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Nov 7, 2013

African Development Bank Group | Press Release November 7, 2013: African Water Facility Turns Waste into Commercial Fertilizer and Energy, While Improving Sanitation Services for the Urban Poor, in Ghana.

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PRESS RELEASE

African Water Facility Turns Waste into Commercial Fertilizer and Energy, While Improving Sanitation Services for the Urban Poor, in Ghana

A waste treatment plant that can produce about 500 tons of fertilizer per year, and can generate about 580,000 kWh per year of electricity from the biogas produced from the process

ACCRA, Ghana, November 7, 2013/ -- The African Water Facility (AWF) (http://www.africanwaterfacility.org/en) signed a €1 million grant in favour of the Ghanaian NGO Training, Research and Networking for Development (TREND) to support an innovative sanitation scheme. The project, which is a tripartite collaboration among TREND, Safi Sana Ghana Limited and the Ashaiman Municipal Assembly, is designed to turn waste into bio-fertilizer and energy, whilst providing affordable and sustainable sanitation services for the unsewered urban poor communities of Ashaiman district of Accra.


Specifically, the AWF grant will finance the construction of a waste treatment plant that can produce about 500 tons of fertilizer per year, and can generate about 580,000 kWh per year of electricity from the biogas produced from the process. The project will also contribute to improving the hygiene, health and the quality of life of an estimated 125,000 underprivileged urban dwellers by providing them access to new, safe sanitation services through the expansion of the Ashaiman Municipality’s sanitation coverage.

“The African Water Facility supports resource recovery projects because it has shown to solve so many problems at once, especially where resources are scarce and access to affordable fertilizers and energy is low,” said Akissa Bahri, Coordinator of the African Water Facility. “While resource recovery systems help minimize environmental pollution, waste converted and sold as fertilizer provides much-needed affordable soil nutrients for farmers and families; and used as biogas, is a safer, cleaner and more affordable source of energy for more economically disadvantaged communities; it’s a clear win-win for the urban poor, the private sector and the environment.”

Marie-Laure Akin-Olugbade, Resident Representative of the African Development Bank in Ghana, underscored the Bank’s commitment to promoting innovative interventions and renewable energy in Africa. She invited all stakeholders to support the project’s tripartite arrangements to ensure the project’s successful implementation, for the realization of project outcomes and potential replication in other municipalities in Ghana and beyond. 

It is anticipated that the project will contribute to increasing private sector investments in the sanitation sub-sector, and to boosting business and economic development by promoting attractive, replicable business models for improved sanitation service delivery. With the ever-dwindling natural resources and the increasing oil and food prices, thinking innovatively is inevitable, and turning waste to bio-fertilizer and energy is poised to be very profitable business.

The project’s innovative aspects include:

•          The recovery of energy and nutrients from fecal and organic waste;

•          The establishment of market opportunities for the sale of products derived from waste;

•          The involvement of the private sector in the sanitation business and the generation of income for all operators and their staff part of the service supply chain, from waste collection, to transport, treatment and reuse;

•          The opportunity to demonstrate how Ghana’s new energy bill can be implemented through small strategic investment projects with the participation of the private sector and civil society;

•          The promotion of improved sanitation services and hygiene behaviour change.

The project was officially launched following the grant-signing ceremony held in Accra, Ghana, on Thursday, October 31, 2013, which was attended by representatives from the Ashaiman Municipal Assembly, the AWF, the AfDB, the Energy Commission and the Ministry of Food and Agriculture, Safi Sana Ghana Limited, and TREND.

Distributed by APO (African Press Organization) on behalf of the African Development Bank (AfDB).


Contact:
Katia Theriault, T. +216 71 10 12 79, M. +216 53 22 57 77, k.theriault@afdb.org

About the African Water Facility (AWF): The AWF (http://www.africanwaterfacility.org/en) is an initiative of the African Ministers’ Council on Water (AMCOW) hosted by the African Development Bank (AfDB) (http://www.afdb.org), established in 2004 as a Special Water Fund to help African countries achieve the objectives of the Africa Water Vision 2025. The AWF offers grants from €50,000 to €5 million to support projects aligned with its mission and strategy to a wide range of institutions and organizations operating in Africa. Its three strategic priority activities are (1) preparing investment projects to mobilize investment funds for projects supported by AWF; (2) enhancing water governance to create an environment conducive for effective and sustainable investments; (3) promoting water knowledge for the preparation of viable projects and informed governance leading to effective and sustainable investments. Since 2006, AWF has funded 84 national and regional projects in 51 countries, including in Africa's most vulnerable states.  It has mobilized more than €935 million as a result of its project preparation activities, which constitute 70 percent of its portfolio.  On average, each €1 contributed by the AWF has attracted €20 in additional follow-up investments. The AWF is entirely funded by Algeria, Australia, Austria, the Bill and Melinda Gates Foundation, Burkina Faso, Canada,  Denmark, the European Commission, France, Norway, Senegal, Spain, Sweden, the United Kingdom,  and the African Development Bank. The AWF is governed by a Governing Council representing its 15 donors, UN-Water Africa, the AU via NEPAD, AMCOW and the AfDB.  For more information: http://www.africanwaterfacility.org

The Economist | From the Desk of John Micklethwait, Editor: Editor's Picks November 7, 2013.

The EconomistThursday November 7th 2013 Editor's picks

Which European country faces the most turbulent future? Greece? Italy? In fact, the answer may well be comparatively prosperous Britain. In the next few years it could lose Scotland, leave Europe and see its politics fractured. In most of our editions, our cover leader presents a choice between Great Britain and Little England. But in America our cover looks at falling inflation: in both America and the euro zone, central bankers should be pushing prices upwards.

John Micklethwait, Editor-in-Chief


New York's mayor-elect
Don't screw it up
By choosing Bill de Blasio, New Yorkers have taken a risk with their city's prosperity
READ MORE »
Online video in China
The Chinese stream

China's online-video market is the largest and most innovative in the world. It is also the most competitive
READ MORE »
Civil wars
How to stop the fighting, sometimes
Bringing an end to conflicts within states is vexatious. But history provides a guide to the ways that work best
READ MORE »
Politics this week
The United States and Russia failed to agree on a date for a meeting this month in Geneva where all sides in the Syrian conflict were supposed to talk peace. Lakhdar Brahimi, the joint envoy of the UN and the Arab League, said he still hoped for a conference "before the end of the year".
SEE ARTICLE »

MORE FROM: POLITICS THIS WEEK »

NYT | ALERT FGC BOLSA - FGC FINANCIAL MARKETS November 7, 2013: The Mutilated Economy by Paul Krugman

The New York Times | MY ALERTS

FGC BOLSA- FGC FIN

Compiled: November 7, 2013 08:38:34 PM

Op-Ed Columnist

The long-term costs of short-run failure are piling up and up and up and up.

NYT | Asian Morning Today's Headlines November 7, 2013:

The New York Times
NYT Apps | Subscribe: Digital / Home Delivery

Thursday, November 7, 2013


Top News
Mario Draghi, head of the European Central Bank, said on Thursday that interest rates would stay low for an extended period of time.
European Central Bank Cuts Main Rate

By JACK EWING

The E.C.B. moved to stimulate the economy with an unexpected reduction of its benchmark interest rate to 0.25 percent, a record low.
. Bank of England Holds Rate Steady
Shipping containers at the Port of Los Angeles. Imports dropped during the quarter, which improved the trade balance and helped lift overall growth.
U.S. Economic Growth Beat Expectations in Third Quarter

By NELSON D. SCHWARTZ

The quarter's gross domestic product was significantly better than economists had expected and the fastest pace this year, boosted largely by inventories and lower imports.
. Markets, Weighing Outlooks in U.S. and Europe, Seesaw
A Pakistani journalist watched a video of Mullah Fazlullah in Peshawar in 2010.
Peace Talks May Be Casualty as Pakistani Taliban Pick Hard-Liner as Leader

By DECLAN WALSH

The Taliban's governing council chose Mullah Fazlullah, best known for radio broadcasts in which he has called for public beatings and executions. 

Editors' Picks

TECHNOLOGY

Video Video: Twitter, a Risky Investment
Twitter will begin trading on the New York Stock Exchange on Thursday. Here are three reasons the company may be a risky investment.

OPINION | Op-Ed Contributors

If You Think China's Air Is Bad ...

By DAMIEN MA and WILLIAM ADAMS

Drinking water has become a casualty of rapid industrialization.
World
Congolese soldiers gathered for a military briefing near Goma this week after a group of M23 rebel fighters surrendered.
Congo Rebels, After Giving Up Struggle, Are Disarmed

By NICHOLAS KULISH

The Ugandan military has begun the process of taking weapons away from members of the rebel group known as M23.
John Sawers, the head of the foreign intelligence service, MI6.
British Intelligence Chiefs Say Snowden Leaks Hurt

By STEVEN ERLANGER

In open testimony before Parliament, the three top intelligence officials in Britain said their ability to keep the country safe had been compromised.

Letter From Europe

The Struggle for Balanced Surveillance

By ALAN COWELL

The disappearance of a terrorism suspect in Britain has raised concerns over a form of surveillance known as Terrorism Prevention and Investigation Measures.
For more world news, go to NYTimes.com/World
Business
Bank of England Holds Rate Steady

By JULIA WERDIGIER

The Bank of England kept its main interest rate at a record low of 0.5 percent and voted to maintain its program of economic stimulus at the current level.
As Twitter Shares Soar, Wall Street Turns Lower

By REUTERS

The major averages fell, led by Nasdaq, despite frenzied buying of Twitter that pushed its price above expectations on its first day of trading.
Twitter Shares Surge in a Smooth Start to Trading

DealBook

Twitter Shares Surge in a Smooth Start to Trading

By DAVID GELLES

Twitter manages to avoid the missteps that marred Facebook's initial public offering last year, even as its lofty valuation adds pressure on the company to turn a profit soon.
For more business news, go to INYT.com/Business
Technology

DealBook

Twitter as the Yin to Facebook's Yang

By ROBERT CYRAN

Twitter's more-muted approach more clearly benefits prospective investors, the author contends.
. Key Moments and Analysis From Twitter's First Day of Trading
Live Blog: Twitter Opens With a Pop
Live Blog: Twitter Opens With a Pop

By DEALBOOK

Twitter's stock began trading on the New York Stock Exchange at $45.10 a share, after it was priced at $26.
Whitacre Tower in Dallas, the AT&T global headquarters building.
C.I.A. Is Said to Pay AT&T for Call Data

By CHARLIE SAVAGE

The disclosure shows that agencies beyond the N.S.A. exploit call metadata with programs regulated by an inconsistent patchwork of legal standards, procedures and oversight.
For more technology news, go to NYTimes.com/Tech
Sports
Arsenal's Aaron Ramsey, right, celebrated with Mesut Özil on Wednesday after Ramsey scored the only goal in Arsenal's victory over Dortmund.
Who's That Grinding Out a Victory? Arsenal

By ROB HUGHES

The team wasn't its normal free-flowing self at Dortmund on Wednesday, but it still found a way to do what it has all season: Win.
Mats Wilander in 1994. In 1988, he and a fellow Swede, Stefan Edberg, claimed the titles at all four Grand Slam tournaments.
In Slide of Swedish Tennis, There Is No End in Sight

By BEN ROTHENBERG

In the 1970s, '80s and early '90s, Swedish men won dozens of Grand Slam events, behind only the Americans. But there has been only one such victory in the last 21 years.
. Take Me Out to the Davis Cup? U.S. to Play Britain in Baseball Park

Sinosphere Blog

Guangzhou Gives Hope to China's Long-Suffering Soccer Fans

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For more sports news, go to INYT.com/Sports
U.S. News
A statue of Thomas Jefferson dominated the Virginia State Capitol as Terry McAuliffe, right, the governor-elect, went up steps there on Wednesday with an aide after announcing some appointments at a news conference.
Virginia G.O.P. Assesses Loss to Rival It Saw as Weak

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Republicans who viewed Terry McAuliffe as a beatable candidate engaged in recriminations about how the party had gone wrong by nominating an outspoken social conservative.
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Defeat of School Tax Stings Colorado Democrats

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The promise of higher teacher salaries and full-day kindergarten failed to resonate, even in areas where the money would have had the greatest benefit.
Lessons on Immigration in Two Governors' Races

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In New Jersey, Gov. Chris Christie won 50 percent of Latino voters, while in Virginia, Latinos voted heavily against Kenneth T. Cuccinelli II, who lost his election.
For more U.S. news, go to NYTimes.com/US
Opinion

Editorial

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As others have learned, economic growth can be achieved without deadly pollution.
Roger Cohen

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. Columnist Page
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GATA | THE GATA DISPATCH NOVEMBER 7, 2013: London Metal Exchange Increases Power to Shorten Warehouse Queues.

London Metal Exchange increases power to shorten warehouse queues

By Maytaal Angel and Susan Thomas
Reuters
Thursday, November 7, 2013

LONDON -- The London Metal Exchange, aiming to appease critics of its global storage network, today slashed queues for metal, beefed up its powers to act against market abuse, and will review its agreement with warehouse owners.

The world's largest and oldest metals marketplace is under intense regulatory and legal pressure over its storage system, with complaints about queues of more than a year and large surcharges to withdraw material from its warehouses.
... For the full story:
http://www.reuters.com/article/2013/11/07/lme-warehouses-idUSL5N0IS27D20...

DealBook P.M. Edition November 7, 2013: Twitter Shares Surge in a Smooth Start to Trading.


Thursday, November 7, 2013
TOP STORY
Twitter Shares Surge in a Smooth Start to Trading
Twitter Shares Surge in a Smooth Start to Trading Twitter manages to avoid the missteps that marred Facebook's initial public offering last year, even as its lofty valuation adds pressure on the company to turn a profit soon.
Reuters Breakingviews: Twitter as the Yin to Facebook's Yang Twitter's more-muted approach more clearly benefits prospective investors, writes Robert Cyran.
Live Blog: Twitter Opens With a Pop
Live Blog: Twitter Opens With a Pop Twitter's stock began trading on the New York Stock Exchange at $45.10 a share, after it was priced at $26.

DEALBOOK HIGHLIGHTS
Royal Bank of Scotland to Pay $153.7 Million to Settle Mortgage Case
Royal Bank of Scotland to Pay $153.7 Million to Settle Mortgage Case The Securities and Exchange Commission concluded that a bank subsidiary failed to investigate the quality of the underlying loans in a mortgage-backed security offering in 2007.
Hedge Fund Is Said to Push for Men's Wearhouse Merger
Hedge Fund Is Said to Push for Men's Wearhouse Merger Eminence Capital has acquired about a 9.8 percent stake in Men's Wearhouse and is said to be planning to push for strategic options like a proposed merger with Jos. A. Bank.
Goldman Discloses Foreign Exchange Inquiry
Goldman Discloses Foreign Exchange Inquiry Many of the largest banks in the currency trading market have acknowledged that they are facing inquiries from authorities in the United States, Europe and Hong Kong.
Warburg Pincus Names General Counsel The private equity firm Warburg Pincus has appointed Robert B. Knauss, a corporate partner at the firm of Munger, Tolles & Olson in Los Angeles, as general counsel and managing director.
Nestle to Sell Its Jenny Craig Brand to Private Equity Firm
Nestle to Sell Its Jenny Craig Brand to Private Equity Firm The deal, excluding the Jenny Craig business in France, comes seven years after Nestlé spent $600 million to buy the weight-loss company from two private equity firms.
2 French Banks Post Higher Profits and Plan Swap on Derivatives Venture
2 French Banks Post Higher Profits and Plan Swap on Derivatives Venture Société Générale increased litigation provisions in the third quarter amid an investigation of suspected rigging of interest rates, while Crédit Agricole said it would not settle.
  • DEALBOOK »
  • Quotation of the Day
    "This is a giant poker game."
    Lawrence Leibowitz, chief operating officer of NYSE Euronext, as traders and bankers set the opening price in the minutes before Twitter's stock began trading.
     
  •