Business / Trade in Egypt
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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.
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EGYPT, 2017/08/02
Foreign Minister of Egypt, Sameh Shukri is due to arrive in Khartoum next Wednesday to take part in conference of the Joint Sudan-Egypt Committee for Political Consultation.
Shukri will preside over the side of Egypt and Foreign Minister, Professor Ibrahim Ghandour will chair the Sudanese side.
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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.
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EGYPT, 2017/07/09
King Mohammed VI has been practically living in Africa in the last few years moving from one country to an extra to propose development programs and cooperation ventures in a transparent win-win approach. So, at the same time as on re-admission of Morocco in the African Union in the Addis Abeba summit on January 31, 2017, he declared with tears in his eyes, to be happy to be back home. The truth of the matter he has always been home though not officially, hoping on his Boeing 747 from one country to an extra bringing bounty and goodwill.
What is additional, for a lot of African Muslims, disciples of the Tidjane Sufi order, Mohammed VI is additional than a temporal leader of a northern country, he is a religious symbol bearing the traditional title of amir al-mu’minin “Commander of the Faithful” of the Islamic community of Africa.
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EGYPT, 2017/07/08
The foreign ministers of the four nations calling for combating terrorism, Saudi Arabia, the UAE, Bahrain and Egypt, are conference in Cairo Wednesday to discuss Qatar’s response to the four nations’ inventory of 13 demands amid the Gulf diplomatic crisis.
“We look forward to receiving Qatar’s response to the demands in order to study it exhaustively before taking stances,” Saudi Foreign Minister Adel Al-Jubeir said on Monday at a joint press conference with his German counterpart Sigmar Gabriel.
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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.
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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.
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EGYPT, 2017/06/06
What happened Monday?
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GERMANY, 2017/01/14
Egyptian President Abdel-Fattah El-Sisi and German Chancellor Angela Merkel discussed on Friday via phone call bilateral relations between the two nations inclunding recent regional and international developments, national news agency MENA reported.
During the call, both parties exchanged condolences in the wake of recent terrorist attacks in the two nations.
Last week, eight policemen and one civilian were killed in a terrorist attack in Egypt’s North Sinai, while in December a truck ploughed through a Christmas market in Berlin, killing 12 people.
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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.
