1st ever African Union/ Caricom Summit 09/07/21

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HAVANA, Cuba, Nov 8 (ACN) The 1st International Conference on Kiswahili, the most widely used language in the countries of the African Union, was opened today at the Havana Convention Center, as part of the activities of the International Fair of Havana, in order to deepen the knowledge of the Kiswahili language, the most widely used language in the countries of the African Union, and to expand its international relevance.

The event saw the presentation of the first Spanish-Kiswahili dictionary, an edition jointly elaborated by Tanzanian and Cuban professors and part of the results of the implementation of the cooperation agreement between the universities of Havana and Dar Es Salaam, signed last year.

Miriam Nicado Garcia, rector of the University of Havana, expressed to those present the bonds of brotherhood and solidarity between the two nations, based on the friendship of historic leaders Fidel Castro and Julius Nyerere.

There was an unveiling of a statue of Mwalimu Nyerere in Havana’s Heroes’ Park.

Minister Ndumbaro said that during the liberation struggles of the countries in Southern Africa, Cuba not only supported the nations with technical assistance and weapons but also volunteered its soldiers to join them in the fight for the dignity and respect of Africans.

Dr Ndumbaro added that Kiswahili has continued to grow and spread by being used in various regional integration communities, including the African Union (AU) and is recognised by the United Nations agencies like UNESCO.


He called upon Caribbean people and stakeholders to seize the opportunity to learn the language, emphasising its importance in fostering cultural integration, trade, tourism and economic growth.


“We believe in the power of the Kiswahili language to connect the people of Tanzania and Cuba, as well as those of Africa and the Caribbean, fostering greater solidarity between us,” he said.

 

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Afreximbank, JE Energy sign $100 million agreement for Guyana crude oil export contracts​

December 02, 2024

African Export-Import Bank has signed an agreement for a US$ 100-million Revolving Trade Finance Facility in favor of oil trader JE Energy Limited to support its contract implementation in the Republic of Guyana.


Under the terms of the agreement signed on the sidelines of the African Energy Week last month, JE Energy Limited, which has been awarded contracts to lift and market crude oil from Guyana, shall utilize the two-year facility to finance the purchase and sale of crude oil from Guyana’s Ministry of Natural Resources for onward sale to reputable international offtakers.
Issued in the context of Afreximbank’s drive to grow business opportunities in its member countries in the CARICOM region, the facility is expected to help ensure that Guyana is able to trade internationally and to benefit from its natural resources while earning much needed foreign currency.
Signing the agreement on behalf of Afreximbank was Mrs. Helen Brume, Director & Global Head of Project & Asset Based Finance, while Mr. Joseph Ilebode, Group Managing Director, JE Energy Limited, signed for his company.
“Afreximbank is thrilled to support JE energy in their recent contract with the Republic of Guyana to facilitate the export of the country's crude oil,” said Gwen Mwaba, Managing Director, Trade Finance & Correspondent Banking at Afreximbank. “This partnership not only highlights our commitment to fostering sustainable energy solutions in Africa and beyond but also strengthens regional trade ties. We believe that supporting innovative companies like JE Energy is crucial for unlocking economic potential and driving growth in the energy sector. Together we can contribute to a prosperous future for Guyana and the wider region.”

“We are very grateful to Afreximbank for the facility granted to JE Energy Ltd.,” commented Joseph Ilebode, Group Managing Director at JE Energy. “It is a clear demonstration of Afreximbank’s willingness to support capable partners in driving energy solutions and unlocking the potential in the sector. We strongly believe this will go a long way to support JE Energy’s plan not only in Guyana but across the African continent.”
Guyana has emerged a significant contributor to growth in the global supply of crude oil since starting production in 2019, with its crude oil production reaching 645,000 bpd in early 2024 and crude oil production becoming the largest contributor to its economic growth