Video guest: Josephine Mwangi

March 2018
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Sunday, 25 March 2018

As part of its effort to have access to United Kingdom (UK) and the European Union markets, Botswana’s investment arm, the Botswana Investment and Trade Centre (BITC) has launched a crusade to exploit the overseas market. The Executive Director for BITC’s International Business in the EU, Moemedi Mokgosi revealed that incumbent and potential exporters who are interested in exporting to the United Kingdom and European Union market have been invited to submit their updated company profiles. Mokgosi explained that the information in the documents should reflect products, scale of operation, location of operation countries of interest within the EU and key contact details for profiling and matchmaking. BITC through its export department is mandated to facilitate exports of locally manufactured goods and services into regional and international markets. Mokgosi said although growth is projected to be slow, the EU remains the largest economy in the world with a GDP per head for 25,000 Euro for its 500 million consumers.

Exports to the European market have risen by 74% in six years. But other obstacles remain to be overcome. Madagascar has a trade surplus, selling more products in Europe than it imports. Madagascar’s exports rose from €499.5 million in 2012 to more than €875 million in 2016. Imports from the European Union account for less than 20% of total imports to Madagascar, according to figures from both the Ministry of Trade and Consumer Affairs, and the European Union Delegation in Madagascar.

Over 65 Dutch companies dominated this year’s Eldoret agribusiness trade fair which came to a close at the University of Eldoret. The trade fair was aimed at furnishing farmers, service providers and industry suppliers with distinctive opportunity to exhibit their products for bench-marking and trade. The fair also provided a platform to farmers and agricultural sector stakeholders to learn emerging technologies and exchange ideas with industry players on how to boost agribusiness in the country. Various dignitaries graced the occasion among them Netherlands ambassador Frans makenn and Eldoret VC Professor Teresia Akenga.

The new European Union Head of delegation to Uganda Attilio Pacifici has promised to focus on strategies for strengthening the Private Sector in Uganda as a catalyst for development. Amb Pacifici was yesterday presenting working copies of his credentials to minister of foreign affairs Sam Kutesa at the Ministry in Kampala. Pacifici said he was looking forward to working with the Government of Uganda to further strengthen relations with the European Union. He replaces Amb. Kristian Schmidt whose tenure ended in July 2017.

Monday, 16 October 2017

Europe’s second largest port, Antwerp in Belgium, maintains special links with the African continent, thanks to the variety of goods it handles and the routes it serves. Antwerp is the story of a river port, which managed to venture forth from the estuary of the River Scheldt and reach the furthest points of the earth. Its saga has lasted more than eight centuries, marching to the beat of globalisation. While it took the Flemish port seven hundred years to reach 100 million tonnes of annual traffic, it only took another twenty-five to double that volume. With 214 million tonnes handled in 2016, it is now one of the world’s twenty busiest ports, between the giants of Asia and still in the immovable shadow of Rotterdam. But unlike its eternal rival, Antwerp does not ride on the black gold of the oil trade.

The Spanish engineering and consulting firm Incatema Consulting has obtained the green light from the Angolan government for an agropastoral project in the Samba Caju municipality in Cuanza Norte province. The news was announced by the Angolan news agency (Angop). With an overall cost of $73 million, the initiative aims to develop the region’s agricultural potential in line with the government’s objective of promoting projects that improve agricultural production and processing. According to Angop, the Angolan Finance Ministry is expected to support the Spanish company by creating the necessary conditions for the project to be carried out.

For the first time in ten years, famine is no longer in retreat across the world, according to the UN Food and Agriculture Organisation (FAO). This disaster can in part by explained by climate change and armed conflicts. But it is also the result of free trade agreements, which impose a lifting of cross-border restrictions that is destabilising for local agriculture. The winds of free trade are blowing across the African continent. On the one hand, the European Union is stepping up its pressure on African countries to finalise the signature of Economic Partnership Agreements (EPAs), and to end non-reciprocal trade preferences: in order to retain the exemption from tariffs on their exports to Europe, Africans will have to remove 80% of those applying to imports from the Single Market.

The French ambassador to Côte d'Ivoire, Gilles Huberson, on Tuesday called on French companies to meet the Africa challenge during the closing ceremony of the first stage of Rencontres Africa 2017, an economic event aimed at strengthening the partnership between Africa and France. Ambassador Huberson welcomed the success of the first stage of Rencontres Africa, which bore fruit with the exceptional participation of French companies.

Kenya has launched a fresh push for the conclusion of long-pending trade deal between the European Union and the East African Community (EAC) amid risks of losing preferential access for its products to the main European market. Kenya and Rwanda signed the deal in 2016, but it needs approval from all members of the East African Community bloc - which also includes Burundi and Uganda - to take effect.

Thursday, 12 October 2017

Ministers of Trade from the Member States of the West African Economic and Monetary Union (WAEMU) met at the end of September 2017 in Cotonou in Benin, under the initiative of the WAEMU Commission, for their annual meeting to discuss the evolution of the main dossiers relating to the implementation of the Union’s trade policy. In their final declaration, the Trade Ministers of the Member States of the West African Economic and Monetary Union (WAEMU) called on the three countries still to sign to do so in order to preserve the gains of integration in West Africa. The latter took note of the efforts made by the Commissions of ECOWAS and WAEMU to ensure that all the States sign the EPA.