First Independent Mena Newspaper
Some 130 leaders from Africa and other world’s regions have gathered in China for a two-day meeting organized by the Chinese government that marks the 10th anniversary of its Belt and Road Initiative (BRI). The summit that kicked off on Tuesday (17 October) is the third BRI Forum for international cooperation. Launched a decade ago, […]
Over the past two decades, Africa’s trade partnerships have significantly shifted away from Europe, with Asia emerging as the primary trading partner, a recent analysis by Mo Ibrahim Foundation noted, whereby this development is underpinned by high‑growth corridors both between African regions and with regions beyond including Asia and the Middle East, according to a […]
Russian President Vladimir Putin announced that his government is actively working on preparing trade agreements with four Arab countries, with Morocco being one of the key partners. The announcement was made during a Cabinet meeting, reported the Russian news agency, TASS. In his address, Putin said his nation is focused on establishing free trade zones […]
Egypt’s Minister of Trade and Industry Ahmed Samir, Tuesday August 1, as he began a trip to Turkey announced that the North African country plans to increase the volume of bilateral trade with Turkey. From $10 billion to $15 billion over the next five years. Samir’s visit (August 1-3) is the first for an Egyptian […]
The Central Bank of Egypt (CBE) has signed a memorandum of understanding (MoU) with the State Bank of Vietnam (SBV) to bolster joint cooperation, the office of Egyptian Prime Minister Mustafa Madbouly said in a statement, on Thursday July 27. Madbouly and his Vietnamese counterpart Tran Lu Quang witnessed the deal signed in the Egyptian […]
The United Kingdom is “absolutely committed” to enhancing trade with Morocco, said Minister of State for International Trade Nigel Huddleston. In 2022 we did about £3.1 billion-worth of bilateral trade, up nearly 50% on 2021, and we are using our association agreement with Morocco to boost that even further, he told the House of Commons […]
A pan-African payment system that would allow African nations to trade among themselves, using their own currencies, is gaining momentum, as the platform has recently started commercial operations with nine countries having signed up so far, according to the Afreximbank President Benedict Oramah. The African Export-Import Bank — or Afreximbank — expects 15 to 20 […]
Togo and Canada have expressed their keenness to increase trade between the two countries with a bilateral market estimated at $65.2 million in 2021. Mary NG, Canada Minister of Trade met in Ottawa with his Togolese counterpart Kodjo Adedze last week, the Togolese government announced Sunday. The administration of President Faure Gnassingbé said NG and […]
While China’s global competition has been a well-known fact, Beijing now signals an expansion of its ambitions in the Horn of Africa, as evidenced by Ethiopia’s recent acknowledgement that China has become the East African nation’s leading source of foreign direct investment, largest trading partner, and development financier. China plans to send more emergency food […]
South Africa will use its position as the 2023 chair of the BRICS multilateral bloc to advance the interests of African states under the theme of ‘BRICS and Africa Partnership for Mutually Accelerated Growth, Sustainable Development and Multilateralism’. “Africa supplied raw materials that contributed to the industrializations of other parts of the world. It is […]