• US Vice President Kamala Harris starts a three-country tour of Africa, promoting the White House's positive vision of the continent as the 'future of the world'. AFP
    US Vice President Kamala Harris starts a three-country tour of Africa, promoting the White House's positive vision of the continent as the 'future of the world'. AFP
  • Ms Harris's trip to Ghana, Tanzania and Zambia, is the latest salvo in deepening US engagement with a continent largely ignored under the previous administration. AFP
    Ms Harris's trip to Ghana, Tanzania and Zambia, is the latest salvo in deepening US engagement with a continent largely ignored under the previous administration. AFP
  • Workers roll out a red carpet as Ms Harris visits the African continent for the first time in an official capacity. Getty Images
    Workers roll out a red carpet as Ms Harris visits the African continent for the first time in an official capacity. Getty Images
  • Ms Harris is on a seven-day African visit that will also take her to Tanzania and Zambia. AP
    Ms Harris is on a seven-day African visit that will also take her to Tanzania and Zambia. AP
  • Schoolchildren wave Ghanaian and US flags to welcome Ms Harris. Getty Images
    Schoolchildren wave Ghanaian and US flags to welcome Ms Harris. Getty Images
  • Ms Harris takes time to shake hands with some of the children. AFP
    Ms Harris takes time to shake hands with some of the children. AFP
  • Ms Harris is welcomed by Minister for Foreign Affairs and Regional Integration of Ghana Shirley Ayorkor Botchwey. AFP
    Ms Harris is welcomed by Minister for Foreign Affairs and Regional Integration of Ghana Shirley Ayorkor Botchwey. AFP
  • Ms Harris poses with President of Ghana Nana Akufo-Addo as she arrives for their meeting at the Jubilee House presidential palace in Accra. AFP
    Ms Harris poses with President of Ghana Nana Akufo-Addo as she arrives for their meeting at the Jubilee House presidential palace in Accra. AFP
  • Mr Akufo-Addo introduces Ms Harris to some of the country's ministers upon her arrival. Reuters
    Mr Akufo-Addo introduces Ms Harris to some of the country's ministers upon her arrival. Reuters
  • Ms Harris's trip comes after a December summit hosted by President Joe Biden in Washington with US leaders and counterparts from Africa, a continent where China and Russia are enjoying rising influence. AFP
    Ms Harris's trip comes after a December summit hosted by President Joe Biden in Washington with US leaders and counterparts from Africa, a continent where China and Russia are enjoying rising influence. AFP
  • Ms Harris addresses a news conference. AP
    Ms Harris addresses a news conference. AP

Kamala Harris takes aid package to Ghana


  • English
  • Arabic

An energised and smiling US Vice President Kamala Harris on Monday thanked a group of leaders and guests for their warm welcome, and expressed her excitement about the future of Africa.

Ms Harris landed in Accra, Ghana, on Sunday to strengthen relations between the US and Africa and to offer support, financial and otherwise.

She was greeted by Ghana's President Nana Akufo-Addo and his wife Rebecca Akufo-Addo, which included a red carpet.

"We're looking forward to using this visit of yours as a springboard to renew these relationships and expand them," Mr Akufo-Addo said.

Accompanied by her husband, Doug Emhoff, Ms Harris will next stop in Tanzania and Zambia on her week-long trip.

"We are looking forward to this trip as a further statement of the long and enduring and very important relationship and friendship between the people of the United States and those who live on the continent of Africa," Mr Harris said in a speech from the tarmac.

The trip follows a December summit hosted by President Joe Biden in Washington with leaders from Africa, where the White House hopes to balance the rising influence of China and Russia.

"The Vice President’s travel to Ghana reaffirms … supporting conflict prevention and stabilisation in coastal West Africa, promoting inclusive economic growth … investing in women and youth, elevating engagement with the African diaspora, addressing shared health challenges, and partnering to build climate resilience and steward our shared Atlantic Ocean," the White House said before her arrival.

In a meeting with Mr Akufo-Addo on Monday, Mr Harris announced a $139 million package of bilateral security, economic and development assistance, including for business and culture initiatives, and for the health sector, including an anti-malaria programme.

Struggling with an economic crisis, burgeoning debt and inflation of more than 50 per cent, Ghana has agreed on a $3 billion loan deal with the International Monetary Fund.

Ghana's Finance Minister, Kenneth Ofori-Atta, returned this month from a trip to China, where the two governments discussed debt issues.

Ghana is one of the Gulf of Guinea nations, along with neighbours Benin and Togo, suffering from the fallout from extremist violence over their northern borders in Burkina Faso.

Western partners are backing a regional military co-operation among West African coastal states, as well as initiatives to help development and aid in vulnerable northern border regions.

Ms Harris visits Ghanaian artist Baaba J at Vibration studio at the freedom skate park in Accra, Ghana, on March 27. AP
Ms Harris visits Ghanaian artist Baaba J at Vibration studio at the freedom skate park in Accra, Ghana, on March 27. AP

In an earlier statement, Mr Harris's office said the Biden administration would invest $100 million as part of a plan to help Ghana, Benin, Togo and Ivory Coast in stabilisation and countering the threat of extremism.

New programmes aim to strengthen development and increase governance in northern border communities where local officials worry militants may try to gain influence.

"The plan is intended to address regional threats of violent extremism and instability in Coastal West Africa," it said.

Washington will send a special adviser to Ghana to help Mr Akufo-Addo's government with its debt this year.

Other programmes will include small business development funds, especially for women and youth, financing to help combat child labour in Ghana's cocoa industry and investments in weather and climate early warning systems.

Ms Harris will meet entrepreneurs, students, women and farmers while in Ghana, and will also visit the historic Cape Coast Castle where slaves were kept 400 years ago.

After Ghana, she will travel on Wednesday to Dar es Salaam in Tanzania.

Ms Harris's trip to Africa is the latest move in deepening US engagement with a continent largely ignored under Republican Donald Trump, and long viewed in Washington as more of a problem area than an opportunity.

The tour is also part of Washington's resistance to growing Chinese and Russian involvement in Africa, with US officials promoting what they say is a more positive message.

Agencies contributed to this report

SPECS
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Green ambitions
  • Trees: 1,500 to be planted, replacing 300 felled ones, with veteran oaks protected
  • Lake: Brown's centrepiece to be cleaned of silt that makes it as shallow as 2.5cm
  • Biodiversity: Bat cave to be added and habitats designed for kingfishers and little grebes
  • Flood risk: Longer grass, deeper lake, restored ponds and absorbent paths all meant to siphon off water 
MATCH INFO

Asian Champions League, last 16, first leg:

Al Ain 2 Al Duhail 4

Second leg:

Tuesday, Abdullah bin Khalifa Stadium, Doha. Kick off 7.30pm

Women’s World T20, Asia Qualifier

UAE results
Beat China by 16 runs
Lost to Thailand by 10 wickets
Beat Nepal by five runs
Beat Hong Kong by eight wickets
Beat Malaysia by 34 runs

Standings (P, W, l, NR, points)

1. Thailand 5 4 0 1 9
2. UAE 5 4 1 0 8
3. Nepal 5 2 1 2 6
4. Hong Kong 5 2 2 1 5
5. Malaysia 5 1 4 0 2
6. China 5 0 5 0 0

Final
Thailand v UAE, Monday, 7am

ICC Intercontinental Cup

UAE squad Rohan Mustafa (captain), Chirag Suri, Shaiman Anwar, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Saqlain Haider, Ahmed Raza, Mohammed Naveed, Imran Haider, Qadeer Ahmed, Mohammed Boota, Amir Hayat, Ashfaq Ahmed

Fixtures Nov 29-Dec 2

UAE v Afghanistan, Zayed Cricket Stadium, Abu Dhabi

Hong Kong v Papua New Guinea, Sharjah Cricket Stadium

Ireland v Scotland, Dubai International Stadium

Namibia v Netherlands, ICC Academy, Dubai

RESULTS

Bantamweight:
Zia Mashwani (PAK) bt Chris Corton (PHI)

Super lightweight:
Flavio Serafin (BRA) bt Mohammad Al Khatib (JOR)

Super lightweight:
Dwight Brooks (USA) bt Alex Nacfur (BRA)

Bantamweight:
Tariq Ismail (CAN) bt Jalal Al Daaja (JOR)

Featherweight:
Abdullatip Magomedov (RUS) bt Sulaiman Al Modhyan (KUW)

Middleweight:
Mohammad Fakhreddine (LEB) bt Christofer Silva (BRA)

Middleweight:
Rustam Chsiev (RUS) bt Tarek Suleiman (SYR)

Welterweight:
Khamzat Chimaev (SWE) bt Mzwandile Hlongwa (RSA)

Lightweight:
Alex Martinez (CAN) bt Anas Siraj Mounir (MAR)

Welterweight:
Jarrah Al Selawi (JOR) bt Abdoul Abdouraguimov (FRA)

Aston martin DBX specs

Engine: 4.0-litre twin-turbo V8

Transmission: nine-speed automatic

Power: 542bhp

Torque: 700Nm

Top speed: 291kph

Price: Dh848,000

On sale: Q2, 2020
 

SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20Apple%20M3%2C%208-core%20CPU%2C%20up%20to%2010-core%20CPU%2C%2016-core%20Neural%20Engine%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%2013.6-inch%20Liquid%20Retina%2C%202560%20x%201664%2C%20224ppi%2C%20500%20nits%2C%20True%20Tone%2C%20wide%20colour%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%208%2F16%2F24GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStorage%3A%3C%2Fstrong%3E%20256%2F512GB%20%2F%201%2F2TB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20Thunderbolt%203%2FUSB-4%20(2)%2C%203.5mm%20audio%2C%20Touch%20ID%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20Wi-Fi%206E%2C%20Bluetooth%205.3%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%2052.6Wh%20lithium-polymer%2C%20up%20to%2018%20hours%2C%20MagSafe%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECamera%3A%3C%2Fstrong%3E%201080p%20FaceTime%20HD%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EVideo%3A%3C%2Fstrong%3E%20Support%20for%20Apple%20ProRes%2C%20HDR%20with%20Dolby%20Vision%2C%20HDR10%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAudio%3A%3C%2Fstrong%3E%204-speaker%20system%2C%20wide%20stereo%2C%20support%20for%20Dolby%20Atmos%2C%20Spatial%20Audio%20and%20dynamic%20head%20tracking%20(with%20AirPods)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColours%3A%3C%2Fstrong%3E%20Midnight%2C%20silver%2C%20space%20grey%2C%20starlight%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20MacBook%20Air%2C%2030W%2F35W%20dual-port%2F70w%20power%20adapter%2C%20USB-C-to-MagSafe%20cable%2C%202%20Apple%20stickers%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh4%2C599%3C%2Fp%3E%0A
About Tenderd

Started: May 2018

Founder: Arjun Mohan

Based: Dubai

Size: 23 employees 

Funding: Raised $5.8m in a seed fund round in December 2018. Backers include Y Combinator, Beco Capital, Venturesouq, Paul Graham, Peter Thiel, Paul Buchheit, Justin Mateen, Matt Mickiewicz, SOMA, Dynamo and Global Founders Capital

The specs

Engine: 3.0-litre flat-six twin-turbocharged

Transmission: eight-speed PDK automatic

Power: 445bhp

Torque: 530Nm

Price: Dh474,600

On Sale: Now

The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

Trolls World Tour

Directed by: Walt Dohrn, David Smith

Starring: Anna Kendrick, Justin Timberlake

Rating: 4 stars

SCORES IN BRIEF

New Zealand 153 and 56 for 1 in 22.4 overs at close
Pakistan 227
(Babar 62, Asad 43, Boult 4-54, De Grandhomme 2-30, Patel 2-64)

Simran

Director Hansal Mehta

Stars: Kangana Ranaut, Soham Shah, Esha Tiwari Pandey

Three stars

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Spec%20sheet
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Monday's results
  • UAE beat Bahrain by 51 runs
  • Qatar beat Maldives by 44 runs
  • Saudi Arabia beat Kuwait by seven wickets
Oscars in the UAE

The 90th Academy Awards will be aired in the UAE from 3.30am on Monday, March 5 on OSN, with the ceremony starting at 5am

Mountain%20Boy
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Zainab%20Shaheen%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Naser%20Al%20Messabi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3C%2Fstrong%3E%3A%203%2F5%3C%2Fp%3E%0A
The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

Updated: March 27, 2023, 7:12 PM