Uganda targets to become a middle status income country with a projected export performance of more than $8,000 million by 2020.To achieve this, the contribution of exports to Gross Domestic Product (GDP) is paramount. Available data demonstrates the high propensity for Ugandans to engage in import trade and in domestic commerce as opposed to export trade.
Uganda’s export performance is still very low with export to import ratio of 51 per cent. Uganda imports more than what she exports, creating a negative trade balance. Uganda’s total merchandise exports were worth $2.73 billion 2015 while merchandise imports into Uganda reached $6.065 billion in 2015. Trade deficit reached $3.3 billion in 2015. Read more. Source | Daily Monitor
Local farmers now have a new suitor in town after an Estonian high-end coffee firm began a manhunt for Kenyan partners for its gourmet coffee.
Barista and founder of Coffee People Annar Alas said its entry to Kenya follows bilateral agreements signed between Kenya and Estonia enabling commencement of direct trade partnerships.
“We have always purchased Kenya’s best coffees from vendors in European markets and thought it is time we established a presence in Kenya for direct purchases. We are visiting farms to collect samples that shall be subjected to thorough tests ahead of trade agreements’ signing for 2017 green coffee deliveries,” he said. Read more. Source | Business Daily
The government, through hosting both local and international trade shows, helps Rwandan industrialists and other producers to access markets besides promoting awareness about locally-made products, according to Donatien Mungwarareba, a director at Private Sector Federation (PSF).
“Such initiatives encourage production of local products and motivates Rwandans to consume local products,” Mungwarareba added.
He was speaking ahead of the Made-in-Rwanda expo scheduled for December4-20 at the Gikondo Show Grounds in Kicukiro. He said close to 300 exhibitors from different sectors have already registered for the trade fair that is organised by PSF and the Trade, Industry and EAC Affairs Ministry. Read more. Source | New Times
Economic Impact of USDA Export Market Development Programs is a publication of Informa Economics IEG. It evaluates the economic impact of USAID’s Foreign Market Development Program (FMD), and Market Access Program (MAP).
The publication also measures the industry market promotion contributions on the U.S. agricultural exports, the broader effects on the farm economy, and the overall macro economy.
A Technical working-level bilateral meeting was held today between the officials of East African Community and United States Agency for International Development (USAID), on the sidelines of the ongoing 22nd Session of the Conference of Parties (COP22) to the United Nations Framework Convention on Climate Change (UNFCCC) and the 12th Meeting of Parties to Kyoto Protocol (CMP12) taking place in Bab Ighli in Marrakech, Morocco.
The EAC and USAID officials discussed the ongoing projects supported by USAID and noted tremendous milestones being recorded for example in the Planning for Resilience in East Africa through Policy, Adaptation, Research, and Economic Development (PREPARED) project, which has effectively taken root in the region. Other projects include the Aflatoxin Control Programme and the Sanitary and Phytosanitary Programmes meant to ensure high quality agricultural, livestock and fishery products for intra Community trade, regional trade and external trade especially with USA under the AGOA trade facility. Read more. Source | East African Community
Kenya is inching closer to getting a National Trade Policy to address export challenges and boost trade.
The policy is expected to address market access for local goods as the government bridges the trade gap that exists with different markets.
Trade Principal Secretary Dr Chris Kiptoo said on Wednesday that the country’s trade structure has concentrated much on primary products and traditional markets without diversifying to tap new opportunities. Read more. Source | Citizen TV
Rwandan designers Sonia Mugabo and Haute Baso are in Madagascar where they are promoting the Made-in-Rwanda fashion brands, at the annual Origin Africa 2016 Trade Show.
The 7th edition of the continental trade fare started yesterday and ends Saturday at the Forello Centre in Antananarivo (Tana), Madagascar.
Mugabo, 25, is a designer popular for her label SM, which specialises in women and men collection, while Haute Baso is a contemporary Rwandan fashion and accessories brand founded by Candy Basomingera and Linda Mukangoga. Read more. Source | New Times
Non-oil trade between African countries and the US under the African Growth and Opportunity Act (AGOA) is said to have grown from $1.4 billion in 2001 to $4.1 billion in 2015.
The Assistant US Trade Representative to Africa, Florizelle Liser is cited to have said in Cairo, Egypt in the last week that the sectors that had benefitted most from AGOA included automobiles, apparel, footwear, prepared fruits and vegetable, nuts and cut flowers.
Ms Lisser, who was speaking at the African Export-Import Bank maiden Trade and Development Seminar Series, indicated however that, there are constraints affecting the supply-side of the trade relations with the continent, and these, she pointed out include unreliable electricity and transportation, poor ports, lack of transnational highways, and poor access to the Internet, adding that currently Africa accounts for only two per cent of US trade. Read more. Source | Ghana Business News
AGOA 101 is a publication of the USAID East Africa Trade and Investment Hub (The Hub).It outlines the step by step process that Ugandan businesses should take to export to the U.S. duty free through the African Growth and Opportunity Act (AGOA).
Kenya is pushing to increase its market share for coffee in the United States (US) as a means of improving the global visibility of the local commodity.
“Kenya has embarked on an aggressive marketing of her coffee globally. In view of this, the country is set to be the ‘portrait country (main feature)’ during the 2017 Specialty Coffee Association of America (SCAA) Exhibition in Seattle, Washington, US,” said Grenville Melli, interim head of the directorate during a briefing in Nairobi.
The SCAA event provides the largest coffee marketing avenue in the world, where producers meet buyers and consumers. Read more. Source | Business Daily