H.E. Dr. Rania A. Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, received Chairman of the Central Agency for Public Mobilization and Statistics (CAPMAS), Major General Khairat Barakat, to discuss the agency’s work files and its efforts in developing Egypt’s statistical system. The meeting also aimed to review various aspects of the agency’s work, including censuses, surveys conducted, as well as the data and statistics provided to cover all economic and social activities.

During the meeting, H.E. Al-Mashat emphasized the leading role of the CAPMAS in promoting statistical awareness in Egypt. Al-Mashat underscored the importance of statistics and data as fundamental elements in decision-making, especially those related to development, given that policymakers and planners rely on available data to understand realities and optimize resource utilization.

H.E. Minister Al-Mashat highlighted the significance of the statistics and data provided by the agency, which cover all economic, social, demographic, and environmental activities. H.E. Dr. Rania Al-Mashat stressed the importance of making such data accessible to decision-makers, researchers, and the general public, in line with professional principles, international standards, and norms.

The meeting also addressed ongoing efforts to enhance the agency’s information and digital infrastructure, and to ensure that the agency’s personnel are qualified to handle databases and keep pace with developments in digital transformation and artificial intelligence.

Moreover, the meeting reviewed mechanisms to develop the statistical system to address data gaps, promote the use of statistics in national policies, planning processes, budget preparation, and performance indicators. It also emphasized the production of information that meets user needs and making it available in suitable formats. Additionally, it discussed integrating multiple sectors into the national statistical system and developing a capacity-building action plan.

Distributed by APO Group on behalf of Ministry of Planning and Economic Development – Egypt.

On 21 July 2024, H.E. Mr. Russ Jalichandra, Vice Minister for Foreign Affairs met with H.E. Amb. Ismail Khairat, Assistant Minister of Foreign Affairs for Consular Affairs and Egyptian Expatriates, and H.E. Amb. Ahmed Shaheen, Assistant Minister of Foreign Affairs for Asia-Pacific, Australia and New Zealand Affairs, at the Ministry of Foreign Affairs of Egypt, discussing the Israel-Hamas situation and seeking support for negotiation on the release of 6 Thai hostages held in Gaza.

Both sides also discussed about means to promote further cooperation on the ocassion of 70th anniversary of diplomatic relations this year, for instance, the exchange of visit at various levels, the expansion of trade and investment, tourism, education, and the possibility to jointly organize cultural week.

The Egyptian side expressed appreciation to the Thai side’s warm hospitality during the visit to Thailand of the Grand Imam of Egypt earlier in July, which reflected the strong relations between the two countries. The Vice Minister also expressed his appreciation to the Egyptian side for scholarships granted to the Thai students to study in Egypt for the past several years, as well as agreed with the Egyptian side to push for mechanisms to propel cooperation, e.g. the 3rd Joint Commission and the Political Consultation meetings. The Egypt side also agreed to consider the agreement to waive visa on diplomatic passport, and also to consider the support Thailand’ s application to BRICS membership.

Distributed by APO Group on behalf of Ministry of Foreign Affairs of the Kingdom of Thailand.

The Government of the Republic of Seychelles wishes to inform that Mr. Vincent Meriton, former Vice President of the Republic of Seychelles, has decided not to proceed with his candidature to the position of Chairperson of the African Union Commission (AUC) at the elections to be held during the 38th Ordinary Session of the Assembly (Summit) of the African Union in February 2025, due to arising health concerns.

The Seychelles Government has thanked Mr. Meriton for endeavouring to take on the responsibility of leading the African Union Commission and feels that Mr Meriton would have been able to contribute to the transformative reforms to propel the Commission forward, had he been successful in his candidature.

Distributed by APO Group on behalf of Ministry of Foreign Affairs and Tourism – Foreign Affairs Department, Republic of Seychelles.

Impact Investors Foundation (IIF) (https://ImpactInvestorsFoundation.org) is proud to announce the appointment of Kuramo Capital Management as the official fund manager for the Nigeria Wholesale Impact Investment Fund (WIIF). This strategic partnership marks a significant milestone in Nigeria’s journey towards sustainable development and impactful investment.

Kuramo Capital Management, a leading investment firm with a strong track record in managing assets across Africa, will leverage its expertise to drive the WIIF’s mission of fostering social and environmental impact alongside financial returns. The fund aims to address critical issues such as poverty alleviation, job creation, and sustainable economic growth through targeted investments in key sectors including agriculture, renewable energy, healthcare, and education.

“We are delighted to partner with Kuramo Capital Management, a firm that shares our vision of harnessing the power of capital for good,” said Ms Etemore Glover, CEO of IIF. “With Kuramo’s expertise and commitment to impact, we are confident that the WIIF will drive significant positive change and contribute to the sustainable development of Nigeria while achieving market risk-adjusted return to investors.”

“We are honoured to be entrusted with the management of the WIIF,” said Mr. Wale Adeosun, Founder and CEO of Kuramo Capital Management. “Our team is dedicated to achieving the fund’s objectives and delivering both financial returns and measurable social impact. We look forward to working closely with all stakeholders to realize the full potential of this transformative initiative.”

The structuring of the Nigeria Wholesale Impact Investment Fund is set to commence under the management of Kuramo Capital Management immediately, with a first close of $100 million. This collaboration is expected to catalyze further interest and participation in the impact investment space within Nigeria and Africa.

Distributed by APO Group on behalf of Impact Investors Foundation.

Contact Information:
Chukwuemeka Ezechukwu
WIIF Programme Manager
Impact Investors Foundation
Email: cezechukwu@impactinvestorsfoundation.org
Mobile: +2347036436974

About Kuramo Capital Management:
Kuramo Capital Management is a leading independent multi-asset class fund manager focused on delivering superior risk-adjusted returns and impact through investments in Africa. The company was founded in 2010 with its headquarters in New York City and has two subsidiaries, Kuramo Capital Limited in Nigeria and Kuramo Capital Kenya Limited in Kenya. Since inception, Kuramo has made a strong impact in Africa by catalyzing $3.5 billion to African private equity firms and businesses anchoring 15+ PE funds and supporting 21 PE funds. The firm has supported over 350,000 jobs, investing in over 130 companies directly and indirectly, and impacting over 500,000 lives.

About Impact Investors Foundation (IIF):
The Impact Investors’ Foundation (IIF) is a non-profit organization established in 2019 to accelerate the growth and excellence of impact investing in Nigeria. Since its establishment, IIF has been playing a leading role in the impact investing ecosystem in Nigeria by convening stakeholders in government, private and social sectors to work together to advance its growth. In furtherance of its effort to deepen the growth of the impact investing market, the IIF led the establishment of the Nigerian National Advisory Board for Impact Investing (NABII) in 2020. Its role is to lead the design and implementation of a national strategy that addresses barriers inhibiting the growth of impact investing while unlocking opportunities for more impactful investments.