First Independent Mena Newspaper
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, […]
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. […]
Kenya and Uganda have launched talks for the opening of a one-stop border post in Lokiriama in northwest Kenya with the aim of fighting banditry in the region and in turn boosting cross-border trade. The two neighbors revived their September 2019 memorandum of understanding (MoU) that sought to enhance cross-border trade between the Turkana and […]
Morocco is the fourth most attractive African country and 50th worldwide for trade, according to a ranking published by Spanish consulting firm Bloom Consulting. The Spanish consulting firm, specializing in Nation Branding, has published its report “Country Brand Ranking Trade – Edition 2022-2023”. In this ranking, the kingdom is in fourth place in Africa, behind […]
Tunisia and Cote d’Ivoire’s Chambers of Commerce and Industry signed last Tuesday a Memorandum of Understanding (MoU) to bolster trade relations between the two countries as the North African country seeks to conquer the West African country’s market. The deal signed by Faman Touré and Ali ben Taher, respectively Presidents of Cote d’Ivoire Chamber of […]
US President Joe Biden will be hosting some 45 heads of state from across the African continent in Washington, DC, on 13-15 December for the flagship US-Africa Leaders Summit, but analysts say that the US president could be much more ambitious in his engagement. The three-day summit — designed to showcase, in US Vice-President’s Kamala […]