AFC nominates former MP to replace Jones at GECOM

first_imgAlliance For Change (AFC) Chairman Khemraj Ramjattan has confirmed reports that the party has nominated one of its members, former Member of Parliament, Trevor Williams for the post of Commissioner at the Guyana Elections Commission (GECOM).Former AFC spokesperson Beverly AlertRamjattan said following the death of Sandra Jones, President David Granger had requested that the party present a name to fill this vacant post. He said Williams was suggested and the party agreed on having his name submitted which it did.He noted that the AFC, as a third party, has always pressed to have one of its members sit on the body. He said this was mainly on account of the fact that the party had representation in Parliament where at one time it held five seats and another time it had seven seats.Williams has been active in politics since 2006 and at one time headed the youth arm of the AFC. He was suggested to be Director of Youth, but was never appointed to that position.Former AFC MP Trevor WilliamsRamjattan said should the President for some reason not find favour with Williams, there is Beverley Alert, a former spokesperson for the party, who will be the alternative nominee.Alert was appointed the head of the then Government Information Agency (GINA) now the Department of Public Information (DPI). However, following certain alleged financial irregularities she was seconded to another role at the National Communications Network (NCN).The GECOM post would be a key one for the party. The Commission comprises three members from the Opposition and three from the Government. The Chairman is the seventh person.last_img read more

IDC secures $50m Chinese loan

first_img20 May 2009 “We see our facility with the IDC as a milestone for our mutually beneficial relationship, and look forward to further enhancing our cooperation in the near future.” Last week, the IDC secured a €60-million (about R690.9-million) credit line from the European Investment Bank to finance viable projects by small and medium enterprises (SMEs) in the industrial, resources and services sectors. CCB-Johannesburg GM Yimin He said he believed it was important for the local CCB branch to play a support role for business in South Africa, in light of the negative impacts of the global economic downturn. “Over the past year, our units have been receiving an unprecedented amount of applications, so we have seen it fit to also go out and source funding so that we can increase our capacity to lend,” Qhena said in a statement this week. ‘Long-lasting relationship’ While this is the first facility the IDC has had with the China Construction Bank, which has a local office in Johannesburg, Qhena said it was a first step towards establishing a long-lasting relationship with the Chinese lender. “We also have an export loan book, which we believe this CCB loan will assist in recapitalising, since the demand for export funding has also increased from our front.” South Africa’s Industrial Development Corporation has received a US$50-million (about R422.2-million) loan from the China Construction Bank (CCB), which it will use to increase its general lending capacity and recapitalise its export finance book. IDC chief executive Geoffrey Qhena said demand for lending had increased tremendously due to the global economic downturn, prompting the state-owned lender to source funding from the international market. SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more