South Africa to chair new African tax forum

The Commissioner for the South African Revenue Service (SARS), Mr Oupa Magashula, was elected unanimously today as the chairperson of the African Tax Administration Forum (ATAF) at its inaugural conference in Kampala, Uganda.

The conference also unanimously voted for South Africa to host the secretariat of the new African tax body. ATAFs goal is to become the central platform for African tax administrators to articulate African tax priorities, develop and share best practices in the region and further abroad, and build capacity in African tax policy and administration.

Mr Magashula will head up a 10 member general council comprising of the heads of tax administrations of the elected countries. The council was elected by the 28 members of ATAF. Each of the five geographical regions of Africa (north, south, east, west and central) elected a regional representative. The remaining four positions on the general council were filled by a majority vote by ATAF members.

The regional members of the general council are:

* South: Botswana

* East: Rwanda

* West: Nigeria

* Central: Gabon

The northern region, comprising Morocco, Chad, Sudan, Egypt and Mauritania requested to postpone the election of a representative from that region.

The four other members who were voted onto the council are: Senegal, Ghana, Kenya and Zimbabwe.

I am both humbled by your vote of confidence and excited about the challenges and opportunities before us. I would also like to congratulate the members of the first ATAF Council on their appointment, Mr Magashula said.

He said it was appropriate to remind delegates again of ATAFs objectives of improving the performance of tax administration in Africa so that they can more effectively mobilise domestic resources.

This forum will allow us to pursue stronger cooperation and build a united approach in the field of tax policy and revenue realisation among African countries, he said.

The countries of Africa should join hands and overcome the challenges of language, diversity and culture to build effective and efficient tax administrations that can contribute to the development of the continent. This would help contribute to economic growth and increase the accountability of the state to its citizens, he added.

28 African countries have already signed up for membership. Mr Magashula said that though this is an impressive number for a new organisation ATAF wanted more African countries to join.

I urge each and every one of you here today, to speak to your African partners that have yet to commit to ATAF, in order for this organisation to be truly representative and become the central platform for African administrators to discuss and develop tax priorities and policy on the African continent, he said.

The 28 members of ATAF are: Botswana, Benin, Cameroon, Coite dIvoire, Chad, Egypt, Eritrea, Ghana, Gabon, Kenya, Malawi, Mauritania, Mauritius, Morocco, Namibia, Nigeria, Niger, Lesotho, Liberia, Rwanda, Sierra Leone, South Africa, Sudan, Tanzania, The Gambia, Uganda, Zambia, and Zimbabwe.

Background Information about ATAF

The idea of establishing ATAF is the result of deliberations at a conference attended by African tax commissioners from 30 countries and representatives of international organisations and donors who met in Pretoria, South Africa in August 2008 to discuss taxation, state building and capacity development. During deliberations at the Pretoria conference it became clear that a new way of thinking about tax collection in Africa was required.

Delegates increasingly became aware of the need to think beyond tax collection as a purely technical or administrative exercise, and rather to understand that the broader role of domestic resource mobilisation is support of social and economic development. In addition delegates realised that the efficient and effective administration of tax collection had wide-ranging political significance in entrenching accountability, promoting democratic governance and state building as it focuses on the relationship between the taxpayer and the government.

The conference mandated a steering group of seven countries (Botswana, Cameroon, Nigeria, Ghana, Rwanda, South Africa and Uganda) to work towards the establishment of the forum. In the build-up to the launch, several ATAF technical events have been held and projects begun in collaboration with ATAFs development partners, including the African Development Bank (ADB), the Organisation for Economic Cooperation and Development (OECD), the German Agency for Technical Cooperation (GTZ) and the International Tax Dialogue (ITD).

Membership of ATAF is open to tax administrations of all African states who commit to ATAFs objectives and who pay an annual membership fee.

Information about Mr Magashula

Mr Magashula joined SARS in January 2006 as the general manager: corporate services. He was appointed deputy commissioner in April 2009, became commissioner for SARS in September 2009.

Issued by: South African Revenue Service

19 November 2009

Source: South African Revenue Service (http://www.sars.gov.za/)
South Africa

Peace Corps Mourns the Loss of Volunteer So-Youn Kim

“So-Youn was an exemplary volunteer, passionate about public service and creating programs that benefited communities from the Bay Area to Morocco,” said Director Williams. “She was a tireless advocate, a remarkable writer, a voracious reader and talented in many languages. My thoughts are with her friends and family who join me in mourning a respected member of the Peace Corps family.”

Ms. Kim of San Francisco was 23 years old. She graduated from Stanford University in 2007 and began her Peace Corps service in September 2008. Ms. Kim served as a youth development volunteer in Tamagourte, a small village within the Errachidia province in the Meknès-Tafilalet region of Morocco. Ms. Kim’s primary assignment was serving in a youth center where she was involved in a wide range of activities in her dual role as English teacher and youth development worker.

In addition to her primary assignment, Ms. Kim sought out additional activities focused on helping the pottery cooperative in Tamagourte and developing an apprenticeship program. She loved to teach children, support the cooperative and respect the historic craft that is so firmly rooted in that region of Morocco.

In September of 2008, Ms. Kim submitted a thoughtful and hopeful Peace Corps aspiration statement. She described her outlook on her service project, and wrote, “Youth development work is effective when young people are taught to become educated, empowered, and responsible members of their communities while being given space to explore and share the challenges of their own individual identities.” This is an ethos and passion Ms. Kim brought with her to Morocco.

The Peace Corps community will hold a memorial service for Ms. Kim on Saturday, November 21 in Morocco.

ABOUT PEACE CORPS/MOROCCO

Since 1963, over 4,315 Peace Corps volunteers have served in Morocco. Peace Corps/Morocco Volunteers are assigned to projects in four primary areas: youth development, health, environment, and small business development. Currently, 254 Peace Corps Volunteers are serving in Morocco.

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Source: Media Newswire

Green energy on rise across Africa but still lags behind other regions – UN

More green energy and climate-friendly projects target Africa than ever before, but the numbers still lag behind Asia and Latin America, the United Nations Environment Programme (UNEP) announced today.

The projects, from renewable energies to tree planting, are part of the Clean Development Mechanism (CDM) of the Kyoto Protocol – the global emissions reduction treaty. They allow developed countries to reduce emissions and meet global warming commitments by investing in carbon reduction projects in developing countries.

A total of 112 CDM Africa projects, worth a total of Euros 212 million a year, are at “validation, requesting registration or registered,” UNEP said, noting that this is up from 78 projects in 2008 and just two in 2004.

Around 80 per cent of the projects are in sub-Saharan Africa, with 28 projects underway or planned in South Africa, followed by 14 in Kenya. In North Africa, Egypt has 13 projects, followed by Morocco with 10.

The projects include two large solar water heating projects in South Africa, the promotion of energy efficient light bulbs in rural Senegal and a municipal waste-composting project in Uganda.

Experts say the latest figures underline the importance of Africa’s Governments pressing for reform in the weeks before the UN Climate Change Convention meeting in Copenhagen from 7 to 18 December.

At the same time, they noted that while the figures are cause for optimism, they also underline how few projects are currently flowing into Africa when compared with several other parts of the world.

Globally, there are over 4,730 CDM projects operating or close to approval. The lion’s share is in Asia and the Pacific with a total of just over 3,700 projects, followed by Latin America and the Caribbean with close to 820.

These issues will be part of the agenda at the Green Electricity Conference organized by UNEP, the Kenyan Government and the French development agency AFD in Nairobi on 23 and 24 November.

Citi Qatar Introduces Interactive Derivatives Workshop

Hedge strategy training appeals to Qatar’s treasury officers.
Doha, Qatar – Citi Qatar recently held a two-day derivatives workshop, which presented various hedging strategies in the face of financial risk scenarios that threaten today’s corporate world.
Led by Michal Kowalczuk, Head of Citi’s FX Options Structuring in CEEMEA, the seminar featured more than 20 of Qatar’s top-tier treasury, finance and investment officers from Qatar’s Public Sector, in addition to delegates representing telecom, auto, trade, infrastructure, oil & petrochemicals, and finance sectors, along with Citi officials.
Participants formed virtual companies, each determining best hedging strategy in the face of a specific financial risk. Each ‘company’ held a variety of foreign exchange, interest rate and commodities exposures, and opted for ‘positions’ fitting pre-determined risk appetite. A competition for best hedging strategy concluded the two day seminar.
Farhan Mahmood, CEO of Citi Qatar, said, Our aim here was to show finance professionals how to best use derivatives in a constructive and responsible manner and to dispel any myth that might have been formed around these key treasury tools.
The bank’s novel approach was well received by treasury, finance and investment officers of top local companies and financial institutions. Trainees learned about various hedging strategies and developed a more insightful understanding of today’s evolving financial risk in global capital markets. This and other focused training efforts are in line with Citi’s long-term strategy and commitment to developing local professional talent
Citi has been in the Arab World for nearly 50 years and continues to view the region as critical to its global franchise. It is currently present in ten Arab countries, including Egypt, UAE, Lebanon, Jordan, Tunisia, Morocco, Algeria, Bahrain, Qatar and Kuwait.

Source: WEBWIRE

Air Arabia offers exciting year-end packages for passengers across all 13 destinations in India

Rs 12,919/ fare includes roundtrip ticket to Sharjah and one-month UAE tourist visa; Valid for bookings made before 15th December 09 for travel to / from Sharjah till? 31st December 09

November 3, 2009 /India PRwire/ — Air Arabia, the first and largest low-cost carrier (LCC) in the Middle East and North Africa, announced today the launch of a special promotion from across the airline’s 13 destinations in India to the UAE. The offer includes roundtrip tickets to Sharjah, UAE along with a one-month UAE tourist visa, for just INR 12,919

The promotion includes a UAE tourist visa that is valid for 30 days from the date of entry, subject to approval from the General Directorate of Naturalization and Residence. This offer is inclusive of surcharges and exclusive of airport taxes. This special offer is valid for bookings made before 15th December 2009 for travel to/from Sharjah till 31st December 09.

These low fares come with the additional benefit of free baggage allowance of up to 30 kilos and a hand baggage allowance of 7 kilos.

“At Air Arabia, we have always laid emphasis on making travel as convenient as possible. This special low-fares promotion has been designed to include a one month UAE visa, making it even easier for our passengers to travel. This offer underscores our commitment to our passengers in India, said AK Nizar, Head of Commercial Department, Air Arabia.

Air Arabia flies directly from its hub in Sharjah to Bangalore, Ahmedabad, Chennai, Jaipur, Kochi, Mumbai, Nagpur, Coimbatore, Thiruvanathapuram, Hyderabad, Kozhikode, Delhi and Goa. This represents the most comprehensive destination network of any international airline in India, as Air Arabia continues to demonstrate its unmatched commitment to India.

New Airbus A320 aircraft, the best leg room of any economy class travel, free hotel and car assistance are just some of the benefits of flying Air Arabia. Air Arabia’s main base is Sharjah International Airport, ideally situated for customers to enjoy the benefits of quick access to Dubai, fast check-in processes, low congestion, friendly airport staff and convenient connection timings. Bookings can be easily made via the company’s website www.airarabia.com or appointed travel agents.

Source: Press release distribution via India PRwire

Notes to Editor

About Air Arabia

Air Arabia (PJSC), listed on the Dubai Financial Market, is the Middle East and North Africa’s leading low-cost carrier (LCC). Air Arabia commenced operations in October 2003 and currently operates a total fleet of 20 new Airbus A320 aircraft, serving 58 destinations from two hubs in the UAE and Morocco.

Air Arabia is an award-winning airline that focuses on offering comfort, reliability and value-for-money air travel. For further information, please visit: www.airarabia.com

For more information, please contact:

  • Dimpee Shah
  • Sr Executive
  • (L) 22047079, (M) 9820830457

Vivendi Announces Request for Proposal for Vivendi Create Joy Fund

Now in its second year, the Vivendi Create Joy Fund has supported over 20 projects in the United States, the United Kingdom, France and Africa in Morocco, Burkina Faso and Mali.

Housed within the Sustainable Development section of the corporate website, the newly launched Vivendi Create Joy website allows organizations to review objectives and criteria and to submit proposals. The site also highlights current and past partners and showcases beneficiaries of the initiative.

For more information or to submit a proposal, please visit createjoy.vivendi.com.

About the Vivendi Create Joy Fund

Since 2008, the Vivendi Create Joy Fund has supported over 20 NGOs in the United States, the United Kingdom, France and Africa. The Fund brings joy and opportunities through entertainment and communications to young people in need. See www.createjoy.vivendi.com

About Vivendi

A world leader in communications and entertainment, Vivendi controls Activision Blizzard (#1 in video games worldwide), Universal Music Group (#1 in music worldwide), SFR (#2 in mobile and fixed telecom in France), Maroc Telecom Group (#1 in mobile and fixed telecom in Morocco), Canal+ Group (#1 in pay-TV in France) and owns 20% of NBCU (leading U.S. media and entertainment group). In 2008, Vivendi achieved revenues of €25.4 billion and adjusted net income of €2.7 billion. With operations in 77 countries, the Group has about 43,000 employees. www.vivendi.com