Africa > Business / Trade

Business / Trade in 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.
  • China welcomes Guinea to take part in Belt and Road Initiative

    CHINA, 2017/09/07 China welcomes Guinea to participate in the Belt and Road Initiative, a move that will benefit the peoples of both nations, Chinese President Xi Jinping told his Guinean counterpart Alpha Conde on Tuesday. Conde is in the southeastern coastal city Xiamen to attend the Dialogue of Emerging Market and Developing Nations on the sidelines of the ninth BRICS summit.
  • The Mixed Fortunes of the BRICS Countries, in 5 Facts

    CHINA, 2017/09/04 This weekend, the BRICS countries—Brazil, Russia, India, China and South Africa—will convene in the Chinese city of Xiamen for their annual summit. It wasn’t long ago that the BRICS were heralded as the future of the globalized economy. Then, for a variety of reasons, the group lost a bit of its luster. Now’s the time to check back in with them. 1. BRICS straddle one quarter of the world The story of the BRICS—or technically, BRIC countries (South Africa joined in 2010)—begins with Goldman Sachs chief economist Jim O’Neill, who wrote a paper in 2001 arguing that these were the emerging superstars most likely to dominate the 21st century globalized economy. Taken together, these five countries cover 40 percent of the world’s population and more than 25 percent of the world’s land. The sky seemed the limit.
  • 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.
  • Gas - Women Yet to Benefit From National Cake Tanzania

    TANZANIA, 2017/08/13 MSIMBATI village of Mtwara rural district is a hive of activities as new home structures are mushrooming at the central business sector(CBA) at a high speed. One can easily mistake the gas rich village for a township given the high rate of development taking place. A modern standard village market has been constructed at the CBA where those who cannot afford to construct their own stalls may sell their merchandise that includes tomatoes, rice, fish and other commodities.
  • 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.
  • South Africa: Trade Mission to Zambia a Success

    SOUTH AFRICA, 2017/07/28 The Department of Trade and Industry (dti) has concluded a successful Trade and Investment Mission to Zambia. Director of Export Promotion at the dti, Seema Sardha, said the 20-member South African business delegation that were part of the mission, identified countless mutually beneficial business opportunities that exist between the two nations. The two-day investment mission that got underway on Monday, as well identified a need to create much needed partnerships towards addressing the structural challenges relating to poverty, unemployment and inequality.
  • Mauritius trade deficit widens 18.6 pct yr/yr in May

    MAURITIUS, 2017/07/22 Mauritius' trade deficit widened by 18.6 % to 8.25 billion rupees ($245 million) in May from the same period a year before, driven by higher imports of mineral fuels and lubricants, the statistics office said on Friday. Imports rose 6.3 % to 15.28 billion rupees, with minerals fuels and lubricants up to 2.66 billion rupees from 2.41 billion rupees in May last year.
  • South Africa Angola Review Bilateral Relations

    ANGOLA, 2017/07/16 South Africa and Angola are set to review evolution made in the consolidation of their bilateral relations, inclunding the implementation of bilateral projects. The two nations will as well exchange views on current regional and international issues of mutual concern at the same time as they meet in Luanda, Angola, for the fourth Session of the Joint Commission for Cooperation (JCC).
  • 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.