ECO-6 Invests US$250 billion worth of LUMI in Birland State, the "No-Man's Land" of Africa
October 18, 2021
Chief Governmental Officials from both ECO-6 and Birland State announced today that a historic agreement between ECO-6 and the Birland Government (Bir Tawil) was concluded at the weekend. The agreement establishes Birland State as an official member of ECO-6 and will see an investment of US$250 billion from the African Diaspora Central Bank being made for infrastructural development in Birland State.
Bir Tawil has often been described as "No-Man's Land" because neither Egypt nor Sudan lay constitutional claim to it.
The President of Birland State, His Royal Majesty King Emir A. Haiyawi, described his vision of the State as being that of a "humanitarian state for displaced Africans." The Government of Birland State has been actively working in close cooperation with indigenous Kings and Queen of Africa, as well as neighbouring governments and international institutions to establish a transparent economic framework and non-partisan agenda that would propel Birland State into a centre of excellence for African economic development and industrialisation.
The Chairman of ECO-6, His Majesty Rex Semako I & VI Chief Timothy Elisha McPherson, described the vision for Birland State as being in-line with the various economic mandates of ECO-6. He said, the African Diaspora are the most dispersed and homeless Africans in the world. We will work with the Government of Birland and the neighbouring states to transform Bir Tawil into a home for those people of African descent who were sold into slavery during the transatlantic slave trade of Europe and the Americas more than 400 years ago.
The Investment of US$250 billion will be made to build a sustainable Diaspora city that will become an African global hub for knowledge transfer and excellence in technological research and development, engineering and industrialisation, production and manufacturing, renewable energy solutions, financial engineering and banking.
The Chairman of ECO-6 said, This is a very hisotric moment for the African Diaspora and for the whole African family. This is not "No-Man's Land", these lands are the lands ancient lands of our ancestors from the Kushite Kingdom. By transforming it into an economic centre that will finally and definitively begin the industrialisation of Africa, we inaugurate a new era of economic development and cooperation between Africa and the world that will also bring honour to these ancient lands."
Participating in the decision to establish this cooperation between Birland State and ECO-6 were various organisation including the United Kingdoms of Africa and the United Global Kingdoms. Historic issues of land settlement in Africa have traditionally been done at the level of the Kingdoms and Chieftaincies, who are regarded as the original custodians and guardians of African lands.
H.M. Rex Semako I & VI H.R.M. King Emir A Haiyawi
Chairman of ECO-6 President of Birland State
Former Governor for the Bank of Central African States (BEAC), Daniel Ngassiki, Appointed Special Advisor to the ADCB Board of Directors
September 10, 2021
The Chairman of the Economic Community of States, Territories & Realms of the African Diaspora Sixth Region (ECO-6) and President of the African Diaspora Central Bank (ADCB), Chief Timothy McPherson, is pleased to announce the appointment of Ambassador Daniel Ngassaki as Special Advisor to the ADCB Board of Directors. Ambassador Ngassiki is the former Governor of the Bank of Central African States (BEAC) and currently serves as Ambassador Plenipotentiary for the Republic of Congo to the Republic of Cameroon.
Ambassador Ngassiki, who is a senior statesman, master economist and financial engineer, brings extraordinary experience, knowledge, vision and compassion to the mandate of financial inclusion and economic liberation that ADCB champions throughout Africa and the global Sixth Region. ECO-6 and the ADCB family are honoured to have Ambassador Ngassiki as part of our team.
About the African Diaspora Central Bank (ADCB): Established under the ECO-6 Treaty, ADCB functions as a turnkey financial institution for driving Diaspora Direct Investments (DDI) to Africa and African investments towards the Diaspora. Using its new sovereign regional currency, African Kingdoms LUMI (AKL), often referred to as LUMI for short, ADCB will facilitate the creation of an integrated capital markets between the continent and the global Diaspora.
ADCB President H.R.H. Chief Timothy McPherson & Special Advisor Daniel Ngassiki together holding-up the LUMI Currency
The Diaspora brings LUMI currency into 174 countries around the world
Ghana to Cooperate with the Maroon Territories on the Island of Jamaica with Headquarters for ECO-6 and the Continental African Free Trade Area
Nana Osafo Adjei, Akwasi Awua Ababio, His Majesty Chief Semako I, Dr. Ibrahim Mohammed Awal, Nadia Adongo Musah
Ghana's Minister for Business Development, Hon. Dr. Ibrahim Mohammed Awal, and the Director for Diaspora Affairs, Mr. Akwasi Awua Ababio, met with the chairman for the ECO-6 House of Chiefs, His Majesty Chief Semako I, to discuss strategic collaborations in the development of the CFTA Secretariat and the ECO-6 Headquarters.
Ghana was selected by the Assembly of Heads of State and Government of the African Union to host the Secretariat of the African Continental Free Trade Area (AfCFTA), and the Maroon Territories on the Island of Jamaica were designated by the African Union in 2018 as headquarters for the Diaspora Sixth-Region. The Maroon states are located on the Island of Jamaica and were established in 1739 by Peace Treaty with the British; it is the oldest African territory in the Western hemisphere.
The proposition for cooperation has been put forth by the Yenwa of Badagry Kingdom, His Majesty Chief Semako I. He said "The purpose of ECO-6 is to establish a formal framework whereby investments as well as a broad sphere of other economic and social engagements between Africa and the Diaspora can be facilitated. By building the physical headquarters for the Eco-6 and CFTA Secretariats in tandem, we are able to both symbolically and as a matter-of-fact launch a new era of cooperation between Africa and the Diaspora. This is what our ancestors have been fighting to achieve for generations, and now we finally have destiny in our hands."
The AfCFTA will cover a market of 1.2 billion people, with a combined gross domestic product (GDP) of $2.5 trillion, across the fifty-four (54) Member States of the African Union that have signed up to the Agreement.
Although the ECO-6 framework remains in its earliest phases of development, it covers the Africa Diaspora of almost 350 million people making it potentially the third largest "populace" of the world after China and India. The Diaspora currently contributes remittances in excess of $45 billion annually to the continent, however, the ECO-6 framework seeks to mobilize investments from historic Diaspora (descendants of Africans enslaved during colonialism) across the Caribbean, the Americas and Europe. The South-South trade market is valued at $4.3 trillion, while a successful cooperation between AfCFTA and ECO-6 has a project market value in excess of $8 trillion.