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Reduction of non-tariff barriers as a condition for the success of the AfCFTA

Thursday, 06 January 2022 06:50

A study titled “Potential effects of the African Continental Free Trade Area (AfCFTA) on African agri-food sectors and food security” conducted by the European Union’s Joint Research Centre (JRC) on request of the African Union Commission (AUC) shows that to make the AfCFTA a success, African Regional Economic Communities and national governments have to focus more on reduction of non-tariff barriers, as this can have an impact on the growth of intra-African trade larger than reduction in tariffs.

New WTO report provides recommendations on how to ease trade bottlenecks in landlocked countries

Tuesday, 04 January 2022 13:01

Landlocked developing countries (LLDC) face very high trade costs, which on average, are almost double than those faced by coastal countries, as a result of the lack of territorial access to the sea and isolation from the world’s largest markets, which restrict the free flow of trade and impose constraints on their socio-economic development. The incidence of transport costs and non-tariff measures is also higher in these countries. In 2020, LLDCs suffered a 36 per cent decline in services exports, sharper than in the rest of the world.

Gulu logistics hub promises to shift to railway part of trade traffic between Uganda, Kenya, South Sudan and DRC

Tuesday, 04 January 2022 07:01

A logistics hub under construction in Gulu will transform the Ugandan city in a strategic logistics point for trade between Uganda, Kenya, South Sudan and the Democratic Republic of Congo (DRC) by shifting part of road traffic to railway, as planned under Vision 2040, the strategic master plan for Uganda’s development which aims at developing by 2040 a multi-lane standard gauge railway system with high speed trains for both passenger transport and cargo freights linking Uganda to the Mombasa (Kenya), Dar-es-salaam and Tanga (Tanzania) and Djibouti ports.

Africa, the next frontier of retail

Monday, 03 January 2022 11:58

According to the 2021 Global Retail Development Index published by Kearney, Africa will emerge in the next years as the major retail hotspot on the world scenario. The Continent will progressively shift away from traditional models (represented by the galaxy of small, mostly family-owned retail, including informal businesses, that are current involved in the distribution of products to final consumers), evolving towards modern retail solutions, including large-scale distribution stores and e-commerce, that will offer lucrative investment opportunities to those that will enter into this business, especially in those countries with faster economic growth (economic growth generates more consumption) and a growing middle class, such as Morocco, Egypt, Ghana and Cote d'Ivoire.

Kenyan economy grows at an outstanding rate of 9.9 percent in the third quarter of 2021

Sunday, 02 January 2022 05:57

The Kenya National Bureau of Statistics (KNBS), in its latest Quarterly Gross Domestic Product Report, published in December 2021, reveals that Kenya’s real Gross Domestic Product (GDP) grew at an outstanding rate of 9.9 percent in the third quarter of 2021 (July-September), confirming the good performances of the Kenyan economy in the second quarter of 2021, when the country scored an impressive 10.1 per cent growth of its real GDP.

News

Reduction of non-tariff barriers as a condition for the success of the AfCFTA

New WTO report provides recommendations on how to ease trade bottlenecks in landlocked countries

Gulu logistics hub promises to shift to railway part of trade traffic between Uganda, Kenya, South Sudan and DRC

Africa, the next frontier of retail

Kenyan economy grows at an outstanding rate of 9.9 percent in the third quarter of 2021

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