Election of AU new Chair postponed -Africa Business News Roundup

By Soko Directory Team / Published July 18, 2016 | 9:33 am



Africa Economy

Election of AU new Chair postponed

The African Union summit meeting in Kigali will be voting for a new AU commission on Monday to replace the outgoing AU commission chairperson Nkosazana Dlamini-Zuma.

There are three candidates, two of them women, former Uganda vice president Specioza Wandira Kazibwe and Botswana Foreign Minister Pelonomi Venson Moitoi, and Equatorial Guinea Foreign Minister Agapito Mba Mokuy.

However, due to no outright winner, the elections were adjourned. None of the candidates for AUC Chairperson has attained the required 2/3.

Morocco seeks to rejoin African Union after 32 years. In a message to the AU summit in Rwanda, the Moroccan King Mohammed VI said the time had come for his country to retake its place within its institutional family, reports the BBC.

EAC-EU trade deal signing called off

The comprehensive Economic Partnership Agreement (EPA) between the East African Community (EAC) and the European Union (EU) will not be signed today as earlier planned.

Reports cite Tanzania’s decision to halt signing, citing the “turmoil” that the EU is experiencing following Britain’s exit. The agreement was due to be signed at a meeting in Nairobi, Kenya today.

More

African passport launched

On Sunday, the African Passport was launched. The outgoing Chairperson of the African Union Commission, Dr Dlamini-Zuma issued the first two copies to Chairperson of the AU and Chadian president, Idris Deby Itno and Rwandan president Paul Kagame.

The document has five languages used for inscriptions on it, English, French, Arabic, Portuguese and Swahili.

South Africa’s economy beats Egypt

The South African economy is Africa’s second biggest only behind Nigeria. According to the latest projections by the International Monetary Fund (IMF), South Africa has gone ahead of Egypt after recording a Gross Domestic Product (GDP) of around $275 billion, $5 billion more than Egypt’s $270 billion.

https://twitter.com/ClaysonMonyela/status/754617221012393984

On the flip side, The East African reports that Nairobi tipped to outpace SA, Nigerian cities in growth race. The anticipated growth rates mean Kenya’s cities are expected to be more attractive to businesses dealing in consumer goods and services compared to other leading African cities.

Global leaders at UNCTAD 14 in Nairobi 

The 14th UN Conference on Trade and Development (UNCTAD) begun on Sunday in Nairobi with leaders calling for tangible resolutions that will drive global development through sustainable investments.

Kenya’s Cabinet Secretary for Foreign Affairs, Amina Mohammed was appointed President of UNCTAD for the next 4 years.

UNCTAD will focus on four areas: the challenges and opportunities posed by the multilateral system in trade and development; the enhancement of  overall and sustainable development through trade, investment, financing, and technology in order to achieve prosperity for all; achieving a structural economic transformation to enable economic flexibility, address obstacles to trade and development, and benefit from available opportunities; and finally, how to contribute to the active implementation of the global Sustainable Development Goals for 2030 issued by the United Nations in September 2015.

Zimbabwe says sanctions to blame for cash crunch

Zimbabwe’s finance minister blamed international sanctions on Sunday for a cash crunch that has forced the government to delay wages to soldiers and civil servants as President Robert Mugabe faces rare popular protests.

More here.

Nigeria Finds a National Crisis in Every Direction It Turns –Dionne Searcey  

Militants are roaming oil-soaked creeks in the south, blowing up pipelines and decimating the nation’s oil production. Islamist extremists have killed thousands in the north. Deadly land battles are shaking the nation’s center. And a decades-old separatist movement at the heart of a devastating civil war is brewing again.

On their own, any one of these would be a national emergency. But here in Nigeria, they are all happening at the same time, tearing at the country from almost every angle.

 




About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

View other posts by Soko Directory Team


More Articles From This Author








Trending Stories










Other Related Articles










SOKO DIRECTORY & FINANCIAL GUIDE



ARCHIVES

2024
  • January 2024 (238)
  • February 2024 (221)
  • 2023
  • January 2023 (182)
  • February 2023 (203)
  • March 2023 (322)
  • April 2023 (298)
  • May 2023 (268)
  • June 2023 (214)
  • July 2023 (212)
  • August 2023 (257)
  • September 2023 (237)
  • October 2023 (266)
  • November 2023 (284)
  • December 2023 (176)
  • 2022
  • January 2022 (293)
  • February 2022 (329)
  • March 2022 (358)
  • April 2022 (292)
  • May 2022 (271)
  • June 2022 (232)
  • July 2022 (278)
  • August 2022 (253)
  • September 2022 (246)
  • October 2022 (196)
  • November 2022 (232)
  • December 2022 (167)
  • 2021
  • January 2021 (182)
  • February 2021 (227)
  • March 2021 (325)
  • April 2021 (259)
  • May 2021 (285)
  • June 2021 (272)
  • July 2021 (277)
  • August 2021 (232)
  • September 2021 (271)
  • October 2021 (305)
  • November 2021 (364)
  • December 2021 (249)
  • 2020
  • January 2020 (272)
  • February 2020 (310)
  • March 2020 (390)
  • April 2020 (321)
  • May 2020 (335)
  • June 2020 (327)
  • July 2020 (333)
  • August 2020 (276)
  • September 2020 (214)
  • October 2020 (233)
  • November 2020 (242)
  • December 2020 (187)
  • 2019
  • January 2019 (251)
  • February 2019 (215)
  • March 2019 (283)
  • April 2019 (254)
  • May 2019 (269)
  • June 2019 (249)
  • July 2019 (335)
  • August 2019 (293)
  • September 2019 (306)
  • October 2019 (313)
  • November 2019 (362)
  • December 2019 (318)
  • 2018
  • January 2018 (291)
  • February 2018 (213)
  • March 2018 (275)
  • April 2018 (223)
  • May 2018 (235)
  • June 2018 (176)
  • July 2018 (256)
  • August 2018 (247)
  • September 2018 (255)
  • October 2018 (282)
  • November 2018 (282)
  • December 2018 (184)
  • 2017
  • January 2017 (183)
  • February 2017 (194)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (205)
  • July 2017 (189)
  • August 2017 (195)
  • September 2017 (186)
  • October 2017 (235)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (164)
  • February 2016 (165)
  • March 2016 (189)
  • April 2016 (143)
  • May 2016 (245)
  • June 2016 (182)
  • July 2016 (271)
  • August 2016 (247)
  • September 2016 (233)
  • October 2016 (191)
  • November 2016 (243)
  • December 2016 (153)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (164)
  • April 2015 (107)
  • May 2015 (116)
  • June 2015 (119)
  • July 2015 (145)
  • August 2015 (157)
  • September 2015 (186)
  • October 2015 (169)
  • November 2015 (173)
  • December 2015 (205)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950