News : Trade

Nigeria: 'FCT Will Key Into Efforts in Promoting Export'

[This Day] The Minister of the Federal Capital Territory (FCT), Mr. Muhammad Musa Bello, has assured the Chief Executive Officer of the Nigerian Export Promotion Council (NEPC), Mr. Segun Awolowo of his support towards the realisation of all export promotion businesses and the hosting of the forthcoming technical meeting of the national committee. (AllAfrica)

South Africa: Minister Ebrahim Patel On G20 Trade and Investment Ministers Meeting

[Govt of SA] SA Trade Minister calls on G20 trade ministers to recognize the need for greater policy space in global trade rules to promote African industrialisation (AllAfrica)

Nigeria: We're Ready for AfCFTA, Says Abdul Samad Rabiu, BUA Boss

[Vanguard] The Executive Chairman/CEO, BUA Group, Abdul Samad Rabiu, has expressed excitement and readiness to work towards the implementation and success of the Africa Continental Free Trade Area, AfCFTA, agreement for the transformation of Africa's economy. (AllAfrica)

Kenya: Govt to Go Solo in Trade Discussions With Britain

[Nation] Kenya will go it alone in negotiations for an economic partnership agreement with the United Kingdom, leaving its East African neighbours with an option to join later. (AllAfrica)

Nigeria: Babalola - Our Commitment to Improve Trade in Nigeria Unshaken

[This Day] The Managing Director of Webb Fontaine Nigeria, Opeolu Babalola, in this interview with newsmen in Lagos, talked about how his company has been supporting government agencies with information communication technology solutions on ease of doing business and trade facilitation. Excerpts (AllAfrica)

East Africa: East African Partners Throw Kenya Under the Bus in Brexit Talks

[East African] Kenya's multimillion-dollar trade with Britain hangs in the balance after its East African Community partners failed to agree on the timeline for negotiating a new, post-Brexit trade deal. (AllAfrica)

Malawi: Mchinji One Stop Border Post to Be Completed By December

[Nyasa Times] Minister of Trade, Sosten Gwengwe has said the construction of the One stop border post at Mchinji/Mwami-Zambia border would ease cross border trade between the two countries. (AllAfrica)

Africa: Trade Finance Boost Needed to Keep African Economy Afloat

[The Exchange] Only 40 per cent of Africa's trade is bank-intermediated, representing a far lower share than the global average of 80 per cent. (AllAfrica)

Africa: African Free Trade Agreement Needs Legal Backing, Says Lawan

[This Day] President of the Senate, Dr. Ahmad Lawan, has stated that the need for necessary legal backing for the African Continental Free Trade Agreement (AfCFTA) to become effective. (AllAfrica)

Africa: Regional Economic Communities Critical for AfCFTA Implementation, Experts Say

[New Times] The role of Regional Economic Communities (RECs) "will remain critical" once implementation of the African Continental Free Trade Area starts, officials including Prudence Sebahizi, Chief Technical Advisor on the AfCFTA at the AU Commission, have told The New Times. (AllAfrica)

Nigeria: AfCFTA - Nigeria Worried Over Foreign Goods, Job Losses

[Daily Trust] Acting Director-General of Nigerian Office for Trade Negotiations (NOTN), Victor Liman, has said Nigeria is concerned about transhipment of goods and job cuts as the implementation of the African Continental Free Trade Area (AfCFTA) pact takes off in January, 2021. (AllAfrica)

Nigeria: Why Women Must Be Protected By Politicians - Trade Fair Boss

[Vanguard] Women are key players in any election around the world and Nigeria in particular. They stay in the rain, under the sun to vote for the candidate of their choice; even go the extra mile of protecting their votes. Despite their impact, they are easily forgotten after elections. (AllAfrica)

South Africa: Trade, Industry and Competition On Resolving Issues of Consumer Protection During Covid-19 Pandemic

[Govt of SA] Government remains committed to consumer protection even during COVID-19 pandemic - DDG Masotja (AllAfrica)

Kenya: U.S. Tells Kenya to Publicly Support Israel or Forget Free Trade Deal

[East African] The US wants Kenya to support Israel's political and commercial interests, or forget a free trade deal (FTA) with the world's biggest economy. (AllAfrica)

Africa: Covid-19 Recovery Needs Informal Sector on Board

[allAfrica] Like many countries across the globe, East Africa's governments are providing economic stimulus packages to lighten the economic impact of the COVID-19 pandemic. However, the bulk of these packages will not reach businesses in the valuable informal sector which accounts for over 70% of non-farm employment in sub-Saharan Africa . (AllAfrica)

Algeria: Algeria's Accession to AfCFTA in Time Gives It Power of Influence

[Algerie Presse Service] Algiers -- Minister of Trade Kamel Rezig underlined Tuesday that the accession of Algeria to the African Continental Free Trade Area (AfCFTA) in the beginning of 2021 will give it the quality of a founding country and the power to influence decisions and formulation of conditions. (AllAfrica)

Nigeria: Nigeria Set to Ratify AfCFTA Agreement - Minister

[Premium Times] Mr Adebayo also said Nigeria has set up a National Action Committee on AfCFTA. (AllAfrica)

Cameroon: Cameroon-Japan Cooperation - Sixty Years of Ties Appreciated

[Cameroon Tribune] The Ambassador of Japan to Cameroon, H.E Tsutomu Osawa has praised the positive diplomatic relations which have existed between the two countries for the past 60 years. Through the Tokyo International Conference on African Development (TICAD), Japan has supported Cameroon and Africa in the implementation of several projects ranging from security to health, education and agriculture. There are Japanese companies in Cameroon to promote the business climate in the country and scholarship opportunities for stu (AllAfrica)

Zimbabwe: Vendors Group to the Rescue As Bulawayo Struggles to Mark New Trade Spaces

[New Zimbabwe] The Bulawayo Vendors and Traders Association (BVTA) has mobilised resources to assist the cash strapped Bulawayo city council mark new trading spaces in line with Covid-19 guidelines on social distancing. (AllAfrica)

South Africa: Covid-Inspired Vitamin C Boom Lifts SA Citrus Exports

[Daily Maverick] Along with masks, hand sanitisers and Zoom, vitamin C is a product in red-hot demand because of the Covid-19 pandemic. This has triggered a surge in exports of South African citrus. (AllAfrica)

Southern Africa: Why Southern Africa Is Anxious About EU and UK Post-Brexit Trade Talks

[The Conversation Africa] As the deadline for the post-Brexit trade talks between the European Union (EU) and the United Kingdom (UK) looms, concerns have arisen as to whether the two parties will be able to conclude a deal. In terms of the Brexit divorce agreement, the UK is expected to leave the EU single market and customs union on 1 January 2021. A trade deal will govern future trade relations between the EU and the UK. The prospect of striking such a deal, however, has been thrown into doubt by the publication recently of a ne (AllAfrica)

Zimbabwe: Marketing Authority Granted Permission to Issue Cannabis Trade Permits

[New Zimbabwe] Spread This News (AllAfrica)

South Africa: Trade, Industry and Competition Remains Committed to Consumer Protection Even During Coronavirus Covid-19

[Govt of SA] Government remains committed to consumer protection even during COVID-19 (AllAfrica)

Burkina Faso: Young Rice Producers Combat Hunger Amid Poverty

[allAfrica] On a mission to satisfy local demand for rice, the Mitiri Cooperative of Young Rice Producers are fighting for the eradication of hunger in Bagre, a rural community located in the east of Burkina Faso's Boulgou province. The area is home to just over 29 000 people. (AllAfrica)

Tunisia: Tunisia's Foreign Trade At Constant Price Plummet By August 2020 (Ins)

[Tunis Afrique Presse] Tunis/Tunisia -- Tunisia's foreign trade posted during the first eight months of 2020 a drop in volume (at constant prices) in exports (-17.2%) and imports (-18.8%) compared to the same period last year, according to the latest data on foreign trade at constant prices published on Friday by the National Institute of Statistics (INS) show. (AllAfrica)

Nigeria: WTO - Okonjo-Iweala, Four Others to Emerge Final Candidates

[This Day] The World Trade Organisation (WTO) is set to announce on Friday the departure of three candidates in the race for the position of the Director General of the global trade body, thereby narrowing the number of contestants to five. (AllAfrica)

Ethiopia: 'It Is Only When There Is Peace That Investors Can Create Jobs'

[Ethiopian Herald] Ethiopia is now transforming its home- grown economy and financial reforms to build a stable and strong economy. The private sector is believed to play a key role. It is well known that the private sector, which can make a significant contribution to the country's economy, was led in unhealthy system. However, the government is currently undertaking various reform measures to address the shortcomings that have directly or indirectly contributed to the failures in economic growth. (AllAfrica)

Kenya: Baringo Water Drowns Trade, Job Losses Up

[Nation] The rising waters of Lake Baringo have disrupted trade and tourism activities in the region resulting in massive job losses. (AllAfrica)

Africa: Africa Flexes Its Muscles in Relations With Europe

[ECDPM] This year was supposed to be crucial for Africa-Europe relations, culminating in the sixth AU-EU Summit, scheduled for 28 and 29 October in Brussels. But then COVID-19 happened. After a long palaver, a decision was finally taken: the summit will be postponed to 2021, although a date still needs to be fixed. Geert Laporte explains why postponing may not be such a bad thing. (AllAfrica)

Namibia: Fish the Only Product With a Diversified Market

[Namibian] THE latest trade statistics put fish exports at the top of the country's competitive products, being send to at least 10 countries around the world. (AllAfrica)

Zimbabwe: Govt Blasts U.S. Over Sanctions Renewal, Denies Army Killings On Civilians

[New Zimbabwe] PRESIDENT Emmerson Mnangagwa's administration has come out guns blazing criticising the US government for its Wednesday decision to new targeted sanctions on Zimbabwean politicians by another year. (AllAfrica)