With the headquarters situated in Accra, the capital city of the Republic of Ghana, the Secretariat of the African Continental Free Trade Area (AfCFTA) is now attracting a special business focus for both African countries and foreign countries. For foreign countries, it is an opportune time to strengthen bilateral economic cooperation and install joint manufacturing clusters inside Africa. Some African countries are focusing on combining resources to step up production and distribution of high-quality commodities, as under the designed regulations goods and products can circulated across borders without taxes – one of the conditions under the newly established African Continental Free Trade Area (AfCFTA). In that direction, Ghana has witnessed unprecedented number of high-powered foreign visitors. Early August, it hosted a huge business forum during the three-day official visit of President João Manuel Gonçalves Lourenço of Angola. That oil-rich country is located on the west coast of Southern Africa. It is the second-largest Portuguese-speaking country in both total area and population (behind Brazil), and is the seventh-largest country in Africa. According to official documents, President João Lourenço visited at the invitation of President Nana Addo Dankwa Akufo-Addo. It was a reciprocal visit for President Lourenço, as in August 2019, he first invited President Akufo-Addo. During their meeting at the Jubilee House, the seat of the presidency, both leaders expressed the highest desire to strengthen and deepen their bilateral ties between both countries. The agreement signed allows for a consultative mechanism for Ghana and Angola to interact regularly on areas of...

In 2015, the United Nations embraced a global call to action to protect the environment with a robust framework for global sustainable development. This motion birthed the Sustainable Development Goals (SDGs), a collection of 17 interwoven global goals carefully designed to balance social, economic, and environmentally sustainable development across the world by 2030. The SDGs or Global goals were developed as a Post-2015 Development Agenda to improve the activities carried out in Millennium Development Goals, which ended in 2015. The global indicator framework for Sustainable Development Goals was developed by the Inter-Agency and Expert Group on SDG Indicators (IAEG-SDGs) and agreed upon at the 48th session of the United Nations Statistical Commission held in March 2017. On July 6, 2017, the SDGs were made more actionable by a UN Resolution adopted by the General Assembly. The resolution identifies each goal and indicators that are used to measure progress toward each target. The timeline for each target is usually between 2020- 2030, while other targets are to continue in perpetuity. SDG 2 – Zero Hunger SDG 2 aims to end hunger, increase food security, end malnutrition, and promote sustainable agriculture. This requires sustainable food production systems and resilient agricultural practices, land use mapping, disaster management, and international cooperation on investments in infrastructure and technology to boost agricultural productivity. The UN has since developed 14 indicators and eight targets to measure the progress of SDG 2, and these targets are then divided into the outcome targets and the methods of achieving the targets....

While several senior positions within global business and government continue to follow patriarchal lines, online trading is for everyone, and more women are continuing to change the status quo of the previously male-dominated industry. Female participation in online trading is steadily increasing, and according to INFINOX’s insights, Quarter 2 of 2021 recorded a 291% increase compared to the same quarter a year prior. Notably, younger female clients are also getting involved in trading, with 71% of them under the age of 40, and 39% under 30. This can be attributed to the impact of technology on the industry and the rise of social trading apps such as INFINOX’s IX Social platform. The social element of the platform has provided women with the opportunity to interact with other traders, bringing them together and allowing them to share trading experiences in a relaxed environment. It allows traders to discuss ideas and trades, and in an industry that is overloaded with information, being able to dissect the right information is crucial for the decision making process. The pivotal point of the platform is that it allows traders to access financial markets from anywhere and at any time across the world from the comfort of their mobile devices. Research by the University of Tilburg, Netherlands, suggests that women are more risk-averse than their male counterparts, a good trait to have in the world of trading. It is also thought that men are more likely to hold on to a losing trade, while women tend...

AS several countries across Africa continue to be impacted by third and fourth waves of the COVID-19 pandemic, the latest AFRI CONVERSE 2021 dialogue took a closer look at innovative local initiatives and the ongoing international support to bolster the continent’s response to the virus. Approximately 18 months since the outbreak of the pandemic, over 2.5 million people in Africa have been infected and the death toll is in the tens of thousands. A recent United Nations Development Programme (UNDP) study warned that by 2030, approximately eight out of 10 people pushed into poverty due to COVID-19 will live in countries on the lower end of human development, with the heaviest burden falling on Africa. And yet, in spite of the harsh impact of the pandemic on livelihoods, the continent has demonstrated extraordinary resilience across various sectors when compared to the other regions of the world. Opening the fourth instalment of the AFRI CONVERSE dialogue this year, Professor Tomohiko Sugishita, from the Department of International Affairs and Tropical Medicine at the Tokyo Women’s Medical University said, “this session is a wakeup call for us to examine Africa’s ingenuity, productivity and capacity to mitigate the pandemic, as well as determine how we can support such opportunities in building a new future for the continent.” “To boost the efforts taken by our partner countries in Africa and other parts of the world in response to the pandemic, JICA has launched JICA’s Initiative for Global Health and Medicine focusing on treatment, precaution, and...

Dutch Ambassador to the Democratic Republic of Congo (DRC) H.E. Jolke Oppewal toured the port of Kalundu on Friday July 30th, 2021.The visit was to assess progress of a Port rehabilitation project funded by the government of Netherlands through TradeMark Africa. The envoy expressed optimism for peace and stability in Kalundu and environs, noting that this was key for social economic development of the region, observing that instability was slowing down key projects. The ambassador also called on all actors to work together to foster peace in the region. The Manager in Charge of the Port, Shabani Kyalumba thanked the Dutch Government and TradeMark Africa for their commitment towards rehabilitation of the second port in DRC. He explained that Phase 1 of the current project involved dredging the port which had last been dredged in 1998. Phase 2 which is expected to now commence will entail construction of an administrative block to house all government agencies working at the port, install modern surveillance and lighting services and as well as fence the Port. Speaking during the visit, the Mayor of Uvira Kiza Muhato hailed the project as one that would improve the trading capabilities of the region. The mayor also called on the Dutch government to support improve port accessibility, especially upgrading of the road linking the Port of Kalundu and Bukavu town and consider provision of handling equipment at the port to enhance quick evacuation of cargo. [download id="60512"]  

Covid-19 pandemic is ravaging economies around the world. We are living in digital revolution where digital technologies are redefining how we live and work. Since the change is inevitable, we must embrace it. When covid-19 pandemic hit the country in March 2020, it sent us all home and forced us and our institutions to change from the way we operate everyday to using digital technologies as a way to stay connected in the face of virus that forced people to be apart, closure of businesses and institutions. The Covid-19 pandemic acted as a wake-up call for people and business to have a plan to stay in operation in case of disruptions. Closure of schools to face-to-face learning forced students and teachers to shift to online learning through zoom, chefs started doing live cooking classes online, companies and institutions moved from offices to video conferencing, families separated due to pandemic started holding holidays, birthdays and funerals and other life’s celebrations via zoom to celebrate and mourn with other family members as a way to avoid social gathering to curb the spread of the virus. Covid 19 has pushed us to digital future and people have embraced the change to new digital reality without many years of training as expected. This adaptation has allowed our economy, education and people to keep going during the pandemic. It is evident that in future most work will be done remotely through technological devices. people and institutions have embraced technology to facilitate remote work. On the...

As several countries across Africa continue to be impacted by third and fourth waves of the COVID-19 pandemic, the latest AFRI CONVERSE 2021 dialogue took a closer look at innovative local initiatives and the ongoing international support to bolster the continent’s response to the virus. Approximately 18 months since the outbreak of the pandemic, over 2.5 million people in Africa have been infected and the death toll is in the tens of thousands. A recent United Nations Development Programme (UNDP) study warned that by 2030, approximately eight out of 10 people pushed into poverty due to COVID-19 will live in countries on the lower end of human development, with the heaviest burden falling on Africa. And yet, in spite of the harsh impact of the pandemic on livelihoods, the continent has demonstrated extraordinary resilience across various sectors when compared to the other regions of the world. Opening the fourth instalment of the AFRI CONVERSE dialogue this year, Professor Tomohiko Sugishita, from the Department of International Affairs and Tropical Medicine at the Tokyo Women’s Medical University said, “this session is a wakeup call for us to examine Africa’s ingenuity, productivity and capacity to mitigate the pandemic, as well as determine how we can support such opportunities in building a new future for the continent.” “To boost the efforts taken by our partner countries in Africa and other parts of the world in response to the pandemic, JICA has launched JICA’s Initiative for Global Health and Medicine focusing on treatment, precaution, and...

Survey polled participants of GBF Africa, including traders and investors, and explored their insights on various aspects of investment across the continent. 63% of respondents identified Ghana as the preferred destination for investment, followed by Nigeria (62%). Findings released ahead of the Global Business Forum Africa in October, a high-level event organised by Dubai Chamber and Expo 2020 Dubai. Dubai, UAE: Agriculture has been identified as the most promising sector for  investment in sub-Saharan Africa, according to a survey released by Dubai Chamber. The survey polled participants of previous editions of the Global Business Forum Africa (GBF Africa), including traders and investors, and explored their insights and views on various aspects of investment across the continent. The findings shed light on investment trends in Africa that will be discussed at the forthcoming Global Business Forum Africa (GBF Africa 2021), which is organised by Dubai Chamber and Expo 2020 Dubai. The high-level event will take place October 13-14 at Expo 2020 Dubai under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The survey found that 61% of respondents believed that agriculture represented the most lucrative area for investment in the sub-Saharan region of Africa, followed by telecommunications (45%). In addition, cash was the preferred option for investment among 61% of respondents, followed by commodities (48%), hedge and private equity funds (42%), bonds (32%), stocks (24%), mutual funds (18%) and Exchange Traded Funds (15%). The abundance of natural...

TO effectively participate in the African Continental Free Trade Area (AfCFTA), the country should invest heavily in digital trade infrastructure, the Southern Africa Cross Border Traders Association (SACBTA) has observed. SACBTA general secretary, Jacob Makambwe, said with the outbreak of COVID-19 pandemic not slowing down, countries would depend on digital platforms to trade. Read original article

Cellulant, a Pan-African payments company, has partnered with Link Commerce, a B2B eCommerce platform, to avail relevant digital payment options to consumers in Africa. The partnership aims to make it possible for consumers to purchase goods directly from global retailers online. According to a report by UNCTAD, the number of online shoppers in Africa has surged annually by 18% since 2014. As of 2019, the number of digital buyers in Africa increased to 233 million. The number of e-commerce users in the continent was also projected to grow significantly in the next few years, according to a Statista forecast. In 2021, there might be some 334 million online shoppers in Africa. By 2024, there could be roughly 478 million, about double the number in 2019. The most significant contributor to this surge in e-commerce is the rapid growth in smartphone penetration over the past decade in Africa and the shift in consumer-spend behaviour. The payments infrastructure has also evolved to offer payments solutions that enable more consumers across Africa to participate in online shopping without a bank account. Speaking on the partnership, Link Commerce CEO Chris Folayan stated, “With a global surge in online sales, and travel restrictions, finding the right partner to enable our customer the ability to pay locally and via mobile payment platforms is important to us. We are excited to be partnering with Cellulant as we grow cross-border trade across Africa. Removing payment and delivery barriers by ensuring everyone can pay for and receive products directly...