AfriTrade by ATEG is an eTrade engine in development that aims to streamline intra-regional trade, facilitation & finance under Digital Free Trade Areas (DFTA).
🥳🎉Milestone!
The 29th Anniversary of COMESA.
Celebrating nearly three decades of growth, unity, and prosperity. Together, we have achieved remarkable progress, and our journey continues as we keep growing together for prosperity.
#COMESAat29#GrowingTogetherForProsperity
The #FeedAfrica strategy of the @afdb_group align seamlessly with the World Food Day 2023 theme, "Water is life, water is food. Leave no one behind." The comprehensive strategy which spawned the Technologies for African Agricultural Transformation #TAAT, is catalysing sustainable agriculture, food system resilience in the face of climate change, and inclusive practices that leave no one behind.
@gatesfoundation@CSDevNet1
A report by the McKinsey Global Institute estimated that the global use of digital financial services has the potential to create $3.7 trillion in additional economic value by 2025. https://t.co/Bo1Gv0tu79
The growth rate of Africa’s supply chain finance market far outstripped the rest of the world last year, but uptake remains hampered by a lack of digitisation, limited company information and regulatory barriers, UN research finds.
https://t.co/hPJEtZ5vW6
AfDB has a critical role in mobilizing investments for the #SDGs. During our meeting with @AfDB_Group President @akin_adesina, we explored how we can come out stronger from crises with the SDG Stimulus.
The transformative effects of DeFi on advancing financial inclusion, assisting African trade, and strengthening Africa's economy match the technology with the global sustainability agenda and the UN Sustainable Development Goals.
Source: The Exchange
Linking Decentralised Finance (DeFi) to African Trade
DeFi helps to create cross-border value chains for consumer goods & food processing by connecting African traders, significantly reducing post-agricultural losses for perishable goods.
#Africa#Trade
https://t.co/hoF8NCYS8S
Did you know agriculture is a pillar of the East African economy, employing up to 80% of the population and accounting for 25% of GDP? https://t.co/EnDNQdUvCN
Local currency depreciations against the US dollar, spurred on by US monetary policy and soaring global commodity price inflation, will further strain some countries' ability to purchase staple foods, adding fuel to global food insecurity.
Read more: https://t.co/WWXWQrGcLC
DYK, a report conducted by COMESA in 2018 stated the trade bloc could save up to $450 million in clearance documentation once member states adopt distributed ledger technology (DLT) for facilitating imports & exports via electronic Certificate of Origin (eCO).
#COMESA#DLT
A recent @nasdaq article on Blockchain Technology for Supply Chain Outlined 8 examples of production implementations that are collectively bringing global value across supply chains using Hyperledger Fabric. Let us tell you more about them: https://t.co/xBqvKnfP4w
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COMESA Needs $50bn Investment to Generate 30,000 Megawatts of Electricity to Meet the Power Deficit in the Region. https://t.co/9I1aTNAvBR
#CleanEnergy#GreenPower
Agriculture Ministries🇩🇯🇪🇷🇸🇸, @MoAI_Somalia,
CSET Seed prod LTD🇸🇴@CsetGroup, Western Seed Company🇰🇪@SeedWestern, 🇰🇪Seed Company @kenyaseedltd, 🇰🇪Agricultural & Livestock Research Org @kalromkulima,🇰🇪Plant Health Inspectorate Service @KephisKe sharing knowledge in seed management.
SSG facilitated a national training course on farmer outreach and small seed pack dissemination in Eritrea. The Ministry of Ag plans to share 54,000 small packs of improved seed with farmers this year through the IFAD-funded Building Better in the Horn of Africa initiative.