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EDITO
Tuesday, 17 October 2017

More business is expected at the Port of Mombasa after Singapore’s Pacific International Lines and China’s Guangzhou Yansha Development Zone partnered to increase their investments. PIL, the fourteenth largest container liner company in the world, and Guangzhou have agreed to build more rail and road connections in East and Southern Africa. The two companies signed a strategic cooperation agreement in Mombasa last week, sealing a deal to cover Kenya, Uganda, Rwanda, Burundi, South Sudan, Zambia and Malawi. The trade pact was signed by Guangzhou’s Zhang Benhua and Yong Wang, PIL East Africa representative Nandar Warrier, and Kenya Shipping Agency Association CEO Juma Tellah.

Madam Lulu Xingwana, the South Africa High Commissioner, has called on African business leaders to consider rural areas in their investment options. She said the business community should look at projects, which could be operated in the rural areas to create the needed development to their various countries. Madam Xingwana was speaking during a business panel discussion on how the Gauteng Province, from South Africa could do business with their Ghanaian counterparts in Accra. She commended Ghana for being one of the best countries on the African continent for its stable good governance and peaceful transition.

The European Union has indicated it would provide an additional 11 million Euros (F$22.6m) assistance to the sugar sector. This was announced yesterday by the Chairman of the Fiji Sugar Corporation Vishnu Mohan at a press conference in Lautoka. He said this would come under the EDF11 Program through budget support. “There are also possibilities that the EU would assist in the rehabilitation of farms affected by TC Winston,” Mr Mohan said. Currently, EU is assisting the Sugar Sector under its Accompanying Measures for the Sugar Protocol (AMSP) Program.

Preparatory to the 2017 establishment of a Continental Free Trade Area (CFTA) in Africa, Nigeria has commenced negotiations to facilitate the adoption of the trade deal after several months of lagging behind among other trade blocs. Indeed, three Regional Economic Communities (RECs)—the Common Market for Eastern and Southern Africa (COMESA), East African Community (EAC) and Southern African Development Community (SADC)—had reached an agreement in 2015 to expedite the process towards the operationalization of the tripartite Free Trade Area by finalising outstanding issues.

The Fair Play Movement is bringing international experts to help stop the proliferation of the predatory trade practice of dumping worldwide. It has taken the South African EU Ambassador to task over the illegal dumping of chicken in South Africa.An independent organisation, newly founded by Francois Baird, it has addressed a letter to Ambassador Marcus Cornaro to step into the corner of the anti-dumpers and help eradicate this scourge to trade. Baird referred to the EU’s publicly stated objectives to develop the South African industry and ‘not create havoc’ in this market.