Caribbean CBI countries rank high once again in 2023 World Citizenship Report: CS Global Partners

London, June 09, 2023 (GLOBE NEWSWIRE) — Caribbean nations with Citizenship by Investment schemes ranked in the top 30 per cent of this year’s World Citizenship Report. The Report measures 188 countries across five motivators deemed as most relevant among the mass affluent – Safety and Security, Economic Opportunity, Quality of Life, Global Mobility and Financial Freedom.

This year, St Kitts and Nevis kept its position of 48th out of the 188 countries while Grenada (49), Antigua & Barbuda (50), the Commonwealth of Dominica (52) and Saint Lucia (53) followed closely behind.

The Caribbean is considered the cradle of investment immigration due to the high concentration of countries that offer CBI programmes in the region.

Caribbean nations are becoming investment hubs in the global arena, offering attractions such as safety, lucrative financial diversification options and idyllic lifestyles that make them desirable places to take up second citizenship. For example, all the Caribbean nations hosting CBI programmes are members of the Caribbean Community (CARICOM) which is committed to promoting and supporting a unified Caribbean community that is inclusive, resilient, and competitive to share in economic, social and cultural growth.

These CARICOM members have also pledged to continue to be vigilant in managing the threats to sustainable development in the region.

This includes implementing initiatives that attract foreign direct investment, ensuring that the region is not perceived as high risk by investors, lobbying against the proposed global minimum corporation tax and continuing to build relations with the OECD (Paris-based Organization for Economic Cooperation and Development) and European Union.

For example, earlier this year, heads of state from all five Caribbean nations offering citizenship by investment programmes met with several US government officials to discuss ways to enhance security and due-diligence checks which will minimise any potential risks of the various CBI programmes on offer.

Prime Ministers from St Kitts and Nevis, Antigua & Barbuda, Saint Lucia, Dominica and Grenada were all in attendance, alongside the heads of each nation’s Citizenship by Investment Units (CIU). The meeting, which was led by the Assistant Secretary of the US Department of the Treasury had some positive outcomes and all nations agreed to follow six processing principles which were suggested by the United States, including:

  • The suspension of processing for Russian and Belarussian applicants in all five nations.
  • Introduction of application interviews, either in person or via virtual interview.
  • Non-processing of applications of people who have previously been denied visas in other countries.
  • Conduct regular audits either annually or bi-annually in line with international standards.
  • Introduce additional due-diligence checks to be made through each nation’s Financial Intelligence unit.
  • Retrieval by law enforcement of all revoked passports

This year’s World Citizenship Report found that high-net-worth individuals (HNWIs) and the mass affluent are in search of greater freedoms, and in preparing for the future, they want to have more control over their freedoms.

This group of HNWIs and mass affluent are securing these freedoms by ensuring that they have a second home through residency and citizenship programmes.

For decades countries like the US, Canada, the UK, and France were attractive destinations for many who wanted to migrate. However, those popular countries are all struggling, both financially with threats of a recession and high inflation, as well as experiencing civil unrest in the form of protests and strikes. The mass affluent and HNWIs have begun to look for alternative destinations as a bolt-hole for future crises, countries that offer the freedoms that are lacking in their home nations.

Caribbean nations have been offering precisely this for decades – Dominica ranked the safest and most secure Caribbean CBI nation, and all five countries were almost equal in terms of economic opportunity.

Small island nations are ensuring their prosperity and sustainability through CBI programmes which continue to be a viable way for Caribbean nations to attract foreign direct investment into their economies which is then used for significant developmental projects.

Dominica’s construction of a geothermal plant, another tangible example of how the nation is moving away from fossil fuels in order to become a greener economy, was made possible by the revenue from CBI.

The nation of St Kitts and Nevis is following suit, also moving away from fossil fuel. St Kitts and Nevis has taken the seriousness of its CBI programme one step further by instituting innovative and industry-first regulation that will not only enhance the programme’s international reputation but will also ensure that international investors and citizens alike benefit from a safe, secure, stable and economically prosperous nation.

The inflow of funds to the private sector has had a noticeable impact on the economic activity of island nations, in many instances improving fiscal outcomes, facilitating debt repayment and spurring economic growth.

Caribbean nations continue to be politically and economically stable, with a low crime rate and rich investment opportunities – therefore solid investment options for those looking to attain freedom.

The World Citizenship Report is published by CS Global Partners, a leading investment migration advisory firm.

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Chantal Mabanga
CS Global Partners
+44 (0) 207 318 4343
Chantal.Mabanga@csglobalpartners.com

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Angolan economy minister fired amid fuel protests

Angolan President João Lourenço has sacked the minister responsible for economic and social development following protests triggered by the government’s decision to end fuel subsidies

He replaced Manuel Nunes Júnior, a seasoned minister and economics professor, with the central bank governor, José de Lima Massano, a statement said.

The withdrawal of the subsidies – which Mr Nunes Júnior said was aimed at cutting government spending – came into effect on 1 June, leading into a steep rise in fuel prices.

The oil-rich nation has since experienced a wave of protests, with more expected over the weekend.

On Monday, five people died and eight were injured after police opened fire on a group of protesters the city of Huambo.

Angola is one of the largest oil exporters in sub-Saharan Africa.

Source: BBC

Gov’t Saved Sh 779,764 Through CSO In Six Months

The government has saved a total of Sh 779,764 through the Community Service Order (CSO) in a period of six months this financial year, between July and December 2022.

In a report submitted to the service delivery committee by the sub-county probation officer, Nancy Ngeywo, on station highlights between the periods, there were a total of 46 offenders, with 31 males and 15 females sent to different institutions on CSO.

Ms. Ngeywo said the type of offenses committed during the period under review and put under referrals included 15 cases dealing with alcohol drinks, which was leading.

She indicated that six cases of stealing and gaming, respectively, and four cases of assault causing actual bodily harm.

‘Other cases include theft of farm produce and malicious damage to property, which were reported in two cases each,’ she said.

The report further indicated that other cases that were referred to their office include creating disturbance, stock theft, possession of wildlife trophy, attempted murder, cultivation of narcotic drugs, possession of cannabis sativa, and destroying cultivated crops, which reported one case each.

Ngeywo said that the offenders were deployed in primary schools, secondary schools, health facilities, deputy county commissioner offices, chief camps, and police stations.

However, the probation officer noted that most of the agencies lack tangible projects and are encouraged to engage their clients (offenders) to do tangible work.

‘They stated that they require funds and equipment in order to have projects,’ she noted.

The probation officer noted some challenges facing their office, including a lack of courts in Mt. Elgon constituency, hence relies on Kimilili and Sirisia law Courts. ‘This is very inconveniencing and expensive considering that an officer must be on duty at the court daily,’ Ngeywo said.

The probation officer compared their counterparts who walked to court while they had to travel to court, adding that the station lacks a GK vehicle considering the terrain of the sub-county, hence there is a dire need for a GK vehicle to be allocated to the station.

She also said they lack of furniture for clients and raised concerns about inadequate funding, especially with no court in the sub-county.

Present during the tabling of the report were Senior Principal Magistrate Ms. Gladys Adhiambo, who is also the Chairperson of the CSO Case Committee, Regional Probation Director, Western Region, Ms. Judith Mandilla and Bungoma County Probation Director Mr Peter Muchinyi.

Source: Kenya News Agency

County Embarks On Massive Road Projects

Kitui County Government is undertaking massive road construction projects across the county in efforts to improve the road network in the county.

The numerous road network improvement projects are underway in all 40 wards and aim at expanding the county’s road network along with enhancing the ones that are already in place.

Significantly, this will increase trade, mobility, and flexible access to emergency medical services across the vast county.

Kitui County Chief Officer for Roads and Public Works Benjamin Chamia, while speaking today at Mutomo when he led a team of officers from the Ministry of Roads, Public Works, and Roads on an inspection tour of the said road projects, reiterated that the county government is fully committed to improving the road connectivity network across the county.

‘The objective of this inspection tour is meant to evaluate the quality and progress of the road construction work as well as address any difficulties or problems that might emerge during implementation,’ said the county government road chief officer.

The team inspected several ongoing projects, including the drift construction project at River Thua along Kavuvuu-Mulula Road in Miambani Ward, the drift repair project at Kisiiyo River along Inyuu – Kyamusivi Road in Chuluni Ward, and Kinakoni – Imale – Kiangini – Kiukuni road improvement project, which also has a 150-meter drift at River Thua.

‘In the list also is a drift along Kisayani – Imwange – Katundu Primary school – Kilui road in Mutomo/ Kibwea Ward, among many others,’ noted Chamia.

The Chief Officer underscored the need to promote gender balance and inclusivity of special groups during the engagement of manpower in the implementation of government projects.

He also affirmed the county Governor Dr Julius Malombe’s administration’s commitment to deliver on his development agenda as stipulated in his manifesto.

Chamia lauded the unwavering continued support from the local communities in actualization of the Governor’s 16-sector development blueprint, and reiterated that the county administration is committed to making sure that the road improvements are finished on schedule, within budget, and up to the stipulated standards in order to meet the big expectations of the locals.

Additionally, he asked the locals to collaborate and support the road said projects because doing so will increase their access to economic possibilities, mobility, and accessibility.

He said that in order to mobilize more resources and funding for road development projects in the county, the county government is working closely with the National government and other development partners.

Source: Kenya News Agency

Water Vandals Destroy The Rangwe Village Project

Residents of Kiruo village in Rangwe Sub County are concerned over vandalism at the Rangwe Integrated Water Project by unknown people.

They lamented the destruction and theft of the project’s parts, including solar panels, that left them without water for a long period of time.

The project, which consisted of a borehole, pipes, and 16 solar panels, was constructed in 2013 by the County Government of Homa Bay.

The residents, led by Walter Opiyo, said the borehole served them for two years before it was vandalized due to poor management.

‘The borehole served us for two years until it broke down due to administration issues because those in charge were not vigilant,’ he said.

With this, residents saw the project as useless, a situation that exposed its parts to theft, where all 16 solar panels were stolen.

Speaking on Thursday, Opiyo said the water project is now operational after it was restored to its former state a few weeks ago.

However, the residents are now worried that the new machines might be vandalized again and have appealed to other residents to refrain from doing so.

‘I appeal to my fellow residents not to vandalize the project’s parts because it was constructed for their own benefit. Water is life, and when it’s available, it reduces the chances of contracting water-borne diseases,’ Opiyo noted.

Before the project was restored, the area residents relied on the River Rangwe, which is seasonal for domestic use.

Opiyo said the water from the river is unclean and not safe for consumption, adding that if the water project is vandalized time and again, there will be a likelihood of a water shortage in the area, especially with climate change.

‘When you vandalize a project that would have served you with water regardless of whether there is rain or not, then you will be exposing yourselves to water shortages and other challenges that come with them,’ he informed.

Source: Kenya News Agency

Stakeholders Working To End Teenage Pregnancy By 2030

Nyamira County stakeholders have strategised to implement a multi-sectorial action plan to end the alarming rate of teenage pregnancy in the county by 2030.

‘The shocking rate of teenage pregnancy in Nyamira and a few other counties in our country is a serious setback in enabling our country to achieve its economic growth projections.

The county adolescent gatekeepers must collaborate closely to implement sustainable action plans which will enable us to end this menace by 2030,’ said the Technical Services Director at the National Council for Population Development (NCPD), Peter Nyakwara.

‘This crisis slams education/career ambitions, disorients the social status of these young ones, and the perception of them in the community also changes,’ Mr Nyakwara added.

The director pointed out that teenagers are a key basic resource in the country, and they must therefore be nurtured rightly, protected, and guided if the country can depend on them to build and prosper the country’s future economy.

He further explained that teenhood is a unique stage of human development and an important time for laying the foundation of good health because adolescents in this stage experience a lot of rapid physical, cognitive, and psychological growth changes in their mind and body, which need guidance and support to enable them to make informed choices as they transit through this delicate stage.

NCPD assistant director Moses Ouma elaborated to gatekeepers that 25.5 per cent of the population in Kenya are adolescents between the ages of 10-19 and Nyamira County contributes to 1.4 per cent of the national adolescent’s share, which is about 27.1 per cent of the county population according to the 2019 census.

‘Two out of ten pregnancies reported in Nyamira are adolescent pregnancies, which comprise about 16 per cent, a rate above the national average of 15 per cent. This county’s rate of child marriages between 12-18 years is 4.7 per cent and 6.4 per cent among girls and boys, respectively, and is classified to be among the 25 counties with child marriage rates higher than the national average of 3.1 per cent and 6.1 per cent for boys and girls, respectively,’ Mr. Ouma said.

‘Though the number of adolescents presenting with pregnancy during their first antenatal clinic (ANC) at county facilities has gradually been reducing since 2019 to date, the rate is very negligible compared to other counties with a similar challenge, which is why stakeholders must be purposeful and work with speed to end this disquieting crisis by 2030,’ the Assistant Director noted.

Nyamira County Parents’ Association chair, Dr Charles Moochi, squarely blamed poor parenting as a key contributor to losing the fight against adolescent pregnancy because most parents have abdicated their parenting roles and delegated them to nannies and school teachers who have no attachment or are overwhelmed to handle individual student challenges.

‘Parents must be available for their children, adequately provide them with their basic needs, be keen and sensitive to their needs, guide them to choose the correct company of friends and know who their friends are, and teach them the effects of overreliance on electronic media and social media content to influence them to make informed choices during this complex stage of adolescence,’ Moochi stated.

The County Executive Committee Member (CECM) for Health, Dr Timothy Ombati, outlined that the ultimate cause of adolescent pregnancy is unprotected sex.

‘It comes with its share of other complications, like the risk of contracting HIV/AIDS and other sexually transmitted infections and maternal and child deaths because their bodies are not mature enough to hold pregnancy to term successfully,’ Ombati said.

‘This is further compounded with social and economic challenges like dropping out of school, inability to secure employment, stigma, and perpetuating poverty,’ he added.

Nyamira County Commissioner Onesmas Kyatha, who is also the coordinator of the gatekeepers forum tasked with ending Nyamira teenage pregnancy, vowed that he will relentlessly bolster a team spirit in implementing the action plan to end adolescent pregnancy in the region.

‘We shall intensify capacity building, focusing more on awareness creation among adolescents and young adults on the correct choices when it comes to sexuality and reproductive health, leverage gatekeeper conventions and platforms for discussions on ways to end teenage pregnancy, and identify intervention programmes that need to be mainstreamed in all sectors and to all ages so that the agenda of ending teenage pregnancy is embraced by all,’ Kyatha said.

Nyamira gatekeepers’ forum to strategize on ways of ending teenage pregnancy is cascading from the government’s commitment to ending teenage pregnancy by 2030 during the International Conference on Population and Development (ICPD25) held in Nairobi in 2019.

Source: Kenya News Agency

Weapons Recovered, Scores Arrested In Nakuru

Security agents in Nakuru County have arrested 78 suspected criminals believed to be behind a spate of stabbings and armed robberies in the Kaptembwa and Rhonda areas.

Led by County Commissioner Loyford Kibaara, the team recovered assorted weapons from the bloodthirsty gangs that have caused the residents sleepless nights in the recent past.

Speaking at the Central Police Station, where swords, knives, ported marijuana, and other crude weapons were displayed, Kibaara regretted that the 78 were young men who were supposed to be helpful to the community but had opted to join criminal gangs.

‘These are very dangerous weapons that they have been using to terrorize the residents while extorting money and valuables from them. As we said, we are not going to give them room,’ said Kibaara, noting that the 78 will be arraigned in court.

He assured the residents of continued security, noting that the resurgent criminal gangs had been abated by security officers who had overstayed in the area.

Three people had been killed as a result of the resurgence of the Confirmed, TZ, Mungiki, and Mauki criminal gangs, with the officers decrying the lenient fines and penalties meted out to them once they were arrested.

Cases of stabbings and killings have in the recent past been reported, with members of the Mauki gang group said to be in revenge mode following the killing of their leader last week.

Source: Kenya News Agency

Angolan President invited to attend G77 Summit

Angolan head of State João Lourenço was invited by his Cuban counterpart Miguel Díaz-Canel to attend the Summit of the “Group of 77” plus China set for September 15-16, 2023 in Havana, Cuba.

The invitation was given verbally by the Cuban Ambassador to Angola, Esther Cardenas, during an audience the Head of State João Lourenço granted to her this Friday.

The Group of 77 (G77) at the United Nations (UN) is a coalition of developing countries, designed to promote its members’ collective economic interests and create an enhanced joint negotiating capacity in the United Nations.

G77 was founded on June 15, 1964 by the “Joint Declaration of the Seventy-Seven Countries” issued at the United Nations Conference on Trade and Development (UNCTAD).

Speaking to the press, the Cuban diplomat Esther Cardenas underlined the importance of the presence of the Angolan Head of State at the event, in what she described as “highly useful” and will help in deliberations of the meeting.

Republic of Cuba currently holds the Presidency of the “G 77”.

Angola and Cuba have strong political and diplomatic relations, with cooperation featuring the fields of education, trade, agriculture, security, telecommunications, health and industry

Source: Angola Press News Agency (APNA)

President authorises expenditure for construction of Higher Institute of Moxico

Angolan head of State João Lourenço has authorised the expenditure and formalisation of the construction and equipping of Infrastructure for the Higher Institute of the eastern Moxico province.

According to a Presidential Order n.º 120/23 reached ANGOP this Friday, the president also authorised the expense and formalisation for the opening of a limited tender, by prior qualification, for the Provision of Consulting Services for the Inspection of the above Contract.

The president delegated this power to the minister of Higher Education, Science, Technology and Innovation to sub-delegate the approval of the parts of the tender procedure.

It is also the responsibility of minister to appoint the Evaluation Commission to check the validity and legality of all acts carried out within the scope of procedure, including the celebration and signing of the corresponding contracts.

In another Order, the President of the Republic also authorised the expense and formalisation of the opening of the simplified contract procedure for the conclusion of contracts for the rehabilitation and inspection of the EN260 National Road, in the Luzi/Cassamba/Cangamba section, in the municipality of Luchazes, eastern province of Moxico.

The President delegates the responsibility to the Minister of Public Employment, Urban Affairs and Housing, with the power to sub-delegate, for the practice of all decision-making acts and supervisory approval, including the celebration and signing of Contracts, which will get external financing

Source: Angola Press News Agency (APNA)

President recommends speed up in economic diversification

Angolan head of State João Lourenço Friday recommended the members of the Executive greater speed in economic diversification process, stressing the need to increase the production in non-oil sector.

In his speech, delivered at the swearing in ceremony of the new Minister of State for Economic Coordination, José de Lima Massano, the Statesman also spoke of the need to processing of the several mineral resources.

As for various mineral resources in the country, João Lourenço considered the importance of processing them. And manufacturing of a set of goods for the people’s living standards.

“We need to address a set of goods to meet not only the economy, but also for citizens who, somehow, end up being affected”, the president told the ceremony attended, among other figures, by the Vice-President of the Republic Esperança da Costa and members of the Economic Team of the Executive.

During the ceremony, João Lourenço recommended, in particular, the new Minister of State, to mobilise the banking sector to finance more the national

economy to ensure development of the country”.

“Everything depends on the country’s health economy”, said the Statesman, who considered the dependence on oil revenues as “the greatest disease of our economy.

José de Lima Massano was governor of the National Bank of Angola (BNA) between October 2010 and January 2015. He was previously chairman of the Executive Committee of the African Investment Bank (BAI).

José Massano holds a Master’s Degree in Management and Auditing from the City University of London and a Degree in Economics from the University of Salford, Manchester, England.

Source: Angola Press News Agency (APNA)