Video guest: Josephine Mwangi

February 2018
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Thursday, 22 February 2018

The Ambassador of the Federal Republic of Nigeria to France, Dr. Modupe Irele, on Monday disclosed that there were currently about 120 French businesses located in different parts of Nigeria. Irele told the News Agency of Nigeria in Lagos that Nigerians were also prepared to go into partnership with more French companies in adding value to Nigerian products. She said: “Nigeria is France’s largest trading partner in Africa. There are currently approximately about 120 French businesses that are active in Nigeria.

Thursday, 01 February 2018

Namibia will remain on the European Union blacklist as long as it refuses to ratify the Organisation for Economic Cooperation and Development's convention and abolish harmful preferential tax regimes. The EU blacklisted Namibia last year, together with countries like Panama, South Korea, Macau, Barbados, Samoa, Trinidad and Tobago, Tunisia and the United Arab Emirates for failing to deal with illicit financial flows. The OECD is an inter-governmental economic organisation with 35 member countries, founded in 1961 to stimulate economic progress and world trade. According to the Outcome of Proceedings for the Council of the European Union dated 5 December 2017, Namibia is not a member of the Global Forum on Transparency and Exchange of Information for Tax Purposes.

The European Union (EU) and African Union (AU) have both pledged unwavering support to President Mnangagwa’s Government in its efforts to reintegrate Zimbabwe into the international community and reforms to place the economy on a growth trajectory. AU chairperson Mr Moussa Faki Mahamat will visit Zimbabwe soon to assess how the AU can support the country in its preparations for harmonised elections, to be held by June this year and renewed efforts to have illegal sanctions imposed by the West lifted.

Wednesday, 31 January 2018

CABI’s work in partnership to improve Ghana’s phyosanitary systems means vegetable exports worth $15 million a year are continuing once again after the lifting of a Directorate-General for Health and Food Safety of the European Commission ban imposed in 2015. The lifting of the suspension, imposed due to concerns about the management of four quarantine pests including false codling moth, whitefly, thrips and fruit fly, means Ghana is exporting chili peppers, bottle gourds, luffa gourds, bitter gourds and eggplants to Europe once more.

The Head of European Union (EU) Delegation to Ghana, Mr William Hanna, has urged Ghanaian exporters to add value to their products in order to attract lower tariffs on the European market. “Europe today already buys your high quality products and we want to buy more if you add value to your products here in Ghana, by processing them so that you do not face higher tariffs,” he stated. Mr Hanna said that in an interview with the media in Accra last Thursday to explain further the Ghana-EU Interim Economic Partnership Agreement (EPA).

Namibia has lifted a ban on poultry from Belgium after outbreaks of the highly contagious H5N8 bird flu in the Western European country caused trade to be suspended in June, the government said on Wednesday. Namibians, who consume an estimated 2,500 tonnes of chicken each month, have only one commercial supplier able to supply between 1,800 and 1,900 tonnes and the country relies on imports to meet demand.

Monday, 29 January 2018

Zambia stands in a stronger path of attracting millions of dollars in FDI compared to other countries in the southern region due to its tested history of peace and political stability, an influential German business association has said. During a courtesy call paid on Ambassador Anthony Mukwita’s offices on Axel -Springer-Strasse in Berlin, Mr. Christoph Kannengiersser, CEO and Director General of the German-African Business Association (GABA) known by its local name of V Afrika-Verein said all Zambia has to do now is to continue using its good name abroad to woo investors to pump money into the southern African country.

Monday, 08 January 2018

The OECS Commission has joined the Saint Lucia Government’s Department of Commerce, International Trade, Investment, Enterprise Development and Consumer Affairs in celebration of November as “Business Month” under the theme: Promoting an Entrepreneurial Culture – Innovation and Creativity. In recognition of Business Month, a CARIFORUM – EU Economic Partnership Agreement (EPA) Workshop on Regional Business to Business Strategic Networking was held on Nov. 28, at the Finance Administrative Centre in Pointe Seraphine, Castries, where goods and services firms, as well as business support organizations of Saint Lucia and the wider OECS region, were exposed to a series of informative sessions on the export of products and services to the European Market.

European Investment Bank (EIB), has granted the African Export-Import Bank (Afreximbank), a line of credit agreement amounting to €100 million. The agreement took place last week in Abidjan, Côte d'Ivoire, on the sidelines of the African Union-European Union Summit. The facility is aimed at financing trade-related long-term productive investments by private sector entities, or commercially operated public sector entities in Afreximbank member countries that are also signatories to the Cotonou Agreement. The seven-year loan will finance trade-related investments and projects in Africa, with particular emphasis on small and medium-sized enterprises (SMEs) engaged in export manufacturing.

The ACP Sugar Group are deeply concerned with the recent news that the EU plans to modify its market access offer to Mercosur to include sensitive products, among them sugar, during the next round of trade talks between 4 and 10 December. This is contrary to the consistent assurances on sugar and other sensitive products given by the European Commission to the ACP Group, most recently by Commissioner Malmström at the Joint ACP-EU Ministerial Trade Committee in October 2017 where she stated that, “When negotiating with other parties, we keep in mind the potential impact on the EU-ACP trade relationship. The EU's defensive interests largely correspond to the ACP Group's identified interests. Sensitive products, including bananas, sugar, rum, beef and rice, are thus given a particular treatment.”

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