Aid for Trade (AfT) is one of programmes guiding foreign aid for developing countries. AfT programme has helped in the establishment of supply-side and trade-related infrastructure in developing countries to enhance their trade performance. Since 2010, this funding has helped in developing export infrastructure in some African countries, including Egypt, Ethiopia, Kenya, Morocco and Tanzania with around 35 per cent of total AfT disbursements.
The World Bank, the European Union, and the African Development Bank are the largest providers of AfT to Africa. At a bilateral level, Germany, Japan, the United States, and France are the leading funders. Some new partners have emerged, including Kuwait, the United Arab Emirates, the Climate Investment Funds, and the OPEC Fund for International Development. Read more. Source | New Times
Looking Beyond the Horizon: A Case Study of PVH’s Commitment in Ethiopia’s Hawassa Industrial Park. The story of how the PVH Corp. (referred to throughout this document as PVH) came to lead a group of its top suppliers to build factories and a fabric mill in Ethiopia’s Hawassa Industrial Park (HIP) is the study of a strong collaboration between a private company looking to optimize its business model and a government aiming to transform its economy through global strategic repositioning. The success of this story hinges upon the intersection of their goals and a shared vision of development that includes a strong commitment to social and environmental goals. PVH was motivated to invest in Ethiopia to respond to shifts in the global apparel sector, its growing desire to retool its business model and to address its concerns about compliance with
social and environmental standards in its traditional sourcing locations. PVH had decided to rethink its business model and to look beyond the horizon towards a new region in which to locate its manufacturing base. To have better oversight and enforcement, PVH moved to adopt a fully integrated vertical supply chain, including direct investment in one of the manufacturing facilities.
In selecting the location for its new vertically integrated and socially responsible supply chain, PVH looked for ample suitable land on which its supply chain partners could grow cotton, and sustainable sources of energy with competitive electricity rates for the production of yarn and fabric. The company required the country’s government to be committed to ensuring that relevant laws (worker rights, fire safety, building safety, etc.) would be enforced and that their manufacturers would meet international quality and production standards. Finally, PVH wanted to be an early-mover in this new sourcing market.
The United States and Togo will co-host the African Growth and Opportunity Act (AGOA) Forum in Lomé, Togo August 8-10. The Forum will bring together senior government officials from the United States and 38 Sub-Saharan African AGOA-eligible countries to discuss ways to boost economic cooperation and trade between the United States and Africa. The African Union and regional economic communities will also participate.
The theme of this year’s Forum is “The United States and Africa: Partnering for Prosperity through Trade.” The 2017 Forum will explore how countries can continue to maximize the benefits of AGOA in a rapidly changing economic landscape, and highlight the important role played by women, civil society, and the private sector in promoting trade and generating prosperity.
Representatives from the private sector, civil society, and the U.S.-sponsored African Women’s Entrepreneurship Program (AWEP) will participate in Forum activities August 8-9. The Ministerial plenaries will follow on August 9-10, bringing together senior government officials from the United States and the 38 African beneficiary countries. Read more. Source | US Department of State
From coffee and chocolate to airplanes and oil, two-way trade between the United States and Africa is booming. That’s due largely to a reciprocal free trade agreement called the African Growth and Opportunity Act (AGOA).
Since that law went into effect in 2001, non-oil trade between the U.S. and Africa has tripled.
The theme of the 16th AGOA Forum, to be held in Lomé, Togo, August 8–10, is “The U.S. and Africa: Partnering for Prosperity through Trade. Of particular interest is the importance of women, civil society and the private sector in powering economic growth. Read more. Source | Share America
United States of America has signed a grant that will help train 2,000 Kenyan youth in manufacturing of clothing. The programme sponsored by America’s international development assistance agency USAid will establish seven training centres around the country whose graduates will then be placed in garment-making firms.
An estimated 4,000 candidates will be evaluated for consideration into the programme.
In a bid to benefit from the African Growth and Opportunity Act (AGOA) extension, US companies will now partner with Ugandan companies especially in agribusiness.
The business partnerships are expected to step up Uganda’s production and capacity of the agricultural sector, levels of trade and investment between the two countries.
This was one of the outcomes during the meeting between the US agricultural trade mission and the Private Sector Foundation Uganda stakeholders in Kampala last week. Read more. Source | Daily Monitor
Sustainability will be the main theme for the Africa Sourcing & Fashion Week trade fair later this year in Ethiopia, with a focus on production, the environment and certifications.
The event will take place from 3-6 October at the Millennium Hall in Addis Ababa in cooperation with new partner Messe Frankfurt, with a 'Sustainability in Clothing' conference running parallel to the trade fair. Experts will shine a spotlight on various issues, including that of eco fashion.
H&M, WRAP, GIZ (Society for International Cooperation) Ethiopia and Solidaridad will present sustainable solutions as part of the conference, according to organisers. Read more. Source | Just-Style.com
Kenya’s purple tea received a major boost last week after it debuted at a major US trade fair meant to increase sales of the beverage in the global market.
Kenya has recently become a major source of the tea variety and one of the few countries that grow it. But lack of awareness among potential consumers has kept sales growth in check.
Mr Martin Kabaki, a US-based Kenyan and the chief executive of Kenya Purple Tea, LLC is changing that with direct contracting of Kenyan growers and finding markets for the produce in the US. Read more. Source | Daily Nation
Un atelier visant à familiariser les PME avec l'African Growth and Opportunities Act (AGOA) sera organisé mercredi à Westin Turtle Bay Resort & Spa à Balaclava. Le ministre du Business, des Entreprises et des Coopératives, Soomildut Bholah, et le chargé d’affaires de l’ambassade des États-Unis, Melanie Zimmerman, seront présents pour l’ouverture.
Cette activité réunira une centaine de représentants de la communauté des affaires, des secteurs public et privé, des PME, et des entrepreneuses. L’objectif principal consiste à sensibiliser les participants aux opportunités existantes sous l’AGOA et les informer afin qu’ils puissent mieux comprendre le processus d’exportation et ainsi prendre avantage des possibilités d’affaires. Le but de cette loi, adoptée en mai 2000 par le Congrès américain, est de soutenir l'économie des pays africains en leur facilitant l'accès au marché américain s'ils adhèrent aux principes de l'économie libérale. Read more. Source | Le Mauricien
Comment aller vers le marché américain ? Quels sont les produits à exporter ? Quelles sont les facilités offertes aux entreprises mauriciennes à travers les accords préférentiels ? Autant de questions qui ont été abordées lors d’un « AGOA Preparedness Workshop » pour les Petites et moyennes entreprises.
Permettre à nos Petites et moyennes entreprises (PME) de mieux profiter de l’African Growth and Opportunity Act (AGOA). C’est l’objectif que s’est fixé le ministère de l’Activité économique et des Entreprises. Pour le ministre Sunil Bholah, le marché américain devrait attirer toute notre attention. Read more. Source | Le Defimedia Group