Sector experts have expressed concerns that Africa is facing growing trade barriers from conflicting Covid-19 control measures. As such, there is need for the EAC Regional Coordination Committee (RCC) on Covid-19 to review and harmonize the East African Community (EAC) policies and measures to control the pandemic. In fact the, EAC Sectoral Council on Trade, Industry, Finance, and Investment (SCTIFI) is calling for harmonization of Covid-19 testing charges and the associated validity check of the tests. Member states f the EAC need mutual recognition of test certificates once issued otherwise, traders and transporters suffer a great deal during border crossing. Kenya, Tanzania agree on Covid-19 testing and cross-border movement - The East AfricanYou have frieghters coming from Tanzania entering Kenya only to have the latter or former country deny entry due to ‘in-validity’ of the Covid-19 test and certification. This does not only apply at Namanga or Hollili cross border points, for Tanzania and Kenya and Kenya and Uganda respectively, no it occurs across all border points for all EAC countries. It is a breathe of fresh air that SCTIFI has gone ahead and directed the Republic of South Sudan and the Republic of Uganda to operationalise the Nimule/Elegu One Stop Border Post (OSBP). The two countries are now required to place their country officials at the OSBP which at the moment they do not. The East African Community (EAC) is facing huge policy and regulation differences that affect efficiency of trade. For instance, despite having formed the ambitious EAC...

Corporate Council on Africa (CCA), the leading reputable U.S. business association with a strategic focus on connecting business interests between the United States and Africa, has held the 13th U.S.-Africa Business Summit. The U.S. government and private sector leaders together African political and corporate business leaders have been working consistently over these years to share insights on critical issues and policies influencing the U.S.-Africa economic partnership. The three-day Summit held virtually included 5 plenaries and 12 panel sessions highlighting key economic recovery strategies and focused on a range of sectors and issues, including health and vaccine access, trade, digital transformation, infrastructure, financing, small and medium scale enterprises, tourism, women's leadership and investment opportunities in various African countries. Here are some highlights: The high-level dialogue set the scene for reviewing the opportunities for United States and African public and private sector leaders, how to strengthen the economic partnership between the United States and Africa. Prosper Africa, investments in key sectors such as gas, exploration of possible new bilateral trade agreements, extension of the African Growth and Opportunity Act (AGOA). The Role of Women's Leadership in Driving an Inclusive Recovery: The United States will drive a pandemic recovery and put women at the forefront. It has contributed 25 million vaccines for Africa. It implies to make sure incorporating women's perspective in their efforts. "When women are empowered, they empower their families, they empower their communities and they empower their countries.” Thokozile Ruzvidzo, Director of the Gender, Poverty and Social Policy Division, United Nations Economic Commission...

What you need to know: The review as part of the ongoing activities to enable women build their economic resilience beyond the Covid-19 pandemic. Covid-19 has worsened inclusion of women in the labour market as economic dynamics have abruptly shifted to the disadvantage of women. The State Department for Gender is reviewing its economic empowerment policy to integrate the emerging needs of women amid a ruffled economic environment shrinking opportunities for women than men. Ministry of Public Service and Gender, senior policy advisor, Elizabeth Adongo, termed the review as part of the ongoing activities to enable women build their economic resilience beyond the Covid-19 pandemic. “A lot of money has been invested in empowerment of women like the Sh2 billion earmarked for the Biashara Kenya Fund,” she said last week during the Annual Women Rights Organisation Convention (2021) convened by Crawn Trust. Last month, Women Enterprise Fund (WEF) launched Thamini, a loan product tailored to meet the credit needs of the at least eight million widows in Kenya. This interest-free loan facility, she said, is crucial to helping the vulnerable women rebuild their lives and stabilise economically. Affirmative funds On accessing markets, she said African Continental Free Trade Area provides an opportunity for women to trade their products across the region. Last March during the launch of a survey of the top 100 brands loved by women in Kenya, Gender Chief Administrative Secretary Rachel Shebesh reckoned of the findings as important in informing design of women empowerment initiatives. The survey...

The African Continental Free Trade Area agreement officially began on January 1, 2021. What have you observed? The AfCFTA is outlined in the African Continental Free Trade Agreement, with trade commencing on January 1, 2021. AfCFTA is the largest in the world in terms of participating countries since the formation of the World Trade Organisation. The agreement was brokered by the African Union and was signed in Kigali, Rwanda, on March 21, 2018. AU member states have continued to show interest in this continental project and, to date, the agreement has been signed by 54 out of 55 member states. There has been a lot of progress since the agreement moved from conception to implementation of a trade area. The organisational structures and operational instruments have been put in place with the nomination of the chief executive officer and other principal officers and the formal opening of the headquarters in Accra, Ghana. The management of AfCFTA has swung into action, reaching out to regional and international partner organisations, as well as sensitising stakeholders about the objectives of the organisation. For example, the secretariat partnered with Future Investment Institute to launch an initiative that will eradicate illicitly traded products from AfCFTA countries, and the cooperation should help countries to reduce disruptive structures that deprive governments revenues through their operations in the informal economies. They are also introducing some initiatives such as the creation of the continental tool/mechanism for monitoring, reporting and elimination of non-tariff barriers to increase the volume of cross-border...

COVID-19 has exacerbated challenges to Africa’s food and agriculture sector and to its millions of smallholder farmers. At the same time, the pandemic has accelerated innovative efforts to develop and deploy the transformative power of digital technology to address these problems in ways that leapfrog past practices and traditional solutions. Emerging evidence from Asia and Africa suggests that digital technology holds promise to dramatically enhance smallholder productivity and incomes by increasing on-farm and off-farm efficiency, enhancing traceability, reducing vulnerability to counterfeit products, and improving farmers’ access to output, input, and financial markets. The change is driven by the introduction of new forms of intermediation and the collection, use, and analysis of massive amounts of agriculture data to disrupt existing business models. New strategic partnerships between the public and private sectors are an essential component for reaping the positive impacts of digital technology and avoiding unintended and unwelcome secondary effects. Digital technology as a transformational force to drive scale Digital technology is transforming the agricultural sector through the application of innovative tools and new business models. For the first time, many people in the value chain, including smallholder farmers, have access to real-time data and computational power making possible more effective selection and timing of product-to-market decisions, provision of credit, and access to micro-insurance. Digitized agriculture data is also creating network effects to drive scale. Coupled with the increasing embrace of the sharing economy, digitization and artificial intelligence make possible new business models and e-commerce platforms that connect farmers directly with markets, service providers, and...

The Uganda-Burundi highway will connect to Kobero One Stop Border Post On the Tanzania Border. Read original article

It’s great for governments to do Trade Deals, but making the benefits flow to businesses in the real economy is what will determine if they are successful or not. The Institute of Export & International Trade has inked a partnership with multinational NGO, TradeMark Africa, aimed at doing just that by using digital technology, including distributed ledger or blockchain, to connect buyers and suppliers in Kenya and the UK. The Trade Logistics Information Pipeline, or TLIP, will enable all companies and government agencies in the supply chain to upload and access data simultaneously cutting out wasteful repetition. In supply chains like those for perishable food, think of green beans on the supermarket shelves, that will cut time to market but most importantly it will also cut cost. TLIP is the first example of this kind of initiative between the UK and a developing nation since the UK regained full control of its trade policy at the start of 2021. It builds on the Economic Partnership Agreement, a trade deal, the UK signed with Kenya in March of this year and is a sign of things to come. But it isn’t trade diplomacy that will decide if it succeeds or fails, that will be down to the extend that it is adopted by business, it has to be responsive to business needs and deliver meaningful, measurable improvement. Digital technology is an ever more important piece of the trade picture. We at the IOE&IT welcome the emphasis that the UK has put...

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...