Connect with us

International Trade Centre (ITC)

  •  The Imo Government has pledged to increase its support for women entrepreneurs in the state through access to loans The state s Commissioner for Women Affairs and Vulnerable Groups Mrs Nkechinyere Ugwu made the pledge at a sensitisation workshop for businesswomen and their support providers The workshop was organised by the Nigerian Export Promotion Council NEPC hellip
    Imo Government pledges increased support for women entrepreneurs 
     The Imo Government has pledged to increase its support for women entrepreneurs in the state through access to loans The state s Commissioner for Women Affairs and Vulnerable Groups Mrs Nkechinyere Ugwu made the pledge at a sensitisation workshop for businesswomen and their support providers The workshop was organised by the Nigerian Export Promotion Council NEPC hellip
    Imo Government pledges increased support for women entrepreneurs 
    Economy1 week ago

    Imo Government pledges increased support for women entrepreneurs 

    The Imo Government has pledged to increase its support for women entrepreneurs in the state through access to loans.The state’s Commissioner for Women Affairs and Vulnerable Groups, Mrs Nkechinyere Ugwu, made the pledge at a sensitisation workshop for businesswomen and their support providers.The workshop was organised by the Nigerian Export Promotion Council (NEPC) and the International Trade Centre (ITC), in Owerri on Wednesday.

    Ugwu, who commended the women for their resilience in spite of numerous economic challenges, promised to help them access loans for their businesses. She thanked Gov. Hope Uzodimma for providing the enabling environment for women-owned businesses to thrive in the state and pledged continued support for women-friendly initiatives. “Despite the numerous challenges facing businesses in the country and beyond, you, our businesswomen, have remained resilient and we are proud of you. “The state government will continue to support you financially and otherwise so as to improve our economy, improve livelihoods and maintain our place in the comity of states,” she said. In his remarks, NEPC’s Executive Director, Mr Ezra Yakusak, said that 25 Business Support Organisations (BSOs) had already been listed in the NEPC’s directory.Yakusak, represented by NEPC’s Trade Promotion Advisor in Imo, Mr Anthony Ajuruchi, called on women exporters to avail themselves of the financial and other forms of support. “Today, we are providing detailed information on various services offered by BSOs and the process of accessing the services and we’re doing on-the-spot registration with BSOs for those who cannot register on their own. “Many women are not benefitting from the BSOs for lack of information and sensitisation, hence this workshop,” he said.Ajuruchi, in his address, said that the programme, a brainchild of the Women in Export division of NEPC’s Export Development and Incentives Department, was designed to move the business landscape in Imo to the next level.He mentioned some of the BSOs to include women associations, cooperatives, government and Non Governmental Organisations.“One of the aims of the BSO directory project is to close the gap between women entrepreneurs and BSOs who can help them to grow their businesses.“Knowledge is power and we shall continue to seek it for entrepreneurs in Imo to build their capacity”, he said.Also, Vice President of the Imo Exporters League, Mrs Amaka Onwumere, urged women exporters to identify with the League so as to have increased access to vital information and available incentives.The News Agency of Nigeria reports that the event was attended by businesswomen, entrepreneurs and exporters from various parts of the state.VIN

    NewsSourceCredit: NAN

  •  The African Trade Observatory seeks to provide real time and reliable data OUAGADOUGOU Burkina Faso September 12 2021 APO Group The ECOWAS Commission in collaboration with the International Trade Centre ITC organized the 2nd virtual Regional Workshop on the African Trade Observatory ATO on 8 September 2021 for Experts from Ministries of Trade and National Statistics hellip
    ECOWAS Member States Meet to Review Development of the African Trade Observatory
     The African Trade Observatory seeks to provide real time and reliable data OUAGADOUGOU Burkina Faso September 12 2021 APO Group The ECOWAS Commission in collaboration with the International Trade Centre ITC organized the 2nd virtual Regional Workshop on the African Trade Observatory ATO on 8 September 2021 for Experts from Ministries of Trade and National Statistics hellip
    ECOWAS Member States Meet to Review Development of the African Trade Observatory
    Africa10 months ago

    ECOWAS Member States Meet to Review Development of the African Trade Observatory

    The African Trade Observatory seeks to provide real-time and reliable data

    OUAGADOUGOU, Burkina Faso, September 12, 2021/APO Group/ --

    The ECOWAS Commission, in collaboration with the International Trade Centre (ITC), organized the 2nd virtual Regional Workshop on the African Trade Observatory (ATO) on 8 September 2021 for Experts from Ministries of Trade and National Statistics Agencies, as well as representatives of Customs Authorities to review status of development of the Observatory.The African Trade Observatory, is one of the five African Continental Free Trade Area (AfCFTA) operational instruments along with the rules of origin; the online negotiating forum; the monitoring and elimination of non-tariff barriers; and the digital payment system, that was launched at the African Union 12th Extraordinary Summit held in July 2019 in Niamey – Niger.

    In his opening remarks, Mr. Kolawole SOFOLA, Acting Director of Trade, on behalf of H.E. Jean Claude Kassi Brou, President of the ECOWAS Commission, and Tei KNOZI, Commissioner for Trade, Customs and Free Movement, recalled the importance of the AfCFTA in achieving Sustainable Development Goals, the African Union (AU) Agenda 2063 and deepening the regional integration agenda. Before he declared the meeting open, he highlighted the expected benefits of the ATO for the ECOWAS region which include increased competitiveness, market opportunities for traders, and development of regional value chains and new sectors.

    This second regional meeting on the African Trade Observatory provided an update on the operational development of the observatory. During the meeting, ITC provided participants with an overview of the observatory, including its main features and how national experts can engage with the platform.

    The African Trade Observatory seeks to provide real-time and reliable data, as well as equip African businesses with trade intelligence on trends, opportunities, and market access conditions. Furthermore, the ATO Monitor module, empowers government agencies and policymakers in monitoring the AfCFTA implementation process and evaluating its impact on their economies. The African Trade Observatory has four main features including Automatic data transfer system; the Monitor module; the Business intelligence dashboard and the trade analysis unit. The West African Trade & Competitiveness Observatory being developed by the ECOWAS Commission in collaboration by ITC, under the framework of the West African Competiveness Programme, which is financed by the European Union, will further compliment the functions of the ATO.

  •  A new trade intelligence tool that enables firms to easily explore and compare trade opportunities across Africa has been released ahead of the start of trading under the new African Continental Free Trade Area The African Trade Observatory was rolled out by the African Union AU the European Union EU Commission and the International Trade hellip
    Joint Press Release – New tool enables African businesses to find continent-wide trade opportunities as the African Continental Free Trade Area (AfCFTA) begins in 2021
     A new trade intelligence tool that enables firms to easily explore and compare trade opportunities across Africa has been released ahead of the start of trading under the new African Continental Free Trade Area The African Trade Observatory was rolled out by the African Union AU the European Union EU Commission and the International Trade hellip
    Joint Press Release – New tool enables African businesses to find continent-wide trade opportunities as the African Continental Free Trade Area (AfCFTA) begins in 2021
    Africa2 years ago

    Joint Press Release – New tool enables African businesses to find continent-wide trade opportunities as the African Continental Free Trade Area (AfCFTA) begins in 2021



    A new trade intelligence tool that enables firms to easily explore and compare trade opportunities across Africa has been released ahead of the start of trading under the new African Continental Free Trade Area.

    The African Trade Observatory was rolled out by the African Union (AU), the European Union (EU) Commission and the International Trade Centre (ITC) at an AU summit on 5 December 2020. ‘Trade information is vital to the promotion of trade in Africa,’ AU Commissioner for Trade and Industry, H.E. Amb. Albert Muchanga said.

    The AfCFTA lowers trade barriers and promotes regional economic integration. Trading under the continent-wide area is set to begin on 1 January 2021. ‘Economic Integration is close to the heart of the European Union and will continue to support the African Union towards its endeavour of the African Common Market,’ European Union Commissioner for International Partnerships H.E. Jutta Uripilainen said.

    The African Trade Observatory is especially valuable for empowering the economic operators during this COVID-19 pandemic, ITC Executive Director Pamela Coke-Hamilton said. ‘Today, we are putting an entire continent of trade intelligence at the fingertips of African entrepreneurs, especially to support small local firms, women and young people in making the most of new opportunities’.

    The beta version of the web platform, currently available in French and English, was released during the 13th Extraordinary Session of the Assembly of Heads of State and Government on the AfCFTA. The Arabic and Portuguese versions will be available in the near future.

    Following the release of two publicly available modules (Compare and Explore), policymakers and Regional Economic Communities will have access to a third Monitor module. This module will provide a range of real-time indicators on trade flows, utilization of AfCFTA tariff preferences, tax revenues, clearance time and trade simulations, thereby facilitating the evaluation of the implementation process and impact of the AfCFTA.

  •  Energy conglomerate Sahara Group has canvassed increased private sector collaboration toward optimising food value chains to address global undernourishment Mrs Pearl Uzokwe Sahara Group s Director of Governance and Sustainability made the call in a statement on Tuesday in Lagos Uzokwe said global undernourishment prevalence stands at 687 8 million 8 9 per cent of global population according to the hellip
    Sahara Group urges global private sector collaboration to boost food security
     Energy conglomerate Sahara Group has canvassed increased private sector collaboration toward optimising food value chains to address global undernourishment Mrs Pearl Uzokwe Sahara Group s Director of Governance and Sustainability made the call in a statement on Tuesday in Lagos Uzokwe said global undernourishment prevalence stands at 687 8 million 8 9 per cent of global population according to the hellip
    Sahara Group urges global private sector collaboration to boost food security
    Economy2 years ago

    Sahara Group urges global private sector collaboration to boost food security

    Energy conglomerate, Sahara Group, has canvassed increased private sector collaboration toward optimising food value chains to address global undernourishment.

    Mrs Pearl Uzokwe, Sahara Group’s Director of Governance and Sustainability, made the call in a statement on Tuesday in Lagos.

    Uzokwe said global undernourishment prevalence stands at 687.8 million (8.9 per cent of global population), according to the Food and Agricultural Organisation (FAO) 2020 report on the state of food security and nutrition in the world.

    She said the FAO report also recorded the prevalence of severe food insecurity at 746.0 million, which translates to 9.7 per cent of global population.

    According to her, further review of the report shows that sub-Saharan Africa alone has severe food insecurity prevalence of 227.5 million, which is 21.3 per cent of African population.

    Uzokwe said the report cited undernourishment as a measure of the insufficiency of an individual’s food consumption to provide the amount of dietary energy required to maintain a normal, active and healthy life.

    She noted that food insecurity refers to limited access to food at the level of individuals or households due to lack of money or other resources.

    Uzokwe said collaboration among regional and global businesses would increase investments in sustainable food and agricultural projects and create avenues for better engagement with governments and global development agencies.

    She said the requirement for global healthy diet cost estimated at $3.75/person/day and $3.84/person/day makes achieving nutritious food for all a herculean task given that the cost of a healthy diet exceeds the international poverty line of $1.90 purchasing power parity (PPP) per person per day.

    “The COVID-19 pandemic has shown how much progress we can all make when businesses toe the path of collaboration.

    “Addressing food security across the globe is a quest that requires urgent attention to ensure that no individual is left behind.

    “Sahara Group is already witnessing how effective multi-stakeholder cooperation can be with the ongoing implementation of the Food Africa Project,” she said.

    According to Uzokwe, increased investment will help to address low levels of productivity, high production risks, insufficient diversification toward more nutritious foods and lack of physical access to food markets.

    She noted that collaboration would also facilitate the emergence of vibrant trade policies that will give traction to food production, improve food safety and quality standards.

    “We will ultimately move the world toward robust food value chains that will enhance food storage, road infrastructure, and food preservation capacity where heart breaking losses exist for highly perishable foods,” Uzokwe added.

    She said the Food Africa Project was a collaborative initiative between Sahara Group, United Nation’s Sustainable Development Goals-Fund (SDG-F), Food and Agriculture Organisation of the United Nations (FAO).

    Uzokwe said others are the International Labour Organisation (ILO), International Trade Centre (ITC), Roca Brothers and the Kaduna State Government and the programme was directed at empowering the people and alleviating poverty through food security.

    (
    Edited By: Peter Ejiofor)
    Source: NAN

  •  The Nigerian Export Promotion Council NEPC says it has trained no fewer than 2 000 women entrepreneurs in the export sector in conjunction with the International Trade Centre ITC for international competitiveness The NEPC Executive Director Mr Olusegun Awolowo said this during a capacity building and export skill acquisition workshop for women entrepreneurs in Akure on Thursday The hellip
    NEPC, ITC train 2000 women entrepreneurs for international competitiveness- Awolowo
     The Nigerian Export Promotion Council NEPC says it has trained no fewer than 2 000 women entrepreneurs in the export sector in conjunction with the International Trade Centre ITC for international competitiveness The NEPC Executive Director Mr Olusegun Awolowo said this during a capacity building and export skill acquisition workshop for women entrepreneurs in Akure on Thursday The hellip
    NEPC, ITC train 2000 women entrepreneurs for international competitiveness- Awolowo
    Economy2 years ago

    NEPC, ITC train 2000 women entrepreneurs for international competitiveness- Awolowo

    The Nigerian Export Promotion Council (NEPC) says it has trained no fewer than 2,000 women entrepreneurs in the export sector in conjunction with the International Trade Centre (ITC) for international competitiveness.

    The NEPC Executive Director, Mr Olusegun Awolowo, said this during a capacity building and export skill acquisition workshop for women entrepreneurs in Akure on Thursday.

    The workshop was tagged: “She Trade: An Opportunity for Women Entrepreneurs to Acquire Export Knowledge in the Post- Covid-19 Era.”

    Awolowo, who was represented by Mrs Iyabode Abe, the NEPC  Trade Promotion Advisor (TPA) in Akure,  said that the NEPC had been involved in several capacities for women in export programmes.

    He said that NEPC had partnered with several international outfits to organise the “She Trade initiatives,Women Breaking Export Barriers” in collaboration with the ITC.

    The executive director said that women had also benefitted from Matching Nigeria Women with Potential Buyers and She Trade in the Commonwealth projects.

    According to him, NEPC in the last five years, has been taking pragmatic steps to redesign non-oil export direction through a programme tagged: the Zero Oil Plan.

    Awolowo  urged the women entrepreneurs to be dynamic, information-driven and knowledge-based so as to be successful in their export endeavours.

    In her paper presentation, Mrs Leticia Onu of Women Export Unit, NEPC Office, Abuja, said that NEPC had given Nigerian women a lot of opportunities to promote their businesses.

    “We have a number of capacity building programmes and they can benefit from our international trade fair abroad. We spearhead the international participation of Nigerians in international exhibitions.

    “Women are mostly invited in order to connect them.

    “She-Trade is one of the programmes for women and it is intended to get over three million involved globally and Nigeria is targeting at least 300,000 women to connect them with this market.

    “We are encouraging women to register and be visible in this market.

    “We need to empower women and promote their businesses in international market,” she said.

    Onu urged the participants to be technologically-driven and be involved in workshops and seminars for their business growth.

    Mr Greatseyi Akintunde, the state Chairman of National Association of Small Scale Industrialists (NASSI), advised the participants to get their businesses registered so as to to benefit from the government’s economic largesse.

     Mrs Modupe Olakunle, the President of Ondo State Chambers of Commerce, Industries, Mines and Agriculture (OSCCIMA), applauded the She Trade initiative and described the workshop as most appropriate at the moment.

    Two of the participants, Mrs Juliet Olatunde and Mrs  Jennifer Balogun, lauded the programme for enabling them to know the strategies on selling their products through online means.

    Á


    Edited By: Folorunso Poroye/Tajudeen Atitebi (NAN)