Business news from Ukraine

Business news from Ukraine

Another four vessels with agricultural products left ports of Ukraine for Africa, Asia and Europe

The next four ships with 115 thousand tons of agricultural products left the ports of Chornomorsk and Pivdenny on Wednesday for Africa, Asia and Europe, the Ministry of Infrastructure of Ukraine reports.

“Four ships left the berths, including Magnum Fortune, which transports 51 thousand tons of Ukrainian wheat for Bangladesh, and Almeray with 32.4 thousand tons of corn for Libya,” the agency noted on Facebook.

In total, after the release of the first vessel with Ukrainian food, 5.4 million tons of agricultural products were exported, and the total number of vessels leaving Ukrainian ports for the countries of Asia, Europe and Africa reached 235.

The agency indicated that the day before, the most capacious vessel of the time of the initiative, the Capesize Maran Excellence, with 115,000 tons of grain, left the port of Pivdenny.

As reported, in Istanbul on July 22, with the participation of the UN, Ukraine, Turkey and Russia, two documents were signed on the creation of a corridor for the export of grain from three Ukrainian ports – Chornomorsk, Odessa and Pivdenny.

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UKRAINIAN PRESIDENT ZELENSKY APPOINTES SPECIAL REPRESENTATIVE FOR MIDDLE EAST AND AFRICA

President of Ukraine Volodymyr Zelenskyy has appointed Maxim Subkh as Special Representative of Ukraine for the Middle East and Africa.
The corresponding decree is dated July 12 and published on the website of the head of state.

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PRESIDENT OF UKRAINE PLANS TO EXPAND RELATIONS WITH AFRICA

President of Ukraine Volodymyr Zelensky has announced his intention to expand the country’s relations with the countries of the African Union.
“It was during my term that the first Strategy for the Development of Ukraine’s Relations with African States was approved. Dialogue with all countries of the continent will be intensified. The Special Representative of Ukraine for African Affairs will also start working in the near future,” Zelensky said, speaking via video link at a meeting of the Bureau of the Assembly of the African Union on Monday.
On his instructions, the first regional tour of the Minister of Foreign Affairs of Ukraine in the history of the Ukrainian state is being prepared for the states of Sub-Saharan Africa, the President said. According to Zelensky, he also initiates visits to African countries by representatives of the Verkhovna Rada.
“I invite you to visit our country now to renew our bilateral ties. And I propose to start preparing, with our common willingness, a large political and economic conference ‘Ukraine – Africa,” the president said.
He recalled that “many countries of the African Union know Ukraine well economically and in the field of education.” “Our ties are really very ancient. Our specialists built enterprises in your countries back in Soviet times. Your students studied at our universities and are studying now,” Zelensky said.
“Until February 24, more than 300 Ukrainian blue helmets performed tasks within six UN missions. And our national contingent, including the 18th Separate Helicopter Detachment, was an important part of the United Nations Stabilization Mission in the Democratic Republic of the Congo. And it is on this basis of the relationship that has existed for many, many years that we must build a new political history, ” he said.
“If it wasn’t for the Russian war, you would be in a completely different position now – completely safe. That is why, in order to avoid famine, the efforts of states like Russia to return to the aggressive policy of colonialism must end, ” Zelensky said.

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EGYPT AND UKRAINE DISCUSS JOINT PRODUCTION AND EXPORT TO AFRICA

Ukraine and Egypt are discussing the possibility of joint production between enterprises and export to the African market, Ambassador Extraordinary and Plenipotentiary of the Arab Republic of Egypt Ayman Ahmed Mokhtar Elgammal has said in an exclusive interview to Interfax-Ukraine.
Egypt is a member of a number of free trade areas in African and Arab countries, he said. The official added that, for example, they invited the Ukrainian government to invest in the Suez Canal Economic Zone (SCZone).
According to the ambassador, Ukrainian enterprises will be able to manufacture products in Egypt and benefit from Egyptian free trade agreements in the region.
This will also be the topic of a meeting of the intergovernmental technical committee in June, he added.
At the same time, he clarified that so far no proposals have been received from Ukrainian companies on investments in SCZone.
At the same time, various organizations in Ukraine, in particular Ukrmashbud and its member companies, have asked to open their representative offices in Egypt for the joint production of high-tech goods of heavy engineering, the ambassador said.

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BOLT RAISES EUR 20 MLN OF INVESTMENT TO DEVELOP SERVICES IN EASTERN EUROPE (INCLUDING UKRAINE) AND AFRICA

Bolt, a ride-hailing service, has raised EUR 20 million of investment from the International Finance Corporation (IFC), a member of the World Bank Group, to increase access to mobility services in Eastern Europe (including Ukraine) and Africa (Nigeria and South Africa), the press service of the company reported on Thursday.
“Technology can and should unlock new pathways for sustainable development… Our investment in Bolt aims to help tap in to technology to disrupt the transport sector in a way that is good for the environment… and provides safer and more affordable transportation access in emerging markets,” IFC Chief Operating Officer Stephanie von Friedeburg said in a statement.
“We are looking forward to partnering with IFC to further support entrepreneurship… and increase access to affordable mobility services in Africa and Eastern Europe. Together with the investment from the European Investment Bank last year, we are proud to have sizeable and strategically important institutions backing us and recognising the strategic value Bolt is providing to emerging economies,” Bolt CEO Markus Villig said.
In Ukraine, Bolt ride-hailing service was launched in summer 2018.

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UKRAINIAN KSG AGRO RAISES EXPORT OF AGRICULTURAL PRODUCTS TO ASIA AND AFRICA

KSG Agro agricultural holding in 2020 increased export of agricultural products to African and Asian markets by 46%, to 7,770 tonnes, the holding’s press service has said.
“Last year, we expanded our presence in export African and Asian markets. In the context of the quarantine crisis, the issue of diversifying supplies and expanding the range of products supplied is especially acute,” Serhiy Kasyanov, the head of the board of directors of KSG Agro, said.
According to the agricultural holding, in 2020, the export of wheat flour to Libya increased by 3.6 times compared to 2019, to 3,000 tonnes.
It is clarified that KSG Agro exported 172 tonnes of sugar to Libya, 4,000 tonnes of corn to Malaysia, 600 tonnes of barley to Oman.
KSG Agro is a vertically integrated holding. It is engaged in pig breeding, production, storage, processing and sale of grain and oilseeds.
For the nine months of 2020, the agricultural holding received $ 4.77 million in net profit, which is 52% less than in the same period in 2019, revenue decreased by 17%, to $ 14.67 million.

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