GIZ African Union’s Post

Opportunity

Opportunity

Stakeholder pressure may have led to its suspension. If the powers that be are to be believed however, we may not have heard the last of the Export and Import (Restrictions on Importation of Selected Strategic Products) Regulations. So is there a case for it? Would this Legislative Instrument, if it sees the light of day, hurt or aid our general economy? What would it signal to the rest of the continent, coming from the host economy of the AfCFTA Secretariat? Join me in this discussion hosted by the Ghana Nigeria Business Council on Thursday 18 April 2024. Please see the flier below for registration details. #EY #GlobalTrade #TradeRestrictions #BetterQuestions #BetterAnswers #BetterWorkingWorld

EXPORTS PROCEEDS TRACKING FRAMEWORK This is a new directive that was announced in September 2023 and Effective January 1st, 2024. This directive will affect all exporters in Zambia. I explain in the video below:

Ghana is betting big on special economic zones [SEZs] to drive industrialisation, boost exports and create jobs, even as experts call for ensuring the benefits are widely shared and integrated with local economies. More here: https://lnkd.in/d-tGggQ4 #BFTOnline #EconomicNews #FinancialNews #BusinessNews

Recently, Thami Ngubeni of Channel Africa and I discussed the ongoing oil imports dispute between Uganda and Kenya. Uganda's UNOC believes that securing the trade license from Kenya granting them the right to import all Uganda's petroleum products makes both economic and strategic sense. Meanwhile, Kenya's stance is that of protecting its middlemen that stand to lose. The dispute highlights the importance of finding a balance between economic interests, mutual benefits, and national strategic goals. While Uganda's stance is of national strategic importance, Kenya's stance is understandable. It is crucial for Uganda to secure a deal that protects its national interests while harnessing economic and diplomatic ties with Kenya. The ongoing dispute emphasizes the need for a comprehensive approach that takes into account the interests of all stakeholders. Take a listen to the interview: https://lnkd.in/dBts-UQz What do you think about this ongoing trade conflict? Let's share our views in the comments. #Uganda #Kenya #petroleum #trade #economics #strategy #UNOC #pau

Trade must continue.

🌍 With 𝗘𝘀𝘄𝗮𝘁𝗶𝗻𝗶, 𝗠𝗮𝗹𝗮𝘄𝗶 and 𝗭𝗮𝗺𝗯𝗶𝗮, three of the twenty-one member states of the Common Market for Eastern and Southern Africa (COMESA in short) will soon be introducing the digital certificate of origin. 📄 The "𝗘𝗹𝗲𝗰𝘁𝗿𝗼𝗻𝗶𝗰 𝗖𝗲𝗿𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗲 𝗼𝗳 𝗢𝗿𝗶𝗴𝗶𝗻" (abbreviated to 𝗲-𝗖𝗼𝗢) covers the entire process from the application over the authorization procedure to the issuing of the proof of origin. The necessary adaptation of the national systems of the first three 𝗽𝗶𝗹𝗼𝘁 𝗽𝗿𝗼𝗷𝗲𝗰𝘁 countries has already taken place. Alongside Eswatini, Malawi and Zambia, twelve other members of the alliance expressed their interest in evaluating the new electronic system in June 2020. More information on the electronic certificate of origin and other projects between Africa and the European Union can be found in the article. #Eswatini #Malawi #Zambia #EU #Africa #certificate #of #origin #customs #trade https://lnkd.in/d7BqTn2y

📣 Our weekly economic outlook on #Nigeria and #Ghana Nigeria 🇳🇬 📉 Nigeria drops from 1st to 4th place among African economies 📊 The naira has appreciated by 34.0% in the last two months, while foreign exchange reserves have fallen by 6.7% in one month to $32.1bn 🛳 The Nigerian Ports Authority obtains a loan for the rehabilitation of Lagos ports 🍺 The HEINEKEN Company announces the temporary suspension of two of its production sites in Nigeria Ghana 🇬🇭 🏛 The payment of the third International Monetary Fund allocation to Ghana is conditional on an agreement with its bilateral creditors, while negotiations for the restructuring of private debt continue 🌍 Government of Ghana announces new measures concerning tax on foreign income of Ghanaian residents 🔬 The ruling party candidate, Dr Mahamudu Bawumia, has announced that he wants to make Ghana a pharmaceutical hub in the sub-region Full version in French ➡ https://lnkd.in/e6_YS288

Did you know The Organisation for the Harmonisation of Business Law in Africa (OHADA) is a regional organization that aims to harmonize business law in its member states. Today, 17 states with over 275 million inhabitants are members of OHADA: * Benin * Burkina Faso * Cameroon * Central African Republic * Côte d'Ivoire * Chad * Congo * Comoros * Democratic Republic of Congo * Gabon * Guinea * Guinea-Bissau * Equatorial Guinea * Mali * Niger * Senegal * Togo This organization plays a significant role in promoting economic development and integration in the region. #OHADA #Africa #BusinessLaw #EconomicDevelopment #Integration