Reforms missing during EAC finance ministers’ agenda for IDA-21 summit.
WHILE each country in East Africa has had occasion to talk about reforms, there is no such thrust at the regional level as fiscal policy isn’t an East African Community
Strong calls for innovative financing, reform of international financial system to achieve SDGs in Africa.
In a strong call to stakeholders at the opening of the tenth Africa Regional Forum on Sustainable Development (ARFSD-10) ....
African Leaders Unveil Bold Transformation Agenda at Summit, Backed by Powerful New Coalition.
Leaders from across Africa pledge ambitious economic reforms, with the World Bank's IDA at the heart of the strategy...
Three SADC Members Keen to Join Zim-Moza Beira Corridor Route
Democratic Republic of Congo, Malawi and Zambia are keen to join Mozambique and Zimbabwe who have signed a memorandum of understanding over the Beira Corridor Route.
https://www.herald.co.zw/three-sadc-members-keen-to-join-zim-moza-beira-corridor-route/
Akufo-Addo to host 3-Day Africa Prosperity Dialogues from January 25, 2024
The Africa Prosperity Network (APN) in collaboration with the Africa Continental Free Trade Area Secretariat is set to organise the Africa Prosperity Dialogues in Ghana from January 25-27, 2024.
The meeting will offer top business leaders, heads of international development institutions, and social change markers a unique platform to deliberate and proffer comprehensive policies aimed at boosting intra-Africa trade.
ANNOUNCEMENTS
MEDIA ANNOUNCEMENT: 37th Ordinary Session of the Assembly of the AU and 44th Ordinary Session of the Executive Council 15-19 February 2024
15 - 26 January 2024: 47th Ordinary Session of the PRC (Ambassadors)
14 - 15 February 2024: 44th Ordinary Session of the Executive Council (Ministerial Session)
17-18 February 2024: 37th Ordinary Session of the AU Assembly (Heads of State and Government Session)
https://au.int/en/announcements/20231220/media-announcement-37th-ordinary-session-assembly-au-and-44th-ordinary?utm_source=hootsuite&utm_medium=&utm_term=&utm_content=&utm_campaign=
Africa Collective to kick off week-long agenda in partnership with the African Continental Free Trade Area (AfCFTA) Secretariat
Davos, Switzerland. Africa Collective, in partnership with the AfCFTA Secretariat, will kick off a series of activities during the time of the World Economic Forum, taking place from 15-19 January in Davos.
The objective of the Africa Collective Davos agenda is to provide a complementary platform that creates even more space for discussion of African topics and themes, exploring the opportunities for driving economic growth on the African continent.
Around 10% of global trade is threatened as Maersk and others pause shipments via the Red Sea
Approximately 10% of global trade flow through the Red Sea is currently under threat after shipping giants like A.P. Moller-Maersk and Hapag-Lloyd announced the suspension of sea shipments through the Red Sea.
The move comes after the Maersk vessel was attacked by missiles from Yemeni Houthi rebels although the company reported no harm to the ship’s crew.
A spokesperson for A.P. Moller-Maersk (MAERSKb.CO) told Reuters on Friday that the Danish shipping company will temporarily halt all container shipments via the Red Sea until further notice.
Somalia Signs Treaty of Accession, Officially EAC's Eighth Member State
The occasion marks a pivotal moment for Somalia's regional and economic engagement, ushering in a new chapter of partnership, opportunities, and shared prosperity within the EAC.
Somalia has formally taken a significant step towards integration into the East African Community (EAC) by signing the Treaty of Accession, solidifying its position as the eighth member state.
Tanzania to host second AfCFTA conference on Women in Business
The government has finalized the preparation of the Draft Protocol on Women and Youth in business within The African Continental Free Trade Area (AfCFTA)
What is stopping e-commerce from thriving in Africa?
M4D’s research, which surveyed more than 1,500 MSMEs in Egypt, Ethiopia, Kenya, Ghana, Nigeria and South Africa, highlighted how online channels have slashed the barriers to entry by...
EAC Council of Ministers gets underway
THE 44th Ordinary Meeting of the East African Community (EAC) Council of Ministers is currently underway at the EAC Headquarters in Arusha.
The items on the agenda of the meeting are considerations of various reports, including those on the implementation of previous decisions of the Council; the Office of the Secretary General; sustainable financing of the community; hosting of EAC organs and institutions; and customs, trade, and monetary affairs.
Powering Africa's Digital Future: AU Ministerial Meeting set to ignite Digital Transformation in Africa
African Ministers of ICT and Communication will convene in Addis Ababa, Ethiopia on 23rd November 2023 for the 5th Ordinary Session of the African Union Specialized Technical Committee on Communication and ICT (STC-CICT), a biennial African Union ministerial meeting aiming at driving Africa’s digital agenda forward. The Ministerial Session will be preceded by the meeting of experts to be held from 20-22 November 2023.
Automotive industry holds key to drive intra-Africa trade
The automotive industry is one of four priority sectors that offer opportunities to boost intra-African trade, the African Continental Free Trade Area (AfCFTA) secretariat.
Themba Khumalo, a representative of the AfCFTA secretariat, said this during the Auto Forum held on the third day of the Intra-African Trade Fair (IATF 2023) in Cairo last week.
https://www.freightnews.co.za/article/automotive-industry-holds-key-drive-intra-africa-trade
Charge investment in Africa for the future of electric cars -AfDB call
Africa accounts for the largest source of the green metals for the development of electric vehicles, including platinum (70 percent), cobalt (52 percent), manganese (46 percent), bauxite (25 percent), and graphite (21 percent)
Rwanda to host next Africa agricultural tech conference
Rwanda will host the second edition of African Conference on Agricultural Technologies (ACAT) in its capital Kigali, in May 2025, according to the event organisers.
This was announced on November 3, as part of the communique issued at the closure the first ACAT conference held in Nairobi, Kenya.
It is organised by the African Agricultural Technology Foundation (AATF) with the support from partners.
Tinubu to flag off conference for 24 littoral African countries in Nigeria
President Bola Tinubu will be flagging off the conference for 24 littoral countries in the West and Central African sub-region on Monday at the Lagos Continental Hotel Victoria Island Lagos.
Conference on Bolstering Free Movement and Trade Nexus in Afcfta: Optimizing Benefits of Migration, Labour Migration for Development
The African Union Commission in partnership with the Ministry of Labour and Home Affairs, Botswana, will be hosting the 8th Pan African Forum on Migration Forum (PAFoM8) from the 31st October to 2nd November, 2023 at Royal Aria Conference Centre in Tlokweng. The theme for the conference is “Bolstering Free Movement and Trade Nexus in AfCFTA: Optimizing Benefits of Migration, Labour Migration for Development” and it will be focusing on migration and trade.
Logistics Convention in Nairobi, Kenya to Boost Intra-African Trade.
https://biznakenya.com/logistics-3/
Tanzania Targets 10-Fold Increase in Indian Investment by 2025
African nation expects Indian investment to jump to $3 billion
India became Tanzania’s biggest trading partner in 2022.
African Development Bank Group launches country-by-country reports on Africa's climate change, green growth financing needs ahead of COP28
Ahead of the 28th United Nations Conference on Climate Change (COP 28), the African Development Bank Group has launched country-by-country economic reports to guide African policymakers in their discussions at the global event.
Global trade falls at fastest pace since Pandemic
https://www.ft.com/content/36982601-b799-4166-9e6b-39533efbdfdf
Collaboration Barriers: African researchers, journalists unite against climate change in Tanzania
At the five-day meeting both the researchers and the journalists pledged to form a network to spread the gospel of the “need for sustainable partnership on climate issues for the sake of humanity.”
THE 4th ORDINARY SESSION OF THE AFRICAN UNION SPECIALISED TECHNICAL COMMITTEE
ON
TRANSPORT, TRANSCONTINENTAL AND INTERREGIONAL INFRASTRUCTURE, AND ENERGY (STC-TTIIE)
THEME: Accelerating Infrastructure to Deliver on Agenda 2063 Aspirations
Zanzibar, Tanzania (TBC)
12 – 15 September 2023
Africa Climate Summit (ACS) Nairobi, Kenya
AFRICA CLIMATE SUMMIT (ACS)
WHAT: Inaugural Africa Climate Summit (ACS) 2023 to be held under the theme “Driving Green Growth and Climate Finance Solutions for Africa and the World”.
WHEN: The summit will take place from 4th-6th September 2023.
WHERE: Nairobi, Republic of Kenya
Livestream of opening session on AU website: https://lnkd.in/dMGk3uYi
WHO: The inaugural Africa Climate Summit is organized by the African Union Commission in collaboration with the host government, Republic of Kenya.
https://livestream.com/accounts/2466140/events/10935537
BRICS, the bloc of five major emerging economies including Brazil, Russia, India, China, and South Africa, has announced new members on Thursday.
The bloc has announced six new members. They include;
#Argentina
#Egypt
#Ethiopia
#Iran
#Saudiarabia
#UAE
https://punchng.com/breaking-brics-announces-new-members/
Press briefing to update the Continent and the Globe on the state of preparedness for the upcoming Africa Climate Summit (ACS) set to take place 4-6 September, in Nairobi, Kenya.
The Africa Climate Summit (ACS) provides an opportunity for African Leaders to make an ‘African leaders Nairobi Declaration on Green Growth and Climate Finance Solutions, and a Call to Action’ for African Union Member States and supporting partners to champion its delivery.
Mauritius to host the 2023 Africa Facts summit.
The 2023 edition of the Africa Facts summit, to be held in the Mauritian capital of Port Louis on 5-6 October, will bring together fact-checking organisations and experts from all regions of the continent.
The Africa Facts network has grown from two organisations in 2017, when it was established, to more than 40 member organisations.
This expanded reach of the network, particularly in Arabic-speaking and Francophone countries, highlights the progress made by organisations working to counter misinformation across the continent.
The network aims to strengthen and elevate the practice of fact-checking and resilience-building on the continent.
Date & Location:
5-6 October, 2023. The Mauritian capital of Port Louis.
https://africacheck.org/fact-checks/blog/press-release-mauritius-host-2023-africa-facts-summit
Mauritius to host the 2023 Africa Facts summit.
The 2023 edition of the Africa Facts summit, to be held in the Mauritian capital of Port Louis on 5-6 October, will bring together fact-checking organisations and experts from all regions of the continent.
The Africa Facts network has grown from two organisations in 2017, when it was established, to more than 40 member organisations.
This expanded reach of the network, particularly in Arabic-speaking and Francophone countries, highlights the progress made by organisations working to counter misinformation across the continent.
The network aims to strengthen and elevate the practice of fact-checking and resilience-building on the continent.
Date & Location:
5-6 October, 2023. The Mauritian capital of Port Louis.
https://africacheck.org/fact-checks/blog/press-release-mauritius-host-2023-africa-facts-summit
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