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Over three million people in Tanzania and Kenya will benefit from a €345 million financing package for road construction support, approved by the African Development Bank’s (https://www.AfDB.org/) board in Abidjan on Thursday. The Bank’s support for the Mombasa-Lunga Lunga/Horohoro and Tanga-Pangani-Bagamoyo roads Phase I, is in the form of African Development Bank and African Development […]
The push for greater economic integration in Africa is not a new phenomenon by any means. Efforts to achieve some level of continental integration can be traced as far back as 1960, also nicknamed “the year of Africa” due to the heightened spread of Pan-Africanist sentiments, culminating into the independence of the largest number of African countries of any other year in history.
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, […]
To most people, a One Stop Border Post (OSBP) at one of East Africa’s border crossing points is simply a building where papers are processed. TradeMark Africa (TMA) has worked to establish and improve systems at 13 OSBPs across East Africa to ensure that they are much more. To the frequent border users,these infrastructures are […]
The UN Economic Commission for Africa (ECA) and Trademark East Africa (TMA) launched the National impact assessment report that presented the effects of the African Continental Free Trade Area (AfCFTA) on Uganda, during a national AfCFTA stakeholder consultation meeting on 31 October 2019. Emphasizing that regional platforms are “the way to go” for developing countries […]
Women still lag behind in Kenya’s corporate sector management with only 22 per cent representation in the managerial positions, a report on gender equality in the workplace shows. Further, no company has achieved a gender balance at all four levels, that is, board, executive, senior management and general workforce. In totality, women account for 23 […]
A rare breed of men and women has effectively eclipsed out forex bureaus and commercial banks in exchange of regional currencies at the cross-border points. They are the unspoken powers driving money exchange business at land border crossings of the East African Community (EACV) member States, where they are, in many cases, the only option […]
The African Development Bank (AfDB) will use its newly ramped-up capital base to help boost private sector investment on the continent and invest in infrastructure projects that support the African Continental Free Trade Area (AfCFTA). These are some of the plans the bank has for the additional $115bn (R1.7-trillion) recently approved by its shareholders, according […]
To a newcomer using a One Stop Border Posts (OSBP) at one of East Africa’s border crossing points where TradeMark Africa (TMA) has worked; the OSBP buildings strike a breathtaking view of modern infrastructure. They magnificently display an artistic presence in the rural remote areas, where most border crossings are, often set against the backdrop of [...]
That’s the main conclusion from a new report Africa’s Development Dynamics Achieving Productive Transformation, published by the African Union (AU) and the OECD on November 5. As it stands, productive transformation is not taking off, especially in the employment-intensive sectors where it is most needed, the report finds. Far from catching up, Africa is falling further behind emerging […]
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