Video guest: Josephine Mwangi

September 2017
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EDITO
Wednesday, 20 September 2017

The Head of Cooperation of the European Union Delegation for the Pacific, Christoph Wagner, urged Pacific leaders to continue spearheading international work on climate change mitigation and adaptation, based on the success of the high-ambition coalition in the lead-up to Paris Agreement last November. Wagner made the call at the 4th Pacific Islands Development Forum (PIDF) Leaders' Summit in Honiara, Solomon Islands this week. Wagner explained EU's ongoing work to implement the Paris Agreement on mitigation - in order to reach the EU 40% reduction goal of green-house gas emissions by 2030.

International Flavors & Fragrances Inc. (IFF) and Unilever announced a new partnership with leading non-governmental organizations to enhance the livelihoods of smallholder vetiver farmers in Haiti. The partnership, Vetiver Together, aims to sustainably improve food security, increase yields, and diversify income, while working to support women’s empowerment and environmental conservation. Let's reclall that Vetiver oil is a common ingredient in many fragrances and an important crop for Unilever, found in brands such as Axe and Impulse. Haiti produces some of the best vetiver in the world, and many farmers rely on cultivation of the root for their entire source of income.

Dr. Ekwow Spio Garbrah, the Minister of Trade and Industry, has revealed the cabinet’s intention to sign the interim Economic Partnership Agreement (EPA) with the European Union (EU). He says, “It is because the EPA agreement itself which the European Union signed with ECOWAS as a group required all members to sign to become valid.” Although Gambia and Nigeria refuses to sign the agreement, Dr. Spio Garbrah explains that Ghana may suffer severe sanctions that will impact on processing companies especially Pioneer foods and Cocoa processing companies that trade with the EU. With that the cabinet has decided to sign the interim agreement so Ghanaian exporters can continue to enjoy special privileges.

East African Business Council (EABC), a regional business lobby have called for the speedy conclusion of the ongoing East African Community (EAC)-European Union (EU) trade talks. EABC Executive Director Lillian Awinja told Xinhua here that the delay in signing the agreement is causing anxiety among the EAC business community. "We are concerned that if the agreement is not reached before the Oct. 1 deadline, Kenyan exports into the EU will begin to pay import duty," Awinja said during the Financial Services Sector Forum that took place as part of the UNCTAD 14.

Wednesday, 27 July 2016

The European Investment Bank has agreed to support a new lending initiative by Bank of Kigali to back private sector investment across Rwanda. The European Investment Bank will provide EUR 28 million (RWF 24 billion) alongside EUR 28 million being provided by Bank of Kigali for the nationwide programme. This represents the first Rwandan operation under the European Investment Bank’s second East and Central Africa Private Finance Facility, a EUR 230 million regional lending scheme that supports private sector investment in Rwanda, Burundi, Uganda, Tanzania, Kenya and the Democratic Republic of Congo.