President of Kenya visits GCA Headquarters to mobilize action ahead of Africa Climate Action Summit

Rotterdam, the Netherlands, May 07, 2023 (GLOBE NEWSWIRE) — His Excellency William S. Ruto, President of the Republic of Kenya, visited the floating headquarters of the Global Center on Adaptation (GCA) in Rotterdam today to participate in a Strategic Dialogue on the Africa Climate Action Summit.

The Africa Climate Action Summit is being co-hosted by the Government of Kenya and the African Union Commission on 4th to 6th September 2023, and is co-convened by the African Development Bank and GCA. The visit follows a meeting between Professor Patrick Verkooijen, CEO of GCA and President Ruto in Nairobi in February 2023 where they discussed driving the implementation and financing of climate adaptation through the Africa Adaptation Acceleration Program (AAAP).

GCA, as the only international organisation focused exclusively on climate adaptation, is working closely with the Government of Kenya to mobilize financial commitments for adaptation during the Africa Climate Action Summit. The Strategic Dialogue discussed developing Adaptation Country Investment Compacts and other mechanisms to determine the adaptation investment needs and financing opportunities for each country. The Summit will coalesce partners, including international financial institutions and the private sector, around accelerating adaptation financing and climate action leading into the United Nations Secretary-General’s Climate Action Summit and COP28.

The President, who is the Chair of the African Union’s Committee of African Heads of State and Government on Climate Change, was welcomed to the city of Rotterdam and the GCA Headquarters by GCA CEO Professor Verkooijen; the Mayor of Rotterdam, Mayor Ahmed Aboutaleb; Jan Peter Balkenende, Prime Minister of the Netherlands (2002-2010) and GCA Executive Board Member and Feike Sijbesma, Board of Trustees, World Economic Forum, GCA Co-Chair.

His Excellency Ban Ki-moon, 8th Secretary-General of the United Nations and GCA Co-Chair; Josefa Leonel Correia Sacko, African Union Commissioner for Agriculture, Rural Development, Blue Economy and Sustainable Environment and Dr. Kevin Kariuki, Vice-President of the African Development Bank joined the Strategic Dialogue virtually to discuss the Africa Climate Action Summit. The discussion highlighted the importance of rich nations coming forward with commitments to honor the pledges made at COP26 in Glasgow to double adaptation financing by 2025 and how the Summit can help deliver the priorities of African governments to advance the “Green Agenda for Africa” including opportunities in green industrialisation.

Speaking during the dialogue, His Excellency William S. Ruto, President of the Republic of Kenya, said: “The world is now edging close and closer towards the brink of a climate disaster whose warning signs so far are the most catastrophic environmental and atmospheric phenomena humankind has ever encountered. The GCA exists to remind us of these fundamental truths, and to mobilise and empower effective responses in ways that are both reassuring and inspiring.”

Professor Patrick Verkooijen highlighted the importance of the Africa Climate Action Summit to mobilize climate finance for adaptation: “African countries are at ground zero of our climate emergency – they are already losing up to 15% of GDP growth due to climate change even though they are responsible for only 3% of global emissions. They must be given the chance to survive and thrive even as they suffer the impacts of a crisis they did not cause. Africa has the solutions but it needs climate finance and investment. I commend President Ruto for his leadership in hosting the Africa Climate Action Summit and look forward to the real and tangible commitments it will deliver.”

Notes to Editors

About the Africa Adaptation Acceleration Program (AAAP)
An Africa-owned and Africa-led program, the AAAP, is a joint initiative between the African Development Bank (AfDB) and GCA with the goal of mobilizing $25 billion for adaptation in Africa by 2025 through four pillars: food security, resilient infrastructure, youth entrepreneurship and job creation, and innovative climate adaptation finance. The African Union endorsed AAAP’s two financing mechanisms. The first mechanism is the AAAP Upstream Financing Facility hosted by GCA, which has already influenced over $5.2bn in investment for adaptation in Africa since its inception in 2021. The AfDB administers the second financing mechanism through the climate set aside under the ADF-16 replenishment, which builds on the AfDB’s commitment to finance $12.5 billion of adaptation programs – half of the AAAP investment target.

About the Global Center on Adaptation (GCA)
The Global Center on Adaptation (GCA) is an international organization that works as a solutions broker to accelerate action and support for adaptation solutions, from the international to the local, in partnership with the public and private sectors. Founded in 2018, GCA operates from its headquarters in the largest floating office in the world, located in Rotterdam, the Netherlands. GCA has a worldwide network of regional offices in Abidjan, Cote d’Ivoire; Dhaka, Bangladesh, and Beijing, China.

About the Africa Climate Action Summit
The Africa Climate Action Summit in Nairobi will be held from September 4th to September 6th. This summit is expected to bring together leaders, experts, and policymakers from across the world to discuss the pressing issue of climate change and its impact on Africa. The Africa Climate Action Summit will focus on a number of key areas, including adaptation, renewable energy, sustainable agriculture, and climate finance. Participants will share their experiences, best practices, and strategies for addressing climate change, and will work to develop a roadmap for African countries to achieve their climate goals.

Attachment

Alexandra Gee
Global Center on Adaptation
+447887804594
alex.gee@gca.org

GlobeNewswire Distribution ID 8833600

Foreign Minister participates in extraordinary sessions of Arab League Council in Cairo

Minister of Foreign Affairs, Migration and Tunisians Abroad Nabil Ammar took part in two extraordinary sessions of the Council of the League of Arab States at the Ministerial level held Sunday in Cairo.

These meetings focus on the latest developments in Sudan and Syria. The Palestinian cause, particularly on the commemoration of the 75th Anniversary of the Al Nakba will also be tackled.

During the meetings, Tunisia stressed the need to reactivate mechanisms for joint Arab action to resolve these crises, while respecting the values of solidarity and mutual assistance.

In the margins of these meetings, the Foreign Minister held talks with many of his counterparts and heads of delegation, as well as with the Secretary General of the League of Arab States.

Source: Agence Tunis Afrique Presse

FCAT 2023: Erige Sehiri’s “Under the Fig Trees’ awarded

The jury of the Spanish Agency for International Development Cooperation (AECID) gave a special mention to the Tunisian co-production "Under the Fig Trees' directed by Erige Sehiri in the official section of the Tarifa African Film Festival (FCAT), which announced the list of winners of its 20th edition (28 April - 6 May 2023) on Saturday evening.

The special mention was awarded "for its excellent representation of community life, relations between different generations, between men and women, between tradition and modernity,' according to a press release from the festival.

Erige Sehiri's film, chosen to open the 20th FCAT, also won the TV5Monde Audience Award for Best Feature Film.

Source: Agence Tunis Afrique Presse

“Djerba Cult” meeting starts in conjunction with pilgrimage to El Ghriba in Djerba

The "Djerba Cult" meeting, organised by the Heritage Laboratory of the Faculty of Letters, Arts and Humanities of Manouba as part of its scientific and cultural activities, began on Sunday in Djerba.

The meeting, which has been taking place for ten years in conjunction with the pilgrimage to Ghriba, is a new opportunity to present to the public the results of the research and scientific work carried out by students on the history and heritage of the island of Djerba.

The Djerba Cult meeting began with a scientific symposium on the movements of the "Djerbians" outside the island, the culinary heritage of this region and the memories of the inhabitants of different ethnicities and beliefs (Muslims, Jews, Christians, Greeks).

The Djerba Cult programme includes film screenings followed by debates, in particular The History of Religious Plurality in Tunisia" by the Tunisian Association for the Support of Minorities, "The Plural Heritage of the Island of Djerba" by Zied Haddad and "The Last Journey" by Issam Saidi.

Source: Agence Tunis Afrique Presse

Opening of 2nd Master International Film Festival in Yasmine Hammamet

The opening ceremony of the second edition of the Master International Film Festival (MIFF), took place on Saturday at the Yasmine Hammamet medina.

A tribute was paid to the great actor Fethi Haddaoui and the Egyptian actress Dora Zarrouk.

This new meeting of Arab and international cinema that will run until 13 was inaugurated in this seaside resort, in the presence of Minister of Culture, Hayet Ketat Guermazi, founding president of the MIFF, filmmaker Mokhtar Ladjimi, and director general of the "La Paix" group and co-organiser of the festival, Ali Miaoui.

The Minister said the innovative vision of this edition of the MIFF confirms the success of the first edition and also brings this artistic dynamism to Tunisia, as it is celebrating the centenary of national cinema this year, according to a Culture Ministry statement.

This celebration is the culmination of a long journey of professionals of the 7th art for a cinema that reflects their respective conception and vision of the world, added the Minister.

She also said that her ministry is committed to supporting the MIFF in line with its general orientations for the promotion of quality cinema and the image of the country as a privileged destination for filmmakers from around the world.

MIFF 2023 opened in the colours of India with the screening of LAST FILM SHOW directed by Pan Nalin.

The Official Selection and International Competition features 12 films, 12 shorts and 6 documentaries. The screenings will take place in the 4 cinemas of the Medina Yasmine Hammamet.

The Fiction Jury is made up of 7 members and is chaired by Chilean composer Jorge Arriagada, a specialist in film music; the Short Film Jury and the Documentary Jury are each made up of 5 members.

This film gathering brings together more than twenty nationalities, with many new features in the different sections. A new competition, "Mobile Film", is dedicated to the creation of one-minute sequences using mobile phones, with 90 films taking part.

The MIFF is open to various forms of expression, including panels on film music, digitalisation or "Shooting in Tunisia", which deals with the conditions and dangers of filming in Tunisia.

A prize will be awarded by the International Council for Film, Television and Audiovisual Communication of the United Nations Educational, Scientific and Cultural Organisation (UNESCO): the "Gandhi Medal" for the most powerful film dealing with just human causes.

There will also be master classes, a Latino focus on Latin American cinema and a panorama of documentaries.

In terms of attractions, film lovers will be able to enjoy a "Ciné Beach" with projections on the Yasmine Hammamet beach, opposite the medina.

Source: Agence Tunis Afrique Presse

US embassy announces opening of applications for $1.5 NOFO for women working in agriculture

The U.S. embassy has recently announced the opening of applications for a $1.5 million Notice of Funding Opportunity (NOFO) dedicated to women working in the agricultural sector.

It said in a statement the grant aims to address the vulnerability of Tunisia's agricultural sector to climate change, as well as increased food security threats, particularly for women's economic security and empowerment.

The first objective of the NOFO is to enable women-led cooperatives to optimise their use of natural resources to mitigate the challenges caused by climate change, it pointed out.

The second is to help women-led cooperatives to improve business acumen and increase revenue throughout the value chain of their products, according to the statement.

Source: Agence Tunis Afrique Presse

Hand – African Super Cup (placement match): CF Moknine finish 4th

Tunisia's Club sportif féminin de Moknine finished fourth at the African Women's Handball Super Cup, after losing to Congo's DG Sécurité Présidentielle 22-25 (13-12) in a placement match played Sunday in Cairo.

The title is currently being played between Angola's Primeiro de Agosto and its compatriot Petro Atletico.

The Tunisians had lost to Petro Atletico (14-30) In the semi-finals, while DGSP were defeated by Primeiro de Agosto (27-33).

Source: Agence Tunis Afrique Presse

Tunisian-Algerian professional meetings in fisheries and fish production May 22-25 in Algiers

The Exports Promotion Centre (CEPEX) announced Sunday, through its commercial representation in Algiers, the holding of Tunisian-Algerian B2B professional meetings in fisheries and fish production from May 22 to 25, 2023 in Algiers.

The meetings that will take place on the sidelines of the "DJAZAQUA" trade fair "will be an opportunity for Tunisian companies specialising in fisheries and aquaculture to present their products and know-how to Algerian buyers."

The mission will include a prospecting visit to the "DJAZAQUA" fair, B2B meetings with potential Algerian buyers and visits to companies and production sites.

Source: Agence Tunis Afrique Presse

Tunisia’s soccer League 1- Championship phase – day 6 results

Results of Tunisia's soccer League 1 Championship phase day-6 games played on Sunday afternoon:

Played Sunday

Rades:

C. Africain 1 Hamdi Labidi (81)

Esperance ST 0

Sousse:

ES Sahel 2 Yassine Chammakhi (50), Assil Jazir (90+1)

US Ben Guerdane 0

Played Saturday

Tataouine:

US Tataouine 0

CS Sfaxien 4 Ismail Diakité (19), Achraf Habbassi (45 pen.), Al Hussein Ali (53), Mohamed Kanté (58)

Playing Monday, May 8

Monastir (1700):

US Monastir

O. Béja

Source: Agence Tunis Afrique Presse

National Bond 2023: subscription to 2nd tranche to start on May 8 to raise TND 700 million

Subscription to the second tranche of the 2023 National Bond issue, whose amount is set at 700 million dinars (MD), will start on Monday, May 8, 2023.

For the third consecutive year, Tunisia is issuing national bonds as a mechanism to finance the state budget, given the difficulty for the country to borrow from the international financial markets due to the delay in the approval of the agreement with the IMF under the Extended Fund Facility (EFF), amounting to about 1.9 billion dollars, despite the staff-level agreement reached with Tunisia on October 15, 2022.

Financial analyst, Bassem Ennaifer, told TAP the issuance of bonds by the state aims to diversify the sources of financing the budget.

"The government seeks to raise amount of TND 2.8 billion dinars for the whole year 2023 through the issuance of national bonds, compared to about TND 2.994 billion in the previous year and TND 1,806 in 2021.

Ennaifer estimated that the subscription of the second tranche of the national bond issue would exceed the planned target (700 MD), given the preparations made for this purpose by the Ministry of Finance and financial institutions such as banks, insurance companies and stock market brokers.

As a reminder, in February 2023, Tunisia managed to mobilise an amount of TND 715 million, as the first tranche of the 2023 national bond issue, thus exceeding the planned target, which was also set at 700 MD.

The Minister of Finance, on April 20, published in Official Journal of the Tunisian Republic (JORT) No. 40 the specifics and conditions of the issuance of the second tranche of the 2023 national bond.

Subscription to this tranche will start on May 8, 2023 and run until May 17, with the possibility of closing or extending the subscription before this date.

Subscription to the National Bond Issue is possible according to the subscriber's choice in three categories:

Category "A" with a nominal value per security of 10 dinars, category "B" with a nominal value per security of 100 dinars and a repayment period of 7 years, while category "C" has a nominal value per security of 100 dinars and a repayment period of 10 years.

The interest rates for these three categories are 9.75% per annum, 9.80% and 9.95% per annum respectively.

Ennaifer stressed that even if the mechanism of assimilated treasury bonds (BTA) remains useful, banks prefer the subscription of bond loans given 'their profitability, especially thanks to the interest rates applied to that kind of subscription.'

He explained that the State generally does not issue long-term bonds, but rather carries out exchange auctions by issuing new assimilated treasury bonds to buy back the old ones.

As far as the banks are concerned, he pointed out that participating in the bond subscription process allows them to recover their money better than in the case of treasury bill purchases, thus avoiding lengthy procedures. This approach gives them flexibility in their management methods.

In terms of financial profitability, he stressed that subscribing to domestic bonds is better for banks than subscribing to corporate bonds.

He said: "As long as the grace period for subscribing to domestic bonds is long (up to 10 years), the return for the subscriber will be higher, which will allow banks to make large profits.'

Source: Agence Tunis Afrique Presse