AllAfrica News: Trade

South Africa: Senior Trade and Industry Official Incurs R2 Million Expenditure On Overseas Junkets

Wed, 30 Sep 2020 14:08:24 GMT

[DA] In response to Democratic Alliance (DA) parliamentary questions, the Minister of Trade, Industry and Competition (DTIC), Ebrahim Patel, revealed that the Group Chief Operations Officer (GCOO) for his department had incurred over R2 million in travel expenses since 2011. See the response here.

Egypt: A Silver Lining

Wed, 30 Sep 2020 13:28:42 GMT

[ITC] Textiles and clothing companies are seizing new opportunities in Egypt.

Tanzania: Import Bill for July Down

Wed, 30 Sep 2020 11:38:15 GMT

[Daily News] THE total import of goods and services decreased to 9,687.4 million US dollars in the year ending July from 10,185.8 million US dollars in the corresponding period a year earlier.

South Africa: Trade, Trucks and Trains All Across SA

Wed, 30 Sep 2020 11:14:03 GMT

[Daily Maverick] Apparently Transnet gifted South Africans the acronym HKGK, which if you didn't know means "hier kom groot kak" drily expressed by one train driver to another when the TransKaroo collided with a stationary Blue Train one summer's night, injuring about 200 people.

Namibia: Importation of Cucumbers Banned to Support Market Access for Local Production

Wed, 30 Sep 2020 10:53:40 GMT

[Namibia Economist] Due to increased local production volumes of the English Cucumber, Namibia has put a temporary ban on imports of the product, effective 25 September, the Namibian Agronomic Board announced.

Africa: Illicit Flows Dwarf Continent's Resources

Wed, 30 Sep 2020 08:08:58 GMT

[The Herald] Illicit Financial Flows (IFFs) continue to weaken Africa's resource mobilisation efforts, with crippling impact on country-level development, at a time when the continent is battling the disruptive economic effect of the Covid-19 pandemic.

Cameroon: Douala - Collection of Mutilated Bank Notes As Trade

Wed, 30 Sep 2020 08:01:01 GMT

[Cameroon Tribune] Some young men specialize in the purchase and exchange of mutilated bank notes as a means of living.

Ethiopia: Local Production Reduces Imports of Face Masks - Ministry

Tue, 29 Sep 2020 12:34:44 GMT

[Ethiopian Herald] Health Ministry said that the huge establishment and expansion of local medical equipment manufacturing firms have been playing a pivotal role in reducing the country's dependence on the importation of face masks and other Novel Coronavirus (COVID-19) prevention items speaking to The Ethiopian Herald,

Zimbabwe: Cross Border Traders Get Cheaper Covid-19 Testing Deal

Tue, 29 Sep 2020 11:46:55 GMT

[263Chat] Cross border traders have entered into partnership with private laboratories to facilitate easy and affordable testing for Covid-19 ahead of resumption of international travelling.

Nigeria: Ngige Chukwuebuka - How Crypto Currency Aids Foreign Trade

Tue, 29 Sep 2020 10:10:26 GMT

[This Day] Crypto currency is a digital asset designed to work as a medium of exchange, wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.

Zimbabwe: Leaders Join Sanctions Removal Crusade

Tue, 29 Sep 2020 08:47:56 GMT

[The Herald] Zimbabwe has endured the intolerable and crushing impact of economic sanctions for almost two decades.

Kenya: Kenya Airways Shares Trade Freeze Extended to Next April

Tue, 29 Sep 2020 08:01:48 GMT

[Nation] Kenya Airways' shares trading suspension has been extended until April next year owing to delays in finalising the nationalisation plan.

Africa: Germany's Trade With Continent Falls Amid Coronavirus Pandemic

Tue, 29 Sep 2020 05:49:51 GMT

[DW] Africa's economies are forecast to shink as a result of the COVID-19 pandemic. Germany's government is trying to prop up investment, but German companies are pessimistic about doing business on the continent.

Africa: Curbing Illicit Financial Flows Could Save Africa $89 Billion a Year

Mon, 28 Sep 2020 19:14:36 GMT

[UNCTAD] Geneva -- UNCTAD's Economic Development in Africa Report 2020 says stopping illicit capital flight could almost cut in half the annual financing gap of $200 billion that the continent faces to achieve the Sustainable Development Goals.

South Africa: Trade, Industry and Competition Hosts Webinar On Role of Special Economic Zones ...

Mon, 28 Sep 2020 15:39:02 GMT

[Govt of SA] The role of the Special Economic Zones (SEZS) as drivers of economic growth and industrialisation, will come under the spotlight at a webinar that will be hosted by the Department of Trade, Industry and Competition (the dtic), in partnership with the Centre for Development and Enterprise (CDE), on 29 September 2020.

South Africa: Trade, Industry and Competition Hosts Trade and Investment Webinar With ...

Mon, 28 Sep 2020 15:38:16 GMT

[Govt of SA] South Africa and Mozambique will host a virtual Trade and Investment webinar under the theme Developing Afrocentric Solutions and Forging Partnership in Response to COVID-19 scheduled to take place from 29 - 30 September 2020. The Deputy Minister of Trade, Industry and Competition, Ms Nomalungelo Gina and Mozambique Deputy Minister of Commerce and Industry, Ms Ludovina Bernardo are expected address the virtual seminar.

Uganda: Uganda Backtracks on Deal to Abolish Taxes On Kenyan Juices

Mon, 28 Sep 2020 12:18:39 GMT

[East African] Uganda has reneged on an agreement to abolish 12 per cent duty on Kenyan-manufactured fruit juices, and removal of 12 per cent verification fee on Nairobi's pharmaceutical exports, putting a strain on the neighbouring countries' trade ties.

Nigeria: AfCFTA - Nigeria to Benefit From $900bn Global Shipping Business

Mon, 28 Sep 2020 10:24:51 GMT

[Leadership] As deliberations and ratification of the African Continental Free Trade Area (AfCFTA) continues, the president of Ship Owners Association of Nigeria (SOAN), Dr Mark George Onyung, has said that Nigeria would benefit from over $900 billion daily global shipping business.

Ethiopia: Corporation Aims to Gain U.S.$400 Million From Export Sector

Mon, 28 Sep 2020 10:17:32 GMT

[Ethiopian Herald] The proliferation of industrial parks in different corners of the country has played a pivotal role in enhancing the export sector. The industrial parks have been producing competitive products and creating ample job opportunities. But there are logjams that

South Africa: SA, Mozambique to Host Trade Investment Webinar

Mon, 28 Sep 2020 09:33:25 GMT

[SAnews.gov.za] South Africa and Mozambique will on Tuesday host a two-day virtual Trade and Investment webinar.