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Archive for the ‘Africa’ Category

Strengthening Balanced Trade and Regional Connectivity in Africa

Africa, International Trade, News

December 17, 2024

Efforts to boost trade and connectivity with African nations are gaining momentum, focusing on fostering mutually beneficial agreements and enhancing infrastructure links across the region. Recent discussions among key economic leaders have emphasized the importance of balanced trade agreements and regional collaboration to support economic growth.   New trade initiatives aim to create equitable agreements […]

Ghana’s Trade Surplus Expands in First Half of 2024, Boosted by Gold Exports

Africa, International Trade, News

July 29, 2024

The International Trade Council reports that Ghana’s trade surplus grew significantly in the first half of 2024, driven primarily by a substantial rise in gold export revenue. This increase helped mitigate the effects of a decline in cocoa income.   Ghana’s trade surplus increased by 12.5% from the previous year, reaching $1.8 billion. Total exports […]

Nigeria’s Fuel Imports from Malta Reach $2.25 Billion Over Nine Years

Africa, International Trade, News

July 26, 2024

The International Trade Council reports that Nigeria has seen substantial growth in its fuel imports from Malta, totaling $2.25 billion over the past nine years. This significant trade activity highlights the strengthening economic ties and robust trade relations between Nigeria and Malta.   According to Trade Map data, Nigeria’s imports of petroleum oils obtained from […]

Nigeria’s Role in Intra-Africa Trade Highlights Regional Growth

Africa, International Trade, News

July 10, 2024

Nigeria has maintained its position as the fourth-largest contributor to intra-Africa trade in 2023, according to the Africa Trade Report 2024. The report indicates a slight decline in Nigeria’s intra-Africa trade volume, totaling $8 billion compared to $8.2 billion the previous year. Despite this decrease, Nigeria continues to account for a significant share of 4.2% […]

Driving the Future: The 42nd Southern African Transport Conference Tackles Industry Evolution

Africa, News, Transport and Logistics

June 6, 2024

Pretoria, South Africa – The 42nd annual Southern African Transport Conference and Exhibition is slated for 8-11 July 2024 at the CSIR International Convention Centre (ICC) in Pretoria. This year’s theme, “Upskilling and Reskilling the Transport Industry for Current and Future Challenges,” aims to highlight the critical need for innovation and collaboration within the sector. […]

Infrastructure Africa Unveils Projects Dealroom to Boost Continental Development

Africa, Infrastructure Development, News

June 5, 2024

Infrastructure Africa, the leading business event dedicated to infrastructure development on the continent, has unveiled the Projects Dealroom. This innovative platform is designed to accelerate investment in African infrastructure projects, meeting the continent’s urgent socio-economic needs.   The Projects Dealroom serves as a dynamic marketplace for project developers, investors, financiers, and other key stakeholders to […]

South Africa Launches Safeguard Investigation on Flat-Rolled Steel Products

Africa, News

March 4, 2024

South Africa has initiated a safeguard investigation into certain flat-rolled products of iron, non-alloy steel, or other alloy steel, as reported to the WTO’s Committee on Safeguards on February 29, 2024.   In this notification, South Africa outlined the procedure for interested parties to participate in the investigation. Interested parties are required to make themselves […]

EU and African Nations Collaborate on WTO Reform to Address Chinese Market Influence

Africa, Europe, International Trade, News

December 6, 2023

In a recent study conducted by the German Economic Institute (IW), it has been suggested that the European Union (EU) should collaborate with African countries to revamp the World Trade Organization’s (WTO) subsidy regulations. This strategic move aims to counteract market distortions caused by China’s subsidies and its diplomatic influence.   The IW, a respected […]

Somalia Joins East Africa Trade Bloc as It Eyes New Opportunities

Africa, Geopolitics, News

November 24, 2023

Somalia has officially become the eighth member of the East African Community (EAC) trade bloc, a development expected to have significant implications for the region’s economy and trade opportunities. The EAC, comprising countries such as Kenya, Tanzania, Uganda, and others, has welcomed Somalia into its common market, expanding its market size to nearly 300 million […]

U.S.-Africa Trade Program Extension Proposed by Senator Coons Garners Bipartisan Support

Africa, International Trade, News, United States

November 6, 2023

In a bipartisan effort to support trade relations between the United States and Africa, Democratic Senator Chris Coons has called for a 16-year extension of a trade program that grants qualifying African nations duty-free access to the U.S. market. Senator Coons, a prominent advocate for U.S.-Africa policy, believes that extending the program is vital for […]

U.S. Trade Chief Calls for a More Effective U.S.-Africa Trade Programme

Africa, News, Trade Relations, United States

November 4, 2023

  U.S. Trade Representative Katherine Tai emphasized the need for a “more useful and effective” trade programme with Africa during talks in South Africa over the future of the African Growth and Opportunity Act (AGOA). AGOA, which grants qualifying African countries duty-free access to the U.S. market, is set to expire in September 2025, with […]

Biden Aims to Enhance U.S.-Africa Trade Program, Beyond Renewal

Africa, News, Trade Relations, United States

November 2, 2023

U.S. Secretary of State Antony Blinken has highlighted the Biden administration’s intention to not only renew but also improve the African Growth and Opportunity Act (AGOA), a pivotal trade program with Africa. AGOA, initially launched in 2000, offers qualifying African countries duty-free access to the U.S. market, the largest consumer market globally. With its expiration […]

African Union Calls for a 10-Year Extension of AGOA Trade Program, Urges Postponement of Modifications

Africa, International Trade, News

November 2, 2023

The African Union (AU) is advocating for a minimum 10-year extension of the African Growth and Opportunity Act (AGOA), emphasizing the need for stability and predictability in trade relations between Africa and the United States. Speaking at a series of meetings between African trade ministers and U.S. officials, AU Trade Commissioner Albert Muchanga urged that […]

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