Tanzania, (Xinhua) -- African nations
need to embrace modern beekeeping techniques to boost the sector
that plays an imperative role in addressing poverty, Tanzania’s
Prime Minister Mizengo Pinda told the first Apimondia Symposium
on African Bees and Beekeeping 2014.
The meeting which kicked off
here on Tuesday brought on board hundreds of beekeepers,
researchers, government officials from across Africa and the
world at large.
Outlining countless benefits
embedded in the beekeeping sector from economic to cultural and
social perspectives, the Prime Minister said that modern
beekeeping techniques is highly needed to transform the untapped
Pinda said most of the African
beekeepers still use traditional ways of farming hence ended up
getting peanuts and continue ravaging in the jungle of poverty,
as what they harvest cannot get into larger markets.
“One of the traditional
beehives can produce two to five liters of honey per year, the
amount which is very low compared to the modern one which can
produce 40 to 60 liters of honey annually,” he said, adding
that it is high time for African nations to embrace technology
in beekeeping for the region to benefit out of the sector
which is friendly to the environment.
He outlined some of the
potential markets for African honey as China, Russia, the United
States, European countries, Mexico, Argentina, Canada, Australia
“The demand of honey in those
nations remained high and Africa should tap that market,” he
“As a continent, we stand in
a very good position to explore the market abroad as we have
large forested land the situation that would make our honey
the best in the world,” the Tanzanian official told the
He said right now Tanzania
ranks number two after Ethiopia in Africa for producing quality
honey, producing about 34,000 tonnes of honey annually.
Pinda said Tanzania has
hectares and hectares of forested land hence if heavily utilized
the country will be the leading in the near future.
He said Tanzania is determined
to increase production of honey in the next two years as experts
have projected that Tanzania have a chance of producing 138,000
tonnes of honey and 9,200 tonnes of wax annually in the next few
The international market demand
of honey is expected to grow to 1.9 million tonnes worth 12
billion U.S. dollars by 2015.
The symposium is themed
“African Bees for a Green and Golden Economy” and is aimed at
improving beekeeping industry in Africa and developing counties
for the welfare of rural people.
The symposium was organized by
the Tanzanian government in collaboration with the International
Federation of Beekeeper’s Associations.
“The country’s prospect is to
share experiences and technical knowledge on how to develop
beekeeping in Africa in order to improve the livelihood of
communities involved in beekeeping especially in rural areas,”
said Lazaro Nyalandu, Tanzania’s Minister for Natural
Resources and Tourism.
African countries urged to
introduce laws on factoring business
LUSAKA, (Xinhua) -- African
legislators and regulators should assist African businesses in
taking advantage of the benefits of factoring by creating
enabling environment for the flourishing of the instruments, the
African Export-Import Bank (Afreximbank) said in a statement
obtained by Xinhua on Monday.
Benedict Oramah, the bank’s
vice-president in charge of business development and corporate
banking said that the legislators and regulators had a role to
play in developing appropriate enabling laws to allow factoring
business to flourish on the continent.
And Jean-Louis Ekra, the bank’s
president said the absence of enabling laws and regulations was
an important impediment to the expansion of factoring in Africa
and had significant negative implications on the ability of
small and medium enterprises (SMEs) to participate in the
continent’s gradually expanding value chain.
“If we want SMEs to form the
bulk of the new Africa we are all looking forward to, we must
work towards expanding factoring in the continent,” he said in
the statement released after a meeting held in Lusaka, the
Zambian capital on factoring.
According to him, Africa was
becoming the next frontier for factoring business with recent
socioeconomic developments, adding that despite volumes being
significantly lower than that in other regions (only one percent
of the global total), the volume of factoring business in Africa
had risen four folds from about 5 billion euros in 2000 to about
23 billion euros in 2012.
Factoring is a trade finance
tool under which a seller assigns his receivables (invoice) on a
transaction to a factor who pays him an agreed value. The factor
assumes ownership of the receivables and then collects the
actual payment for the service/ product from the buyer.
The tool was important because
it helps businesses that were performing well to gain access to
credit without having to offer collateral or provide security
other than the receivables generated in the normal course of
Afreximbank is the foremost pan-African multilateral financial
institution devoted to financing and promoting intra-Africa
trade. Since 1994, the bank has approved 30 billion U.S. dollars
in credit facilities for African businesses, including about 3.5
billion dollars in 2013.