Nigeria, Kenya, South Africa, Egypt To Start Free Trade Zones ... NTA News,Nigeria

[Sammuel999]

hello Kenyans things continue getting better for us business men on a daily basis


Nigeria is to establish a free trade zone with three other African countries.
They include Kenya, South Africa and Egypt.
The Minister of Foreign Affairs, Geoffrey Onyeama made this known while briefing the media on the outcome of the Tokyo International Conference on African Development, TICAD, which was attended by President Mohammadu Buhari in Kenya.
He said the four countries had already worked out modalities for establishing the zone.
Mr Onyeama clarified that the zone was different from the planned free trade zone of the Africa Union.
The Minister said President Buhari has put in place initiatives that would improve Nigeria’s ranking of World Bank Ease of Doing Business.
Currently, Nigeria is ranked one hundred and sixty nine of the one hundred and eighty nine countries on the Ease of Doing Business.
According to him, an Inter-Ministerial Committee has been set up under the Chairmanship of Vice President Yemi Osinbajo to put in place mechanism for the achievement of the project.
Mr. Oyeama gave an insight to of those issues that would be considered by the committee.
The Minister said the Japanese government also expressed their support to the country’s push for reforms at the United Nations.
The TICAD was being held every five years since its inception in 1993 until the conference in 2003 decided that it should be convened every three years. The TICAD VI held in August in Nairobi, Kenya, was the first to be held in Africa.

 

[Barbarosa]

hello Kenyans things continue getting better for us business men on a daily basis


Nigeria is to establish a free trade zone with three other African countries.
They include Kenya, South Africa and Egypt.
The Minister of Foreign Affairs, Geoffrey Onyeama made this known while briefing the media on the outcome of the Tokyo International Conference on African Development, TICAD, which was attended by President Mohammadu Buhari in Kenya.
He said the four countries had already worked out modalities for establishing the zone.
Mr Onyeama clarified that the zone was different from the planned free trade zone of the Africa Union.
The Minister said President Buhari has put in place initiatives that would improve Nigeria’s ranking of World Bank Ease of Doing Business.
Currently, Nigeria is ranked one hundred and sixty nine of the one hundred and eighty nine countries on the Ease of Doing Business.
According to him, an Inter-Ministerial Committee has been set up under the Chairmanship of Vice President Yemi Osinbajo to put in place mechanism for the achievement of the project.
Mr. Oyeama gave an insight to of those issues that would be considered by the committee.
The Minister said the Japanese government also expressed their support to the country’s push for reforms at the United Nations.
The TICAD was being held every five years since its inception in 1993 until the conference in 2003 decided that it should be convened every three years. The TICAD VI held in August in Nairobi, Kenya, was the first to be held in Africa.

Wakenya wasijaze mdomo mwishowe wakashindwa kutafuna kwa maana wanataka EPA, hapo hapo sijui kuna comesa ambapo vita ya Misri dhidi ya Kenya khs sukari sijui iliisha vp isije kuwa Uhuru Kenya anasukumwa na maslahi binafsi na siyo ya nchi ya Kenya kwamba labda anataka kampuni yake ya Maziwa iweze kuuza Nigeria na nchi nyingine bila kuangalia bigger picture!
Kwa maana sijawahi kuona nchi ikifanya negotiation on multiple free trade agreements nijuavyo mimi ni moja baada ya nyingine ni lazima kwanza uwe na muda ya kufanya tathmini na kuona kama trade agreement x imefanikiwa kwa kiasi gani kabla ya kwenda next!

 

[Sammuel999]

kuna mtu anakuongelesha???? So uwache pang'ang'a mingi jipe shugli nguchiro!!!

 

[Quickly]

kuna mtu anakuongelesha???? So uwache pang'ang'a mingi jipe shugli nguchiro!!!

majamaa wa ngoja ngoja, subiri subiri hadi kero. Wanaume wa kuunda jopo au kikao kujadili kama watakunywa maji kwa glass au bakuli. Wanaume wenzao wakisha jadiliana na kuafikiana, wao wanajitokeza ghafla bin huu na kuweka chumvi kwenye chai kisa sijui interests zao hazijazingatiwa.,huku wametia kimya muda wa mahojiano ....... Si unawajua tu.

 

[EngineerLMG]

Wakenya wasijaze mdomo mwishowe wakashindwa kutafuna kwa maana wanataka EPA, hapo hapo sijui kuna comesa ambapo vita ya Misri dhidi ya Kenya khs sukari sijui iliisha vp isije kuwa Uhuru Kenya anasukumwa na maslahi binafsi na siyo ya nchi ya Kenya kwamba labda anataka kampuni yake ya Maziwa iweze kuuza Nigeria na nchi nyingine bila kuangalia bigger picture!
Kwa maana sijawahi kuona nchi ikifanya negotiation on multiple free trade agreements nijuavyo mimi ni moja baada ya nyingine ni lazima kwanza uwe na muda ya kufanya tathmini na kuona kama trade agreement x imefanikiwa kwa kiasi gani kabla ya kwenda next!

Wewe kaa chini, tulia, na uone tunavyojiinua.

kuna mtu anakuongelesha???? So uwache pang'ang'a mingi jipe shugli nguchiro!!!

Bruh, I don't think kuitana "nguchiro" ni kitu poa.

 

[collinss]

Wanaume wa kuunda jopo au kikao kujadili kama watakunywa maji kwa glass au bakuli.

Hahaaaa...umenimalisa.

 

[Ta-kibombo]

Tz Nchi makini atukurupuki.Ova

 

[Sammuel999]

majamaa wa ngoja ngoja, subiri subiri hadi kero. Wanaume wa kuunda jopo au kikao kujadili kama watakunywa maji kwa glass au bakuli. Wanaume wenzao wakisha jadiliana na kuafikiana, wao wanajitokeza ghafla bin huu na kuweka chumvi kwenye chai kisa sijui interests zao hazijazingatiwa.,huku wametia kimya muda wa mahojiano ....... Si unawajua tu.

hahahaha Kali hii

 

[MK254]

Walking around with giants, ndio ligi yetu hiyo, sio mambo ya kuzinguana na walio chini au nyuma yetu.

 

[orina]

Nice move

 

[nomasana]

hello Kenyans things continue getting better for us business men on a daily basis


Nigeria is to establish a free trade zone with three other African countries.
They include Kenya, South Africa and Egypt.

buda....link iko wapi?

 

[Mpendwa1]

buda....link iko wapi?

Nligoogle nkaipata hapa...
Nigeria, Kenya, South Africa, Egypt To Start Free Trade Zones –FG

 

[nomasana]

Nligoogle nkaipata hapa...
Nigeria, Kenya, South Africa, Egypt To Start Free Trade Zones –FG

asanta

 

[Mr Q]

here is a question

what goods will be exported from kenya?
I guess there shallbe massive importation of goods from S. Africa and Nigeria.

 

[Kafrican]

here is a question

what goods will be exported from kenya?
I guess there shallbe massive importation of goods from S. Africa and Nigeria.

Relax, We got this...


Last year, Kenya imported goods valued at $200 million and re-exported goods worth $520 million. Egypt came in second, exporting goods worth $490 million and importing from other COMESA member states goods valued at $180 million. Zambia ranked third, selling goods worth $300 million and re-exporting products valued at $100 million. It however, bought an equally higher amount worth $290 million.
Kenya emerges as business hub of COMESA



Nigeria will be the new kid in the new kid in the block, 70% of there export is oil, kenya imports all its oil so no problem there, the other thing Nigeria is good at exporting is big banks and finantial services, i dont think those fall under the treaty, but even if they did, the kenyan market is alreadt saturated..... the rest of comodities, like rice,sugar,tomatoes,manufactured products....nigeria ptoduces in plenty, but with there 180million population, it can hardly satisfy them for them to export any suplus...

 

[Kafrican]

here is a question

what goods will be exported from kenya?
I guess there shallbe massive importation of goods from S. Africa and Nigeria.

Most of the things they e port, are things that we dont export, or we dont have at all


Nigeria’s Top 10 Exports
The following export product groups represent the highest dollar value in Nigerian global shipments during 2014. Also shown is the percentage share each export category represents in terms of Nigeria’s overall exports.
1. Oil: US$94,882,576,000 (96.9% of total exports)
2. Cocoa: $705,644,000 (0.7%)
3. Oil seed: $278,420,000 (0.3%)
4. Raw hides excluding furskins: $268,513,000 (0.3%)
5. Ships, boats: $213,441,000 (0.2%)
6. Copper: $174,174,000 (0.2%)
7. Rubber: $166,288,000 (0.2%)
8. Aluminum: $157,045,000 (0.2%)
9. Ores, slag, ash: $137,092,000 (0.1%)
10. Wood: $101,382,000 (0.1

 

[Smatta]

Relax, We got this...


Last year, Kenya imported goods valued at $200 million and re-exported goods worth $520 million. Egypt came in second, exporting goods worth $490 million and importing from other COMESA member states goods valued at $180 million. Zambia ranked third, selling goods worth $300 million and re-exporting products valued at $100 million. It however, bought an equally higher amount worth $290 million.
Kenya emerges as business hub of COMESA



Nigeria will be the new kid in the new kid in the block, 70% of there export is oil, kenya imports all its oil so no problem there, the other thing Nigeria is good at exporting is big banks and finantial services, i dont think those fall under the treaty, but even if they did, the kenyan market is alreadt saturated..... the rest of comodities, like rice,sugar,tomatoes,manufactured products....nigeria ptoduces in plenty, but with there 180million population, it can hardly satisfy them for them to export any suplus...

Good analysis