Category: News

WOMEN AND TRADE : WTO and EIF host discussion on trade policy and women’s economic empowerment

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An event titled “A joint conversation on women’s economic empowerment”, hosted by the WTO and the Enhanced Integrated Framework (EIF) on 26 March, provided a platform to showcase recent advances and initiatives aimed at addressing gender inequality in trade and fostering women’s empowerment. Speakers at the event presented recent developments concerning trade and gender. The WTO’s Trade and Gender Office highlighted three member-led outcomes on trade and gender from the 13th WTO Ministerial Conference, marking a significant milestone in advancing gender-responsive policies. Anoush der Boghossian, the Head of the WTO’s Trade and Gender Office,…

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Kenya Airways Takes Flight Again: Records First Profit Since 2017

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Kenya Airways (KQ) has finally turned a corner, emerging from a period of financial turbulence to record a significant milestone in its turnaround journey. The national carrier announced a KSh 10.5 billion operating profit for the year ended December 31, 2023. This achievement marks the airline’s first profitable year since 2017, signifying a remarkable comeback. “These figures highlight the airline’s remarkable performance over the year and provide encouraging signs of continued recovery within the air transportation sector,” said Kenya Airways Chairman, Michael Joseph. Project Kifaru Takes Off This positive shift…

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Togo : The Arab Africa Trade Bridges Program (AATB) launches Training Initiative to Boost the Transport & Transit Sector

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Le Programme Arab Africa Trade Bridges (AATB) lance une Formation destinée à dynamiser le Secteur du Transport et du Transit au Togo

The objective of this training is to equip trainers with the necessary skills to conduct high-quality educational sessions for professionals in the transport and transit sector The General Secretariat of the Arab Africa Trade Bridges (AATB) Program, a multi-donor, inter-regional program, launched in collaboration with Togo’s Ministry of Road Transport, Air, and Rail an initiative aimed at empowering Togo’s transport and transit sector. The “Training for Trainers” initiative is expertly facilitated by the International Road Transport Union (IRU) in Lomé, Togo.   The objective of this training is to equip…

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PORT AUTONOME DE POINTE-NOIRE : Construction of Two Maritime Quays Progressing Perfectly and Could Be Completed by September 2024

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In order to increase its ship reception capacity and maintain its leadership in Central Africa, the Port Autonome de Pointe-Noire (PAPN) has been undertaking the construction of two maritime quays on the eastern side of the existing port basin since 2021. An agreement was signed with the company RAZEL-BEC, which was awarded the contract for this project financed by the French Development Agency (AFD). Begun in July 2021, the construction of these two infrastructures responds to the desire of the port authority to ensure that the PAPN meets the new…

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Nissan Africa: New Leadership and Renewed Ambitions

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Jordi Vila takes over as President of Nissan Africa, succeeding Joni Paiva who is rejoining the Renault Group. Japanese automaker Nissan has announced the appointment of Jordi Vila as President of Nissan Africa. Mr. Vila replaces Joni Paiva who, after 11 years at Nissan, is returning to the Renault Group. The appointment of Mr. Vila as head of Nissan Africa marks a new era for the company on the continent. With his experience and ambitious vision, Mr. Vila is well-positioned to lead Nissan Africa towards a promising future and sustainable…

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South Korea Seeks to Strengthen Trade Ties with Three African Nations

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The Ministry of Trade, Industry and Energy said Wednesday it has discussed ways to expand trade cooperation with three African countries by concluding Economic Partnership Agreements (EPAs). Trade Minister Cheong In-kyo met with the ambassadors of Morocco, Tanzania and Kenya in Seoul to discuss ways to strengthen economic ties between South Korea and Africa, the ministry said. An EPA aims to establish a mutually beneficial trade network with partner nations beyond simple market opening, though it has a more limited scope compared to a traditional free trade agreement (FTA). South…

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Uber Invests $100 Million in Moove, an African Mobile Transportation Solutions Platform

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Uber investit 100 millions de dollars dans Moove

Ride-hailing giant Uber has announced a $100 million investment in Moove, an African startup specializing in vehicle financing solutions. This transaction, which marks Uber’s first venture capital investment in Africa, aims to support Moove’s growth and facilitate vehicle ownership for Uber drivers across Africa. Founded in 2015, Moove offers innovative and affordable financing solutions to taxi and motorcycle drivers, enabling them to purchase new and used vehicles. The startup uses artificial intelligence technology to assess the creditworthiness of customers and offer them financing plans tailored to their needs. Moove currently…

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DP World Hits Back at Djibouti Share Purchase

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DP World, in a statement released by the government of Dubai, has announced that it will continue to pursue all legal means in its dispute over the Doraleh Container Terminal (DCT), following what it calls “Djibouti’s blatant disregard for the rule of law”. The statement is in response to the Djiboutian government’s announcement, on September 10, that it will nationalise all shares held by the Port of Djibouti, S.A (PDSA) in the DCT…. read more on maritimafrica

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Afreximbank’s Fund for Export Development in Africa inaugurates Kigali office with eye on addressing Africa’s $110 billion equity financing shortfall

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The African Export – Import Bank (Afreximbank) has officially unveiled its Fund for Export Development in Africa (FEDA) office in Kigali, Rwanda. FEDA was established to tackle Africa’s US$110 billion financing gap for intra-African trade, value-added export development, and industrialisation value chains, with Rwanda being the first among fifteen African nations to ratify its establishment agreement. The event was graced by the Right Honourable Dr. Edouard Ngirente, the Prime Minister of the Republic of Rwanda who was accompanied by the President and Chairman of the Board of Directors of Afreximbank,…

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Royal Air Maroc Expands Its Wings, with three New Destinations 

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Royal Air Maroc (RAM) is continuing its expansion with the opening of three new air routes from Casablanca, connecting the city to Naples, Manchester, and Abuja. This initiative is part of the airline’s development plan and aims to meet the growing demand of travelers and strengthen RAM’s position on the international market. Starting June 22, 2024, passengers will be able to enjoy direct flights to Naples, Italy. Two frequencies per week (Monday and Saturday) will be available, offering a convenient alternative for business travelers and tourists. This new link will…

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