Archive for May 22, 2013

AROUND AFRICA: Aid for Great Lakes Region, Investment in Sudan

Great Lakes Funding

The World Bank announced today (May 22) that it will pledge $1 billion in development funding for the Great Lakes Region of Africa.

Africa Great Lakes Region

Africa Great Lakes Region

Jim Yong Kim, the bank’s president, said the proposed funding would help finance health and education services, hydro-electric projects and cross-border trade in the strife-torn region in Central Africa. The Great Lakes region has been destabilized by years of conflict in the Democratic Republic of Congo (DRC) which has spread to neighboring nations like Rwanda and Uganda. More than two million people have been displaced – just inside the DRC – since 2012, and another 70,000 people have fled the DRC for neighboring Rwanda and Uganda. Thousands more have crossed into the DRC from Angola, the Central African Republic and Burundi, according the United Nations High Commissioner for Refugees.

“We believe this can be a major contributor to a last peace in the Great Lakes region,” Kim said, according to the Aljazeera news service. The pledged money would spend $100 million to support agriculture and rural livelihoods for displaced people and refugees; another $340 million would go for an 80 megawatt joint hydro-electric project for Rwanda, Burundi and Tanzania; $165 million for roads in the DRC and $180 million for infrastructure improvements and border management along the Rwanda-DRC border. Additional funding would go to public health laboratories, fisheries and trade facilitation programs, according to the World Bank.

Kim announced the plan on the first day of a three-day trip to the region with U.N. Secretary General Ban Ki-moon to support a landmark peace agreement for the DRC and the surrounding region.

But the optimism was marred by fighting between the DRC’s army and fighters from the M23 rebel group near the eastern city of Goma on the Rwandan border. At least 19 people have been killed in the last week. More civilians were killed in rocket and artillery fire Wednesday during the third day of  fighting between Congo’s army and the rebels, according to the Voice of America.

Lebanese Firm to Farm Sudan

A Lebanese investment firm plans to spend as much as $800 million on farmland in Sudan to produce animal feed for sale in Saudi Arabia, Reuters reports.

CIA World Factbook

CIA World Factbook

Beirut-based GLB Invests isn’t the first Arab firm to launch farmland and livestock projects in Sudan, where the farmland is water by the Nile River. The idea is to provide Gulf oil-producing countries with a way to meet foods needs in the arid lands.

Firas Badra, president of GLB Invest, told Reuters that the firm had leased 78,000 hectares (192,000 acres) of land 130 kilometers (80 miles) north of Khartoum to produce and export 40,000 tons of animal feed annually.

 He said the company was starting out with a goal of producing 40,000 tons temporarily but the land will produce a maximum of 750,000 tons by 2019.

May 22, 2013 at 11:29 pm Leave a comment


May 2013


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