Search Results for: poverty

July 7, 2015

African avos lead Maersk project

Last month, representatives of Maersk were invited to share their East Africa project in front of the World Trade Organization (WTO) in Geneva, hosting the fifth year review of Aid for Trade – a concept to support developing countries and their governments in recognising the role trade plays in their countries’ development. Maersk Line pointed […]

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July 6, 2015

Rwanda aims for pole position

KIGALI, Rwanda – Rwanda’s Finance and Economic Planning Minister, Amb. Claver Gatete has said Rwanda wants to become the top regional hub for services. “We aim at becoming the services sector hub for the region, but that does not mean we have any intentions to abandon the industrial sector,” Gatete said recently. He was speaking […]

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July 1, 2015

Making international trade work for the world’s poorest

Over the past 25 years, an astounding one billion people have lifted themselves out of extreme poverty, reducing by more than half the number of those living in such deplorable conditions. This is great work but we can do even better. In the next 15 years, we believe that international trade, which has boosted economic […]

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June 30, 2015

U.S. $500 milllion for Northern Kenya road upgrade

Nairobi — The World Bank Group has approved $500 million for the development of the transport and trade corridor in north-western Kenya. The general intent is to help improve the livelihoods of the communities in Turkana and West Pokot counties. “A better road will contribute greatly to the development of north-western Kenya and improve the […]

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June 26, 2015

New free trade ‘super bloc’ huge for African economy

A major trade deal signed in June 2015 is about to remake Africa. Dubbed the Tripartite Free Trade Area (TFTA), the 26-nation market created by this deal will liberalize intra-Africa trade, foster cross-border infrastructure investment, and stimulate industrial diversification. The TFTA seeks to merge three existing regional organizations: the Common Market for Eastern and Southern […]

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June 16, 2015

AU launches continental free trade area negotiations

The African Union on Monday officially began negotiations on plans to create a continent-wide free trade zone by 2017. Addressing the AU summit in Johannesburg on Monday, Zimbabwe President Robert Mugabe, current chairman of the 54-nation organization, called the new Continental Free Trade Area essential to promoting movement of goods and people within the continent. […]

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June 16, 2015

Ethiopia: The logistics conundrum

Logistics is a critical yet easily neglected component of economic development. Investment in agriculture is futile, if there is no supply chain in place to get produce to market. Essential medication is rendered ineffective, if it cannot be transported in the appropriate conditions. Consumer goods cannot improve people’s lives, if the cost of importing them […]

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June 11, 2015

Communique-3rdComesa-EAC-SADC  tripartite summit

Vision: TOWARDS A SINGLE MARKET Theme: Deepening COMESA-EAC-SADC Integration 1. The Heads of State and Government of the Common Market for Eastern and Southern Africa (COMESA), East African Community (EAC) and Southern African Development Community (SADC) Tripartite met on 10 June, 2015 in Sharm El Sheikh, Egypt and: (a) LAUNCHED the COMESA-EAC-SADC Tripartite Free Trade […]

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June 9, 2015

Cross border infrastructure plan to stimulate free trade zone: Africa Union

The African Union is looking to the Continental Free Trade Area (CFTA) to solve transportation problems and infrastructure issues, according to Nadir Fath Elalim from the African Union’s senior political office. Elalim told Daily News Egypt that one of the African Union’s projects is called “Free Space”, which includes three African airlines connecting the continent […]

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June 8, 2015

Traders should make the most of the Export handbook

The Private Sector Federation (PSF) and Trade Mark East Africa (TMA) have come up with a very useful tool that is bound to open new doors to prospective exporters: The Export Handbook. It is a simplified step-by-step tutorial of how to get into the business; the requirements, where to register, how and where to carry […]

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