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EDITO
Friday, 15 December 2017

If going by the forecast, Nigeria market is billed to become the third largest world economy after China by 2050, said the European Ambassador to ECOWAS, Mr. Michel Arrion. Speaking during his working visit to the Nigerian Chamber of Commerce, Industry, Mines and Agriculture (NACCIMA) National Secretariat, Oba Akinjobi, Ikeja GRA, Lagos, on Friday, Arrion who was accompanied on the visit by Mr. Filipo Amato, EU Head, Trade & Economic Section, said that Nigeria remained one of the biggest markets in the world with potentials market for exportation. According to the Ambassador, “Nigeria is paradoxical and it is one of the richest markets in the world. Because private sector contributes a bulk to income generation and distribution Nigeria will be the third largest world economy in 2050.

The Imaging Technology for Precision Agriculture Industry 2017 Market Research Report is a professional and in-depth study on the current state of the Imaging Technology for Precision Agriculture industry. Firstly, the report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Imaging Technology for Precision Agriculture market analysis is provided for the international market including development history, competitive landscape analysis, and major regions’ development status. Secondly, development policies and plans are discussed as well as manufacturing processes and cost structures.

Kenya is likely to lose her European Union (EU) market share of French beans to Morocco and Guatemala due to high cost of production, exporters have warned. Favoured by efficient production factors, the two countries are said to have grown their market share almost edging out Kenya, a situation that might be disastrous to local farmers. Fresh Produce Exporters Association of Kenya (FPEAK) new CEO Hosea Machuki said Kenya is grappling with high production and freight cost coupled with overpricing despite producing high quality beans. Morocco, he said, though produces mainly bobby beans that are considered of lower value as compared to Kenyan products that are usually premium class has expanded her market share in EU owing to aggressive marketing and its proximity.

Representatives of Guinea-Bissau and the European Union (EU) are meeting in Brussels on Monday for a new round of negotiations on the next fishing agreement the EU will have with the country, according to the local press. This new round, which runs until Wednesday, is the fourth since the end of March that the parties have held without reaching an understanding on the format of the new agreement. Guinea Bissau’s Fisheries Minister Orlando Viegas said at the end of the third round earlier this month that the differences of opinion in the process lie in the model each party intends to give to the new agreement, according to the report published in Jornal de Angola. The proposals put forward by the Guinean authorities require an increase of rates compared with what the EU has been paying for the rights to explore the Exclusive Economic Zone’s fishing resources.

The Council adopted conclusions on a renewed impetus for the Africa-EU partnership. The conclusions state that the EU has a genuine strategic interest in deepening and strengthening its longstanding partnership with Africa. The Council welcomes the adoption of the joint communication by the High Representative and the Commission for a renewed impetus of the Africa-EU partnership. The conclusions prepare the Africa-EU Summit to take place in November, whose theme is "Investing in youth", which has become a key priority for Europe as well as for Africa, in a context of African demographic trends creating major challenges in terms of economic development and job creation, security, political participation and migration