Video guest: Josephine Mwangi

September 2017
M T W T F S S
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1



SELECT_TAGS :
















Twitter

Follow the CTA Brussels Daily

 

twitter logo

 

facebook logo cta

EDITO
Monday, 25 September 2017

Operationalizing the Organization of Eastern Caribbean States (OECS) Customs Union, which will result in the removal of barriers to free trade in the region, is being strengthened through a series of regional capacity building consultations being undertaken by the OECS Commission. These sessions will provide a clearer understanding of the new era in domestic, regional and international trade for the seven OECS Protocol Member States, which would include the removal of import formalities on goods traded within the Customs Union and the harmonization of border and regulatory procedures with respect to goods imported from countries outside of the region. To date, the Commission has held consultations in St. Vincent and the Grenadines, Dominica, Montserrat and St. Kitts and Nevis on the work undertaken to establish the Customs Union and Free Circulation of Goods.

The New Partnership for Africa’s Development is hoping to play a dominant role in strengthening ties between African countries that would boost traditionally low levels of intra-African trade by focusing on trade corridors, or transit cross-border road networks. NEPAD, as the agency is more commonly known, plans to achieve its goals by tackling logistical transport concerns such as issues of tariff setting, duties and regulations, and harmonization through their Move Africa initiative, which launched in 2016. NEPAD, the technical body of the African Union, works specifically with regional economic communities in Africa to select projects and programs to support.

Monday, 08 May 2017

Namibian President Hage Geingob over the weekend implored African governments and the private sector to aggressively champion industrialisation in their economies and curb over-reliance on raw commodity exports. Geingob, who was on a three-day state visit to Zimbabwe, spoke at the official opening of the 58th edition of the Zimbabwe International Trade Fair (ZITF) in Bulawayo, where he noted that the challenges facing the African continent and rising youth unemployment could only be addressed by harnessing regional linkages and pursuing a robust regional industrialisation agenda anchored on value addition and beneficiation. He bemoaned low intra-regional trade and reliance on imports from developed economies, which he blamed for the continued use of economic models that serve colonial interests.

The Agriculture Export Council (AEC) is working on the preparation of marketing and consumer studies for the African markets and is expected to finish them in May. The AEC also intends to raise exports of the sector to $2.26bn in 2017, up from $2.146bn in 2016, with an expected growth of 5%. Head of the AEC, Abdel Hamid Demerdash, said that the African market is important and promising for the future of Egyptian crops, where there are many potential large markets. He added that the studies are based on exploiting the joint trade agreements between Egypt and the rest of the African countries, which will contribute to entering these markets with the help of intact economic trade plans.

Wednesday, 03 May 2017

The Democratic Republic of Congo (DRC) has signed a Memorandum of Understanding (MoU) with regional trade facilitator TradeMark East Africa (TMEA) to improve cross border trade and enhance trade links between the country and East Africa Community (EAC) member states. The government of the Netherlands has committed $6.7 million to kick-start the projects. TMEA will invest in projects involving already available resources such as water transport, simplifying trade processes through training and facilitating adoption of ICT around Eastern DRC. They will comprise dredging and rehabilitation of Kalundu Port on Lake Tanganyika; capacity building and implementation of Integrated Border Management Systems on the border crossings in Rusizi between Rwanda and Bukavu; rehalibitation of the Ports of Kasenyi on the DRC side and Ntoroko in Uganda; as well as infrastructure work at the border crossing at Goli, Uganda and Mahagi, DRC.

For the fourth consecutive year since 2013, East Africa remained the fastest growing sub-region in 2016 on the back of agricultural growth, an emergent manufacturing sector, improved public spending on infrastructure and resilient household consumption, among others. This is according to the 2017 Economic Report on Africa (ERA2017) recently launched in Dakar, Senegal. The report examines how to harness the opportunities from rapid urbanisation to speed industrialisation and accelerate structural transformation. It also identifies and analyses the drivers, enablers and policy levers for strengthening linkages between industrialisation and urbanisation.

Wednesday, 26 April 2017

The African Development Bank (AfDB) has provided over 30 million U.S dollars to support South Sudan’s membership in the African trade, insurance and development body and also strengthen electricity distribution networks. AfDB said in a statement on Thursday evening it has approved 18.15 million U.S. dollars to Juba to help with required resources to support its membership in the African Trade Insurance (ATI) and Trade and Development Bank (TDB). AfDB also approved a supplementary loan of 14.57 million dollars to rehabilitate and expand the electricity distribution networks in the South Sudanese capital Juba.

South African group Shoprite plans to invest US$571.7 million in the expansion of its supermarket and distribution network in Angola under an investment contract signed with the Technical Unit for Private Investment (UTIP). The project involves opening 15 shopping centres over the next five years, 22 supermarkets (three already in operation since 2015), a warehouse and two residential structures for staff, as well as improvements in four supermarkets. The investment will cover 11 of Angola’s 18 provinces and includes the creation of 5,613 jobs for Angolans, of which 3,278 in Luanda.

Wednesday, 19 April 2017

A key matter before the Pacific Islands Forum economic ministers who are meeting in Suva is how to set up a regional finance facility. The ministers have had the idea of such a facility before them for several years as they look to ways to pay for development in the region. Don Wiseman spoke with the Forum's trade commissioner to China, David Morris, who's at the meeting and began by asking if the ministers have in mind an agency like a Pacific version of the Asian Development Bank.

Tuesday, 18 April 2017

On Tuesday, March 7, the ASPI Independent Commission on Trade Policy released its new report, Charting a Course for Trade and Economic Integration in the Asia-Pacific, at the Embassy of Australia in Washington, D.C. The event featured a panel of speakers, including report coauthors Wendy Cutler and Peter Grey, three Asia-Pacific ambassadors to the U.S., and moderator Shawn Donnan of the Financial Times.

  • Bookmark and Share
  • Email
  • Print