Video guest: Josephine Mwangi

December 2017
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EDITO
Thursday, 14 December 2017

The Government says it is working to transform and strengthen its public procurement system, to ensure greater transparency and efficiency in the management of this process. Among the measures is the streamlining of the procurement process to reduce the time and money spent, according to Dianne McIntosh, director general in the Ministry of Finance and Planning. Addressing the opening of a five-day training course on public procurement at the Mona visitor’s Lodge at the University of the West Indies, Mona Campus yesterday, McIntosh noted that public procurement, which currently accounts for approximately 30 per cent of Gross Domestic Product (GDP), is a high priority area for the Government. In the meantime, McIntosh welcomed the training programme, which she anticipates “will enhance the human, legal and institutional capacity to better allow Jamaica to honour existing commitments and attain the objectives of the Economic Partnership Agreement (EPA) with the European Union”.

Tuesday, 05 January 2016

Cabinet Secretary Trade, Investment and Industrialization Adan Mohamed has decried irregular application and slow implementation of regional protocols for the experienced low Intra-EAC trade. With trade between East African Partner States standing at 12 percent, comparing lowly to intra-European Trade at 60 percent and Intra-Asia at 40 percent, he said domestic laws and regulations and imposed restrictions on free movement of goods and services has impeded accelerated growth.

SOGET, a world leader in Port Community Systems (PCS) is pleased to announce that it has signed a contract with the Port Authority of Jamaica (PAJ) along with Bureau Veritas BIVAC to implement S)ONE PCS. This project represents the largest PCS in the Americas covering 8 seaports and airports and will reinforce Jamaica’s status as a major hub in the Caribbean. Jamaica thus becomes the 8th country to opt for SOGET’s PCS know-how. Jamaica is a reference at the crossroad of world maritime trade flows, a leader for transshipment in the Caribbean, notably thanks to the Port of Kingston which ranks 7th in the top 20 of Latin American and Caribbean ports[1] with 1.63 Million TEU handled in 2014.

The Trade and Regional Integration Project (TRIP), for EAC, was announced by the EAC Secretary-General, Dr Richard Sezibera and ITC Executive Director, Arancha González on the margins of the World Trade Organization's Ministerial Conference in Nairobi, Kenya. The new initiative aims to strengthen existing efforts by East African Partner States for closer economic integration, including the East African Customs Union and the EAC Common Market. The TRIP for EAC project also sets out to support the African Union's Action Plan for boosting intra-African trade and the recently agreed tripartite free-trade agreement among the Common Market for Eastern and Southern Africa (COMESA), the EAC and the Southern African Development Community (SADC).

Exports from Latin America and the Caribbean will drop about 14 per cent in 2015 due to a steep decline in prices and weak demand for the region’s main exports from key trading partners, according to a new report from the Inter-American Development Bank (IDB).The IDB’s “Latin American and Caribbean Trade Trend Estimates 2016” annual report notes that exports dropped for the third year in a row, with the decline intensifying and spreading to virtually all nations in the region. Only two countries posted positive, albeit moderate growth, while in most of the economies the drop in overseas shipments exceeded that of the rest of the world.

Friday, 18 December 2015

The rich flora and fauna, spectacular waterfalls, and mountainous landscape, are all features of Haiti’s tourism product that were presented at the 19th edition of the Binational Ecotourism Fair held in Comendador (Elías Piña Province) a border-zone town in the Dominican Republic from the 7th to the 15th of November. The Caribbean Export Development Agency (Caribbean Export), within the framework of the 10th European Development Fund (EDF) Haiti-Dominican Republic Binational Programme, sponsored the participation of Haiti’s Ministry of Tourism, and Haitian artisans to showcase the diversity and talent that the country has to offer.

Thursday, 17 December 2015

Finish government has granted Euro 2 million (about Sh4.7billion) to an organization working to unlock economic potentials in East Africa--TradeMark East Africa (TMEA)--to complete building houses for staff working at border posts. The move is part of a bigger plan to facilitate a one-stop-centre in four border posts in Tanzania.

DP World has issued a warning that more sophisticated financing methods will be required if Africa is to benefit from the infrastructure transformation that would put its economies on sounder footing. In a report the port operator commissioned from the Economist Intelligence Unit, entitled “Africa at the Crossroads—Bridging the infrastructure gap”, it said that increased recourse to public-private partnerships (PPPs) and sovereign and project bond issuance were required to develop and maintain infrastructure assets. African governments raised $8bn of global sovereign bonds in 2014, up from $1bn a decade ago.

Wednesday, 16 December 2015

Often in the Pacific region we think of organic agriculture as being either simply traditional farming or as being a certification system, but it is broader than that — organic agriculture is a production system that sustains the health of soils, ecosystems and people. It relies on ecological processes, biodiversity and cycles adapted to local conditions, rather than the use of inputs with adverse effects. Business reporter ROPATE VALEMEI speaks with Karen Mapusua, co-ordinator of the Secretariat of the Pacific Community (SPC)'s Pacific Organic and Ethical Trade Community, on the challenges and development of organic agriculture.

Tuesday, 15 December 2015

The ongoing failure of CARICOM countries to reap the full benefits of aid programmes, because of disruptions whenever there is a change of administration, is now a matter of serious concern for at least one international funding agency - the Food and Agricultural Organization (FAO) of the United Nations. (...) "We have to mature our governance structures, we have to grow political parties that talk to each other, we have to grow ministers in the same political party that talk to each other," Dr Deep Ford, FAO coordinator for the Caribbean, told The Gleaner recently.