Press release: UK-Southern African trade: boosting UK and African economies

first_imgTrade Minister George Hollingbery said: this support can take the form of loans, guarantees and insurance to help UK exporters win, fulfill and get paid for exports, and offer their overseas buyers attractive financing terms alongside high-quality goods and services UK Export Finance, the UK’s export credit agency, provides export finance support, to ensure no viable export fails due to lack of finance or insurance from the private sector this announcement follows substantial increases to UK Export Finance’s appetite for 10 African markets over the last 18 months, as well as the introduction of support in 16 African countries About UK Export Finance: This week’s visit with the Prime Minister has highlighted the importance of the UK increasing trade with our partners in Southern Africa, through transitioning existing trade arrangements, supporting exporters and reducing barriers to trade. Our trade relationship with the region is already worth £10 billion, and trade is a key driver of economic growth for both Southern Africa and the UK and will support UK producers and value chains, as well opening up new markets for UK exporters. Today’s announcement is the most advanced statement of progress to date with around 40 existing EU trade agreements that the UK is transitioning, and an important step in positioning the UK as a global champion of free trade and development. Strengthening our partnerships with Southern African nations demonstrates that the UK is committed to deepening our relationships across the world as part of our Global Britain vision. The UK-Southern African Economic Partnership Agreement is a key element of a package of measures to boost African growth outlined by the Prime Minister, who highlighted that Africa’s long-term success matters to the UK, so it is in the world’s interest to help secure African jobs and growth.Trade Minister George Hollingbery, who is joining Theresa May for her Africa visit, met with his counterpart from Botswana, who represented the trade ministers from the 5 Southern African Customs Union countries (South Africa, Botswana, Lesotho, Namibia and Eswatini (Swaziland)) and Mozambique.Today in Cape Town, Minister Hollingbery and Minister Kenewendo signed a joint statement confirming that our trade agreement will be ready to enter into force as soon as the EU deal no longer applies to the UK. This means that UK consumers will be able to continue to enjoy Southern African wine, tea and fruits, among other popular goods, helping to support Southern African producers and exporters.Further, UK businesses will continue to be able export goods including cars, motor parts and pharmaceutical products into Southern African economies – the overall trading relationship between the UK and these countries is worth nearly £10 billion annually.This is one part of a package of trade measures to bring the transformative power of private sector trade and investment from the UK to Africa, a continent that is home to 16% of the world’s people but just 3% foreign direct investment and 3% of global goods trade.Other measures, which are all part of the UK’s new and distinctive offer to work alongside, invest in, and partner with African nations for our mutual benefit, include: the UK government has made an extra £5.5 billion in support from UK Export Finance available to 8 markets across Africa, supporting UK-Africa trade – this includes Algeria, Benin, Burkina Faso, Cote d’Ivoire, Mauritius, Morocco, Senegal and Tunisia a new Prosperity Fund programme of up to £8 million will support implementation of the new UK-Southern African Economic Partnership Agreement – the funding will increase trade with and within Southern Africa by helping to remove barriers to trade, and in doing so expand import and export opportunities for UK and African businesseslast_img read more

Sugar Ray says boxingnot dead, rival Duran not so sure

first_imgBy Rory CarrollLOS ANGELES (Reuters) – American boxing great Sugar Ray Leonard says that while the sport may not be the national obsession it was during his prime, it is still healthy, an assertion disputed by longtime rival-turned-friend Roberto Duran.In a joint interview to promote a new film on the Panamanian’s career, entitled “I Am Duran”, the former enemies traded barbs – and laughs – about the state of the sport as well as the nature of their historic battles which captivated the sporting world in the 1980s.“Boxing is not dead like some say it is,” said Leonard, who lost his WBC Welterweight title to Duran in the “Brawl in Montreal” in 1980 before winning it back in an infamous rematch later that same year. “But the sport itself has to fix itself. Don’t just say you’re the best – show the people or the fans that you are the best by fighting the best and let them be the judge,” he told Reuters.Duran, 67, made it clear he did not think much of the current crop of fighters. “No respect,” he said through an interpreter when asked about the personalities who populate the ring today, such as heavyweight world champion Anthony Joshua and WBC heavyweight titleholder Deontay Wilder.“We were born in the time period of the real fighters,” he said. “If you compare today’s boxers to the boxers like us from back in those days, these guys would have never won.”Duran, who fought his way out of poverty to become an icon in his native Panama, said he did, however, like Mexican Saul “Canelo” Alvarez, who currently holds three of the four middleweight titles.“I admire the Mexican kid who obviously is doing very well. I always think that Americans are the ones making the big bucks here in this sport,” he said.“However, we have Canelo now. He’s not only a Mexican but he’s also a Latino who’s doing really well and making a lot of money.”‘WHO HIT THE HARDEST?’ Leonard said Duran, whose relentless, aggressive fighting style and punishing punches earned him an astounding 103-16 career record, is among the best he ever faced.“People ask me that all the time, who hit you the hardest?” Leonard said.“And a lot of times I say Roberto Duran because Duran hit me so hard — and so many times in so many illegal places — that it felt like a few people in the ring,” he said, flashing his trademark smile.“He was so quick and so elusive. Just an amazing, amazing champion.”Leonard, who won 36 and drew one of his 40 fights, said he lost the first meeting with Duran, a 15-round unanimous decision, in part because he chose to stand toe to toe with Duran instead of relying on his superior speed. Leonard has said he wanted to hurt Duran after he made disparaging remarks about Leonard’s wife in the lead up to the fight, the only fight Leonard said he ever went into angry.The two would face off in a rematch later that year in a fight dubbed “No Mas” after Duran shocked the world by quitting midway through the eighth round.Leonard successfully changed his tactics in the rematch, moving constantly and taunting Duran in ways that unnerved the champion. Duran said he was forced to stop fighting due to overwhelming muscle pain that he said was connected to the rapid weight loss he went through to make the weight for the rematch.Duran, who is known for his acerbic wit and love of a good time, had packed on the pounds while celebrating his win over Leonard.But time heals all wounds and Leonard says he is happy to call him a friend, even if it took some getting used to.“It seems so surreal when I see him because the first thing I want to do is do this,” said Leonard, putting up his fists. “But in all sincerity, I love this guy. This guy made me the fighter I am today.”last_img read more

Julius Yego Leads Last Batch of Athletes into Asaba

first_imgThe last set of expected athletes at the African Championships all arrived in Asaba ahead of yesterday’s Opening Ceremony.Leading in the last set of athletes to the Delta State capital was former World Champion in the Javelin event, Julius Yego.According to Olukayode Thomas, Head of Media and Publicity for the African Championships, Yego who came in with Team Kenya said they were happy to finally be on the in Asaba to compete with the rest of the continent. While admitting that the past days have been hectic for Team Kenya and some few other countries, Yego who is one of the top names at this year’s championship said they would have to catch their breath fast and get ready for action.Despite the glitches in their travel schedule, Team Kenya remains resolute in their plan to conquer the continent in Asaba.Speaking on arrival at the Asaba Airport, the Leader for Team, Peter Mutai said they have gotten behind them their delayed travel to Asaba and are now focus on winning as many medals as possible.“We are glad we are here now, as I said when we came for the DRM meeting we are coming to win as many medals as possible. Despite the hiccups here and there which of course it happens; especially with the number of people coming into Nigeria at the same time we are still focused on taking all the medals. This is a big team from Kenya, with almost 65 athletes and we are focused on what we came here to do,” Mutai stated.Aside from Team Kenya, the remaining batches of athletes from Egypt, Cameroon, Sierra Leone, South Sudan among others all arrived yesterday before the opening ceremony.The Asaba 2018 is a record-breaking event as 52 countries are on parade for the next five days in the newly-completed Stephen Keshi Stadium.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more