First Independent Mena Newspaper
China’s investment in Tanzania has hit a record $1.8 billion since President Xi Jinping’s visit in the East African country 10 years ago, while bilateral trade between China and Nigeria has taken dip by about a third in 2022 compared to 2021. China’s direct investment stock in Tanzania is 2.5 times that of 2012, according […]
Morocco resumed the exports of tomatoes capped at 1000 tons daily, professionals said, after a ban that lasted weeks. Morocco had banned exports of tomatoes to African markets and reduced shipments to Europe after prices surged to unprecedented levels. The government spokesman Mustapha Baitas had said that the measures were aimed at reducing prices in […]
Rapidly rising fertilizer prices are forcing farmers to reduce output and the world’s poorest continent is expected to be hardest hit, with Angola, Malawi and Zimbabwe most at risk in the Southern African region, according to Food and Agriculture Organisation (FAO). Sanctions on entities within major fertilizer exporter Russia after the invasion of Ukraine and […]
Africa should aim at creating a joint bank with Russia to facilitate financial transactions between both sides and promote trade, according to one of Burkina Faso’s leading political figures. “I think that when it comes to strengthening cooperation with Russia in key areas of the economy, it is very important that we explore the possibility […]
The extension of the UN-brokered Black Sea Grain Initiative and, in turn, the newly-arrived wheat imports from Ukraine could help ease hunger in drought-stricken areas in Africa and bring down high food prices, according to Kenyan economists. Earlier in the week, 30,000 tons of wheat arrived in Kenya under the Black Sea Grain Initiative, in […]
Morocco, under the leadership of King Mohammed VI, has been able to meet its water needs thanks to 152 large dams with a storage capacity of over 19 billion m3 and 136 other small dams, providing water for irrigation and strengthening the country’s water supplies. These figures have been unveiled at the United Nations in […]
China is importing more food products such as avocados, cashews, sesame seeds and chili peppers from Africa, after President Xi Jinping promised to increase non-resource imports from Africa and agriculture is emerging as the new focus of Beijing’s engagement with the continent. In the first two months of this year, Shanghai ports handled more than […]
The United Kingdom is expected to make direct investments worth $10 billion in Kenya in 2023, but in order for the East African country to fully benefit from the Economic Partnership Agreement (EPA) signed between both states in 2022, it will also have to maintain and enhance market access conditions. Kenya’s Cabinet Secretary for Investment, […]
Trade exchanges between Russia and Africa should move away from the US dollar and be facilitated by transition to national currencies, Russian President Vladimir Putin has said, just as Tanzania and India have inked an agreement establishing a platform by which their bilateral trade will be carried out in their own currencies, not the dollar. […]
UK trade commissioner for Africa John Humphrey has described Morocco “a gateway to Africa and a key business partner for the United Kingdom”. Commenting his meeting held Tuesday in London with Moroccan Ambassador to the UK Hakim Hajoui, John Humphrey said, in his twitter account, that talks with the Moroccan ambassador focused on ways of […]