Video guest: Josephine Mwangi

July 2017
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EDITO
Wednesday, 26 July 2017

The initiative is the first international support for financial services in the country in many years. The European Investment Bank is the world’s largest international public bank, owned directly by the 28 European Union member states. “New investment is essential to enable small business across Ethiopia to expand, create jobs and harness new business opportunities,”said Pim van Ballekom, European Investment Bank Vice President. “Over the last 40 years the European Investment Bank has supported crucial energy, water, communications and private enterprise across Ethiopia and our engagement in the country has been transformed since opening a permanent presence in Addis two years ago.

Dutch banking giant Rabobank, a leading food and agribusiness financier, has joined the list of Kenya’s Equity Bank Group shareholders. Rabobank will jointly with the Netherlands Development Finance Company, a government-backed institution also known by its Dutch acronym FMO and Norfund, own an 11.99 per cent stake in Equity Holdings. The shareholding in Equity Holdings is held through Arise, an investment company focused on the banking sector launched early this year.Arise is in the process of acquiring minority stakes in both NMB (National Microfinance Bank PLC (NMB) a commercial bank in Tanzania) and Equity Bank.

Wednesday, 12 July 2017

The costs of ingredients of poultry feed highly depend on the country’s production. As a result these costs highly determine the competitive power of the national poultry chains in East Africa. This is concluded in a study conducted by WLR in collaboration with the Netherlands Africa Business Council (NABC). The study shows how poultry chains in Kenya, Uganda, Rwanda and Tanzania increasingly depend on developments in their neighbouring countries. The results of the project ‘Poultry Development in Africa, a regional perspective’ have been presented in the Africa Event of the Dutch Poultry Centre. Feed prices are lowest in the countries that are able to locally produce the main feed ingredients (mainly maize).

Ambrosetti organized, in partnership with multinational South African pharmaceutical company Aspen Pharmacare, the Roundtable “South Africa-European Union Strategic Partnership – Strengthening economic relations and cooperation and fostering social innovation”, a gathering for high-level debate on strategies and priorities to advance SA-EU collaboration. This event is part of the program of activities of the Observatory on Europe, The European House – Ambrosetti 12 years-old European think tank on competitiveness and integration of the EU, which provides strategic analysis and recommendations to improve the EU’s integration process and bolster European competitiveness.

Tuesday, 11 July 2017

A paltry eight African have so far ratified the Tripartite Free Trade Area (TFTA) more than two years after it was launched in Egypt, raising fears of a failed continental effort to create an expanded trade barrier free market. On 10 June 2015 African leaders launched and signed the TFTA during a summit in the resort town of Sharma El Sheikh. Countries that signed the TFTA included Angola, Burundi, Comoros, Democratic Republic of Congo, Djibouti, Egypt, Kenya, Malawi, Namibia, Rwanda, Seychelles, Sudan, Tanzania, Uganda and Swaziland while Zimbabwe and Zambia signed a week later. The TFTA is espoused to enhance the harmonisation of infrastructure programmes and the development of common programmes for industrial and economic development among the 26 countries in Southern African Development Community (SADC), Common Market for Eastern and Southern Africa (Comesa) and the East African Community (EAC).

The African development bank (AfDB) and Export Trading Group (ETG) have signed a seven-year US$100mn non-sovereign guaranteed corporate loan to finance agricultural projects across Africa. ETG is an agricultural supply chain manager specialising in African commodities. Proceeds from the loan will go towards the company’s five-year Agricultural Investment Programme, which consists of a range of projects to support agricultural production, storage, transport, processing and logistics in 14 countries in Africa. Speaking to GTR, the company’s global head of treasury Anish Jain says the aim of the programme is to “build a bridge between smallholder farmers and international supply chains, as well as promoting intra-African trade”.

EU foreign ministers met with their African counterparts in Luxembourg to express their commitment to boost their mutual cooperation in preparation for an “ambitious and successful” EU-Africa summit in Abidjan, Ivory Coast, on 29 and 30 November this year. Ministers devoted most of their time together to discuss migration and related policies meant at building more resilient states and societies in sub-Saharan Africa as well as creating job opportunities and alternatives to migration of jobs in smuggling.According to a statement in the “Africa-EU Partnership.

The Cape Verdean government will negotiate the inclusion of three new areas in the partnership agreement it signed a decade ago with the European Union (EU), Cabo Verde’s Foreign Affairs Minister Luís Filipe Tavares said on Wednesday in the Assembly of the Republic in Lisbon. The Cape Verdean minister, who is also the Defence minister said the country wants to extend the partnership agreement to the areas of “investment, growth and job creation; the problem of managing the oceans and maritime economy and institutional reforms, at both a central and local level,” and requested Portugal’s help, as a member of the European Union, for this purpose.

Tuesday, 04 July 2017

Kenyan food is set to be safer than ever after the European Union made available state-of-the art equipment that will enable national food control authorities to test the quality and safety of a wide range of food products. The food testing laboratory equipment was launched by The Cabinet Secretary for Industry, Trade and Co-operatives, Adan Mohamed and the EU Ambassador, Stefano Dejak at the Kenya Bureau of Standards headquarters. CS Mohamed said the equipment now available in laboratories at the Kenya Plant Health Inspectorate Service (KEPHIS), the Directorate of Veterinary Services (DVS) and the Kenya Bureau of Standards (KEBS), gives the institutions the necessary tools to enforce and certify compliance with consumer food safety requirements.

Efforts by the federal government to diversify the economy is beginning to yield results, as the federal government is set to export 72 metric tonnes of yam to Europe and the United States today. In a major diversification breakthrough, the minister Of Agriculture, Audu Ogbeh, announced yesterday that the Federal Executive Council (FEC) has approved the exportation of yams to the United States and United Kingdom. Ogbeh disclosed this to State House correspondents after the weekly FEC meeting presided over by Acting President Yemi Osinbajo at the presidential villa, Abuja. The minister was joined at the FEC briefing by his science and technology as well as Health counterparts, Ogbonaya Onu and Isaac Adewole respectively, and Special adviser to the president on media and publicity, Mr. Femi Adesina.