Kenya to sign trade agreement with EU without her EAC partners

KENYA – The European Union plans to sign an Economic Partnership Agreement(EPA) with Kenya, leaving out the rest of East African Counties that have failed to ratify the trade deal. According to Valdis Dombrovskis, the block’s executive vice-president and trade commissioner, the European trading block will first sign the agreement with Kenya as other EAC counties wait for ratification. The EPA agreement was concluded seven years ago but had not come into life due to lack of signatures from other EAC counties. Kenya has already signed the regional EPA and…

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Dangote Industries to open new trade routes under the AfCTA trade deal

NIGERIA – Dangote Industries Ltd has announced that its cement expansion plan and fertilizer investments will open new trade routes for the company and Nigeria under the African Continental Free Trade Area (AfCFTA) trade deal that kicked off at the beginning of this month. Already, the cement company, despite an installed capacity of 29.3Mta in Nigeria, is targeting an expanded entity in-country and in Cameroon, while new plants will soon be ready for commissioning in Niger, Benin, Ghana, Cote d’Ivoire, and Togo. According to President/Chief Executive, Dangote Industries Ltd, Aliko…

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