Video guest: Josephine Mwangi

October 2017
M T W T F S S
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5



SELECT_TAGS :
















Twitter

Follow the CTA Brussels Daily

 

twitter logo

 

facebook logo cta

EDITO
Saturday, 21 October 2017

Members of the Economic Community of West African States (ECOWAS) recently met to discuss the investment climate scorecard targeted at unlocking investment in the region. In a chat with CNBC Africa, Kalilou Traore, the ECOWAS Commissioner for Industry and Private Sector Promotion, spoke on the need for more formal trading in the region and Morocco’s integration into the organisation. In the area of economic integration, our aim to create a regional common market regarding trade, industrialization, investment and many other issues in different sectors. We noticed that one of the biggest challenges is the investment ratio. The gap of investment in our region is very huge. An estimation of our need may be around $45 to $50 billion every year.

The African Development Bank has approved a US $100- million facility to finance Export Trading Group (ETG’s) soft commodity value chain operations in sub-Saharan Africa. This Soft Commodity Finance Facility (SCFF) is one of the core Trade Finance instruments in the Bank, innovatively structured to provide pre- and post-shipment finance along various stages of ETG’s commodity value chain operations in the 17 countries expected to benefit from the initiative. This intervention will help local farmers and soft commodity suppliers grow their revenues and produce quality crops for export.

Official potato trial seed sent to Kenya has passed initial lab tests and is now growing well in three locations. AHDB and SASA have been working together to open the Kenyan market to GB seed with a bilateral agreement signed by the Scottish and Kenyan governments late last year. Since then, there has been a significant amount of work behind the scenes to transport, test and plant seed on Kenyan farms. AHDB’s Head of Crops Export Market Development, Rob Burns, explains: “Before commercial growers can access the market, trial seed needs to be tested and grown over two seasons in at least three geographical locations in Kenya. Fortunately in Kenya there are two growing seasons annually so we hope to reach the end of this process, and open up the market fully, by early 2018.

The focus is currently on the failed Navel crop in this South African citrus import season. "At the moment, this has meant a loss of 100% of the export volume for some farmers in the Eastern Cape. In the Western Cape, 25 - 30% of the product has been lost. Overall, it has been a traumatic event for growers, whose fruit lies split on the ground", says Tjeerd Hoekstra, Commercial Manager of Total Produce Rotterdam.All this is ensuring good prices for oranges from overseas, with other citrus products are also priced well. "There are fewer grapefruits being sent, and this reflects in the prices. Prices have been good since the beginning of the season and with a level of between 17 and 19 cents, remains on the high side", says Tjeerd.

The European Union (EU) will finance the second phase of the Wadi El Kou Basin project in North Darfur with €10 million. The second phase of the project will start in October this year and will last for five years. The North Darfur Minister of Agriculture, Anwar Ishag, announced the grant in the state capital of El Fasher in a press conference yesterday, together with visiting EU adviser Magda Nassif. The Minister called for further cooperation with the EU concerning the implementation the second phase of the project. EU adviser Nassif said that she will sit with the project's advisory and technical committees, and will discuss the project as well with other stakeholders and leaders of the local communities to select the project areas.