CS Calls On Commonwealth Member States To Remove Barriers That Hamper Trade

Foreign and Diaspora Affairs Cabinet Secretary Alfred Mutua has called for the removal of trade barriers that restrict movement of goods and people amongst the Commonwealth member states. Dr Mutua said the removal of restrictive visa regimes and other non-trade barriers would be vital in leveraging intra-Commonwealth trade. In a press statement sent to newsrooms, the CS reaffirmed Kenya’s commitment to positive multilateralism, to the values and principles of the Commonwealth and to mutually beneficial partnerships that will safeguard and advance the welfare and wellbeing of citizenry in the member states. ‘I am also calling for a review of the global financing system that would help in easing and better management of debt among Commonwealth Member States,’ stated Dr Mutua. The CS made the remarks yesterday during the 22nd Commonwealth Foreign Affairs Ministers Meeting (CFAMM) held at the Commonwealth Headquarters, Marlborough House in London that was attended by ministers and representatives from across the Commonwealth, to discuss joint responses to shared challenges. The Foreign Affairs Ministers’ Meeting is held annually to discuss matters of collective interest to the Commonwealth. This year’s meeting focused on enhancing the resilience of Commonwealth countries in times of crisis and provided a platform for members to appraise each other on the challenges faced by their countries on the effects of climate change, Covid-19 pandemic and high food and energy costs that risk impacting peace and stability. At the meeting, CS Mutua proposed various areas of concern where member States could work jointly together citing areas such as climate change, pollution and biodiversity loss, matters of regional peace and security and in particular, countering violent extremism, debt management, elections and national cohesion. He commended Kenya for holding peaceful and fair elections as was validated by both regional and international election observer missions, and reiterated Kenya’s commitment to supporting African leadership in addressing climate change, pollution and biodiversity loss, as well as Kenya’s role in advancing a cleaner, greener and more sustainable environment. The CS told the meeting that President William Ruto, is advocating for the planting of 15 billion trees by 2023, a move he said aims at increasing Kenya’s tree cover to 30 percent. On the sidelines of the meeting, Dr Mutua held a bilateral meeting with the Foreign Secretary of the United Kingdom James Cleverly where they discussed issues of mutual interest and the need for peace and stability. On regional peace and security, they both agreed to collaboratively explore ingenious pathways to end conflict in the Democratic Republic of Congo, Somalia and South Sudan. Mr Cleverly said UK appreciates and lauds Kenya’s commitment to improve peace, security and prosperity in Kenya and the region. The Ministers also discussed on the ongoing projects and agreements signed at COP 27 in Egypt which they noted will enable trade and development programmes in the two countries to grow to higher heights. On education, the Ministers agreed on increasing scholarships to Kenya from the current 40 Chevening and 20 Commonwealth scholarships. ‘Doubling of the number of scholarships offered to Kenyans would be ideal,’ Dr Mutua said and requested for a quota of additional 20,000 nurses to work in the UK. ‘We request for 10,000 jobs for seasonal agricultural workers in the UK farm sector and support to access as many as 8,000 seasonal labour jobs in construction, hospitality and health in the Isles of Jersey and Guernsey,’ he added.

Source: Kenya News Agency

Open Society Announces $1.7 Million to Support Middle East and North Africa Debt Swap for Sustainable Development

Amman, March 15, 2023 (GLOBE NEWSWIRE) — The Open Society Foundations today announced that they are giving $1.7 million to a United Nations initiative in the Middle East and North Africa region (MENA) that seeks to catalyze increased public spending on achieving the UN’s Sustainable Development Goals by negotiating reduced national debt service payments. Importantly, the initiative provides a channel for MENA civil society organizations to have a voice about where such kinds of innovative financing is needed most.

The two-and-a-half-year project partnership, which will last from April 2023 through September 2025, will support work by the UN Economic and Social Commission for Western Asia (ESCWA) with interested member states and civil society to identify investment projects that prioritize the most urgent needs of MENA societies. ESCWA will support member states in reaching agreements with their creditors to redirect scheduled debt service payments into sustainable local investments.

An emphasis on robust project monitoring and evaluation provides an incentive to creditors who are ready to deliver on their own commitments to climate and sustainable development goals financing in MENA. The initiative is further strengthened by the role of ESCWA’s Advisory Committee, made up of experts with experience implementing debt swaps and providing economic policy advice on inclusive growth in other parts of the world.

Heavily indebted MENA countries have pressing financing needs to address climate adaptation and sustainable development goals, while struggling to recover from fallouts of the COVID-19 pandemic and repercussions of the war in Ukraine, including growing food insecurity. As middle-income countries, they are both excluded from debt relief frameworks and find it difficult to access the financing they need.

The combined public debt burden of Arab countries was $1.5 trillion, equivalent to about 54 percent of the region’s GDP in 2021. In addition, the Arab region continues to suffer disproportionately from climate change and 90 percent of the population resides in water-scarce countries. Conflicts in the region have devastated institutions and infrastructure and some 66 million persons in Arab countries affected by conflict are dependent on humanitarian aid.

“The ESCWA initiative is a win-win strategy for all stakeholders involved,” said Issandr Amrani, executive director for Open Society–Middle East and North Africa. “As a multilateral institution with a commitment to human rights and civil society engagements, ESCWA provides a new opportunity for civil society to engage with governments on borrowing, spending, and development priorities. Open Society is committed to backing innovative projects that can help deliver economic justice.”

Yamide Dagnet, Open Society’s director for Climate Justice, added: “Climate disruption poses exponential risks to MENA’s economic and political challenges. Open Society’s pro-climate and fiscal-forward support can pave the way for catalytic investment in a just and inclusive climate transformation. From spurring dynamic and higher quality, green new employment opportunities that spark optimism among youth, women, and other marginalized communities, to addressing adaptation issues such as water scarcity that risks amplifying conflict. The fiscal space and just opportunities this pledge creates expands how we must put climate justice into action.”

Open Society’s president announced the launch of the grant during a high-level plenary session of the Arab Forum on Sustainable Development in Beirut, Lebanon, on March 15, 2023.

Office of Communications
Open Society Foundations 
212-548-0378
media@opensocietyfoundations.org

GlobeNewswire Distribution ID 8789008

ACAMS Launches Scholarship Program for Korean Professionals Seeking Anti-Money Laundering Training

CAMS Scholarship recipients will train on strategies to identify, trace, and report criminal activity threatening financial institutions across the globe

WASHINGTON, March 14, 2023 (GLOBE NEWSWIRE) — As part of its efforts to support the fight against financial crime throughout the Asia Pacific region, ACAMS is launching a new scholarship program for South Korean compliance professionals seeking to become Certified Anti-Money Laundering Specialists (CAMS). Under the initiative, ACAMS will award the CAMS Scholarship to 10 Korean compliance practitioners in the anti-financial crime (AFC) space, granting them a one-year membership to the association and a full waiver of all fees for the CAMS exam package.

As part of the program, scholarship winners will train on a broad array of skills and strategies to detect, track, and report illicit financial activity, including global best practices on the effective implementation of anti-money laundering (AML) and counterterrorism financing (CTF) policies and procedures, risk-mitigation controls, and suspicious transaction reporting. Widely recognized as the global standard for AML/CTF credentials, the CAMS program helps to shield financial institutions around the world from criminal exploitation, regulatory fines, and reputational harm.

“This scholarship is a reflection not only of our mission to fight illicit finance around the globe, but also of our commitment to the talented professionals in Korea’s dynamic anti-financial crime sector,” said ACAMS CEO Scott Liles. “As South Korea’s financial markets continues to grow, it’s critical that compliance professionals are prepared to meet evolving regulatory expectations and face emerging criminal threats.”

“For compliance practitioners, CAMS is pathway to becoming part a global community of dedicated men and women around the world who are applying their knowledge and skills to protect the private sector and save lives,” said ACAMS Advisory Board Member Jean Chung who is also Managing Director, Asia Head over Conduct, Financial Crime and Compliance Advisory for Corporate, Commercial and Institutional Banking at Standard Chartered Bank. “This is a credential that will open doors for professional development throughout a recipient’s career.”

The initiative is the third of its kind for ACAMS following the launch in 2021 of the CAFCA Scholarship and CCAS Scholarship in 2022. The CCAS Scholarship attracted entries from AFC professionals from over 100 countries around the world.

Applicants can apply for the CAMS Scholarship through 11:59 pm GMT April 28, 2023. Winners will be announced in June.

Find out more about the scholarship’s criteria and application process here:
https://www.acams.org/cams-scholarship

About ACAMS®

ACAMS is a leading international membership organization dedicated to providing opportunities for anti-financial crime (AFC) education, best practices, and peer-to-peer networking to AFC professionals globally. With over 100,000 members across 180 jurisdictions, ACAMS is committed to the mission of ending financial crime through the provision of anti-money laundering/counterterrorism-financing and sanctions knowledge-sharing, thought leadership, risk-mitigation services, ESG initiatives, and platforms for public-private dialogue. The association’s CAMS certification is the gold-standard qualification for AFC professionals, while its CGSS and CCAS certifications are for sanctions professionals and AFC practitioners working in the crypto space, respectively. ACAMS’ 60+ Chapters globally further amplify the association’s mission through training and networking initiatives. Visit acams.org for more information.

Media Contact:
Lashvinder Kaur
lkaur@acams.org
+44 7388 264478

GlobeNewswire Distribution ID 8788561

4695 Students Benefit From Bursaries In Kasipul Constituency

Needy students in Kasipul constituency, Homa Bay County have benefitted from Sh31 Million fees bursary from the local National Government Constituencies Development Fund (NG-CDF). Speaking to the press after the distribution of the cheques, the area Member of Parliament (MP) Charles Ong’ondo Were said the bursaries will ensure students stay at school and concentrate fully in their studies. He noted that so far, they have managed to provide bursaries to 4,695 students since the reopening of schools early this year. ‘We started vetting four months ago before the results of standard 8 pupils were released where we sorted 2,300-day scholars, 1,399 boarders and 996 students from tertiary institutions,’ noted the MP. Ong’ondo added that Kasipul was voted the best in the latest audit in terms of bursary allocations adding the distribution of the bursary was fair and transparent. He said the allocation was done per polling center with each centre producing 40 beneficiaries. The MP reiterated that students from day schools were allocated 50 per cent of the bursary while their counterparts in boarding schools and tertiary level took 20 and 25 per cent respectively. ‘In each polling center, the percentage of day scholars is higher as compared to the others, and this is the reason why they took the bursary’s lion share. I want to assure that whatever we have received from the national government through the CDF has been fully utilized,’ he said. To improve learning in schools, the MP said they undertook a number of programs directed towards procuring school buses, constructing laboratories and libraries and improving roads within the constituency to ensure accessibility.

Source: Kenya News Agency

Join SACCOS To Access Affordable Housing, Kenyans Urged

Kenyans have been urged to join Savings and Credit Cooperatives Societies (SACCOS) so as to easily own and invest in property. According to Engineer George Kiiru, the Chairman of Wanabarabara Housing Cooperative Society, buying property as a group is much easier and affordable as compared to buying it individually. Addressing the press, in Kisaju Kajiado County, after handing over title deeds to members of the Wanabarabara Housing Cooperative Society, Eng. Kiiru reiterated the importance of joining housing cooperatives that enable one to own land and build houses. The Chairman said that buying property in Kenya is very costly and it is cheaper to buy large parcels of land in a group as opposed to as an individual as you have the advantage of the economies of scale. ‘SACCOS are the way to go. This initiative is aimed at helping our members to purchase land and construct houses in line with the government’s desire for every Kenyan to enjoy equal opportunities and access affordable housing,’ he said. He revealed that the Wanabarabara Housing Cooperative Society had bought 5 acres in Kisaju and sub-divided it to 33 plots for some of its members who intend on building housing units. He added that the membership of the Sacco, which was formed in 2018 has grown from a membership of Kenya National Highways Authority (KeNHA) employees to including officials from government ministries. Engineer Kiiru added that SACCOS also allow members to save money and apply for low-interest loans which they can use to develop their property. Charles Ogal, the Secretary of the Housing Society said cooperative movement was very strong in Kenya and contributes up to 45 per cent of the Gross Domestic Product (GDP). He added that joining cooperatives societies can help one grow faster as opposed to individually. Edna Osore, one of the members who received her title deed for her parcel of land, expressed her joy at owning a piece of land adding that she was now free to build a house and secure her family’s future. She challenged more women to join the cooperative movement so that they can save money and own property.

Source: Kenya News Agency