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EU-commissioned study identifies 11 Strategic Corridors in Africa where to converge investments

Friday, 27 May 2022 10:59

Within its 2021-2027 programming exercise, the EU Commission (International Partnerships General Directorate) and the Joint Research Centre (JRC), the European Commission’s science and knowledge service, have initiated a project on "Strategic Corridors and Urban Systems in Africa" (CUSA). The purpose of the project is to identify a series of Strategic Corridors in Africa where EU investments can converge in view of supporting connectivity within Africa and between the EU and Africa. A recently published report shows which ones these corridors are, while the second phase of the study (CUSA-2) will focus on their detailed analysis both in terms of spatial and thematic aspects.

Price control in Burundi, learning from the Kenya’s experience

Friday, 27 May 2022 07:06

Burundi continues to face the challenge of creating a free economy and taking advantage of the economic benefits currently enjoyed by other East African Community (EAC) partner States like Kenya. The country, which is perceived as the poorest country in the East African region, is affected by government policies that restrict trade through price controls and strict protection of local productions. An article published on Burundi Eco (in French) argues that Burundi should learn from Kenya's experience.

AfCFTA's success depends on the introduction of efficiencies and improvements in customs processes

Wednesday, 25 May 2022 07:13

A report launched by the World Economic Forum in partnership with Deloitte at the Annual Meeting 2022 in Davos, argues that non-tariff barriers need to be reduced and border and customs services to be improved in Africa through a digital transformation of Customs and border posts. The modernization of customs procedures, observes the report, is among the reforms that are much needed in the Continent and that are expected to deliver the higher benefits in terms of reduction of trade costs across Africa, followed by the upgrading of transport infrastructure and other border agency reforms.

Ethiopia set to open the banking sector to increase inflow of foreign currency

Monday, 23 May 2022 07:35

The National Bank of Ethiopia (NBE) is currently revising the Banking Business Proclamation in order to allow foreign banks to operate in Ethiopia in the hope that this will reduce the permanent foreign currency shortage in the country, which is one of the main challenges faced by the business community in Ethiopia, that affects the day-to-day economic operations of importers, as they can wait even more than one year in order to get foreign currency from an Ethiopian bank so that they can pay their foreign suppliers.

Kenya introduces tariff quota on maize to curb inflation and cushion local consumers against soaring prices

Saturday, 21 May 2022 07:47

With the Gazette Notice No. 5544 published in the Kenya Gazette No.93 of 20 May, 2022, the National Treasury and Planning of Kenya notifies the opening of a tariff quota of 540,000 metric tonnes of maize grain that will be admitted for import in the country without application of any customs duty until exhaustion of the quota. The measure has been adopted to curb inflation in the country and for cushioning local consumers against the soaring prices of maize, that have skyrocketed since the beginning of the Ukraine-Russia war. Kenya is not the only country that has introduced such a measure. A few days ago also Mexico announced the waiver of import duties for one year on a range of household staples, most of them foodstuffs, including wheat flour and white corn.

News

EU-commissioned study identifies 11 Strategic Corridors in Africa where to converge investments

Price control in Burundi, learning from the Kenya’s experience

AfCFTA's success depends on the introduction of efficiencies and improvements in customs processes

Ethiopia set to open the banking sector to increase inflow of foreign currency

Kenya introduces tariff quota on maize to curb inflation and cushion local consumers against soaring prices

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