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EDITO
Friday, 20 July 2018

Angola and Zambia held in the last three years trade valued at five million dollars, said on Thursday in Luanda, the Angolan Minister of Trade, Rosa Pacavira. According to the minister, who was speaking at the signing of the bilateral agreement with her Zambian counterpart, Margaret D. Mwanaktwa, such trade was based more on oil, sea products, minerals, electrical equipment and basic food products. To the Angolan minister, with the signing of this new agreement, trade between the two countries will improve significantly, especially in the fight against hunger and poverty reduction in both nations, as well as attract private investment between them.

Monday, 01 February 2016

Papua New Guinea is pushing hard to get rid of the trade imbalance currently and is in favour of Fiji. PNG Minister for Trade, Commerce and Industry, Richard Maru, who was in the country two weeks ago, has raised this alarm bell upon his return to PNG. PNG media reports have highlighted concerns where Fiji exports goods worth more than K58 million (FJ$41 million) to PNG while PNG exports only K4 million (FJ$2.8 million) to Fiji. But figures from the Fiji Bureau of Statistics reveals that Fiji’s exports into PNG dropped drastically in 2014 in comparison to 2012 and 2013. Fiji’s exports into PNG in 2012 was around $73 million, 2013 it went down to $63 million and in 2014, it was $17 million which was a big drop.

The Government has announced revisions to the issuing of permits for the importation of fruit and vegetables into Port Moresby. The announcement was made yesterday by Prime Minister Peter O’Neill and Agriculture and Livestock Minister Tommy Tomscoll. There will be a three-month moratorium for businesses in the retail sector to become better acquainted with import reforms that are designed to enhance local production and further protect Papua New Guinea’s bio-security. Mr O’Neill said the Government has taken on the views of businesses in providing the extension, and that ultimately the introduction of the new system will provide a boost for agricultural production.

The Ethiopian government plans to increase coffee exports by 45 percent in 2016 through incentives and increased support to farmers as the population suffers food shortages in one of the worst droughts in 50 years. Coffee made up almost half of Ethiopia’s gross domestic product in 2014, according to the World Bank, BusinessWeek reported. The crop was responsible 84 percent of exports and 80 percent of total employment in Ethiopia. The U.N. estimates that 15 percent of Ethiopians will face food shortages in 2016. That’s 15 million people, ABC reports. Crop production has failed completely in some areas of Ethiopia and is down 50-to-90 percent in others, according to the U.N.’s Food and Agriculture Organisation.

Government has taken note of developments in the setting up of a Mauritius Commodities Exchange, with the assistance of the Dubai Multi Commodities Centre (DMCC). Following meetings that the Minister of Financial Services, Good Governance and Institutional Reforms had with the Executive Chairperson and CEO of DMCC, the latter has agreed to assist in the setting up of the Spot Trading Market for Gold, Diamond and other precious metals in Mauritius, and provide necessary guidance in developing rules/regulations and other soft infrastructure to support the Trading Market.

This week over 600 regional and international industry leaders are in Dar es Salaam for the Agribusiness Congress East Africa to share best practices and discuss strategic plans relating to regional growth and market accessibility in the agricultural corridors. "A unique feature of Agribusiness Congress East 2016 conference is the roundtable discussions between the representatives of the public and private sector, presenting each industry with its own challenges and requirements in an interactive Business to Business (B2B) intimate dialogue," Melisa Bender, the Agribusiness East Africa Marketing Manager said last week.

Fiji has set an example for other Pacific Island countries to follow when it comes to inter-island trade. This is revealed in a report  which will be jointly launched by the the Secretariat of the Pacific Community (SPC) and the European Union on February 3. The report  is an outcome of the European Union-supported Increasing Agricultural Commodity Trade project implemented by SPC. The launch will be officiated by SPC director-general Dr Colin Tukuitonga, the ambassador of EU Delegation to the Pacific Andrew Jacobs and the Fijian Trade commissioner to Papua New Guinea, Navitalai Tuivuniwai.

The Caribbean Community (Caricom) Secretariat is proceeding apace with implementing the Community Strategic Plan 2015-2019, including the preparation of a strategic business plan, guided by the recently established Change Management Office. This assurance was given to the Community Council of Ministers by Ambassador Irwin LaRocque, Caricom Secretary-General as he addressed the opening of the 37th meeting of the Community’s second highest organ, referred to as The Council. It is meeting in Georgetown, Guyana to consider the Caricom Secretariat’s work programme and budget for the year 2016, ahead of the Twenty-Seventh Inter-Sessional Meeting in Belize in February.

Thursday, 28 January 2016

The Federal Republic of Germany has given the East African Community (EAC) Euros37m (over Sh138b) to support the economic integration, regional health facilities and water resource management. “Germany signed a total of euros 37m in grants to the EAC for 2016-2018, highlighting the strong commitment to support the integration process in East Africa,” a statement issued by EAC headquarters, Arusha has said. Euros10m will be invested in the establishment of a regional network of reference laboratories for communicable diseases, it said.

Guyana’s company registry is expected to be among several others across the Caribbean Community (Caricom) Single Market and Economy (CSME) that are set to go online this year. The Caricom Headquarters said this development stems from an ongoing project funded by the 10th European Development Fund to create an online regional registry of companies. “This will serve as a central repository of information on companies and other legal entities established in the CSME.