Category: News

Abidjan-Lagos Road Corridor: ECOWAS Takes a New Step with a Validation Workshop on Trade and Transport Facilitation

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The ECOWAS Commission organized a three-day technical workshop to review an interim report on the trade and transport facilitation study for the Abidjan-Lagos road corridor development project. This workshop, held from June 27 to 29, 2024, in Lomé, brought together representatives from member states, regional and international institutions, as well as development partners, to review progress made and agree on a framework for the smooth movement of goods, services, people, and vehicles along the corridor. The main objective of the workshop was to validate the interim report and gather feedback…

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ECOWAS Strives to Revitalize Regional Trade with its New Common Trade Policy

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From July 9 to 11, 2024, Abuja, the Nigerian capital, hosted a crucial meeting of the ECOWAS Technical Working Group on the Common Trade Policy (CTP). This gathering, which brought together trade experts at regional and national levels, aimed to review and amend the CTP draft, an initiative following recommendations from meetings of experts and Ministers of Trade and Industry held in Abidjan last year. The main objective of this meeting was twofold: to finalize the CTP draft and develop its strategic action plan. Once ready, these documents will be…

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BasiGo Rwanda Secures $225,000 Funding to Boost its Charging Infrastructure

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Logis-T Africa – BasiGo Rwanda, a pioneering startup in the field of electric transportation in East Africa, has received $225,000 in funding to modernize its charging infrastructure and support its growing fleet of electric public transport buses in Kigali. This grant, provided by Ireme Invest, the green investment mechanism of Rwanda’s Green Fund, will be used to expand the company’s network of charging stations and offer a more sustainable and environmentally friendly public transport solution to Kigali residents. With this funding, BasiGo also plans to build a charging station capable…

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TUNISIA HAS ISSUED 93 CERTIFICATES OF ORIGIN FOR THE AFRICAN CONTINENTAL FREE TRADE AREA (AfCFTA) AGREEMENT

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Tunisia has issued 93 certificates of origin for the African Continental Free Trade Area (AfCFTA) agreement to export chemical products, agri-food products, and semi-automatic machines to several African countries, primarily Cameroon, Ghana, Tanzania, and Mauritius, according to Bochra Lejmi, Director of Economic and Commercial Cooperation with Africa at the Ministry of Trade and Export Development. In a statement to TAP Agency, the official specified that the chemical products exported to these countries include resin, chemical fertilizers, quicklime, and hydrated lime, as well as agri-food products such as cheese and mustard.…

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A LEAP TOWARDS SUSTAINABLE MOBILITY: CÔTE D’IVOIRE INITIATES A FLAGSHIP BRT PROJECT 

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Logis-T Africa – The Ivorian government has officially launched the construction of the Bus Rapid Transit (BRT) connecting Yopougon to Bingerville, an ambitious project aimed at transforming Abidjan’s urban landscape and significantly improving citizen mobility. During a ceremony marking the start of construction, the Ivorian Prime Minister emphasized the importance of this project within the framework of President Alassane Ouattara’s development vision. The BRT is part of a broader strategy to modernize the urban public transport system of the economic capital. With a total cost of 242 billion FCFA, the…

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Afreximbank Academy to host training programme to assist African Corporates to benefit from the African Continental Free Trade Area (AfCFTA)

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Scheduled to run from 9 to 13 September 2024 in Cairo, Egypt, the training programme which will be delivered in collaboration with the American University in Cairo and the AfCFTA Secretariat will focus on the business implications of AfCFTA African Export-Import Bank (“Afreximbank”) (www.Afreximbank.com) is pleased to announce the launch of an innovative capacity development program designed to empower African corporates to capitalise on the opportunities presented by the African Continental Free Trade Area (AfCFTA). This initiative, spearheaded by Afreximbank Academy (AFRACAD) in collaboration with the AfCFTA Secretariat, aims to…

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DRC : TRANSCO bolsters its fleet with 16 new Mercedes-Benz buses

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Congo’s public transport company, TRANSCO, on Monday took delivery of a new batch of 16 Mercedes-Benz buses assembled in Kinshasa by Suprême Automobile. This acquisition is part of the government’s program to modernize TRANSCO’s fleet and improve the quality of public transport services. The reception ceremony was attended by TRANSCO’s Director General Cyprien Mbere Moba, the Secretary General for Transport, and a representative of the Deputy Prime Minister and Minister of Transport and Communication. Mr. Mbere Moba expressed his gratitude to President Félix Tshisekedi and his government for this crucial…

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2024 SAPICS CONFERENCE –SUPPLY CHAIN COMMUNITY URGED TO “UNLEARN” IN ORDER TO FIGHT CLIMATE CHANGE

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Experts stress that to fight climate change, it is critical to transform supply chains as they produce around 60% of all carbon emissions globally. But while greener supply chains are a growing imperative, the supply chain community is “unengaged” on the topic, according to international author and renowned circular supply chain specialist Deborah Dull. United States-based Dull was speaking at the 2024 SAPICS Conference in Cape Town, Africa’s leading event annual for the supply chain profession. She and supply chain expert Douglas Kent shared the stage to launch their new…

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New South African government tackles logistics challenges to boost economic growth

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The South African government has announced its intention to address the country’s major logistics challenges over the next five years, seeing them as an obstacle to economic growth and development. Transport Minister Barbara Creecy said at the 42nd meeting of the South African Transport Conference that “the South African logistics sector is not functioning effectively either as an economic enabler or as a social service.” In the face of these challenges, the government has set several priorities: Improve key logistics corridors: This involves tackling delays and congestion at strategic transit…

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Afreximbank and BSMART Technology Ltd expand the Afreximbank African Collaborative Transit Guarantee Scheme (AACTGS) to cover container deposits and customs bonds in East Africa.

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African Export-Import Bank (Afreximbank) has signed a facility agreement with BSMART Technology Ltd expanding the Afreximbank African Collaborative Transit Guarantee Scheme (AACTGS) to cover the issuance of container deposit guarantees and customs bonds in the East African Community (EAC) region. Under the terms of the agreement, signed at the just-concluded Afreximbank Annual Meetings (AAM2024) in Nassau, The Bahamas, Afreximbank will issue container guarantees to shipping companies on behalf of BSMART Technology Ltd. On its part, BSMART Technology Ltd will process Bills of Lading and release containers to container users (importers…

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