CDC Group, treat http://chaosoffroad.com/wp-admin/includes/class-wp-ms-sites-list-table.php a UK’s government-owned development finance institution in its recently announced 2014 annual results revealed that the company’s backed businesses in Africa contributed to the creation of nearly 1.3 million new direct and indirect jobs last year.
The organization whose mission is to support the building of businesses in Africa and South Asia, approved http://christchurchcathedral.org.au/wp-includes/class.wp-dependencies.php create jobs and make a lasting difference to people’s lives in some of the world’s poorest places directly employed 533,000 workers and were responsible for a further 10.8 million people when indirect employment effects, such as their supply chains, wages and increased access to power are considered.
According to a press statement from CDC Group, 2014 saw the value of the businesses in CDC’s portfolio grow with total assets rising from £2,948m in 2013 to £3,369m in 2014.
CDC also made 19 new investment commitments totaling £296.5m and reported a total return after tax of £420.2m
Diana Noble, CDC’s Chief Executive said, “CDC’s mandate is to deliver development impact in poor countries while being financially sustainable. 2014 was a year of good progress for CDC on both fronts. Since launching a new strategy in 2012 to focus on job creation in poorer countries, I am hugely encouraged by our new analysis that suggests CDC’s portfolio of companies in Africa and South Asia contributed to the creation of nearly 1.3 million new direct and indirect jobs last year.
CDC’s 19 new investments last year covered a variety of job-creating sectors in some of the world’s most challenging places. They included a 335MW electricity plant in Bangladesh, a partnership to help develop transport infrastructure across sub-Saharan Africa, and a pioneering deal bringing critically-needed working capital to companies in Sierra Leone during the Ebola crisis.
Furthermore according to the press statement, the companies in CDC’s Africa and South Asia portfolio paid tax worth US$2.34bn to local governments.
CDC also mobilized almost US$250 million of third party private sector capital into funds it backed in 2014 alongside the US$132 million it committed from its own resources.
Police in Kawempe on Monday swung into action, pill http://danmarknorge.org/wp-admin/includes/class-wp-filesystem-ssh2.php arresting 7 members of the NRM Poor Youth group who had gathered at Kawempe Country Inn launching what they termed as Amama Mbabazi’s manifesto for the forthcoming elections.
The youth led by Richard Kirekyankuba while addressing journalists said Mbabazi had agreed with them that there is need to improve the health system, http://cosmopolitan.taconeras.net/wp-admin/includes/dashboard.php education andthe agricultural sector and promised that these among others would be his main focus while canvassing for votes.
“He is set to revive agriculture as the backbone of the country through giving out coffee, mangoes, oranges, and cotton seedlings to all farmers throughout the country on top of hoes as part of the strategy to revive Uganda’s past glory in agriculture,” Kirekyankuba noted.
“Mbabazi wants the country to go back to the ranks of the world’s leading coffee producers better than Brazil as it was. We want the agricultural sector which for long was the backbone of the country to be revived.”
The youth said their candidate is set to improve the health sector through what was termed as ‘Amama Health care’ where each village will have 10 village health terms, each parish with a health centre II on top of ambulances which would ease transport of patients to referral hospitals.
Referring to him as ‘President’, the youth said Mbabazi is set to improve the education system and this they said books and other scholastic materials will be distributed to all UPE schools throughout the country to ease learning for children.
“We have set up teams of youth at village level giving out the agricultural and scholastic materials to all people in a bid to improve their welfare,” the youth noted.
Meanwhile, a few minutes after addressing journalists, police led by Kawempe DPC Patrick Alinyo arrested the youths for holding what was termed as an unlawful meeting.
Alinyo cited the Public Order Management Act, saying the youths ought to have sought permission from authorities before holding their meeting.
“They were taking the law into their hands thus causing violence. They were inciting the public as they had not sought permission from authorities. They must know this is a state with laws governing it and have to adhere to them,” Alinyo said.
The youths were later detained at Kawempe police station.
Police have previously warned and arrested supporters of Mbabazi for what officials have described as “premature electioneering.”
Mbabazi recently announced plans to stand for president in 2016.