BIZweek n°331 26 fév 2021
BIZweek n°331 26 fév 2021
  • Prix facial : gratuit

  • Parution : n°331 de 26 fév 2021

  • Périodicité : hebdomadaire

  • Editeur : Capital Publications Ltd

  • Format : (260 x 370) mm

  • Nombre de pages : 9

  • Taille du fichier PDF : 2,3 Mo

  • Dans ce numéro : interview de Subrahmanyam Jaishankar.

  • Prix de vente (PDF) : gratuit

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VENDREDI 26 FÉVRIER 2021 BIZWEEK ÉDITION 331 BIZ ALERT AFRICA Private Sector Firms Join Push for AfCFTA Agenda Private sector lobbies in Africa’s six regional trading blocs have formedthe African Business Council, a continentalumbrella body to spearhead the business agenda for the African Continental Free Trade Area (AfCFTA) The council – with its headquarters at the African Union offices in Addis Ababa, Ethiopia – has been carved out of the six regional trading blocs, these are the East African Community (EAC), Southern African Development Community (SADC) ; Common Market for Eastern and Southern Africa (COMESA) ; Southern African Customs Union (SACU) ; Economic Community of West African States (ECOWAS), and the Economic and Monetary Community of Central Africa (CEMAC). According to East African Business Council (EABC) chief executive, Dr Peter Mathuki, the council has been long in the making. « We are in discussion with the AfCFTA Secretariat with the aim of strengthening the role and mandate of the private sector in driving the continent’s business agenda through the six regional blocs. » « During the last AU summit in Niger, EABC proposed that we needed to have this kind of structure. We then co-ordinated with other regions to formthe African Business Council, » said Dr Mathuki. In a recent meeting with the private sector in Nairobi, the secretary-general of the AfCFTA, Wamkele Keabetswe Mene, challenged the region’s business community to take fulladvantage of the AfCFTA. African countries have collectively undertaken commitments to liberalise substantially all trade by makes searching simple Creating One African Market eliminating tariffs on 97 per cent of tariff lines — over a specified period of time. « The remaining three percent of the tariff lines — in fact the Exclusion List — are those products on which no reduction in tariffs would be proposed, » he said. The AfCFTA Secretariat is currently in receipt of 41 tariff offers/concessions, representing 75 percent of African Union membership. Signature of a loan assistance and a grant assistance between Japan and Mauritius On 22nd of February 2021, Kawaguchi Shuichiro, Ambassador Extraordinary and Plenipotentiary and Dr Renganaden Padayachy, Minister of Finance and Economic Planning and Development signed and exchanged the notes in Port Louis, concerning Grant Assistance of 600 million yen, approximately 226 million rupees. This is under the framework of the « Economic and Social Development Programme » for targeting to reinforce the country’s maritime safety and security. The funds will be used to procure equipment and to allow the Government of Mauritius to strengthen its capacity in the field. Wall Street’s Home State Moves to Tax Trading With governments scrambling to pay for pandemic costs, many eyes are turning to Wall Street, a largely untaxed industry that has generated enormous windfalls for the wealthy throughout the crisis. Under one pending New York State bill, traders would pay a five-cent tax on every share trade valued at more than $20. The proposal would raise as much as $20 billion a year and has support from 54 Assembly members, as wellas from labor unions and even a few fiscal conservatives. Former McKinsey chief economist James S. Henry points out that this tax has actually been on the books since 1905, but the government has rebated it since 1979, costing the state more than $344 billion in the process. In a submission to the New York Assembly, Henry and three international tax justice experts explain how this state-level action would build momentum for similar proposals in the U.S. Congress and in the European Union. Official online directory of Mauritius Telecom Business People 3

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