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Tripartite Free Trade Area plods along slowly in Africa
Trade between African nations has long been outstripped by intra-regional trade in other parts of the world – for Africa as a whole, intra-regional trade is between 10% and 13% of total trade. This is far lower than in regions such as the EU, where about 60% of trade is between member states, and the Association of South-east Asian Nations, which has a rate of about 25%. Intra-regional trade in North America is put at about 40%.
However, the ratification of the Tripartite Free Trade Sector(TFTA) – potentially later in 2017 – could help change that and push the development of additional intra-regional trade increase. A pan-regional free-trade zone, the TFTA stretches from Cairo to Cape Town and encompasses 26 African nations.
Africa’s Tripartite Free Trade Area would reduce regional tariffs and create a pan-African single market, to aid development and cash in on a growing middle class in the continent. But with member countries often belonging to multiple economic areas, progress is both complex and slow, as Kit Gillet reports.
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Global economic gravity rapidly pulling towards Africa
The second International Conference on the Emergence of Africa (ICEA) was held in Abidjan, Côte d’Ivoire, in March 2017.
Since the initial conference in 2015 — at a time of robust economic increase on the continent — hopes for economic evolution have dimmed because of a crash in the price of commodities, volatile world financial markets and a slowdown in world increase. Before departing New York to attend the second ICEA conference, jointly organised by the World Bank, the African Development Bank and the United Nations Development Programme (UNDP), Assistant Secretary-General of the UN and chief of UNDP’s Regional Bureau for Africa Abdoulaye Mar Dieye sat down for an interview with Africa Renewal’s Kingsley Ighobor to talk about Africa’s economic development opportunities and challenges.
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How to boost private sector investment in Africa’s electricity infrastructure
A new World Bank statement has called for increased private sector investment in Africa’s under-developed electricity transmission infrastructure, a vital ingredient for reaching Africa’s energy goals.
The statement which was made available to the Ghana News Agency on Thursday by the World Bank indicated that Africa lags behind the rest of the world at the same time as it comes to electricity, with just 35 % of the people with access to power and a generation capacity of only 100 GW.
According to the statement those who do have power typically consume relatively little, face frequent outages and pay high prices.
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- Key Facts
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Département Dakar
Settled 15th century
Communes d'arrondissement 19
Government
• Mayor Khalifa Sall (2009)[1] (BSS/PS)
• Regional president Abdoulaye Wade (since 2002)
Area
• City 82.38 km2 (31.81 sq mi)
• Metro 547 km2 (211 sq mi)
Population (31 December 2005 estimate)
• City 1,030,594
• Density 12,510/km2 (32,400/sq mi)
• Metro 2,452,656
• Metro density 4,484/km2 (11,610/sq mi)
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Climate change laws around the world
2017/05/14There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.
The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.
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Classroom at the rural primary school Ecole Keur Madaro near Thies, Senegal.
2016/05/28Over the last 15 years, West African governments and the international community have been successful at expanding access to primary schooling and from presently on, a ground-breaking regional learning assessment has revealed that the quality of education has remained elusive. The majority of children surveyed were not acquiring the basic literacy and math skills that are crucial for building human capital in the region.
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Senegal’s sole refinery, the Société Africaine de Raffinage (SAR)
2014/08/16A feasibility study outlining the profit-making potential of Senegal’s sole refinery, the Société Africaine de Raffinage (SAR), has convinced the government to keep the ageing facility running.
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Senegal Year in Review 2013
2014/03/05In the nearly two years since the election of President Macky Sall, Senegal has made steady evolution in rolling out a number of new initiatives, paving the way for continued increase. Mining and agriculture received the majority attention from policymakers and investors in 2013, and they remain the sectors with the strongest short-term job creation and revenue potential.
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Edoh Kossi Amenounve is chief executive of the Bourse Régionale des Valeurs Mobilières.
2014/01/14Francophone west Africa’s regional stock exchange, the BRVM, suffers from low turnover and a lack of listings. But its chief executive tells Paul Wallace he is determined to change that and bring about closer ties with Nigeria and Ghana’s stock markets.
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André Froissard, Managing Director of Compagnie Sucrière Sénégalaise (CSS)
2015/12/02André Froissard, Managing Director of Compagnie Sucrière Sénégalaise (CSS), discusses the sugarcane company’s extraordinary agribusiness success in Senegal, challenges to the country’s agriculture sector, and its Plan Sénégal Émergent (PSE) roadmap to self-sufficiency.
What can you tell us about your strategy to reach 200,000 tons for the year 2020 and thus be able to export in the sub-region?
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Francis Okoh, Commercial Director, Dolphin Telecom
2014/01/01Francis Okoh the Commercial Director at Dolphin Telecom is a round peg in a round hole. The man, who is responsible for implementing sales and marketing strategies inclunding managing customer relations across West Africa, is a guru with business agreements with operators.
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Outlook for 2013-17
2013/10/10The country (Senegal) is located in Western Africa, bordering the North Atlantic Ocean, between Guinea-Bissau and Mauritania. It has borders with Gambia for 740km, Guinea for 330km, Guinea-Bissau for 338km, Mali for 419km and Mauritania for 813km.
Land in Senegal is generally low, rolling, plains rising to foothills in southeast.The climate varies to tropical and hot and humid to a rainy season (May to November) and strong southeast winds. The dry season (December to April) is dominated by hot, dry, harmattan wind.
Overview
Having subsided next the peaceful presidential transition, political and social tension is likely to remain low, safeguarding Senegal's democratic credentials. Assuming that the electricity supply improves and foreign direct investment increases, supporting higher industrial output and large public works projects, we forecast that real GDP increase will accelerate from an estimated 3.6% in 2012 to an average of 4.5% in 2013-14.
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Opportunities
2012/12/03
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The craft village Soumbédioune
2012/12/03The craft village Soumbédioune:
It was createds since more 40 years old. It lies on the western ledge and it is open all week. The village has the following products: sculpture, jewelry, leather, shoemaking, tanning, sewing, dyeing, weaving .. -
Geography and climate
2012/11/30The Dakarian climate is warm. Dakar has a hot semi-arid climate (Köppen climate classification BSh), with a short rainy season and a lengthy dry season. Dakar's rainy season lasts from July to October while the dry season covers the remaining eight months. The city sees approximately 540 mm of precipitation per year.
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Africities 2012 Dakar
2012/12/03The Mayor of Dakar, Khalifa Sall before an audience of media during a press luncheon, held Friday in one of the hotels of the place. "... You already informed that the budget for this Africities is 2 billion 240 million CFA francs. But we can go up to 2 billion 500 million CFA ... ".
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Khalifa Sall Ababacar
2012/11/30Khalifa Sall Ababacar grew up in Dakar in the populous district of Grand Yoff. After completing elementary school district( the Lycée Blaise Diagne), he entered at the University during a period when political activism flourished in the student environment. He enrolled at the Faculty of Arts, specifically the Department of History and Geography.
- Dakar city News
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- BOTSWANA: Tripartite Free Trade Area plods along slowly in Africa
- BOTSWANA: Global economic gravity rapidly pulling towards Africa
- BOTSWANA: How to boost private sector investment in Africa’s electricity infrastructure
- BOTSWANA: Study of mathematics on the decline in Africa – Prof Allotey
- BOTSWANA: Take responsibility for transforming your countries – Akufo-Addo
- BOTSWANA: Five billion people in the world use mobile phones, 436 million in sub-Sahara Africa
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