Monday, June 17, 2024
Italian (Italy)English (United Kingdom)

Desiderio Consultants Ltd. is a think tank and a network of independent professional international development consultants established to promote and influence customs & trade-related policies in African nations to achieve trade facilitation reforms aimed at improving international and regional trade
Creativity, Commitment to Excellence, Results

News

African Credit rating Agency starts taking shape

During the 6th Ordinary Session of the African Union’s Specialized Technical Committee on Finance, Monetary Affairs, Economic Planning and Integration (STC-FMAEPI) held from 20 to 21 July 2023 in Nairobi, Kenya, the Committee adopted a declaration to initiate works for the establishment of a private sector-driven African Credit rating Agency based on self-funding and sustaining. STCs are Committees of Ministers or senior officials that work in close collaboration with the various Departments of the African Union (AU) Commission, providing inputs to support the work of the AU Executive Council (a body that, in turns, works in support of the AU Assembly), with regard to thematic areas that fall within their areas of competence. The criteria and the roadmap for the establishment of the African Credit Rating Agency (ACRA) have been discussed by the African Peer Review Mechanism (APRM) and the United Nations Economic Commission for Africa (UNECA) in a two-day retreat in Lusaka, Zambia, that started yesterday, 27 March, and ended today. This represents a very first step in the direction in the establishment of such Agency.

Read more...

UNECA publishes AfCFTA implementation strategies synthesis report

The United Nation Economic Commission for Africa (UNECA) has recently published a report which provides a snapshot of AfCFTA implementation strategies in the continent, with a list of the countries and the Regional Economic Communities (RECs) that have adopted them and a description of their core elements, the process by which they were developed, and experiences of some African states in their implementation.

Read more...

Trade in borderlands and role and role that cross-border markets can play in increasing Intra-Africa trade

To facilitate cross border trade between Zambia and Malawi and other neighboring countries, COMESA has announced the launch of the construction works of a cross-border market for small-scale cross border traders in Chipata, in the Eastern Province, at the frontier with Malawi. The construction of border markets is particularly important in Africa due to the fact that borders are areas of high intensity of trade, because of an historical reason.

Read more...

Free movement of people: can Africa try something different?

An interesting article published on the Brookings Africa Foresight 2024 titled “The whys and hows of the mobility of Africans in Africa” raises the importance for African States to guarantee greater personal mobility across national borders for their citizens, as a condition for the successful implementation of the AfCFTA, and in particular of the Protocols for trade in services and investment, which explicitly require such mobility. The article notes that in Africa there is a lack of enthusiasm for the African Union’s free movement protocol mainly because of the fear, by the wealthiest countries, that masses of economic immigrants from poorer countries will relocate in their territories, in a time when they are already facing social issues, such as poverty and high unemployment. The risk is that such a large influx of low-income people will turn into a "social bomb" capable of causing social welfare systems in these States to collapse.

Read more...

AfCFTA private sector database platform now available on the AfCFTA website

The AfCFTA private sector database is a tool developed by the AfCFTA Secretariat to facilitate the matchmaking between African businesses. It aims at promoting business connections, partnerships, and collaborations among African economic operators that are interested to develop partnerships or collaboration opportunities with other commercial entities in the continent. More precisely, the platform collects data on enterprises involved or willing to engage in intra-Africa trade transactions or in other AfCFTA-related activities (ex. investments, skills training or provision of logistics services), by sharing such data with potential business partners who voluntary register on the platform.

Read more...

More Articles...

Page 5 of 151

5

View Danilo Desiderio's profile on LinkedIn

 

Copyright © 2011

Desiderio Consultants Ltd., 46, Rhapta Road, Westlands, Nairobi (KENYA)