Imports

The pristine waters of Kenya's coastline are brimming with renewed promise as the Port of Lamu comes into focus as a key player in regional logistics and trade. Recent commitments between Kenya and its neighboring states are setting the stage for Lamu to shine as a transshipment hub. In the vibrant landscape of African trade routes, President William Ruto announced a pivotal development: an agreement with Ethiopia to route significant portions of imported merchandise through Lamu, our…

Edited By Ali Musa Axadle Times International–Monitoring. In a move that has reverberated across the fuel market, the Dangote Refinery made headlines on Wednesday by announcing a significant reduction in the ex-depot price of petrol. The price has been slashed by N65, bringing it down from N890 to N825 per liter. At first glance, this may appear as just another business decision, but as with many things in life, the ripple effects reach far and wide. Starting…

In a striking development, U.S. President Donald Trump recently announced plans to impose an additional 25% tariff on all steel and aluminum imports, building upon the existing metal duties already in effect. This decision marks yet another chapter in his ongoing trade policy revisions that have some analysts scratching their heads. While en route to the NFL Super Bowl in New Orleans, Mr. Trump shared this news with reporters aboard Air Force One. He indicated that he would detail these new metals tariffs shortly, perhaps…

In a bold move likely to stir international trade waters, U.S. President Donald Trump confirmed plans to impose 25% tariffs on imports from Mexico and Canada beginning February 1st. "Will oil be part of the equation?" you might wonder. Surprisingly, that remains an unanswered query. In a meeting with reporters within the storied walls of the Oval Office, Trump cited the hefty influx of undocumented migrants and the perilous rise of fentanyl-mediated deaths as motivations behind this policy shift. With a furrowed brow and a…

In the sprawling and untamed landscapes of Somalia, livestock isn't just a commodity—it's the lifeblood of the economy. Picture this: a whopping 70% of the country's exports are tied to camels, goats, cattle, and sheep. It's a pastoral symphony harmonized around the rhythm of animal trade. But as serene as it sounds, this melodious arrangement hit a discordant note in 2023, when nearly $1 billion flowed primarily into Saudi Arabia's coffers from Somali livestock exports. However, this paradise of pastoral profits faces a…

Ethiopia’s fuel stream shifts focus from Djibouti to Berbera amidst an escalating Horn of Africa power maneuverFILE - A bird’s-eye view of Berbera Port's fuel terminal (upper left) and its freshly-expanded container terminal (foreground), a crucial lynchpin for regional commerce in the Horn of Africa, including Ethiopia’s potential pivot of fuel imports from Djibouti. (Government of North Western State of Somalia)Mogadishu (AX) —  Ethiopia is mulling over rerouting its fuel imports from Djibouti to North Western State of…