Affluent African investors to feature at the Caribbean Investment Gateway Summit

Basseterre, April 01, 2024 (GLOBE NEWSWIRE) — The Investment Gateway Summit taking place in St. Kitts and Nevis, presents an exclusive opportunity for African high-net-worth individuals (HWNIs) to have a unique experience to ‘connect, celebrate and collaborate’ with like-minded global investors from 11 to 15 May.

Among those confirmed to attend are renowned leaders representing leading sectors in Africa. Notable figures from industries such as telecommunications, finance, energy, and agriculture have registered to participate in this exclusive event.

This remarkable five-day event will offer individuals the chance to gather for networking and interaction with industry leaders, featuring lively workshops, engaging panel discussions, cultural exhibitions, and a firsthand experience of the vibrant spirit of St. Kitts and Nevis.

These African investors will have the invaluable opportunity to broaden their international networking connections as they join hundreds of global citizens, entrepreneurs, and business leaders from key regions such as America, Singapore, Hong Kong, the UAE, and China at the summit. This convergence of diverse perspectives and expertise promises to facilitate cross-border collaborations, foster strategic partnerships, and unlock new avenues for growth and investment on a global scale.

‘Connect, Celebrate, Collaborate’ with economic citizens 

This Summit marks a pioneering milestone as the first of its kind globally, attracting African HNWIs, proud local and economic citizens, global investors, C-Suite executives, entrepreneurs, real estate developers, prospective St. Kitts and Nevis Citizenship by Investment (CBI) applicants, as well as local CBI Authorised Agents and International Marketing Agents.

Furthermore, each day of the Summit is designed for African investors to immerse themselves in discussions with the St. Kitts and Nevis Prime Minister, Honourable Dr. Terrance Drew, Government officials and explore the country’s attractions. The detailed agenda includes exhibits, interactive conferences and panel discussions.

African HNWIs can enquire about becoming exhibitors or sponsors of the Summit to connect with other African HNWIs with St. Kitts and Nevis citizenship, acquired through the CBI Programme. This will be a unique opportunity to create new partnerships via projects within the twin-federation and share visionary ideas.

St. Kitts and Nevis is prepared to welcome African HNWIs, entrepreneurs, highly talented Africans, prospective African CBI applicants and C-Suite African businesspeople to the country of possibilities and prosperity.


Secretary of St. Kitts and Nevis Citizenship by Investment Programme
Government of St. Kitts and Nevis
00 (1-869) 467-1474

GlobeNewswire Distribution ID 9081778

Economic citizens welcomed home to collaborate at the St Kitts and Nevis Investment Gateway Summit

Basseterre, April 01, 2024 (GLOBE NEWSWIRE) — St. Kitts and Nevis is gearing up to host their inaugural Investment Gateway Summit, which is a once-in-a-lifetime experience for its economic citizens to ‘connect, collaborate and celebrate’ with like-minded global investors. The Summit will take place from 11 to 15 May at the St. Kitts Marriot Resort, displaying world-class sustainable business and investment development practices in the twin-federation.

The St. Kitts and Nevis Investment Gateway Summit isn’t just about scripted speeches or glossy brochures—it’s about real conversations and tangible opportunities that global citizens can explore. The Summit also offers a range of opportunities to connect with industry leaders and fellow entrepreneurs.

With hundreds of attendees from countries spanning the globe, including the United Arab Emirates (UAE), Nigeria, Egypt, South Africa, Singapore, China, and more, the Summit promises unparalleled networking prospects.

Strategic Partnerships 

The 5-day long event will bring together economic citizens, policymakers, corporate leaders, business delegations, academia, and think tanks from across the globe to collectively explore business opportunities and forge new partnerships.

Local exhibitors and international sponsors will have a unique opportunity to showcase their businesses and promote their brands to this niche audience.

The Investment Gateway Summit is an opportunity for key stakeholders from businesspeople, economic citizens and governments to collaborate in sustainable development and connect for long-term collaborations. Participants will gain exclusive access to expertise and invaluable resources from reputable global leaders and investors.

The Summit will have interactive networking sessions, and panel discussions, including experiences around the twin-federation

Business Opportunities 

St. Kitts and Nevis is a prime business location in the Caribbean that offers eco-business practices and growth opportunities. Numerous factors make the twin-federation a favourable business environment, these include the country’s strategic location forming part of a gateway for international trade and investments.

Investment Gateway Summit Programme 

Each day the detailed agenda is packed with exciting events that will take place, such as an exclusive opportunity to celebrate with the Prime Minister of St. Kitts and Nevis, Honourable Dr. Terrance Drew in a private Gala Dinner, alongside other economic citizens and special guests.

The Gala Dinner is strictly by invitation, as there are limited tickets available, this will be your opportunity to connect, celebrate and collaborate with economic citizens, share values and inspiration.

The Programme includes unique opportunities for its guests to explore the idyllic island through events such as the St. Kitts Scenic Railway, create a memorable cultural experience on the Frigate Bay Strip, and learn about one of UNESCO’s World Heritage Sites, the historical Brimstone Fortress.

Partner with Us 

Interested in promoting your brand, business services, or exploring sponsorship opportunities? Please leave a comment here along with your inquiry in the contact form, and we will promptly respond with details on available packages.


Secretary of St. Kitts and Nevis Citizenship by Investment Programme
Government of St. Kitts and Nevis
00 (1-869) 467-1474

GlobeNewswire Distribution ID 9081850

Draft State Budget 2025: Government will continue to control wage bill and rationalise subsidies

_: The draft state budget for 2025 is based on continuing to control the wage bill, achieving the objectives of the subsidy system, planning strategic development projects and defining investment spending, according to the Prime Ministry.

In a circular on the preparation of the draft state budget for 2025, sent to ministers, state secretaries, heads of structures, governors and heads of programmes, it was also stated that the rate of increase in administrative expenditure should not exceed 4%.

These guidelines were formulated in the context of preserving financial balances, reducing the state budget deficit and recourse to debt, according to the same source.

The Prime Ministry pointed out that despite the signs of improvement in the global economic situation, characterised by a recovery in the growth rate of the major economies, uncertainty could affect the international and local situation, requiring a series of forward-looking measures.

He went on to explain that the draft State budget for 2025 is part
of Tunisia’s Vision 2035 and the achievement of the objectives of the 2023-2025 Development Plan. To this end, the government plans to restore the pace of gradual growth by supporting the productive sector and gradually bringing public finances under control. It also intends to continue reforming the tax system and the civil service, support public investment and continue implementing the national strategy for reducing gas emissions and adapting to climate change.

The Prime Minister’s Office expects the cost of the wage bill to fall from 16% of GDP in 2020 to 13.6% in 2023 as a result of the measures taken.

The government will continue to implement several measures, including the general increase in accordance with the agreement of 15 September 2022 and the decrees issued thereunder, and that there will be no call for proposals for wage increases and the creation of new bonuses.

The government will work to rationalise recruitment by targeting it according to priorities.

On the administrative side, the Pri
me Minister recommends better control over the management of transport and the disposal of unused cars and equipment, energy consumption, expenditure on missions abroad and efforts to rationalise water consumption.

Subsidy spending will reach 7.2% of GDP in 2023, mainly on hydrocarbons and raw materials. The government also plans to better develop control mechanisms in this chapter of the draft 2025 State Budget.

In the chapter on investment spending, the Prime Ministry has recommended implementing the role of regional sectoral committees set up by the Higher Investment Commission and completing projects. He stressed the obligation for all ministries to join the “Injaz” system for evaluating project implementation in order to enter data on the progress of projects.

The Prime Ministry has asked that priority be given to the annual projects and programmes in progress, in order to complete them and, above all, to review the projects placed under the heading “ongoing”, but which have not yet started in an effe
ctive manner, with the aim of ensuring the imperative of carrying them out and classifying them among the priorities.

It pointed to the possibility of abandoning planned investment projects that are no longer of interest, in order to reduce the State’s commitments, bearing in mind that the authorities are called upon, when taking decisions on new projects, to take into consideration the various needs of vulnerable social groups.

With regard to subsidies for state enterprises, the Prime Ministry emphasised the need to mobilise own resources and available surpluses to cover needs and limit State aid.

It noted that the granting of subsidies to enterprises will be carried out in 2025 in instalments according to the rates determined by the Minister in charge of Finance, as the person responsible for the State budget, as well as the need for state enterprises to undertake to provide the services of the Ministry of Finance with a statement on the execution of the budget for the last three years as indicated by th
e competent chartered accountant. It also stressed the need to adopt these procedures for special accounts. It is also important for special funds to provide reports to the Ministry of Finance, while special missions such as the Assembly of People’s Representatives, the Supreme Judicial Council and others are required to respect the legal deadline for submitting their budget proposals.

Source: Agence Tunis Afrique Presse

Prime Ministry says need to submit performance projects before June 15

Tunis: The Prime Ministry called on ministries to develop annual performance projects for 2025 and submit them to the Finance Ministry on June 15 at the latest.

This will allow time for administrators responsible for the budget to start discussions, the Prime Ministry said in a circular on the draft budget for 2025 sent to ministers, secretaries of state, governors and programme managers.

The draft budget is supported by an annual performance project. The latter is annexed to the draft law of the same financial year.

The Prime Ministry called for dialogue through the various stages of the development of the annual performance project on the basis of evidence and guidelines, while checking the credibility of data.

There is need to lend due importance to the annexes of the annual performance project as a strategic document, reads the circular, and adopt the information system to follow up documents submitted by the various public policy stakeholders.

All programme managers, management by objective (MBO) un
its, public expenditure controllers and officials in charge of budget development and implementation need to attend all meetings.

Source: Agence Tunis Afrique Presse

Tunindex kicks off week up 0.28%

Tunis: Tunindex kicked off the week on a slightly positive note after rising by 0.28% to 8,946.44 points with a low volume of TND 2.2 million, according to broker Tunisie Valeurs.

Assurance Maghrebia shares were the best performers after posting a 4.5% rise to TND 47.020, with a limited volume of TND 1,000.

Poulina Group Holding shares also performed well. The share price rose by 4.1% to TND8.360, feeding the market with a capital of TND 171,000.

MONOPRIX shares fell by 4.3% to TND 4.650 with almost no trade.

SOMOCER also dropped by 3.2% to TND 0.600, generating only TND 10,000 in trading.

Amen Bank shares were the most traded after rising by 0.74% to TND 37.980, feeding the market with a capital of TND 704,000.

Source: Agence Tunis Afrique Presse

Weather sometimes densely cloudy in north and partly cloudy elsewhere Monday evening

Tunis: The weather on Monday evening will be partly cloudy in the north and partly cloudy in the rest of the regions, according to a bulletin from the National Meteorology Institute.

The wind will blow from the north in the north and centre and from the east in the south, and will be relatively strong to strong near the coasts and in the highlands, and moderate to relatively strong in the rest of the regions.

Overnight temperatures will be between 15 and 20 degrees Celsius in most regions and as low as 13 degrees Celsius in the highlands.

Source: Agence Tunis Afrique Presse

Donkey Skin Business Still On Despite A Ban By The Government

An alarm has been sounded over the stealing and bush slaughter of donkeys for both skin and meat business in the country.

Consequently, the government has been asked to address legal gaps that have been established as the factors enabling the illegal practice which is threatening the existence of donkeys and exposing the public to health risks.

A media sensitization and consultative workshop organized by the Africa Network for Animal Welfare (ANAW) in conjunction with Weltierschutzgesellschaft (WTG) from Germany held in Moyale town disclosed that about 10,000 donkey skins were exported to China last year despite a ban on the same by the government.

ANAW programme officer Dr Dennis Bahati said that there is increased bush slaughter of donkeys in various parts of the country especially Kajiado, Nakuru, Kiambu and Naivasha purposely for their skin which is in high demand in China for its valuable ejiao, a cultural remedy.

Dr Bahati while hailing the government for revoking export licenses issued to four comp
anies that operated donkey slaughterhouses in the country, said there was urgent need to formulate laws and policies to make an African Union Assembly moratorium adopted in February 2024.

During the extraordinary session, the heads of states and government in Addis Ababa, agreed to stop what was described as horrific donkey skin trade in the continent.

Dr Bahati told the forum which brought journalists working in Isiolo and Marsabit counties as well as the Moyale donkey welfare association that apart from decimating the donkey population the bush slaughter posed a health hazard as the inspected meat passing as beef meat finds its way to the supply chain.

The number of donkeys has been dwindling at an alarming rate reducing to slightly above half a million from a staggering figure of 1.8 million as captured during the 2009 national population and housing census.

The participants were in agreement that careless abandonment of donkey carcasses in the bush was an environmental danger as they pollute water sou
rces and expose nearby schools and homesteads to awful smells.

It is also feared that unless stopped, cross border movement and theft of these animals could easily compromise on the gains the government has made in taming the thorny menace of rustling of livestock in pastoralist areas.

The donkey is a resource that many households among pastoralist communities rely on for their livelihoods.

Ms Hawo Huka Gullied, the treasurer of the local donkey welfare association described the donkey as a very precious animal which local communities especially women depend on when fetching water, wood for cooking, food and goods for trade.

‘It should not be forgotten that we live in areas where conventional mode of transport is limited so we rely on this animal to transport property when we migrate in search of water and pasture’ she said adding that donkeys are used as human transport as well.

The theft and the black marketing of donkeys is emerging as a threat to the livelihoods of hundreds of households in the arid
and semi-arid (ASALs) areas of the country, hence frustrating efforts being employed by the government to address issues of poverty.

ANAW director Josiah Ojwang said that the country has of late witnessed an influx of donkeys smuggling from neighbouring countries of Tanzania, Ethiopia, Somalia, Uganda, Sudan and Southern Sudan owing to its porous borders.

‘Donkeys are still considered as food animals in Kenya and a such slaughtering is allowed by law which was enacted in 1999,’ he pointed out and called for a reverse of the same in order to protect the endangered animals and to safeguard human health.

The director noted that the donkey was a difficult breeder animal due to its long gestation period of 13 months besides taking three years before coming on heat after calving.

According to the Moyale sub-county veterinary officer Hassan Nura, the menace of donkey smuggling into the country along the Kenya -Ethiopia border is rampant.

Moyale Sub-county veterinary officer Hassan Nura briefing the press on the
sidelines of the workshop where he called for legislation to fill legal gaps in the management of donkey rearing in the country.

Mr Nura said that the area had since the subsiding of covid-19 witnessed an influx of donkey traders reportedly from Naivasha and Nakuru areas.

He said that his office had in the recent past issued movement permits to the traders to transport over 4,000 donkeys who pretend that they were buying the animals for rearing in the neighbouring Isiolo county.

‘We have since established that the animals are transported beyond Isiolo particularly to Naivasha and Nakuru where they are slaughtered in the bush for their skin,’ he said, adding that his office could not do anything about it as movement of donkeys was permitted in the country.

The official pointed out that the illegal activities surrounding the trade in donkey skins existed because of legal gaps.

The veterinary officer observed that the consumption of donkey meat is legally acknowledged in the country as well as the purchase
and transporting of the animals around the country for domestic use is also permitted.

‘As the guardian of slaughter and sale of healthy meat we are concerned over the reports that uninspected donkey meat could be infiltrating the supply chain,’ he said and urged the legislative organs at county and national level to enact laws that would assist in tackling the problem.

The media was urged to be vigilant and assist the government and other players in championing the welfare of animals and protection of human health.

Source: Kenya News Agency

Kiplagat, Marion Win Kapsabet Half Marathon 21km Race

Amos Kiplagat and Marion Kibor were crowned the winners of Kapsabet Half Marathon 21km road race held in Nandi County on Sunday.

Kiplagat who trains in Nandi ran a brilliant race from behind before increasing the pace in the last three kilometers to win in a time of 62:47.7in the men category followed by Robert Keter from Elgeyo Marakwet who timed 63:04.6 and third position went to Joshua Kimutai Elgeyo Marakwet

Speaking after winning the race, Kiplagat who has never competed in any marathon race said he was happy to have emerged the winner adding that he will now concentrate working hard to ensure he wins future races.

‘I am so happy with the results. It is a good preparation ground for future races,’ he said

Keter who came in second place said the race was tough but he enjoyed the course.

‘I thank God for the second position and l believe next time things will work out better. Being my first race, l have gained a lot of experience.

In the women’s category, Kibor who hails from Nandi broke the tape in
winning the race with a time of 71:34.56 followed by Gladys Singor from Baringo who timed 73:29.31while Joan Chepkosgei sealed the podium positions with74.08.93

‘I am so glad to have emerged a winner today and that gives me more reasons to continue working hard. I believe this win will open new avenues for me,’ she said

In the 10km men category race, Daniel Kinyanjui from Nakuru secured the first place in a time of 27:24.79, second position went to Roncer Konga from Baringo and Dismas Lokira from West Pokot took the third.

In the women category, Pamela Kosgei from Elgeyo Marakwet took the first position with a time of 31:19.31, followed by Millicent Kemboi and third position went to Emmy Jepkemoi both from Elgeyo Marakwet.

Nandi governor Stephen Sang said ‘Today is a historic day as we inaugurate the first ever Kapsabet half marathon, a celebration of athleticism, community and resilience in the athletic real. We are steadfast in our dedication to our athletes, promising to continue our relentless efforts
in providing them with the necessary support and resources,’

Christ is the Answer Ministries (CITAM) in partnership with Kenya Tourism Board and Athletics Kenya were the main sponsors of the race whose aim is to support and nurture upcoming athletes and give them a chance to showcase their talent.

With a theme, ‘Run green, run clean’, the race whose start point was at Nandi Bears club in Nandi hills and ended in Kipchoge Keino complex in Kapsabet town is a celebration of the boundless talents in Athletics and also an opportunity for the church to mentor athletes and educate them on the importance of winning clean without using body enhancement drugs.

CITAM Bishop David Oginde said Kapsabet is known for producing many champions but they have not had any marathon run that is why the church thought it will be a good idea for them to sponsor this first marathon so that it can bring together many champions across the Country.

‘This is one way of tapping talents at grass root level and encouraging our young peo
ple to follow their roots and not to involve in practices that are not acceptable in the society.

Oginde who is also the chairperson of EACC called upon athletes to stop taking shortcuts in life adding that corruption cannot build a nation instead it destroys it.

‘This idea of taking shortcuts in life so that you can reach a place you want can only destroy you. We encourage men and women when given an opportunity to serve the public, just do your work diligently, serve your people faithfully and God will reward you,’ he said

The winners received Sh250,000 while second and third place finishers pocketed Sh150,000 and Sh 100,000 respectively.

Source: Kenya News Agency