World Customs Organization Releases Illicit Trade Report 2023
The World Customs Organization (WCO) announces the release of the Illicit Trade Report 2023, a comprehensive analysis of the current state and evolving trends
Uganda, Tanzania fresh produce volume via Mombasa on the rise
The volume of fresh produce from Tanzania and Uganda exported using reefers through the port of Mombasa, Kenya has increased to six percent, compared to last…
Ethiopia Customs sharpens its Rules of Origin skills through advanced training workshop
Under the framework of the EU-WCO Rules of Origin Africa Programme, funded by the European Union, the World Customs Organization…
Win For SMEs as African Stakeholders Rally For Financing To Drive Inclusive, Sustainable Development
The deliberation was made during a panel discussion organized by the AAMFI...
Africa-Asia Air Cargo Demand Leads Global Markets in April 2024
In an impressive development, airlines in the Africa-Asia corridor have reported a substantial surge in cargo demand, outperforming their counterparts..
97 Countries Prepare To Attend BRICS 2024 in June in Russia
A total of 97 countries have confirmed their presence in the BRICS 2024 Games in June this month. The event will be hosted by…
Five Presidents and four Prime Ministers from African and CARICOM countries to headline the AfriCaribbean Trade and Investment Forum and Afreximbank’s 2024 Annual Meetings in Nassau, The Bahamas
Abidjan-Lagos corridor: opening of the workshop to validate the results of the spatial development initiative study.
East Africa trades more with its African peers than with EU, Asia. East African Community (EAC) member states are increasingly trading with one another and with other African countries, while reduce their trade with Europe, Asia, and other parts of the world, shaping the intra-Africa trade dream projected to boost commerce and livelihoods on the continent.
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.”
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/
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