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MONDAY | MAY 19, 2014 Title Code: DELENG18579 • RNI NO: DELENG/2014/54666 • Postal Registration No.: DN/325/2014-2016 • VOL. 1 • NO. 19 • Page 12 • Price `10

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what makes mozambique so special??

miss Fine Face gets $5,000 From kcee

Modi in Power with new ApproAch to

AfricA

sustainability throughinnovation

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world economic Forum first time in nigeria

world will see tourism returning to

egypt

Wassupafrica02World Economic Forum first time in Nigeria

Indian Ocean Rim Association (IORA) Tourism and Travel Mart to be held in Seychelles

The 2014 World Economic Forum (WEF) on Africa ended up in the Nigerian capital, drawing investment worth more than 68 billion U.S. dollars. More than 900 leaders from business, government, civil society and academia participated in the three-day meeting from 7th to 9th May.

According to the WEF’s Africa Director Elsie Kanza said: “A Nigerian company would invest about 16 billion dollars over the next four years, which will create around 180,000 jobs. Another company will invest 1 billion dollars over the next 10 years and which will create at least 20,000 jobs”. “A total of 2 billion dollars from donor agencies has been committed to improve electricity supply across Nigeria, and 700 million dollars to the immunization program,” she added.

It was the first when this three-day event of World Economic Forum, under the theme of “Forging Inclusive Growth, Creating Jobs,” was held in a West African country.

As part of the WEF programme, Nigeria’s Minister of Petroleum and Minister of Power co-chaired a special session on the African energy outlook, moderated by Dr. Birol and with the partaking of

It has been confirmed that the Seychelles will be hosting the 2014 Indian Ocean Rim Association (IORA) Tourism and Travel Mart which from the 19th to 21st September 2014.

The aim of the 2014 Indian Ocean Rim Association (IORA) Tourism and Travel mart is to bring together policy makers and stakeholders in the tourism and travel industry. This will include both the Seychelles, Regional and International Tourism Organisations, Travel Agencies, Hotels, Tour Operators and Airlines under the same roof.

The Tourism and Travel Mart is also an opportunity to bring together Tourism Ministers of the Indian Ocean Rim Association (IORA) member states which would be the perfect occasion to discuss the possibilities of strengthening and expanding the regions tourism industry.

Minister Alain St.Ange, the Seychelles Minister responsible for tourism and Culture has personally written to Ministers of Tourism from the Indian Ocean Rim Association (IORC) to invite them to attend and participate actively in this important regional event.

The decision for the Indian Ocean Rim Association (IORA) to host their Tourism and Travel Mart in Seychelles was taken when Minister Alain St.Ange, the Seychelles Minister responsible

selected high-level personalities, counting the USAID Administrator, the Minister of Energy of Benin, the Deputy Minister of Power of Ghana, the UN Special Representative for the Sustainable Energy for All initiative and top executives from Shell, Mitsubishi, Dow Chemical, ENI and other companies.

In the context of WEF Summit, the IEA Chief Economist conveyed keynote demonstrations at sessions deliberating the prospect of electricity and the impending impact of climate change on the continent. He also had several bilateral meetings, including with Nigeria’s Minister of Petroleum, Minister of Power and Governor

of the Central Bank, as well as with Japan’s Vice Minister for Environment and the Ambassadors of several IEA members: Italy, Japan, Norway, the United Kingdom and the European Union (who also hosted a dinner with 15 high-level participants).

The status and effectiveness of the “Africa Energy Outlook” study were consistently documented, with reference of its latent to add significantly to the continent’s development. This was imitated by the level of engagement by government and central bank of Nigeria, which will be sending a senior official to the IEA to work on the report.

for Tourism and Culture met with the IORC Secretary General, Mr K.V. Bhagirath at his organisation's headquarters in Mauritius. The Indian Ocean Rim Association is a 19 Nation group pushing for Regional Cooperation.

India, Bangladesh, Australia, Indonesia, Iran, Kenya, Madagascar, Malaysia, Mauritius, Mozambique, Oman, Singapore, South Africa, Sri Lanka, Tanzania, Thailand, the United Arab Emirates, Yemen and Seychelles and members of the Indian Ocean Rim Association (IORA) with China, Japan, Egypt,

France and Britain having the status of dialogue partners in the group.

During the meeting in Mauritius in 2013 between Minister Alain St.Ange, the Minister of Tourism and Culture of the Seychelles and Mr K. V. Bhagirath, the Secretary General of the Indian Ocean Rim Organisation (IORA) the strengthening cooperation between the Indian Ocean Rim Association (IORC) and the Indian

The first phase of an electrification project at Drobonso, the capital of Sekyere Afram Plains, has been completed. This was made possible through efforts of the Ministry of Energy to connect people in the newly created district to the national grid. Under the first phase of the project, only streetlights have been connected to the national grid, while the second phase, yet to be started, would be the wiring of the various households and installation of electric metres. A 14.2 km stretch of electric poles wiring commenced on September 15, 2013 and was completed on December 15, 2013. The Resident Engineer, Mr Kwadwo Asare of the Wilkins Engineering, told the Daily Graphic that power was connected from Deduako near Atebubu in the Brong Ahafo Region to Drobonso. At a ceremony at Drobonso, both the Member of Parliament for Sekyere Afram Plains, Mr Alex Adomako-Mensah, and the District Chief Executive, Mr Donkor Fuseini, were assisted by the Dronbonsohene, Nana Dwamena Dankwa Dwubisiaw, to inaugurate the first phase of the project. He pledged his support for the electrification project at Drobonso, as that was his place of abode, and called on the government to quicken efforts to commence the second phase, when electricity would be extended to the various households.

After the inauguration, the street lights would be working for about two weeks after which they would be disconnected to avoid the situation whereby residents could indulge in illegal wiring. The MP indicated that only three districts in the country including Sekyere Afram Plains had benefited from the government's rural electrification project. He further indicated that the project was approved in May 2013 to allow rural communities to be hooked on to the national grid. He said light was life, and asked the people of Drobonso, particularly schoolchildren, to take advantage of the streetslights to learn and improve their academic lives. The DCE, for his part, said the assembly was quickening efforts to collaborate with ECG to begin the second phase of the project as soon as possible. He said of the 1,500 households, about 800 of the residents had paid or registered their electric metres, and called on others who had not registered to do so in time. He said the assembly would liaise with the ECG to help educate the people on the use of electricity in their various homes. He however, advised the people to guard against illegal connection within the period.

Modern Ghana

First phase of Drobonso electrification project completed

Ocean Vanilla Islands Regional Organisation was also discussed as it now accepted that the importance of the Indian Ocean, the world's third largest as a trade corridor and energy highway, is being seen as undeniable as it provides passage to half of the international container ships and more that 70 percent of crude and oil shipments. The meeting in Mauritius followed the Vanilla Islands Ministerial Meeting in Madagascar on the 1 june 2013 after Minister Alain St.Ange of the Seychelles had been re-elected to a second term

of office as President of the Vanilla Islands following a joint motion presented by La Reunion, Madagascar, Comoros and Mayotte for the Seychelles Minister responsible for Tourism and Culture to consider leading the organisation for a second year.

Minister Alain St.Ange of the Seychelles has said that he was thrilled to be welcoming Member States of the Indian

Ocean Rim Association (IORA) to the Travel Mart in Seychelles. "We are a good destination to be used as the example to showcase tourism. Our tourism industry remains the pillar of our economy and yet we have managed to remain environmentally friendly and developing a sustainable style of tourism." Minister St.Ange of the Seychelles said.

Ministry of Tourism and Culture, Seychelles

MONDAY | MAY 19, 2014

BUSINESS REGISTRATIONBusiness Registration at Registrar General’s Department (RGD)All Limited Liability companies are expected to fill out the relevant Application Forms, which serve as the Company’s Regulations. All companies must have an auditor, who must be a member of the Institute of Chartered Accountants, but should not be an officer or servant of the company or be an employee or partner of such persons. When all such forms have been filled satisfactorily and relevant fees paid, a Certificate of Incorporation and a Certificate to Commence Business are issued. Below are the basic costs and fees applicable at the RGD office.

Cost of RegistrationITEmS FEE (GHS) FEE (USD)Registration Form 10 5.261(A)Limited LiabilityIncorporation 120 63.16Certification 15 7.89Filing of form 3 & 4 40 21.05Commencement 0.5% of Stated Capital 0.5% of Stated CapitalAuditor’s Fee Varies

Note: The exchange rate used in the table above is USD/GHS=1.9. It is subject to change. Register with the Centre (GIPC)The GIPC is responsible for registering all Enterprises in Ghana.

Application Procedure: Investors are required to complete Investor Registration Forms (Form GIPC/R1) in triplicate. Within five (5) days from the date of orderly receipt of these forms (and its attachments) the GIPC will formally register the investment.

STEP

1

STEP

2

Ghana’s wealth of resources, democratic political system and dynamic economy,

makes it undoubtedly one of Africa’s leading foreign investment destinations.

Gaining the world’s confidence with a peaceful political transition and a grounded and firm commitment to democracy has helped in expediting Ghana’s growth in foreign direct investment (FDI) in recent years. Ghana has attracted the attention of well-known international businesses, investing in all sectors of the economy.

Building on significant natural resources, Ghana is committed to improving its physical infrastructure. Moreover, Ghana

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US$200.00

Expatriate Employment QuotasAutomatic expatriate employment quotas allowed for foreign companies are – » Investment of US$ 50,000 to

US$ 250,000 – 1 quota » Between US$ 250,000 & US$

500,000 – 2 quotas » Between US$ 500,000 & US$

700,000 – 3 quotas » US$ 700,000 and above – 4

quotas.

Taxes Companies operating in Ghana are liable to pay varied levels of taxes depending on the sector of operation, and the location of the project and whether the company is

GhAnAINVESTING IN

Ghana Immigration ServiceThe Ghana Immigration Service has been established as the agency of the government of Ghana to advise on and to ensure the effective implementation of all laws and regulations pertaining to immigration and related issues. The Ghana Immigration Service is mandated to regulate and monitor the entry, residence, employment and exit of all foreigners. Movement of Ghanaians in and out of the country is equally monitored.Resident Permit/Person (ECOWAS) (GH¢100) / US$ 42.00Resident Permit/Person – Others (GH¢200) / US$ 84.00Re-Entry Permits (Single/Multiple) (US$50)/(US$100.00)

Ghana Investment Promotion CentreAutomatic Quota (per person) US$500/ GH¢950Additional Quota (per person) US$2,500/GH¢4,750Replacement of Quota (per person) US$500/ GH¢950Short term Quota: 1 year & below US$2,500/GH¢4,750Short term Quota:2-3 years US$3,500/GH¢6,650

has embarked on an ambitious but achievable reform programme to improve the investment climate for both local and international investors.

Ghana has a solid tradition of investments in agriculture and agro-processing.

The financial services and telecommunications sectors are fast gaining ground, providing dynamic and innovative services to the most diverse customers in the world. Further opportunities exist in manufacturing, ICT, and Tourism. Mineral deposits including gold and diamond abound; Ghana started commercial production of oil in December 2010 and further explorations are ongoing.

COST OF DOING BUSINESS IN GHANALabour / EmploymentThe Labour Act 651 of 2003 regulates employment and labour issues in Ghana. This Act consolidates all laws relating to labour, employers, trade unions and industrial relations.

The Value of LabourThe current minimum wage is at GHS4.48 per day as at February, 2012. Also below is the average salary for unskilled, semi-skilled and skilled workers.

listed on the Ghana Stock Exchange. Taxable profits are based on profits declared in audited accounts subject to adjustments made for capital allowances. For more information on the tax rates in 2011 visit Website: www.irs.gov.gh

Locational Incentives (Tax Rebates)a) Manufacturing industries located in: » Accra and Tema 25% » All other regional capitals

18.75% » Located outside regional

CATEGORY OF AVERAGE MINIMUM AVERAGE MAXIMU WORKER ANNUAL SALARY/US$ ANNUAL SALARY/US$UNSKILLED 1,799.59 5,709.27SEMI-SKILLED 1,981.82 6,886.01SKILLED 5,008.55 27,467.50

The following are some other fees and charges expected in the case of the employment expatriates resident in Ghana.

Ghana Free Zones BoardResident Permit/Person/Year -

capitals 12.50%

b) After the initial 5-year tax holiday period, Agro-processing enterprises which use local agricultural raw materials as their main inputs shall have corporate

tax rates fixed according to their location as follows: » Accra – Tema 20% » Other Regional Capitals (except

Northern, Upper East and Upper West Regional Capitals) 10%

» Outside Regional Capitals 0% » Northern, Upper East and

Upper West Regions (capitals and all other locations)0%

ExemptionsIndustrial plant, machinery or equipment and parts thereof are exempted from customs import duty under the HS Codes chapter 82, 84, 85 and 98. An enterprise whose plant, machinery or equipment and parts are not zero rated under the Customs, Excise and Preventive Service Management Act, 1993 may submit an application for exemption from import duties and related charges on the plant, machinery or equipment or parts of the plant, machinery or equipment to the Centre.

Investment Guarantees » Constitutional guarantee

» Investment laws which guarantee 100% transfer profits, dividends, etc.

» MIGA membership » Bilateral Investment Promotion

Treaties (BITs) » Double Taxation Agreements

(DTAs)

Income tax incentives are provided under the Internal

Investment Incentives - Tax Holidays (From Start of Operation)SECTOR NO. OF yEARS PERCENTAGE(%)Real Estate 5 years Rural Banks After 10 years 8% tax holiday Cattle ranching 10 years Tree cropping (e.g. coffee, oil 10 years palm, shea-butter and coconut) Livestock excluding cattle 5 years and poultry Fish farming, poultry and 5 years cash crops Agro-Processing – converting 5 years fish, livestock into edible canned products Waste processing (including 7 years plastics and polythene Free Zones Enterprise/ 8% Development (after 10 years of operation)

Revenue Act, 2000 (Act 592) and further amended by Internal Revenue (Amendment) (No.2) ACT, 2006 (ACT 710)6.

MONDAY | MAY 19, 2014

Let’s not create JOBSLet’s create JOB creators

SUSTAINABLE ENTERPRISES

HAND HOLDING

BUSINESS DEVELOPMENT

TRAINING

INCUBATOR

LOCAL ENTERPRENEUR SKILL DEVELOPMENT & EDUCATIONAL PROGRAM

taLkiNGtecHnoLoGy08

Zydex Industries is a dynamic, research driven organization. With a modest beginning

in 1997, Zydex® has rapidly evolved into a multi-product, multidiscipline organization catering to businesses like Textiles, Waterproofing, Paints & Sealers, Roads, Agriculture and Industrial Chemicals.

Zydex® is promoted by Dr. Ajay Ranka, a Chemical Engineer with Ph. D in Polymer Sciences from USA. Dr Ranka has many US, European and Indian Patents to his credit. Under his dynamic leadership, Zydex is poised for leading a global revolution in the areas of Road Infrastructure & Rural Development, using Nanotechnology.

Zydex R&D lab is working on the anticipated needs of tomorrow with a focus on sustainability. We are deeply committed to developing sustainable and eco-friendly chemical technologies for all our divisions. We also practice sustainability concept by meeting 90% of our electricity requirements through wind energy.

Zydex nanotechnology based road related products holistically provide a top-down approach to address moisture and bonding issues related to asphalt layer, prime coat, tack coat and soil base. All our products are green, easy to use, and offer excellent value for money.

The road solutions pave the way for future green roads and highways, with significantly increased moisture resistance & durability, energy savings and lower construction/maintenance costs.

Globally, Zydex operates in over 40 countries through its subsidiaries and professional distribution network.

ZyDEx VISION Vision: To create a sustainable future for the world by achieving

‘Resource Extension’ economically, by reducing usage of limiting resources and extending life cycle.

Roads are the lifeline for the health & sustained growth of any economy. Zydex is set to revolutionize road construction, with a complete suite of nanotechnology based products which holistically provide solutions to address moisture and bonding issues related to asphalt layer, prime coat, tack coat and soil bases.

The road solutions pave the way for future green roads and highways, with significantly higher moisture resistance & durability, energy savings and lower construction/maintenance costs.

NANOTECHNOLOGyNanoscience and nanotechnology are the study and application of extremely small objects. It is widely used in India, in the fields

of chemistry, biology, physics, materials science, and engineering. Owing to many unique characteristics of nanotechnology, newly developed nano based products can significantly solve hitherto unsolved problems.

The reason why Nanotechnology is so innovative and revolutionary lies in quantum mechanics.

Behavior of matter changes significantly when the surface area to volume ratio increases dramatically. Classical physics no longer controls the behavior of the material which is now under the control of quantum laws.

This fact gives the nano-

CHALLENGES AND SOLUTIONS Bulk of pavement deterioration is due to moisture ingress. Water ingress in to soil bases causes undulations and cracking of the top pavement layers. The situation is further aggravated in cold countries, where freeze-thaw cycles are common.

Asphalt pavements are highly susceptible to water-induced damage, mainly due to stripping (de-bonding of asphalt from aggregate stones). This results in raveling, potholes etc.

Non-availability of good quality aggregates, need to pave in sub-optimal conditions

ZyDeX iNDUsTriesTack Coat- Chemically Bonded Tack Coat

� Excellent bonding of bituminous surface to the tack coat

� Improves stability, lowers surface tension of cationic bitumen emulsion; Reduces droplet size and improves spray coverage

� Allows better wetting, spreading, Quick sets with reduction in bitumen emulsion per SQM

Prime Coat-Quick Penetrative Priming in One Hour

� Ensures excellent spreading, deep penetration and

make it cost negative � Uniform spraying, no nozzle

chocking

Subgrade- Waterproof In-situ Soils to make Impermeable Layers

� Eliminates capillary rise and expansion and contraction cycles in Sub Grade

� Creates breathable waterproofed layer, prevents water entry in to soil but allows Water Vapour to escape out

� Retain strength, maintains frictional value between silt, sand and clay particles.

Side Shoulder & Slopes - Waterproofing & Bonding of Soils

� Arrests soil erosion

Environment friendly Zydex Nanotechnology conserves limiting resources like aggregates and bitumen. It also allows use of in-situ soils minimizing use of fuel for transporting good soils over long distances. At the time of construction it minimizes odor and fumes from the bitumen mixes making it friendly to the paving crew.

Zydex Nanotechnology ensures all-season, pothole-free roads; ensuring trouble free driving, faster transportation leading to a healthy economy.

For more details email to info@zydexindustries.com or visit www.zydexindustries.com

SUSTAINABILITy THROUGH INNOvATION

structured material new abilities and properties that may be more favorable than the ones of the bulk material version. A good example is that some polymers, although being insulators in the bulk form, they become semiconductors at the nano scale.

Today scientists and engineers in India are exploring variety materials at the nano scale, to avail benefits of their enhanced properties viz. higher strength, lighter weight, increased control of light spectrum, and greater chemical reactivity than their larger-scale counterparts.

Nanotechnology: Zydex has developed waterproofing products for Soil, Concrete, Stones, Bricks & all siliceous substrates. For road construction, Zydex offers a chemically reactive anti-strip nanotechnology for durable

(low ambient temperatures) etc are examples of some other challenges faced.

Zydex Nanotechnology can easily overcome these issues.

INNOVATIVE SOLUTIONResearch teams at Zydex Industries; have developed world’s first innovative silane nanotechnology for roads. Zydex Nanotechnology ensures

� Chemical bonding, complete coating & consistent compaction of the Asphalt layers.

� Chemically bonded, Tack free Tack coat for 100 % stress transfer.

� Penetrative, quick setting, waterproofed, tack free Prime coat.

� Soil stabilization & Waterproofing of road bases & slopes.

� Moisture resistant, maintenance free, sustainable roads.

NANOTECHNOLOGy FOR LONG LIFE PAVEMENTS Asphalt Layers - Binder Course & Wearing Course

� Eliminates de-bonding / stripping

� Higher Pavement Strength- Increased TSR’s/Marshall strength with similar flow value

� Consistent and higher compaction densities with same compaction effort/lower passes

waterproofing to get tack free surface

� Eliminates tire pick up � Enables wetting, spreading

and reduction in emulsion to

nanotechnology paves way to a ‘Greener tomorrow’ by saving energy.

Dr. AjAy rAnkA, Chief exeCutive offiCer (Ph. d. Polymer Science uSa)

roads. It reacts with aggregates to form ‘asphalt-loving’ non-polar hydrophobic aggregate surfaces at HMA processing temperatures.

It eliminates de-bonding of asphalt mixes caused by inadequate and incomplete coating, coupled with moisture ingress and enhances durability of asphalt pavements.

MONDAY | MAY 19, 2014

eNCouNteR WitH eDitor12

Excellency, you have a distinguished career, how would you comment on your this posting on serving Government of India in Seychelles, an African country?

I feel deeply honoured to represent India in this beautiful and friendly country Seychelles with whom we have close cooperation and relationship, much before independence, culturally and at all levels & sectors after Independence of Seychelles. My experience as a representative of India in this country for the last more than two years has been very fruitful and great learning experience.

Seychelles is endowed with mesmerizing landscape and beautiful beaches is a perfect destination for holidaying. How do you strategize to attract more tourists from India?

Seychelles is a great tourism destination, which attracts tourists from many parts of the world. Though the number of tourists from India to Seychelles is small, it is gradually increasing.

We are working together with the Government of Seychelles and various agencies in India as well as in Seychelles to increase tourism cooperation. One of the bottlenecks in this venture is lack

of direct airlinks, which I feel, would be operational sometime by the end of the year. I am hopeful that this will help more tourists to come from India to this country.

In addition, the first Seychelles India Day celebrated last year in October had tourism promotion as one of the objectives. I am sure, the event has achieved and would be achieving this objective in the years to come.

What is the percentage of Indian

Diaspora in the country and how they are contributing to the economy?

The Indian diaspora, who roughly form about 7 to 10% of the population and are mostly from various economic & commercial walks of life have contributed to the economy of Seychelles.

Most of them are in sectors such as construction, retail business, finance, hospitality, etc.

After the success of 1st India Day that took place in Seychelles in November 2013, which other events are anticipated to take place in future?

I would like to say that the first Seychelles India Day was held in October last year and is proposed to be held every year. In addition to this, we expect to be able to take part in holding other cultural

events on various occasions, such as Carnival in Seychelles, the National Day, India’s National Day, Diwali and the like.

Seychelles has joined hands with Sri Lanka for the development of the ‘Blue Economy’ as a means of protecting and better utilizing marine resources. In your view, how can India take advantage by applying this concept of Blue economy?

Blue Economy is an issue which is gaining popularity and people have started to understand the meanings and implications. India also, having many islands and also having a big part of the country bordered by blue seas, could take advantage of the resources of the seas. I feel, there are many ways & means and areas in which India and Seychelles could cooperate in taking advantage of the resources of the seas.

Piracy is a big threat for the country. Please give us your insight on the same and what efforts have been done to overcome this challenge?

Since piracy has threatened the region, Seychelles and India have cooperated in various ways to combat the threat.

We have cooperated in capacity building for Seychelles. We have given to

Seychelles a Patrol Vessel Topaz as well as Dornier Aircraft for use for the same purpose. In addition, we have extended cooperation to Seychelles through deputation of maritime Security Adviser and a Technical Adviser as also through positioning of a Dornier Aircraft with full complement of crew for about two years till the time Seychelles received its own Dornier Aircraft gifted by India.

Moreover, we have also assisted Seychelles in deploying Indian Naval vessels to patrol the EEZ of Seychelles.

What kind of visa assistance is forwarded by the Indian High Commissioner to ease the coming of Indian people to Seychelles?

Seychelles does not require advance visa arrangement for Indians or for anybody who likes to visit. Therefore, there is no need of specific assistance.

your views on the last visit of the Vice President of Seychelles to India?

We are deeply honoured that Vice President of Seychelles H.E. Mr. Danny Faure has participated in the Delhi Sustainable Development Summit 2014.This is the first such visit by the Vice President of Seychelles to India. The visit has contributed strong dynamism to the bilateral relationship.

H.E. Mr. Thanglura Darlong took over reins as High Commissioner of India to the Republic of Seychelles in August 2011. The High Commissioner is putting his best foot forward for the expansion of stronger relations between both the countries. In a candid interview to IAT, the envoy stressed the need for India to put on the concept of Blue Economy to take better advantage of the resources of the seas.

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i feel deeply honoured to represent india in this beautiful and friendly country

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