Tag: trade
Abu Dhabi hosts inaugural Global South Economic Forum amid calls for new economic order
The first Global South Economic Forum (GSEF) convened this week in Abu Dhabi, gathering over 100 delegates from more than 20 developing nations to chart ... Read More
Trump’s Africa pivot: trade over aid as U.S. unveils commercial diplomacy strategy
The Trump administration has launched a bold new strategy to reshape U.S.-Africa relations, shifting focus from aid to aggressive commercial engagement. Announced in Abidjan on ... Read More
Morocco-EU trade up 7% in 2024
Trade between Morocco and the EU grew by 7% in 2024 to 60 billion euros, the highest level since the two parties signed an association ... Read More
Africa caught in crossfire as China warns against U.S.-aligned trade deals
Amid a deepening U.S.-China trade war, Beijing has issued a stern warning to nations — particularly in Africa — not to strike trade deals with ... Read More
Trump announces sweeping global tariffs, targeting also 51 African nations
US president Donald Trump has unveiled a controversial new tariff policy, imposing sweeping duties on imports from over 180 countries, including 51 African nations. The ... Read More
Poor infrastructure hampering intra-Africa trade, report finds
A recent report by the Mauritius Commercial Bank Group has highlighted the significant barriers posed by Africa’s inadequate transport and logistics infrastructure, which continue to ... Read More
DP World appoints Mota-Engil to develop DRC’s first deep-water Banana Port
DP World has appointed Portuguese construction giant Mota-Engil to oversee the development of the Banana Port, the Democratic Republic of Congo's (DRC) first deep-water maritime ... Read More
Experts urge African nations to shift to local currencies for trade and transactions
Experts at a recent 57th Conference of African Ministers of Finance emphasized the need for African governments to prioritize local currencies for trade and transactions. ... Read More
Sudan blocks all Kenyan imports amid growing tensions over Nairobi-based RSF ‘parallel’ gov’t
Sudan has imposed a complete ban on Kenyan imports in response to Kenya’s role in hosting the paramilitary Rapid Support Forces (RSF) and its allies, ... Read More
China’s expanding port presence in Africa sparks concerns over security and sovereignty
Chinese state-owned firms are playing a dominant role in port development across Africa, with a presence in 78 ports across 32 countries as builders, financiers, ... Read More