For policymakers, this poses a difficult question: is it really worth spending scarce resources on helping firms to take advantage of AGOA, when the deal will end in 10 years? Those 10 years certainly hold immense opportunity, with the US being the world’s single largest consumer market, and seemingly leading the way in a global recovery that remains weak in Europe and is hurting emerging economies.
While Africa - US trade has grown during the period of the deal, the growth has overwhelmingly been in commodities (particularly oil) that do not face serious trade barriers in the first place. And with the end of the commodity boom, even that limited success is in doubt, with oil exports in 2015 being only a tenth of what they were in 2008. Read more. Source | AfDB
- Spotlight on Madagascar: Regaining its Footing with AGOA
- AGOA in Ethiopia - Growing Businesses, Transforming Lives
- Kenya: Building on Past Success and Expanding Opportunities
- Sseko Designs:An AGOA Success Story from Uganda
- Step-by-Step Guide: How to Export, Duty-Free from Uganda to the U.S. under AGOA
- AGOA in Rwanda: Planning for Action
- Resources for AGOA Exporters in Eastern Africa
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The East Africa Trade and Investment Hub to showcase local independent fashion designers during the Nolcha Shows media lounge
The USAID East Africa Trade and Investment Hub has partnered with the Nolcha Shows Fashion Media Lounge to showcase local accessory designers APRELLEDUANY, I AM I, Mafi and Sammy Handmade, at the Bryant Park Hotel.
The USAID East Africa Trade and Investment Hub is the U.S. Government’s flagship project under the presidential Trade Africa initiative, launched in 2013 to boost trade and investment with and within Africa.
Launched in 2014, APRELLEDUANY aim is to expand diversity in the luxury industry while elevating the images of Africa. The brand creates classic investment pieces with iconic silhouettes enhanced with pops of inspiring color and innovative features. Read more. Source | Fashion United
Rwanda has mobilised $10.5 million in export credit guarantees to subsidise production, market entry, financing and insurance costs for its exporters, especially to the US.
In the 2016/17 budget, Finance Minister Claver Gatete announced a $1.2 million allocation to grow the export credit guarantee scheme. Last week, Trade and Industry Minister Francois Kanimba said that entering external markets is costly for small and medium enterprises if they bear all the costs.
“We are looking for ways of sharing these costs,” he said while launching the Rwanda Africa Growth and Opportunity Act (Agoa) Action Plan. The initial plan is to support 30 exporters to sell high-value products in the US market. Read more. Source | East African
The US ambassador to Rwanda and Minicom officials yesterday held a press conference to address travel goods and luggage products that will receive duty-free treatment under generalized system of preferences (GSP).
Reacting to the review, Gilbert Kubwimana, the country director of Songa designers ,a company which deals in handicrafts said,
The transport cost has been high. This is a chance for other enterprises in our country to increase production and boost exports which will enable them access this market.
Read more. Source | Rwanda Focus
Kenya’s Fashion and Textile Industry: The Role of Fashion Designers and Small Tailors in the Fibre to Fashion Value Chain
Kenya’s Fashion and Textile Industry: The Role of Fashion Designers and Small Tailors in the Fibre to Fashion Value Chain is a report done by Equity Bank-Kenya in collaboration with Hivos and the Association of Fashion Designers of Kenya.
The report offers a development strategy, and an action plan to develop and strengthen an inclusive and sustainable Fibre to Fashion value chain in which local fashion designers and small tailors can play a meaningful role on the domestic and global manufacturing and retail scene.
Ugandan shoe company Sseko Designs is a prime example of the difference the African Growth and Opportunity Act (AGOA) can make for African exporters. Sseko designs, makes and exports fashionable footwear and other accessories. It is also a social enterprise that supports girls in Uganda to raise funds for university. The company has grown from five employees to 35 full-time workers in the span of five years. Today, it exports an average of 3,000 pairs of sandals per month, making it the largest shoe exporter in Uganda.
We recently chatted with Ms. Agnes Netunze, Operations Manager at Sseko, about the company and the impact AGOA has had in helping them become more competitive. http://www.youtube.com/watch?v=Sd3XYQdvo9g
Trade development and export promotion organisation ZimTrade is leading a delegation of clothing, textiles and leather companies at the largest trade exhibition in Africa for the sector in Cape Town, South Africa. Source Africa, is an exhibition for mainly African countries, bringing together suppliers, buyers, manufacturers and service providers in one major integrated event.It is being held from June 7 to 9 at the Cape Town International Convention Centre.
Some of the companies exhibiting include Bravette Manufacturing (Truworths), Throttle Clothing, Main Protective Clothing and Samuneti Leathers. There are also representatives from Zimbabwe Clothing Manufacturers Association (ZCMA) and Zimbabwe Textiles Manufacturers Association (ZITMA). Read more. Source | The Herald
The East Africa Exchange (EAX) will soon launch a Sh.200 million grain trade credit line for lending to small scale grain farmers in Kenya, in collaboration with ABC bank.
The initiative will not only give small scale farmers access to affordable credit services from ABC bank; it will also solve the challenges of grain storage through warehouse services, give farmers better access to post-harvest management services, link them with reliable agricultural and financial markets and facilitate competitive pricing for their crops.
The deal is also supported by East Africa’s largest farmer organization, East Africa Farmers Federation (EAFF) which represents approximately 20 million farmers across eastern and central Africa. Read more. Source | FootPrint to Africa
This week, the Hub hosted executives from the Superior Uniform Group (SUG), which is the 4th largest uniform buyer in the U.S. market, on a buyer mission to Ethiopia, Kenya and Rwanda.
SUG designs, manufactures and markets employee uniforms, image apparel, scrubs and patient apparel. The company is seeking to expand its sourcing capacity in East Africa. The Hub's AGOA team pre-selected viable producers in the three countries and helped them to prepare their product portfolios for the mission. The Hub is actively seeking to connect East African producers with U.S. buyers through such missions.