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Regional Trade

Video guest: Josephine Mwangi

September 2018
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Saturday, 22 September 2018

“Our future rests in our hands,” declared Ethiopia’s Prime Minister, Mr. Haile Mariam Desalegn on Monday in his keynote speech at the opening of the Conference of the African Ministers of Finance, Planning and Integration, holding on 4 April 2016 at the Conference Center of the Economic Commission for Africa in Addis Ababa, Ethiopia. Reflecting on harmonising and coordinating the different policies of the Sustainable Development Goals and Africa’s own Agenda 2063, Prime Minister Desalegn urged African states to be “strategic, ambitious, rigorous and disciplined” if they are to achieve sustainable and inclusive development for their people.

Thursday, 07 April 2016

Belize’s exports, which fell by almost $80 million in 2015, continued to slide in the first two months of 2016, according to information just released by the Statistical Institute of Belize. Tiffany Vasquez, Statistician II, reported on Belize’s external trade in merchandise at a press conference held today. She noted that in January and February of 2016, Belize exported goods totaling $52.5 million—a decrease of 37.9% or $32 million from the $84.5 million recorded for the same period last year.

Tuesday, 05 April 2016

Following the First Meeting of the Continental Free Trade Area (CFTA) Negotiating Forum in February 2016, the ECOWAS Commission realized that a regional strategy for the CFTA was urgently needed to identify and promote common development interests of the 16 ECOWAS Member States during the negotiations. The meeting in Accra, organized by the ECOWAS Commission and supported by UNCTAD and the German Development Agency Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), served as a basis to start preparing such a strategy.

The promotion of the highest ethical standards in a company's business dealings across the East African Community (EAC) has been formalised. The new East African Business Council (EABC) Code of Conduct is intended to bring a sense of order by enhancing ethical business practices. The East African Business Council (EABC) members endorsed the document during their Summit held in Arusha. This was on the sidelines of the EAC Summit attended by four of the five regional presidents namely, John Magufuli for Tanzania; Paul Kagame of Rwanda; Yoweri Museveni of Uganda and Uhuru Kenyatta of Kenya.

While Barclays has revealed plans to exit its African exposure other international firms are attracted to the continent like a magnet. Slowing economic growth in Africa, soft commodity prices, and monetary policy tightening in the US have impacted heavily on the region, but a recent study says, in spite of this investors prefer the continent. The region has attracted a number of international investors largely due to the Africa rising narrative. Africa remains one of the fastest growing economic zones in the world. In 2016 the region’s GDP is forecast to grow 2.4 per cent.

Wednesday, 30 March 2016

The government has made good progress in issuing simplified Certificates of Origin (CoO) to improve trade with other East African Community (EAC) Partner States. Majaliwa Kassim Majaliwa, the Tanzania’s Prime Minister said the government has issued 3,222 simplified certificates as of June last year compared to 2,355 issued in 2014. He was addressing the East African Legislative Assembly in Arusha where it is having its current sitting.

Wednesday, 23 March 2016

The Ministry of Trade, Energy and Employment has received funding to launch two critical projects for the advancement of trade in Dominica. One project is geared at enhancing Dominica’s trading environment and trading capacity through the implementation of the European Union-CariForum Economic Partnership Agreement (EPA) and the other is to build a robust consumer protection framework for trade on the island. The Hon Minister for Trade, Energy and Employment, Ian Douglas addressed the launching ceremony at the Fort Young Hotel on Wednesday, February 17th. “These projects are expected to increase the pace of the EPA’s implementation and upgrade food safety standards and management systems in selected enterprises,” he explained.

Friday, 18 March 2016

Angonabeiro has started exporting Angolan Ginga branded coffee to Senegal after being launching exports to the Cape Verdean market, the company said. “Café Ginga”, along with Delta and Delta Cafes Q, are the three brands of coffee owned by Angonabeiro, a subsidiary of Portuguese group Nabeiro, a leader in the coffee market in Portugal, Angola and Mozambique. In 2015 the Portuguese group invested about US$1 million in the acquisition of the entire capital of Angolan public company Liangol, which it had managed for 14 years, after having recovered and modernised it.

Rwanda has started implementing a series of strategies to stimulate its domestic market in light of the trade deficit the country is experiencing. Between 2012 and 2014, major exports from Rwanda were over 83 billion Rwandan Francs ($108 million) and imports exceeded 133 billion Rwandan Francs. To mitigate this deficit, Rwanda’s Private Sector Federation started the Made in Rwanda campaign and adopted a Domestic Markets Recapturing strategy to combat issues faced by small and medium-sized enterprises (SMEs).

The 15-member SADC regional economic bloc is set to receive €1,6 billion (US$1,7 billion) from the European Union to accelerate the implementation of regional integration programmes and projects. This emerged after the EU signed a €4 485 million euros (US$4 948 million) technical co-operation facility with Common Market of Eastern and Southern Africa (Comesa) recently in Zambia to support implementation of regional integration programmes for the Eastern Africa, Southern Africa and India Ocean (EA-SA-IO) region. Head of the European delegation to Zambia and special representative to Comesa Ambassador Alessandro Mariani and Comesa secretary-general Sindiso Ngwenya signed the agreement.