Year 6 | Edition 25 | 12 July 2019

Ethiopian connects Chongqing with freight corridors of the world

Ethiopian Cargo and Logistics Services, the largest cargo operator in Africa, has connected Chongqing, the largest municipality in Southwest China with Africa and South America with a weekly cargo flight.

Located in Southwestern China adjacent to Hunan, Hubei, Guizhou, Shaanxi and Sichuan provinces, Chongqing serves as a node of China’s Belt and Road initiative linking the country to its western neighbors...

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[Côte d’Ivoire] Economic outlook, why its time to produce Cocoa inclusively and responsibly, World Bank

The World Bank ninth economic update for Côte d’Ivoire confirms the positive trends noted in the past year but qualifies this assessment because of several risk factors, in particular the uncertainty linked to the 2020 presidential elections.

The study also proposes approaches to modernize the cocoa sector, which is currently not inclusive or environmentally responsible. Below are the eight takeaways...

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[Column] Bob Koigi: What the Africa free trade pact portends for the continent and businesses

In its May report, the International Monetary Fund, IMF, hailed the African Continental Free Trade Area, AfCFTA, as an economic game changer akin to those that have previously bolstered growth in North America and Europe.

Days after becoming operational, the continental free trade pact is already exciting markets and investors with the promise of a combined population of more than 1.2 billion people, a cumulative GDP of $3 trillion and total consumer...

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Revenue authorities in Uganda and DR Congo bet on digital infrastructure to enhance trade

The DR Congo Directorate of Customs and Excise (DGDA) and the Ugandan Revenues Authority (URA) have signed the Regional Electronic Cargo Tracking System (RECTS) standards operating procedures, marking the launch of the RECTs control centre extension to DRC cargo.

 This project is facilitated by TradeMark East Africa (TMEA) through a $642,000 fund from the Department of International Development (DFID). RECTs is now operational...

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[Column] Mukhisa Kituyi: Revitalizing global trade to deliver full development potential

In the face of barriers and protectionism, the multilateral trade rulebook needs to be revised to ensure that it can deliver its full development potential

The multilateral trading system provides a unique international regime that regulates the conduct of sovereign nations in trade policy. Its norms, principles and institutions have served many of its member countries to overcome the so-called ‘prisoners’ dilemma’ in their strategic interaction with...

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[Interview] Peter Macharia Kamau, CEO, Jijenge Credit Limited, Kenya

Peter Macharia Kamau is a seasoned banker with over 20 years experience in the Banking Industry. Peter founded Jijenge Credit, a lending institution operating since 2014 within East Africa. 

What does your company do?

Jijenge Credit is a non-deposit taking Micro Finance Lending Institution with over 20,000 clients in Kenya, Sudan and Tanzania, and its head office is at Town House, Nairobi...

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News Headlines

[Nigeria] U.S. Consulate launches academy for women entrepreneurs 19-09-2019 | 12:36:00
United States Consulate General in Lagos has launched the Academy for Women Entrepreneurs (AWE), a State Department-led initiative that supports women entrepreneurs around the world.

European Commission announces €34 million humanitarian funding in African Great Lakes region 19-09-2019 | 07:37:43
The European Commission has announced €34.275 million in humanitarian funding to help the most vulnerable people in the Great Lakes region in Africa.

USTDA advances procurement training for Kenyan leaders 19-09-2019 | 07:17:05
This week, the U.S. Trade and Development Agency welcomed a delegation of 14 senior Kenyan government officials to share best practices on innovative, value-based tools that promote fair, transparent public procurement.

Ghana Cocoa Board seals deal on USD1.3 billion cocoa syndicated loan agreement 19-09-2019 | 06:49:17
The Ghana Cocoa Board (COCOBOD) has completed a USD 1.3 billion cocoa syndicated loan agreement for the purchase of cocoa beans from local farmers during the 2019/2020 crop season.

East Africa households using solar power have a higher quality of life, GOGLA report 19-09-2019 | 06:42:12
Households using small scale-solar power in East Africa have been found to generate more income, have better health, study more and have a higher quality of life.

Egyptair enters codeshare agreement with United Airlines 19-09-2019 | 06:30:00
EgyptAir has entered a codeshare agreement with United Airlines.

Ghana Cocoa Board signs agreement with China company to establish processing factory 19-09-2019 | 06:17:00
The Ghana Cocoa Board (COCOBOD) has signed an agreement with the China General Technology Group for the establishment of a cocoa processing factory in Ghana.

Smit Lamnalco wins 10 year contract with Coral South FLNG offshore Mozambique 19-09-2019 | 05:46:02
Smit Lamnalco has secured a 10-year fixed term contract with Coral FLNG to provide integrated marine services to the first Mozambique and worldwide deepwater Floating Liquefied Natural Gas facility, the Coral Sul FLNG.

Europa Oil & Gas wins large exploration licence offshore Morocco 19-09-2019 | 05:33:00
Europa Oil & Gas, is pleased to announce that it has been awarded a new Exploration Permit covering an area of 11,228 sqkm in the Agadir Basin, offshore Morocco.

Andersen Global expands into Rwanda 18-09-2019 | 07:02:46
Andersen Global has announced a collaboration agreement with MRB Attorneys in Rwanda. The addition of the Kigali-based firm marks the 16th country with a presence in Africa for Andersen Global.

Mixed-use is the key to funding African hotel development, JLL report 18-09-2019 | 06:49:00
A new report from JLL has revealed that people seeking to finance new hotel projects in Africa will be much more successful if their hotel is part of a mixed-use development.

AUDA-NEPAD Eastern Africa regional office operationalizes in Kenya 17-09-2019 | 13:05:00
AUDA-NEPAD Eastern Africa regional office has been operationalized in Nairobi, Kenya.

[Kenya] Amref Health Africa partners with Sisu Global Health and Surgipharm to improve access to blood 17-09-2019 | 11:07:07
Amref Health Africa in Kenya, Sisu Global Health and Surgipharm have unveiled a partnership to improve access to blood and safer surgical outcomes during medical missions and emergencies in Kenya.

VAALCO Energy announces commencement of 2019/2020 drilling campaign at Etame, offshore Gabon 17-09-2019 | 10:50:00
VAALCO Energy announces that the Company has commenced its 2019/2020 drilling campaign and spud the Etame 9P appraisal wellbore at the Etame field offshore Gabon.

Africa Oil announces second oil discovery offshore Guyana 17-09-2019 | 10:30:26
Africa Oil is pleased to announce a second large oil discovery on the Orinduik block in the Joe-1 exploration well resulting in the opening of a new Upper Tertiary oil play in the Guyana basin.


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