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Source: Africa Oil & Power Conference |

Germany advances as Major Player in Pan-African Trade and Investment

The Germany-Africa Business Forum (GABF), Africa Oil & Power and the African Energy Chamber co-hosted the webinar as part of a GABF cooperation-focused series

“Investment and Trade for Africa’s Economic Development” – a public webinar held on Wednesday – targeted opportunities for cross-border collaboration between Africa and Germany; the African Export-Import Bank announced its plans to sign a Memorandum of Understanding with German car manufacturers to establish an automotive industry in Africa; the Germany-Africa…

Source: Food and Agriculture Organization (FAO) |

Global trade in food and agricultural products more than doubles in last two decades

Trade and markets can spur sustainable development and strengthen resilience to shocks

Global agri-food trade has more than doubled since 1995, amounting to $1.5 trillion in 2018, with emerging and developing countries' exports on the rise and accounting for over one-third of the world's total, according to a new report issued today by the Food and Agriculture Organization of the United Nations…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation Signs US$5 million Murabaha Financing Facility to support SMEs in Maldives

ITFC partnership will enable Bank of Maldives, the country’s leading financial institution, to provide financial support to SMEs

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, has approved a US$5 million Murabaha Financing Facility in favour of Bank of Maldives to support the Bank’s private sector businesses, particularly SMEs importing raw materials from the international markets. Bank of Maldives is…

Source: African Energy Chamber |

CNN’s Eleni Giokos to moderate discussion on German-African business relations with Chancellor Merkel’s Africa Envoy

The webinar will be held on 23 September at 15h30 CET

The discussion will be centred on the topic: Investment and Trade for Africa's Economic Development; Co-moderated by the Germany Africa Business Forum and spearheaded by H.E Günter Nooke, Africa Envoy to Chancellor Merkel, the discussion also includes NJ Ayuk, Chairman of the African Energy Chamber (www.EnergyChamber.org) and René Awambeng of…

African Energy Chamber
Source: African Energy Chamber |

Mozambique LNG Project Could Be Transformational for Mozambique - If Western Environmentalists Don’t Interfere (By NJ Ayuk)

Mozambique’s first onshore LNG plant would be creating tens of thousands of jobs - and contributing to sustainable, long-term economic growth

By NJ Ayuk, Executive Chairman, African Energy Chamber (www.EnergyChamber.org) When Anadarko Petroleum Corp. confirmed last year it would be constructing a $20 billion liquified natural gas (LNG) plant in Mozambique, this was major news. Mozambique’s first onshore LNG plant would be creating tens of thousands of jobs - and contributing to…

Source: African Union (AU) |

African Leaders for Nutrition (ALN) Initiative Embedding Nutrition within the Covid-19 Response and Recovery

COVID-19 Position Paper

Background The coronavirus (COVID-19) pandemic has created a major global health and economic shock with unprecedent impacts on people’s health, nutrition and livelihoods. As a result of the pandemic, Africa is likely to experience negative economic growth primarily as a result of the sharp decline in productivity, jobs and revenues.…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

AFREXIMBANK and International Islamic Trade Finance Corporation (ITFC) Partner with ARSO to Facilitate Intra-African Trade in Pharmaceuticals and Medical Devices, under the Umbrella of the AATB Program

The new initiative aims to harmonise African standards for pharmaceuticals and medical devices thereby enhancing intra-African trade, reducing substandard counterfeit products, and building resilient regional health systems

The African Export-Import Bank (Afreximbank) and the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), have partnered with the African Organisation for Standardisation (ARSO), to launch a new Arab-Africa Trade Bridges Program (AATB) initiative called the Harmonisation of Standards for Pharmaceutical and Medical Devices in Africa, aimed at promoting the quality…

African Energy Chamber
Source: African Energy Chamber |

Senegalese President Macky Sall is right about African Debt Relief - and the G20 shouldn’t stop there (By NJ Ayuk)

The Senegalese leader urged members of the G20 group of countries to continue helping African nations balance their obligations to creditors with their obligations to their own citizens in the face of a deadly pandemic

By NJ Ayuk, Executive Chairman, African Energy Chamber (www.EnergyChamber.org). “Flatten the curve.” Do you remember that phrase? It was on everyone’s lips back in the spring, when the novel coronavirus (COVID-19) pandemic began rampaging across the world in earnest. At the time, the idea was that the best way to…

Source: United Nations Economic Commission for Africa (ECA) |

Coronavirus - Africa: New ECA report calls on governments to harmonize trade & cross-border policies

The report recommends that African nations should cooperate and harmonize COVID-19 border regulations to reduce delays

The Economic Commission for Africa (ECA) on Thursday launched a new COVID-19 cross-border trade report urging governments on the continent to adopt and harmonize policies that will help continent strike an appropriate balance between curbing the spread of the virus and facilitating emergency and essential trade. Titled Facilitating cross-border trade through…

Source: Pan-African Private Sector Trade and Investment Committee (PAFTRAC) |

Pan-African Private Sector Trade and Investment Committee (PAFTRAC) challenges WTO to hear Africa’s voice

Agriculture subsidies and non-tariff barriers highlighted as a specific hindrance to development

Communiqué sets out a road map for WTO reform; Communiqué calls for development to be at the centre of WTO reform; Agriculture subsidies and non-tariff barriers highlighted as a specific hindrance to development. Following a meeting convened by the Pan-African Private Sector Trade and Investment Committee (PAFTRAC) and hosted by…