Business / Trade in Equatorial guinea
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BOTSWANA, 2017/08/30
"Africa is terra incognita for the Trump Government: a continent it cares little - and understands even less - about. With no dyed-in-the-wool Trumpian Africa hands available, the government appears ready to cede Africa policy making to career civil servants and a few mainstream Republican appointees." - Matthew T. Page
The headline to Page's article in Quartz Africa states that "Donald Trump could be getting his US-Africa policy right by simply not having one." His view is actually additional nuanced, in judging that no policy would likely be only "less bad" than explicitly "bad policy" that may result from better White Home interest in Africa.
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BOTSWANA, 2017/07/14
Access to data across African economies, which has been hindered by the fragmented nature of the respective markets, is currently threatening a $400 billion intra-Africa trade potential.
Africa Export-Import Bank (Afreximbank) said the present transactions price at $170 billion remained their due to wide gap in market data, which presently needs to be closed to foster accelerated trade integration.
Meanwhile, the size of intra-African trade could be doubled from the current level of about $170 billion per year to almost $400 billion by addressing the issue of availability of market data on the continent.
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BOTSWANA, 2017/06/24
Trade between African nations has long been outstripped by intra-regional trade in other parts of the world – for Africa as a whole, intra-regional trade is between 10% and 13% of total trade. This is far lower than in regions such as the EU, where about 60% of trade is between member states, and the Association of South-east Asian Nations, which has a rate of about 25%. Intra-regional trade in North America is put at about 40%.
However, the ratification of the Tripartite Free Trade Sector(TFTA) – potentially later in 2017 – could help change that and push the development of additional intra-regional trade increase. A pan-regional free-trade zone, the TFTA stretches from Cairo to Cape Town and encompasses 26 African nations.
Africa’s Tripartite Free Trade Area would reduce regional tariffs and create a pan-African single market, to aid development and cash in on a growing middle class in the continent. But with member countries often belonging to multiple economic areas, progress is both complex and slow, as Kit Gillet reports.
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BOTSWANA, 2017/06/15
Importers have threatened to increase the prices of goods if the government implements the 0.2% import tax to fund the AU.
Mr Samson Awingobit Asaki, Executive Secretary of the Importers and Exporters Association, told the Ghana News Agency that the implementation of the tax would increase the cost of operation for importers.
Mr Asaki added that at the same time as it happens like that, they would have no other choice than to transfer the cost onto the prices of goods for the consumers.
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BOTSWANA, 2016/05/13
The collapse of virtual borders is one of the majority remarkable things to have happened in our lifetimes. In the world of cyberspace, time and distance have become almost peripheral considerations at the same time as it comes to doing business. Services from software development to accounting can be delivered across the world in the blink of an eye. Next business leaders will struggle to imagine an era at the same time as communication was neither immediate nor virtually free.
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ITALY, 2015/09/13
Mistrust has emerged part the East African Community partner states over Tanzania's commitment to the Economic Partnership Agreement that would give the region's goods business-free access to European markets.
Tanzania is likely to delay the signing and ratification of the EPA document on the grounds that it was rushed through. Dar es Salaam has threatened not to sign the transaction before its concerns on contentious issues are addressed. The region has until December 31 to sign the transaction with the European Union or go back to the negotiating table.
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CHINA, 2015/05/14
Trade between China and the Portuguese language nations fell 25.36 % year-on-year to US$21.733 billion in the initial quarter of the year, indicate figures from the Chinese Customs Government released in Macau.
In the initial three months of the year China sold goods worth US$10.617 billion (+7.59 %) to the eight Portuguese language nations and bought merchandise worth US$11.115 billion (-42.25 %).
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CHINA, 2015/04/29
Chinese President Xi Jinping held talks with Equatorial Guinea's President Teodoro Obiang Nguema Mbasogo on Tuesday and they pledged to lift the bilateral relationship to an all-round partnership featuring equality, mutual trust and win-win cooperation.
Lauding Obiang as a good friend of the Chinese people, Xi said the friendship between the two nations has become stronger and is deeply rooted in the hearts of their peoples.
Xi said China will work together with Equatorial Guinea to turn their traditional friendship into a driving force for their common development and to further advance the relationship.
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EQUATORIAL GUINEA, 2014/01/13
President Ellen Johnson Sirleaf has renewed her government's commitment to the sisterly relationship between Liberia and Equatorial Guinea, and believes it will go a long way in benefiting the two peoples.
According to an Executive Mansion release, President Sirleaf made the comment on Thursday, January 9, at the same time as a delegation from Equatorial Guinea, on a follow-up mission, met with her at her Foreign Ministry Office.
The delegation is in Monrovia to present to the Liberian Government the concept for the construction of social housing units, as part of a Memorandum of Considerate signed between the two governments in May last year. At the request of the Liberian Government, Equatorial Guinea agreed to arrange the financing and construction of the Roberts International Airport and of social housing.
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UNITED STATES, 2013/10/14
The United States has said it is looking forward to expanding its relations with Equatorial Guinea in several areas.
US Secretary of State John Kerry made the assertion in a congratulatory message to the African nation to mark its National Day, which was observed on Saturday.
'The United States and Equatorial Guinea share many binding ties. Our close cooperation on maritime security has contributed to regional peace and stability. And we remain committed to continued collaboration for the benefit of the Equatoguinean people, especially in the areas of health and education,' Mr. Kerry said.
