by David Musyoka

NAIROBI Nike Air Vapormax Flyknit , April 23 (Xinhua) -- East African countries plan to establish a 20 million U.S. dollar fund to help boost the participation of the private sector in the ongoing market integration.

East Africa Community (EAC) Secretary General Richard Sezibera said in Nairobi the Private Sector Fund will be launched by the regional economic bloc's heads of state at their summit in November.

"The Treaty for the Establishment of the EAC states that the integration process will be people-driven with the private sector as the engine of economic growth. The private sector will with the establishment of the fund play an even more important role in the integration as the drivers of economic growth," Sezibera said late Wednesday.

He said contributions of the proposed fund to be set up in close collaboration with the private sector will be voluntary and will be in various categories depending on the contributor's choice.

Sezibera said private sector firms from all the five EAC Partner States were expected to make contributions to the fund between May and October, adding that the EAC was working in close collaboration with the East African Business Council (EABC) on the initiative.

Sezibera was speaking after the first meeting on the establishment of the EAC-Private Sector Fund said the EAC was engaging the private sector to see how the latter could be more actively involved in regional projects and programmes in agriculture, infrastructure, and water and sanitation among other sectors.

"Today's meeting which is the first in a series of many to come sought to address issues that affect the private sector in the region, come Nike Air Vapormax , to agree on a work plan and move forward on outstanding issues," he added.

The objectives of the Private Sector Fund are fourfold: to fast- track the implementation of EAC private sector driven interventions; to increase the private sector's ownership of the integration process; provide a framework for private sector intervention, and; to broaden the EAC resource base.

"Quite a number of companies from various sectors were represented here - bankers, manufacturers, telecoms, brewers. They will be contributing at various levels Cheap Air Vapormax Flyknit , for instance, platinum or gold," said Sezibera.

He said the fund would be administered by a steering committee which would include private sector representatives. The fund will be run as an entity separate and independent from the EAC.

EABC Chairman Felix Mosha described the idea of establishing the fund as historic.

"The private sector in East Africa is the principal beneficiary of an integrated East Africa. EABC supports this initiative which will complement the efforts Partner States' governments in driving forward the integration process," said Mosha.

Mosha said that the EAC Secretariat was highly dependent on donor funding to run its programmes, adding that the private sector should provide support for some of the Community's activities.

"The fund is intended to complement the EAC's efforts activities which are not adequately funded like the Single Customs Territory, and the harmonization of tax regimes and labor conditions Cheap Air Vapormax ," Mosha said.

He said the fund would have a steering committee consisting of private sector representatives to instill a degree of confidence in the administration of the fund and for purposes of accountability.

"The fund will not be run as a part of the EAC budget. It will be run, monitored and administered separately by a steering committee comprising the private sector and other relevant stakeholders," he said.

MADRID, Sept. 24 (Xinhua) -- FC Barcelona crashed to their worst league defeat in eight years on Wednesday night as they lost 4-1 away to Celta Vigo on a difficult night for Barca coach Luis Enrique, who saw his side outrun, outfought and outplayed by his former club.

Speaking after the game Air Vapormax Flyknit Sale , the Barca coach had few problems in admitting Celta's superiority as they destroyed Barca's 100 percent record in the league and overtook them in the classification.

"People saw Celta's level today and that is why we lost," he said, commenting the side from Galicia had "played a game in every sense of the word. They played a very complete game, making a lot of chances," he said.h He rejected accusations that Barca had lacked intensity in their play, "we had six or seven chances to score and it is odd that we didn't take any of them. It is strange that we not taking chances Air Vapormax Sale , because if we had taken them, then there would be no problem," explained the Barca coach, who highlighted, "we had several chances before Celta scored."

Nevertheless Enrique said that if he had to lose, he would rather do so against a side such as Celta which played open expansive football.

"When the rival has been better than you Air Vapormax Flyknit Shoes , I would rather lose against a side like Celta which plays with no tricks, with the grass cut shot and playing good football," he said.

The news came the same day that FIFA denied Barca the possibility of inscribing Arda Turan into the squad to replace the injured Rafinha, despite that decision, Enrique insisted his squad was deep enough.

"I have the alternatives that I have and I am delighted with the squad. This defeat shows is how hard it is to win the league," he concluded.

By John Kwoba

NAIROBI Air Vapormax Shoes , July 25 (Xinhua) -- Kenya's hopes at the London World Championships were dealt a blow on Tuesday after world 400m hurdles champion Nicholas Bett pulled out with a recurrent right leg injury.

Bett will join the list of athletes who will not defend their titles from Beijing 2015 including Jamaican Usain Bolt in the 200 metres, Ashton Eaton in decathlon, Matej Toth in 50 km walk.

And the absentees in women's events, include Shelly-Ann Fraser-Pryce in the 100m, Vivian Cheruiyot in the 10,000m Air Vapormax Flyknit 2018 , Christina Schwanitz in shot put, Jessica Ennis-Hill in heptahtlon and . Jerseys China   Jerseys Cheap   College Jerseys Cheap   MLB Jerseys Wholesale   NHL Jerseys China   Nike NFL Jerseys Cheap   Basketball Jerseys Cheap   Nike NFL Jerseys From China   Replica Soccer Jerseys From China   Adidas NHL Jerseys From China