THE HUB FOR AFRICAN TRADE

25 Mar

Posted at 09:44h in AfCFTA, Kenya Trade news, Latest AGOA News, U.S Africa Trade by
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US Vice President Kamala Harris visits Africa

  March 25, 2023
US Vice President, Kamala Harris, starts this Saturday a week-long trip to Africa in what is being seen as the latest attempt at counterbalancing China's influence. Vice President Harris is expected to visit Ghana, Tanzania and Zambia as she focuses on economic development, climate change, food security and a rising youth population

23 Mar

Posted at 10:32h in AfCFTA, Kenya Trade news, Latest AGOA News, U.S Africa Trade by
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16 Mar

Posted at 09:36h in Latest AGOA News, U.S Africa Trade by
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United States and Kenya to Hold First Negotiating Round under their Strategic Trade and Investment Partnership

  March 16, 2023
WASHINGTON – The United States and Kenya will hold an in-person negotiating round under their Strategic Trade and Investment Partnership (STIP) in Kenya from April 17-20, 2023.  The United States delegation will be led by Assistant United States Trade Representative Connie Hamilton, and will include representatives from several other U.S. government agencies.

14 Mar

Posted at 10:39h in Latest AGOA News, U.S Africa Trade by
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The United States Agency for International Development (USAID) and the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) has launched a new project to benefit 1,500 farmers from 2022 to 2025, based on the ancient practice of crop-livestock integration, which has seen a revival in recent decades.

  The project ‘Enhancing the productivity and resilience of agro-pastoral systems, and income, food, and nutrition security through market-oriented innovations in Niger’ which was launched in January, will focus on the practice of crop-livestock integration to reduce multidimensional poverty while improving nutrition.

11 Mar

Posted at 13:18h in Latest AGOA News, U.S Africa Trade by
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The upcoming visit to Ethiopia by US Secretary of State Antony Blinken has raised hopes for normalization and reengagement. Blinken is slated to meet with Ethiopian officials to discuss a number of concerns and introduce a fresh round of humanitarian aid.

  The secretary of state will travel to Ethiopia and Niger between March 14 and 17, according to a statement issued by Ned Price, spokesperson for the US Department of State. The implementation of the cessation of hostilities signed between the Tigray People’s Liberation Front (TPLF) and the federal government will be high on the agenda. Blinken will also meet with humanitarian partners and civil society actors to discuss humanitarian assistance, food security, and human rights, according to Ned.

03 Mar

Posted at 10:57h in AfCFTA, Kenya Trade news, Latest AGOA News, U.S Africa Trade by
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South Africa is exporting more food. But it needs to find new growth frontiers

  March 03, 2023

South African agricultural exports were up for the third consecutive year in 2022, reflecting favourable production conditions and higher commodity prices. The export numbers for the full year have not yet been published. I have calculated the annual data for 2022 using quarterly trade export statistics published by Trade Map, a trade statistics portal developed by the International Trade Centre, the United Nations Conference on Trade and Development and the World Trade Organisation.

01 Mar

Posted at 09:56h in AfCFTA, Latest AGOA News, U.S Africa Trade by
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The World Customs Organization (WCO) has published a Guide for Rules of Origin under the African Continental Free Trade Area (AfCFTA) agreement

  March 01, 2023

The main objectives of the African Continental Free Trade Area (AfCFTA) agreement are to create a single continental market for goods and services with free movement of business persons and investments, and thus to pave the way to accelerate the establishment of a customs union in the future.

27 Feb

Posted at 13:18h in Latest AGOA News, U.S Africa Trade by
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Implementation of the African Continental Free Trade Area (AfCFTA) will boost the East African economies, according to the World Bank.

“The continental trade protocol is projected to increase real income for East Africans,” said Mr John Bosco Kalisa, executive director of the East African Business Council (EABC).  

21 Feb

Posted at 09:55h in Latest AGOA News, U.S Africa Trade by
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WASHINGTON (AP) — Jill Biden headed for Africa on Tuesday, first stop Namibia, declaring as she departed Washington that she had “a lot to accomplish” during a five-day visit focused on empowering women and young people and addressing food insecurity.

 

jill biden - U.S-Africa trade increasesThe first lady’s visit to Namibia and Kenya is part of a push by the United States to step up engagement with Africa as a counterweight to China’s influence on the continent.

 

Biden, who teaches English and writing at a community college, said she dashed home from class with only an hour to spare before she needed to depart on the trip. She headed out a day before her husband gets back from his surprise trip to Ukraine and a scheduled visit to Poland.

 

“This whole trip will be exciting and we have a lot to accomplish,” she said.

Granddaughter Naomi Biden is accompanying the first lady on the trip.

President Joe Biden told African leaders who came to Washington for a summit last year that the U.S. is “all in” on the continent’s future and announced that he, his wife, the vice president and several members of his Cabinet would travel to Africa this year. He joked that the leaders would get tired of hosting everyone.

16 Feb

Posted at 07:57h in AfCFTA, U.S Africa Trade by
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Three years ago, amid a blaze of optimism, African leaders officially launched a new continent-wide free trade area after 17 years of haggling.

 

African Trade Platform - African leaders to re-initiate free trade zone discussions

But as the leaders travel to Addis Ababa for the annual African Union summit this weekend, transforming the blockbuster pact into reality remains a tough ask. The African Continental Free Trade Agreement (AfCFTA), billed as the biggest free trade accord in the world in terms of population, gathers 54 out of 55 African countries, with Eritrea the only holdout. Two days of talks under the theme "Acceleration of AfCFTA implementation" open on Saturday.   AfCFTA's plan is to boost intra-African trade by 60 percent by 2034 by eliminating almost all tariffs, creating an economic bloc of 1.3 billion people with a combined gross domestic product of $3.4 trillion. African countries currently trade only about 15 percent of their goods and services with each other, compared to more than 65 percent with European countries.   If fully implemented, AfCFTA would lift 50 million Africans out of extreme poverty and raise incomes by nine percent by 2035, according to the World Bank. But implementation has fallen well short of that goal, running into hurdles including disagreements over tariff reductions and border closures caused by the Covid pandemic.
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