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EALA Trade Committee Discusses Bloc’s Investment Challenges

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Members of the East African Legislative Assembly (EALA) Committee on Communication, Trade and Investment on Monday met representatives of EAC department in charge of investments and private sector promotion and discussed strategies, opportunities and challenges for investment in region.

Due to the prevalent Covid-19 pandemic that has devastated the bloc member states; the meeting was held by means of video conferencing chaired by Hon Christopher Nduwayo.

This committee last met in April when it reviewed pertinent regional trade issues, the EALA Committee is discussing implications of #COVID19 on trade & investments in Partner States and how governments are handling.

According to the scheduled meetings, on Tuesday the Committee on Agriculture, Tourism and Natural Resources will also meet via video conferencing.

Also on Tuesday, members of the Committee on Regional Affairs and Conflict Resolution are scheduled to hold discussions virtually.

Most of these meetings are being held in preparation for the 48th East African Revenue Authorities Commissioners General Assembly scheduled for Wednesday November 11th.

Themed “Rethink, Restart and Reinvent: Our Road to Recovery”, will concentrate on lessons learnt by the EAC Partner States during the COVID-19 pandemic, and the innovative approaches that will shore up revenue in the region.

Other key highlights of the meeting will include responses to Commissioners General’s (CGs’) directives during the 47th meeting, for the period January to June 2020, emerging issues within the Customs union, cooperation with international actors in international taxation, and induction of new CGs into the forum.

Other important areas will include feedback on review of performance of the Single Customs Territory (SCT) for the whole value chain of imports and transit goods by analyzing transit declarations right from the point of entry to the destinations. This will assist to eliminate dumping and transit diversions.

The meeting will also receive feedback on the progress on achieving a joint approach to the development of the Data Governance Policy to promote the usage of data for decision-making.

The EARACGs meeting is expected to among other discuss the modalities of how to collaborate with the EAC Secretariat to establish a Committee on Tax Affairs at the East African Community (EAC), where tax administration matters of domestic taxes, ICT and other administrative issues not related to Customs can be deliberated, among others.

The meeting comes amidst resilience test, with most countries having registered an economic slowdown due to significant scaling down of business activities attributed to COVID-19 cases reported in the Region.

The meeting will be attended by among other KRA leadership led by the Commissioners General, Office Burundais des Recettes (OBR) Commissioners General, Rwanda Revenue Authority (RRA) Commissioners General, South Sudan National Revenue Authority (SSNRA) Commissioners General, Tanzania Revenue Authority (TRA) Commissioners General, and Uganda Revenue Authority (URA) Commissioners General.

Other delegates will include representatives from a select number of observers and partners including the East African Community (EAC) Secretariat and African Tax Administration Forum (ATAF) as well as JICA.

EALA Resumes Business In Arusha

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Kagame Advocates For Investment Into Africa’s Agriculture Value Chain

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Agriculture and agri-business, especially in Africa, will drive the continent’s attainment of the Sustainable Development Goals, President Paul Kagame has said.

“This is especially true as we work to make
up for the time lost to the Covid-19 pandemic,” he said adding that, “Each country and region must chart its own pathway to transformation, but this is also a global challenge that we must address together.”

Kagame was speaking in his capacity as the Chair of the African Union Development Agency-NEPAD, Heads of State and Government Orientation Committee at the official ceremony of the UN Food Systems Summit 2021 Pre-Summit.

In Africa, he continued, 70% of the working-age population is employed in the agricultural sector.

“But our continent’s food markets are often fragmented, and links to food processing and value addition services are sometimes lacking,” the President said.

He noted that digital technologies and biotechnology are playing a greater role in African agriculture, but too many farmers do not yet have reliable access.

And that financial services and products for farmers, including insurance, are generally inadequate.

“As a result, Africa’s food producers do not earn the level of income that they deserve, and they must cope with high levels of economic risk and uncertainty,” Kagame added.

According to the Executive Director of the UN World Food Programme, David Beasley, 41 million people are on the brink of famine today.

“Planet earth, shame on us that we let a single person go to bed hungry,” said.

“We have the expertise to end hunger, but we urgently need the money. This is a global call to action – all hands on deck,” he added.

Transformation is a necessity, according to Presidemt Kagame.

This is why the African Union Development Agency, NEPAD, has worked to facilitate an African Common Position in advance of the Food Systems Summit, in line with the African Union’s Agenda 2063 and the SDGs.

Kagame offered two proposition.

Africa will pursue solutions in the following priority tracks:

One, adopt nutritious food policies, establish food reserves, and expand school feeding programs.

Two, support local markets and food supply chains, invest in agro-processing for healthy foods, and expand trade in food products within Africa.

The UN Secretary-General’s special envoy for the UN’ Food Systems Summit, Agnes M. Kaliba,  told participants that the summit is much very powerful than she thought.

“The energy,  and hopes in each room today were palpable!. We need to leverage the incredible power of food to deliver a step change in the SDGs- this is a one in a generation opportunity,” she said.

Myrna Cunningham, speaking for Indiginous People, said that, “Our current Food Systems is based on extreme irresponsibility; We need a food system that is based on rights including Economic empowerement and rights and rights to land.”

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Airtel Rwanda MD Steps Down

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It is learnt through reliable sources that Amit Chawla has decided to step down after completing a three-year term as Managing Director for Airtel Rwanda.

Normally, he would have had his contract extended or rotated to another operation in the company’s footprints, but a source told Taarifa that he is leaving the industry to do other businesses.

A new executive will be announced soon, it is said.

Amit, who took over the newly merged entity on August 31, 2018, during which time he oversaw the achievements of several milestones.

Chief among his accomplishments include the consolidation of the brand Airtel after the takeover of Tigo, its people, products and services as well as modernization of the country’s network, a project that saw the expansion of the Airtel Rwanda Network and saw the consolidation of Airtel’s reputation as the internet provider of choice for Mobile Internet in Rwanda.

During his time with the organization as MD, Airtel Rwanda oversaw great changes. Under his leadership, programs grew and services became more easily available to all customers.

Chawla led the company’s pandemic response that saw Airtel Rwanda direct its CSR budget towards governments efforts to tackle the initial response to the Global pandemic.

Under his leadership, Airtel has gained a reputation for launching ground breaking and bold campaigns such as the recent Va Kugiti Campaign that generated a lot of buzz in the Rwandan market.

Chawla, also oversaw the successful roll out of the Airtel Money Branch (AMB) concept, with 71 shops opened in Kigali alone.

The AMB’s concept has completely revolutionized the proximity of a telecom operator to her network of Agents and Freelancers, enabling them to access up to Rwf5 million within walking distance.

Chawla was unavailable for comment.

 

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First Chinese Electric Car To Reach Europe Disrupts Markets

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Chinese automaker Aiways has resorted to livestreaming its all-electric cars to potential clients across the globe.

“The design is very simple and uncluttered,” one of the presenters said as she detailed the U5’s design and capabilities. “The car is modern, and even the mode of distribution is modern.”

“Modern” distribution here means replicating the “live commerce” experience of Aiways’ home country — using livestreaming events to drum up interest and sales online. The company ships its cars through local partners to customers in Europe from its factory in the eastern Chinese province of Jiangxi.

That arrangement helps Aiways keep prices down. The U5 is priced from around 39,000 euros ($46,000), 10% to 15% cheaper than its rivals, according to the company.

Alexander Klose, the Aiways executive vice president in charge of overseas operations says, “We have some challenges, but overall, I would say it has been fairly positive for us, and we have seen a fairly positive recognition.”

Aiways is not alone: A growing number of Chinese EV makers are setting their sights on overseas markets — and they intend to compete on quality as much as price.

BYD, the Chinese automaker backed by U.S. investment guru Warren Buffett, is betting on Norway. It shipped its first 100 European-specification SUVs to dealers there this June, and it plans to deliver 1,500 by the end of the year.

Like Aiways, BYD is keen to take advantage of overseas consumers’ improving perception of Chinese products.

“We are not going to make the same mistakes as other Chinese brands did more than 10 years ago in the European theater. They tried to launch vehicles in a very cheap and rushed way, without being fully prepared,” a BYD spokesperson told Nikkei Asia.

“Most people haven’t heard of BYD until now, so it is more important to do things right than [to] start talking about [sales volume].”

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