Archive for the ‘Africa’ Category

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 […]

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 […]

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% […]

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, 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 […]

Africa, News, Trade Relations

September 14, 2023

The National Bank of Ethiopia (NBE) has taken a significant step to boost foreign direct investment (FDI) by permitting the establishment of offshore accounts. This new directive aims to facilitate easier fund deposits from both equity and loan financing for approved projects and attract foreign currency into the Ethiopian economy. Scope of the New Directive […]

Africa, Foreign Direct Investment, News

September 12, 2023

Cross River State in Nigeria has secured $1 billion in Foreign Direct Investment (FDI), as announced by State Governor, Senator Bassey Otu. The investment follows the recently concluded International Cooperation and Investment Summit hosted by the state. Investment Details and Impact on Employment In a media briefing marking his first 100 days in office, Governor […]

Africa, International Relations, News

September 11, 2023

The International Trade Council extends its congratulations to the G20 leaders and Indian Prime Minister Narendra Modi for the historic inclusion of the African Union as a permanent member of the G20. The landmark announcement came during the G20 Summit held in New Delhi, India, on September 9, 2023.   The G20, formerly a coalition […]

Africa, China, News, Trade Agreements

September 5, 2023

In recent data released by the Chinese General Administration of Customs, it has been revealed that China’s imports and exports with fellow BRICS members experienced notable growth of 19.1% year-on-year, reaching Â¥2.38 trillion (approximately US$330.62 billion) between January and July 2023. The BRICS, comprised of Brazil, Russia, India, China, and South Africa, have collectively strengthened […]