OATF attracts 15 international exhibitors

This year’s Ongwediva Annual Trade Fair (OATF) has attracted 15 international exhibitors.

This was announced by Ongwediva Trade Society Chairperson, Rebekka Hidulika, during a media conference on Wednesday.

Hidulika indicated that the international exhibitors are from Tanzania, South Africa, Kenya and Indonesia.

“The international exhibitors are essential for networking to ensure they access the market not only during the trade fair, but beyond,” she said.

Moreover, she said they have a total of 455 local and international exhibitiors, an increase from 450 exhibitors last year.

The number of visitors to the trade fair has also increased, with over 50 000 people having visited the trade fair over the last five days.

The OATF started on 25 August and ends this Saturday.

Source: The Namibia Press Agency

Minister Khumbudzo Ntshavheni briefs media on outcomes of Cabinet meeting, 31 Aug

Minister Ntshavheni to brief media on outcomes of the cabinet meeting held on 30 August 2023

Minister in The Presidency, Khumbudzo Ntshavheni will brief media on the outcomes of the Cabinet meeting held on Wednesday, 30 August 2023.

Members of the media are invited to cover the media briefing as follows:

Date: Thursday, 31 August 2023

Time: 09h00

Venue: Ronnie Mamoepa Press Room, Ground Floor, Tshedimosetso House, Cnr Francis Baard and Festival Streets, Hatfield, Pretoria

Source: Government of South Africa

Decision Intelligence Leader Quantexa Awarded Google Cloud’s Industry Solution Technology Partner of the Year for Line of Business Processes

LONDON and NEW YORK, Aug. 29, 2023 (GLOBE NEWSWIRE) — Today, Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced that it has won the 2023 Google Cloud’s Industry Solution Technology Partner of the Year award for Line of Business Processes. The award comes after its Decision Intelligence Platform and solutions were made available on Google Cloud Marketplace in April 2023.

Quantexa is recognized for the strength of its line of business solutions. Their Line of Business Processes removes traditional manual data capture by connecting internal and external data and creating an accurate single view of customers. Quantexa’s advanced Line of Businesses processes capabilities were awarded in acknowledgement of the technologies ability to monitor KYC profiles and automate the detection and prioritization of real risk and opportunities.

Key capabilities included in Quantexa’s AI-enabled KYC solution are onboarding, remediation, enhanced due diligence (EDD), and perpetual KYC (pKYC). By deploying the solution, Google Cloud customers can focus their risk management efforts and facilitate trust with customers, leading to increased revenue generation. Plus, by gaining a true understanding of those they are doing business with joint customers will see benefits across the banking value chain, including improved financial crime, AML, and fraud detection.

Making the Quantexa Decision Intelligence Platform available via Google Cloud has given organizations in banking, insurance, telecommunications, and government agencies the ability to connect their data across siloed systems, making it simple for global enterprise customers to trust their data and augment and automate decision-making to protect, optimize, and grow their business.

Dan Higgins, Chief Product Officer at Quantexa: Together with Google Cloud, we’ve been able to bring cutting-edge compliance and risk technology solutions to the Cloud and give our joint customers flexible deployment options. This partnership is enabling IT and infrastructure teams to be more agile and support line-of-business leaders working in an ever-evolving risk landscape. The recognition by Google Cloud further highlights our achievements in enabling organizations to leverage Decision Intelligence to master customer and risk management.”

“Google Cloud’s partner awards recognize the significant impact and customer success that our partners have driven over the past year,” said Kevin Ichhpurani, Corporate Vice President, Global Ecosystem and Channels at Google Cloud. “We’re delighted to recognize Quantexa as a 2023 Google Cloud Partner Award winner and look forward to a continued strong partnership in support of our mutual customers.”

To learn more about how your organization can benefit from Quantexa’s KYC solution and other Decision Intelligence Platform capabilities, please visit: www.quantexa.com

Notes To Editors:

The award win comes ahead of Quantexa’s Global Insurance Roadshow with Accenture, Google Cloud and Quantexa in APAC, EMEA & North America. The events will educate insurers on how to leverage AI to create hyper-personalized customer experiences and will be hosted in the following cities and dates:

About Quantexa
Quantexa is a global data and analytics software company pioneering Decision Intelligence that empowers organisations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s Decision Intelligence platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than 650 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Toronto, Malaga, Brussels, Amsterdam, Dublin, Luxemburg, Singapore, Melbourne, Sydney, and Dubai. For more information, please visit www.quantexa.com or follow us on LinkedIn.

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The Commonwealth of Dominica Enhances Security and Management of the Citizenship by Investment Programme

Roseau, Aug. 29, 2023 (GLOBE NEWSWIRE) — The Commonwealth of Dominica has taken significant steps to bolster the security and management protocols for its Citizenship by Investment Programme, aimed at fortifying the integrity and longevity of the programme.

Dr. Roosevelt Skerrit, the Prime Minister of Dominica, has been collaborating closely with various stakeholders, including international consultants, to conduct a comprehensive audit of the investment migration programme. Building on an initial audit undertaken last year by a UK consulting firm, the government has been actively implementing new and improved processes through the Citizenship by Investment Unit.

During his recent Budget Speech, the Prime Minister unveiled plans to enlist a globally vetted management consulting firm to oversee the overall operations and management of the Citizenship by Investment Programme. While Dominica already boasts a proactive due diligence process, the government is committed to its further reinforcement, vowing “to leave no stone unturned to strengthen it.”

“We take this matter very seriously and will increase our efforts in showcasing our robust due diligence and risk mitigation efforts on all fronts.” the Prime Minister affirmed.

Over the past 18 months, the Government of Dominica has undertaken several measures to elevate the security of its investment migration programme.

A United States-based firm has already conducted anti-money laundering and counter-terrorism financing training for all Citizenship by Investment Unit staff as the Unit undergoes restructuring. The CBIU was restructured under the supervision of an expert compliance officer to ensure that all procedures were updated, quality control measures strictly followed, and all IT systems upgraded.

The government made a bold move at the start of the year, giving notice of its intent to revoke the citizenship of those who made false declarations or misrepresentations in their applications, particularly relating to previous visa rejections from countries with which Dominica has visa-free treaties.

Dominica has also introduced biometric travel documents and updated its naturalisation certificate, enhancing its security features.

Citizens of the Kurdistan region in Iraq, Russia and Belarus do not qualify for citizenship in Dominica as international security authorities have flagged the regions as high risk. Moreover, the government introduced legislation providing an enhanced due diligence fee for applicants from specific countries. This enhanced due diligence fee offers the government additional resources to thoroughly scrutinise applicants from these countries.

The country also issued regulations to restrict citizens from changing their names.

Dominica has distinguished itself as the first Caribbean country to implement mandatory interviews as part of the citizenship by investment application process – a requirement agreed upon with the United States at a roundtable earlier this year.

“We also devised a new rigorous risk assessment and hired firms from the United States and the United Kingdom to begin interviews with all CBI applicants,” Prime Minister Skerrit said in the Parliament.

In addition to international firms in the US and UK conducting due diligence checks, Dominica’s Financial Intelligence Unit will also assist with the due diligence process. This includes reporting rejected applicants to the JRCC monthly and permitting the JRCC to share that information with the other CBI jurisdictions in the OECS.

Dominica is leading discussions in the region to collaborate on safeguarding the citizenship by investment industry; and has taken measures to emphasise its dedication to cooperating with global stakeholders and enhance the due diligence process to reduce threats from illicit actors.

In addition to these recent changes, new risk mitigation actions include:

  • Thorough assessment and reduction of the number of agents and promoters of the country’s Citizenship by Investment Programme, who will be strictly monitored, along with developers, to ensure compliance with current regulations governing the advertisement of Dominica’s Citizenship by Investment Programme.
  • Strict enforcement of regulated citizenship fees to prevent any undercutting.
  • Strengthening of policies and legislation to maintain competitiveness and alignment with international best practices.

Dominica’s rigorous due diligence and vetting processes make it extremely difficult for any illicit individual to qualify for citizenship. Background checks occur on the ground where the applicant lives and works, via online databases and now in person.

The Prime Minister has reiterated that Dominica will maintain robust due diligence processes to ensure the country meets international standards and alleviates any security concerns.

“We have fresh impetus to go back and relook where we can do even better in giving our international counterparts confidence in our security measures – which are already some of the most robust in the world compared to other jurisdictions,” he said.

Secretary of Dominica Citizenship by Investment Programme
Commonwealth of Dominica
001 (767) 266 3919
[email protected]

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We will deliver millennium tower project in two years – Wike

The Minister of the Federal Capital Territory, Mr Nyesom Wike said on Monday, that the ministry will deliver the Millennium Tower project in the next two years.

Wike stated this in Abuja after a closed-door meeting with contractors handling different projects in the FCT.

The News Agency of Nigeria (NAN) reports that the Millennium Tower at Central Area, Abuja, is a multifunctional edifice with facilities for cultural exposition, tourism, socialisation, recreation, hospitality, and commercial activities.

The project is being handled by Salini Construction Nigeria Limited but was abandoned due to lack of funds.

He said that the tower was a very important project that would change the landscape of Abuja city.

“It is a very very ambitious project, but again if we are talking of Abuja being one of the best cities in the world, then we must have such a facility.

“I can tell you it is not easy to go into that project, but we have decided that whatever it takes, it is going to be one of the legacy projects for President Bola Tinubu.

“In fact, we are looking at the next two years, if the way we are going to structure our payment is agreeable with the contractor,” Wike said.

NAN reports that the project, conceived in 2005 had reached 40 per cent completion, and is expected to, upon completion, self-finance itself from revenues generated from all the commercial activities in the complex.

The scope of the project comprises a cultural centre with four museums, an expansive arcade consisting of 40,000m2 platform for hosting national and other events.

It also consists of a five-star hotel with 55 luxury rooms and nine suites for about 130 persons, offices, passive and active recreational facilities, 1200 capacity auditorium, conference rooms,

Others are exhibition halls, shops, a sport centre with an indoor pool, gyms, fitness, squash courts and a two-level 1,200 capacity basement car park.

The millennium tower itself is a 170-meter-tall structure accommodating a revolving panoramic restaurant for more than 130 diners.

The minister added that a careful analysis of all the awarded contracts with the contractors and his team have revealed that most of the projects were abandoned for lack of funds.

“The Minister of State, myself, the permanent secretary, and directors have concluded that it is not possible to carry on with the entire projects in the FCT.

“Therefore, we agreed to take them in order of priority. We have tried to work out most of the projects being handled by Julius Berger and agreed to see that these projects are fully completed,” he said.

Wike added that the Villa Roundabout being handled by China Geo-engineering Corporation (CGC) Nigeria Limited, would be completed in the next six to eight months.

He equally said that the ministry would ensure the completion of the projects being handled by Cetraco Nigeria Ltd, and also put a facelift on Garki, Wuse and part of Maitama in the next one week.

He said that the contractors would be mobilised immediately, adding that Asokoro would equally have a facelift in no distant time.

On the Abuja light rail rehabilitation project, the minister said that an agreement has been concluded with CCECC Nigeria Limited to give them their money in the next two days so they can go to work.

“We are also discussing with the company on the operation cost, because it will not be good to rehabilitate and then you cannot operate.

“We have told them that on Thursday, we are going to meet to talk about the operation cost,” he said.

Wike pointed out that part of the problems of the projects was because they were not being funded by the national budget.

He said that in view of the funding challenge, the ministry would pick some projects that could be completed within a specific period and then decide on what to do again in the following year. (NAN)

Source: News Agency of Nigeria

N5bn palliative: FCT considering transportation, food – Minister

The Minister of the Federal Capital Territory (FCT) Abuja, Mr Nyesom Wike, says the FCTA is considering transportation and food supplies support with the N5 billion palliative received from the Federal Government.

Wike stated this in Abuja on Monday after a closed-door meeting with contractors handling different projects in the FCT.

The Federal Government had on Aug. 17 announced a N5 billion palliative for each state of the federation, including the FCT, to cushion the impact of the removal of the petrol subsidy.

Some of the state governments have confirmed receiving N2 billion from the amount, while awaiting the N3 billion balance.

However, the minister said that the FCT was not included in the N5 billion palliative until he wrote a memo informing President Bola Tinubu of the development.

He added that Tinubu has approved the amount, adding that other states have received N2 billion already, expressing confidence that the FCT will equally receive soon.

“But we are yet to decide on what to do with the N2 billion palliative. We have not chosen any area yet.

“Are we going to concentrate on food, but we are thinking that the issue of transportation is very very important, particularly the urban mass transit.

“People would like to have easy transportation to go to where they want to go, and if you give them rice and they eat the rice today, what about transportation tomorrow?

“So, we have not come up with what actually we are going to use the money for, but I believe food support and transportation is very key,” he said.

The minister added that efforts were ongoing to bring back urban mass transportation to be able to reduce the suffering of the masses in terms of transportation.

Source: News Agency of Nigeria