Browsing: United Nations Economic Commission for Africa (UNECA)

African businesses shifting towards new technologies- UN report

African businesses are shifting towards new technologies in response to the ongoing pandemic, according to a new report published by the United Nations Economic Commission for Africa (UNECA).

The UNECA and the International Economics Consulting Ltd jointly published the report which is the second comprehensive survey on the COVID-19 pandemic and its economic impact across Africa, according to UNECA.

The online survey was conducted from June 16 to July 20 to provide insights into the effects of the pandemic on economic activity for businesses across the region. The survey mainly identified challenges encountered by African businesses as well as their responses to mitigate the adverse impact of the pandemic.

According to the report from the survey among the top three challenges faced by African countries during the pandemic are reduced opportunities to meet new customers drop in demand for products and services, as well as lack of cash flow.

“Companies …

Kenya is in talks with the African Organisation for Standardisation (ARSO) member states to develop a common regulatory framework that will fast track the implementation of the Africa Continental Free Trade Area (AfCFTA) agreement.

AfCFTA deliberations not only bind all ARSO member states to commit to the progressive elimination of tariffs and non-tariff barriers to trade, but are expected to contribute immensely in sustainable development of Africa.

This is through poverty reduction by improved harmonization of standards and conformity assessment,  and coordination of trade policies and instruments across African countries and Regional Economic Communities (RECs).

While addressing delegations from African countries during the official opening ceremony of the 25th ARSO General Assembly and the Africa Day of Standardisation forum, Hon. Peter Munya, MGH, Cabinet Secretary, Ministry of Industry, Trade and Cooperatives reaffirmed the government’s commitment in promoting intra-African trade through elimination of import duties and non-tariff barriers.

“As a signatory …