Tag Archives: trade
Economic Commission for Africa Chief urges stakeholders to deliver a ‘timely and meaningful’ Continental Free Trade Area
The Executive Secretary noted that by eliminating tariffs the CFTA can boost intra-African trade by 52% and that by reducing non-tariff barriers it can be doubled, benefiting African welfare to the tune of $22 billion
The UK has doubled the amount of export finance it is making available to support UK-Ethiopia bilateral trade, the British International Trade Secretary, Dr Liam Fox has announced. Dr Fox made the announcement during a visit to Addis Ababa, where he was accompanied by UK businesses from the infrastructure and energy sectors.
Zimbabwe’s economic crisis and financial difficulties are making cryptocurrency trade the new dawn in the payments and flow of money. With the huge liquidity issues here and there, most people have resorted to using bitcoin for transactions, especially for international trade and payments. This has also yielded results of increasing bitcoin prices – with a current trade price of about 9,000 USD against global trade price of about 5,000USD. The countries famous trade platform for bitcoin, Golix, says there is a higher demand than the supply within the cryptocurrency industry in Zimbabwe. She furthered to mention that Interest in bitcoin has peaked as people cannot send money outside or pay for international transactions using formal banks. Mobile money and other alternative means of transaction are not being fruitful.
A leading Scottish charity has met with Ghana’s High Commissioner in a bid to improve trade between the two countries. Challenges Worldwide, which is based in Edinburgh and runs a business consultancy programme in Ghana, says it is now working with the GHC to further develop business opportunities between Ghana and Scotland.
South East Asian investors, manufacturers to visit SA to forge new business ties
South Africa and Turkey have committed to strengthening trade and economic relations between the two countries with the aim of increasing two-way bilateral trade and investment. This emerged on the last day of the third Session of South Africa-Turkey Joint Economic Commission (JSE) which was addressed by the Minister of Trade and Industry, Dr. Rob Davies, and the Turkish Minister of National Education, Dr. Ishmet Yilmaz in Pretoria today.
International Trade Secretary announces increasing financial support for UK businesses to trade with South Africa and Mozambique
International Trade Secretary, Dr Liam Fox , announced increases in financial trade support for UK businesses to trade with South Africa as he flew out to South Africa and Mozambique to discuss strengthening trade relations (Sunday 17 September).
Boosting intra-African trade is the most effective channel for trade to deliver development on the African continent, said Mr. Karingi, adding deeper trade integration is the surest way to speed up Africa’s economic transformation
Trade between Switzerland and Ghana was worth CHF 2.38 billion in 2016, a significant increase over the previous year
The study details how official and unofficial fees and charges associated with trade impact Ghana’s trade volume, government revenues, and private sector viability
The sixth meeting of the Continental Free Trade Area Negotiating Forum (CFTA-NF) was held from the 5th to 10th of June 2017, in Niamey, Niger, followed by the third meeting of the Senior Trade Officials (STO) and the African Ministers of Trade (AMOT) from 12th to 14th and 15th to 16th June 2017 respectively.