Browsing: International Trade Centre

• The Arab Africa Trade Bridges Program (AATB), a multi-donor, inter-regional program, has signed two agreements aimed at fostering sustainable growth and development on the sidelines of the Intra Africa Trade Fair 2023 in Cairo, Egypt.
• The first agreement aims to harmonize African standards for textiles and leather products, ensuring transformative change in the African Fashion Industry.
• In the second deal, the International Islamic Trade Finance Corporation signed a deal with the International Trade Centre, under the umbrella of the AATB program. This marks the initiation of Phase Two for the transformative “How to Export with the AfCFTA” Program, developed collaboratively with Afreximbank.

The Arab Africa Trade Bridges Program (AATB), a multi-donor, inter-regional program, has signed two agreements aimed at fostering sustainable growth and development on the sidelines of the Intra Africa Trade Fair 2023 in Cairo, Egypt.

The first agreement was signed between the AATB Program Secretary General, Hani Salem, …

The training programme was launched during the Intra-African Trade Fair 2021 (IATF2021), taking place in Durban, South Africa from November 17 to 21. For previously under-represented populations, the training programme strives to break down barriers to commerce.
The AfCFTA’s ‘How to Export with the AfCFTA training programme’ was designed with African businesses in mind. Small enterprises will be equipped with the tools they need to take advantage of the new trading climate and the AfCFTA’s operationalization.
In 2020, Afreximbank and ITC begun a trial programme in Côte d’Ivoire, Nigeria, and Rwanda as a test of this new programme concept. There were around 1,500 applications for the course within the first few days of its release, indicating a strong degree of interest in its subject.…

E-commerce can lower entry barriers and help connect MSMEs with global markets and value chains.…

AfCFTA must be an engine for growth as much as an engine for inclusion.…

Accounting for about 16 per cent of the world’s human population, the demands continue increasing especially for job creation, food security and education among others.…

The EU presents a huge opportunity for the EAC region SMEs making it a great platform for those in the sector to market their products in Europe.…

Kenya long-term development blueprint, Vision 2030, seeks to transform Kenya into an industrializing, high middle-income country…

Absa Bank Kenya has announced a Ksh10 billion fund to advance credit to women-owned small and medium enterprises over the next five years.

The kitty comes as part of the new customer value propositions under the Absa brand.

The women fund is part of the bank’s commitment towards advancing diversity and inclusion by empowering women with financial resources and capacity building to grow their businesses.

The money will be availed to women entrepreneurs through the existing banking products including unsecured and secured loans, trade finance, asset finance, property finance and working capital facilities.

“Women form over 50 per cent of the local and global population and account for a significant percentage of the SME sector. However, their participation in the national economic development is often stifled by limited access to financial resources and social-cultural restrictions. We are confident that this proposition, coupled with the additional interventions we continue to make, …

E-commerce is set to create three million jobs for the youth by the year 2025 a report by bankers and financial experts.

The World Economic Forum, in partnership with the International Trade Centre, released the Africa E-commerce Agenda, which is an eight-step action plan to recognize the benefits of e-commerce in the content.

The Africa E-commerce Agenda action points enable e-payments, manage data, grow the tech industry, refresh policies, expand connectivity, upgrade logistics, coach small business and join forces.

The Agenda released early this month, recognizes the significance of the large ecosystem of digital technology and supporting elements.

Experts who attended the forum said e-commerce has the potential to create 3 million jobs yet e-commerce startups, face many challenges, which includes low consumer digital trust, low regional integration and poor infrastructure.

The head of the regional agenda, Africa and a member of the Executive Committee of World Economic Forum Dr …