English Arabic French Portuguese Spanish

News

Dear Readers,
I would like to bring to your attention a workshop organized by the Pan African Chamber of Commerce and Industry (PACCI) on the implication of the Foreign Account Tax Compliance Act (FACTA),

Join PACCI, the AU Commission and Africa’s private sector representatives to discuss on the changing nature of trade and find out how your business can identify opportunities and connect to the new continental network being created.

On June 13, two weeks before the United Kingdom voted to leave the European Union, the African Union announced a new “single African passport.”

The Mozambique Chamber of Commerce is a local organization of businesses and companies in Maputo with the intention to develop and further the interests of local companies and businesses in Mozambique .

French auto manufacturer, Peugeot, officially returns to Kenya to begin the assembling of its vehicles, President Uhuru Kenyatta disclosed on Saturday.

The Peugeot Group will team up with Urysia, a local agent for the brand, to assemble its vehicles in the country. This was contained in an assembly licence agreement signed by both parties at the presidency.

The president said he was happy by the momentum that Kenya was driving with respect to the motor vehicle sector. “The investment signed today by the Peugeot Group to locally assemble motor vehicles in our country at a plant which will be announced in due course is most welcome,” he said.

My government will continue to enforce the Buy Kenya Build Kenya policy to support companies and businesses that produce in Kenya. We hope to see many Peugeot cars on our roads going forward - all of them built right here in Kenya, by Kenyans, for Kenyans and the region.

Peugeot becomes the second major auto maker to open an assembly plant in the country after German car maker Volkswagen late last year opened the Thika plant to assemble vehicles locally.

The president whiles lauding the initiative also emphasized that his government will continue to enforce policies that create jobs and also protect Kenyan businesses.

“My government will continue to enforce the Buy Kenya Build Kenya policy to support companies and businesses that produce in Kenya. We hope to see many Peugeot cars on our roads going forward – all of them built right here in Kenya, by Kenyans, for Kenyans and the region,” he added.

At the same event, the government signed a $180 million agreement with the French government to build the Ruiru II Dam and water supply project, as part of a long term mutual relationship between the two countries.

Abdur Rahman Alfa Shaban

On the eve on the signing of the Continental Free Trade Agreement two new trade support or lobbying organizations are vying for the attention of Head of States in Kigali.

  • The Afrochampion Initiative – The website describes the organization as… a set of innovative public-private partnerships and flagship programs designed to galvanize African resources and institutions to support the emergence and success of African private sector multinational champions in the regional and global spheres.

The Initiative focuses on Advocacy on Private-Sector Driven African Integration, Policy Innovations to Drive intra-African Commerce, Corporate Best Practices that Champion Africa, Capacity Building in pan-African multinational management, Corporate Networking, Research, Benchmarking & Knowledge-sharing,

Founded by the advisory firm Konfidants, the organization is Co-Chaired by President Thabo Mbeki and Mr. Aliko Dangote, President and CEO of Dangote Group.

Afrochampion will be in Kigali sponsoring a full Business Day.

 

  • Pan African Private Sector Trade Policy Committee (PAFTRAC) – Initially driven by African Export-Import Bank (Afreximbank), Ecobank Transnational Inc. (Ecobank), International Trade Centre (ITC) and with the blessing of the WTO was left dormant from 2011 until the eve of the CFTA signature. PAFTRAC has come in-force again under the leadership of Afreximbank to become the top voice of the private sector on the CFTA, eventually reporting directly to the Conference of African trade Ministers.

The organization has yet to call its first constituent assembly. Rendez-vous in Kigali is set for March 2018 at the Summit of Head of States to launch the Committee.

The Department of Trade and Industry of the African Union Commission is organizing the fourth Meeting of the Technical Working Groups (TWGs) of the  CFTA from 6-17 November 2017 to consider the draft Texts of the CFTA Agreement, its Protocols and its Annexes.

The Meeting is being attended by Chief Negotiators and Trade experts from AU Member States, Trade Experts from the eight Regional Economic Communities (RECs) recognised by the AU, members of the CFTA Continental Task Force (CTF), African Development Bank (AfDB), United Nations Economic Commission for Africa (UNECA) and United Nations Conference on Trade and Development (UNCTAD).

While welcoming participants, Mr. Edet Sunday Akpan, Permanent Secretary at the Federal Ministry of Industry, Trade and Investment of the Federal Republic of Nigeria, pointed out that the CFTA is a priority agenda for the African Union Assembly.

“It is of vital importance to continue to keep in mind that the CFTA is a significant mandate to the African Union Summit. It is the hope of the leaders that significant achievements are recorded in the near future,” he said.

He reminded the Meeting that the timeline for concluding the CFTA is next month and highlighted the advantages of the establishment of the CFTA and urged participants to do all that is required to be done to finalize their work as the Technical Working Groups. “I am confident that you are up to the task,” he concluded.

In her opening remarks, Mrs. Treasure Thembisile Maphanga, Director for Trade and Industry of the African Union Commission recalled the achievements of the last Session of the CFTA Negotiating Forum in Addis Ababa, in October 2017 and expressed her appreciation for the commitment of the Member States in moving the CFTA forward.

“We have witnessed the CFTA Chief Negotiators confirming their commitment to conclude the CFTA Agreement by end of 2017. They have clearly outlined the benefits that will accrue from the establishment of the CFTA,” she underscored.

She announced that AU Ministers of Trade are expected to meet in Niamey, Niger from 1-2 December 2017 to consider the Draft Texts on the Agreement Establishing the CFTA, Protocols and annexes. The Director for Trade and Industry acknowledged that the assignment ahead of the participants is very critical to the conclusion of the CFTA Negotiations by end of this year.

Mrs Maphanga indicated that the Draft Agreement Establishing the African CFTA should be ready by end of this month together with three protocols namely the Protocol on Trade in Services, the Protocol on Trade in Goods and the Protocol on Dispute Settlement Mechanism. According to her, the Protocol on Trade in Services will have two Annexes, namely, Schedules of Commitments and Regulatory Frameworks. And the Protocol on Trade in Goods will include; Tariff Liberalization Schedules, Rules of Origin, Customs Procedures and Cooperation, Trade Facilitation, Transit and Transit Facilitation, Non-Tariff Barriers, Technical Barriers to Trade, Sanitary and phytosanitary Measures, and Trade Remedies annexes.

Before she concluded, Mrs. Treasure Maphanga emphasized that the journey before Member States is to create One Africa with One Market and One Strong Voice, in line with the AU Agenda 2063’s vision of “an integrated, prosperous and peaceful Africa, driven by its own citizens and representing a dynamic force in global arena”.

“We owe it to ourselves and future generations to create an integrated market that expands opportunity for our socio-economic progress,” she concluded.

In his speech, Amb. Chiedu Osakwe, Nigerian Chief Trade Negotiator and Director-General of Nigerian Office for Trade Negotiations (NOTN) pointed out that the Continent’s best chance to address the dual pressure of the dramatic increases in Africa’s population and associated unemployment pressures, is to create the Single Market for Trade in Goods and Services on the legal and policy framework of the African Continental Free Trade Area (CFTA).

“On the basis of the CFTA Africa can grow intra-African trade, expand investments, modernize our economies, integrate our businesses into regional and global supply chains and hence (create) more jobs for Africans,” he underlined.

He went on and quoted Professor Yemi Osinbajo, Vice-President of the Federal Republic of Nigeria who opened last week the High-Level Forum on Trade and Investment Facilitation for Development, and reaffirmed the core position that: “On the CFTA, there is no plan B for us. We absolutely must succeed!”

“The final stretch is always the hardest part. I am confident that we shall get it done. The stakes in the CFTA are very high and it is a win-win for all our countries,” he concluded.

The 8th Meeting of the Continental Free Trade Area Negotiating Forum (CFTA-NF) will kick off from 20-25 November, 2017 in Abuja, Nigeria to undertake negotiations on the text of the Agreement Establishing the CFTA, undertake negotiations on the Protocols on Trade in Goods, complete negotiations on the Protocol on Trade in Services, and conclude work on several Annexes.

We bring to your attention a call for applications for MSc and PhD Scholarship opportunities at the African Centre of Excellence in Sustainable Agriculture and Agribusiness Management - a World Bank sponsored project (ACE - II) in Egerton University.

Further details are at.

 

CESAAM Advert 2018.jpeg (0,1MB)

CEESAM EGERTON UNIVERSITY Scholarship Advert, 2018.pdf (3,0MB)

Page 38 of 39

The Pan African Chamber of Commerce and Industry was established in 2009 by 35 founding national business chambers to influence government policy and create a better operating environment for business.

Latest Tweets