exports

President Cyril Ramaphosa has taken a firm stance against the recently imposed 30% tariff by U.S. President Donald Trump. He characterizes this decision as a "unilateral" action that lacks solid backing from trade data. Announced to take effect on August 1, this tariff highlights a peculiar dynamic, as South Africa is the only sub-Saharan nation singled out in Trump's proclamation. This distinction underscores a complicated and often strained relationship between the two leaders. In a letter addressed to Ramaphosa, Trump…

Breaking New Ground: Ethiopia's First Electricity Export to Tanzania In a groundbreaking move that symbolizes a new chapter in regional energy collaboration, Ethiopia has successfully initiated its first electricity export to Tanzania. This historic event was made possible by leveraging Kenya's high-voltage transmission network. As a pilot project, it marks a significant milestone in the evolving landscape of energy trade within East Africa, showcasing how countries can work together for mutual benefit. Recently, the…

The United Kingdom has renewed its commitment to the Developing Countries Trading Scheme (DCTS)—an initiative that aims to strengthen trade relationships with developing nations. This program, introduced in 2023, opens doors for Nigeria and 36 other African countries, allowing them to export over three thousand products with either no duties or significantly reduced tariffs. "Nigeria plays a pivotal role in the UK's aspirations for global trade," remarked British High Commissioner to Nigeria, Richard Montgomery. He…

Zimbabwe's Strategic Shift in Lithium Exports: A Bold Move Toward Local Processing Zambia is set to implement a significant change in its mineral export policy by banning the export of lithium concentrates starting January 2027. This decision, announced by Mines Minister Winston Chitando, is part of a broader initiative aimed at enhancing local value addition within the mining sector. “With effect from January 2027, the export of lithium concentrates will no longer be allowed,” he stated during a press briefing in Harare.…

In a decisive moment for Gabon’s economic future, President Brice Oligui Nguema has put forth an ambitious initiative aimed at industrializing the nation’s economy. This initiative isn’t just a flash in the pan; it is a calculated effort to harness Gabon's vast natural resources, transforming them into high-value goods that can benefit the entire population. As he articulated during his announcement, Oligui envisions a Gabon that thrives on its own merits, moving beyond mere extraction and embarking on a journey of true…

Evaluating U.S.-Africa Trade Relations: Insights from 2024 In 2024, the landscape of trade between the United States and Africa painted a compelling picture of a shifting economic dance. This is not merely about numbers; it's about people, industries, and futures intertwined. The exports reveal not only the diversity of economies—ranging from resource-rich nations to dynamic consumer markets—but also a tangible strengthening of ties. Have you ever stopped to think about the stories behind these statistics? Let's dive…

Aliko Dangote: Pioneering Nigeria's Export Future Africa has recently witnessed a significant announcement from its wealthiest businessman, Aliko Dangote, who has unveiled plans to launch coal exports from Nigeria in the imminent weeks. This move signifies yet another lucrative addition to the robust portfolio of Dangote Industries Limited (DIL). As we ponder the implications of this shift for both the economy and the environment, one must question: how will Nigeria balance its economic growth with sustainability?…

The Dawn of Dangote Polypropylene: A Game-Changer in the Global Market In an exciting development, the Dangote Petroleum Refinery and Petrochemicals has announced a strategic partnership with Vinmar Group, a prominent global distributor of petrochemicals. This alliance is set to launch Dangote Polypropylene, a product poised to make significant waves in international markets. The partnership raises the question: can local brands truly compete on a global stage while retaining their unique cultural…

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…