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Pan African Chamber of Commerce and Industry (PACCI) Press Release April 10-11, 2016

27 April 2016
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The Pan African Chamber of Commerce and Industry (PACCI)

Executive Council Meets in Addis Ababa, Ethiopia

 

 April 12, 2016 – Addis Ababa, Ethiopia - The Executive Council of the Pan African Chamber of Commerce and Industry (PACCI) held its 9th Executive Council Meeting in Addis Ababa, Ethiopia on 10-11 April 2016.   

PACCI represents business communities, Chambers of Commerce and Industry, and other business support organizations in Africa. Membres of the Executive Council include: Chambre Algérienne de Commerce et d'Industrie, Fédération des Chambres de Commerce et d'Industrie et de Services du Maroc– Khémisset, Chambre de Commerce et d'Industrie Inde-Congo (C.C.I/I.C), Chambre de Commerce, d'Industrie, d'Agriculture et des Metiers de Brazzaville, Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), Chambre Fédérale de Commerce et d'Industrie de Burundi (CFCIB), Ghana National Chamber of Commerce and Industry, Nigerian Association of Chambers of Commerce Industry Mines and Agriculture, Seychelles Chamber of Commerce and Industry, Zimbabwe National Chamber of Commerce. The Council is currently chaired by Dr. Appiagyei Dankawoso of the Ghana Chamber of Commerce and Industry, for the term 2014-2016.

The 2016 executive council discussed PACCI’s activities and finances for the year 2015 and reviewed progress and priorities for the next five years (2016-2020). Council members stressed the need to promote aggressive information campaign in support of the Continental Free Trade Area (CFTA) in Africa. It directed the Executive Director of PACCI to foster closer cooperation between the African Union Commission and PACCI in order to coordinate private sector’s perspective on the role of the CFTA integration process and in overcoming obstacles to intra-regional trade. The Council also recommended the PACCI Secretariat to develop closer coordination with regional economic communities and the private sector representatives in the sub regions. The First Vice President of PACCI and the President of Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), Mr. Solomon Afework noted during the meeting that the private sector is a key partner in making the Free Trade Area a success and that its involvement in the entire process is critical and essential.     

The Council further made a number of recommendations, such as:

  • Improving coordination and the sharing of information between African Chambers of commerce to help drive long-term growth and development;
  • Building partnerships between African national chambers of commerce and regional development organizations in order to promote trade and investment to realize the continent’s maximum long-term economic potential;
  • Building fruitful relationships with regional economic communities such as ECA, ECOWAS, SADC to promote economic growth, and job creation;
  • Developing and strengthening PACCI to become an effective voice of business for enhanced continental cooperation and integration

Assessing the latest economic trends and challenges, PACCI Executive Director, Mr. Kebour Ghenna, said that growth according to the World Bank in Sub-Saharan Africa declined to 3% in 2015 from 4.5% in 2014, due to low commodity prices, weak global growth, rising borrowing costs, and adverse domestic developments in many countries.  The slowdown, according to the World Bank, was especially sharp in the region’s largest commodity exporters  But there were some bright spots, such as Côte d’Ivoire, which continued to experience robust, broad-based growth, supported by rising investment, and Kenya and Rwanda, where growth remained strong, helped by infrastructure spending, strong consumer demand, and a growing service sector.  He said that African businesses need a confidence boost and that government should act to minimize uncertainty and boost opportunity. 

Finally the Meeting thanked the Trade and Industry Division and the Economic Affairs Division of the African Union for their precious support to strengthen the Pan African Chamber of Commerce and Industry (PACCI).   

For more information or to speak to an expert from PACCI about this matter please contact Mr. Leul Wondemeneh, Program Manager at This email address is being protected from spambots. You need JavaScript enabled to view it.

  • FIRST INTRA-AFRICAN TRADE FAIR 2018 in Cairo!

    FIRST INTRA-AFRICAN TRADE FAIR 2018 in Cairo!

    The Intra-African Trade Fair 2018

    The Rationale for the Trade Fair

    Analysis by the African Export- Import Bank (Afreximbank) shows that one of the main reasons why intra-African trade is low at around 15% compared to Europe (59%), Asia (51%), and North America (37%) is because of lack of access to trade and market information. To address this challenge, Afreximbank decided to, among other initiatives, convene the Intra-African Trade Fair every two years to provide trade and market information and connect buyers and sellers from across the continent.

    What IATF 2018 has to offer?

    The Intra-African Trade Fair is the first of its kind in Africa, consisting of a 7-day trade show that provides a platform for sharing trade, investment and market information and enabling buyers and sellers, investors and countries to meet, discuss and conclude business deals. It provides an opportunity for exhibitors to showcase their goods and services, engage in Business to Business (B2B) exchanges and conclude business deals.

    IATF provides a platform for entry into a single market of over one billion people joined together under the African Continental Free Trade Area.

    Primary Objectives of the Intra-African Trade Fair

    1. To bring together continental and global players to showcase and exhibit their goods and services, and to explore business and investment opportunities in Africa
    2. To serve as a marketplace where buyers and sellers of goods and services meet and explore business opportunities
    3. To provide a platform for B2B exchanges and development of business opportunities
    4. To share trade, investment and market information with stakeholders including investors, SMEs, the informal sector, Africans in Diaspora, and to identify solutions to address the challenges affecting intra-African trade
    5. For Afreximbank and other financial institutions, to share information about their trade finance and trade facilitation interventions that will support intra-African trade
    6. To discuss topical issues affecting intra-African trade and provide practical and effective solutions
    7. To deploy multi-country and multi-company pavilions that will serve as one-stop shop for intra-African trade and investment opportunities in Africa

    What is Intra-African Trade?

    Afreximbank defines intra-African Trade as the trade in goods and services between or among African countries and the flow of goods and services between Africa and Africans in the Diaspora. The scope of intra-African Trade has also been broadened to include informal cross border trade to enable the Bank to design special products and dedicate resources to formalize this trade. 

    Afreximbank Strategy to promote Intra-African Trade

    The Trade Fair is informed by Afreximbank’s strategy for the promotion of Intra-African Trade. The strategy can be summarized under three key pillars: Create, Connect and Deliver

    Create: This pillar supports the production of goods and services with a view to enhancing engagement in regional trade. It seeks to build capacity for the expansion of production and processing capabilities, with a focus on agricultural production, agro-processing, manufacturing and services.

    Connect: Afrexim seeks to provide traders with links to various markets on the continent. The Bank aims to identify institutions and agents that are able to facilitate the connection of demand and supply across markets. This pillar is central to the trade fair, which is aimed at bringing relevant entities together and facilitating business growth and opportunities.

    Deliver:  Here the focus is on facilitating the provision of efficient and cost-effective distribution channels within the continent. This includes the creation of transport logistics, storage and service payment systems, and buyer-financing arrangements which will help to accelerate the flow of goods and services to buyers, thereby creating a market.

    The Trade Fair will contribute towards the bank’s objective to increase intra-African trade from USD170 billion in 2014 to USD 250 billion and by so doing, ensure that intra-African trade share of Africa’s total trade reaches 22% by 2021. “Conservatively, intra-Africa trade is a USD 6 trillion opportunity for Africa in the short term and USD 12 trillion in the long term” (Amy Jadesimi: Forbes, May 23 2017). Afreximbank will use the Trade Fair as well as other interventions to assist the continent to realise its trade potential and achieve positive transformation for Africa.

    REGISTRATION : http://www.intrafricantradefair.com/

     

  • ENGIE confirms solar plan for Africa at Energy Forum in Mauritius

    ENGIE confirms solar plan for Africa at Energy Forum in Mauritius

    The French utility, ENGIE, has announced its plans to launch off-grid energy in Africa at the Africa Energy Forum. The news was revealed at the event, which took place between 19-22 June in Mauritius, with ENGIE confirming it intends to expand its solar home system (SHS) and mini-grid activities. Through its unit, ENGIE PowerCorner, the firm will introduce new mini-grid projects to Zambia, whilst the Fenix subsidiary will target Côte d’Ivoire with its SHS. The recent plans are part of the company’s ultimate goal to supply access to decarbonised, decentralised energy provision to 20mn people globally by 2020.

    “Advances in decentralised energy put universal access within reaching distance, but the scale of the challenge is significant,” stated Yoven Moorooven, CEO of ENGIE Africa. “As governments work hard to improve electrification rates, decentralised solutions must be part of the mix.” “The extension of national grids, combined with the development of local mini-grids and solar home systems can together be a viable solution towards the UN's 7th Sustainable Development Goal, provision of affordable, reliable, sustainable and modern energy for all.” “Demand for clean and safe energy across Africa is continuing to increase, and the supply needs to rise in both speed and quantity.” “It is encouraging to see a number of African governments and regulators putting renewable energy at the core of their energy policies and implementing much-needed supporting regulations.” (African Business Chief)

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The Pan African Chamber of Commerce and Industry was established in 2009 by 35 founding national business chambers to influence government policy and create a better operating environment for business.

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