The Pan-African Economy in Brief: Saturday, October 17, 2020
KenGen will receive $1 million in compensation for emission avoidance from the Olkaria II expansion:
KenGen, Kenya's national power generation company, will earn approximately $1.1 million over the next seven years under the Clean Development Mechanism for the Olkaria II geothermal power plant. This follows the United Nations Framework Convention on Climate Change (UNFCCC) decision to renew the CDM project for the power plant expansion.
A survey reveals nearly 500 fictitious employees in the medical profession:
While the payment of the risk premium in the DRC has been going on since the mobilization in July of the doctors' union delegation, the General Health Inspectorate began a few weeks ago a control of the beneficiaries. The survey reveals that nearly 500 fictitious people had been receiving this salary compensation for several years. The fraudsters were identified through physical checks of the registered beneficiaries. According to the Ministry of Health, they are family members and relatives of practicing physicians. If the National Union of Physicians is suspected of involvement in this fraud, it is instead questioning the General Secretariat of Health in charge of the doctors' alignment.
AfDB supports Rwanda and Guinea to increase competitiveness in the honey value chain:
The African Development Bank granted a grant of CAD 846,360 to the Republic of Guinea to help it develop its competitiveness in the honey value chain. This funding, authorized in May 2019, enables Guinea to achieve the objectives of the Honey Value Chain Competitiveness Support Project, currently under implementation. The Bank's financing, through the African Trade Fund (ATCF), represents 86.8% of the total cost of the project, with a counterpart of CAD 122,550 from the beneficiaries, representing 13.2% of the total. The financing is intended for the Groundnut, Shea and Honey Production Cooperative (COPRAKAM), which has 1500 members in the honey sector.