NEWS SERVICE REPORTS FROM
THE AFRICAN CONTINENT
Bank commend excellent
I.M.F. regional technical center
countries acknowledged that they
needed to play their role more effectively to
enhance East AFRITAC’s overall performance
REPORT BY XINHUA CORRESPONDENT Chrispinus
Kenya’s central bank
CBK commends the overall track record of the International Monetary
Fund (IMF) Regional Technical Assistance Center for East Africa
(East AFRITAC) which he said has scaled up activities in the region.
Governor Professor Njuguna Ndung’u on Monday said AFRITAC has
scaled up its support for member countries over the past year and
continues to deliver high-quality capacity building that is relevant
wish to commend the overall track record of East AFRITAC and its
contributions to the achievements of its member countries in
building their institutional capacity and implementing effective
reforms,” Ndung’u told East AFRITAC’s Steering Committee
meeting in Naivasha, about 90 km southwest of Nairobi.
to the statement released by the CBK late on Monday, the meeting
reviewed recent activities, endorsed the work plan for the financial
year to April 2014 (FY 2014), and discussed an external evaluation
of the Center’s work.
from six of the seven member countries attended together with
representatives from Canada, Germany, and Switzerland and IMF staff.
the meeting, Ndung’u stressed the critical support of East AFRITAC
in Kenya’s implementation of recent public financial management
reforms that followed the adoption of a new constitution, and East
AFRITAC’s role in CBK’s successful implementation of
consolidated bank supervision.
praised the Center’s flexibility and demand-driven approach, and
looked forward to further effective contributions in helping member
countries face new challenges.
Treasury Economic Secretary Dr. Geoffrey Mwau and the Chairperson of
East AFRITAC’s Steering Committee, and Xavier Maret, the Center
Coordinator issued a joint statement at the end of the meeting,
expressing satisfaction with the scaling up of East AFRITAC’s
capacity building activities and the successful execution of the
work plan in FY 2013 (May 1, 2012–April 30).
commended East AFRITAC for the results that have been achieved and
for the progress in strengthening donor coordination, outreach, and
dissemination of technical assistance (TA) advice.
achieved in FY 2013 include the effective implementation of
consolidated bank supervision and passing of a new public Financial
Act in Kenya, updates in national accounts methodologies and price
indexes in several member countries, and the introduction of
high-frequency indicators of economic activities in Rwanda and
steps have been achieved in restructuring and modernizing tax
administrations, strengthening cash management, implementing
program-based budgeting, and improving public finance reporting
across the region,” the statement said.
AFRITAC’s regional workshops focused on frontier issues, such as
mobile payments, and technical assistance activities were
complemented by courses run by the IMF’s Institute for Capacity
Development on monetary and exchange rate policy and economics of
committee welcomed progress in the implementation of a results-based
management framework and acknowledged the challenges faced by East
AFRITAC in scaling up further its activities, such as turnover of
resident advisors which needs to be addressed to enhance
effectiveness, the need for further strengthening of collaboration
with member countries, and management of short-term experts.
provided guidance in addressing these challenges and making further
progress in results-based management.
committee also emphasized the critical importance of enhanced
support to member countries in the area of statistics. Member
countries acknowledged that they needed to play their role more
effectively to enhance East AFRITAC’s overall performance.
Steering Committee endorsed the work plan for FY 2014, which
reflects continuity and follow up activities for many ongoing
technical assistance projects, as well as new projects, such as
implementation of individual capital requirements for banks under
the Basel II framework.”
Center has effectively built on the achievements of previous phases
and delivered “technical assistance that is of excellent quality,
high relevance and strongly owned by its member countries”.
number of ongoing initiatives, such as the introduction of
results-based management, are viewed as important means to
strengthen East AFRITAC’s effectiveness by enabling better
definition and planning of activities, as well as improved tracking
urged to invest
in ICT engineering
(Xinhua) -- A global engineering body on Tuesday called
on Kenya to invest in the Information and Communication Technology (ICT)
to take the East African nation to the next level.
of the Institute of Electrical and Electronics (IEEE) Engineering
Peter Staecker told journalists in Nairobi that Kenya should invest
more in faculty development to make teaching more attractive as well
as in alternative approaches to learning, including the use of
massively open online courseware and interactive classroom
is in the early stages of identifying how it can best play a role
in supporting the development of engineering capacity in Africa
and, more specifically Kenya. The financial and human resource
investment will be sized according to what is needed for IEEE to
help Africa and Kenya accomplish its goals,” Staecker told
journalists in Nairobi.
said innovation is a driver of economic prosperity, adding that
Kenya’s reliance on modernization to achieve its digital vision
will be crucial.
said Kenya has the promise of a talent harvest that can leverage
technology to grow a knowledge economy, inspire innovation, and
improve quality of life for Kenya’s people while also enhancing
the country’s economic prosperity IEEE can help Kenya mission.
can help by providing technology professionals with events
content, tools and educational resources to do their work. IEEE
can also connect these professionals to a larger global community
of innovators,” said Staecker who is on a five-day visit to
said as an organization of individual members who actively
participate in a global technology community, IEEE, instead of
focusing on relationships between countries, centers on enabling
knowledge transfer and acquisition by its members to support their
efforts to discover, develop and deliver technology for collective
that they have come to Africa and particularly to Kenya to observe,
listen and learn more about how IEEE can contribute to building
engineering capacity and developing future workforce of innovative
and contributing professionals, Staecker said Africa is poised for
tremendous strides in ICT and all technology related areas.
is an exciting time for Kenya, a time of great promise and
possibility, and if IEEE can play a role in helping Kenya to
maximize those possibilities, we welcome the opportunity.”
Staff Executive Matt Loeb said for over 40 years, IEEE has brought
acceleration of engineering and has supported a number of activities
in technology transfer to improve quality of life and intoned that
the involvement of women in engineering has been really good.
average percentage, women in engineering constitute 15 percent and
rising slowly each year. Demand for engineering varies from
country to country but commonly being produced with proper
training to do the job. Education is the number one issue,” Loeb
chairman of the Kenya Section of IEEE Vincent Kaabunga said the
local chapter has taken advantage of the parent organization’s
magnanimity to form a chapter for women to drive support of more
women in innovation.
institute is the world’s largest professional association
advancing technology for the benefit of humanity with a membership
of over 400,000 in more than 160 countries, about half of whom are
based in the United States.
February, Kenya launched a policy document that will guide the
country’s ICT direction in the next five years.
three pillars of the master plan will establish Kenya as a leading
African ICT hub; to establish robust accessible and affordable ICT
infrastructure; and delivery of open and efficient government
delivering value through ICT.
master plan is focusing on connecting every Kenyan to the internet
by “guaranteeing every Kenyan 1 Mbps of connectivity” and hopes
to register more than 500 new companies, create over 50,000 jobs in
the sector and have every homestead connected to high speed and
affordable internet over the next few years.
you read it first at coastweek.com