Interview with Arancha González from ITC on Youtube.
The CTA Brussels News Service is providing EU-ACP policy news since 2004, on various key thematic areas. In addition to this news service, we also provide news on ACP intra-regional trade, and south-south cooperation (investments of emerging countries' in agriculture in the ACP regions). The main stories for the week are featured in our newsletter and all stories can be found in our Regional Trade and the South-South cooperation sections.
German investment fund DEG has bought an additional 5.4 per cent stake in Nairobi-based reinsurance company Zep–Re for Sh1.4 billion. The German Investment and Development Corporation (DEG) said the deal has increased its stake to 14.93 per cent. New shares were created for the additional stake with new cash injected in the re-insurance firm. “This capital will assist the company to build on its operational results realised in 2015 which saw a 10.6 per cent growth in our business underwritten from $125 million in 2014 to $138.8 million in 2015,” Zep-Re managing director Rajni Varia said.
Changing demands in the European market are prompting the fruit export business in South Africa’s Western Cape province to shift its commercial focus slightly and invest in new varieties to keep up with trends, according to several of the country’s leading industry figures. In particular, the industry appears to be playing a more active role in establishing what exactly consumers in key markets require, using the information it gleans to make informed investments in production and new product development.