Video guest: Josephine Mwangi

July 2018
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EDITO
Wednesday, 18 July 2018

Zimtrade has put in place initiatives to revive the collapsing clothing and textile industry, which in recent years has gone through significant decline. ZimTrade CEO Mrs Sithembile Pilime said there was need to restore the clothing and textile industry to its glory days when Zimbabwe exported products in vast amounts to the European Union, SADC and the United States. She said this while officially opening the Mauritius-Zimbabwe buyers/sellers meeting organised by Enterprise Mauritius. She said ZimTrade had launched the cotton to clothing strategy, which began running this year and will continue until 2019 with the key objective of working towards the restoration of the textile industry.

Jamaica can now export bananas to Trinidad and Tobago, following phyto-sanitary clearance by the twin-island state authorities last week, the Ministry of Agriculture has reported. Minister of Agriculture, Labour and Social Security Derrick Kellier made the announcement as he  launched Eat Jamaican Month at the Jamaica Agricultural Society (JAS) headquarters in downtown Kingston on Wednesday, November 5. Speaking at the launch, which marked the 11th anniversary of the ‘Grow What We Eat, Eat What We Grow’ campaign, Minister Kellier said that a contract  was also signed on October 16 for the supply of one container per week of bananas to a United Kingdom importer.

Wednesday, 12 November 2014

Restrictions on the movement of labour and goods as the Ebola crisis in West Africa worsens could have an impact on commodity markets, economists warn.Commodity prices have been largely unaffected by the outbreak, other than a two-week cocoa spike of 10 per cent in September, Capital Economics said this week. Noting that the virus is "first and foremost a human tragedy", commodities economist Hamish Smith said the rising death toll meant a higher risk of the disease spreading.

For many of the agricultural products from Uganda, we may not need to look for markets far beyond the borders. The annual International Trade Fair kicked off at the Uganda Manufacturers’ Association showground in Kampala last week and it was impressive to see all these Small and Medium Enterprises (SMEs) putting up a show of strength, purpose and focus. Many of these SMEs are in the agriculture sector and majorly focusing on adding value to the products, which have for long been consumed at their most basic level.A talk to these exhibitors reveals their keen interest to export to the European and American markets as soon as possible.

Friday, 10 October 2014

The EU Ambassador to Nigeria and West-Africa, Mr. Michel Arrion, has advised Nigeria to view the West African market as an extension of its domestic economy, stating that as the largest economy in Africa and the largest industrial hub of West Africa, Nigeria will undoubtedly be the greatest beneficiary of an integrated West African market especially in agricultural products.Arrion gave this advice at the 3rd EU Nigeria Business Forum, EUNBF, recently held in Lagos Nigeria with a focus on the role of private sector in driving the common EU/Nigeria economic agenda.

Monday, 06 October 2014

The Senegalese Trade Minister declared on Monday in Dakar that the Economic Partnership Agreement (EPA) concluded by West Africa and the European Union (EU) can be regarded as a balanced agreement. Alioune Sarr was chairing the opening of an outreach seminar on EPA negotiations for economic journalists. “Faced with the gradual opening of our markets, the EU has undertaken to support the region by mobilising the financial resources needed to upgrade our production system,” added the Minister.

The promotion of intra-Africa trade would bring equity, unite the people and create peace and stability on the continent, Deputy President William Ruto has said. Mr Ruto was speaking at the ongoing World Trade Organisation public forum in Geneva, Switzerland, where he is representing President Uhuru Kenyatta. He said African leaders, through the African Union (AU), are committed to promoting trade on the continent by encouraging intra-Africa trade through economic integration.

While international trade agreements such as AGOA (African Growth and Opportunity Act) and the recently announced Economic Partnership Agreement between European Union and Southern Africa are positive for the continent and should be encouraged more emphasis needs to be placed on trade partnerships between African countries to drive seamless intra-Africa trade. This is according to Charles Brewer Managing Director of DHL Express Sub Saharan Africa who says that while progress is slowly being made insufficient trade agreements exist in order to encourage and drive intra-Africa trade. 

Thursday, 02 October 2014

Contrary to earlier fears that Kenya would dominate its neighbours in a liberalised regional market, figures show a growing trend towards more balanced trade. While Kenya retains its industrial advantage, earlier policies of import substitution and protectionism adopted by Uganda and Rwanda plus an open trade regime have led to more balanced trade.The two countries, which had been Kenya’s biggest markets for long, have started to produce their own value added products thereby reducing the need for imports.

Thursday, 25 September 2014

Over the past eight years, intra‐regional trading within the East African Community (EAC) has grown from $2 billion in 2005 to $5.5 billion in 2013; this has been directly linked to the implementation of the Customs Union Protocol. Dr Abdulla Saadala, acting Chair of the Council of Ministers, disclosed this last week while explaining that the implementation of the Single Customs Territory (SCT) had resulted in tremendous advantages and efficiencies especially with respect to the turnaround time of movement of cargo. It now takes four days to ship cargo from Mombasa to Kampala and six days from Mombasa to Kigali, before the implementation of the SCT, these figures stood at 18 and 21 respectively.