ATPC Daily Digest 14 December 2018

 

INTERNATIONAL

ITC and GroFin launch SheTrades Invest for women entrepreneurs - The International Trade Centre (ITC) and GroFin, a development finance company operating across Africa and the Middle East, today announced the launch of SheTrades Invest, an initiative to increase investment in women-owned businesses in 14 countries across these regions. (ITC)

Keywords: ITC, GroFin, SheTrades, Women businesses

Brexit & Beyond: Theresa May Takes Brexit Fight Back to Europe - British Prime Minister Theresa May, having overcome a bruising leadership challenge from her own party, is now seeking concessions from European Union leaders that will help sell her Brexit plan to a recalcitrant Parliament at home. But her EU counterparts aren’t likely to offer much, meaning her political reprieve could be short lived. (The Wall Street Journal)

Keywords: Brexit, Theresa May, Europe

 

PAN AFRICAN

Africa’s consumer market potential - Africa is one of the fastest-growing consumer markets in the world. Household consumption has increased even faster than its gross domestic product (GDP) in recent years—and that average annual GDP growth has consistently outpaced the global average. (Brookings)

Keywords: Africa, Consumer market, GDP

IATF 2018: Intra-African trade the engine for developing Africa - Africa must forge ahead with the remaining technical negotiations for the African Continental Free Trade Area (AfCFTA) as African Union member countries continue to sign and ratify the agreement that is underpinning the continent’s belief that intra-African trade is the catalytic potential of the accord, says Economic Commission for Africa (ECA) Executive Secretary, Vera Songwe. (UNECA)

Keywords: IATF 2018, Intra-Africa trade, AfCFTA

Mobile money holds key to financial inclusion in Africa, experts say - Sending and receiving money by mobile phone – pioneered since 2007 by Kenya’s Safaricom with its M-Pesa platform – can include more people into the economy in Africa and be the base of more sophisticated forms of e-commerce, speakers said on 13 December at UNCTAD’s Africa eCommerce Week in Nairobi, Kenya. (UNCTAD)

Keywords: Africa, Mobile money, Financial inclusion

People in Africa’s largest economies oppose more migration into their countries - A recent Pew Research Center survey of 27 nations shows the four African countries featured—Nigeria, Kenya, South Africa, and Tunisia—have high levels of opposition to more migration. Indeed, except in Tunisia, the percentage of people in the African countries surveyed who do not want an increase in the number of immigrants allowed into their country is higher than the median across all 27 countries analysed in the report. (Quartz)

Keywords: Africa, Largest economies, Migration

Smaller African nations should not fear but embrace AfCFTA, says ECA’s Songwe - Smaller African economies should not fear the African Continental Free Trade Agreement (AfCFTA)but rather embrace the accord for the benefits it will bring to the continent through expanded intra-African trade, says Economic Commission for Africa’s(ECA) Executive Secretary, Vera Songwe. (UNECA)

Keywords: Africa, Small economies, AfCFTA, Benefits

 

EAST AFRICA

East African bloc agrees to make trade cheaper, faster and simpler - Meeting in Nairobi, Kenya, representatives of the nations – who are members of the East African Community (EAC) customs union and common market – said they would implement trade facilitation reforms including reducing “non-tariff barriers” such as burdensome and incompatible product regulations. (UNCTAD)

Keywords: East Africa, Customs, Trade facilitation

 

NORTH AFRICA

ECA presents cartography of Regional Value Chains in North Africa - The ECA Office for North Africa launched on Thursday 13 December in Cairo its report on “The potential for the creation of Regional Value Chains in North Africa: a sector-based mapping”, on the margins of the Intra-African Trade Fair (Cairo, 11-17 December 2018). This new ECA report maps North African value chains by sector and studies their potential for development.  (UNECA)

Keywords: North Africa, ECA, Value chains

Trade Minister: Egyptian-Angolan working team formed to boost cooperation - Minister of Trade and Industry Amr Nassar announced on Thursday the formation of an Egyptian-Angolan working team to outline bilateral cooperation mechanisms and begin the implementation of joint economic, industrial and investment projects as soon as possible. (Egypt Today)

Keywords: Egypt, Angola, Trade cooperation

 

SOUTHERN AFRICA

South Africa deposits tripartite TFTA ratification instrument - South Africa deposited the instrument of Ratification of the EAC-COMESA-SADC Tripartite Free Trade Area (TFTA Agreement) bringing the number of countries that have done so to four. The other countries that have ratified and deposited the instrument are Kenya, Egypt and Uganda. (COMESA)

Keywords: South Africa, TFTA ratification, Instrument

Crypto in Africa: New South Africa trading platform, Veritaseum pushes on - VALR has partnered up with Bittrex, one of the biggest exchanges in the world, to form a new online platform that will give traders access to over 50 different cryptocurrencies. The newly created partnership will help investors in South Africa to access a large selection of cryptocurrencies.(Coin Geek)

Keywords: South Africa, Trading platform, Cryptocurrencies

South Africa asks EU to relax controls on its citrus exports - While the citrus sector demands that the safeguard clause of the free trade agreement with South Africa be activated for next summer and insists that the South African oranges and mandarins that arrive in the EU comply with the same phytosanitary and labor conditions required from European producers, the South African citrus lobby is demanding a looser phytosanitary control for the fruit they export. (Fresh Plaza)

Keywords: South Africa, EU, Citrus export

 

WEST AFRICA

Afreximbank launches $1BN programme to promote Nigeria-Africa Trade - The African Export-Import Bank (Afreximbank) today in Cairo signed an agreement with the Nigerian Export Promotion Council and the Nigerian Export-Import Bank (NEXIM), launching a $1BN Nigeria-Africa Trade and Investment Promotion Programme (NATIPP) aimed at promoting and expanding trade and investments between Nigeria and the rest of Africa. (Afreximbank)

Keywords: Afreximbank, Nigeria-Africa trade