Month: June 2022

AfCFTA To Encourage Use Of Local Currencies To Boost Trade

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The African Continental Free Trade Area (AfCFTA) on Tuesday said it will promote the use of local currencies in order to boost trade amongst African countries. Prudence Sebahizi, the Chief Technical Advisor at the AfCFTA Secretariat told journalists in Nairobi, the capital of Kenya that currently most intra-Africa trade is settled using the U.S. dollars. “With the use of local currencies, the number of financial transactions will increase while the time it takes to make payments will reduce thereby boosting trade amongst African states,” Sebahizi said during the EABC-Trade Mark…

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THE GAMBIA ASSUMES LEADERSHIP AT REGIONAL MARITIME UNIVERSITY (RMU)

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The Gambia has taken over the role of Chancellorship and Chairmanship of the Regional Maritime University (RMU) based in Ghana. This announcement came up at the 27th Board of Governors meeting held in Accra on Saturday 11th June, 2022. The meeting which accorded the Board the opportunity to review activities of the University, consider programmes and projects for further improvement and the proposed budget for 2023 was attended by ministers and officials of the RMU Member States and distinguished personalities of Ghana… read more

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Senegal: The Great Trains of Senegal (Gts-Sa), to use the Indian experience to revive rail transport

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On a visit to India last week, the General Manager of GTS-SA, Mr. Samba NDIAYE, signed in the presence of Mr. Mayacine Camara, Secretary of State in charge of the Railway Network, a partnership agreement with the Executive Director of the RITES-LTD Company, a subsidiary of Indian Railways. This partnership aims to benefit from the expertise of India, a country where rail transport is widely used as a means of public transport, for the effective revival of rail transport in Senegal. “The MoU with Grands Trains DU, Senegal, will pave…

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BOLLORÉ TRANSPORT & LOGISTICS CAMEROON OPENS KRIBI LOGISTICS HUB, A NEW 24,000 M2 LOGISTICS BASE

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On 8 June 2022, Bolloré Transport & Logistics Cameroon opened Kribi Logistics Hub, a modern logistics base with a total area of 24,000 m2. Located close to the Kribi Container Terminal (KCT), this platform is designed to receive, store and deliver goods for both import and export. More than 4 billion CFA francs (nearly €6 million) have been invested to launch the first phase of the project, with a total budget of 7 billion CFA francs (more than €10 million). The works for this first phase lasted 18 months and were…

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