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The European Union and COMESA have signed 8.8 million Euros Contribution Agreement to increase private sector participation in sustainable regional and global value chains through improved investment/business climate and enhanced competitiveness in the COMESA region. The funds will be used to implement the Regional Enterprise Competitiveness and Access to Markets Program (RECAMP), focusing on agro-processing, […]
As lockdowns and curfews are being gradually eased across Africa, the continent faces turbulent times ahead as the COVID-19 pandemic continues to impact the global economy. Already, the harsh economic fallout of stringent lockdowns seems to have been felt more keenly by families across the continent than the disease itself, pushing people with little or […]
The African Import-Export Bank (Afreximbank) and International Trade Centre (ITC) team up to help businesses make the most of the African Continental Free Trade Area (Cairo/Geneva) − Afreximbank is teaming up with ITC to train small business owners and young entrepreneurs in Africa to trade with other African countries as part of the new African […]
Senior Rwandan officials and their counterparts from the Democratic Republic of the Congo (RDC), on Thursday, May 27 agreed on a set of mechanisms to revive cross-border trade despite the Covid-19 outbreak. The senior officials met in Rubavu District at La Corniche One Stop Border Post a closed door meeting that lasted over five hours. […]
Are we now in a “new Cold War,” as headlines in recent months suggest? As the covid-19 pandemic rages on, relations between the United States and China have reached new lows, and President Trump threatened to “cut off the whole relationship.” This leaves economists and policymakers considering a question that once seemed unthinkable: What would […]
Arusha. The leading horticulture industry’s body Taha has applauded the Tanzania and Kenya’s truce, saying the deal has saved the multi-million dollar agricultural sub-sector and thousands of related jobs. Latest data from the Agriculture ministry shows that horticultural export value had surged to $779 million in the 2018/19 financial year, up from $412 million in […]
Many African countries are all too familiar with the social and economic upheaval posed by outbreaks of infectious diseases. Recent experiences with Ebola are fresh in peoples’ minds across West and Central Africa, as are those with TB and HIV/AIDS in Southern Africa. As a result, African countries understand the need for regional coordination in […]
Mr Wamkele Mene was recently appointed Secretary General of the African Continental Free Trade Area Secretariat. The effects of Covid-19 have halted free trade in member countries. In this interview with Africa Renewal’s Kingsley Ighobor, Mr Mene explains the way forward, and how increased intra-African trade can help lift post-Covid-19 economies. These are the excerpts: […]
African countries are facing a dual crisis – the impact of COVID-19 on their populations and the global economic slow-down which threatens to undo the hard-fought gains of the last 25 years Nestled in the undulating hills of central Ghana is a Fair Trade cooperative cocoa farm that produces chocolate for export to the world, […]
THE private sector associations and corporates in the East African Community (EAC) are pushing for the six countries to embrace a recovery strategy in post Covid-19 pandemic dubbed BEABEA (Buy East Africa Build East Africa).That is a medium- and long-term approach as states have been called upon to provide support to key industries to expand […]
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