ATPC Daily Digest 13 December 2018

 

INTERNATIONAL

African-Russian chamber of commerce to be established during 4th EIF in Egypt - Chairman of the Federation of Egyptian Chambers of Commerce (FEDCOC) Ahmed el Wakil said that there are ongoing efforts to establish an African-Russian chamber of commerce during the 4th Egypt Investment Forum (EIF) due on February 9 in Cairo.  (Egypt Independent)

Keywords: Africa, Russia, Chamber of commerce

EDA signed MoU with ITFC to support cooperation in trade development - The Arab Africa Trade Bridges Program (AATB), the International Islamic Trade Finance Corporation (ITFC), hosted the second buyers/sellers meeting for pharmaceuticals and related industries in Cairo, where the potential of promoting the pharmaceutical industry was high, in addition to facilitating procedures for the registration of medical products in Africa. (Daily News Egypt)

Keywords:  EDA, ITFC, MoU, Trade development

May win will prompt relief in Brussels but not concessions - Theresa May’s relief at her victory in Westminster looks set to be shortlived, with EU leaders preparing to offer warm words but rule out significant concessions on the Brexit deal. (The Guardian)

Keywords: Theresa May, EU, Brexit deal

US seeks to counter growing Chinese influence in Africa - The Trump administration wants to see an increase in U.S. investment and trade in Africa as part of a new strategy aimed at countering China's growing influence there. National security adviser John Bolton is expected to lay out priorities Thursday for an administration policy that labels Africa "the continent of the future." (Associated Press)

Keywords:  US, China, Africa influence, Trade

 

PAN AFRICAN

African airlines to register net loss of $300M in 2019 - African carriers are expected to report a net loss of $300M in 2019, the International Air Transport Association (IATA) has said.This is, however, lower than $400M net loss registered in 2018. The expected net loss per passenger is $3.51 making Africa the weakest region globally. (The New Times)

Keywords: IATA, African airlines, Net loss

African businesses are irreversibly going digital - The new generation of African entrepreneurs are keen to harness opportunities provided by mushrooming digital platforms to expand their operations across the continent and beyond, executives said on Tuesday during the inaugural Africa e-commerce week underway in Nairobi. (African Daily Voice)

Keywords: Africa, Business, Digital platforms

Intra-African trade fair targets $25BN in trade deals - The first-ever Intra-African Trade Fair opened in Cairo on Tuesday seeking to achieve $25BN in trade deals over the next seven days.Organised by the African Export- Import Bank (Afreximbank), the fair, which is being held from December 11 to 17, aims to bridge the low trade level among the countries on the African continent. (Ghana Business News)

Keywords: Africa, Intra-Africa trade, IATF

Africa is on threshold of new phase of economic integration - During the inauguration of the IATF on Tuesday, Professor Benedict Oramah, President of African Export-Import Bank (Afreximbank) noted that the fair is the first of its kind to benefit from the African continent’s wealth, which colonialism prevented its people from achieving the full benefit from, explaining that Africa is on the threshold of a new phase of economic integration. (Daily News)

Keywords: Africa, Economic integration, IATF

AEC pushes for an inclusive African Continental Free-Trade Agreement - A successful implementation of the African Continental Free Trade Area (AfCFTA) agreement cannot be achieved without the “people dimension,” ensuring that the integration process does not lead to widening inequalities or exclusion, the AEC Forum observed. A total of 44 African nations signed the landmark AfCFTA earlier this year, but the agreement is not without its potential downsides, the AEC delegates said. (African Review)

Keywords: Africa, AfCFTA, AEC, People dimension

7th meeting of African Union Trade Ministries kicks off Dec. 12 - The seventh meeting of African Union Trade Ministries kicked off on Wednesday in the presence of delegations from 55 countries, representatives of various African economic blocs' secretariats and representatives of international organisations interested in African affairs. Coordinator of the Center for Trade Policy in Africa David Luke said that the member states need to face the problems and obstacles of removing customs constraints. (Egypt Today)

Keywords: Africa, Trade Ministers, Meeting, Customs constraints

 

EAST AFRICA

Proposed Isaka-Kigali railway could be extended to Rubavu - Rwanda and Tanzania are weighing up the option of extending the proposed joint standard gauge railway to Rubavu at the border with DR Congo. The development is part of the outcomes of Tuesday’s meeting between the Ministers responsible for transport in Rwanda and Tanzania, officials said. Extending the railway line to Rubavu would boost commerce between Rwanda and DR Congo.  (The New Times)

Keywords: Isaka, Kigali, Railway project

Relief as Tanzania moves to ease doing business for Rwandan traders - Tanzanian Minister for Works, Transport and Communication, Isack Kamwelwe, on Tuesday met Rwandan business community, especially traders exporting and importing goods using Tanzanian ports. He discussed with traders challenges that hinder them from smoothly carrying out their business in Tanzania so they can be addressed. (The New Times)

Keywords: Tanzania, Rwanda, Ease of doing business

Thailand to mechanise Uganda’s rice production - The Royal Thai Embassy has started exploring areas around the country where they intend to introduce mechanised rice production and modern medical facilities. Speaking at their national day celebrations last week, Cherdkiat Atthakor, the Ambassador representing East Africa, said they have contacted Thai investors who are already prospecting areas where they are setting up mechanised rice production. (Daily Monitor)

Keywords: Uganda, Thailand, Rice production

Why US$3.5BN Tanzania-Uganda oil pipeline is under threat - Tanzania and Uganda have been pushing to commence construction of the US$3.5BN crude oil pipeline connecting Uganda’s oil fields of Hoima to Tanga Port. The 1,445 kilometre 24-inch diameter crude oil pipeline project is estimated to have a capacity of transporting 216,000 barrels of crude oil per day once in place and the Ugandan government is keen cash-in as an oil exporter. (The Exchange)

Keywords: Tanzania, Uganda, Oil Pipeline

 

NORTH AFRICA

EU commission highlights EU-Egypt partnership in 2017/2018 - The European Commission issued a report covering the European Union-Egypt Partnership,highlighting the major developments in their cooperation with a particular focus on achieving the goals set within the framework of the partnership priorities 2017-2020.  (Egypt Today)

Keywords: Egypt, EU commission, Partnership

 

SOUTHERN AFRICA

Africa key market for SA exports  - South African businesses should consider the continent an extremely important market, especially for trade in value added products, trade and industry minister Rob Davies has said. Launching the South African stand at the inaugural Intra-Africa Trade Fair (IATF) in Cairo, Egypt, Davis said the fair was an excellent opportunity for Africa's most industrialised country to increase export volumes into the rest of the continent. (Business Report)

Keywords: Africa, South Africa, Exports market

 

WEST AFRICA

Ghana and Belgium explore investment opportunities - Professor George Gyan-Baffour, Minister for Planning, on Tuesday said Government will continue to consolidate gains made in the macro-economic environment, develop and implement transformational policies and create that enabling environment for the private sector to thrive. (Ghana Business News)

Keywords: Ghana, Belgium, Investment opportunities

Nigeria: Experts sue for full implementation of trade facilitation agreement - To spur favorable competitiveness in international trade, experts in the logistics supply chain have stressed the need for Nigeria to implement the provisions of the Trade Facilitation Agreement (TFA) when it comes into force. They argued that since Nigeria has ratified the TFA, the new regime would attract more investors and boost economic activities in the country, if properly implemented.  (The Guardian.ng)

Keywords: Nigeria, Trade facilitation, Agreement