Trade between India and Africa increased by 9.3% between fiscal year 2021/2022 and 2022/2023, reaching $98 billion, according to India’s external affairs minister, as more than 30 African countries have benefited from India’s duty-free tariff preference (DFTP) scheme for least-developed countries. Speaking at the Confederation of Indian Industry (CII) and Exim Bank of India conclave […]
The United States Tuesday imposed sanctions on Prime Minister of the Tripoli-based Salvation Government seen by Washington as a major obstacle to the UN-backed political process. President Obama authorized the US Treasury to impose sanctions of Khalifa Ghwell and all other Libyans who have been opposed to the political process and impeded the establishment of […]
African countries have called on China, Africa’s largest trading partner for 14 consecutive years, to shift the focus of the economic relationship from building infrastructure on the continent to supporting local industrialization. With China’ trade with Africa having surged in 2022 by 14.8% year-on-year to reach $282 billion, the Asian powerhouse has been Africa’s largest […]
