Video guest: Josephine Mwangi

October 2017
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EDITO
Monday, 16 October 2017

Counsellor and Head of Trade and Economics of the European Union Delegation to Nigeria and the Economic Community of West African States (ECOWAS), Fillippo Amato, has said trade between Nigeria and European Union (EU) member states stood at 19.9 billion Euros in 2016, Besides, Amato stressed the need for the Nigerian government to expand its tax base in order to diversify its revenue. He disclosed this at a press conference to announce its sixth edition of the EU-Nigeria Business Forum slated for October 5 to 6 in Lagos.

The European Union must make more investment in Africa to ensure Europe's continued prosperity and security, Malta's President Marie-Louise Coleiro Preca said at the Arraiolos Group meeting on Friday. Thirteen Non-Executive Presidents of the European Union gathered in Malta from Thursday to Friday to debate European inclusiveness with respect to poverty and social injustices of European citizens and refugees. Preca proposed the need to invest in Africa because she believed it will be of benefit to Europe too. "We need to look at Africa as a continent of opportunity. Europeans had colonized Africa and it was, and still is, a continent of opportunity," Preca said.

Friday, 06 October 2017

A new organisation which aims to bring together businesses in Ghana and Ireland has been launched in Accra. Business Ireland Ghana (BIG) is being set up at a time when trade between Ireland and Ghana is growing. The organisation’s members come from the established Irish business community in Ghana, companies in Ireland looking to expand into Ghana, and Ghanaian businesses with an interest in Ireland. Launching Business Ireland Ghana, the Irish Ambassador to Ghana, Nigeria and ECOWAS, Sean Hoy, said that it was an exciting time to launch the network.

Grape growers were given new hope of exporting their produce through the Port of Lüderitz in the near future. The proposition was tabled by NileDutch's commercial director Leo Huisman during a tablegrape pre-harvest season meeting at Aussenkehr, as he outlined that NileDutch can be the solution to using the Lüderitz port. Namibian grapes are currently exported to the Port of Rotterdam in the Netherlands via Cape Town in South Africa, with the produce moved from Namibia to South Africa by truck. Huisman indicated that NileDutch was ready to provide a reliable and quality service that will ensure the grapes are no longer transported to South Africa before shipment, but shipped to Europe straight from Namibia through Lüderitz Port.

As the 5th Meeting of ACP (Africa, Caribbean, and Pacific) Ministers of Fisheries and Aquaculture in Nassau closed, delegates resolved to create a strategic plan to secure the aquaculture and fisheries sectors of the 79 member countries (of almost one billion people) to bring about foreign exchange, improve job security and food security. Bahamas Minister of Agriculture and Marine Resources the Hon. Renward Wells chaired the week-long meeting and, delighted that the group arrived at a resolution, gave brief remarks to the media at the session’s closing.

The EU delegation to Nigeria said the 6th edition of the European Union-Nigeria Business Forum will place emphasis on the role of young people in Information and Communication Technology (ICT) and agribusiness. Filippo Amato, Counsellor and Head of Trade and Economics Section for the EU delegation to Nigeria and ECOWAS disclosed this during a press conference in Lagos recently. The theme of the conference ‘Youth as an Engine of Broad-based Economic Transformation’ is apt, according to Amato, because it brings attention to a segment of the Nigerian population that has increasingly contributed to the economy of the country. The theme, he added, aligns with the forthcoming Africa Union and EU summit later this year.

Monday, 02 October 2017

Europeans and Mauritanians have today begun a joint commission in Brussels to evaluate the agreement. It is the most important bilateral fisheries agreement for the European Union (EU) from the economic point of view. The Spanish fleet calls for improvements in access to the waters of the North African country. Representatives from the EU and Mauritania will meet until Friday to discuss the fisheries agreement, which proves interesting to the Spanish fleet. The agreement with the African country is the main EU protocol from the economic point of view. It offers licenses for about 56 Spanish ships and concerns the fleet of Andalusia, Galicia and the Canary Islands. In return, the EU pays EUR 57.5 million per year to Mauritania.

Friday, 29 September 2017

Fiji could still enjoy a good price for its sugar by focusing on the Asia-Pacific market when duty-free access to the European Union ends this month, says Fiji Sugar Corporation CEO Graham Clark. Speaking at a press conference on Monday in Lautoka, he said while this month brings an end to a lucrative deal with the European Union, it would open up opportunities for other markets. "To date we have sold 93,096 of the 140,000 tonnes of sugar produced so far this year," he said. "The EU protocol ends on September 30 and new marketing era will emerge whereby all of our interaction with our European customers will basically be conducted on commercial terms that are linked to the world raw sugar price. “So we need to think how we can best operate to our own advantage and I think to capitalise on Fiji's geographic advantage."

The European Union (EU) and its member states are committed to supporting the conservation, sustainable management and use of natural resources, as well as the conservation and sustainable use of biodiversity and ecosystems. These include forests, oceans, coastal areas, river basins and other ecosystems for the provision of ecosystem services. In line with international commitments, they have committed to tackling illegal logging and its associated trades - land and forest degradation, desertification, drought and biodiversity loss - and also promoting co-benefits from sustainable management, including enhancing climate resilience and adaptation.

The European Investment Bank (EIB) will not be lending to the local financial sector after Zimbabwean banks told the lender that appetite for medium-term loans was presently low, it has emerged. European Union (EU) ambassador to Zimbabwe, Philippe van Damme, last week told The Financial Gazette that while the EIB was prepared to advance money for medium-term on-lending to local banks, the financial institutions had pointed out that the move was presently unprofitable. "The EIB board had given the green light for the bank to lend to the private sector with the entry point being the banking sector. So the arrangement was for medium-term lending credit for the informal sector and (so on).