Video guest: Josephine Mwangi

September 2017
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EDITO
Saturday, 23 September 2017

For the 50th anniversary of the creation of the Organisation of African Unity (now the AU), African leaders adopted the Agenda 2063: The Africa We Want - a vision for a prosperous Africa based on inclusive growth and sustainable development. One of the defining features of this agenda is the structural transformation of African economies towards achieving shared growth, decent jobs and economic opportunities for all. So far, the structural transformation that shifts productive resources from agriculture and mining to manufacturing - which has helped many countries achieve greater prosperity - has bypassed most African countries. According to a recent International Monetary Fund report, the limited structural transformation in Africa has not translated into more jobs because the manufacturing sector itself requires extensive reform.

Thursday, 20 July 2017

Fresh from the Conservative Party Summer Parlay in London where he mixed with Prime Minister Theresa May and members of her cabinet, Commonsense Advocate and Nigerian Senator, Ben Murray-Bruce has urged the United Kingdom to remove trade barriers between it and all African nations especially Nigeria and instead, should create the enabling economic atmosphere for direct trade deals with the African nations. Senator Bruce made the call while delivering a speech in Kampala, Uganda, alongside

Two agreements, namely on the establishment of the France Development Agency (AFD) in Angola and another one relating to the financing of water projects, were signed last Friday, in Luanda. The first agreement was signed by the Finance minister, Archer Mangueira, and by the French ambassador, Silvain Itté. This agreement is aimed at enabling the AFD to officially in Angola and work in financing projects linked to the areas of waters, energy and agriculture. The second agreement was signed by minister Archer Mangueira and the resident representative of the World Bank in Angola, Clara de Sousa, as well as the director of the France Development Agency (AFD), Martha Stein- Scochas.

The MEP said support for Britain leaving the European Union is surging in Africa, where regulations from Brussels are wildly unpopular. He said EU tariffs imposed on, for example, tomato sauce but not on tomatoes themselves reduce the opportunities Africa has to trade successfully with Europe. Instead, African countries are forced to export basic ingredients, losing out to more lucrative products due to the cost of exporting them. With Britain laving the EU, African states will enjoy a greater variety of what it can export to the country. In exchange, the UK will benefit from cheaper food, something Mr Hanna said will boost the economy as a whole and help poorer people in particular. Writing for the Telegraph, Mr Hannan said the Brexit tide had long since turned in Africa.

Wednesday, 19 July 2017

In the months since it took office in January, The Gambia's new government has made trade an important part of its plans for growth, job creation, and democratic consolidation. The country featured prominently at the recent Aid for Trade Global Review at World Trade Organization headquarters in Geneva. Vice-President Fatoumata Tambajang, Minister of Trade, Regional Integration and Employment Isatou Touray and Minister of Tourism Hamat Bah attended the 11-12 July gathering, which they used to showcase domestic policy reforms and urge aid donors and the private sector to invest in building supply-side capacity in The Gambia. The International Trade Centre has been working to support The Gambia's efforts to develop trade capacity for inclusive economic growth, with a focus on creating jobs for youth and women.

The migrant crisis on Europe's doorstep has returned to the headlines. In reality, it never went away; people are fleeing war, persecution, or just seeking a better life in unprecedented numbers. The pressure will grow unless we take urgent steps to address the drivers of this crisis. In Africa, 55,000 jobs will need to be created every day just to absorb new entrants into the workforce by 2035. If the economic aspirations of this young population cannot be met in their own countries, we will see more uncontrolled and unsustainable migration. Britain is at the forefront of the response. We are taking immediate steps to protect our borders and tackle people smuggling.

The further you travel from Brussels, the likelier people are to see Brexit as an opportunity. I’m in Kampala, discussing post-EU commercial prospects with business and political leaders from across East Africa. While not everyone here started as a Leaver, there is now a widespread hope that Brexit will lead to more open trade arrangements, above all in farming, which employs two thirds of Africa’s workforce. The EU’s Common Agricultural Policy treats Africa as an economic colony. Brussels applies tariffs to tomato sauce, but not to tomatoes; to chocolate, but not to cocoa beans; to roasted coffee, but not to green coffee.

With the world on the brink of an unprecedented four famines, donor countries must urgently step up efforts to tackle the structural causes of hunger and poverty. Food security and sustainable agriculture are among the European Union’s key priorities for development cooperation. The EU is committed to longterm solutions, including empowering smallholders, in particular women, and supporting environmentally sustainable approaches in agriculture. In practice, however, its development aid to the agricultural sector does not live up to its commitments. An Oxfam analysis of more than 7,500 EU-funded projects reveals a significant lack of transparency in reporting, casting doubt on the accountability of the EU’s aid.

G20 leaders in Hamburg will on Saturday hail their “Africa Compact” as a bold new initiative to boost investment and end poverty on the continent. Germany has billed the “trade, not aid” deal it developed during its G20 presidency as a quantum leap, supplementing traditional development aid with a new public-private partnerships to create jobs and improve infrastructure. For Europe it comes at a crucial time, Berlin says: throttling the flow of migrants to Europe. “We in Germany have a fundamental interest of good economic development in Africa and that’s why we are discussing a Marshall plan for Africa,” said Chancellor Angela Merkel, in a nod to the American plan that rebuilt postwar Europe.

Tuesday, 18 July 2017

Nigerian Government Monday, deliberated with the European Union (EU) delegation on ways to facilitate trade and investment in Nigeria.The agreement was reached at the meeting between the Ambassador and Head of EU delegation to Nigeria and ECOWAS, Michell Arion, and the Nigerian Minister of Foreign Affairs, Geoffrey Onyeama. Also at the meeting, which held at the Ministry of Foreign Affairs, were other ministry officials as well as 20 representatives of EU member states.The Minister noted that the meeting was subsequent upon the communiqué signed last year between Nigeria and EU, which focused on security, corruption, prosperity, migration and human development.