tralac Daily News

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tralac Daily News

tralac Daily News
Photo Credit: Xinhua

Country focus 

South Africa seeks to lift infrastructure investment with change to pension fund rules (Engineering News)

South Africa's National Treasury is proposing changing rules governing pension funds to encourage investment in infrastructure projects. Africa's most industrialised nation - the hardest-hit by the coronavirus pandemic on the continent - has put public works in sectors such as transport, energy and water at the heart of its economic recovery plans.

Foreign direct investment dries up – The Zimbabwe Mail (The Zimbabwe Mail)

Foreign investment inflows to Zimbabwe last year fell by 23.7% to US$40.06 million compared to the same period in the previous year, with analysts attributing the decline to the outbreak of Covid-19 pandemic.

Comesa-Zimbabwe sign agreement to upgrade Chirundu border post (Chronicle)

The Common Market for East and Southern Africa (Comesa) has signed an agreement with Zimbabwe that sub-delegates the implementation of Coordinated Border Management activities, Trade and Transport Facilitation programme at the Chirundu border post.

Kenyan small scale farmers sue government over UK trade pact (The Star, Kenya)

Kenya small scale farmers have sued seeking to stop the government from entering into a trade pact with UK. The farmers want public participation in relation to the pact be conducted at grassroots level so that everyone's views are captured. The agreement among other things reduces tariffs on imports of products such as chicken pork and maize for a period of 25 years.

Ghana, UK to sign new trade agreement tomorrow (Myjoyonline)

Ghana and UK will tomorrow signed a new trade agreement that will further deepen ties between the two countries whilst giving exporters of the two countries more hope, Trade and Industry Minister-designate, Alan Kyeremanten has disclosed. The agreement is expected to come into full force from Friday, 5th March.

Private sector engagement, green recovery are main themes for Egypt in 2021: minister (Salaam Gateway)

Private sector engagement and green recovery will be a key theme in 2021, according to Egypt’s Minister of International Cooperation Rania Al-Mashat. Talking to Daily News Egypt, Minister Al-Mashat said that going into 2021, it is important to realise that the novel coronavirus (COVID-19) pandemic has proven that multilateralism is vital to the reconstruction of global economies.

 


News from Africa and Africa’s international trade relations 

African Energy Chamber focuses on attracting direct investors to Africa (The Nation Newspaper)

The Investment Committee of the African Energy Chamber has met for the second time to set an agenda that will facilitate capital raising for energy projects in Africa. The committee acknowledged the increased difficulty of raising capital for energy projects in a post-COVID-19 era but agreed that African Energy projects remain extremely profitable, when tackled with the right investment structure.

SADC calls for solidarity (IPP Media)

51.3 million people in both urban and rural areas of southern Africa are food insecure. Dias Lima was speaking from Maputo in Mozambique during the SADC - Regional Vulnerability Assessment and Analysis Programme (RVAA) Annual Organisational Meeting convened virtually under the chairship of Mozambique.

East Africa: Uhuru Takes Helm of EAC, Names Peter Mathuki New Secretary-General (All Africa)

Kenya's Peter Mutuku Mathuki will be the next East African Community Secretary-General after receiving an endorsement from heads of State at a virtual summit on Saturday afternoon. Dr Mathuki, a long-term Executive Director of the East African Business Council, emerged the top candidate after corporate bodies proposed his name to President Uhuru Kenyatta as someone capable of converging different views from member States. President Kenyatta was also selected as chair of the East African Community while Burundi's Evariste Ndayishimiye chosen as the community's rapporteur.

Operations of East African monetary institute to start in July (Independent)

The East African Community Council of Ministers has set 1st July 2021 as the date for the inception of the East African Monetary Institute (EAMI). The EAMI is a transitional mechanism to the regional Central Bank that will issue the single currency, planned to be in place by the year 2024. 

Two Rwandans named judges to East African Court of Justice (The New Times)

The East African Community Heads of State Summit on Saturday appointed new judges to the East African Court of Justice, a regional Court that litigate on matters pertaining to the interpretation of EAC treaty. The meeting which was held virtually and convened by President Paul Kagame, in his capacity as outgoing chair of the Summit, took place on Saturday February 27.

EAC secures unlimited access to Kenya-UK trade deal (The East African)

(EAC) member states have secured an open-ended time frame to access the trade agreement signed between Kenya and the United Kingdom (UK) in a development that is likely to protect the fragile regional unity and preserve the spirit of regional integration.