PACCI’s session organized along the ATW 2016 “The Single Window and electronic business standards for handling Import /Export” was opened by H.E Ambassador Francias Yankee, Ghana Embassy in Ethiopia. Nana Dr. Appiagei Dankowasso Managing Director of M&G Insurance Brokers has chaired the Session.
New research released by global travel technology provider, Sabre Corporation, has revealed that African air travel spend is expected to rise 24% with the introduction of the pan-African passport in 2018. The new passport will enable African travelers to visit other countries on the continent without a visa.
In the last three years or so, it’s become almost popular amongst commentators to disparage the African Rising narrative in some way. At a TEDx talk in London not too long ago, Tanzanian billionaire and founder of the Infotech Investment Group, Ali Mufuruki flat out said “Africa is not rising.”
Small and medium businesses in East Africa should be looking at ways to maximise their efficiency and improve debt management to navigate the risks that high interest rates pose for their businesses.
Traditionally, investments from the Arabian Gulf into Africa have focused on North Africa, owing partly to closer cultural ties and the Gulf’s focus on western markets. This scenario is slowly changing and so too are the pan-African investment strategies of Gulf investors.
Choosing trade over aid
Africa needs trade not aid. This has been the reverberating message from many African leaders, economists and business pioneers of late. At this September’s UN General Assembly, Ghanaian President John Dramani Mahama and Senegalese President Macky Sall addressed world leaders with this very sentiment.
Former South African Reserve Bank governor Tito Mboweni has slammed the African Growth and Opportunity Act (AGOA), claiming that the US trade pact has benefited Chinese business owners and stymied African manufacturing capacity.