Video guest: Josephine Mwangi

November 2017
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EDITO
Saturday, 18 November 2017

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).

Fourteen (14) Saint Lucian enterprises are getting hands-on with the development of export plans to effectively pursue existing market opportunities in France, Germany and Spain. This is another major milestone for the Trade Export Promotion Agency (TEPA) resulting from an ongoing project to equip trade promotion and business support organizations (TPOs/BSOs) to develop export capacity and market penetration strategies for a total of 26 qualifying Saint Lucian enterprises. The selected companies represent the Agriculture and Agro-processing, Food and Beverage, Creative Services, and Health and Wellness sectors. =

The Nigerian Ports Authority, NPA, has concluded arrangements to sign a Technical Collaboration Agreement with the Port of Antwerp, Belgium towards increasing the export of Nigerian fruits to the European countries. Tunde Okoya, President of the Nigerian-Belgian Commercial Information and Documentation Centre, NBCIDC, disclosed this to News Agency of Nigeria, NAN, on Monday in Lagos. Mr. Okoya said that with the agreement, more Nigerian fruits would have the opportunity of being re-exported from the Port of Antwerp, Belgium to the various European countries.

Derry-based whiskey maker Niche Drinks has continued its international expansion by securing a lucrative export contract in South Africa. The company, which also makes cream liqueurs, flavoured vodkas, ready-to-drink cocktails and microwaveable Irish coffees, will supply its Quiet Man whiskey brand to major wholesaler and retail chain Ultra Liquors in a deal that could be worth a quarter of a million pounds. The export order, secured with Invest NI trade support, is initially for one container of 1,000 cases, but further are expected.

For the first seven months of 2017, sugar recorded the highest export earnings. Sugar accounted for one hundred and nine point one million dollars or a third of the total merchandise exports which stood at three hundred and four point seven million dollars. This is mainly due to the preferential rate that Belize has enjoyed over the years from its biggest importer, European Union (EU); however, all that is expected to change come October, when the European Union changes its sugar regime. The change will cause EU to lift the limitations that it had in place on beet sugar production. This means that Belize along with the other African, Caribbean and Pacific (ACP) countries will have to compete directly with the beet sugar industry which is a cheaper alternative to cane sugar.