mcdan

October 26, 2022
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Chief Executive Officer of McDan Group of Companies, Daniel Mckorley, has urged entrepreneurs in the country to be resilient and take advantage of the current macro-economic conditions to build a solid foundation that can propel their businesses to transcend the country’s borders, by leveraging on the Africa Continental Free Trade Area (AfCFTA).

According to him, just as businesses were able to innovate and adopt technology to survive the shocks of the COVID-19 pandemic in 2020, similar tenacity is required from entrepreneurs in these trying times to survive but, this time around, the ability to look beyond the borders of this country should be their target.

He added that the hardship being experienced now does not spell all doom or gloom, but rather key attention must be paid to the significant level of ease of mobility that has been restored through technology.

“As I always say, in adversities like these real leaders emerge; stronger and more resilient countries are seen; and able countries take advantage to become the new economic force. And similarly, it is in times of adversities like this that innovative entrepreneurs emerge and become the world’s new game-changers.

It is not all doom and gloom; this is the time when Ghanaian entrepreneurs must take advantage of what is happening and launch products that will penetrate the AfCFTA. This is because it is in times like these that we see stronger businesses, and I believe this is the opportunity for vibrant, strong, young entrepreneurs to get ready and lead the fourth industrial revolution,” he said.

Dr. Mckorley further mentioned that his organisation is committed to promoting trade in the sub-region and has signed a memorandum of understanding (MoU) with the AfCFTA secretariat to provide logistics support for easy mobility of goods and services.

“My company’s partnership with AfCFTA will be a critical contributor to the transformation we want to see on the African continent. The agreement will spearhead industrial transformation and economic development, boost intra-Africa trade, and create employment.

“All businesses looking at exporting cargo should note the McDan Group of companies is here to facilitate that trade and bring growth to the economies of Africa,” he said.

He mentioned that unless the goods are able to move from one country to another, all the boardroom discussions and MoUs signed will be meaningless; hence, entrepreneurs must take advantage of the transportation logistics that his outfit is providing to ensure their goods reach all countries on the continent.

He made these remarks at the Ghana Economic Forum (GEF) 2022 – an annual event organised by the B&FT – on the theme ‘Building a robust and resilient economy through technology, finance, investment, trade and entrepreneurship’.

The AfCFTA secretariat has adopted a special instrument described as the Guided Trade Initiative (GTI), which has set the ball rolling for commercial trading to commence for the first seven countries to have met all requirements and expressed strong readiness.

Ghana is one of the first seven countries to start trading under this arrangement, and the McDan CEO believes that if entrepreneurs are able to think beyond the borders and take advantage of available logistical support they could be lead beneficiaries of the continental trade area.

 

Source: https://www.ghanaweb.com/


October 8, 2022
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The Chief Executive Officer (CEO) of McDan Group, Daniel McKorley has signed a Memorandum of Understanding (MoU) with the Secretary General of the Africa Continental Free Trade Agreement (AfCFTA) Secretariat, H.E. Wamkele Mene, to signify the beginning of a partnership which will facilitate trade among African Countries.

The Agreement which was signed during the launch of the AfCFTA Guided Trade Initiative which was also the celebration of the 2nd anniversary of the AfCFTA Agreement on Friday, October 7, 2022, at the McDan Private Jet Terminal in Accra, will grant McDan Shipping the opportunity to load and transport goods across AfCFTA member countries.

In light of this, McDan Aviation has acquired cargo planes and sea trade vessels to support the AfCFTA.

The Minister for Trades and Industry, Hon. Allan Kyerematen lauded the efforts of Dr. Daniel McKorley and indicated that the initiative that McDan has taken would go a long way to help the success of AfCFTA.

Hon. Alan Kyerematen encouraged Africans to celebrate McDan Group and charged other African businessmen to follow suit.

The Minister mentioned that the event signifies that AfCFTA is not only on paper but in action and averred that the launch of the initiative signifies that governments of Africa are giving way to the private sector to make it a reality in terms of implementation and institutions in Africa are up to the task.

Delivering his Speech, Secretary General of AfCFTA H.E. Wamkele Mene mentioned that in 15 years, AfCFTA would succeed in lifting many Africans out of poverty and hence, he encouraged Africans to support small businesses.

Most of the stakeholders thanked Dr McKorley for stepping up and thinking about a way to support AfCFTA. They emphasized on how AfCFTAhonoured and made a reality the vision of those who liberate Africa.

Trades Under AfCFTA

On the 1st of January, the AfCFTA Secretariat formally started trading under the AfCFTA agreement.

Since then, the Secretariat and State Parties have been working to put in place structures, procedures, processes, protocols, and documentation needed to enable the commencement of commercially viable trade among State Parties.

The Secretariat in collaboration with the National AfCFTA Coordination Office under the Ministry of Trade and Industry launched the AfCFTA Guided Trade Initiative which symbolise the commencement of commercially meaningful trade on a pilot basis between Ghana, Cameroon, Egypt, Kenya, Mauritius, Rwanda, Tanzania, and Tunisia.

These countries were selected to represent the five African Union regions, including Western, Central, Eastern, Southern and Northern Africa respectively.

The Guided Trade Initiative aims to test the readiness of participating state parties under the AfCFTA, demonstrate that the AfCFTA trading documentations are operational and viable, and confirm that the Customs and Revenue Authorities of the participating countries under the AfCFTA agreement are ready to process imports and exports.

Under the Guided Trade Initiative, Keda Ceramics of Ghana will export ceramic tiles to Cameroon.

Benso Oil Palm Plantation is also slated to export palm kernel oil to Kenya and Ghana will also receive approved goods from participating State Parties.

The Guided Trade Initiative is a very significant step towards realising the African dream of boosting trade with each other and developing closer economic ties among State Parties.

Following the official launch of the commercially meaningful trade, the National AfCFTA Coordination Office in collaboration with other Ghanaian agencies will be undertaking market expeditions to lead Ghanaian businesses to explore selected African markets to trade under AfCFTA.

 

Source: https://www.ghanaweb.com/


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