{"id":5054,"date":"2016-08-17T09:13:00","date_gmt":"2016-08-17T09:13:00","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=5054"},"modified":"2017-01-24T20:05:00","modified_gmt":"2017-01-24T20:05:00","slug":"africa-and-the-brexit-ripple","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/africa-and-the-brexit-ripple\/","title":{"rendered":"Africa and the Brexit Ripple"},"content":{"rendered":"<p>Brexit was like dropping a rock into a lake. At the center you had the splash that was Britain, then the big ripples, Europe and America, and then you get the smaller ripples, which in this case represent the countries and continents further out affected by Brexit. African trade and economics is reeling from Britain\u2019s June 23 decision to leave the European Union and it is expected that many industries including Kenya\u2019s flower industry will be impacted.<\/p>\n<p>Britain\u2019s renegotiation with the EU is not just about cutting immigration and taking back power from the European Parliament in Brussels. It is the renegotiation of the hundreds of trade deals made as part of the European Union across the world. The EU and African, Caribbean and Pacific (ACP) have trade agreements now as the Economic Partnership Agreements (APEs) which include a number of trade deals including duty free access to the EU market. Now that the UK has left\u00a0<a href=\"http:\/\/blogs.lse.ac.uk\/politicsandpolicy\/return-to-the-commonwealth-uk-africa-trade-after-brexit\/\">experts believe that the UK will not participate in EU trade agreements<\/a>\u00a0and countries such as those in Africa will lose preferential access to the UK market. Despite the trade agreements accounting for only 3.6% of exports coming out of Africa and going to the UK it would have a detrimental effect on industries such as Kenya\u2019s flower producers especially if trade barriers and tariffs are put up.<\/p>\n<p>There is a belief among some British politicians who voted to leave the EU that trade outside the EU would be unaffected and even grow. FXCM reported how Boris Johnson, now Foreign Secretary, believed that\u00a0<a href=\"https:\/\/www.fxcm.com\/insights\/brexit\/\">banks and business were constrained with trading with the UK due to EU regulations<\/a>. Until the final Brexit negotiations are done the new trade agreements won\u2019t be fully realized, yet it is clear that the majority of trade agreements between Africa and Britain were done in partnership with the European Union.<\/p>\n<p>This is no clearer than in\u00a0<a href=\"http:\/\/www.ft.com\/cms\/s\/0\/01beeb54-5347-11e6-9664-e0bdc13c3bef.html#axzz4HYODs6jo\">Tanzania and Uganda\u2019s refusal to sign a proposed regional trade deal with the EU over concerns about Brexit<\/a>. This agreement was expected to be signed before October 1. If it is not then Kenya\u2019s billion-dollar flower industry will incur tariffs and which in turn would trigger a price rise for these items in Europe. Tanzania and Uganda pulled out of the agreement to protect their economic industries against a now uncertain Europe. It is believed that if an agreement isn\u2019t reached then 4.5 million lives in Kenya would be affected. The UK takes 85% of the flower, fruit and vegetables exports from Kenya.<\/p>\n<p>The impact Brexit will have on the sub-Saharan Africa (SSA) is wide ranging. The Business Inside predicts that growth in SSA could\u00a0<a href=\"http:\/\/uk.businessinsider.com\/barclays-research-the-impact-of-brexit-on-african-economy-2016-7\">halve to just 1.4% in 2016<\/a>. The site goes on to state several reasons why Brexit will harm SSA growth. These include global demand for goods such as the export of raw materials. Less migration of African workers in developed countries such as the UK resulting in less money sent back. Potential loss and withdrawal of funding for infrastructure if the UK and EU go into recessions. Tourism could also be affected with the cost of living rising in the UK resulting in less people traveling abroad.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brexit was like dropping a rock into a lake. At the center you had the splash that was Britain, then the big ripples, Europe and America, and then you get &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/africa-and-the-brexit-ripple\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":5056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[63,4990,357,4992,4993,1252,2418,3956,4991,2616],"class_list":["post-5054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-africa","tag-brexit","tag-britain","tag-commonwealth","tag-horticulture","tag-kenya","tag-sub-sahara-africa","tag-tourism","tag-trade","tag-uk","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/08\/Brexit.png?fit=960%2C639&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1jw","jetpack-related-posts":[{"id":7742,"url":"https:\/\/www.oilnewskenya.com\/index.php\/how-could-no-deal-affect-the-uk-gas-industry\/","url_meta":{"origin":5054,"position":0},"title":"How could \u2018No Deal\u2019 affect the UK gas industry?","author":"","date":"July 18, 2019","format":false,"excerpt":"There is still lots of uncertainty regarding the issue of the United Kingdom leaving the European Union i.e. Brexit.\u00a0 Here, Flogas UK, who provide gas for business use, look at how the possibility of a \u2018No Deal\u2019 could impact on the UK gas industry. The status quo \u2026 There are\u2026","rel":"","context":"In \"Energy\"","block_context":{"text":"Energy","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/07\/Brexit.png?fit=636%2C428&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/07\/Brexit.png?fit=636%2C428&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/07\/Brexit.png?fit=636%2C428&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":15510,"url":"https:\/\/www.oilnewskenya.com\/index.php\/geopolitics-and-energy-security-what-recent-moves-say-about-africas-global-gas-role\/","url_meta":{"origin":5054,"position":1},"title":"Geopolitics and Energy Security: What Recent Moves Say about Africa\u2019s Global Gas Role","author":"","date":"January 12, 2026","format":false,"excerpt":"The Council of the European Union (EU) and the European Parliament signed a provisional agreement in early December 2025 to formally phase out Russian gas imports. Aligned with a broader strategy to diversify imports and strengthen security of supply, the agreement stipulates a full prohibition on both LNG and pipeline\u2026","rel":"","context":"In \"African Energy Chamber\"","block_context":{"text":"African Energy Chamber","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/african-energy-chamber\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/06\/FLNG-Gimi.jpg?fit=1024%2C682&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/06\/FLNG-Gimi.jpg?fit=1024%2C682&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/06\/FLNG-Gimi.jpg?fit=1024%2C682&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/06\/FLNG-Gimi.jpg?fit=1024%2C682&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":5799,"url":"https:\/\/www.oilnewskenya.com\/index.php\/afd-eu-set-up-e24-million-to-develop-renewable-energy-in-africa\/","url_meta":{"origin":5054,"position":2},"title":"AFD, EU Set Up \u20ac24 million to develop Renewable Energy in Africa","author":"","date":"March 21, 2017","format":false,"excerpt":"AFD Group - in partnership with the European Union \u2013 have unveiled the \"African Renewable Energy Scale-Up facility\", designed to boost private sector investment in on-grid and off-grid renewable energy production in Africa. In order to meet Africa's constantly increasing energy requirements, support must be provided for mass development of\u2026","rel":"","context":"In &quot;Renewables 2&quot;","block_context":{"text":"Renewables 2","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/renewables-2\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/09\/Solar-Energy.png?fit=588%2C391&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/09\/Solar-Energy.png?fit=588%2C391&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/09\/Solar-Energy.png?fit=588%2C391&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":12346,"url":"https:\/\/www.oilnewskenya.com\/index.php\/eu-turns-to-egypt-in-the-rush-to-replace-russian-gas\/","url_meta":{"origin":5054,"position":3},"title":"EU Turns to Egypt in the Rush to Replace Russian Gas","author":"","date":"June 17, 2022","format":false,"excerpt":"The European Commission has proposed a deal to accelerate natural gas imports from Egypt in a bid to reduce its reliance on Russian gas. With Egypt ramping up efforts to become a major liquefied natural gas (LNG) player through increased exploration, production and infrastructure build up and modernization, the north\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/06\/EU-Turns-to-Egypt-in-the-Rush-to-Replace-Russian-Gas.png?fit=1011%2C568&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/06\/EU-Turns-to-Egypt-in-the-Rush-to-Replace-Russian-Gas.png?fit=1011%2C568&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/06\/EU-Turns-to-Egypt-in-the-Rush-to-Replace-Russian-Gas.png?fit=1011%2C568&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/06\/EU-Turns-to-Egypt-in-the-Rush-to-Replace-Russian-Gas.png?fit=1011%2C568&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":12661,"url":"https:\/\/www.oilnewskenya.com\/index.php\/kenya-prime-opportunities-in-the-energy-sector-the-incoming-government-could-tap-into\/","url_meta":{"origin":5054,"position":4},"title":"KENYA: Prime Opportunities in the Energy Sector the Incoming Government Could Tap Into","author":"","date":"September 14, 2022","format":false,"excerpt":"Source: Electricity Sector Association of Kenya Electricity costs are undeniably a factor that affects the lives of people be it at an industrial or household level. Within the country, there has been a wide-ranging discussion on the electricity sector as to how to reduce the cost of power. With the\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/bigstock-High-voltage-Power-Lines-Elec-320044246.jpg?fit=1000%2C597&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/bigstock-High-voltage-Power-Lines-Elec-320044246.jpg?fit=1000%2C597&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/bigstock-High-voltage-Power-Lines-Elec-320044246.jpg?fit=1000%2C597&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/bigstock-High-voltage-Power-Lines-Elec-320044246.jpg?fit=1000%2C597&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":840,"url":"https:\/\/www.oilnewskenya.com\/index.php\/bg-group-offers-oil-gas-scholarships-in-tanzania\/","url_meta":{"origin":5054,"position":5},"title":"BG Group offers Oil, Gas scholarships in Tanzania","author":"Samuel Kamau Mbote","date":"April 4, 2014","format":false,"excerpt":"Story by Tanzania daily News The number of oil and gas experts in Tanzania is set to increase following an offer of 20 scholarships by British multinational BG Gas for higher education students at the prestigious Robert Gordon University (RGU) in Aberdeen, Scotland. This was revealed during President Jakaya Kikwete's\u2026","rel":"","context":"In &quot;News by others&quot;","block_context":{"text":"News by others","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/news-by-others\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/scholarship.jpg?fit=400%2C319&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=5054"}],"version-history":[{"count":3,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5054\/revisions"}],"predecessor-version":[{"id":5058,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5054\/revisions\/5058"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/5056"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=5054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=5054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=5054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}