Minister Patrick O’Donovan TD announces just over €128,000 in funding for…

first_imgLinkedin Previous articleTwo Limerick-based designers scoop top awardNext articleBurglars force Limerick restaurant owner to go cashless Staff Reporter NewsPoliticsMinister Patrick O’Donovan TD announces just over €128,000 in funding for Coastal and Flood Protection Work at Foynes Yacht ClubBy Staff Reporter – June 20, 2019 148 WhatsApp Twitter Facebookcenter_img Limerick Fine Gael TD and Minister of State Patrick O’DonovanThe Minster of State at the Department of Finance and the Department of Public Expenditure and Reform Patrick O’Donovan has announced that just over €128,000 in funding has been allocated towards Coastal and Flood Protection Works that will protect  Foynes Yacht Club from erosion.Minister O’Donovan said, “Over the last number of years I have worked with Foynes Yacht Club and Minister Kevin Boxer Moran to get funding for flood defences for the club. In recent years a lot of damage has been caused due to a number of storms which has seen the Shannon erode the bank of the club.“I impressed upon Minister Moran the need for funding for this work, as the club is a very important local amenity in Foynes. The club is used by the whole community and prides itself in reaching out to everyone. However the Club was facing serious risks unless this funding was sourced and as a result I’m delighted to be able to announce it.”“The allocation of €128,025 will be made to Limerick City and County Council who will arrange for the work to be carried out,” added Minister O’Donovan. Print Email Advertisementlast_img read more

A Warriors’ trade season primer: Analyzing D’Angelo Russell’s fit and solving the Ky Bowman problem

first_imgThis season hasn’t gone as planned, and the Warriors have already had to shift expectations. After Sunday, further recalibration could be on the way.While coach Steve Kerr anticipated the team to take a step back, he did not expect to be sitting at the bottom of the league standings more than a quarter of the way into the season. A stumbling start and the desire to convert Ky Bowman’s two-way contract into a regular roster spot could lead to the Warriors making a trade between now and the Feb. …last_img

South Africa driven by World Cup momentum

first_imgBrand South Africa CEO Miller Matola addresses delegates at a recent legacy dinner hosted by the organisation and the Financial Times. (Image: Nosimilo Ramela) MEDIA CONTACTS • Kershia Singh National Treasury +27 12 315 5819 +27 72 623 4608 [email protected] RELATED ARTICLES • A legacy of harmony and pride • From Football Fridays to fly the Flag Fridays • Fly the Flag Fridays launched • Top marks for SA’s World CupNosimilo RamelaHosting the 2010 Fifa World Cup has undoubtedly benefited South Africa, with national pride, employment opportunities, the economy and investor confidence all receiving a welcome boost.“Our hosting of the World Cup was, and has been, about the creation of new realities and the destruction of old myths and pessimism about South Africa, and indeed, the rest of Africa,” said Finance Minister Pravin Gordhan at a recent dinner hosted by Brand South Africa and the Financial Times.  The event, held on 22 July at Soccer City in Johannesburg, focused on what the football spectacular did for the country’s infrastructure and economy.  Previous government estimates were that the tournament would add 0.5 percentage points to South Africa’s 2010 GDP, but after taking spending on stadiums and infrastructure since 2006 into account, Gordhan said annual growth would be about 1% higher than it would have been without the World Cup.Although the euphoria felt in the country during the World Cup would not last forever, the momentum it created would last for many years to come, Gordhan said. He said it was now up to South Africans to build on its accomplishments.He added that hosting the World Cup helped change other countries’ perceptions of South Africa: “The tournament undoubtedly boosted our country’s standing internationally, showcasing its capabilities in delivering world-class infrastructure on time and without imposing a financial burden on the national fiscus.”Lessons learntNow that the event was over, the minister said it was time to look at the lessons that could be learnt. He noted three key points that could be adopted by government:“Firstly, complex challenges should be disaggregated into a number of clearly defined undertakings with budgets and cash flow.“Secondly, using clearly defined projects, we need to develop a ‘roles and responsibility matrix’ that indicates which organisation does what work, and by when.“Thirdly, the World Cup had an immovable deadline that all parties had to work towards and therefore an overall programme with individual project schedules, targets and deadlines was prepared. This kept the overall project tight with little room to manoeuvre …”Was it worth it?A panel discussion was also held at the dinner. This included Paul Mashatile, deputy minister of the Department of Arts and Culture and provincial chairperson of the African National Congress; Graham Wood, managing director of Southern Sun Hotels; Roshene Singh, chief marketing officer of South African Tourism; Nombulelo Moholi, managing director of Telkom; and Miller Matola, CEO of Brand South Africa.Financial Times bureau chief for Southern Africa Richard Lapper chaired the discussion. He asked the panellists if they thought the World Cup, and all the money spent on it was, in fact, worth it for South Africa.  “The games were priceless,” said Mashatile. “Soccer has really brought us together and it’s of huge value – I don’t think you can put a price on it. It was truly worth it.”Wood said the tourism and hospitality sector benefited greatly: “Without the World Cup we wouldn’t have been able to grow our industry from where it was to where it is today.” More tourists coming here means more jobs for South Africans, which helps alleviate poverty, he added.More than 3-million football fans, both local and foreign, attended the 64 games played at various stadiums around the country. In addition, there were more than 3 000 hours of broadcasting from South Africa, which included impressive images of the country in all its diversity.This was also the first World Cup that used live 3D footage, which was transmitted through fibre-optic cables and satellites to televisions in 217 countries.“The network development that came from the World Cup will be used after the event in South Africa. It is part of our legacy of training and development. The tournament has helped us accelerate our development plans that will last for years,” said Moholi.Matola said the event was a great opportunity for rebranding the country: “It has changed historical perceptions about Africa and South Africa, and what we can do. This will attract skills and encourage foreign investment and business into the country.”“The most important legacy of the World Cup is the renewed confidence in ourselves as a nation,” Gordhan said at the end of the evening.“The conversation in South Africa today is how to build on this to tackle our most pressing social challenges: public education, health, and unemployment. Confidence is a key ingredient in any successful endeavour.”last_img read more

WEF Africa 2016: How do we deliver shared prosperity across the continent?

first_imgImportant questions will be discussed in Kigali, Rwanda this week, as the World Economic Forum on Africa gathers under the theme “Connecting Africa’s Resources through Digital Transformation”. We take a look at the meeting’s main sub-themes.WEF Africa is taking place in Rwanda’s capital of Kigali. (Image: Government of Rwanda, Twitter)There is widespread agreement that Africa needs to craft new approaches to trigger structural transformation. According to the Africa Competitiveness Report 2015, services are playing an increasingly important role in African economies, yet the share and value of services in regional and global trade are very low.In today’s increasingly connected world, with internet penetration at 26%, an integrated digital transformation strategy for Africa is imperative.For these and other reasons, the 26th World Economic Forum on Africa will address the following main sub-themes.Governance and institutionsMany countries in Africa have fully liberalised their ICT markets and are reaping the benefits in increased investments and use.How will ICT drive Africa’s digital transformation? Informal employment forms the largest proportion of employment opportunities, about 77% in 2012, despite inadequate working conditions and social protection regimes.How is e-government transforming service delivery in the informal sector? Regional trade agreements are becoming more complex, particularly in light of negotiations of new mega-regional trade agreements that could lead to a $2.7-billion loss of Africa’s exports.What is the future of regional trade agreements in the world trading system? More than 500-million smallholder farmers in Africa are still dependent on rain-fed agriculture.How can climate-smart food systems transform their lives? In 2015 only 11 African countries offer liberal visa access to all African citizens.What visa innovations can facilitate the movement of people within the continent?Foreign direct investment flows into Africa have remained stable at $54-billion, while they fell 16% globally.How can Africa’s leaders reduce the risk perception and attract higher investment? Finance and growthAbout 20% of African households have access to formal or semi-formal finance.How is technology transforming Africa’s financial services industry? Africa is home to nine of the world’s 15 fastest growing economies and is an increasingly attractive environment for global business investments.How will the continent continue to grow in the face of a slowing global economy? By 2040, renewables could provide more than 40% of all power-generation capacity in the region.How can smart grid solutions enhance investments in renewable energy? External sources of financing have increased from $5-billion in 2003 to $30-billion a year in 2012, leaving a financing gap of $50-billion to fill.How can innovative partnerships bridge mega infrastructure financing gaps? Smart mining, the integration of ICT solutions in the entire supply chain of the mining industry, is projected to reach $13-billion by 2020, up from $5.12-billion in 2013.What technologies are transforming the mining industry in Africa? Factory activity accounted for 10% of Africa’s GDP over the past decade. Manufacturing is widely considered to be the ideal industry to drive Africa’s development due to the labour-intensive, export-focused nature of the business.How is distributed manufacturing transforming production and competitiveness? Human development and entrepreneurshipEducation policy can accelerate literacy and digital skills training in primary, secondary and tertiary education.What digital platforms are accelerating skills development? Africa has one of the highest mobile phone penetrations in the world.How are mobile health technologies transforming healthcare? According to United Nations Conference on Trade and Development, global creative services are growing significantly, yet Africa contributes only about 1%.How is the wireless revolution transforming Africa’s creative industries? The potential annual economic losses due to gender gaps in labour participation are estimated at $255-billion in sub-Saharan Africa.What innovations are bridging the science gender gap? Young consumers are driving offline sales through online traffic. This potential will increase as Africa’s middle-class consumers grow from about 355-million people to 1.1-billion over the next three decades.How is digital disruption changing the retail landscape in Africa? About 40% of Africans live in urban settlements, leading to increased traffic congestion and dwindling access to water and sanitation.How can smart cities improve water and transport management? South Africa will be sending a delegation to Kigali for the conference. Follow them on Twitter using #SAinKigali.last_img read more

PM condoles passing away of Dara Singh

first_imgPrime Minister Manmohan Singh Thursday expressed deep grief over the passing away of wrestler-actor Dara Singh and said he had been an inspiration and icon to many generations in the country.Dara Singh, a former Rajya Sabha member, died at his home in Mumbai following a brief illness. He was 84.In his condolence message, the prime minister said: “I am deeply saddened to learn of the passing away of Shri Dara Singh, who has been an inspiration and icon to many generations in our country.””A self-educated son-of-the-soil, he rose to the heights of the entertainment world, sports arena and public life with humility and grace. His contribution to the Hindi and Punjabi cinema, wrestling and the Upper House of the Parliament will be remembered by millions.”last_img