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RMU, DMI gears up for 3rd Blue Economy Conference

• Dr Brooks (right) interacting with Rector, DMI, Dr Tumaini S. Gurumo (middle) and a colleague during their recent visit to Ghana

Dr Brooks (right) interacting with Rector, DMI, Dr Tumaini S. Gurumo
(middle) and a colleague during their recent visit to Ghana

 The third edition of the Blue Economy Confer­ence (BEC2024) is set for July 4-5 at the Julius Nyere­re International Convention Center in Tanzania.

The conference organized by the Dar es Salaam Mari­time Institute (DMI), Tanzania in collaboration with the Regional Maritime Universi­ty (RMU) in Accra, would be under the theme, “Navigat­ing the Future: Integrating Maritime Safety and Security, Climate Change Actions and Technological Advancements for Blue Economy.”

The conference is aimed at bringing together internation­al stakeholders, focusing on promoting the blue economy to lead development across the continent.

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The blue economy ev­ery year, has an estimated turnover of between US$3 and six billion. This includes employment, ecosystem ser­vices provided by the ocean and cultural services. It is also estimated that fisheries and aquaculture contributes US$100 billion per year and about 260 million jobs to the global economy, according to United Nations (UN) Depart­ment of Economic and Social Affairs (DESA) report.

With the huge potential of the blue economy, Africa through the conference, is looking forward to developing the maritime sector to tap into its benefits for socio-eco­nomic growth.

The conference is also aimed at establishing a platform for capacity build­ing and networking among stakeholders, fostering the blue economy in alignment with maritime safety and security, climate change con­siderations and technological advancements as outlined in the relevant Sustainable Development Goals (SDGs).

The conference would tackle other areas including sustainable exploitation and utilisation of blue economy resources, ship seaworthiness and on board-ship compe­tency challenges, business models for the blue economy, women in maritime sector, fishing industry and climate action policy and environ­mental protection.

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There would also be dis­cussions on Artificial Intelli­gence(AI) in maritime prac­tices and the blue economy, renewable energy solutions for maritime transportation, information systems in mari­time education and training, logistics, shipping and supply chains for the blue economy, climate-responsive maritime practices and coastal manage­ment, blue economy governance, law and policy as well as coastal and marine tourism develop­ment.

Keynote Speaker for the event would be the Deputy Min­ister for Transport, Tanzania Mr David Mwakiposa Kihenzile, with other speakers including Secretary General, Maritime Organisation of West and Central Africa (MOWCA), Dr Paul Ikongshul Adalikwu, Maritime Law and Management Consul­tant, Dr Kofi Mbia, Special Advisor for Maritime and Blue Economy, Amb. Nancy Karig­ithu, Executive Director,Sier­ra Leone Maritime Authority Paul Sobba Massaquoi and Climate Specialist, Mr Pa Ousman Jarju.

The DMI had held the Blue Economy Conference for the past two years and now joining forces with the RMU to hold the third edition this year, following a Memoran­dum of Understanding (MoU) between the two giants in maritime education and training in February.

The MoU covers areas of research and publication, staff capacity building, organisation of conferences and seminars and workshops among others, hence the col­laboration to hold this year’s conference.

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Speaking ahead of the conference, the Ag. Vice Chancellor of the RMU, Dr Jethro W. Brooks Jr said, both institutions have committed to transforming economies across Africa by providing quality training and educa­tion that would ensure that young people were equipped and positioned to drive the maritime sector.

“We look forward for an insightful conference that would support the transfor­mation of the African conti­nent through the maritime industry,” he stated.

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 GEXIM deepens relations with US EXIM Bank

A management team of the Ghana Export – Import Bank (GEXIM) led by the Acting Chief Executive, Sylvester Mensah met with the leadership of the Export–Import Bank of the United States (US EXIM) on Wednesday April 23, 2025 in Washington DC, United States of America.   

The Acting President and Chairman of US EXIM, Mr. James C. Cruse and Vice President, International Relations, Ms. Isabel Galdiz received the GEXIM delegation, which included Deputy CEO for Banking, Mr. Moses Klu Mensah and Head of International Cooperation, Mr. Jonathan Christopher Koney at the headquarters of US EXIM.

The meeting offered the GEXIM team the opportunity to share the strategic direction of the Bank in line with the resetting agenda of the President of the Republic, His Excellency John Dramani Mahama for the repositioning of the Ghanaian economy into an export-led one by providing the requisite investment to Ghanaian businesses.

Mr. James C. Cruse expressed US EXIM’s eagerness to deepen its existing relations with GEXIM and proposed the signing of a new Cooperative Framework Agreement following the expiration of a Memorandum of Understanding signed in 2019 to utilize US EXIM’s medium term loan guarantees to procure machinery by GEXIM for qualified Ghanaian Small and Medium-sized Enterprises (SMEs).  

Mr.Sylvester Mensah thanked the Acting President and Chairman of US EXIM for hosting the GEXIM delegation and reaffirmed the Ghanaian government’s commitment to strengthening trade and investment between Ghana and its global partners for economic transformation of Ghana with GEXIM playing a pivotal role.

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The two teams will be meeting on the sidelines of the 2025 US EXIM Annual Conference on 29th and April 30, 2025 to explore possible areas of collaboration and matching Ghanaian businesses to American companies. The meeting ended with an exchange of gifts.

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Many SOEs have been used as mere instruments for personal wealth accumulation –Pres.Mahama

President John Dramani Mahama has expressed concern over the misuse of State-Owned Enterprises (SOEs) for personal financial gain by individuals in leadership positions.

Speaking during a meeting with Chief Executives of specified entities under the State Interest and Governance Authority (SIGA) on Thursday, March 13, the President directly attributed the dire state of SOEs to their leadership, accusing chief executives, management teams, and governing boards of prioritising personal enrichment over organisational efficiency.

He pointed to bloated budgets, unjustified allowances, and unnecessary expenditures as factors draining public funds while SOEs continue to rely on government bailouts.

“Many SOEs have been used as mere instruments for personal wealth accumulation by appointees. The chief executives, management, and boards of these enterprises are responsible for this situation. Some SOEs have become perennial loss-makers, draining public funds with bloated budgets, unjustified allowances, and unnecessary expenditures while relying on government bailouts as if entitled to them. Many of these entities are at their lowest point in the entire history of the Fourth Republic,” he said.

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President Mahama further noted that many SOEs have been plagued by inefficiencies, corruption, and mismanagement, leading to consistent financial losses. He cited the 2023 State Ownership Report by the State Interests and Governance Authority (SIGA), which highlighted systemic inefficiencies and wasteful expenditures within these entities.

He therefore reaffirmed his commitment to reforming under-performing SOEs and ensuring they serve national interests.

He warned that loss-making SOEs will no longer be tolerated and will either be merged, privatised, or closed.

“I will assess you based on your performance. If you do not align with the pace of the reset agenda, you may be asked to step aside. If that adds to the horror movie, so be it,” he added.

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Source: Myjoyonline.com

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