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Wednesday, 18 July 2018

Two years ago, the European Commission put forward an ambitious Investment Plan for Europe to get our continent back on track by mobilising new private investments. Its combination of improved access to finance, guarantees, technical assistance, and measures to create a positive business environment has delivered impressive results. For each euro spent, it is mobilising about 10 euros in investments. The same innovative approach could benefit immensely our entire neighbourhood. For this reason, we are now proposing a European external investment plan.

Kenya has secured safeguards to protect its primary industries from the European Union after it ratified a trade deal with Brussels allowing continued unrestricted access of its exports to the bloc. The deal signed by Kenya offers insights to other East Africa Community members, notably Tanzania and Burundi, which have hesitated to sign the EPA for fear that it will derail their industrialisation plans. Tanzania has asked for more time to assess the potential impact while Burundi insists it will not sign the agreement until the EU lifts economic sanctions against it.

Tuesday, 04 October 2016

Unima, leader in Madagascar’s shrimp production sector, was awarded Aquaculture Stewardship Certification (ASC) for its aquaculture farm Aqualma located in Mahajamba, the northwest coast of Madagascar. It is the first shrimp farm in Africa to receive ASC certification, an internationally recognized labeling scheme that promotes the best environmental and social aquaculture performance. WWF´s partnership with Unima to develop and implement good social and environmental practices started in 2007. Through ASC certification, the company is being recognized for boosting community development, reforestation and for its sound management of mangrove areas, water treatment and waste management.

The revision of rules of origin for products manufactured within the East African Community (EAC) have encouraged investment and boosted manufacturing sector within the region, the business community and officials have said. In Article 1 of General Agreement on Tariff and Trade, rules of origin are defined as laws, regulations and administrative determinations of general application applied by any member to determine the country of origin of goods leading to the granting of tariff preferences. Different stakeholders were speaking during the 7th session between the Ministry of East African Community and the Rwandan private sector, last week.

China has pledged a donation of equipment worth $US82,000 to support marine surveillance in the Cook Islands. Cook Island News reported a delegation from the Cook Islands was in China last week to discuss cooperation between the Guangzhou and Zhuhai government on agriculture, fisheries, culture, tourism and health. The donation will include equipment and transportation facilities. An agriculture and fishery training project was also agreed upon and will start next month. The secretary of cultural development Anthony Turua said ten representatives from the Ministry of Marine resources and the Ministry of Agriculture would visit Zhuhai in mid-October as part of the first training project.

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