More British companies will be encouraged to do business with their Nigerian counterparts, the British High Commissioner to Nigeria, Mr. Paul Arkwright has assured. The envoy, who gave the assurance during his visit to Rack Centre, West Africa’s premium Data Centre in Ikeja, Lagos, expressed satisfaction with the level of development that the organisation has achieved in less than foru years of operation. Accompanied by a team from the Trade and Development section of the High Commission, Arkwright said it was interesting to hear that that the facility had not had a single downtime since its inception even as it upgrades frequently with seamlessly integration to the BladeRoom Technology.
The Government of Ireland has made an announcement through which it seeks to promote different vital sectors of Uganda’s economy. Sectors to be supported include agro processing, tourism, aviation and ICT. This was announced by Ireland’s Minister of State for the Diaspora and International Development, Joe McHugh, at the Uganda Investment Authority offices in Kampala on Monday. McHugh was on the last day of his three-day inaugural visit to the African continent. During the visit, Ireland’s new 5-year strategic plan for Uganda was launched and it also includes engagement in the area of trade and investment promotion.
Tanzania has refused to sign the Economic Partnership Agreement (EPA) that is set to guide trade between the East African Community (EAC) and the European Union and this has not gone down well with some regional members for some obvious reasons. The Permanent Secretary in the Ministry of Foreign Affairs, Dr Aziz Mlima said his country would not sign the EAC-EU EPA citing 'turmoil' in the EU occasioned by the impending exit of the United Kingdom. "Our experts have analysed the pact and established that it will not be to our local industry's benefit.
The Competition Commission of South Africa has approved without conditions the proposed launch of an ice cream joint venture in the country – Froneri – by Nestle and R&R Ice Cream. The commission said yesterday (14 July) that the plans raised no public interest concerns and were "unlikely to substantially prevent or lessen competition in any market". Nestle and R&R announced last April that Froneri would combine the companies' ice cream operations, operating in more than 20 countries, primarily in Europe, the Middle East, Argentina, Australia, Brazil, the Philippines and South Africa. Nestle and PAI Partners, the private-equity owner of R&R Ice Cream, will have equal equity stakes in Froneri.
The Minister of Political and Public Affairs, Madam Nanette Thomas together with the Deputy Director of the Office of Diaspora Affairs, Mr. Sorie Tholley attends the ACP-EU Dialogue on Migration and Development, Seminar on Remittances in Brussels, Belgium. The seminar on remittances which was organised by the African, Caribbean, and Pacific Group of States (ACP) was attended by Stefano Manservisi, the Director-General of DG DEVCO, Ambassador Leonard-Emile Ognimba, Assistant Secretary General – Political Affairs and Human Development (...)
On July 18, the comprehensive Economic Partnership Agreement (EPA) between the East African Community (EAC) and the European Union (EU) was set to be signed, however, it did not go ahead as planned. Officials who spoke to The New Times over the weekend were non-committal on divulging details pertaining to the sudden change of heart that comes after Tanzania recently decided to halt signing, citing the "turmoil" that the EU is experiencing following Britain's exit. The East African Business Council (EABC) has been advising partner states to sign the deal earlier than previously agreed as further delay, it argued, would hamper EAC exports to the EU.
From October, Angolan company Novagrolider plans to start exporting 200 tonnes of bananas a week to Portugal, Spain and France, the company’s chief executive João Macedo said in Luanda. Novagrolider produces 150,000 tons of various products annually and on a monthly basis exports about 70 tonnes of bananas to the Democratic Republic of Congo (DRC). According to the CEO these amounts are below the company’s potential. With an investment of about US$200 million, Novagrolider has production areas in the provinces of Kwanza Sul, Bengo and Luanda and will expand its structure to the provinces of Huíla and Cunene, with the production of fruit and vegetables.
In order to promote mutual trade and investment opportunities in the fresh fruit sectors between South Africa and Italy, Fruit South Africa and the Associazione Italiana Commercio Estero (AICE), a non-profit entrepreneurial association, established in Milan, have signed a Memorandum of Understanding (MoU). AICE has over 70 years' experience working to promote business relations between Italy and the rest of the world. It represents Italian companies that are predominantly committed to commercial activities abroad such as trading, export, import, countertrade, buying-offices, export management as well as services activities related to small and medium enterprises.
The European Commission will today, 19 July 2016, announce the results of its evaluation of the Cotonou Partnership Agreement (CPA), and report on the good progress being made towards the main objectives of the partnership between the EU and the African, Caribbean and Pacific (ACP) States. The agreement is making a considerable contribution to the eradication of poverty, and increased integration of the African, Caribbean and Pacific (ACP) countries into the world economy, and is enhancing the capacity of regional organisations to intervene in conflict management, according to the evaluation.
The Chair of the Pacific Islands Development Forum (PIDF), Prime Minister Hon Manasseh Sogavare of Solomon Islands has highlighted the need for the organization to start discussions on a new partnership with the European Union for the post-Cotonou era. When accepting the chairmanship of the PIDF on Wednesday from the Fiji Prime Minister Hon Frank Bainimarama, Prime Minister Sogavare said there are two key issues that he felt deserved the attention of the PIDF and engaging in its discussion through this platform.