Video guest: Josephine Mwangi

March 2018
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Friday, 23 March 2018

A workshop recently hosted by the Embassy of Italy in South Africa, in collaboration with the European Union Delegation in South Africa, Wesgro and the Department of Trade and Industry hosted a workshop on the Protection and Promotion of Geographical Indications (GI) aimed to create awareness on the benefits that can be derived from the effective protection and use of GIs in South African and EU for the development of small-scale, local and rural economies, particularly in the agro-food sector, and for enhancing export opportunities and boosting international trade flows.

The European Commission has defined concrete areas of investments for its External Investment Plan. The new plan will mobilise €44 billion of sustainable investment for Africa and the EU Neighbourhood countries. The European Commission singles 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 the sustainable development in countries in Africa and the EU Neighbourhood countries.

Friday, 24 November 2017

Amethis Finance, a Paris-based company focused on investing in debt and equity in Africa, is seeking to raise Sh36 billion for investment in 11 countries including Kenya. Amethis Fund II is a 10-year closed-end generalist private equity fund targeting mid-market companies in financial institutions, fast-moving consumer goods, healthcare, agribusiness, education, IT and telecommunications. The International Finance Corporation (IFC), the World Bank’s private lending arm, is proposing to inject Sh1.8 billion in equity investment into the fund, its disclosures indicate. Amethis has in the past years invested in Chase Bank, Ramco Group and Kenafric Industries.

The European Union has pledged $30 million to fund development of the livestock value chain in Zimbabwe. The money is part of a $300 million funding programme announced in 2015 to support health, agriculture and governance initiatives through the European Development Fund’s National Indicative Programme. “In pursuit of inclusive and sustainable agriculture based value chains, the European Union in Zimbabwe has launched a new call for proposals to support upgrading and upscaling of livestock based value chains with a proven potential in terms of economic performance and inclusiveness,” the EU said in a statement on Tuesday.

The Double Taxation Agreement (DTA) between the Government of Barbados and the Italian Republic has entered into force in accordance with Article 30 of the Agreement. The instruments of ratification for the Convention for the Avoidance of Double Taxation with Respect to Taxes on Income and the Prevention of Fiscal Evasion were exchanged by the Minister of Industry, International Business, Commerce and Small Business Development, Donville Inniss, and Ambassador and Special Envoy to the Caribbean of the Italian Republic, Paulo Serpi. The entry into force of the Barbados/Italian Republic DTA represents not only Barbados’ firm strides to expand its treaty network, but it also signals the country’s willingness to foster closer ties with Italy and the European Union in particular.