Garissa residents, particularly youth and women, have been encouraged to apply for investment financing from the County’s Revolving Fund to establish income-generating ventures and improve their lot.
The County Executive Committee Member (CECM) for Trade, Investment, and Enterprise Development, Mohamed Suleiman, emphasised the importance of initial capital in any enterprise initiative, thus calling on members of the public, to take advantage of the County’s initiative to establish a Revolving Fund.
‘The Revolving Fund will help start or boost existing small-scale business enterprises. Beneficiaries need just to apply, get funding for their projects to uplift themselves, and thereafter, pay back, after a certain duration of time, as stipulated in the Funds Act,’ Suleiman explained.
The CECM made the remarks in his Office, Garissa town, when he met Board Members of the Garissa County Revolving Fund, led by their Chairman, Mwalimu Ibrahim Atosh.
The meeting deliberated on the upcoming roll-out of the County
Revolving Fund, whose 15 working days application window opens next Monday, February 26.
Sulaiman assured of transparency in the disbursement of the Fund and welcomed anybody willing to access the money, to apply starting Monday next week.
‘Application is open for both individuals and registered groups, so no one should be left out,’ the CEC highlighted.
His sentiments were echoed by Chairman Atosh, who guaranteed members of the public, of a free and fair process devoid of any form of discrimination in awarding the monies to individuals who applied.
‘This time around, everything is guided by the Fund Act, which will ensure everything is done openly and above board as per the stipulated procedures and regulations,’ Atosh affirmed.
Source: Kenya News Agency
The Assembly of People’s Representatives (ARP) on Wednesday approved the draft organic law on the agreement relating to the activities of COMESA (Common Market for Eastern and Southern Africa) that will be hosted by Tunisia.
The agreement, which was signed on June 19, 2023 by the Tunisian authorities, received 111 votes in favour and 1 vote against in Parliament.
It contains 12 articles related to the meetings, workshops and activities organised by COMESA and its associated bodies in the member states. It also focuses on the range of benefits granted to officials of the organisation, its experts as well as representatives of the participating member states in these various events.
The adoption of this bill will enable both Tunisian officials to enhance their capacity building in various technical fields and economic operators to benefit from the advantages offered by this agreement.
The bill will also help increase the presence of Tunisian professionals in COMESA and its various bodies.
Through this law,
Tunisia will be able to provide COMESA with all the necessary benefits (VAT exemption, visa…) to hold its events and meetings in Tunisia, said the Minister of Trade and Export Development, Kalthoum Ben Rejeb,
“This will help promote Tunisia’s image in Africa and worldwide as a tourist destination, particularly in terms of conference tourism, as well as a promising country for investment,” the Minister added.
She pointed out that Tunisia has signed 47 export agreements with African countries within the framework of the African Continental Free Trade Area (AfCFTA).
Source: Agence Tunis Afrique Presse