News & Events
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International Trade Centre (ITC) and African Union Commission (AUC) sign MOU to unlock intra-African trade
The International Trade Centre (ITC) and the African Union Commission (AUC) joined forces by signing a momentous memorandum of understanding. This agreement aims to foster inclusive trade by integrating small enterprises into the regional economy of Africa, unlocking their potential to thrive amidst the rise of intra-African trade. Additionally, it seeks to facilitate the exchange of valuable trade information and market intelligence through the establishment of the African Trade Observatory. Through this collaborative effort, the ITC and AUC strive to empower small businesses and promote economic growth across the African continent.
Read the original article here: https://www.africa-newsroom.com/press/international-trade-centre-itc-and-african-union-commission-auc-sign-agreement-to-empower-small-businesses-to-unlock-intraafrican-trade?lang=en
African Union Day
African Union Day is celebrated in various ways throughout Africa and by African communities around the world. It is an opportunity to reflect on Africa’s history, achievements, and challenges, as well as to highlight the continent’s rich cultural heritage. The day often features events such as parades, cultural performances, discussions on African unity and progress, exhibitions, and seminars. The African Union uses this day to reaffirm its commitment to the development and integration of Africa. It also provides an opportunity for African leaders and citizens to discuss and address the continent’s pressing issues, such as poverty, conflict, governance, and sustainable development.
IMF says Britain no longer faces recession this year
The International Monetary Fund (IMF) revises its previous prediction stating that it no longer anticipates a recession in Britain for this year. The IMF commended the government’s efforts to stabilise the economy, combat inflation and cautioned against implementing tax cuts before the upcoming elections. According to the IMF, the country’s gross domestic product (GDP) is now expected to grow by 0.4% in 2023, in contrast to the earlier forecast of a 0.3% contraction made in April.
Read the original article here: https://www.reuters.com/world/uk/imf-says-uk-no-longer-heading-recession-2023-2023-05-23/
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