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Business / Trade in North Africa

  • Osinbajo seeks greater integration of African economies

    NIGERIA, 2017/10/16 Vice President Yemi Osinbajo has called for better integration of African economies to enable the continent develop free trade part AU member nations. Osinbajo made the call at the inaugural conference of the Africa Champions Group, an initiative of business and manufacturing stakeholders in the continent, on Saturday in Lagos.
  • Africa: USA-Africa - No Policy? Bad Policy? or Both?

    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.
  • Sudan: Egyptian FM to Visit Sudan Wednesday

    EGYPT, 2017/08/02 Foreign Minister of Egypt, Sameh Shukri is due to arrive in Khartoum next Wednesday to take part in conference of the Joint Sudan-Egypt Committee for Political Consultation. Shukri will preside over the side of Egypt and Foreign Minister, Professor Ibrahim Ghandour will chair the Sudanese side.
  • Africa: 'Market Information Gap Threatens U.S.$400 Billion Intra-Africa Trade'

    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.
  • Sudan Ambassador Sees Growing Economic And Strategic Partnership With Russia

    RUSSIA, 2017/07/09 For decades, Russia and Sudan have maintained a strong economic and politically strategic partnership. And still, there visible and promising signs that both nations want to see the deepening of relations, particularly in the economic sphere, in the years ahead. In this interview, H.E. Mr. Nadir Babiker, Ambassador of Republic of Sudan in the Russian Federation, discusses some of the significant aspects of the current relations with Kester Kenn Klomegah. Q: What’s the current level of Russia’s economic presence in Sudan and that of Sudan in the Russian Federation? In the initial place, what are your government’s key priorities and expectations from Russia?
  • Is The Maghreb Union Finished And Dead?

    EGYPT, 2017/07/09 King Mohammed VI has been practically living in Africa in the last few years moving from one country to an extra to propose development programs and cooperation ventures in a transparent win-win approach. So, at the same time as on re-admission of Morocco in the African Union in the Addis Abeba summit on January 31, 2017, he declared with tears in his eyes, to be happy to be back home. The truth of the matter he has always been home though not officially, hoping on his Boeing 747 from one country to an extra bringing bounty and goodwill. What is additional, for a lot of African Muslims, disciples of the Tidjane Sufi order, Mohammed VI is additional than a temporal leader of a northern country, he is a religious symbol bearing the traditional title of amir al-mu’minin “Commander of the Faithful” of the Islamic community of Africa.
  • Egypt Meeting To Determine Qatar’s Destiny

    EGYPT, 2017/07/08 The foreign ministers of the four nations calling for combating terrorism, Saudi Arabia, the UAE, Bahrain and Egypt, are conference in Cairo Wednesday to discuss Qatar’s response to the four nations’ inventory of 13 demands amid the Gulf diplomatic crisis. “We look forward to receiving Qatar’s response to the demands in order to study it exhaustively before taking stances,” Saudi Foreign Minister Adel Al-Jubeir said on Monday at a joint press conference with his German counterpart Sigmar Gabriel.
  • New agreements see Morocco bolster trade ties with West Africa

    CASABLANCA, 2017/07/01 A decision made before this month by the Economic Community of West African States (ECOWAS) to acknowledge in principle to Morocco’s request to join the union could allow the kingdom to further expand its trade ties in West Africa, leveraging its strong relations with the EU and a growing industrial base. While none of the members of the 15-country bloc share a border with Morocco, its accession would allow it to reap the benefits of free trade and movement of people with other ECOWAS states, which have a combined GDP of around $562.2bn, according to IMF data.
  • New production centre to boost Algeria’s pharmaceuticals exports

    ALGIERS, 2017/06/30
  • Tripartite Free Trade Area plods along slowly in Africa

    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.