UNCTAD travelled to Malawi, the United Republic of Tanzania and Zambia to hear from nearly 200 women who eke out a subsistence living on the borderline – between countries, between legal and illegal trading, and often between providing for their households or not.
As most women cross-border traders are breadwinners, empowering them has a beneficial impact on their communities and on the prospects of coming generations. Read more. Source | UNCTAD
The Kenyan Government, through the Ministry of Industry, Trade and Cooperatives, reaffirmed its commitment to diversify its export portfolio.
The move is aimed at leveraging the country’s global industrial competitiveness, and augmenting its Gross Domestic Product (GDP) – key to the realization of Kenya’s development agenda.
Speaking at the 7th Global Commodities Forum held in Nairobi, Cabinet Secretary for Industry, Trade and Cooperatives, Adan Mohamed said that the expansion of Kenya’s export portfolio is central to accessing foreign markets for trade and investment. Read more. Source | East African Business Times
Leaders and policymakers will be navigating a wobbly path starting this morning when the seventh Global Commodities Forum kicks off in Nairobi amid pressure to sustain economic growth momentum in the wake of the dwindling commodity prices.
The forum to be held on the sidelines of the 14th session of the United Nations Conference on Trade and Development (UNCTAD) presents an opportunity for commodity-dependent countries to reset their trade matrices to avoid a looming economic storm.
Ministry of Industrialisation Secretary Adan Mohamed said,
Participants will discuss how commodity-dependent countries can adapt to lower commodity prices and shrinking demand
Of significance is that UNCTAD is the UN agency set up “to promote trade, investment, and development in developing countries.”
As with other UN periodic conferences, UNCTAD14 is essentially a large summit conceived in such a way that there are mini-conferences under one roof.
Delegates will be guided by the theme From Decision to Action: Moving Toward an Inclusive and Equitable Global Economic Environment for Trade and Development. Read more. Source | Business Daily
“A 38 per cent jump in flows, to $1.76 trillion dollars, gives hope that global FDI is at long last returning to a growth path. But we are not yet out of the woods," UNCTAD Secretary-General Mukhisa Kituyi said.
Globally, that jump shows that the FDI recovery was strong in 2015. A surge in cross-border mergers and acquisitions to $721 billion, from $432 billion in 2014, was the principal factor behind the global rebound. Those acquisitions were due to large corporate reconfigurations by multinational enterprises, including shifting their headquarters, for strategic reasons and for tax inversion purposes.
FDI flows to Kenya reached a record level of $1.4 billion in 2015, resulting from renewed investor confidence in the country’s business climate and booming domestic consumer market. In Southern Africa, inflows to Angola reached $8.7 billion largely due to intracompany loans, while lacklustre economic performance pushed FDI in South Africa to $1.8 billion – the lowest level in 10 years. Read more. Source | UNCTAD
Global trade and investment rules will top the agenda for the upcoming United Nations Conference on Trade and Development (Unctad) XIV to be held in Nairobi in two months.
The meeting themed “Translating Agenda 2030 Decisions into Actions”, will take place from July 17-22 at the Kenyatta International Convention Centre.
A brief of the agenda for the conference seen by the Nation says,
This is the first Unctad conference after the adoption of Agenda 2030 and sustainable development goals in September 2015. It will, therefore, seek to operationalise the synergies that exist between various outcomes, including the 10th World Trade Organisation Ministerial Conference, COP21 on Climate Change, as well as the International Conference on Financing for Development in Addis Ababa, last year.
Read more. Source | Daily Nation