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Regional Trade

Video guest: Josephine Mwangi

October 2018
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EDITO
Tuesday, 23 October 2018

Agri-Vie, a private investment fund focused on food and the food industry in Sub-Saharan Africa, and Norfund, the Norwegian investment fund for developing countries, have jointly invested $17 million in Marginpar Flower Group Holdings, a company specialised in the sale of flowers in East Africa. Herman Marais, the co-founder of Agri-Vie, which includes among its backers the private equity arm of South African insurer Sanlam, said the aim of the investment was to provide sustainable support for the growth of Marginpar, which operates in Tanzania, Kenya, Ethiopia and even Zimbabwe.

EUR 12.5 million loan from the European Investment Bank (EIB) coupled with EUR 5 million European Union (EU) grant to finance modernisation and enlargement of Seychelles’ main commercial harbour, Port Victoria. Agence Française de Développement (AFD) also to provide EUR 16.5 million loan to project. EUR 2 million worth of technical assistance will also be put at the disposal of the SPA. During a public ceremony held in the presence of H.E. Danny Faure, President of the Republic of the Seychelles, agreements were signed between the European Investment Bank, the European Union and the Seychelles Ports Authority to finance the rehabilitation and expansion of the commercial part of the Port Victoria harbour.

Thursday, 26 April 2018

Caribbean development partners and beneficiaries of the Hub and Spokes Programme, an aid-for-trade initiative, began a regional planning workshop April 23–25 with appreciation of the programmes tangible impact on the ground. The workshop is being held at the Guyana Marriott Hotel Georgetown, Guyana. Caribbean country beneficiaries and advisers will work to develop a new framework that is likely to govern the implementation and management of a successor programme.

Wednesday, 25 April 2018

Germany has handed over maritime security equipment to the Multi-national Maritime Coordination Centre (MMCC) in Accra, Ghana to assist ECOWAS maritime security measures. The equipment donated to the Centre is one of the efforts of Germany in consolidating its maritime safety support for the Economic Community of West African States (ECOWAS). The equipment, worth 1.2 million Euros, consist of 18 items-a Barrett long range telecommunications device including nautical and marine radio facilities, satellite communication radio, computers, monitors and voltage regulators, a Mast as well as minibus and their accessories.

Tuesday, 24 April 2018

EU Commissioner Mariya Gabriel says Europe is dedicated to helping Africa build a single digital market, so that e-commerce can pave the way to better jobs and greater equality on the continent. Mindful of its own experience in building a single digital market, the European Union is dedicated to helping Africa do likewise and help unleash the transformative power of e-commerce on the continent, the EU’s digital economy and society commissioner, Mariya Gabriel, has said on the opening day of UNCTAD’s E-Commerce Week in Geneva.

Wednesday, 18 April 2018

The capacity of Mombasa, East Africa’s principal port, will soon increase after an investment of €1,46 billion by the European Investment Bank (EIB) to cut time lost in traffic jams and congested ports. The funding announced in Luxembourg on Thursday will also improve sustainable local transport.

The Minister of Food and Agriculture, Dr Owusu Afriyie Akoto, is wooing Czech investors to the agricultural sector in Ghana. He has told Czech investors that Ghana has some of the best policies for foreign investors and urged them to take advantage of the opportunity to invest in the country’s agricultural sector. Dr Akoto was addressing a Czech Republic-Ghana agro-food business forum at the ongoing TECHAGRO 2018 exhibition in Brno in the Czech Republic.

Friday, 13 April 2018

Mr Tetteh Hormeku, Head of Programmes at the Third World Network, has advised governments in the African, Caribbean and Pacific (ACP) countries to use lessons from the Economic Partnership Agreement (EPA) for the post-Cotonou possible framework. He said the ACP countries would get “the same rotten deal we got from the EPA” if they failed to apply the experiences gained from the EPA. Mr Hormeku was speaking at the opening of a two-day Civil Society Consultative Seminar on the Post-Cotonou Agreement in Accra.

Commissioner for International Cooperation and Development, Neven Mimica is visiting South Africa, where he is meeting, the Minister of Finance Mr Nhlanhla Nene, and the Minister for Small Business Development, Ms Lindiwe Zulu. Commissioner for International Cooperation and Development, Neven Mimica is visiting South Africa, where he is meeting the Minister of Finance, Mr Nhlanhla Nene, and the Minister for Small Business Development, Ms Lindiwe Zulu.

Thursday, 12 April 2018

While the UK prepares to leave one of the world's largest trading blocs, Africa's most populous country, Nigeria, is declining to join one in the first place. Nigerian President Buhari is yet to sign the Economic Partnership Agreement (EPA), which aims to establish a free trade area between 16 West African countries (and Mauritania) and the European Union.