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US private investment in Mozambique exceeded US$16 billion in the past decade, the deputy minister for Foreign Affairs, Nyeleti Mondlane said Thursday in Maputo,

Ethiopian Airlines (ET) is pleased to be recognized as the Official carrier for the African Prosperity Conference scheduled for November 10 - 12, 2015, in Victoria, Seychelles.

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.

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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.

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