First Independent Mena Newspaper
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 […]
A delegation of the General Confederation of Moroccan Enterprises (CGEM), led by its president, Chakib Alj, conducted, March 21 to 24, a working mission in Switzerland to explore ways to strengthen trade and investment links between Morocco and the Swiss Confederation. During this visit, the delegation held a series of meetings with representatives of various […]
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 […]
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, […]