ATPC Daily Digest 24 July 2018

 

INTERNATIONAL

A look at India's relationship with African nations as PM Modi begins 5-day tour - Prime Minister Narendra Modi on Monday will kickstart his five-day tour to African nations including Rwanda, Uganda and South Africa to discuss key global issues, including international peace and security. While the PM's visit to these nations is likely to strengthen relations, Money Control takes a look at the trading relationship between India,  Rwanda, Uganda and South Africa. (Money Control)

Keywords: Africa, India, Commercial co-operation

BRICS must focus on investment-led trade - South Africa’s Trade and Industry Minister Dr Rob Davies told participants at a Brazil, Russia, India, China, South Africa (BRICS) business meeting that partner nations should focus on investment-led trade, “instead of it being the other way around in this global environment, we need to play catch-up on the investment front.”  (Tralac)

Keywords: BRICS, Investment-led trade

Kenya and South Korea target to deepen their bilateral trade ties - Agriculture, energy, infrastructure and healthcare are the main areas of focus that Kenya and South Korea are targeting to deepen their bilateral trade ties. (NTV Kenya)

Keywords: Kenya, South Korea, Bilateral trade ties

Kenya loses UK market share to Rwanda, Dar es Salaam - Kenya must raise production standards and up its marketing to counter similar efforts by its neighbours racing for a pie of the United Kingdom (UK) market, latest trade and investment report states.Lack of diversification has reduced Kenya’s competitiveness and given rise to significant competition from other African countries such as Rwanda, Ethiopia, Tanzania and Ivory Coast, all gradually eating into Kenya’s market share in the UK (Daily Nation)

Keywords: Kenya, Rwanda, Tanzania, Ethiopia, Ivory Coast, UK, Market share

 

PAN AFRICAN

Nairobi hosts consultative meeting in preparation for AfCFTA Phase II negotiations - The African Trade Policy Centre of the Economic Commission for Africa (ECA), the African Development Bank (AfDB), the United Nations Conference for Trade and Development (UNCTAD) and the African Union Commission (AUC) are holding a series of consultative meetings in Nairobi, Kenya to initiate research on the 9th edition of the Assessing Regional Integration in Africa. The meetings run from 16 to 27th July. (UNECA)

Keywords: AfCFTA, ECA, Negotiations

Good news: African leaders are showing more urgency - There seems to be greater urgency among African leaders to raise the level of cooperation across the continent than there has ever been. Everywhere one looks there is a flurry of bilateral and continent-wide activity to make deals, sign agreements or implement existing ones. Africa finally seems to be in a hurry. (The New Times)

Keywords: Africa, Level of cooperation, Bilateral deals

 

EAST AFRICA

Museveni: We are engaging companies to construct Kotido-Ethiopia road - The government of Uganda has started discussions with companies to construct a road that links Uganda with Ethiopia. Speaking at a rally in Karamoja Sub-Region on Sunday, Uganda's President Museveni said the proposed infrastructure development would lead to increased trade between Uganda and Ethiopia. (Chimpreports)

Keywords: Uganda, Ethiopia, Cross-border trade, Infrastructure

Kenya drums up support for Africa free trade area - Kenya’s Cabinet Secretary in the Foreign Affairs ministry, Monica Juma on Sunday underscored the important role of the African Continental Free Trade Agreement (AfCFTA) in delivering Agenda 2063 and transforming the economic structure of the continent. (APA News)

Keywords: AfCFTA, Agenda 2063, Economic structure

E-commerce contributed 6pc of all purchases in Kenya in 2017 - Kenya’s E-Commerce is now estimated at 6 per cent of all purchases made in 2017. This is according to United Nations Conference on Trade and Development Secretary-General Mukhisa Kituyi who says that despite the low levels of e-commerce activity, Kenya is leading the continent alongside South Africa and Nigeria.(Capital Business)

Keywords: Kenya, E-commerce, UNCTAD

 

NORTH AFRICA

Algeria trade deficit sharply down - Algeria’s trade deficit declined by 83.6% to $490M during the first quarter of 2018, compared to $2.98BN a year ago, said Customs’ National Center for Data and Statistics on Sunday. (Financial Tribune)

Keywords: Algeria, Trade deficit, Increase in exports

Egypt to ban raw material exportation - In order to boost the value chain in Egypt, the Ministry of Industry and Trade plans to ban the exportation of raw material that occupies the top position of Egypt’s exports list so that they enter multiple manufacturing processes. (Egypt Today)

Keywords: Egypt, Raw material exportation, Ban

Moroccan air traffic increases by 13% in 1st half of 2018 - During the first half of 2018, airports in Morocco received a total of 10.45M passengers, a growth of 13 percent compared to the same period of 2017. According to statistics from the National Office of Airports, air traffic grew exceptionally, at 25.66 percent, in June, with more than 1.64M of passengers. (Morocco World News)

Keywords: Morocco, Aviation, Traffic increases

 

SOUTHERN AFRICA

Bulawayo industry revival key to regional industrialization, trade agenda -  As government and the private sector pursue initiatives towards revitalising the productive sector in the country, Bulawayo industries should come to the fore given the city's strategic positions to markets and historical  comparative advantages as the manufacturing hub of Zimbabwe. (Chronicle)

Keywords: Zimbabwe, Industrialization, Trade agenda

Annual logistics and transport workshop to focus on African trade enhancement - The 10th Annual Logistics and Transport Workshop which will be held in Swakopmund from 25 to 27 September, will ponder on enhancing African trade through hinterland connectivity. (Namibia Economist)

Keywords: Namibia, Transport workshop, Trade enhancement

 

WEST AFRICA

Ghana’s central bank maintains interest rate at 17% - The Central Bank of Ghana says it is maintaining its interest rate of 17 per cent due to the possible impact of inflation pressure on emerging economies .(Premium Times)

Keywords: Ghana, Central bank, Policy rate