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The success of the African Continental Free Trade Area (AfCFTA) will be measured largely by its ability to change lives, reduce poverty and contribute to economic development in Africa. This is according to the ninth edition of the flagship Assessing Regional Integration in Africa report (ARIA IX) launched during the African Business Forum. Expounding on […]
Despite the benefits that trade facilitation initiatives such as the introduction of an eSW may yield for a wide range of stakeholders including clearing agents, importers and exporters and government agencies, like most trade reforms, the links between these types of investments and poverty reduction are not so clearly defined. A recent study (Shepherd, 2014) […]
Just when poverty-reduction efforts around the world were already slowing, recent forecasts indicate that the global economy is heading into a period of deepening uncertainty. That makes measures to boost growth and expand economic opportunity all the more urgent – which is why revitalising trade must be high on the global policy agenda. The evidence […]
Nairobi – January 22nd, 2018 – Visiting UK Secretary for International Development, Penny Mordaunt has announced a new package of support to TradeMark Africa for implementation of its Strategy2. The UK is significantly scaling up its support to trade and regional integration across East Africa, now providing a total of £ 211m to the second […]
Widow Ahatho Turuga lost 20 of her goats to drought early last year, but the shopkeeper is planning to reinvest in her herd once she has saved enough money. “I think I will start with four goats and see how it goes,” she said, rearranging soap on the upper shelf of her shop in Loglogo, […]
December 6th, 2017 – Norway on Wednesday December 6th granted 50 million Norwegian Kroners (equivalent to 13.4 billion Tanzanian shillings) to TradeMark Africa (TMA) to support its work in enhancing trade across the East African Community to increase prosperity in the region. The agreement was signed by the Norwegian Ambassador to Tanzania, Her Excellency Hanne-Marie […]
Today, over 40 percent of people living in sub-Saharan Africa live in absolute poverty. It is this grim reality and the urgent need to sharply reduce the poverty percentage in Africa through trade that dominated the Regional dialogue on World Trade Organization (WTO) accessions for the greater horn of Africa being held in Nairobi. Speaker after speaker […]
Rwanda and the United Kingdom, through the Department for International Development (DFID), have signed a development partnership agreement worth Rwf136 billion to fast-track the country’s development initiatives and spur growth. Of this, £64 million (about Rwf69 billion) will be disbursed this fiscal year, and another £62 million (about Rwf67 billion) is targeted for next financial […]
This week saw another gathering of the world’s powerful in Davos, Switzerland at the World Economic Forum, which opened on Monday and ended on Friday. The theme for this year was economic growth and social inclusion. Winnie Byanyima, the Executive Director of Oxfam International, got the ball rolling when she said that eight men own […]
A section of trade analysts, civil society organisations and activists believe that Uganda has the potential to trade itself out of poverty. But that can only happen if it jealously guards itself against the system of free trade, a sugarcoated concept the country has blindly embraced. Trade and treaty analysts such as Nathan Irumba and […]
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