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1 BACKGROUND African countries are becoming increasingly aware of the importance of developing trade capacity in order to achieve effective participation in the regional and world trading system and to reap the full benefits of improved access to these markets (World Bank). There is wide recognition that capacity building and training are prerequisites to economic […]
The landscape of international trade has evolved significantly in recent years, characterised by growing complexity and the emergence of new opportunities and challenges. Trade policies play a pivotal role in shaping the economic trajectory of nations, and well-crafted trade agreements have the potential to lift countries out of poverty while promoting sustainable development. New trade […]
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) […]
Nairobi, 8 February: The Government of the Netherlands, through its Ministry of Foreign Affairs, in a significant boost to global trade development, has announced a $63 million funding to TradeMark Africa, a leading aid-for-trade organisation. This strategic investment will fuel TradeMark Africa’s Strategy 3, covering the period till 2030, aimed at driving green, sustainable economic […]
Context: The Uganda National Bureau of Standards (UNBS) was established as a semi-autonomous body by an Act of Parliament in 1983. UNBS is mandated through the Act to develop and promote standardisation, quality assurance, laboratory testing and metrology to enhance the competitiveness of local industry to strengthen Uganda’s economy and promote quality, safety and fair […]
The latest World Bank’s Economic Update on Kenya reports that the country relies on a fixed basket of products, which has seen it lose market share in the European Union (EU) bloc. Kenya lags behind Uganda, Tanzania and Ethiopia as far as export diversification and product mix are concerned. It is steadily losing market share […]
Accra, July 17, GNA – The World Bank has identified intra-African trade and digitalisation as key drivers of economic transformation on the continent, and urged that bottlenecks are removed. The Bank said the two sectors offerred hopes for the continent’s transformation as they could provide significant opportunities for increased competition, Foreign Direct Investment (FDI) flows, […]
Africa’s significant growth potential is being constrained by low trading volumes both within the continent and exporting from it. Trade infrastructure gaps, unaligned regulatory environments and non-tariff barriers (NTBs) make life hard for exporters, leading to a predominance of primary goods in the export portfolio, and a host of lost opportunities to boost intra-African trade. […]
The AfCFTA seeks to significantly increase trade between African countries by reducing tariffs, eliminating trade barriers, and streamlining customs procedures. This single market is expected to benefit African businesses by providing access to a larger customer base, promoting competition, and encouraging innovation. Economic Integration By fostering closer economic ties between African nations, the AfCFTA aims […]
The Infrastructure Africa Business Forum, set to take place at the CTICC in Cape Town, South Africa, on the 16 – 17 July 2024, will delve into critical discussions on the development of Africa’s infrastructure, with a spotlight on the pivotal role of Development Finance Institutions (DFIs). This year’s forum aims to foster collaboration and innovation […]
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