro said, “We are pleased to announce that the Government of Japan will grant USD 1.5 million emergency assistance through WFP to provide three months’ essential food supplies, including fortified rice, dhal and oil, for approximately 15,000 urban and rural people and 380,000 school children across the island. Japan has been extending vital protein to children through the provision of canned fish made in Japan worth a total of USD 10 million as school meal programmes over the past 10 years. We hope that this humanitarian assistance will help improve food access and nutrition for the people of Sri Lanka amidst the economic crisis.”

Weakening Economy

Sri Lanka has been severely impacted by a weakening economy which has resulted in shortages of essential items, including food, and a spike in food prices, hindering families’ access to affordable, healthy meals. Even before the pandemic, malnutrition rates were high among children and women. Some 40 percent of primary-age children were too thin for their height.

WFP will use the contribution to procure rice for the national school meal programme to ensure children can continue receiving a significant portion of their daily energy and nutrition requirement through the free school meals. It will also enable WFP to distribute ration packs comprising essential commodities to vulnerable households.

“Getting the right nutrition to those who need it the most will help mitigate the long-term effects of today’s economic downturn,” says Abdur Rahim Siddiqui, WFP Representative and Country Director in Sri Lanka. “WFP is very grateful for Japan’s contribution at this critical hour. We thank Japan for its generosity and solidarity with the people of Sri Lanka. WFP will support the Sri Lankan Government with emergency food assistance based on assessments that identify the most pressing needs.”

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The Canada-Africa Chamber of Business celebrates 30 years of accelerating trade and investment in Toronto

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During the celebration Elephant Trade-Services DRC was announced as continuing headline sponsor for 2025, under the leadership of Gabriel Tshitende, the company founder and CEO

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TORONTO, Canada, May 10, 2024/APO Group/ — 

With messages from Prime Minister Justin Trudeau, Trade Minister Mary Ng and Premier Doug Ford – among others – the Canada-Africa Chamber’s (www.CanadaAfrica.ca) contribution to Canada was celebrated this week.

Over 150 members and invited guests attended the 30 Year-Anniversary on Tuesday 7 May 2024, with the keynote address by Joe Lombard, Vice Chairman of Hatch. Gabriel Tshitende, founder and CEO of Elephant Trade-Services DRC, as well as Founding Chair of the Chamber, Stephen Pincus, a Partner at Goodmans LLP, also addressed delegates. The historic ballroom of the National Club of Toronto was adorned with portraits of past distinguished speakers (https://apo-opa.co/44DWBwY) – commemorating addresses by leaders over the past three decades, who have included Heads of State, captains of industry and world-leading think tanks.

Paula Caldwell St-Onge, Chair of the Board, opened the 30th Anniversary, underscoring this year’s extensive programming – including but not limited to events in Toronto (https://apo-opa.co/4dz6K1F), Ottawa (https://apo-opa.co/4dAPxVA) and Sudbury (https://apo-opa.co/4ahkfAe) in Canada, as well as Nairobi (https://apo-opa.co/4ahkgnM), Kenya; Kolwezi (https://apo-opa.co/3JYfeC9), Democratic Republic of Congo; Harare (https://apo-opa.co/4ahkgEi), Zimbabwe and Cape Town (https://apo-opa.co/44y6Qmh), South Africa – in addition to the inaugural upcoming Canada-US Forum for African Partnerships in Washington, DC (https://apo-opa.co/3JVcHIM).

Mr. Gabriel Tshitende, founder and CEO of Elephant Trade-Services DRC, headline sponsor of the 30th Anniversary Program, delivered the official welcome – which included an invitation to attend the Elephant Trade Services’ February 2025 Investment Mission (https://apo-opa.co/4ahkhrQ) in the Democratic Republic of Congo. This follows from the success of this year’s DRC Mission undertaken with the Canada-Africa Chamber of Business, showcasing major investment opportunities.

Honourable Mary Ng, Minister of Export Promotion, International Trade and Economic Development, thanked Chamber leaders for their contribution in remarks from her Ministerial Office in Ottawa.

Thank you to all who have made the last 30 years a success, in addition to those who’ve pledged today to writing the story of our next 30 years

Awards Ceremony

In recognition of their incredible support, four leading corporate members were recipients of our Major Supporter Awards. Board Chair, Paula Caldwell St-Onge, Board Director Pierre Boivin and Vice President Ateau Zola, were pleased to present the awards:

  • Goodmans LLP – received by Stephen Pincus (Partner)
  • MineAfrica Inc – received by Wayne Floreani (President) and Bruce Shapiro (co-founder)
  • Hatch – received by Joe Lombard (Vice Chair)
  • Elephant Trade Services DRC- received by Gabriel Tshitende (Founder and CEO)

“Thank you to all who have made the last 30 years a success, in addition to those who’ve pledged today to writing the story of our next 30 years,” said Chamber President Garreth Bloor.

“I am delighted to announce that the headline sponsor of our 30-year anniversary programming writes that story with us as we step into the future: Elephant Trade-Services DRC has committed to 2025 headline sponsorship of our organization,” he added.

More information on this week’s Anniversary Event can be found here (https://apo-opa.co/3UDdjId), including links to upcoming events in North America and in African markets.

For information on joining the Canada-Africa Chamber of Business, click here (https://apo-opa.co/3Uyad85).

Distributed by APO Group on behalf of The Canada-Africa Chamber of Business.

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Jacob Flewelling to Spearhead Investment Dialogue at Angola Oil & Gas (AOG) 2024

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Africa Investment Advisor for Lusophone Africa and Pan-African Transaction at the U.S. International DFC Jacob Flewelling will participate as a speaker at AOG 2024

LUANDA, Angola, April 25, 2024/APO Group/ — 

Africa Investment Advisor for Lusophone Africa and Pan-African Transactions at the U.S. International Development Finance Corporation (DFC) Jacob Flewelling is set to engage financiers and government delegates in investment advisory and business development during this year’s Angola Oil & Gas (AOG) 2024 conference and exhibition.

In collaboration with the private sector, the DFC has invested more than $10 billion across sub-Saharan Africa. During the event – taking place October 2-3 in Luanda under the theme Driving Exploration and Development Towards Increased Production in Angola – Flewelling is expected to provide insight into the DFC’s project pipeline.

AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; national oil company Sonangol; the ANPG; the African Energy Chamber; and the Petroleum Derivatives Regulatory Institute, the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

The DFC has several impactful projects currently underway that aim to support economic growth and commerce, enhancing energy security and infrastructure while improving access to affordable healthcare, food and capital.

In December 2023, the DFC approved over $3.3 billion in investments in the first quarter of the fiscal year 2024, with a focus on Africa. Projects also include a $40 million equity investment in Africa Renewable Energy Fund II; a $5 million loan portfolio guarantee to promote sustainable agriculture in the DRC; and many more. In Angola, the DFC spearheaded the construction of the Luanda Medical Center, improving access to affordable and quality healthcare in the country’s capital.

In his role as Africa Investment Advisor, Flewelling boasts 15 years of experience in infrastructure project preparation, political risk insurance and project finance in Africa and spearheads investment advisory and business development throughout the continent. This expertise will generate new perspectives on financing Angolan oil and gas projects at the event this October.

At AOG 2024, Flewelling is expected to discuss opportunities for private sector-led renewable energy projects, energy storage and transmission in Angola. His engagement in panels, networking forums and investor summits will advance dialogue while opening up new opportunities for collaboration between U.S. and Angolan players.

For more information about AOG 2024, visit www.AngolaOilandGas.com.

Distributed by APO Group on behalf of Energy Capital & Power.

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Invest in African Energy (IAE) 2024: Africa Global Logistics (AGL) Joins as Bronze Sponsor, Highlighting Africa’s Supply Chain Transformation

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Africa Global Logistics (AGL) – a major logistics, transport and port operations player in Africa – has joined the Invest in African Energy (IAE) 2024 forum in Paris as a Bronze Sponsor

PARIS, France, April 10, 2024/APO Group/ — 

The multimodal logistics operator is shaping the future of Africa’s supply chains through several recent developments. The company launched its AGL Lobito Terminal in Angola this month, which has the capacity to handle more than one million tons of bulk goods per year and drive Angola’s transformation into a regional logistics hub. In Namibia, AGL was awarded the contract by the Namibian Ports Authority to oversee operations of the bulk terminal in the Port of Walvis Bay, ushering in a new era of trade facilitation and regional integration both for Namibia and the SADC region.

Organized by Energy Capital & Power, IAE 2024 (https://apo-opa.co/49krKXM) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 14-15, 2024 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.comTo sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

With operations in 49 countries, AGL is expanding its presence beyond Southern Africa. In January 2023, the company secured 20 acres at the Naivasha Special Economic Zone (SEZ) in Kenya to be used for cargo handling, with a view to supporting industrialization, facilitating international trade and simplifying cross-border logistics and customs procedures. The allotment reflects AGL’s efforts to increase its cargo business and make inroads in the East African market, leveraging reduced barriers to trade associated with the African Continental Free Trade Area. Last December, AGL also won the management contract for the São Tomé Port container terminal, aiming to improve the port’s efficiency by deploying comprehensive logistics solutions and integrated technologies.

Distributed by APO Group on behalf of Energy Capital & Power.

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