exports

Nigerian billionaire Aliko Dangote recently expressed his comfort regarding the implications of former President Donald Trump’s tariffs on his urea exports to the United States. His assessment provides a nuanced perspective on global trade dynamics, highlighting that his principal competitor, Algeria, faced an even steeper tariff. This is a timely reflection considering how international trade often feels like navigating a never-ending chess match, each move influencing the subsequent strategies of market players.…

Edited By Ali Musa Axadle Times International – Monitoring In the bustling world of global fuel trade, have you ever wondered how far-reaching one company's influence can be? Let's explore the captivating journey of Dangote Refinery, a name that is becoming increasingly synonymous with innovation and reach in the international fuel markets. This story is not just about oil and numbers; it’s a reflection of strategic moves and resilience against the odds. The refinery’s products are now being exported to strategic…

In a vibrant dance of colors and commerce, Ethiopia has made significant strides in the global horticultural market. Speaking at the International Floriculture and Horticulture Trade Fair in Addis Ababa, Minister Girma Amente proudly announced that Ethiopia has garnered over 360 million U.S. dollars from horticultural exports in just the initial eight months of this fiscal year. Imagine a bustling exhibition hall, fragrant with the delicate aroma of freshly cut flowers. This is where, back in 2013, Addis Ababa…

Since its independence from British colonial rule in 1957, Ghana has orchestrated a remarkable symphony of progress in various sectors. The gold mining industry plays a pivotal role, contributing significantly to the country’s economy. But what trajectory has it taken over the decades, and what does it suggest about the country's future? Today, Ghana stands tall as Africa’s leading gold exporter. This accolade has become both a blessing and a burden, as economic growth often shadows…

A Journey Through Africa's Economic Prosperity: Unveiling Key Exports and Future Potential Each nation, in its own unique way, weaves its resources into the fabric of the global economy. But have you ever paused to think about what makes a country's wealth tick? What products propel them forward in the complex dance of international trade? Africa, endowed with a wealth of natural treasures, stands proudly on the world stage as a significant player in global commerce. However, beyond its…

In an assertive move to recalibrate the international cobalt market, the Democratic Republic of the Congo has laid down the gauntlet by suspending cobalt exports for a minimum duration of four months. This bold decision was announced by the Authority for the Regulation and Control of Strategic Mineral Substances' Markets (ARECOMS), an authoritative body steering the minerals sector. As reported by Reuters, this ban could potentially alter the dynamics of a saturated market. Patrick Luabeya,…

NAIROBI, Kenya (AX) — A fresh initiative is underway with Kenya inaugurating a revamped pricing panel to tackle the plummeting cost of miraa, known as khat in Somalia. This vital cash crop supports thousands of farmers, with the strategy centered around boosting exports to Somalia, the predominant purchaser of Kenyan miraa. The panel's mission is clear: to stabilize miraa and muguka prices and enhance farmer revenues. The nine-strong committee, a brainchild of the Agricultural and Food Authority (AFA), boasts members from…

ISIS Somalia Branch Bolsters Operations with Gold Sales, Reeling in Up to $6 Million AXADLE, Somalia — Nestled in the rugged northeastern Bari region, the Islamic State's Somalia faction has found a lucrative gig — hawking locally mined gold, according to various accounts. Since 2022, these golden ventures have lined the group's coffers to the tune of an estimated $6 million, the International Crisis Group reports. The gold trade orchestrated by ISIS-Somalia shines a light on not just their economic maneuvers but also their…

West African shea exports are currently slower, but they broke their record highs last season. The use of this vegetable fat is increasing, especially in Europe. West Africa exported no less than 500,000 tonnes of shea between August 2019 and July 2020, the campaign's start and end dates. This has just been revealed by the…

In Madagascar, as yearly in November, your entire port metropolis of Tamatave on the east coast vibrates to the rhythm of the lychee skirt. This week, town will stay its final - intense - days of this distinctive marketing campaign on this planet. If the fruit is to be on the tree till January, lychees are picked and ready for…