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Djibouti Council of Ministers gives green light for the DPCS to be designated as the national maritime Single Window system

Tuesday, 11 October 2022 22:25

During its 14th session held on 11 October 2022, the Council of Ministers of the Djibouti government examined a series of bills of imminent adoption, including a draft decree on the establishment of the Djibouti Port Community System (DPCS) platform, i.e. a single portal where traders will have to mandatorily complete all formalities relating to import, export and transit operations channeled through the ports of the nation.

AfCFTA process on track, but logistics still remains the main hindrance to movement of cargo

Monday, 10 October 2022 09:11

Movement of goods within the continent remains the biggest challenge for trade under the African Continental Free Trade Area (AfCFTA). Recently, eight African countries started the Guided Trading Initiative to test procedural and documental requirements to export under the new Free Trade Agreement a series of goods considered “commercially meaningful”. These goods include ceramic tiles, batteries, tea, coffee, processed meat products, corn starch, sugar, pasta, glucose syrup, dried fruit and sisal fiber. It is however expected that new products will be added to the list.

Trade assessment report analyses constraints to trade integration of South Sudan with other countries in the Horn

Friday, 07 October 2022 10:03

The Horn of Africa Secretariat published on its website a trade assessment report that analyses the constraints to trade integration of South Sudan with its neighbouring countries in the region. Among the main challenges, the report highlights the poor road infrastructure and insecurity of roads, which hamper the smooth flow of trade, increase cost of doing business and contribute to the weak market integration of South Sudan in the Horn.

Nigeria and Ghana conclude first successful transaction through the Pan-African Payment and Settlement System (PAPSS)

Thursday, 06 October 2022 20:17

The Pan African Payment and Settlement System (PAPSS) is a centralized payment, clearing and settlement system for intra-African trade payments developed by the Africa Export-Import Bank (Afreximbank) which was adopted as the payment and settlement system to support the implementation of the African Continental Free Trade Area (AfCFTA) during the 12th Extraordinary Session of the Assembly of the AU held in Niamey, Niger in July 2018 (Assembly/AU/Dec.1(XII)).

Can e-commerce reduce logistical challenges and costs faced by African traders? How?

Wednesday, 05 October 2022 09:12

The UNECA (United Nation Economic Commission for Africa) 2021 edition of the flagship publication, African Women’s Report: Digital Finance – A Pathway to Women’s Economic Empowerment in Africa, addresses the key challenges that limit the use of digital finance to promote women’s empowerment in Africa. Such challenges include the lack of an enabling environment for digital connectivity (as Africa has a lower rate of mobile and Internet usage compared to other global regions, despite mobile money services spread more than on any other continent), the shortage of prerequisite skills in digital and financial literacy (only around 12 per cent of women possess digital finance-related information and ICT skills, much below the global average) and the exclusion of women from conventional financial institutions and products (as only 33 per cent of them holds a formal bank account, compared with 43 per cent of men).

News

Djibouti Council of Ministers gives green light for the DPCS to be designated as the national maritime Single Window system

AfCFTA process on track, but logistics still remains the main hindrance to movement of cargo

Trade assessment report analyses constraints to trade integration of South Sudan with other countries in the Horn

Nigeria and Ghana conclude first successful transaction through the Pan-African Payment and Settlement System (PAPSS)

Can e-commerce reduce logistical challenges and costs faced by African traders? How?

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