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EDITO
Monday, 16 July 2018

The Livestock Producers Organisation (LPO) – torchbearer of the N$5 billion worth a year livestock industry – will have its eyes fixed on this year’s national budget after it last year urgently requested government to allocate 10 percent of the budget to the agricultural sector. LPO chairperson Mecki Schneider made the request in his report to the annual congress of the LPO that was held in Windhoek at the end of last year. He reaffirmed that this promise was made originally in the Maputo Declaration of 2003 and confirmed by the Malabo Declaration of 2014 by the heads of state of all African Union (AU) member countries. The Namibian government has for decades now been spending only between four and five percent of its national budget on agriculture, despite an international consensus that Namibia should spend at least 10 percent on agriculture.

The COMESA Business Council, a private sector institution of the regional bloc, said improving intra-trade in the regional bloc requires a need to structure mechanisms on the operations of local companies so that they can produce products of acceptable standards. trade trade A number of multinationals have decided to source outside the region due to the failure by the majority of local suppliers to meet the internationally quality standard requirement demanded for food and beverages suppliers. The institution has thus started a project of training local suppliers on quality standards and food safety.

Dubai Port World plans to construct a $40 million inland container depot on a 30-hectare plot of land in Masaka, a suburb east of Kigali city, as Rwanda seeks to become a regional trade logistics centre. Dubai Port World has been granted a 25-year concession to finance, develop and manage the facility, which will provide warehousing, truck parking, a container yard and other auxiliary services. According to Dubai Port, the first phase of the Inland Container Depot, at the Kigali Logistics Platform, is set to be complete in 18 months’ time, raising hopes that it will contribute to the ease of doing business in the country.

The Finish government has expressed its commitment towards supporting the East African Community (EAC), noting that the significance of regional integration is not only for East Africans, but also an important source of growth for the continent as a whole. Finish ambassador to Tanzania Pekka Hukka made the remarks in Arusha when speaking soon after the EAC secretary general, ambassador Dr Richard Sezibera received credentials from the envoy as Ambassador Extraordinary and Plenipotentiary and Permanent Representative of his country in the EAC.

Angola will start producing its own wheat flour in 2017, in Huambo province, the minister of Industry, Bernarda Martins, said in Luanda. The minister said that the future plant would have a production capacity of about 1,200 tons, of which 900 tons of flour and the remaining 200 tons of bran. Martins said the plant equipment would be cleared through customs in February and that construction work was “virtually complete”.

Officials are projecting a ten per cent increase in exports to the Caribbean Community (CARICOM), following a five-day trade mission to St Lucia, Grenada and Guyana late last month. Speaking at a media conference called by the Barbados Investment and Development Corporation (BIDC) yesterday to report on the trip, Minister of International Business, Commerce and Industry Donville Inniss noted that between January and September last year, the island exported some $259 million in goods to the 15-nation grouping.

Tuesday, 09 February 2016

Primary industries are the backbone of many Pacific Island countries but there is a great need for more up-to-date information on trade in the region to better understand and grow national economies. These were the sentiments expressed by Fiji’s Trade Commissioner to Papua New Guinea, Navitalai Tuivuniwai, at today’s launch of a comprehensive Pacific Islands Trade Report 2010-2014 alongside the European Union Ambassador for the Pacific, H.E. Andrew Jacobs, and Pacific Community Director-General, Dr Colin Tukuitonga, in Suva, Fiji. “To date there is very little readily available information on trade statistics in the Pacific region and this report released by the Pacific Community and the European Union goes a long way to help fill that gap,” Mr Tuivuniwai said.

Ethiopia and Djibouti are partners in many ways so far and the two neighbouring countries are registering better results in the economic and people-to-people ties. Prime Minister Hailemariam Dessalegn said that Ethiopia and Djibouti will further strengthen economic and people- to- people ties and partnership to improve trade and competitiveness in the world market. Similar bilateral discussions were also held with Serbia, Netherlands and Luxembourg presidents, delegates and senior officials on the sideline of 26th AU Summit. The Premier in his talks with President of Djibouti Ismaïl Omar Guelleh said that Ethiopia and Djibouti are partners in many ways so far and the two neighboring countries are registering better results in the economic and people-to-people ties.

Wednesday, 03 February 2016

Outside of Asia, rice is as big a part of diets in west and central Africa as in any region of the world. Though cultivated for over 2,000 years in the Niger River flood plains, local rice production decades ago ceased to keep pace with the rapidly increasing consumption of burgeoning urban populations. Consequently, the 20 or so mostly coastal countries extending from arid and sparsely populated Mauritania to lushly forested Congo and anchored by regional giant Nigeria now account for more than a quarter of global rice trade. Roughly 12 million tonnes gets imported, complementing local output approaching the same amount. Collectively, and in most cases individually, the countries of the vast region have sufficient arable land and water resources to be self-sufficient and even generate large surpluses for export.

Dominican Republic Export and Investment Center (CEI-RD) director Jean Alain Rodriguez on Tuesday said Dominican exports topped US$9.6 billion in 2015, and expects the figure to surpass US$10.0 billion this year. The official, who announced the RD Export event, said it will be the largest exhibit for exportable items to reach foreign markets, will take place at Santo Domingo´s Sans Souci Port Convention Center. Rodriguez said more than 1,000 potential buyers linked to agribusiness, construction, manufacturing and industry, health, beauty, technology, culture, government services, among others are expected to attend the event.