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.

Attachment

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

GlobeNewswire Distribution ID 8855607

A total of 60 percent trees planted in Tema in 2021 survived

Ms Mary Kubualor, Tema Metro Horticulture Officer said that 60 percent of seedlings planted during the 2021 tree planting exercise within the Tema Metropolis have survived.

Ms Kubualor, during an interview with the Ghana News Agency in Tema indicated that about 5,000 seedlings were shared for planting during the exercise to mark the Green Ghana initiative in Tema.

Adding that, 1,252 seedlings were planted within the locality at Tema East and Tema Central whilst 3,800 seedlings were planted outside the locality.

She attested how the survival rate of seedlings planted was high and explained how some seedlings in the month of May this year have been replanted due to some factors like climate change, overgrazing, bush burning, and reckless packing of trucks by drivers which destroys plants.

She explained that to ensure that seedlings germinated well, workers in the department undertook routine maintenance activities like watering, mulching, stirring, application of manure, and circular weeding to improve the soil’s health.

‘When we plant seeds at various places, we don’t leave them, we go around to inspect how the plants are surviving. We also have a weekly, monthly, and yearly assessment and evaluation on the state of the plants’ she said.

Ms Kubualor said that according to the bye-law enacted to promote a green environment, a fine of GHS5,000.00 would slap persons without permits for the felling of trees.

She encouraged individuals to prioritize tree planting in and around their homes as it regulated the air quality temperature.

Mr Frank Asante, Public Relations Officer for Tema Metropolitan Assembly, added that to ensure the approved plan for land use within the metropolis, the Physical department manages activities with the Horticulture Department to promote the cultivation and conservation of medicinal and aromatic plant species in the metropolis.

‘The physical planning department also sets out approved plans for the planting of trees and directs on which areas of land within the metropolis are inappropriate to plant trees,’ he said.

Source: Ghana News Agency

Lack of rainfall hinders Green Ghana activities in Upper East Region

Dry weather condition and lack of rainfall in the Upper East Region are likely to affect the tree planting exercise planned to mark Green Ghana Day.

The delay in rainfall in the region has also affected the crop planting season this year.

Mr Emmanuel Omane, the Officer in charge of the Bawku Forestry Division, said the tree growing target for 2023, in the Bawku enclave, was 8,000 trees, made up of teak, cassia, Mango and cashew, expected to be trans planted when the rains begin but a ceremonial tree planting exercise would be held at the forecourt of the Bawku West District Assembly, to mark the Green Ghana Day.

Mr Omane said this year’s exercise, which focused on Bawku West, would be preceded by a float procession on the principal streets of Zebilla to the custom barrier, followed by some distribution of tree seedlings.

The Bawku Forest Division Manager who spoke to the GNA in an interview also noted that in 2021 the survival rate for trees planted was 38 per cent out of the 16, 000 trees planted in the Bawku Municipality and in 2022, 160,000 trees were planted with survival rate of 52 per cent.

Mr Omane said the intervention had been good and survival rate also very encouraging in the Bawku enclave, with the current performance of 52 per cent and a target of 60 per cent survival this year.

Meanwhile, Mr Henry Opoku-Boateng, the Bolgatanga Forest District Manager, said the district targeted to transplant 285,000 trees but would start with a small number of tree seedlings since the soil was too dry for transplanting.

He explained that it would be difficult to water many young trees hence mass transplanting would be done as soon as there is good rain fall.

He said the dignitaries would plant a few trees, ‘We will wait and if by Monday we have rain we will plant more of the trees, if we plant more, we will not be able to water them, and they are likely to die.’

The trees would be planted in the Bolgatanga East, Talensi, Nabdam, and Bongo districts, and the Bolgatanga Municipal.

From the number, he said 35,000 trees would be planted in the off reserves and 250,000 in the forest reserve namely the Tankwidi East Forest Reserve and the Red Volta West reserve where 30 per cent of the trees planted last year survived.

Source: Ghana News Agency

TUDRIDEP support out of school Youth with Poultry Birds and Rabbits

Mr. Aloysius Kanchog, the Executive Director of Tumu Deanery Rural Integrated Development Programme (TUDRIDEP), has supported out-of-school youth with 780 poultry birds and 120 rabbits.

It follows an earlier training on entrepreneurship for 50 selected youth from Sissala East and West Districts.

The TUDRIDEP is a Non-governmental Organization (NGO) implementing a project to support out-of-school youth to go into agribusiness, specifically poultry and rabbit rearing.

At a community durbar to distribute the birds and animals, Mr. Kanchog emphasised that the project, dubbed: ‘Strengthening Rural Youth Livelihood for a Sustainable Economic Development (SUSTAIN)’, urged the beneficiaries to take good care of the birds and rabbits to reap the benefits.

The beneficiaries were also supported with medications to keep their birds and poultry healthy and linked to markets to sell their birds and animal.

Mr Techie Daniel Bakuwie from Taffiasi who received 75 poultry birds said he had long wished to be a poultry farmer and this was his beginning.

KGL Foundation, in collaboration with TUDRIDEP, said it was committed to empowering the youth through animal rearing.

Source: Ghana News Agency

Coalition reiterates need for health data governance framework

There have been intensified calls on governments to prioritise the development of a global health data governance framework that will form the basis for national legislation on the collection, management, storage, usage, and disposal of health data.

The calls have become necessary as the current lack of agreed regulatory standards to govern the collection and use of health data had created uncertainty about how health data could be used within countries and across borders.

A statement signed by Mr Samuel Queye, the Programmes Manager of Curious Minds Ghana, a member of the Ghana Health Data Governance (HDG) Coalition, and copied to the Ghana News Agency (GNA) in Wa, said the lack of the framework ‘means that (health) data is not being maximised for the public good.’

The Curious Minds Ghana, a young people-led organisation, brought together representatives of selected organisations actively involved in people’s health and well-being advocacy, especially champions of Universal Health Coverage, to strengthen and sustain in-country campaigns and education on the need for HDG Framework.

The statement added that the HDG framework gap also risked leaving many people behind in developing new medicines and technologies or planning for the provision of health services to the wider population.

‘Across the world, the level of access and control people have over their electronic health data is limited by the lack of clarity by patients and providers of their rights and responsibilities in relation to people’s health information.

‘According to some estimates, 30% of all data produced is generated by the healthcare industry.

Yet most people remain unaware of how this data is collected, who is collecting it, where it is being stored, what it is being used for, and why. Health data remains poorly regulated at national level’ the statement said.

The statement said people’s uncertainty and concern over who had their health data, how it was being used and for what purpose, could erode trust between people and health service providers.

Earlier this year, Transform Health launched the ‘My Data Our Health’, a global campaign led by community-based organisations, to raise awareness and galvanise action on the issue of health data, and to encourage a public and political conversation around health data collection and use.

The statement quoted Mathilde Froslund, Executive Director of Transform Health, as saying: ‘Health data lies at the intersection of personal privacy and security, and the protection and well-being of the population.’

‘Therefore, (there is) the need to ensure a regulatory system regime that people know about and trust, and where institutions can have public approval and support to access and use our most intimate personal data for the public good while ensuring our rights and privacy are protected’, she added.

The statement said those regulatory standards need to be underpinned by equity and human rights-based principles such as the Health Data Governance Principles, which had already been endorsed by over 140 organisations and governments.

It said the HDG framework would lead to stronger and more equitable health systems, improved health emergency and pandemic response, and improved research and innovation as well as advance the UHC goals.

Source: Ghana News Agency

Government urged to significantly increase feeding grant for basic schools

The Northern Network for Education Development (NNED), a network of Ghanaian Civil Society Organisations, has called on the government to increase the feeding grant per child for basic schools under the School Feeding Programme.

It argued that the government’s proposed GH?1.20 was not good enough for each child under the programme and was woefully inadequate to provide the quantity and quality of food desired, considering the economic difficulties in the country which had led to crease in prices of items including foodstuffs.

It said reviewing the programme and increasing the grant per child would ensure that quality food was prepared for the children while increasing the quantity of food served to promote satisfaction and improve academic work.

Members of the Network made the call through the Ghana News Agency after a familiarization tour to some selected basic schools in the Bolgatanga Municipality and the Talensi District in the Upper East Region.

The tour, which took them to Akantome primary and Dapoore primary in the Bolgatanga Municipality and Talensi District respectively was to interact with authorities of the schools and in particularly find out the situation in the schools with regards to the school feeding programme.

Mr Samuel Ofori Boakye, the programmes Manager, Link Community Development, one of the CSOs of the NNED, explained that during the visit to the schools, it discovered although, many caterers across the country were on strike; caterers in those schools were present and had been cooking since schools reopened.

He, however, disclosed that the authorities in the schools complained that the food served the pupils was of poor quality and the quantity had also been small.

He said, ‘the government will have to take a second look at the school feeding programme, looking at the numbers involved, and expand the sources to rope in other donors to ensure that the children are given quality meals and good quantity that they need.

‘At the end of the day, we should be looking at not the mere fact that we are feeding the children, but we are also looking at it in terms of nutritious nature of the food so that when the children take the food, it does not provide any opportunity whereby there would be ill health.’

The government had proposed to increase the grant per child under the school feeding programme from 97 pesewas to GH?1.20 but the caterers had opposed the idea, indicating that it would not help prepare nutritious food for the children.

They have since proposed GH?3.50 per meal for each child, but the government is adamant resulting in many of the caterers demanding the payment of their arrears and increasing of the feeding grant.

Mr Boakye was accompanied by Mr Raymond Ayinne, the External Affairs Manager, AfriKids Ghana, one of the CSOs of NNED.

Source: Ghana 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 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)