Mchumo to persuade US, France to rejoin CFC
by Valentine Mark Nkwame
The outgoing Deputy Secretary General for the East African Community (EAC), Ambassador Ali Mchumo, said he was planning to persuade the United States of America (USA) to rejoin the International Common Fund for Commodities (CFC) which Mchumo is its new managing director.
Ambassador Mchumo, who was unanimously voted to head the Fund last June explained that one of the misfortunes that had befallen the CFC was the withdrawal from membership of some key players whom he mentioned as the US and France.
The EAC Deputy Secretary General, is currently folding up his files, ready to give up the
office at the Arusha-based EAC Secretariat at the end of next month, before taking up his new post as Managing Director of CFC as from the 1st of September.
Among his roles as the new managing director for the Common Fund for Commodities, Ambassador Mchumo, who has been in-charge of the Finance at the East African Community, (with an annual budget of US$ 12 million) is to ensure that high financial discipline is followed in managing the finance of the CFC.
Also in his top priority will be the mobilization of financial resources through maximizing net earnings from investments and savings from administrative budget and channel the resources so saved into project funding.
He intends to initiate campaigns to solicit additional commitment for more voluntary contributions from member countries and relevant organisations as well as encouraging the establishing of partnership programmes with other financial organizations.
Born in May 1945, Ambassador Mchumo, who is a father of five, has previously served as Tanzania envoy to the United Nations, Japan, Mozambique and to the Court of St. James London plus the Republic of Ireland.
Mchumo had also served as Chairman of the General Council of World Trade Organization (WTO) and the executive committee of the United Nations High Commissioner for Refugees (UNHCR).
He is going to be the first African candidate to be managing director of the Amsterdam -based, CFC . He thanked President Benjamin Mkapa for proposing him to vie for the post plus playing a crucial role in campaigning for his victory.