St Kitts and Nevis crowned as best destination to invest in according to 2023 CBI (CITIZENSHIP BY INVESTMENT) Index

Basseterre, Sept. 15, 2023 (GLOBE NEWSWIRE) — St Kitts and Nevis has been recognised as the best CBI destination in the 2023 edition of the CBI Index, trumping 11 other countries with active citizenship by investment (CBI) programmes.

The country, which has made several sweeping changes to its CBI Programme in the last year, took top honours, scoring 77 points in a race between nations such as Dominica, Saint Lucia, Grenada, Antigua & Barbuda, Malta, Vanuatu, Turkey, Egypt, Austria, Cambodia, and Jordan.

The 2023 CBI Index noted that St Kitts and Nevis has been the most proactive CBI nation in the Caribbean when it comes to responding to security concerns raised by Western nations. The country ‘stands out for taking immediate and decisive action based on the ‘Six Principles’ framework. Moreover, it underscores a political will to take a proactive leadership role in the long-term sustainability of the industry through good governance, enhanced due diligence, and regional harmonisation with international partners.’

Now in its seventh year, the CBI Index utilises its established nine-pillar index architecture to provide investors with a data-driven framework with which to measure the performance and appeal of global CBI programmes. The nine pillars include Standard of Living, Freedom of Movement, Minimum Investment Outlay, Mandatory Travel or Residence, Citizenship Timeline, Ease of Processing, Due Diligence, Family and Certainty of Product.

St Kitts and Nevis scored full marks in Mandatory Travel or Residence, Ease of Processing, Due Diligence and Certainty of Product pillars.

The Mandatory Travel or Residence pillar examines the travel or residence conditions imposed on applicants both before and after the granting of citizenship. St Kitts and Nevis does not have travel or minimum residency requirements for its programme, making it straightforward for busy entrepreneurs and global citizens to attain citizenship in the country.

The Ease of Processing pillar measures the end-to-end complexity of the CBI application process. The overall effortlessness of the application process is a particularly vital component, and the promise of a smooth, hassle-free process can generate readiness to engage with a programme.

The Due Diligence pillar measures a programme’s integrity. St Kitts and Nevis retains its top position from the previous year due to the Citizenship by Investment Unit’s changes made as part of a rapid implementation of the ‘Six Principles,’ which include mandatory interviews and measures to stop financial irregularities in the real estate option to safeguard the Programme’s reputation.

The Certainty of Product pillar encompasses a range of factors that measure a programme’s certainty across five different dimensions including longevity, popularity and renown, stability, reputation, and adaptability. As the only country to attain a perfect score in this category, St Kitts and Nevis’ performance reflects not only its swift response to the recent unprecedented international pressure imposed on all Caribbean CBI programmes, but its continuous proactive approach to instituting industry leading changes.

“I am thrilled to once again to have the St Kitts and Nevis CBI Programme recognised as the best in the industry,” said Michael Martin, Head of the St Kitts and Nevis Citizenship by Investment Unit.

“This recognition by the CBI Index is another confirmation of why St Kitts and Nevis should be the first choice for any global investor. For four decades we have crafted solid, innovative and sustainable investment solutions, giving investors the confidence to attain their goals in the global arena.”

St Kitts and Nevis continues to provide an exemplary model to the investment migration industry. The country made bold changes to its Programme at the end of 2022 and further changes in July, the latter changes convincingly addressed security concerns raised by the United Kingdom, the European Union and previously the United States.

The country hosted four of the Caribbean’s CBI nations, along with a delegation from the United States, who all agreed on 6 Principles to be followed by the Caribbean nations. While many of the security measures were already in place as part of St Kitts and Nevis’ due diligence processes, the country was one of the first to institute mandatory interviews with applicants aged 16 years and older.

St Kitts and Nevis has also tightened regulations around how Authorised Agents and International Marketing Agents operate, requiring them to have their businesses registered under the laws of St Kitts and Nevis and limiting how they may advertise the St Kitts and CBI Programme internationally.

Other legislative changes include increased minimum investment thresholds, revised dependant eligibility, and the closing of loopholes for real estate investment options.

St Kitts and Nevis has shown the most commitment to upholding the integrity and reputation its CBI programme in the international arena.

The CBI Index is a rating system designed to assess the performance and appeal of active CBI programmes across a diverse range of indicators and measures. Its purpose is to bring value to the CBI industry by providing a data-driven and practical tool for appraising programmes and facilitating the decision-making process for individuals considering them.

The CBI Index stands as one of the most recognised and reputable rating tools in the investment migration industry and has a reputation for providing valuable industry insights and knowledge.

Secretary of St Kitts and Nevis Citizenship by Investment Programme
Government of St. Kitts and Nevis
00 (1-869) 467-1474
communications@skn-ciu.com

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La Réunion annuelle sur l’investissement s’offre une nouvelle identité pour devenir le Congrès AIM et prépare sa 13e édition qui se déroulera à Abou Dabi en mai 2024

ABOU DABI, Émirats arabes unis, 15 sept. 2023 (GLOBE NEWSWIRE) — Sous la nouvelle étiquette de « Congrès AIM », le comité d’organisation de l’une des plus grandes plateformes d’investissement au monde accueillera cette année encore des dirigeants régionaux et internationaux, des décideurs d’élite et des pionniers à l’occasion de la 13e édition de la réunion annuelle qui se tiendra du 7 au 9 mai 2024 au centre national des expositions d’Abou Dabi.

La conférence se déroulera sur le thème « S’adapter à un paysage de l’investissement en pleine mutation en exploitant le nouveau potentiel du développement économique mondial ». Le Congrès AIM 2024 bénéficie du soutien du ministère de l’industrie et des technologies avancées, et compte le département du développement économique d’Abou Dabi (ADDED) comme partenaire principal.

Les Émirats arabes unis accueilleront une nouvelle fois les participants au cœur de leur belle capitale, et comptent bien faire un succès inédit de cet événement qui a attiré l’année dernière pas moins de 10 313 participants et 693 intervenants de 175 pays.

Son Excellence Dr. Thani bin Ahmed Al Zeyoudi, le Ministre d’État au Commerce extérieur des Émirats arabes unis s’est montré très enthousiaste envers le Congrès AIM 2024, en déclarant que « Depuis plus de dix ans, le Congrès AIM démontre son ferme engagement en faveur de la promotion d’une coopération économique mondiale et de la mobilisation du potentiel de certains pays émergents. Dans un périmètre mondial de l’investissement en pleine évolution, il apparaît capital de faire preuve d’adaptation pour explorer de nouveaux axes de croissance. Le rassemblement du Congrès AIM demeure un événement majeur en 2024, et réunit les principaux acteurs économiques du monde autour d’un dialogue constructif ouvrant la voie à des investissements à fort impact qui contribueront à bâtir un meilleur avenir pour chacun ».

Son Excellence Ahmed Jasim Al Zaabi, le Président de l’ADDED déclare pour sa part que « En capitalisant sur le remarquable succès de l’édition 2023 du Congrès AIM, nous relevons la barre pour répondre aux attentes de la communauté mondiale de l’investissement tout entière. En tant que capitale fédérale, Abou Dabi est la ville idéale pour mener le débat mondial sur les perspectives de l’investissement et ses dynamiques dans un monde en profonde mutation. Notre approche envers les flux d’investissement s’aligne sur notre engagement sans faille pour consacrer le développement humain, la durabilité et les technologies avancées au cœur de programmes socio-économiques à l’échelle nationale et internationale, tout en respectant le calendrier d’application des normes ESG et en favorisant des synergies à travers des initiatives de coopération internationale – pour que chacun d’entre nous ait de meilleures conditions de vie ».

Dawood Al Shezawi, le Président de la fondation AIM Global, a quant à lui souligné que « Renommer la Réunion annuelle sur l’investissement en Congrès AIM se fait sur fond de recul continu de la croissance économique mondiale dans une société en proie à de multiples enjeux ». Il ajoute que « Ce congrès se veut un événement majeur pour le monde de l’investissement et donne aux décideurs d’élite et aux dirigeants prestigieux du monde entier une occasion unique de se concentrer, ensemble, sur les défis les plus urgents, comme repenser le commerce mondial, rectifier les contours du paysage de l’investissement pour – in fine – créer un impact socio-économique durable dans plusieurs régions du monde ».

Le Congrès AIM repose sur cinq piliers : les investissements directs à l’étranger, les portefeuilles d’investissement étrangers, les start-ups, les PMEs et les villes du futur. La réunion consacrera ces sujets essentiels, et en encadrera les activités.

Pour en savoir plus :
Shreya Verma – +971 521133926
shreya.verma@aimcongress.com

GlobeNewswire Distribution ID 1000839622

Encontro anual de investimentos anuncia nova identidade enquanto AIM Congress, em preparação para a 13.ª edição em Abu Dhabi, em maio de 2024

ABU DHABI, Emirados Árabes Unidos, Sept. 15, 2023 (GLOBE NEWSWIRE) — Sob a sua nova identidade enquanto “AIM Congress“, a comissão organizadora da plataforma de investimentos líder a nível mundial junta, mais uma vez, os líderes, pensadores e inovadores regionais e internacionais na 13.a edição do evento que irá ocorrer de 7 a 9 de maio de 2024 no Abu Dhabi National Exhibition Centre.

Tendo como base o tema “Adaptação a uma perspetiva de investimento em mudança: impulsionamento de novo potencial para o desenvolvimento económico mundial“, o AIM Congress 2024 é apoiado pelo Ministério da Indústria e da Tecnologia Avançada e pelo Departamento de Desenvolvimento Económico de Abu Dhabi (ADDED) enquanto principal parceiro.

Tendo novamente, lugar na vibrante capital dos EAU, o AIM Congress 2024 planeia superar o sucesso alcançado com a sua edição do ano passado, a qual atraiu 10 313 participantes e 693 oradores de 175 países.

Sua Excelência, o Dr. Thani bin Ahmed Al Zeyoudi, Ministro do Comércio Externo dos EAU, expressou o seu entusiasmo pelo AIM Congress 2024, afirmando que “Durante mais de uma década, o AIM Congress tem sido firme no seu compromisso de promover a cooperação económica global e impulsionar os mercados especialmente emergentes dos países. No âmbito do panorama em mudança do investimento global, é extremamente importante que os países se adaptem e explorem novas possibilidades de crescimento. Na edição de 2024, o AIM Congress continuará a ser o palco principal para o encontro dos agentes económicos mais proeminentes a nível mundial, facilitando o diálogo e o caminho para investimentos impactantes que impulsionam um futuro melhor e mais brilhante para todas as pessoas.”

Sua Excelência, Ahmed Jasim Al Zaabi, Presidente do ADDED, declarou que “Tendo por base o enorme sucesso da edição anterior do AIM, estamos a elevar o nível do evento para atingirmos as expectativas da comunidade global de investimentos. Enquanto capital do capital, Abu Dhabi é palco para conversações globais sobre o panorama e a dinâmica dos investimentos, numa era caracterizada por grandes mudanças. A nossa abordagem aos investimentos internos e estrangeiros é orientada pelo nosso compromisso inabalável em colocar o desenvolvimento humano, a sustentabilidade e a tecnologia avançada no núcleo dos planos socioeconómicos aos níveis local e internacional, em apoiar as agendas ESG e em reforçar as sinergias através da cooperação internacional para a melhoria da vida de todas as pessoas.”

A este respeito, Dawood Al Shezawi, Presidente da fundação global do AIM, comentou: “Face aos diversos desafios que o nosso mundo enfrenta atualmente, e considerando o declínio contínuo do desenvolvimento económico global, emerge o anúncio da nova identidade do AIM enquanto AIM Congress, posicionando-se como o palco principal para o investimento e fornecendo a plataforma ideal para que os líderes e responsáveis pela tomada de decisões proeminentes de todo o mundo possam abordar coletivamente os problemas mais urgentes, reformar o panorama comercial e de investimentos global e, por fim, impulsionar impactos positivos e duradouros a nível económico e social em diversas regiões em todo o mundo.”

O AIM Congress tem por base os seus cinco principais pilares — IDE, IEC, empresas em fase de arranque, PME e futuras cidades — que sustentam os objetivos do evento e fornecem um fluxo de trabalho para as respetivas atividades.

Para obter mais detalhes
Shreya Verma – +971 521133926
shreya.verma@aimcongress.com

GlobeNewswire Distribution ID 1000839622

Technology: Rwanda will welcome its very first small nuclear reactor

Through a collaboration with Dual Fluid Energy Inc., a leading Canadian-German nuclear technology company, Rwanda will begin construction of the first Dual Fluid demonstration nuclear reactor, which is expected to be operational by 2026. A project that aims to meet the growing demand for energy of its population, stimulate the development of its industrial sector and build an economy resilient to climate change.

Source: Africa News Agency

Burkina Faso expels Defense Attaché to French Embassy for subversive activities

The Defense Attaché at the French Embassy in Burkina Faso, Emmanuel Pasquier and the staff of the French military office in Ouagadougou, have 14 days to leave Burkina Faso, we learned AIB from a reliable source which also announces the closure of the Burkinabè military mission in Paris, from September 14, 2023.

As a reminder, Burkina Faso expelled French Ambassador Luc Hallade in January 2023 for his lack of “reliability”

A month later, the country obtained the departure of French troops from its territory.

The authorities justified this decision by Burkina Faso's desire to count on its daughters and sons to fight against terrorism, with the support of sincere partners.

Source: Burkina Information Agency

Real estate development, suspension and trial on the menu of Burkinabe daily newspapers

This Friday's dailies echo the defamation trial against the newspaper Le Reporter, the suspension of the extradition of François Compaoré to Burkina Faso and real estate development in Burkina Faso.

The private daily Le Pays headlines its front page: “Real estate development in Burkina Faso: ONC-AC warns illegal real estate development companies”.

The newspaper informs that the Ministry of Urban Planning through the Director General of the National Office for Development and Construction Control (ONC-AC), Yacouba Siko, has invited real estate companies to submit to the new regulations in force in risks being subjected to the rigor of the law.

According to the daily, the Council of Ministers adopted in its session on Wednesday, September 13, 2023, on the proposal of the Ministry of Urban Planning, Land Affairs and Housing, three decrees implementing the law on real estate development in Burkina Faso. .

By the way, the Bobolais newspaper L'Express du Faso adds that this law specifies that real estate development operations can only be carried out on developed urban land intended for housing and related activities.

Also, it repeals the sale of land products such as subdivision and urban reimbursement to private legal entities.

From another angle, the dean of private daily newspapers L'Observateur Paalga writes: "Refusal of extradition François Compaoré by the ECHR: This is not an obstacle according to the government."

The daily reports that a week after the refusal of the European Court of Human Rights to authorize the extradition of François Compaoré, the government reacted via a press release from the Minister of Justice.

According to L'Observateur Paalga, in this document, he explained that the decision of the ECHR does not prevent the investigating judge seized from being able to complete his investigation within the framework of the legal procedure followed in Burkina .

On the same subject, the private daily Le pays reports that Mr. François Compaoré is being prosecuted by the justice system of Burkina Faso for acts of "incitement to the assassination" of journalist Norbert Zongo and his three companions on December 13, 1998.

According to the newspaper, the government reassures national and international public opinion that everything will be done so that the legal case of Norbert Zongo and his companions can be resolved in strict compliance with the rules of criminal procedure in force in Burkina Faso which require respect for the fundamental rights of all parties to the proceedings.

Under another aspect, the public daily Sidwaya displays: “Le Reporter trial: the file postponed until September 21”.

Sidwaya indicates that the defamation suit against the newspaper Le Reporter brought by the minister in charge of the economy and the DG of customs and taxes, during the hearing on August 10, was postponed to September 14.

This time, the court ordered the firm postponement of the case, until September 21, for the production of proof and at the expense of the defense.

According to Sidwaya, the publishing director of the private bimonthly Le Reporter, Boureima Ouédraogo and its editor-in-chief, Aimé Kobo Nabaloum appeared on August 10 before the criminal chamber of the Ouaga II High Court (TGI II).

They are being prosecuted for “defamation and complicity in defamation” against the minister in charge of the economy, Dr Aboubacar Nacanabo, the director general of customs, Mathias Kadiogo and that of taxes, Daouda Kirakoya.

Source: Burkina Information Agency

U17 World Cup: Burkina Faso in Pool E with France

The Cadet Stallions of Burkina Faso are housed in Pool E with the Bleuets of France, the United States and South Korea, following the draw for the groups of the World Cup football category, carried out Friday by the International Federation of Association Football (FIFA) at its headquarters in Zurich (Switzerland).

The Cadet Stallions of Burkina Faso, bronze medalists at the last CAN in their category in Algeria in 2023, are now set to face their fate in the World Cup in the same category. Indeed, the supreme body of world football, FIFA, has drawn lots to establish the different groups for the competition which will take place from November 10 to December 2, 2023 in Indonesia.

This is the 5th participation of the Cadet Stallions in a World Cup in their category: 1999 (New Zealand), 2001 (Trinidad and Tobago), 2009 (Nigeria), 2011 (Mexico) and 2023 (Indonesia).

The Aziz Nikiéma, Wilfried Sanou and Boureima Maïga generation of 2001 had ruled out teams like Argentina (of Carlos Tévez), Spain (of Andrès Iniesta or Fernando Terres) during this world championship to bring back the bronze medal to Burkina Faso.

All groups

A : Indonesia, Ecuador, Panama, Morocco

B : Spain, Canada, Mali, Uzbekistan

C : Brazil, Iran, New Caledonia, England

D : Japan, Poland, Argentina, Senegal

E : Burkina Faso, France, United States, South Korea

F : Mexico, Germany, Venezuela, New Zealand

Source: Burkina Information Agency

Prime Minister meets Algerian Minister of Trade and Export Promotion

Prime Minister Ahmed Hachani met on Friday evening with Algerian Minister of Trade and Export Promotion, Tayeb Zeitouni, at the Government Palace in the Kasbah, in the presence of the Minister of Trade and Export Development, Kalthoum Ben Rejab Guezzah, and the Algerian ambassador to Tunisia, Azzouz Baalal.

The meeting will take place on the sidelines of the Joint Trade Committee meeting in Tunis on Friday.

According to a statement from the Prime Ministry, Hachani praised the fruitful and excellent cooperation relations between Tunisia and Algeria, based on "bonds of brotherhood, good neighbourliness and the constant desire to establish a strategic and solid partnership in the interest of the two peoples".

The Algerian Minister of Trade and Export Promotion reviewed the main results of the Joint Trade Committee meeting and its main recommendations. These include, in particular, the need to overcome the difficulties encountered in developing trade between the two countries, as this committee will be a prelude to the meeting of the Tunisian-Algerian High Joint Commission scheduled for early October in Algeria, according to the statement.

Source: Agence Tunis Afrique Presse

Bilateral cooperation at the heart of meeting between Prime Minister and South Korean Foreign Minister’s special envoy

Prime Minister Ahmed Hachani met on Friday at the Government Palace in the Kasbah with the Special Envoy of the Minister of Foreign Affairs of South Korea and the CEO and Director of KIA Motors, Ho-Sung Song.

The Prime Minister expressed Tunisia's readiness to further develop bilateral cooperation relations between Tunisia and South Korea, urging Korean companies to take the initiative to invest in Tunisia and strengthen Tunisian-Korean-African trilateral cooperation.

During the meeting, the two sides reviewed ways to develop bilateral partnership in strategic areas such as attracting the Korean tourism market to Tunisia and youth and cultural exchanges between the two countries.

For his part, the Special Envoy of the Minister of Foreign Affairs of South Korea expressed his country's readiness to double Korean investments in Tunisia, particularly in the automotive parts industry, in order to make Tunisia a regional platform for industrialisation and expansion towards African and European markets.

Source: Agence Tunis Afrique Presse

Aid agencies call for end to mass graves after Libya floods

The World Health Organization and other aid groups on Friday called on authorities in Libya to stop burying flood victims in mass graves after a U.N. report showed that more than 1,000 people had so far been buried in that manner since the country was hit by floods.

A torrent washed away whole districts of Derna, a city in eastern Libya, on Sunday night after two dams collapsed. Thousands were killed and thousands more are missing.

"We urge authorities in communities touched by tragedy to not rush forward with mass burials or mass cremations," said Dr Kazunobu Kojima, medical officer for biosafety and biosecurity in WHO's Health Emergencies Programme, in a joint statement sent out by the U.N. health agency with the International Committee of the Red Cross and the International Federation of the Red Cross and Red Crescent Societies.

The statement called for better managed burials in well demarcated and documented individual graves, saying that hasty burials can lead to long-lasting mental distress for family members as well as social and legal problems.

A U.N. report published on Thursday said that over 1,000 bodies in Derna and over 100 bodies in Albayda had been buried in mass graves after the floods on Sept. 11.

Source: Agence Tunis Afrique Presse