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  • Extreme heat deadlier than wildfires, California insurance regulator says #rwanda #RwOT

    SACRAMENTO, California — Extreme heat waves have cost Californians at least $7.7 billion over the last decade and killed nearly 460 people, according to a report released Monday by California Insurance Commissioner Ricardo Lara.

    While nearly every Californian was somehow affected, people of color and older people suffered the most impacts to their health, according to the report.

    The first-of-its kind analysis by the Insurance Department shows the staggering and wide-ranging impacts of extreme heat right at the beginning of a week of triple digit temperatures that will bake inland California.

    It also comes a day after Gov. Gavin Newsom signed a budget that eliminated millions of dollars previously planned for cooling and resilience centers and a program to track heat-related hospital visits. Lawmakers over the weekend released proposed language for a climate bond on the November ballot that would raise around $400 million for extreme heat programs — including $100 million for resilience centers — if approved by voters.

    Lara said the report underscored the need to protect residents and address the economic costs of heat. 'Extreme heat is a silent, escalating disaster that threatens our health, economy, and way of life in California,' said Lara, who sponsored the 2022 legislation that prompted the report. 'We must prioritize resilience-building efforts and innovative insurance solutions to safeguard our state against the growing impacts and financial risks of extreme heat.'

    The premature death estimate is still likely an undercount; the Los Angeles Times in 2019 estimated that high temperatures had killed nearly 4,000 people between 2010 and 2019, which was more than six times higher than the official state figures.

    But even the state figure is still higher than the death toll from other disasters, including wildfires and storms.

    The total price tag of the seven extreme heat events since 2013 includes lost labor productivity, costs related to power outages, infrastructure repairs and premature mortality, according to the report.

    Black, Hispanic, and Native American communities disproportionately suffered adverse health outcomes, including emergency room visits and hospitalizations. Older populations had the most premature deaths and younger populations had the most emergency heat-related illnesses.

    Acute renal failure, respiratory issues, mental health problems and ischemic strokes contributed to more than 5,000 hospitalizations over the seven heat events. Hospitals saw nearly 10,600 emergency department visits, more than 138,000 outpatient visits and nearly 344 adverse birth outcomes.

    The report also outlines how few insurance tools exist to help people and businesses recoup from heat-related losses.

    Of the people hospitalized, only 17 percent had private insurance, a far lower rate than average across the state.

    Manufacturing insurance policies are unlikely to have heat as a covered peril, according to the report, and crop insurance policies don't often cover heat for California's many specialty crops.

    Several state agencies, including the Insurance Department and the Environmental Protection Agency, are setting up an extreme heat wave ranking and warning system as prompted by the same 2022 legislation. CalHeatScore is scheduled to be up and running by January 2025.

    The post Extreme heat deadlier than wildfires, California insurance regulator says appeared first on The Custom Reports.

    Source : https://thecustomreports.com/extreme-heat-deadlier-than-wildfires-california-insurance-regulator-says/

  • How should cyber insurance evolve for the future? #rwanda #RwOT

    CEO on solving a crisis as a 'traditional' approach is not working

    How should cyber insurance evolve for the future?

    Coalition CEO and founder Joshua Motta called on the industry to rethink its approach to cyber insurance as new risks come into play.

    'We need a new type of cyber insurance, a new category of insurance, as the traditional insurance approach is clearly not working,' Motta said at the Marsh McLennan Rising Professionals' Forum.

    Motta highlighted data indicating that fewer than 1 million organizations have standalone cyber insurance policies out of a potential market of approximately 60 million companies across the US and EU.

    Addressing recent rate fluctuations in the cyber market, he remarked that 'typically, when we see rollercoasters like this in insurance, it suggests that the participants don't know what they're doing — which might actually be a valid criticism.'

    With the US cyber insurance market forecasted to reach $50 billion in the coming years, Motta posed the question: 'How do we get there from where we are today?'

    His solution is the adoption of an active cyber approach. Motta noted that nobody wants to go on 'this rollercoaster anymore,' and as such active insurance is the answer.

    Motta discussed the significant transformation in the business landscape due to the digital revolution, noting that business assets have shifted from being predominantly tangible in 1975 to almost exclusively intangible today.

    Despite this shift, he observed that 'most organizations continue to protect themselves the same way they did in 1975.'

    He outlined the standard risk management approach of 'accept, mitigate, or transfer,' noting that 'the amount of cyber risk organizations today are accepting is enormous.'

    'They are almost completely unprepared and do not have the balance sheets, in some cases, to survive a cyber event,' he said.

    Motta also asserted that the insurance sector struggles to adapt to this digital business environment.

    'Most of the P&C industry is focused on the byproducts of the last industrial revolution. That's how the industry evolved, covering mostly tangible things from fairly well-understood perils,' he said.

    Digital transformation, he added, 'has made the world we once knew completely unrecognizable.'

    'And yet the world of insurance remains totally recognizable. In my humble opinion, you can't underwrite — much less manage — cyber risk in the same way as traditional insurance risk.'

    Motta also disputed the notion that there is insufficient data to underwrite cyber risk and understand aggregation potential.

    'There has never been more data to interpret cyber risk, to underwrite how it aggregates than there is today. It's just that most insurers don't have it, and certainly don't use it,' he said. 'Cyber risk can be quantified, it can be predicted, and it can be actively managed. We don't have to wait around like a traditional insurance company for a claim to be filed, we can actually go out and do something about it.'

    Active insurance, as described by Motta, involves assessing an organization's vulnerability to cyberattack and proactively addressing those vulnerabilities to prevent digital attacks. By monitoring live data, it ensures immediate action is taken to contain and limit the impact of any incident.

    This approach creates a deeper and more dynamic relationship between insurer and insured.

    'In the case of Coalition, I believe in probably 99% of cases, when a customer applies for cyber insurance with us, we know more about their cyber risk than they do,' Motta said.

    'Generally, it's the buyer of insurance that knows more than the seller. The best insurance companies in the world have been those that can avoid being adversely selected against. However, if you can reverse that information asymmetry, you can do something very rare in insurance, which is positively select for risk,' he said.

    What are your thoughts on this story? Please feel free to share your comments below.

    The post How should cyber insurance evolve for the future? appeared first on The Custom Reports.

    Source : https://thecustomreports.com/how-should-cyber-insurance-evolve-for-the-future/

  • New APR signing Richmond Lamptey will receive a salary of $10,000 a month #rwanda #RwOT

    Richmond Lamptey, a player from Ghana, has promised to become the highest-paid player in Rwanda. News from  Ghana indicates that he will receive a salary of 10,000 US dollars.

    Through the X , Listowel Mensah, one of the leading journalists in Ghana said that APR unveils Ex-Kotoko midfielder Richmond Lamptey, my checks show he will earn $10000 a month, will be given a car and a luxurious house located in Rwanda's 'East Legon hills'

    🚨APR unveils Ex-Kotoko midfielder Richmond Lamptey, my checks show he will earn $10000 a month, will be given a car and a luxurious house located in Rwanda's 'East Legon hills' pic.twitter.com/YuABa1hrF9

    — Listowel Mensah (@Listo_Mens) June 28, 2024

    New APR signing Richmond Lamptey is one of the gifted midfielders that Ghana Premier League has produced in recent years.

    The 27-year-old midfielder was groomed at Ghana-based Feyenoord Academy which was owned by Dutch outfit Feyenoord Rotterdam. He spent 10 years at the Academy and progressed to captain the senior side before leaving in 2018.

    Lamptey is an intelligent number 10, his key elements are his great passing, and ability to assist strikers to score. He also possesses a deadly left foot akin to Sulley Muntari. He can score from 40 yards.

    He has played for Ghana from U17 level up to the senior level. He was part of the Black Stars team which won the 2017 WAFU, a competition exclusively for countries associated in West African Football Union.[irp]

    He was also part of Ghana's squad that took part in the 2023 Africa Cup of Nations (AFCON) in Cote d'Ivoire.

    Lamptey is a born leader, he has captained all the clubs that he played for and this shows his leadership skills.

    Kumasi Asante Kotoko's loss is APR's gain. They tried every means to make their skipper renew his contract but he turned down the offer after APR tabled a reported $120,000 (Rwf159 million) worth of signing on fee. The lucrative offer looked too appetizing for the Ghana star to reject.

    Lamptey put pen to paper on a two-year contract after passing his medical on Friday, June 28.

    What are Lamptey's qualities?

    The majority of players change teams which pay awesomely but, aside from that, Lamptey is a solid player and APR lacks someone with his attributes in their team.

    One player who will benefit immensely from Lamptey is Gilbert Mugisha. The winger likes to latch on to through passes, beat his marker and fire home. The chemistry with Mugisha will work as the midfielder possesses extraordinary passing skills.

    Also, Victor Mbaoma needs services to thrive. All the 15 league goals that he scored last season were from inside the penalty box and, with Lamptey, he will get all the needed supplies. If the Nigerian forward continues to be clinical, he can net not less than 20 goals in the league with Lamptey playing just behind him.[irp]

    In Lamptey, APR have signed a gem. The fans will witness quality football and breathtaking goals. The Lions are set to roar in the domestic league and also the CAF Champions League with the Ghanaian in their midst.

     New APR signing Richmond Lamptey who play in APR FC to get a salary of $10,000 a month
    Seidu Dauda Yassif (center) talks with Juan Batista Lopes Da Silva (left) at inaugural match at the Amahoro Stadium
    New APR signing Richmond Lamptey to get a salary of $10,000 a month
    New APR signing Richmond Lamptey to get a salary of $10,000 a month

    The post New APR signing Richmond Lamptey will receive a salary of $10,000 a month appeared first on The Custom Reports.

    Source : https://thecustomreports.com/new-apr-signing-richmond-lamptey-will-receive-a-salary-of-10000-a-month/

  • Infantino congratulates Kagame as Amahoro Stadium officially opens #rwanda #RwOT

    World football governing body (FIFA) president Gianni Infantino has heaped praise on President Paul Kagame for his consistent support of football development in Rwanda.

    Infantino made the comments hours after Kagame officially inaugurated refurbished Amahoro Stadium on Monday, July 1 in a colourful event graced by CAF president Patrice Motsepe.

    The ultramodern facility now boasts a seating capacity of 45,000, up from the initial 25,000, after undergoing extensive renovations since mid-2022.

    'My congratulations to my dear brother and president of Rwanda, Paul Kagame, on the inauguration of Amahoro Stadium in Kigali. This is a momentous occasion which will drive further growth of football in this beautiful country,' Infantino posted on his Instagram page on Monday night.

    Italian-Swiss football administrator commended Kagame's ongoing support for football development in Rwanda, as witnessed when Rwanda hosted the 2023 FIFA Congress.

    'President Kagame has consistently supported and pushed for development of our beautiful game in his nation. I look forward to continuing our fantastic working relationship, and together with CAF president Patrice Motsepe, we will work to bring football to young girls and boys at all levels,' he said of the Rwandan head of state.

    Infantino's congratulatory message came in response to Kagame's appreciation towards the FIFA boss and CAF's Motsepe for supporting and inspiring Rwanda 'to enhance our sports infrastructure.'

    'They have supported Rwanda and other African countries in elevating the standards of African football. At such venues, African children can train and showcase the great talent we have on our continent,' Kagame said.

    The government invested a whopping Rwf 160 billion on the renovation of Amahoro Stadium. The state-of-the-art facility has recently been approved by FIFA to host international football events after thorough inspection by CAF officials.

    The post Infantino congratulates Kagame as Amahoro Stadium officially opens appeared first on The Custom Reports.

    Source : https://thecustomreports.com/infantino-congratulates-kagame-as-amahoro-stadium-officially-opens/

  • Kagame attributes Rwanda’s remarkable progress to accountability #rwanda #RwOT

    Addressing journalists on Saturday, July 13 2024 after his last campaign rally, the RPF Inkotanyi presidential candidate noted that his administration has efficiently used every penny of the country’s limited resources towards development in all sectors, including education, health, infrastructure, and agriculture.

    'We have made progress because we have concentrated on the real issues that matter to the people—that is, the people themselves. We have concentrated on what matters to them and what improves their lives. We have deployed every penny of our limited resources to just do that, whether it is in the area of education, health, infrastructure, or agriculture. There is self-food sufficiency,' President Kagame stated.

    He emphasized that his administration had put in place elaborate mechanisms to prevent the wastage and theft of public funds, unlike many other countries where corruption is rampant.

    'In many places, it (money) is stolen from the treasury; by the time it is supposed to be used, maybe half of it is pocketed by some individuals. So it gets lost through various means.

    'We make sure we fight corruption alongside everything else we are doing. And we are committed to doing it, and we are not apologetic about ensuring that we hold ourselves accountable. That is important.'

    He pledged to continue the RPF administration’s development agenda if re-elected in the Monday polls by prioritising the security and economic stability of the country.

    During the last day of the campaign, the RPF flag bearer implored the electorate to strive with a singular mission to continue the country’s development agenda without being distracted by naysayers.

    'I encourage and assure you that you shall be what you want to be, not how others want you to be. Ignore their ill-fated words because they don’t kill. Poverty kills, insecurity kills, ignorance kills but words don’t kill,' he said.

    'As the government, we have made the right priorities by concentrating on what matters most to the people. Your large numbers here today are testimony to this. I have seen throughout the campaigns that you are a people living for a purpose,' he added.

    The Head of State had back in April indicated that Rwanda will be five times better if the current momentum of social and economic development is maintained.

    President Kagame said that the country had defied the odds to record tremendous growth over the last 30 years, when the country was derailed by the Genocide against the Tutsi.

    'In the next 30 years we will continue making progress and be where others are even though some of them take it for granted. We see developed countries, why can’t Rwanda or Africa develop to that level or even beyond,' Kagame reasoned.

    He highlighted that with the right politics in the country and the region, Rwanda will be far much better than its current state.

    “The Rwanda of the next 30 years should maybe be three, four, or five times better than what you are seeing now. The next three decades should bring even more development because we are not coming from the grave; this time we are coming from some level of progress,” he added.

    RPF Inkotanyi presidential candidate Paul Kagame noted that his administration has efficiently used every penny of the country’s limited resources towards development in all sectors, including education, health, infrastructure, and agriculture.

    Wycliffe Nyamasege

    Source : https://en.igihe.com/politics-48/article/kagame-attributes-rwanda-s-remarkable-progress-to-accountability

  • Lessons from Rwanda’s peaceful election campaigns #rwanda #RwOT

    I had the opportunity to follow the campaigns of the candidates during the 22-day campaign period gazetted by the National Electoral Commission (NEC), and the rallies were starkly different from my experiences back home in Kenya, the region, and beyond.

    Since the campaigns started, I did not see a single billboard or poster painted on walls and buildings in my neighbourhood or the city appealing for votes. But this did not make the campaigns any less colourful, vibrant, or exhilarating.

    The candidates and individual parties invested heavily in branding to stand out among the crowded field through merchandise like T-shirts, hoodies, caps, and handheld flyers and portraits.

    RPF Inkotanyi presidential candidate Paul Kagame campaigns in Kicukiro District.

    Rallies were not theatres for bitter exchanges between rival camps as the politicians campaigned with decorum.

    Unlike what we are used to in other countries, where politicians make emotional appeals for votes, campaigns for the RPF Inkotanyi presidential flag bearer Paul Kagame, who is seeking re-election in the July 15 polls, were different.

    The colourful rallies were more like celebrations, dominated by songs and dances with the president focusing more on telling the people about the country’s history and how to jealously guard the gains made over the last 30 years, when the country was derailed by the Genocide against the Tutsi.

    Kagame’s challengers, Democratic Green Party candidate Frank Habineza and independent candidate Philippe Mpayimana, were equally tolerant and focused their campaigns on selling their manifesto to the electorate rather than demonizing their opponents.

    Democratic Green Party of Rwanda chairman and presidential candidate, Frank Habineza, arrives at the Kigabiro campaign site in Rwamagana District on July 13, 2024.

    Political hostility, characterized by intense antagonism, animosity, or aggression between rival individuals, groups, or parties during campaigns in neighbouring countries and even in the ongoing US election campaigns, has not been experienced in Rwanda.

    Candidates had the opportunity to peacefully promote their political ideologies in different parts of the country without being booed or forced to cut short their speeches on what is perceived as strongholds of their political rivals.

    PSD Party Secretary General Jean Chrysostome Ngabitsinze at a past rally. PSD is among eight parties in a coalition with President Paul Kagame’s RPF.

    Cases of barbaric acts such as chaos, sponsored or not, which are common elsewhere, were not reported during the campaign period. This deserves applause from all of us who value democracy in the region.

    The violence, witnessed during the electioneering period have in the past claimed many lives in Uganda, Kenya, Tanzania, the Democratic Republic of Congo, Burundi, and several other countries in our continent.

    Fifty-four people were killed in violent protests in Uganda in November 2020, just two months before the elections. Some of the victims were among a group of protesters condemning the arrest of opposition politician Robert Kyagulanyi, alias Bobi Wine, as he prepared to hold a campaign rally in Luuka, Eastern Uganda. During the confrontation, police opened fire on the protesters, and dozens of other innocent bystanders were killed by stray bullets.

    In Kenya, hundreds of deaths have also been reported in past elections, with some linked to violent confrontations between rival camps.

    Except for 2002, all general elections in Kenya since the country returned to multi-party politics three decades ago have been marred by violence. At least 1,500 people lost their lives during the 2007-2008 Post-election Violence.

    However, the 2022 general election was much more peaceful, except for pockets of violence reported after the announcement of the presidential election results.

    In Burundi, widespread violence were also reported ahead of the 2020 general election with the main National Congress for Liberty accusing the government of arbitrary arrests of more than 600 of its members.

    While the causes of the violence remain debatable, there is a growing consensus that no one deserves to lose their lives during elections in the continent as human life is sacrosanct.

    In Rwanda, the peace and tranquillity experienced during the campaign period are attributed to a unique governance architecture based on the country’s painful history.

    This unique context, which takes into consideration the ethnic animosity that led to the killing of more than a million people by the extremist Hutu-led government, has demystified the heated and aggressive campaigns experienced in many other democracies.

    Unlike what we are used to in other countries, where politicians make emotional appeals for votes, campaigns for the RPF Inkotanyi presidential flag bearer Paul Kagame, who is seeking re-election in the July 15 polls, were different.

    Liberal Party supporters during a rally in Bugesera District. The party is among eight others that have endorsed RPF Inkotanyi flag bearer Paul Kagame for president.

    Wycliffe Nyamasege

    Source : https://en.igihe.com/opinion/article/lessons-from-rwanda-s-peaceful-election-campaigns

  • The Final Countdown: Closing the chapter on election campaigns #rwanda #RwOT

    The campaigns have showcased several unique and notable characteristics that reflect the country’s political culture, democratic maturity, and commitment to development.

    Overall, this season has provided a platform of diverse voices and visions for Rwanda’s future, emphasizing the importance of inclusive and participatory governance.

    Now that the campaign season has come to an end, the focus has shifted to ensuring a peaceful and transparent election, setting the stage for Rwanda’s next chapter in governance and development.

    As Rwandans look forward to a decisive election that will shape the trajectory of the nation, some key aspects and events have stood out.

    There has been diverse political participation by various political parties, including the Rwandan Patriotic Front (RPF-Inkotanyi), Democratic Green Party of Rwanda (DGPR), Social Democratic Party (PSD), and Liberal Party (PL) where each of them presented distinct platforms and visions for Rwanda’s future.

    Generally, the campaigns heavily emphasized ongoing and planned infrastructure projects, such as road construction, energy provision, and technological advancements. Candidates highlighted their commitment to continuing Rwanda’s rapid development trajectory.

    On the last day, Paul Kagame, the RPF-Inkotanyi flag bearer implored the electorate to strive with a singular mission to mainly continue the country’s development agenda without getting bothered by what other people say.

    'I encourage and assure you that you shall be what you want to be, not how others want you to be. Ignore their ill-fated words because they don’t kill. Poverty kills, insecurity kills, ignorance kills but words don’t kill,' he said.

    'As the government, we have made the right priorities by concentrating on what matters most to the people. Your large numbers here today are testimony to this. I have seen throughout the campaigns that you are a people living for a purpose,' he added.

    RPF, known for its significant role in ending the Genocide against the Tutsi in 1994, held its last campaign rally at Gahanga in Kicukiro district.

    The Democratic Green Party of Rwanda is the main opposition party.

    Throughout the campaign, its flag bearer and presidential hopeful Dr Frank Habineza, focused on promoting environmental sustainability, social justice, and several other political reforms

    The Social Democratic Party (PSD) and Liberal Party (PL) joined six other parties to form a coalition and support the RPF candidate for the position of President.

    However, in a bid to vie for parliamentary positions, both parties campaigned on platforms of economic growth, social equity, and enhanced democratic practices.

    On July 13, 2024, when the official campaigns ended, Dr Vincent Biruta, the leader of PSD said that the decision to support RPF was taken after consultative discussions with the electorate.

    'Our position to support RPF was informed by Rwandans who have shown us that they love their president, we also have to accept and support their choice. We are confident that we shall win together,' he said.

    On the last day, Paul Kagame, the RPF-Inkotanyi flag bearer implored the electorate to strive with a singular mission to mainly continue the country’s development agenda without getting bothered by what other people say.

    Sam K Nkurunziza

    Source : https://en.igihe.com/politics-48/article/the-final-countdown-closing-the-chapter-on-election-campaigns

  • We chose to live as we want – Kagame on critics of Rwanda’s democracy #rwanda #RwOT

    During a campaign rally that concluded at the Gahanga site in Kicukiro District on July 13, 2024, Kagame told Rwandans that the achievements of the past 30 years were the result of collective efforts.

    The rally was attended by thousands, mostly members of RPF Inkotanyi. Kagame highlighted that the high turnout at various campaign sites was a sign of Rwanda’s resilience and recovery.

    He said, “I am very grateful for how many of you came, but it’s not just the numbers; it’s a sign of numerous and significant achievements. Therefore, the 30-year journey we’ve traveled, and where we stand now, is truly a testament to Rwanda’s recovery, becoming a Rwanda for all Rwandans, united as one. To put it in a Rwandan proverb, what was once a trickle has become an ocean. The rest is a political achievement.”

    The RPF Inkotanyi candidate addressed foreigners from some countries who do not understand the high participation of Rwandans in such events. He said that if they truly knew Rwanda, they would not criticize its democracy.

    “That is why many do not understand, especially those outside, who are not Rwandans, when they speak of Rwanda. If you don’t know Rwanda, I can’t blame you. But if you want to talk about Rwanda, you should know it. In the past, Rwandans were united, not without differences, but when it came to being Rwandan, they were one. For many years, we were not united, but now we are one again.”

    Kagame explained that the turnout in the campaign activities symbolized the unity of Rwandans, a collective goal to build their country without leaving anyone behind. This is further reinforced by the eight political parties that joined RFP in supporting a single presidential candidate.

    To foreigners who don’t understand, Kagame explained that many come from countries with only two political parties that alternate in power but expect Africa to have countless parties.

    “Where all this comes from, they deceive us. Because there are countries with two parties that alternate in power, one staying in power for a long time until the other replaces it. But when it comes to Africa, to Rwanda, they tell us that there should be many parties without limit, while they have only two that alternate, sometimes combining into one with a common goal of harming other countries, often acting maliciously, not benevolently.”

    He explained that the RPF Inkotanyi’s broad support from Rwandans reflects their choice to live according to their own will, following a history of hardship before the past 30 years, and that no one else should determine their way of life.

    “The reason for this achievement is finding our solutions as Rwandans, reaching this point, making people feel that we have become what they did not want. But in this world, although it’s common, Rwanda chose to be as we want, not as someone else would dictate. This is not just my understanding, it’s not just RPF that understands this. It’s all of you, all of us, even those not in RPF.”

    “When they see you go to 17-18 places, each with no fewer than 200,000 people, reaching up to 500,000 or more like today, this cannot be fabricated unity, fabricated joy, fabricated numbers, unless you’re insane. But even if such fabrication exists, I always tell them, they tried and failed to get people!”

    The RPF Inkotanyi candidate highlighted that Rwanda’s development over the past 30 years is evident and cannot be fabricated, nor would it serve any purpose to do so. “What others say about us, don’t let it distract you. It doesn’t kill, poverty kills, insecurity kills, bad politics kills. But bad-mouthing doesn’t kill. Instead, those involved in bad-mouthing us are the ones killed by sadness. What can I say! Moreover, those people are very few, they are ignorant. What they don’t know, what they should know, is that for the past 30 years until today, the more they do these things to us, the stronger we become!”

    Rwandans living abroad will vote on July 14, 2024. Those in Rwanda will vote on July 15, starting at 7 AM until 3 PM, as disclosed by the National Electoral Commission.

    During a campaign rally that concluded at the Gahanga site in Kicukiro District on July 13, 2024, Kagame told Rwandans that the achievements of the past 30 years were the result of everyone’s efforts.

    The rally in Kicukiro was attended by thousands, mostly members of RPF Inkotanyi.

    IGIHE

    Source : https://en.igihe.com/politics-48/article/we-chose-to-live-as-we-want-kagame-on-critics-of-rwanda-s-democracy

  • Kenya to open market for duty-free EU imports after trade deal takes effect #rwanda #RwOT

    Kenya and the European Union have enforced a trade deal after a decade of negotiations, opening up the domestic market for tax-free goods from the 27-country bloc after 25 years.

    EU-Kenya Economic Partnership Agreement (EPA), which preserves unrestricted access of Kenyan goods to the European bloc except for arms, came into force on Monday, Kenya's Cabinet Secretary for Investment, Trade and Industry Rebecca Miano announced.

    'The EU-Kenya EPA is one of the most ambitious agreements negotiated between the European Union and an African country in terms of promoting economic sustainability. It can serve as a template for other African countries, particularly those in Eastern Africa to adapt,' Ms Miano said in a statement.

    'The agreement includes trade, economic and development cooperation and a chapter on trade and sustainable development which covers provisions on labour issues, gender equality, forestry and environment and the fight against climate change.'

    The pact, the first trade agreement between the EU bloc and a developing country, ensures Kenya's largely agricultural produce such as vegetables, cut flowers, fruits, tea and coffee continue to enter the bloc duty-and quota-free.

    Nairobi, on the other hand, has committed to gradually lower duty on imports from Europe within 25 years after which trade will be liberalised.

    This means no duty will apply for goods from Europe such as machinery as well as mineral and chemical products, while investments from the EU will also be incentivised.

    The EPA deal, however, has a protectionist clause which bars the EU from applying blanket subsidies to agricultural exports to Kenya in the absence of a deepened policy dialogue with Nairobi. This clause is aimed at safeguarding agriculture and food security in Kenya against unfair competition from the EU.

    Trade between the two parties favours the EU, which sold goods worth Ksh223.12 billion ($1.7 billion) to Kenya, while importing Ksh150.08 billion ($1.2 billion).

    The enforcement of the EU-Kenya EPA comes after approval from the European Parliament on February 29, paving the way for heads of State and government to complete the ratification process.

    Some 366 EU lawmakers voted in favour of the deal with 86 members rejecting it, while 56 members abstained.

    Kenyan lawmakers also approved the document for it to become enforceable.

    The document is largely a modification of the text in the stalled EU-East African Community pact, which was first agreed in October 2014 subject to approval by respective parliaments. The major change is the inclusion of clauses around climate change.

    The implementation of the EU-EAC treaty, which Kenya endorsed in 2016, had stalled after the other EAC countries rejected it.

    Rwanda signed but did not ratify, while Tanzania and Uganda refused to approve the pact for various economic and political interests, including the fear of European goods flooding the market.

    Unlike Kenya, which is a lower middle-income country, the other EAC countries are shielded from higher tariffs on exports under the 'everything but arms' trade arrangement for least-developed countries.

    This is provided for under the World Trade Organisation's (WTO's) Special and Differential Treatment (S&D) because they are the least-developed countries (LDCs).

    The refusal to cooperate by EAC peers prompted Nairobi to enter into a temporary special arrangement with the EU, which has allowed Kenya's exports to continue accessing the EU markets duty- and quota-free.

    The EAC Heads of State Summit in February 2021, however, allowed partner members to sign bilateral trade deals on condition that they leave room for other EAC countries to join in future.

    Kenya and the EU have utilised this window to re-engage on the pact, leaving the door open for other EAC member States to join when they choose to.

    This culminated in the signing of the new document last December subject to ratification by respective parliaments.

    The post Kenya to open market for duty-free EU imports after trade deal takes effect appeared first on The Custom Reports.

    Source : https://thecustomreports.com/kenya-to-open-market-for-duty-free-eu-imports-after-trade-deal-takes-effect/

  • Turkey mediating Somalia-Ethiopia talks on port deal -officials #rwanda #RwOT

    Turkey has begun mediating talks between Somalia and Ethiopia over a port deal Addis Ababa signed with the breakaway region of Somaliland earlier this year, according to four officials familiar with the matter.

    The negotiations are the latest attempt to mend diplomatic ties between the East African neighbours, whose relationship soured in January when Ethiopia agreed to lease 20km of coastline from Somaliland, in exchange for recognition of its independence.

    Mogadishu called the agreement illegal and retaliated by expelling the Ethiopian ambassador and threatening to kick out thousands of Ethiopian troops stationed in the country helping battle Islamist insurgents.

    Spokespeople for the Somali government, Turkey's foreign ministry, and Ethiopia's foreign ministry, government and intelligence service did not immediately respond to requests for comment.

    A spokesperson for Somaliland, which has struggled to gain international recognition despite governing itself and enjoying comparative peace and stability since declaring independence in 1991, said it was not involved in the talks.

    The goal of the negotiation was unclear, and expectations of a resolution were low, two of the officials said.

    'Despite rumours that Somalia has softened its stance on refusing to engage in dialogue until Ethiopia withdraws the (agreement), it seems unlikely,' one of the officials said.

    'I don't see a way forward, and I don't expect much will come from these talks.'

    Turkey has become a close ally of the Somali government since President Recep Tayyip Erdogan first visited Mogadishu in 2011, training its security forces and supplying development assistance.

    The two nations signed a defence pact in February under which Ankara will provide maritime security support to Somalia to help the African country defend its territorial waters.

    Turkey has built schools, hospitals and infrastructure and provided scholarships for Somalis to study in Turkey, and in return secured a foothold in Africa and on a key global shipping route.

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    Source : https://thecustomreports.com/turkey-mediating-somalia-ethiopia-talks-on-port-deal-officials/