The signing of the Treaty of Rome, which established the European Economic Community (EEC) 60 years ago in March 1957, came at a tumultuous time in relations between Europe and Africa. Just weeks earlier Kwame Nkrumah had declared Ghana a republic, an event which was a turning point in the decolonisation of sub-Saharan Africa. Nkrumah remarked that the treaty's inclusion of colonial territories was to neocolonialism what the Berlin Treaty of 1885 had been to colonialism.
The Governments of New Zealand and Samoa, the Asian Development Bank and the European Union are combining to further develop hydro-electric power in Samoa. A ceremony today turned the first sod for the construction of the Fuluasou hydropower plant which has a preliminary capacity of 0.68 megawatts
For two days last week, on March 9 and 10, trade ministers from Commonwealth countries met in London to explore ways of boosting intra-Commonwealth trade and investment. It was the first time that the Commonwealth, which is not a trading bloc, but a loose organisation of 52 predominantly former British colonies, would meet to develop a trade agenda.
To boost the Kaduna State economy, the United States of America, European Union, foreign and other local investors within and outside Nigeria have expressed interest in the 2017 edition of the Kaduna Investment Summit, tagged, Kadinvest 2.0.
Europeans’ taste for sugar transformed the world. West Indies plantations built from the 17th century to feed demand drove a nexus of commerce, capital and manufacturing that fomented the industrial revolution and modern financial markets.
The formulation of projects under the COMESA trade facilitation programme to be financed under the 11 European Development Fund has entered the home stretch. This follows the conclusion of a two day regional workshop for member States to validate the identified projects. The programme has an allocation of 53 million Euros out of a total of 85 Million Euros provided by the European Union in support of COMESA regional integration programmes. The overarching goal of the trade facilitation programme is to make trade transactions easier, quicker, more efficient and less costly, thereby enhancing trade flows.
Britain’s departure from the EU will challenge the bloc’s role as the world leading aid donor, and could see EU aid shrink by up to 3%, according to an authoritative new study by the European Parliament. The EU is the world’s largest aid donor, and the UK in absolute terms, is the second biggest, giving some $18.7bn.
Media representatives and members of national bureaus of standards in CARIFORUM member countries participated in a close-out regional press conference on Thursday, March 23, which was geared at highlighting the numerous successes of the 10th European Development Fund (EDF) Technical Barriers of Trade (TBT) Programme. The overall objective of the 10th EDF Programme was to support the beneficial integration of the CARIFORUM states into the world economy, to support regional cooperation and the development efforts of the Caribbean, in an effort to meet the requirements under the current Economic Partnership Agreement (EPA) between the European Union (EU) and CARIFORUM.
The Caribbean Export Development Agency (Caribbean Export) and the European Union (EU) have signed the 11th European Development Fund (EDF) agreement worth EUR 24 Million to support regional private sector development. At the 11th EDF launch and signing ceremony, held yesterday at the Lloyd Erskine Sandiford Centre, Barbados, Head of Delegation of the EU to Barbados, the Eastern Caribbean, the OECS, and CARICOM/CARIFORUM, Amb. Daniela Tramacere highlighted that the EU remained the largest grant aid donor in the world and have set aside a total of 364 million euros for regional development; a substantial increase to the amount of aid provided under the previous regional development fund.
Mr Thomas Silberhorn, the Deputy Minister in the German Federal Ministry for Economic Cooperation and Development, has reaffirmed Germany’s commitment to support measures to ensure transparency in Ghana payroll system and other development activities. He said Germany financed the country’s biometric payment mechanism with the introduction of E-Zwich under the Ghana Interbank Payment and Settlement Systems Limited to detect and correct the anomalies in the data of employees. “Digitalisation brings about great chances for African countries. Such an innovative payment mechanism does not only give many people access to the banking system but relevant tool to fight fraud and corruption,” he explained.