export

Namibia has officially embarked on a pivotal journey by launching its participation in the African Continental Free Trade Agreement (AfCFTA). This significant milestone is the culmination of years of commitment and strategic planning, marking a promising chapter for the nation within the broader African trade landscape. As one of the earliest ratifiers of AfCFTA, Namibia has set a precedent. The government's proactive approach culminated in the gazetting of its tariff offer in December 2024, a critical step designed to…

Mali's Bold Step into Gold Refining: A New Chapter for the Economy Mali's government has recently unveiled its ambitious plans to establish a state-controlled gold refinery in collaboration with the Russian firm Yadran. This initiative is poised to significantly boost Mali’s gold sector earnings, a critical component of the nation’s economy. As a nation rich in mineral resources, how can it better leverage these assets to shape a prosperous future? Finance Minister Alousseni Sanou revealed that the newly formed…

The Flourishing Grain Alliance: Russia and Egypt's Growing Partnership In a significant development in international trade dynamics, Russia has emerged as Egypt's leading grain supplier in 2024. The announcement from the Russian Ambassador to Cairo, Georgy Borisenko, has captured the attention of both economic analysts and agricultural experts alike. Russia’s export of over 10 million tons of wheat to Egypt not only marks a historic high for both nations, but it also sets a new precedent…

The US-Congo Mineral Deal: A New Chapter in International Relations There's an interesting buzz in the air—a buzz tethering on the edges of hope, diplomacy, and commerce. It's about the Democratic Republic of Congo (DRC) and the United States forging a potentially lucrative mineral deal that could reshape not just economic landscapes but geopolitical dynamics. But who is at the helm of these critical negotiations? Meet Massad Boulos, President Donald Trump's newly appointed Senior Advisor for Africa. It's…

With a canvas that paints the vibrant economic landscape of Ghana in 2024, the nation has remarkably exceeded expectations. According to the latest Ghana Statistical Service (GSS) Trade Report, Ghana ended up with a trade surplus of GH₵44.7 billion, considerably overshooting the import bill of GH₵250.2 billion. This prompts the question: What's driving such growth, and more importantly, what's next for Ghana? Gold, Petroleum, and Cocoa dominate exports A deep dive into the report…

According to an insightful report by Global Statistics, the following ten countries top the global export charts. They are shaping industries like technology, automotive, energy, and manufacturing, effectively steering the course of international trade. 1. China – $3.38 Trillion China, the behemoth of exports, sends an almost unbelievable $3.38 trillion worth of goods across seas and skies each year. It's a titan in producing electronics, machinery, textiles, and steel. Remember when you…

Hargeisa (AX) — In a recent drama unfolding in North Western State of Somalia, the government has pulled the plug on the operating license of a pivotal livestock inspection facility in Berbera. The decision, fueled by allegations against its Arab proprietor, Abu Yaasir, claims he inked an unsanctioned pact with the Somali federal government. It’s a maneuver perceived as jeopardizing the lifeline of North Western State of Somalia's thriving livestock export sector. Does one ever pause to reflect on how a single decision can…

President William Ruto in Kakamega on January 20, 2025/PCS With the ambition of transforming Kenya into a titan of the sugar trade within just a couple of years, President William Ruto unveiled an intriguing blueprint ripe with potential and challenges. On a bustling Monday in Kakamega, Ruto shared a grand vision: by 2027, Kenya will not only fulfill its domestic sugar requirements but will also venture into the world of exporting the sweet commodity. Ever the optimist, Ruto elaborated on the nation's current measures…

Lawmakers Challenge Exclusive Livestock Export Deal In a bold stand, about one hundred members from both chambers of Somalia's Federal Parliament openly criticized a recent government decision favoring Abu-Yasir, a foreign entrepreneur, with exclusive rights to export the country's livestock. In clear-cut words on Monday, the parliamentarians pointed fingers at President Hassan Sheikh Mohamud, accusing him of putting a foreigner's interest over those of local Somali traders. These traders have long been pillars in the…

In a groundbreaking move, Ethiopia has initiated its inaugural shipment of chilled fruits and vegetables aimed at the European market, as announced by the Ministry of Agriculture. This venture marks a significant step in the nation's agricultural export journey. The launch involves Ethio Vegfru, a private exporter and importer company, which has now started its operations by sending Sugar Snap and Mangetout peas to the Netherlands, an event overseen by Sofia Kasa, the State Minister of Agriculture. This export is not just a…