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All-Star Baristas Dazzle AFCA Participants and Inspire Industry Growth

Published on February 16, 2017

Lem_showing_small.jpegTwelve twenty-something aspiring Ethiopian baristas crowd around a small coffee station toward the back of the African Fine Coffee Association (AFCA) Conference exhibition hall. A tall American man with dreadlocks is confidently grinding and pressing coffee beans to pull the perfect espresso shot. A Kenyan coffee seller gushes that he is her favorite “all-star” barista. She has seen him perform at another world coffee event.

The all-star baristas are expert coffee-drink makers from the U.S. who have won accolades for their craft. In the specialty coffee industry, they are celebrities. The Hub supported three all-star baristas to make the journey to the AFCA Conference in Ethiopia. The goal: train, inspire, and build the connections between coffee buyers and sellers that drive industry growth.

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Rwanda’s Private Sector Prepares for Bilateral Negotiations with Kenya to Remove Trade and Investment Barriers

Published on February 15, 2017

The Hub is partnering with Private Sector Federation Rwanda (RPSF) to accelerate implementation of the EAC Common Market Protocol. With support from the Hub, RPSF convened the country’s National Technical Committees on February 15 in Kigali, Rwanda for a peer-to-peer dialogue in preparation for the upcoming Kenya-Rwanda private sector-led negotiations; the objective was to jointly advance a more favorable policy environment for trade and investment between Kenya and Rwanda. The dialogue focused on reviewing key trade and investment obstacles between the two countries and proposed a series of reform measures that each country’s private sector has prioritized for removal in the other partner state. These consultations were in collaboration with their Kenyan counterparts from the Kenya Private Sector Alliance (KEPSA).

 

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Former UN Secretary General Encourages Youth Participation in Economic Growth at AFIF 2017

Published on February 15, 2017

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On February 15, the Former UN Secretary General Ban Ki-moon delivered a keynote speech at the Africa Finance & Investment Forum (AFIF) 2017 where he encouraged the youth to be active members in contributing to economic growth in the African continent.

“Think of the young entrepreneurs who are leading the world, think of what to do instead of complaining. Young people it’s your time to lead. Women and youth are the game changers. We can harness the power of young people by giving them the opportunities,” Mr. Ban Ki-moon added.

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New on our Knowledge Center: The Role of Financial Services in Society - Understanding the Impact of Technology-Enabled Innovation on Financial Stability

Published on February 14, 2017

Capture.PNGThe Role of Financial Services in Society: Understanding the Impact of Technology-Enabled Innovation on Financial Stability is a publication of the World Economic Forum.

It articulates key findings from a series of interviews and roundtables held with leaders from established and emerging providers of financial services, experts, and policymakers focused on technological transformation taking place in financial services.

The publication also summarizes key opportunities and challenges created by technology-enabled innovation, and proposes recommendations aimed at safeguarding financial stability and fostering innovation for the public and private sectors to consider.

It is a useful resource for a range of senior stakeholders from across the financial sector, including traditional financial institutions, financial policy-makers, academics, and civil society, as well as non-traditional actors such as technology companies and start-ups.

Visit the Knowledge Center for this report and more.

Accelerating Implementation of the EAC Common Market Protocol in Tanzania

Published on February 10, 2017

The Hub is partnering with Tanzania Private Sector Foundation (TPSF) to accelerate implementation of the EAC Common Market Protocol. As part of this partnership, TPSF convened a Hub-funded public- private dialogue meeting on the implementation of protocol on February 2. The dialogue focused on assessing the status of implementation of Tanzania’s commitments to free movement of services, specifically engineering services –a vital sector for the growth of manufacturing. Participants at the meeting noted that although Tanzania committed to liberalize engineering services, there are still several measures that operate against professionals seeking engineering opportunities in Tanzania.  The session was attended by members of the National Implementation Committee (NIC), and the National Monitoring Committee on the elimination of Non-Tariff Barriers, and other stakeholders from both the public and private sectors. 

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Hub Prepares Tanzania Businesses for Export through AGOA

Published on February 09, 2017

Eighty Tanzanian businesses participated in the Hub’s African Growth and Opportunity Act (AGOA) Preparedness Workshop on February 7 in Dar es Salaam. Hub advisors and local partners provided participating businesses with practical knowledge on how to maximize opportunities through AGOA. Permanent Secretary for the Ministry of Industry, Trade and Investment Professor Adolf Mkenda officially opened the workshop alongside representatives from the U.S. Mission in Tanzania and the U.S. Mission in Kenya/East Africa. Permanent Secretary Professor Mkenda emphasized the Tanzania government’s commitment to ensure full utilization of AGOA by Tanzanian businesses.

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New on our Knowledge Center: The Inclusive Growth and Development Report 2017

Published on February 09, 2017

Capture.PNGThe Inclusive Growth and Development Report 2017 is a publication of the World Economic Forum. It seeks to improve our understanding of how countries can use a diverse spectrum of policy incentives and institutional mechanisms to make economic growth more socially inclusive without dampening incentives to work, save and invest.

The report presents a new global index, the Inclusive Development Index (IDI), providing a richer and more distinct assessment of countries’ level of economic development than the conventional one based on GPD per capita alone.

It also provides a policy framework showing the many factors that can drive a more inclusive growth process.

Visit the Knowledge Center for this report and more.

Five East African Home Decor Businesses to Display at German Trade Show

Published on February 07, 2017

Africa_makers.jpgThe Hub is proud to support five East African home décor companies at this year’s Ambiente Trade Show, February 10- 14 in Frankfurt, Germany.

The Hub-supported companies are similar in that they meld traditional African influences with modern flair; they are also export-ready with the capacity to deliver high-quality, custom products on time to international buyers.

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Hub Signs Grant with EAGC for Improved Grain Trade

Published on February 07, 2017

IMG_2109.JPGOn February 6, the Hub signed a grant with the Eastern Africa Grain Council (EAGC) to support the implementation of  the  East African Community (EAC) staple foods quality standards. The 2013 gazetted standards do not meet the needs of all stakeholders according to a study conducted by the EAGC. To address these gaps and ensure consistent implementation going forward, the EAGC has partnered with the EAC secretariat and the private sector to revise these standards. This grant will support the completion of the revision of the EAC staple foods quality standards  and the development of the sampling, testing and grading guidelines. EAGC will consolidate feedback from the public view, organize editorial meetings and present the draft EAC 2016 staple food standards to the EAC standards committee for review with the aim of adoption in October 2016 at the EAC Council of Ministers.

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Kenyan SMES Prepare for Large U.S. Trade Show

Published on February 02, 2017

On January 31, the Hub held a readiness-training workshop for 30 Kenyan business people who will participate in the Hub-supported African Pavilion at Sourcing at MAGIC, the largest apparel trade show in the U.S. Hub advisors and a MAGIC advisor outlined what to expect at MAGIC and advised on how to make productive business linkages. 

The workshop was extremely useful in providing information on what to expect at MAGIC. I anticipate that the opportunity to exhibit at Sourcing at Magic will provide us with the opportunity to connect with private labels seeking suppliers as well as create visibility of our products and open up opportunities in the U.S market,” said Njoki Chege, the founder of Eleleck.

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