The European Business Council for Africa

The African Growth and Opportunity Act (AGOA) is a preferential trade program that gives countries in sub-Saharan Africa preferential access to U.S. markets, allowing them to export products tariff-free.[1] AGOA was created with the aim of increasing trade activity between the United States and sub-Saharan African countries and with a broader goal of fostering economic and political development in Africa.[2] To date, AGOA has greatly increased total exports to the United States, but data on utilization rates has caused some to question why certain countries are able to capitalize on AGOA more than others. Despite some successes, the continued dominance of oil and apparel exports along with the decline in AGOA exports after their peak in 2008 has lowered confidence among some leaders and experts in AGOA’s ability to deliver on its promises.

Africa’s energy transition is causing enormous debate. In the run-up to Africa’s COP in Egypt in November, many are counterposing the adjustments required to mitigate the disastrous impacts of climate change to the escalating development needs of the continent. Fossil fuels, in particular, are in the limelight; whether Africa should or should not exploit its prodigious reserves of oil and gas. In this edition of IC Insights the contributors, including Chair of IC Intelligence Lord Peter Hain and experts from the International Institute for Sustainable Development and Clean Energy 4 Africa, weigh in from a political, economic, technological and infrastructural perspective.

This report analyses the evolution of Aid for Trade flows in a context marked by crises of unprecedented magnitude, with significant impacts on trade and investment. Under the theme “Empowering Connected, Sustainable Trade”, it shows that Aid for Trade was an important tool in the fight against the COVID-19 pandemic, and can help address emerging challenges, such as the environmental and digital transitions while ensuring that no one is left behind.

Recent data indicate that a shift is under way to put sustainability, including green transition and women’s empowerment, at the heart of Aid for Trade, and point to its potential to support an inclusive and sustainable recovery.

This year’s report should dispel any lingering doubts that the world is moving backwards in its efforts to end hunger, food insecurity and malnutrition in all its forms. We are now only eight years away from 2030, but the distance to reach many of the SDG 2 targets is growing wider each year. There are indeed efforts to make progress towards SDG 2, yet they are proving insufficient in the face of a more challenging and uncertain context. The intensification of the major drivers behind recent food insecurity and malnutrition trends (i.e. conflict, climate extremes and economic shocks) combined with the high cost of nutritious foods and growing inequalities will continue to challenge food security and nutrition. This will be the case until agrifood systems are transformed, become more resilient and are delivering lower cost nutritious foods and affordable healthy diets for all, sustainably and inclusively.

This Annual Report reviews the main impacts of CUTS International Geneva's work between April 2021 and March 2022. Despite trying times marked by the continuing COVID 19 global pandemic, CUTS not only held its own but delivered notable impacts for beneficiary developing partners across its four thematic areas: Trading System; Economic Policy; Environment and Climate Change; and Food and Agriculture.

STORY HIGHLIGHTS

  • The second Cabo Verde Economic Update focuses on the importance of returning to fiscal sustainability and, within that framework, the role that Information and Communication Technologies can play in strengthening the foundations for an inclusive and sustainable economic recovery.
  • An efficient vaccination campaign against COVID-19 was critical to economic recovery in 2021, coupled with the fact that the country was able to slightly reduce poverty, both in urban centers and rural areas. The COVID-19 pandemic reversed gains in fiscal consolidation and public debt reduction. It is critical to recreate the conditions for an inclusive and sustainable recovery, through private investment, and to ensure a return to fiscal sustainability, so that the public debt-to-GDP ratio returns to a downward trend.
  • Cabo Verde has been consistently investing in the country's digital development, with important projects, especially in digital infrastructure. To boost the national digital transformation and thereby support sustainable and inclusive long-term growth, it will be necessary to continue strategic investments in strengthening Cabo Verde's digital economy, leveraging the country's dividends in that sector.

Afin de répondre à un besoin croissant de développement et de structuration du secteur portuaire mauritanien, le projet FAIDOP a pour objectif de former des jeunes, des femmes et des migrants de retour à des métiers liés au secteur portuaire. Le projet facilitera aussi l'insertion de ces bénéficiaires dans un secteur à forte demande de main d'œuvre-qualifiée et il constituera un premier pas important vers la formalisation de la formation aux métiers portuaires en Mauritanie.

Il est mis en œuvre par la Chambre de Commerce et d'Industrie Métropolitaine Aix Marseille Provence et la Chambre de Commerce, d'Agriculture et d'Industrie de Mauritanie.

This article looks at monopoly power as a barrier to a sustainable future and asks how we can use competition policy (particularly Article 102 TFEU and merger control) more intelligently in the light of climate change and growing market concentration. It looks at both how competition policy can be used as a “sword” to attack power and unsustainable practices, and how it can avoid impeding sustainable initiatives (sometimes acting like a “shield”).

Get a quick overview of the 2021 programmes (Fit For Market, Fit For Market SPS, NExT Kenya, STDF projects) and our contributions to collaborative projects (with UNIDO and Enabel, among others) – and view snapshots of selected programme activities.

The report also gives a brief summary of the EU and ACP horticultural markets in 2021.

This country profile of Uganda by the African Development Bank entails an in depth analysis of the country's economy, finances and levels of economic development - a useful tool for those already active in or wishing to enter the Ugandan market.