Five west African countries have banned some European fuel imports, because they say they are too dirty. Nigeria, Benin, Togo, Ghana and Côte d'Ivoire are introducing stricter standards to cut vehicle emissions and improve air quality in cities.
“Africa is lagging behind the rest of the world, but this is paradoxically an advantage for the region. It approaches development differently and has already taken concrete steps to address the backlog,” says Ludovic Subran, chief economist at Euler Hermes.
With the help of 10 myths, Euler Hermes decrypts reasons why Africa is a special continent of many resources, which will find its way of growing and becoming a key player in the global economy.
The Single Window and Electronic Business Standards for Handling Import/Export- PACCI Workshop
The Africa Trade Forum ended in Addis Ababa Wednesday with Economic Commission for Africa’s Coordinator, David Luke, of the African Trade Policy Centre (ATPC) urging participants to act on conclusions reached in discussions this week as the continent seeks to meet its October 2017 deadline for the implementation of the Continental Free Trade Area (CFTA).
The apparent lack of interest in intra-African trade has taken center stage at an ongoing African investment forum in the Algerian capital, Algiers.
Lowering barriers and tariffs will stimulate the continent’s economies, say leaders
Six years ago it took almost three weeks for a shipping container to travel the 1,100km from the Kenyan port of Mombasa to Kampala, the Ugandan capital. While poor infrastructure did not help, the delays were largely down to the myriad layers of red tape between the two countries. Now that journey is regularly done is seven days.
African countries should align AGOA and their developmental integration agenda - Minister Davies
The Minister of Trade and Industry, Dr Rob Davies has emphasised the importance of export diversification and industrialisation in Africa. He was speaking in Addis Ababa, Ethiopia where he was moderating the Africa Trade Week Panel Discussion on Africa Growth and Opportunity Act (AGOA) and the Continental Free Trade Area (CFTA).