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March 2018
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Sunday, 18 March 2018

The secondary effect of the common agricultural policy (CAP) on African agriculture is a source of concern for MEPs. In recent years exports of powdered milk have soared, threatening the African dairy sector. If Europeans farmers profit from the policy set up by the EU, the collateral damages in developing countries can sometimes be quite significant.

During the last eleven months, Cameroon’s exports of sawn wood to the European Union have decreased by 21% to stand at 293,800 m3. This is revealed by a sectoral report of the International Tropical Timber Organization (ITTO). Cameroon is not the only country whose exports of sawn wood to the EU have decreased. The exports of all the 10 largest sawn wood suppliers, Cameroon included, have also decreased.

The Ministry of Food and Agriculture has urged exporters of agricultural produce to comply with all regulations and support the Ministry to meet its target of creating jobs through food production. The Ministry would continue to work with the European Union Vegetable Taskforce to help coordinate affairs of compliance and meeting EU phytosanitary regulations. Some of the measures include establishing the Green Label Certification system to add value to Ghanaian produce for export, and tightening inspection of horticulture produce submitted for exports at various ports

The European Investment Bank (EIB) has extended US$29.6million (€24million) loan to two local banks for financing small and medium sized firms in Rwanda. The bank signed the US$19million loan with the Development Bank of Rwanda and another one with I&M Bank of Rwanda at US$10milllion. In addition, the bank also signed a US$55.4million (€45million) long term loan with the Rwandan government to finance sewage and waste water projects in the capital Kigali.

The European Union’s external investment plan has mobilized €44 billion of sustainable funds for Africa and EU Neighbourhood countries. The European Commission has singled out five areas of investment, so-called “investment windows”, in which the first actions of the External Investment Plan (EIP) will be implemented. These investment areas are crucial for sustainable development in countries in Africa and the EU Neighbourhood countries.

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