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Business / Trade in Liberia

  • The EU-Africa summit is now the AU-EU summit. Why the upgrade matters

    BOTSWANA, 2018/01/13 African and European heads of government gathered last week in Abidjan, Côte d'Ivoire, for their 5th summit since 2000. For the initial time, the African Union (AU) rather than “Africa”, officially appears as the European Union’s partner. While plenty has been discussed about youth, migration, security and governance less is being said about the shift from an EU-Africa to an AU-EU summit. Is this just a case of semantics? Next all, the AU has been the key organiser of these triennial summits since they started in 2000. Or are there larger implications? We think there are. The AU-EU summit coincided with the January 2017 statement on the reform of the African Union prepared by Rwandan President Paul Kagame. The statement recommends rationalising “Africa’s” a lot of international partnerships by having the continental body take the lead. This means that the previous, current and next AU chairpersons, plus the AU Commission chairperson and the chairperson of the Regional Economic Communities, would represent the AU, rather than all its member states.
  • Africa: USA-Africa - No Policy? Bad Policy? or Both?

    BOTSWANA, 2017/08/30 "Africa is terra incognita for the Trump Government: a continent it cares little - and understands even less - about. With no dyed-in-the-wool Trumpian Africa hands available, the government appears ready to cede Africa policy making to career civil servants and a few mainstream Republican appointees." - Matthew T. Page The headline to Page's article in Quartz Africa states that "Donald Trump could be getting his US-Africa policy right by simply not having one." His view is actually additional nuanced, in judging that no policy would likely be only "less bad" than explicitly "bad policy" that may result from better White Home interest in Africa.
  • Africa: 'Market Information Gap Threatens U.S.$400 Billion Intra-Africa Trade'

    BOTSWANA, 2017/07/14 Access to data across African economies, which has been hindered by the fragmented nature of the respective markets, is currently threatening a $400 billion intra-Africa trade potential. Africa Export-Import Bank (Afreximbank) said the present transactions price at $170 billion remained their due to wide gap in market data, which presently needs to be closed to foster accelerated trade integration. Meanwhile, the size of intra-African trade could be doubled from the current level of about $170 billion per year to almost $400 billion by addressing the issue of availability of market data on the continent.
  • Tripartite Free Trade Area plods along slowly in Africa

    BOTSWANA, 2017/06/24 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.  
  • Importers threaten to increase prices of goods if government implements tax to fund African Union

    BOTSWANA, 2017/06/15 Importers have threatened to increase the prices of goods if the government implements the 0.2% import tax to fund the AU. Mr Samson Awingobit Asaki, Executive Secretary of the Importers and Exporters Association, told the Ghana News Agency that the implementation of the tax would increase the cost of operation for importers. Mr Asaki added that at the same time as it happens like that, they would have no other choice than to transfer the cost onto the prices of goods for the consumers.
  • Benjamin Nentanyaho to Draw Israel's Attention Trade in West Africa

    ISRAEL, 2017/06/06 Long before the civil war, Israel had cemented its feet on Liberian soil. The Executive Mansion, until the demise of Samuel Doe, stood as a testament to Israeli handiwork as the seat of the Liberian presidency for decades. "The visit of PM Netanyahu will draw the attention in the Israeli business community to the opportunities in this region, and will bring along additional Israeli companies to have trade and investments in the region, Actually, the initial one is by presently here."
  • Prime Minister Netanyahu - Israel Coming Back to Africa

    ISRAEL, 2017/06/06 The Prime Minister of Israel Benjamin Netanyahu has cautioned Heads of States and Government at the ECOWAS 51st Ordinary Summit session held at the Farmington Hotel in Harbel that there is so much that need to be done for the betterment of the people of the ECOWAS region. High on the schedule at the conference was political, economic and security concerns within the region. Having slammed the rising wave of terrorism in Africa and the world, the Israeli PM said the terrorists worship death by murdering indiscriminately but added a collaborative effort can defeat them.
  • Liberia: PM Trudeau Acknowledges Liberia's Strive - Canada Pledges Support to 2017 Elections, Women's Empowerment.

    LIBERIA, 2016/11/28 Canadian Prime Minister, the right Hon. Justin Trudeau, has acknowledged that Liberia and all of Africa can be proud of the strive that has been made in this country has made under leadership of President Ellen Johnson Sirleaf - although recognizing the real challenges dogged by - a very difficult civil war - the world economic downturn, low commodity prices and Ebola. He has pledged his country's commitment to support the 2017 presidential and legislative elections scheduled to take place in Liberia inclunding buttress the world acceleration instruments for women, peace and security and humanitarian action, which works to expand the role women by presently play in building and leading peace processes.
  • Osinbajo Tasks Africa On Economic Development

    LIBERIA, 2016/08/25 Vice President Yemi Osinbajo has task African nations on the need to work together particularly in developing their economies for the benefit of their people ahead of other forms of international cooperation. Osinbajo stated this while receiving the visiting Vice President of Liberia, Mr. Joseph Nyumah Boakai in his office at the Presidential Villa in Abuja. According to him in a statement by his spokesman Laolu Akande , “we have to help ourselves initial before others come, we should look for ways we can benefit each other.”
  • Economic integration is helping boost trade and investment in Africa

    BOTSWANA, 2016/05/13 The collapse of virtual borders is one of the majority remarkable things to have happened in our lifetimes. In the world of cyberspace, time and distance have become almost peripheral considerations at the same time as it comes to doing business. Services from software development to accounting can be delivered across the world in the blink of an eye. Next business leaders will struggle to imagine an era at the same time as communication was neither immediate nor virtually free.