First Independent Mena Newspaper
Canada has launched its inaugural Africa Strategy, a comprehensive policy aimed at enhancing economic cooperation, security, and shared prosperity between Canada and African nations. Developed through extensive consultations over two years, the strategy, launched on 6 March, seeks to strengthen trade, promote peace, and foster sustainable development, particularly through youth empowerment and infrastructure development. The […]
As the volume of trade between Africa and India has multiplied in the past 20 to 30 years and India has become the continent’s third largest trading partner after China and the EU, analysts say that the African Free Trade Area (AfCFTA) offers significant opportunities for New Delhi to help the continent realize its vision […]
The Horn of Africa countries should turn to trade as a solution to persistent conflict and political instability, says a new report by the United Nations Development Programme (UNDP), that suggests that the lack of intra-regional trade, as well as poor infrastructure, has fueled conflict and violence by perpetuating poverty and a sense of marginalization. […]
A new credit rating agency designed to address the needs of sovereign borrowers in Africa, and led by an African Union (AU) Commissioner, is on track to be launched in 2025, according to a senior AU official. Speaking with reporters in Accra, the AU Commissioner for Economic Development, Trade, Tourism, Industry and Minerals, Albert Muchanga, […]
Morocco and south Korea are heading towards the establishment of a legal framework on trade and investment, with the aim to conclude an Enhanced Partnership Agreement (EPA). This was stated in a joint communiqué that was signed in Seoul by the Korean Minister of Trade Inkyo Cheong and Moroccan Foreign Minister Nasser Bourita, who participated […]
Trade between Nigeria and neighboring Niger has bounced back since the West African bloc ECOWAS lifted sanctions on the latter coup-hit country, just as the president of the ECOWAS Commission admits Niger, Mali, Burkina Faso’s withdrawal will cost the regional bloc as much as US$1 billion. In January 2024, the three countries led by military […]
With Chinese lending to Africa shrinking, the continent must focus on increasing its internal trade, diversifying trade-able goods away from commodities, and developing and solidifying its relationships with other global economic partners, according to a senior official at the Asia Business Council. The continent has long had robust economic ties with China, but now faces […]
China’s recent announcement that it was expanding its tariff-free policy to additional African countries, namely Angola, Gambia, Congo, Madagascar, Mali and Mauritania, may be a catalyst for new opportunities amid criticisms about the trade imbalance, according to experts. The Chinese government announced on 25 December 2023 that it was granting the additional six African states […]
Libya’s General Federation of Chambers of Commerce, Industry, and Agriculture has proposed a new commercial crossing on the border with Egypt to facilitate the flow of goods and enhance bilateral trade, separate from the Salum land crossing used by individuals, Libya Observer reports. Mohamed Al-Raeed, head of the federation, held discussions on the initiative during […]
The British government has appointed Rob Butler new trade envoy to Morocco, a gateway for investors to African markets. His mission is to strengthen further trade and economic partnership between the two countries Rob is a member of the ruling Conservative party. He was elected MP for Aylesbury in 2019. He was a TV news […]