WEEKLY INFORMATION
25 NOVEMBER, 2022.
Namibia launches the AFCFTA national strategy in an effort to promote continental trade.
Windhoek, Namibia, 21 November 2022 - The Namibian Government in collaboration with the Economic Commission for Africa (ECA) and the United Nations System in Namibia officially launched Namibia’s National Strategy and Implementation Plan for the Agreement Establishing the African Continental Free Trade Area (AfCFTA) for the period 2022-2027. The Agreement provides an opportunity for Namibia to increase its intra-African exports and enhance the country’s export-led manufacturing and services capabilities.
Poultry industry jitters over extension to US anti-dumping tariffs.
The South African Poultry Association (Sapa) will have to continue to “take one for the team”, at least for the next 18 months, as the International Trade Administration Commission (Itac) conducts a sunset review of US anti-dumping tariffs, which expire tomorrow.
#VACANCIES @ AfCFTA - African Continental Free Trade Area
https://au-afcfta.org/afcfta-careers/?s=08
African Women Entrepreneurs Call for Support of Africa Free Trade.
African women entrepreneurs from 35 countries have called for more support from lenders and governments to help them benefit from the African Continental Free Trade Area. Meeting in Cameroon's capital for the U.N.-sponsored African Women Entrepreneur Forum, the women say their businesses are mostly small, informal, and suffer discrimination.
Ethiopia Begins Exporting Power To Kenya.
Ethiopia has started exporting electricity to neighboring Kenya following a week of testing of a new transmission line, Ethiopian Electric Power said.
The $500 million line has capacity to transmit 2,000 megawatts of electricity, potentially earning Ethiopia as much as $100 million annually.
https://www.busiweek.com/ethiopia-begins-exporting-power-to-kenya/
WEEKLY INFORMATION
18 NOVEMBER, 2022.
AfCFTA – The environmental case for continental Africa free trade area.
The climate talks (COP27) in Sharm El-Sheikh, Egypt this November come at a time when momentum on the African Continental Free Trade Area (AfCFTA) is picking up with the recent launch of the guided trade initiative – an initial pilot of eight African countries trading under the treaty’s preferential terms.
Kenyan traders buy Ethiopian miraa for Somalia market on high costs.
Miraa traders have shifted to Ethiopia as a source market for the stimulant, where they are buying nearly half of the allocated quota for the Somali market as high costs in Kenya force them to abandon the local crop.
The traders said they procure at least 40 percent of the 19 tonnes that the Somali market has allowed Kenyan business people to export to Mogadishu from Ethiopia, denying Kenya millions of shillings in earnings.
ILO, others seek protection of labour rights under AfCFTA.
The International Labour Organisation (ILO), Organisation of Trade Unions in West Africa (OTUWA) and International Trade Union Confederation (ITUC) have called for the protection of labour rights when the African Continental Free Trade Area Agreement (AfCFTA) takes off.
https://guardian.ng/news/ilo-others-seek-protection-of-labour-rights-under-afcfta/
Europe scrambles for African gas.
The African Union is pushing for more investment in fossil gas projects at the COP27 climate conference as European leaders seek alternatives to Russian gas imports.
Caught in an energy crisis and hungry for alternatives to Russian gas, European leaders have spent months eyeing fossil fuel projects across Africa.
https://www.dw.com/en/africa-gas-europe-cop27/a-63719525
Trade Finance in West Africa – A Study of Côte d’Ivoire, Ghana, Nigeria, and Senegal, WTO – IFC, October 2022.
Côte d’Ivoire, Ghana, Nigeria, and Senegal—the ECOWAS4—are making progress in integrating their economies internationally through trade. The number of firms participating in international markets is growing, and exporters in some countries are becoming more competitive, expanding into new products, and reaching new destinations.
WEEKLY INFORMATION
4 NOVEMBER, 2022.
Will Dispute Settlement Proceedings be a feature of the AfCFTA?.
It will be a major advance towards rules-based trade if the AfCFTA Dispute Settlement Protocol will be used by the State Parties. They do not settle disputes about trade and regional integration obligations through adjudication. The result is often lingering legal uncertainty.
How PAPSS will revolutionise free trade in Africa.
The ratification of the African Continental Free Trade Agreement (AfCFTA) in 2020 presented an opportunity to revolutionise Africa’s economy.
The primary goal is to increase intra-Africa trade by eliminating trade barriers like import and export taxes. Despite the impressive stride of the AfCFTA, barriers like border delays, high tariffs, infrastructural deficits, and the high cost of cross-border payments continue to impede regional integration.
https://guardian.ng/opinion/how-papss-will-revolutionise-free-trade-in-africa/
OHCHR recommends explicit recognition of AfCFTA on women in Africa.
As Human rights impact assessments, help identity, analyze, and monitor the impact of trade agreements on the environment and on the ability of people to enjoy human rights, the Office of the High Commissioner for Human Rights (OHCHR) recommends that the role of women in trade within the continent and their impact on the AfCFTA should be explicitly recognised.
Five things hindering businesses from seizing AfCFTA benefits.
As there have been various efforts geared towards the implementation of the African Continental Free Trade Agreement (AfCFTA), calls continue to grow for the private sector to step up and leverage the available opportunities.
Inclusion of green initiatives in #AfCFTA National Implementation Strategies of 20 African Countries.
The signing of the agreement establishing AfCFTA in #Kigali, #Rwanda, in 21st March 2018 was a key milestone for Africa’s trade Agenda.
The objective of the AfCFTA National Implementation Strategies is to bolster trade and investment with AfCFTA states, in order to support inclusive economic growth and sustainable development.
This project seeks to identify green value chain opportunities and climate change adaptation needs in selected African countries, in order to foster green export opportunities within the AfCFTA.
Kenya Prepares Its MSMEs To Harness Opportunities Under AfCFTA.
The East African nation of Kenya is one of African countries making history to export under the AfCFTA Guided Trade Initiative (GTI) which was launched on the 7th of October, 2022 by exporting Kenyan made batteries and Kenyan produced tea to Ghana in West Africa.
https://newsghana.com.gh/kenya-prepares-its-msmes-to-harness-opportunities-under-afcfta/?amp
Africa emerging as major apparel supplier; exports cross $2 bn in Q1.
Africa is emerging as a major apparel producing and supplying hub in the world. Textile manufacturing is now shifting from Asia to Africa due to cost saturation in the former continent, said experts at the Asian Sustainable Textile Summit last month. Apparel exports from Africa crossed $2 billion for the first time in the first quarter (Q1) of this year.
“Safely open Africa’s Borders,” ECA Panel at AU Policy Conference.
Tangier, 26 October 2022 (ECA): Regional integration and trade experts convened by ECA at the ongoing AU Tangier Policy Conference have concluded that trade, industrialization and infrastructure are critical to peace and security in Africa and that the freedom of movement of people within Africa will cement AfCFTA and deepen regional integration, peace and security of the continent.
WEEKLY INFORMATION
28 OCTOBER, 2022.
Kenyan truckers not ‘gravely’ affected by Ebola lockdown in Uganda.
Kenyan truckers have not been affected by the Ebola-imposed lockdown in two districts in Uganda as the outbreak of the deadly disease continues to spread in the neighbouring state.
The Kenya Transporters Association (KTA) says it is, however, keenly following the development in Kampala and the next step of action by the authorities in Uganda.
Sweet and sour future for sugar power in eSwatini.
Facing climate change problems and an ever-increasing demand for energy, almost 100% of the electricity generated in eSwatini is from hydropower and sugarcane-based biomass cogeneration.
https://mg.co.za/environment/2022-10-24-sweet-and-sour-future-for-sugar-power-in-eswatini/
EAC to decide on sanctions against countries blocking trade.
The Minister for East African Community Affairs has said EAC regional cooperation ministers will meet next month to agree on sanctions to be preferred against member states blocking intra-regional trade.
Shareholders ask FG to lift ban on import of products.
Shareholders under the aegis of Independent Shareholders Association of Nigeria, ISAN, have called on the Federal Government to lift the ban on the importation of vital products to be able to benefit from African Continental Free Trade Area (AfCFTA) agreement.
https://www.vanguardngr.com/2022/10/afcfta-shareholders-ask-fg-to-lift-ban-on-import-of-products/
ECA study reveals potential correlation between trade and peace.
Tangier, 22 October 2022 (ECA) – A new study by the UN Economic Commission for Africa (ECA) has made it clearer how trade impacts peace and propels countries towards sustainable development, arguing that trade integration in Africa could also promote humanitarian and security imperatives.
https://www.uneca.org/stories/eca-study-reveals-potential-correlation-between-trade-and-peace
Tourism thought leaders in Africa gather in Botswana to look into intra-Africa travel.
Intra-Africa travel through intra-Africa trade is expected to top the agenda when the tourism industry’s thought leaders on the continent engage in roundtable discussions in Gaborone in Botswana. This as the fifth Africa Tourism Leadership Forum (ATLF) kicks off at the Gaborone International Convention Centre of the Grand Palm Hotel on Monday until Wednesday.
‘AfCFTA can only be successful if there is seamless movement of people’.
Dr. Elasto Hilarious Mugwadi, the chairperson for the Network of African National Human Rights Institutions (NANHRI), has said that Africa Continental Free Trade Area (AfCFTA) can only be successful if there is seamless movement of people, goods and services.
WEEKLY INFORMATION
21 OCTOBER, 2022.
Gambia, Nigeria trade fair will test international market for AfCFTA participation.
Vice President Badara Joof, on Friday, stated that the 1st Nigeria-Gambia trade fair will test the international market for their products and services and reinforce the economic relations between business operators and counterpart agencies in both countries for effective and profitable participation in The African Continental Free Trade Area (AfCFTA), and global trade markets.
Lamu port off to slow start as 13 ships dock in a year.
At the time of its official commissioning in July 2021, Kenya’s second commercial port in Lamu was billed as a game-changer in tra.
Transshipment involves large vessels docking at the port and redistributing their cargo to smaller ships that serve regional ports.
It mainly happens when there is no direct connection between ports.
But so far, only 13 ships have docked at the port, with the latest one being the MV Banyas 1 ship which will transport live animals to Oman today.
Africa’s economy and Russia-Ukraine conflict.
On February 24, 2022, Russia invaded Ukraine at a time when the global economy was recovering from massive job loss, a rise in poverty, and food insecurity. The invasion disrupted the import of Russian and Ukrainian commodities. African countries have had to bear a part of this negative effect as most of them depend on Russia and Ukraine for wheat, mustard oil, and sugar imports. To prevent future exposure, there is an urgent need for African countries to develop stronger trade mechanisms to mitigate the aftershocks of conflict of this magnitude.
https://guardian.ng/opinion/afcfta-africas-economy-and-russia-ukraine-conflict/
Put in Place Institutional, Logistical Support to Reap Benefits of AfCFTA - Trade and Industry Minister Urges African Govts.
The Minister of Trade and Industry, Alan Kyerematen, has called on governments of African countries to put in place the needed institutional and logistical support frameworks to ensure that they collectively reap the full benefits from the implementation of the African Continental Free Trade Area agreement (AfCFTA).
https://allafrica.com/stories/202210100334.html
How African Trade Has Been Transformed By the Pandemic Shocks and the Ukrainian Crisis.
After overperforming in its post-pandemic recovery in 2021, Africa's economic growth will expectedly lag in 2022. IMF projects that growth will drop from 4.6% in 2021 to 3,8%. The global shocks from Russia's invasion of Ukraine Africa's economic prospects.
The high import bills and fuel prices continue to strain import-dependent countries' fiscal and external balance sheets. The strain risks the recent poverty alleviation progress. Consequently, Africa will remain the only developing economic zone and emerging market where per capita incomes will not revert to the pre-pandemic levels by 2023.
After overperforming in its post-pandemic recovery in 2021, Africa's economic growth will expectedly lag in 2022. IMF projects that growth will drop from 4.6% in 2021 to 3,8%. The global shocks from Russia's invasion of Ukraine Africa's economic prospects.
The high import bills and fuel prices continue to strain import-dependent countries' fiscal and external balance sheets. The strain risks the recent poverty alleviation progress. Consequently, Africa will remain the only developing economic zone and emerging market where per capita incomes will not revert to the pre-pandemic levels by 2023.
https://allafrica.com/stories/202210120004.html
First AfCFTA trading - Ghana tiles, Rwanda goods take lead.
Ghana has issued its first certificate of full commercial trading to a ceramic tiles production company to export its products under the African Continental Free Trade Area (AfCFTA) Guided Trade initiative.
African countries delay cross-border trading of securities to December.
African countries have delayed the cross-border trading in listed securities from October to December, Geoffrey Odundo, chief executive officer (CEO) of the Nairobi Securities Exchange (NSE)
Around the world in 9 months: DP World adds new trade routes to open global markets.
DP World added more than 23,000 nautical miles of new trade routes across the globe in the first three quarters of 2022, equivalent to a complete circumnavigation of the earth.
WEEKLY INFORMATION
21 OCTOBER, 2022.
Gambia, Nigeria trade fair will test international market for AfCFTA participation.
Vice President Badara Joof, on Friday, stated that the 1st Nigeria-Gambia trade fair will test the international market for their products and services and reinforce the economic relations between business operators and counterpart agencies in both countries for effective and profitable participation in The African Continental Free Trade Area (AfCFTA), and global trade markets.
Lamu port off to slow start as 13 ships dock in a year.
At the time of its official commissioning in July 2021, Kenya’s second commercial port in Lamu was billed as a game-changer in tra.
Transshipment involves large vessels docking at the port and redistributing their cargo to smaller ships that serve regional ports.
It mainly happens when there is no direct connection between ports.
But so far, only 13 ships have docked at the port, with the latest one being the MV Banyas 1 ship which will transport live animals to Oman today.
Africa’s economy and Russia-Ukraine conflict.
On February 24, 2022, Russia invaded Ukraine at a time when the global economy was recovering from massive job loss, a rise in poverty, and food insecurity. The invasion disrupted the import of Russian and Ukrainian commodities. African countries have had to bear a part of this negative effect as most of them depend on Russia and Ukraine for wheat, mustard oil, and sugar imports. To prevent future exposure, there is an urgent need for African countries to develop stronger trade mechanisms to mitigate the aftershocks of conflict of this magnitude.
https://guardian.ng/opinion/afcfta-africas-economy-and-russia-ukraine-conflict/
Put in Place Institutional, Logistical Support to Reap Benefits of AfCFTA - Trade and Industry Minister Urges African Govts.
The Minister of Trade and Industry, Alan Kyerematen, has called on governments of African countries to put in place the needed institutional and logistical support frameworks to ensure that they collectively reap the full benefits from the implementation of the African Continental Free Trade Area agreement (AfCFTA).
https://allafrica.com/stories/202210100334.html
How African Trade Has Been Transformed By the Pandemic Shocks and the Ukrainian Crisis.
After overperforming in its post-pandemic recovery in 2021, Africa's economic growth will expectedly lag in 2022. IMF projects that growth will drop from 4.6% in 2021 to 3,8%. The global shocks from Russia's invasion of Ukraine Africa's economic prospects.
The high import bills and fuel prices continue to strain import-dependent countries' fiscal and external balance sheets. The strain risks the recent poverty alleviation progress. Consequently, Africa will remain the only developing economic zone and emerging market where per capita incomes will not revert to the pre-pandemic levels by 2023.
After overperforming in its post-pandemic recovery in 2021, Africa's economic growth will expectedly lag in 2022. IMF projects that growth will drop from 4.6% in 2021 to 3,8%. The global shocks from Russia's invasion of Ukraine Africa's economic prospects.
The high import bills and fuel prices continue to strain import-dependent countries' fiscal and external balance sheets. The strain risks the recent poverty alleviation progress. Consequently, Africa will remain the only developing economic zone and emerging market where per capita incomes will not revert to the pre-pandemic levels by 2023.
https://allafrica.com/stories/202210120004.html
First AfCFTA trading - Ghana tiles, Rwanda goods take lead.
Ghana has issued its first certificate of full commercial trading to a ceramic tiles production company to export its products under the African Continental Free Trade Area (AfCFTA) Guided Trade initiative.
African countries delay cross-border trading of securities to December.
African countries have delayed the cross-border trading in listed securities from October to December, Geoffrey Odundo, chief executive officer (CEO) of the Nairobi Securities Exchange (NSE)
Around the world in 9 months: DP World adds new trade routes to open global markets.
DP World added more than 23,000 nautical miles of new trade routes across the globe in the first three quarters of 2022, equivalent to a complete circumnavigation of the earth.
WEEKLY INFORMATION
7 OCTOBER, 2022.
Kenya expands tea export market to West, Central Africa.
Kenya has expanded its tea export market to West and Central African trading countries as it seeks to cash in on tea demand in the region.
President William Ruto on Wednesday flagged off the first consignment to Accra, Ghana under the African Continental Free Trade Area (AfCFTA - African Continental Free Trade Area) Guided Trade Initiative.
https://www.the-star.co.ke/news/2022-10-05-kenya-expands-tea-export-market-to-west-central-africa/
Osinbajo, governors to attend Africa Trade Consortium.
The Vice President of Nigeria, Prof. Yemi Osinbajo, governors, President of World Trade Organization, will be among key participants of Africa Trade Consortium (ATC) in Abuja, Nigeria.
The Africa Trade Consortium (ATC), the first edition of an event the forum is organising will be hosted at the Sheraton Hotel, Abuja, Nigeria from October 21 – 22.
https://dailytimesng.com/osinbajo-governors-to-attend-africa-trade-consortium/
An anatomy of the impact of COVID-19 on the global and intra-commonwealth trade in goods.
The article employs gravity modeling to examine the effect of COVID-19 on global and intra-commonwealth trade. It uses bilateral monthly exports, number of COVID-19 cases and deaths and the stringency of measures. The main novelty is the use of price indices as proxies for multilateral resistance terms, which allow us to identify, supply, and demand effects of Covid-19 on bilateral trade. The incidence of COVID-19 impacts commonwealth trade flows, the effect varies with the development level.
https://onlinelibrary.wiley.com/doi/full/10.1111/roie.12637
Women Economic Assembly to bring together private sector in SA.
The theme of WECONA 2022 talks to South Africa’s economic recovery, which is at risk of becoming a futile exercise if women are deliberately excluded from participating in value chains in various sectors.
New report outlines how digital finance can drive women’s economic empowerment in Africa.
Addis Ababa, 3 October 2022 (ECA): A new report reveals persistent barriers in the digital finance sector that limit women’s economic empowerment in Africa, while recommending policy responses to overcome them.
WTO, WCO publication looks at how new technologies can assist cross-border trade.
A joint publication entitled “Study Report on Disruptive Technologies” was launched by WTO Director-General Ngozi Okonjo-Iweala and World Customs Organization (WCO) Secretary-General Kunio Mikuriya at a virtual event today (3 October). The publication reviews how so-called disruptive technologies, such as blockchain, the Internet of Things, artificial intelligence and machine learning, can help to improve the conduct of international trade and border management.
https://www.wto.org/english/news_e/news22_e/publ_03oct22_e.htm
WEEKLY INFORMATION
30 SEPTEMBER, 2022.
AfCFTA Guided Trade Initiative.
The AfCFTA Secretariat is pleased to announce the launch of the AfCFTA Guided Trade Initiative which is scheduled to kick off on the 7th of October, 2022 on the sidelines of the 10th meeting of Ministers responsible for trade. Mark your calendars and stay tuned!
https://twitter.com/afcfta/status/1575405687538073600?s=48&t=waNeqWcSO7OfcbFLNuXDMQ
Over 300 exhibitors set for 17th Abuja Int’l Trade Fair.
The Abuja Chamber of Commerce and Industry, ACCI, Wednesday, disclosed over 300 exhibitors set to participate in the 17th Abuja International Trade Fair, AITF, in the nation’s capital, Abuja.
https://www.vanguardngr.com/2022/08/over-300-exhibitors-set-for-17th-abuja-intl-trade-fair/amp/
AfCFTA moves to pull women and youth into trade with new protocol.
The African Continental Free Trade Area (AfCFTA) is building a fund and drafting a protocol to ensure participation of more women and youth in trade.
This week, AfCFTA Secretary General Wamkele Mene said the fund, created through the Afreximbank and known as the AfCFTA Adjustment Facility, will be used to cushion countries from short-term revenue losses once they lift tariff barriers for cross-border trade.
Kenya starts cashing in on Africa free trade.
Kenya has shipped its first consignment of locally made batteries to Ghana, two months after it was picked among seven countries to pilot the continental free trade area that seeks to unlock the movement of goods and services in Africa.
The Kenyan-made Exide batteries worth Sh9.24 million ($77,000) landed in Ghana last week, marking a formal start of preferential trading under the Africa Continental Free Trade Area (AfCFTA) framework.
https://www.businessdailyafrica.com/bd/economy/kenya-starts-cashing-in-on-africa-free-trade-3961556
South Sudan Hopes Planned Port in Djibouti Will Increase Market Access, Profits.
JUBA, SOUTH SUDAN —
Officials in South Sudan confirmed this month they have bought land on the coast of Djibouti to build a port. South Sudan says the port will be key for exporting the country’s crude oil, which currently goes through Sudan, as well as for importing goods, most of which come through the Kenyan port of Mombasa.
EABC Board Outlines New Business Priorities For Intra-Eac Trade Growth & Economic Resilience.
Chairperson Ms. Angelina Ngalula stated that the Board is steadfast in steering high-level policy advocacy through dialogue with the EAC Heads of State to unlock Non-Tariff Barriers, restrictions to free movement of services, double taxation, open skies, telecommunications and infrastructure development in order to boost intra-EAC trade and economic resilience amid the global crisis.
WEEKLY INFORMATION
23 SEPTEMBER, 2022.
African Development Bank launches new tools for SMEs to tap opportunities for green investment.
The African Development Bank has released a series of toolkits to assist small and medium enterprises in tapping green investment opportunities contained in countries' Nationally Determined Contributions (NDCs) under the Paris Agreement.
Uganda furious at EU for censuring oil project over rights abuse.
The Ugandan parliament has dismissed a resolution by the European Union (EU) parliament to halt the development of the country's oil sector, citing environmental concerns and human rights abuses, as economic racism.
Thomas Tayebwa, deputy Speaker of the Ugandan parliament, said the motion by the EU parliament seeks to curtail the progress of Uganda's oil and gas developments and by extension, the country's socio-economic growth and development.
S. Sudan to build harbour in Djibouti as onslaught on Mombasa port continues.
South Sudan has bought a piece of land in Djibouti for the construction of a harbour in its latest effort to find an alternative to the port of Mombasa which is facing an onslaught from Dar-es-Salaam.
South Sudan has bought three acres of land at the port of Djibouti for the construction of a facility that will handle its import and export goods as Juba seeks to cut reliance on Mombasa.
The latest development comes just two months after the Chamber of Commerce in South Sudan said it will shift its cargo to the port of Djibouti, which it termed as convenient for the Africa’s youngest State.
https://www.businessdailyafrica.com/bd/economy/sudan-to-build-harbour-in-djibouti-3953194
WEEKLY INFORMATION
16 SEPTEMBER, 2022.
Tailors, dressmakers to take advantage of AfCFTA.
The Bono East Regional Minister, Kwasi Adu-Gyan, has urged tailors and dressmakers to be creative and competitive in their fashion designs and styles to be able to penetrate the African Continental Free Trade Area (AfCFTA).
He said this on Saturday at the First Annual Bono East Regional Conference of the Ghana National Tailors and Dressmakers Association (GNTDA), at Nkoranza on the theme, “clothing Africa beyond, the role of Bono East tailors and dressmakers.”
Liberia: Vice President Howard-Taylor Addresses AfCFTA Conference; Calls for the Creation of Separate AfCFTA for Gender Issues.
Vice President Jewel Howard-Taylor has addressed the African Continental Free Trade Agreement (AfCFTA) conference on women and youth scheduled for September 12th to 14th, 2022 in Dar Es Salaam, the United Republic of Tanzania.
Speaking at the conference’s opening session, Madam Vice President called for the creation of the AfCFTA Secretariat for Gender Mainstreaming of women and youth, which will focus on the formulation of specific policies to enhance the empowerment of women and youth.
Namibia and Botswana remove a barrier to freedom of movement, abolish the use of passports.
One of the main initiatives of the African Union’s Agenda 2063, which aims to remove barriers to Africans’ freedom of movement, employment, and residence on their continent, is the free mobility of Africans within it.
Nationals of Namibia and Botswana will no longer require passports to travel between the two nations.
The neighbouring nations of Botswana and Namibia have cordial relations and collaborate on economic growth.
https://theexchange.africa/countries/namibia-botswana-abolish-passports/
The @ATPC2 media training on @AfCFTA was designed to cover all corners of #Africa and in various languages, says @ECA_OFFICIAL's @Yadeyemi at end of 3-day workshop for French-speaking African journalists #AfCFTA #training #media
https://lnkd.in/dwBQrU2P
Why harmonised logistics will spur intra-Africa trade.
Regional trade across the globe is a complex interaction between people, companies and organisations. Supply chains traverse countries and regions. Trade has become an everyday business, and its performance largely depends on connectivity by roads, rail and sea, telecommunications, financial markets and information processing.
Despite such knowledge of what facilitates trade, Africa’s regional trade potential remains under-exploited. The World Bank notes that trade between countries on the continent represents 12 percent of the total economic activity compared to 40 percent in Asia and 60 per cent in Europe.
Malawi’s intra-Africa trade rises to 32%, boosted by AfCFTA — Brookings study.
Trade exchange between Malawi and other countries in the African region has improved over the years, with statistics showing that Malawi now accounts for 32% of intra-Africa trade
A recent study published by Brookings Institution Africa Growth Initiative indicates that at 32%, Malawi ranks on position seven out of 13 countries that have improved performance, with Eswatini, formerly Swaziland, claiming 85% share of intra-Africa trade. This means that opportunities for Malawians to generate revenues through trade have improved over time, countering a previous narrative and data that the country’s intra-Africa trade is low.
State banks on Africa free trade area to grow country's exports.
The government has renewed efforts to expand trade across the continent through the five-year National Africa Continental Free Trade Agreement (AfCFTA) Implementation Strategy (2022-27). A Ministry of Trade policy brief released in August this year noted that the AfCFTA is a game changer and a key engine of economic growth and industrialisation for sustainable development.
Maiden conference for women and youth in trade on #AfCFTA soon.
The Secretary General of the African Free Continental Trade Area (AfCFTA), H.E. Wamkele Mene, will be holding a historic Conference in Tanzania from September 12 – 14, 2022 to demonstrate their commitment to the inclusion of Women and Youth in the AfCFTA.
The conference, slated for the Julius Nyerere International Convention Center in Dar es Salaam will be under the theme “Women and Youth: The Engine of AfCFTA Trade in Africa”.
https://newsghana.com.gh/maiden-conference-for-women-and-youth-in-trade-on-afcfta-soon/?amp
African countries need regional integration to manage external shocks.
African countries have to work actively together to drive regional integration and minimize the adverse impact of external shocks like the Russia-Ukraine war, Peter Olowononi, head, of client relations, Anglophone West Africa at the African Export-Import bank has said.
WEEKLY INFORMATION
9 SEPTEMBER, 2022.
EAC Secretariat reaffirms commitment to infrastructure developemnt to boost intra-regional trade.
The East African Community (EAC) Deputy Secretary General in charge of Planning and Infrastructure, Eng. Steven Mlote, has reaffirmed the commitment of the EAC Secretariat to infrastructure development aimed at boosting intra-regional trade and free movement of persons across the Community’s seven (7) Partner States.
Tighten tax on international trade – Government advised.
The Executive Secretary of the African Tax Administration Forum, Logan Wort, is pressing on African governments to tighten tax on international trade and increase investments in digital tax collection systems.
According to him, this has become necessary due to the gradual shift in the use of technology over the years, which is partly attributed to the Covid-19 pandemic.
https://www.myjoyonline.com/tighten-tax-on-international-trade-government-advised/
1,500 Delegates to Participate in Maiden AfriCaribbean Trade and Investment Forum.
Over 1,500 delegates from 93 countries have registered to participate in the first-ever AfriCaribbean Trade and Investment Forum, ACTIF2022.
It will held at the Lloyd Erskine Sandiford Centre in Bridgetown, Barbados, from September 1 to 3, 2022.
Barbados' Prime Minister. Mia Amor Mottley; President Chandrikapersad Santokhi of Suriname, Chairman of CARICOM; and Amadou Hott, Minister of Economy, Planning and International Cooperation, Republic of Senegal are expected to address the forum.
https://allafrica.com/stories/202209010454.html
Boosting Intra-African Trade Will Power Post-Covid-19 Recovery and Foster Food Security.
The COVID-19 pandemic is disrupting Africa's development trajectory. It is exacting a substantial socio-economic toll and putting the survival of half of the continent's micro, small and medium-sized enterprises (MSMEs) at risk. Four in five African businesses are witnessing a dramatic reduction in sales.
WEEKLY INFORMATION
2 SEPTEMBER, 2022.
Anatogu: Nigeria Set to Begin Trade Under AfCFTA.
The Secretary, National Action Committee on the African Continental Free Trade Agreement (AfCFTA), Mr. Francis Anatogu, announced that all was set for Nigeria to begin trading activities under the AfCFTA.
Anatogu stated this at the Lagos Chamber of Commerce and Industry’s (LCCI’s) Export Group Symposium in Lagos.
There had been concerns that since one year after the implementation of the trade pact which came into force on January 1 last year, Nigeria was yet to make the trade agreement operational due to structural challenges, the Covid-19 and lack of consensus on trade protocols.
https://www.thisdaylive.com/index.php/2022/08/31/anatogu-nigeria-set-to-begin-trade-under-afcfta/
Ghana Launches AfCFTA Hub... to Facilitate Digital Trading, Electronic Commerce.
Ghana launched the African Continental Free Trade Area (AfCFTA) Hub, to facilitate digital trading and electronic commerce.
It would also enhance marketplace transactions to accelerate the implementation of AfCFTA and maximise the corresponding benefits.
The hub also seeks to digitise collaboration among key national and regional actors and provides an AfCFTA Number, a unique code for Small and Medium Scale Enterprises (SMEs) startups and other economic actors that would engage in trading under the AfCFTA.
https://allafrica.com/stories/202208300203.html
AfCFTA: Nigeria lacking mandatory trade requirements, as Ghana, Egypt, others set to begin trading.
Despite being among the last African countries to ratify the trade agreement for African economic integration, Nigeria is yet to meet or complete the mandatory trading requirements for the actual take-off and trading on the African Continental Free Trade Agreement (AfCFTA) platform.
Time to tone down hyperbole over AfCFTA?.
The 21st century has often been described as ‘Africa’s century’ and the ‘world’s hottest new frontier market’. With this optimistic vision in mind, the AU designated 7 July each year as Africa Integration Day (AID), to evaluate the progress the continent has made towards meeting its Agenda 2063 goals and deliver the ‘Africa we want’.
https://african.business/2022/08/finance-services/time-to-tone-down-hyperbole-over-afcfta/
The new EU rules for citrus imports from South Africa: Background, applicable legal texts and processes, and the dispute declared by South Africa under the rules of the World Trade Organisation (WTO).
Citrus fruits are one of the most important export products for the South African economy. The South African Citrus Growers Association (CGA) estimates that the country exported 158.7 million cartons of oranges in 2021, making it the biggest revenue earner in Africa from orange exports. The European Union (EU) is one of the main destination markets for South African citrus fruits, making up 40% of South African orange exports and 27% of its soft citrus exports.
AfCFTA Tours Local Companies.
African Continental Free Trade Area (AfCFTA) Secretariat begins familiarization tour of local companies ahead of continental guided trade.
The AfCFTA Secretariat has commenced preparations towards the AfCFTA Guided Trade Initiative, slated for September 26, 2022, with a familiarisation visit to three companies in the Western Region.
https://allafrica.com/stories/202208240478.html
Trade-Wars-Farmers-in-Namibia-Botswana-Rejoice.
While South African farmers are pleading for intervention on import bans by #Namibia and #Bostwana, farmers across the two borders tell Food For Mzansi why it's excellent news for producers in the neighbouring countries...
https://www.foodformzansi.co.za/trade-wars-farmers-in-namibia-botswana-rejoice/
Ghana to Host Pan-African Agritech Innovation Hub in Accra.
Addressing the gathering during TimXAccra event held in Accra on Friday, the UNDP Resident Representative to Ghana, Dr Angela Lusigi said the initiative would enable the youth in Ghana and across Africa to become world-class entrepreneurs, innovators, and problem solvers.
She said agriculture remained a key driver of Ghana's economy, which contributed to export earnings, served as major source of inputs for the manufacturing sector and employed over 50 per cent of Ghana's population.
According to her, despite the sector's importance, productivity remained low and it was estimated that, only 50 per cent of the country's 13.5 million hectares of land was currently under cultivation.
https://allafrica.com/stories/202208240206.html
Trial sale of commodities through AfCFTA begins.
#Tanzania, #Kenya and #Rwanda will trial sale livestock, fruits, vegetables and spices in a pilot phase of the Africa Continental Free Trade Area agreement (AfCTA) and whose findings will be tabled at the AU Summit next year.
The regions’ team leader in the AfCFTA negotiations Damas Haule says the countries’ offer also includes fish, medicines, fertiliser, paper and industrial chemicals. Energy products such as cooking gas, bicycle and motorcycle tyres, and machinery for construction and farming have also been included.
WEEKLY INFORMATION
26 AUGUST, 2022.
Trial sale of commodities through AfCFTA begins.
#Tanzania, #Kenya and #Rwanda will trial sale livestock, fruits, vegetables and spices in a pilot phase of the Africa Continental Free Trade Area agreement (AfCTA) and whose findings will be tabled at the AU Summit next year.
The regions’ team leader in the AfCFTA negotiations Damas Haule says the countries’ offer also includes fish, medicines, fertiliser, paper and industrial chemicals. Energy products such as cooking gas, bicycle and motorcycle tyres, and machinery for construction and farming have also been included.
The African Development Bank (AfDB).
2022 Virtual Internship Program – Session II.
The Bank is running two (2) internship sessions during the year 2022. Selection for session 1 of the 2022 internship program has been finalised and the interns are already on board. This announcement therefore is for session 2 which will run from august 2022 through December 2022.
https://www.afdb.org/en/vacancy/2022-virtual-internship-program-session-ii-54210
Effort to export to other African countries: Govt outlines plans for local businesses… as President launches National AfCFTA policy, framework, Action Plan.
President Nana Addo Dankwa Akufo-Addo yesterday launched the national African Continental Free Trade Area (AfCFTA) Policy Framework and Action Plan with a charge on the Ministry of Trade and Industry to expedite and effectively implement programmes aimed at boosting Ghana’s export to other African countries.
According to him, successful implementation of the programmes under the framework would empower local businesses to engage in exports which would ultimately boost local economic activity, growth, jobs and earnings.
Ghana Launches National AfCFTA Policy Framework and Action Plan.
Ghana government has outlined interventions geared towards the harmonisation of existing laws, programmes, policies, and regulations to boost Ghana’s trade with Africa under the African Continental Free Trade Agreement (AfCFTA).
The interventions were highlighted in a National AfCFTA Policy Framework and Action Plan that provided policy prescription and strategic objectives with focus on trade facilitation, trade policy, infrastructure, enhancing productive capacity, trade information, market integration and finance.
Why SADC leaders slammed proposed US law to punish African countries for trading with Russia.
SADC leaders said that the new US law seeking to punish states that back certain Russian actions could have implications for African countries.
South African Department of International Relations and Co-Operation’s Naledi Pandor, accused some European countries of “patronizing bullying” regarding Africa's position toward the war in Ukraine, and said the Countering Malign Russian Activities in Africa Act passed by the U.S. House of Representatives is "a most unfortunate bill.
Security, trade high on the agenda as SADC leaders meet in Kinshasa.
Leaders of Southern African nations are meeting in Kinshasa for their 42nd summit. The leaders are expected to review the progress made towards achieving closer integration and deepening regional trade.
The summit will be held under the theme "Promoting Industrialization through Agro-Industry, Mineral Resource Enrichment and Regional Value Chains for Inclusive and Resilient Economic Growth.
Namibia Launches AfCFTA Awareness Campaign.
The stakeholders are undertaking a series of awareness campaigns across the country, to ensure Namibia is on par with other African countries and is ready to fully benefit from the AfCFTA trade opportunities, which can greatly impact Namibian businesses.
https://allafrica.com/stories/202208190476.html
WEEKLY INFORMATION
19 AUGUST, 2022.
Survey announcement: Formulation of the African Development Bank Group’s new Ten-Year Strategy.
The African Development Bank Group has launched preparations for a new Ten-Year Strategy (TYS 2023-2032), which will supersede its current TYS (2013-2022). The next TYS is expected to provide a vision for how the Bank plans to build on its significant achievements over the last decade to accelerate Africa’s inclusive, green and resilient growth and development.
UK unveils tariff-free trade scheme with Nigeria.
Nigerians are set to benefit from a new trading scheme in the United Kingdom that will cut price tariffs on hundreds of everyday products exported into the country from 2023.
The Uk’s International Trade Secretary Anne-Marie Trevelyan, announced this on Tuesday at the official launch of the Developing Countries Trading Scheme in Abuja.
https://punchng.com/uk-unveils-tariff-free-trade-scheme-with-nigeria/
Africa first Roundtable on Climate Initiatives ahead COP 27 begins in Addis Ababa.
The UN Under-Secretary-General and Executive Secretary of the Economic Commission for Africa (ECA), Vera Songwe alongside African finance and trade ministers are amongst the stakeholders taking part in the forum.
Ministers discussed the African Trade Exchange Platform highlighting the need for fertilizers across Africa, especially since the continent has been heavily impacted by COVID, the Ukraine conflict & rising food prices.
Ethiopia’s First Free Trade Zone inaugurated.
Prime Minister Abiy Ahmed (PhD.) and senior government officials attended the inauguration ceremony of the Free Trade Zone (FTZ) at Dire Dawa City – located 445 km East of Addis Ababa.
The launch comes a day after the PM Abiy administration adopted a Special Economic Zone Policy that authorities say would pave the way for the establishment of similar projects across the nation.
https://ethiopianmonitor.com/2022/08/14/ethiopias-first-free-trade-zone-inaugurated/
What African Leaders can do to End Recurrent Food Crises.
The cost of food has gone up significantly since the beginning of the year, leaving many people in developing countries not just hungrier, but also poorer.
High energy prices, a pandemic, and the war in Ukraine, which has made it harder for countries to import grains, have combined to create a food crisis on a huge scale.
In many countries, the failure of seasonal rains has also meant that there's less food to eat or sell.
Smuggling: Customs to deploy drones, body cameras, others to borders.
The Nigeria Customs Service (NCS), says plans are ongoing to deploy drones and other technologically advanced facilities to the country’s borders in its bid to curb smuggling.
The Public Relations Officer of Customs, Deputy Comptroller Timi Bomodi, told the News Agency of Nigeria (NAN) in Abuja that technology would help tackle the menace.
https://guardian.ng/news/smuggling-customs-to-deploy-drones-body-cameras-others-to-borders/
CIBN hosts African bankers, financial experts in Abuja.
The Chartered Institute of Bankers of Nigeria (CIBN), through a Consultative Committee, chaired by the Managing Director/Chief Executive Officer, Sterling Bank Plc, Abubakar Suleiman, is set to host the largest gathering of banking and finance professionals in Africa this will be at its 15th yearly Banking and Finance Conference scheduled for September 13 – 14, 2022 in Abuja.
https://guardian.ng/business-services/cibn-hosts-african-bankers-financial-experts-in-abuja/
WEEKLY INFORMATION
11 AUGUST, 2022.
ECOWAS Speaker suspends staff recruitment, sets up investigative panel.
Dr Sidie Tunis, Speaker of the Parliament of the Economic Community of West African States (ECOWAS), has directed the immediate suspension of staff recruitment.
He has subsequently set up a panel to investigate alleged malpractices in the recruitment process.
https://guardian.ng/news/ecowas-speaker-suspends-staff-recruitment-sets-up-investigative-panel/
African infrastructure developers to benefit from multi-billion-dollar G7 boost.
Africa’s enormous economic potential in the post-pandemic economy is being recognised by world powers, as evidenced by the recent unveiling of the ambitious Partnership for Global Infrastructure and Investment (PGII) at the 48th G7 Summit held in Germany.
Effort to Export to Other African Countries - Govt Outlines Plans for Local Businesses... As President Launches National AfCFTA Policy, Framework, Action Plan.
President Nana Addo Dankwa Akufo-Addo yesterday launched the national African Continental Free Trade Area (AfCFTA) Policy Framework and Action Plan with a charge on the Ministry of Trade and Industry to expedite and effectively implement programmes aimed at boosting Ghana's export to other African countries.
https://allafrica.com/stories/202208040207.html
WEEKLY INFORMATION
5 AUGUST, 2022.
Effort to Export to Other African Countries - Govt Outlines Plans for Local Businesses... As President Launches National AfCFTA Policy, Framework, Action Plan.
President Nana Addo Dankwa Akufo-Addo yesterday launched the national African Continental Free Trade Area (AfCFTA) Policy Framework and Action Plan with a charge on the Ministry of Trade and Industry to expedite and effectively implement programmes aimed at boosting Ghana's export to other African countries.
https://allafrica.com/stories/202208040207.html
UNCTAD expects #AfCFTA to cut Africa’s trade deficit by 51%.
The implementation of the African Continental Free Trade Area (AfCFTA) is expected to cut Africa’s trade deficit by 51 percent in the nearest future, according to the United Nations Conference on Trade and Development (#UNCTAD).
UNCTAD, which stated in its latest report tagged ‘Review of Maritime Transport 2021,’ AfCFTA has important implications for maritime transport and trade, said that the implementation of AfCFTA is also expected to boost intra-African trade by about 33 percent.
SME tax reforms gathering pace: Nyoni.
Small and medium enterprises have been imploring government to put in place a simplified tax regime for the sector in order to promote compliance with national tax regulations and requirements.
Generally, simplified tax systems for micro and small enterprises in developing countries are meant to facilitate voluntary tax compliance and remove obstacles in moving towards business formalisation and growth.
AfCFTA: South Africa advocates stronger ties with Nigeria.
South African High Commissioner to Nigeria, Thami Mseleku, has called for stronger collaboration between Nigeria and his country for effective implementation of the African Continental Free Trade Area (AfCFTA) agreement to accelerate continent development.
Mseleku made the call in Abuja at the grand finale of a stage play titled “Philomena’’ produced by Monalisa Chinda, Bimbo Mannuel, Zack Ineydo and Rekiya Ibrahim-Atta to advocate the course of girl child in Africa.
The envoy said that Nigeria and South Africa, the two leading African economies, had deeper collaboration but the relations could be made stronger through the implementation of AfCFTA.
WEEKLY INFORMATION
29 JULY, 2022.
USTDA and AIF showcase Women as investment champions.
The U.S. Trade and Development Agency (USTDA) and African Development Bank’s Africa Investment Forum (AIF) co-hosted a forum of 40 women leaders who are delivering high-quality solutions for Africa’s infrastructure needs. The forum took place during last week’s U.S.-Africa Business Summit, in Marrakech, Morocco.
During the forum, USTDA and AIF showcased how their existing partnership advances women-led sustainable infrastructure in Africa. The closed-door gathering brought together women leaders from Africa’s private sector, the U.S. government, and international development finance agencies. It also supported the U.S. government’s Prosper Africa initiative to increase trade and investment between African nations and the United States.
https://africabusinesscommunities.com/news/ustda-and-aif-showcase-women-as-investment-champions/
ANOCA sign partnership to help growth of Canoe Sports in Africa.
The International Canoe Federation and the Association of National Olympic Committees of Africa (ANOCA) have signed an agreement on Thursday which will pave the way for future development of canoeing on the continent.
ANOCA President Mustapha Berraf and ICF President Thomas Konietzko signed a memorandum of understanding in the Algerian capital of Algiers to work together to make canoe and paracanoe sports more accessible to participants throughout Africa.
https://africabusinesscommunities.com/news/anoca-sign-partnership-to-help-growth-of-canoe-sports-in-africa/
Kenya among 7 countries picked to pilot free continental trade.
Kenya is among seven countries selected to pilot the continental free trade area that seeks to unlock the movement of goods and services in Africa.
The country has been picked among six other nations to start trading under the African Continental Free Trade Area (AfCFTA) framework that will see these States conduct business without being subjected to tariff barriers.
AfCFTA’ll increase wealth creation among Nigerians, says Buhari’s aide.
Senior Special Assistant (SSA) to the President on Public Sector Matters and Secretary of the National Action Committee (NAC) on African Continental Free Trade Agreement (#AfCFTA), Francis Anatogu, said the inter-African trade policy would reduce poverty in Nigeria and boost the wealth-creating capacity of the citizens when it fully takes off...
Rising Cost of Living Affecting Multiple Nations Across Africa.
Billions of people are facing the greatest cost of living crisis in a generation due to rising food and energy prices amid rapid inflation and increasing debt, leaving the most vulnerable consumers in a dire situation, said the #UN trade and development body
https://allafrica.com/view/group/main/main/id/00082826.html
Biden to host African leaders for December summit - White House.
The U.S.-Africa leaders summit will be held from December 13 to December 15, President Joe Biden announced Wednesday. He described the U.S. commitment to Africa as "enduring."
"I look forward to hosting leaders from across the African continent in Washington", a statement read.
https://www.africanews.com/2022/07/20/biden-to-host-african-leaders-for-december-summit-white-house/
WEEKLY INFORMATION
22 JULY, 2022.
African Union Unveils Digital AfCFTA & Vaccination Platforms at 2022 “Boma”.
The Deputy Chairperson of the African Union, H.E. Monique Nsanzabaganwa, opened the Boma of Africa event on 8th July 2022 to crown the activities marking this year’s Africa Integration Day. The theme of the Boma this year was, aptly, “Taking Stock of the African Century”, reflecting increasing interest in the belief that Africa’s rise in the 21st century as envisaged under Agenda 2063 will be globally definitive. The 2022 Boma was convened jointly by the African Union and AfroChampions.
Rising security concerns compounding Nigeria’s economic woes, says NACCIMA.
With a decline in investment inflow and domestic food production challenges aggravated by rising security concerns, the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has asked the Federal Government to address insecurity issues for the economy to thrive.
Miraa traders to get Somalia export permits from Friday.
The regulator will start issuing export licences to miraa traders today (Friday) under the new regulations as Kenya moves closer to re-entering the Somali market after a three-year hiatus.
An official from Miraa Pyrethrum and other Industrial Crops said they have received at least 20 applications from interested exporters and have started processing them.
Kenya disowns port deal promises made to Dubai.
Kenya has disowned promises of a July tender made to Dubai Port (DP) World that would have allowed the UAE-based firm to offer a bid for development, operation and management of the country’s four ports.
DP World said the Kenyan government had promised to issue a request for a commercial proposal for the port deals before the August 9 General Election.
Egypt approves establishment of Suez Canal Authority Fund.
The Egyptian Cabinet approved Wednesday a draft law amending some provisions of Law No. 30 of 1975 regarding the Suez Canal Authority, where a number of articles were added to the law.
https://www.egypttoday.com/Article/3/117773/Egypt-approves-establishment-of-Suez-Canal-Authority-Fund
African Development Fund approves $11 million grant to the African Continental Free Trade Area Secretariat.
The Board of Directors of the African Development Fund approved an $11.02 million support package to the Permanent Secretariat of the African Continental Free Trade Area (AfCFTA) to help it enhance effective implementation.
Zenith Bank holds 7th non-oil export seminar.
The seventh edition of the annual of the Zenith Bank Plc International Trade Seminar will be held on Wednesday, July 20, 2022, at the Civic Centre, Victoria Island, Lagos, and virtually.
The seminar, themed ‘Unlocking Opportunities in Nigeria’s Non-Oil Export Business’, is part of Zenith Bank’s efforts to support the Central Bank of Nigeria (CBN) initiatives to grow the country’s non-oil export sector.
https://guardian.ng/business-services/zenith-bank-holds-7th-non-oil-export-seminar/
ECOWAS English-Speaking Journalists Sign Communiqué On Trade Advocacy.
Lagos — Twenty-five selected Journalists from #Liberia, #SierraLeone, the #Gambia, #Ghana and #Nigeria have committed to engaging into a vigorous media advocacy for the full implementation of ECOWAS Trade Liberalization Scheme (ETLS) by their respective Countries.
https://allafrica.com/stories/202207130341.html
Equity Group, AfCFTA Secretariat join forces to boost trade in Africa.
Equity Group Holdings PLC has signed a Memorandum of Understanding with AfCFTA Secretariat on the side-lines of the on-going 41st Ordinary Session of the Executive Council of the African Union in Lusaka Zambia.
https://www.cnbcafrica.com/media/6309570283112/
Validation of Regional IGAD Strategy for Resilient and Sustainable Livestock to Effects of Climate Change.
IGAD Centre for Pastoral Areas and Livestock Development (ICPALD) in partnership with the World Bank Group developed IGAD regional strategy to build resilient and sustainable livestock to effects of climate change in the region that was validated on 5-6th July, 2022 in Addis Ababa, Ethiopia. Hon. Dr. Fikru Regassa, State Minister of the Ministry of Agriculture, Federal Democratic Republic of Ethiopia officially opened the two day meeting. It was attended by thirty-eight (38) participant two (2) of whom were female, accounting for 5%, while males were thirty-six (36) accounting for 95%. The meeting made the following recommendations......kindly click on the link below for the Recommendations.
https://icpald.org/validation-strategy-pcsl/
Stakeholders hold expo to prepare Nigerian engineers for AfCFTA.
On the incessant building collapses across the country, he noted that his group was worried about the situation.
“We are worried about building collapses and engineering failures. There are many causes of building collapse, but they are mostly human factors, President of the Nigerian Society of Engineers, Mr Tasui Sa’ad Gidari-Wudil, noted.
https://punchng.com/stakeholders-hold-expo-to-prepare-nigerian-engineers-for-afcfta/?amp
WEEKLY INFORMATION
8 JULY, 2022.
IGAD Bloc Seeks Support to Feed Millions Amid Severe Drought.
The humanitarian situation that has made more than 23 million people in Ethiopia, Kenya and Somalia food insecure took center stage at IGAD's 39th head of state and government meeting. Kenyan President Uhuru Kenyatta said the countries in the region need to combat the drought situation.
https://allafrica.com/stories/202207060374.html
Regional Peace, Hunger Tops Agenda at IGAD Kenya 2022.
The IGAD meeting hosted by Kenya this year saw that country's President Uhuru Kenyatta call on IGAD heads of state to work together towards sustainable solutions to challenges that pose a threat to regional peace and security.
The theme of the IGAD meeting this year is focusing on peace, drought in the Horn of Africa, climate change and other priorities.
https://allafrica.com/view/group/main/main/id/00082720.html
Ethiopia’s First Free Trade Zone to be Opened in Dire Dawa.
Dire Dawa is selected to host the free trade zone due to its proximity to ports, market potential, and huge cargo gravity as well as suitability for multimodal transport and logistics operation, officials say.
This free trade zone will have a significant role in boosting the entire economy of #Ethiopia and reducing inflation, said Dagmawit Moges, Minister of Transport and Logistics.
https://ethiopianmonitor.com/2022/07/05/ethiopias-first-free-trade-zone-to-be-opened-in-dire-dawa/
Kenya Surpasses South Africa as Continent's Top Avocado Exporter.
Nairobi — Kenya has overtaken South Africa to become Africa's top exporter of avocados. In Central Kenya, where the majority of the country's small-scale avocado farmers are found, coffee bushes are fast being replaced by avocado trees amid global demand and higher earnings.
https://allafrica.com/stories/202207060035.html
Take Advantage of #AfCFTA to Build Partnerships - Businesses Urged.
The Chief Executive Officer of Agricultural-based company, Abanga Farms & Food Systems Limited, has charged Ghanaian businesses to take advantage of the Africa Continental Free Trade Agreement (AfCFTA) to build partnerships with businesses in other African countries to grow the African economy.
https://allafrica.com/stories/202207050499.html
Request for Proposal Submission.
AfICTA – Africa Information and Communication Technologies Alliance is desirous to license the hosting of its annual Summits to its members in good standing as part of its strategic implementation plan for the realization of its vision and mission.
This Request for Proposal covering 2021 till 2024 is therefore the instrument for members to express their willingness, capacity and capability to host this important Summit.
Uganda enters cash-light phase on road to cash-less economy.
Uganda has experienced a significant increase in the use of internet and mobile device-based banking, as well as in debit and credit card usage, as the country steadily advances towards a cashless economy.
The country now has 2.9 million active debit cards, according to the Bank of Uganda Deputy Governor Michael Atingi-Ego.
https://itweb.africa/content/xnklOvz1EG1q4Ymz
First vessel berths at #Lekki deep seaport.
Three Ship-to-Shore cranes and 10 Rubber-Tyred Gantries critical to the commencement of operations of the Lekki Deep Seaport arrived in Nigeria on Friday, the News Agency of Nigeria (NAN) reports.
Their arrival, according to Mr Mohammed Bello-Koko, Managing Director of the Nigerian Ports Authority(NPA), represents a major step toward birthing Nigeria’s first Deep Seaport.
https://guardian.ng/news/first-vessel-berths-at-lekki-deep-seaport/
WEEKLY INFORMATION
1 JULY, 2022.
Rights Groups Call for Probe into Deadly Morocco Border Crossing.
A rights group has accused Morocco's security forces of using "unjustified" violence against migrants trying to force their way through a border fence between the North African country and the Spanish enclave of Melilla. Deutsche Welle reports that around 2,000 people attempted to storm the border fence on Friday June 24, 2022. They were stopped by security forces on either side of the barrier. https://allafrica.com/view/group/main/main/id/00082582.html
Growing Resilient MSMEs in Africa for a Sustainable Future'.
On this World Micro, Small and Medium-sized Enterprises (#MSMEs) day we recognize that the world cannot achieve the 2030 Agenda for Sustainable Development without resilient MSMEs. MSMEs are "today's bush and tomorrow's forest" (Zambian proverb). Globally, MSMEs make up over 90 percent of all firms, employ more than 70 percent of the population and contribute about 50 percent of #GDP according to the International Council for Small Businesses (ICSB).This trend is mirrored in Ghana where #MSMEs account for almost 70 percent of the GDP. By providing goods and services, jobs, livelihoods and government revenue, #SMEs help to eradicate poverty and contribute to the achievement of all the Sustainable Development Goals (SDGs).
https://allafrica.com/stories/202206290266.html
Sanwo-Olu tasks #MSMEs on #digitalisation to harness #AfCFTA benefits.
Governor of Lagos, Mr Babajide Sanwo-Olu, has tasked operators of the Micro, Small and Medium Enterprises (MSMEs) to embrace digitalisation to maximise the advantages of the already implemented African Continental Free Trade Area (#AFCFTA).
https://guardian.ng/news/sanwo-olu-tasks-msmes-on-digitalisation-to-harness-afcfta-benefits/
Experts emphasize private sector’s role in unlocking #AfCFTA benefits.
The fundamental role of the private sector in accelerating the implementation of the African Continental Free Trade Area (AfCFTA) was highlighted at a high-level event jointly organized by the Economic Commission for Africa (ECA) and the Konrad Adenauer Stiftung (KAS) Office Ethiopia/AU. https://guardian.ng/business-services/experts-emphasize-private-sectors-role-in-unlocking-afcfta-benefits/
How Nigeria's Petrol Crisis Inspired Locally Produced Electric Bicycles #AfricaClimateCrisis While electric vehicles could help to make the transition away from fossil fuels much faster, the changes needed to reduce emissions and avoid some of the absolute worst effects of the climate emergency require changes that are more far reaching. https://allafrica.com/view/group/main/main/id/00082538.html
#AfDB seeks $200m from G7 for Africa’s food intervention.
The African Development Bank (AfDB) is seeking $200 million from Germany and other members of G-7 countries to “urgently” address food crisis in the continent.
https://guardian.ng/news/afdb-seeks-200m-from-g7-for-africas-food-intervention/
Tanzania hits traders with nearly double export fees.
Tanzania has doubled the cost of export permits by 93 percent, a move likely to open another round of trade dispute between Nairobi and Dar es Salaam. The authorities in Tanzania have increased the cost of acquiring export permits from the previous Sh27,000 per truck to Sh52,000, according to border officials.