Tanzania : IMF Executive Board Completes First PSI Review

IMF Executive Board Completes First PSI Review for Tanzania

DAR ES SALAAM, Tanzania, January 8, 2015/African Press Organization (APO)/ — The Executive Board of the International Monetary Fund completed today the first review of Tanzania’s economic performance under the program supported by the Policy Support Instrument (PSI)1 and granted a waiver for the non-observance of the continuous assessment criterion on the non-accumulation of external arrears.

The PSI for Tanzania was approved by the Executive Board on July 16, 2014 (see Press Release No. 14/350). Tanzania’s program under the PSI supports the authorities’ medium-term objectives. These include: the maintenance of macroeconomic stability, the preservation of debt sustainability, and the promotion of more equitable growth and job creation.

Following the Board discussion, Mr. Min Zhu, Deputy Managing Director and Acting Chair, made the following statement:

“Macroeconomic developments in Tanzania remain favorable. Economic growth was strong during the first half of 2014 and is expected to remain close to 7 percent. Inflation remains in mid-single digits, consistent with the authorities’ target of 5 percent by June 2015.

“Performance under the Policy Support Instrument was satisfactory through June, but has deteriorated since and risks have risen, stemming from delays in disbursements of donor assistance and external nonconcessional borrowing, and shortfalls in domestic revenues. Against this backdrop, the authorities’ commitment to keep the program on track is welcome, and they have reaffirmed their intention to meet the budget deficit target and will review revenues and adjust expenditures accordingly in the context of the mid-year budget review. It will be critical to the business environment to address the governance issues raised by the IPTL case, which would also unlock donor assistance.

“It will be important to strengthen the coordination between fiscal and monetary policies. The conversion of monetary policy instruments to financing papers facilitated the front-loading of capital expenditures but complicated monetary policy implementation. It will be more effective and less disruptive to accommodate the planned expenditure through better planning to align spending and financing.

“The issue of domestic arrears, which continued to accumulate, needs to be addressed comprehensively and forcefully. Work to verify and eventually clear arrears to suppliers already incurred is ongoing. The authorities’ plan to prevent future arrears accumulation is appropriately ambitious and will require sustained implementation. Addressing arrears to pension funds and making government relations with them more transparent is also critical to their sustainability.”

1 The PSI is an instrument of the IMF designed for countries that do not need balance of payments financial support. The PSI helps countries design effective economic programs that, once approved by the IMF’s Executive Board, signal to donors, multilateral development banks, and markets the Fund’s endorsement of a member’s policies (see http://www.imf.org/external/np/exr/facts/psi.htm). Details on Tanzania’s PSI program are available at www.imf.org/tanzania.

Source:: IMF Executive Board Completes First PSI Review for Tanzania

Categories: AFRICA, African Press Organization, ECONOMY, Tanzania | Tags: , , ,

Call for Papers: State censorship and state sponsorship in contemporary African arts

Call for Papers: State censorship and state sponsorship in contemporary
African arts

Panel at the 6th European Conference on African Studies/ECAS 2015
Paris, 8-10 July 2015

Panel Abstract:
This panel features papers on state engagement in the field of contemporary
arts, whether to censor, critique, and prohibit, or to promote and
commission. Among the topics to be considered are state sponsorship of
heroic statuary, including the processes of selection for the commission
and the content, and public reactions to the processes and resultant art
objects; state sponsorship or engagement with art biennials or fairs, and
how these link to broader political and/or diplomatic initiatives or
relationships; and state sponsorship or censorship of specific works or
artists. The reaction of artists and of particular art works to state
censorship and/or to state sponsorship also fall within the scope of this

Panel chairs: Lisa Brittan and Gary Van Wyk

Please submit you paper proposal and abstract through the website of ECAS:

More information on how to submit your abstract:

Queries: Lisa Brittan and Gary Van Wyk, panel chairs
lisabrittan@icloud.com and vanwykgary@aol.com

Please note that conference fees, accommodation, and travel expenses are
not covered and must be secured by the participants.

Categories: AFRICA, Call for papers, CULTURE, RESEARCH | Tags:

DRC : Secretary-General’s call with H.E. Mr. Joseph Kabila

Readout of the Secretary-General’s call with H.E. Mr. Joseph Kabila, President of the Democratic Republic of the Congo

NEW YORK, January 7, 2015/African Press Organization (APO)/ — The Secretary-General spoke on the phone and reviewed the situation in the DRC with H.E. Mr. Joseph Kabila, President of the Democratic Republic of the Congo, on 7 January 2015.

The Secretary-General reiterated that the FDLR has failed to deliver on its promise to disarm and that the deadline of 2 January had expired without significant results. The Secretary-General called for decisive action against the armed group.


The Secretary-General welcomed the President’s assurance that his Government was ready to take action and noted that MONUSCO was ready to engage with the FARDC.

Source:: Readout of the Secretary-General’s call with H.E. Mr. Joseph Kabila, President of the Democratic Republic of the Congo

Categories: AFRICA, African Press Organization, Congo, Democratic Republic of, POLITICS | Tags:

The Holy See intensifies its fight against the Ebola virus

VATICAN, Holy See, January 7, 2015/African Press Organization (APO)/ — The Pontifical Council “Justice and Peace” today publishes its document “Expanding the Catholic Church’s commitment to the Ebola emergency response”, in which it describes for the first time its pastoral response to a relatively new disease which has devastated communities above all in the countries of Western Africa, especially Guinea, Sierra Leone and Liberia.

According to the document, “The Holy See wishes to express its appreciation to the local Catholic Church in Guinea, Liberia and Sierra Leone for its timely response to the Ebola crisis. In order to strengthen these efforts, and as a practical response to the emergency, the Holy See is making a financial contribution. The funds will support Church-sponsored structures with a view to increasing the assistance they offer via healthcare institutions, community initiatives and pastoral care of patients and healthcare professionals. The Holy See encourages other donors, whether private or public, to add to these funds as a sign of solidarity with our brothers and sisters who are suffering gravely in the areas affected by the disease.

“The monies contributed by the Holy See will be used to purchase much-needed protective supplies, to assist with the transport of patients, and to pay for the renovation of buildings, among other things. A portion of the Holy See’s contribution will be directed towards residents in targeted communities so as to develop and enhance strategies needed to stop the spread of Ebola. Funds are also earmarked for the support of afflicted families and orphaned children. As part of a pastoral response, the Holy See will contribute to the care of people in affected areas by training and supporting clergy, men and women religious as well as lay pastoral workers, ensuring that they are better equipped to attend to the physical, emotional and spiritual needs of the sick and the suffering. The Holy See will focus on parishes,because so much of the Church’s work takes place at the level of the parish, and it is an important grass-roots institution in fighting the Ebola-related stigma now emerging as a serious problem, particularly for survivors”.

Source:: The Holy See intensifies its fight against the Ebola virus

Suggested Book:Ebola: The Natural and Human History of a Deadly Virus

Categories: AFRICA, African Press Organization, Guinea, Liberia, Sierra Leone | Tags:

Taisys publishes its Slim SIM Banking monthly transaction volume in China

TAIPEI, Taiwan, January 7, 2015/African Press Organization (APO)/ — Since 2008, Taisys (http://www.taisys.com) had been enabling Slim SIM banking services with local banks in China, especially in the rural areas where inadequate financial resources are provided. With Taisys Slim SIM technologies, the banks have successfully built up the highly secured “virtual banking network” to their customers providing secured access to financial services, replacing the investment in traditional infrastructures.


Logo: http://www.photos.apo-opa.com/plog-content/images/apo/logos/taisys.jpg


F-Road Shanghai, affiliated to Taisys and a JV with IFC*, provides the “virtual banking network” to its member banks by connecting the banking system to all MNOs in China, together with the Slim SIM as the secure elements. Up to date, more than 1,100banksin China have been deploying the secure and convenient services using Taisys slim SIM technology, including state owned Agriculture Bank of China and nation-wide Postal Saving Banks of China. In Sept. 2014, the monthly transaction figures*reaches 28.36 billion USD, 28% growth rate to the precious month. The fast and reliable services provided by banks and trusted by consumers make “Virtual Banking” no longer a dream. The Slim SIM enables digital signature and encryption over SMS and data network to provide unprecedented security to the banking service, making a regular mobile phone becomes the personal banking assistant.


Secure Element that provides ownership of customers


CEO of Taisys, Jason Ho expresses, “The Slim SIM is the only secure element that strictly complies with ETSI/3GPP standards for the banks to deploy virtual banking with ownership of customers. As a GSMA associate member, we are dedicated in improving the technology evolution in order to include none-telco parties such as banks to serve their customers better in the mobile society. We are pleased to present the scale of the transaction size that is secured by our technology.”


Distributed by APO (African Press Organization) on behalf of Taisys Holding Co. Ltd.


For more information, please visit TAISYS website www.taisys.com.


*IFC, International Financial Corporation, is the investment arm of the World Bank.

*The figure includes only member banks of F-Road Shanghai, excluding the transaction size of Agriculture Bank of China and Postal Saving Bank of China


Media Contact 1 :

Cecilia Cheng / Sales & Marketing

Tel: +65-6272-9688

Cell: +65-9643-8339

E-mail: cecilia.cheng@taisys.com


Media Contact 2 :

Bernie Gee / Sales & Marketing

Tel: +886-2627-0927#6019

Cell: +886-932-384-067

E-mail: bernie.gee@taisys.com


About Taisys

Founded in 2005, Taisys Technologies Co. Ltd. (http://www.taisys.com) is a world leader in making mobile interconnectivity and vertical integration across various industry players. The patented SIMoME technology decouples Value-Added Services from the main SIM, empowering financial institutions, transport operators, and MNOs/MVNOs with innovative solutions. Present in Taipei, China, Singapore, Thailand and South Africa, Taisys has consistently experienced significant growth powered by increasing demand for roaming and banking services. Nowadays, over 10 million satisfied end users enjoy these mobile based value-added services worldwide.

Source:: Taisys publishes its Slim SIM Banking monthly transaction volume in China

Categories: African Press Organization

Liberia : New UNMEER Chief assesses Ebola response


MONROVIA, Liberia, January 7, 2015/African Press Organization (APO)/ — Ismail Ould Cheikh Ahmed, the new Head of the UN Mission for Ebola Emergency Response (UNMEER), arrives in Liberia today as part of his first tour of the three countries most affected by the Ebola Virus Disease (EVD) outbreak. In each country, he will assess response efforts tostop the Ebola outbreak, and determine urgent UN priorities going forward.


On his arrival, Ould Cheikh Ahmed met with President Ellen Johnson-Sirleaf as well as UNMEER and UNMIL staff. He also discussed response efforts with the diplomatic community. Tomorrow, he travels to Grand Cape Mount County where he will interact with local, traditional and religious leaders, as well as Ebola survivors, before heading to Sierra Leone.


“I want to visit the affected countries not only to see what’s already been done – I know we have made a lot of progress – but to see what we can do to get to zero cases as fast as possible,” said Ould Cheikh Ahmed. “Beyond that, we also need to scale up our efforts to reestablish basic social services, strengthen health services, support economic activity and build these countries’ resilience.”


Ould Cheikh Ahmed replaced former Special Representative Anthony Banbury on 5 January 2015.


“The UN is wholly committed to supporting all affected and at-risk communities to contain the Ebola outbreak and end this crisis,” said Ould Cheikh Ahmed. “We need to pay special attention to the border areas. Zero cases – in Liberia and this entire region – must be everyone’s goal.”


During Ould Cheikh Ahmed’s visit, he will meet with the Presidents of Sierra Leone and Guinea, as well as other Ebola response partners in-country. He will also visit Ebola Treatment Units and national Ebola Response Centres to see how UNMEER’s coordination efforts are playing out on the ground.


As of 31 December 2014, seven of Liberia’s 15 counties had reported no new Ebola cases. Still, 22 new cases were reported in Grand Cape Mount, 88 in Montserrado, and 14 in Margibi.


“Clearly, we have more work to do to get to zero,” said Ould Cheikh Ahmed. “UNMEER will stand together with the people affected and their governments until we bring this crisis to an end.”


Suggested Books:

Categories: AFRICA, African Press Organization, HEALTH, Liberia | Tags: , , ,