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 read more

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Turkish – SA electrotechnical business in bilateral trade talks

From left to right: Mehmet Kavaklioglu, Vice Chairman of the board of TET; Sindi Mzamo, Treasurer of the Black Business Council; HakanKizartici, Deputy Director General, Ministry of Economy, Republic of Turkey; Chiboni Evans, CEO of the SA Electrotechnical Export Council and AtillaEren, Board member of TET read more

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UK’s export finance available to Ethiopia has increased to £200 million

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. read more

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Bitcoin Hit $10,000 in Zimbabwe while Saving the Trade Industry

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. read more

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Commodity Dependence Worsens for Developing Countries

The rise in commodity dependence was most noticeable in Africa, where seven new countries entered the category in 2014-2015 read more

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Exports on the agenda as Edinburgh charity talks trade with Ghana’s High Commissioner

High Commissioner His Excellency Papa Owusu-Ankomah; Challenge Worldwide; Ghana High Commission;
Challenges UK team with Ghana Delegation

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. read more

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ASEAN region steps up bilateral trade and investment with SA

South East Asian investors, manufacturers to visit SA to forge new business ties read more

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Nigeria, Major World Economies Consolidate Progress on Trade and Investment Facilitation

Wang Shouwen, Vice-Minister of Commerce China, DG/Chief Negotiator of Nigerian Office for Trade Negotiations (NOTN) Ambassador Chiedu Osakwe and Nigerian Minister of Industry, Trade and Investment Dr. Okechukwu read more

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South Africa and Turkey Commit to Enhancing Trade and Economic Relations

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. read more

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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). read more

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Boosting Intra-African Trade Crucial to Africa’s Development says ECA’s Stephen Karingi

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 read more

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Switzerland and Ghana launch 2017–2020 cooperation strategy

Trade between Switzerland and Ghana was worth CHF 2.38 billion in 2016, a significant increase over the previous year read more

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USAID Study Examines Impact of Trade-Related Fees and Charges in Ghana

The study details how official and unofficial fees and charges associated with trade impact Ghana’s trade volume, government revenues, and private sector viability read more

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CFTA Modalities on Goods and Services Adopted in Niamey

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. read more

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