Source: Ministry of Foreign Affairs of Kenya |

Business Deals, Scholarships and Trade Agreements Goodies from Kenya-Algeria Meeting

The meeting also agreed on an inaugural Algeria-Kenya Joint Commission for Cooperation for March, 2023 in Nairobi

In a high level bilateral meeting held in Oran city, Algeria, Cabinet Secretary of Foreign & Diaspora Affairs, Dr. Alfred Mutua bagged a handful of goodies for Kenya when he met with his Algerian counterpart, the Algerian Minister for Foreign Affairs, His Excellency Ramtane Lamamra. Noting the various opportunities available…

Dépositaire Central/Banque de Règlement (DC/BR)
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    • DC/BR CEO Birahim Diouf and CSD of Ghana CEO Michael Mensah
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Source: Dépositaire Central/Banque de Règlement (DC/BR) |

The Dépositaire Central/Banque de Règlement signs MoU with Central Securities Depository Ghana (GH) LTD to deepen cooperation

The announcement was made at a signing ceremony led by DC/BR CEO Birahim Diouf and CSD of Ghana CEO Michael Mensah

WAEMU Central Depositary/Settlement Bank (DC/BR) (www.BRVM.org) and the Central Securities Depository (GH) LTD are pleased to announce the signing on Friday of a Memorandum of Understanding (MoU) to foster a continuing relationship for the respective benefit of the financial services industry in the Republic of Ghana and West African Economic and…

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

Union of Comoros declares its readiness to ride on the Africa Continental Free Trade Area (AfCFTA) and expand its export base

The finalization of the Comoros AfCFTA Implementation Strategy follows a series of sensitization campaigns and technical review meetings that started early in 2022

Mr Ahmed Ali Bazi, Minister of Economy, Industry, and Investments of Comoros says that there is no doubt the country will soon ratify the Africa Continental Free Trade Area (AfCFTA) to facilitate greater trade opportunities to the rest of the continent as an important option for financing sustainable development.  The…

Source: Parliament of the Republic of Uganda |

Uganda Revenue Authority (URA) urged to sensitise traders on new tax system

Thomas Tayebwa on Wednesday, 07 December 2022 adopted the report of the Committee on Tourism Trade and Industries recommending changes in the invoicing system

Parliament calls for sensitization of traders before the full implementation of the Electronic Fiscal Receipting and Invoicing System (EFRIS). The House chaired by Deputy Speaker, Thomas Tayebwa on Wednesday, 07 December 2022 adopted the report of the Committee on Tourism Trade and Industries recommending changes in the invoicing system. According…

Webb Fontaine
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    • Abu Dhabi Customs launches Artificial Intelligence (AI)-powered Tariff Management & Smart Classification System
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Source: Webb Fontaine |

Abu Dhabi Customs launches Artificial Intelligence (AI)-powered Tariff Management & Smart Classification System

The Smart Classification and Tariff Management System is developed in corporation with Webb Fontaine

Abu Dhabi Customs (ADC), in line with its vision to drive security, trade facilitation, and service excellence, launches new Smart Classification and Tariff Management System, positioning ADC at the forefront of the latest technological developments in the industry. The Smart Classification and Tariff Management System is developed in corporation with…

African Development Bank Group (AfDB)
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    • Bank president Akinwumi Adesina opens a two-day event in Abidjan on tapping the skills and wealth of the African Diaspora
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Source: African Development Bank Group (AfDB) |

Diaspora’s remittances, investment and expertise vital for Africa’s future growth, say participants at African Development Bank Forum

The African Development Bank hosted it in partnership with the African Union Commission, the International Organisation for Migration, and the African Continental Free Trade Area secretariat

Hundreds of academics and leaders of international institutions from around the world came together for an African Development Bank (www.AfDB.org) Forum on ways to harness the skills, wealth and dynamism of Africa’s 160-million-strong diaspora to its growth and development. The hybrid event took place against the difficult geopolitical backdrop of high…

African Development Bank Group (AfDB)
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    • The African Development Bank is providing $300 million to refurbish metre-gauge railway lines in Uganda
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Source: African Development Bank Group (AfDB) |

Uganda: African Development Bank Group commits $301 million to renovate the country’s meter gauge railway and bolster regional trade

The works entail the immediate rehabilitation of 265 km of MGR tracks between Malaba and Mukono, including the line to Jinja Pier and Port Bell on Lake Victoria

The African Development Bank Group (www.AfDB.org) is providing  $301 million to overhaul  the Kampala-Malaba Meter Gauge Railway (MGR) in Uganda. The railway line is part of the East African Community’s Northern Corridor linking the capital, Kampala, to Kenya’s coastal city of Mombasa. The East African Community Railway Rehabilitation Support Project…

Source: African Union (AU) |

United States (U.S)-African Leaders Summit 2022, to Enhance Cooperation on Shared Global Priorities

The summit aims to serve as a demonstration of the Biden administration’s commitment to the African continent

Heads of state and leaders from across the African continent will from 13 to 15 December 2022, converge in Washington D.C., within the context of the United States - Africa Leaders’ Summit hosted by President Joseph R. BIDEN, President of the United States of America. Facilitated by the African Union…

Source: African Union (AU) |

Africa must industrialize: 10 key points that African leaders committed to at the just concluded summit on industrialization and economic diversification

The leaders reaffirmed their determination to ensure that Africa’s industrialization and economic diversification is financed in a predictable manner

With increasingly growing concern over the slow progress in the implementation of the Industrial Development Decades for Africa (IDDA) I, II and III; the Strategy for the Implementation of the Action Plan for Accelerated Industrial development of Africa (AIDA); and other continental strategies and programmes relevant to industrialization, structural transformation…

Source: African Union (AU) |

African Special Economic Zones: Engine for Resilience and Accelerator for Sustainable Industrial Value Chains Development

African Special Economic Zones are considered as one of the main instruments that stimulate economic reforms, promote quality Foreign direct investments (FDIs), and accelerate industrialization across the continent

The African Union (AU) and the Africa Economic Zones Organization (AEZO) are organizing the 5th African Union Symposium on Special Economic Zones, and the 7th edition of the AEZO Annual Meeting from November 30th to December 2nd, 2022, in Abuja – Nigeria, convened under the theme: “African Special Economic Zones:…