First Independent Mena Newspaper
China is using new hybrid logistics links or multimodal rail-sea lines to bypass cargo chokepoints in an effort to speed up trade with Africa, where it is the largest trading partner. New rail-sea hybrid transport options stretching from western China as far as Europe, which are speeding up goods movement to Africa, imply the belt […]
Nearly 60% of African countries remain dependent on exports of commodities despite decades-long efforts to diversify. Therefore, a shift especially to technology and financial services, among other sectors, could help them withstand economic shocks, a study recently published by the United Nations Conference on Trade and Development (UNCTAD) argues. UNCTAD’s Economic Development in Africa Report […]
The African Development Bank, through its Financial Sector Development’s Trade Finance operations, has launched a Transaction Guarantee instrument designed to provide up to 100% cover for non-payment risk to regional and international banks, for trade transactions initiated by local banks in Africa. The guarantee will cover an array of trade finance instruments, including confirmed letters […]
Trade between Morocco and the rest of Africa showed an average annual growth of 6.1% over the period 2009-2019, according to “Al Maliya”, the magazine of the Moroccan Ministry of Economy & Finance. The share of this trade in the Kingdom’s overall trade volume stood at 5.1% in 2019, according to data from the Foreign […]
Turkey and its Libyan ally UN-backed Government of National Accord (GNA) Thursday inked a Memorandum of Understanding (MoU) in the area of trade and a new plan meant to solve pending issue, Libyan Observer reports citing Turkish Trade Minister Ruhsar Pekcan. The deal signed Thursday, according to Pekcan will lay the groundwork for resolving ongoing […]
Trade import and export volumes between China and countries from Africa have grown significantly in 2018, but only 15 countries from the continent have benefited from the growth. According to Chinese customs service, most of these countries are located in sub-Saharan Africa, with the exception of Libya. These are Angola, South Africa, Congo, DRC, Zambia, […]
A delegation of Tunisian investors is in Ghana to explore business opportunities from different sectors including Agric-food, information technology, construction and engineering, state-run news agency reported. According to Deputy Trade Minister, Carlos Ahenkorah, the move will allow Tunisia to manifest its business prospects in Ghana to complement the West-African nation’s industrialization agenda. MrAhenkorah urged the […]
Trade between Morocco and France grew by an annual average rate of 5.8% between 2010 and 2017, standing at 109.3 billion dirhams, Morocco’s finance ministry said in its statistics. Between 2016 and 2017, trade between the two countries expanded by 6% as Moroccan exported 56.8 billion dirhams to France and imported 51.9 billion dirhams. France […]
Morocco’s exports to the EU grew by 9.5% in 2017 while its imports increased 7%, Eurostat said. Spain remains Morocco’s first EU customer with 41.4% of its total exports to the EU followed by France (29.6%), Italy (6.7%), the UK (5%) and Germany (4.3%). Spain is also Morocco’s first EU supplier accounting for 35.6%, followed […]
Spain remained Morocco’s top trading partner in 2016 with trade turnover totaling $10.6 billion up from $9.3 billion in 2015, Morocco’s foreign exchange regulatory authority, L’Office des Changes said. Between 2015 and 2016, Morocco’s imports from Spain rose from $4.4 billion to $6.2 billion, while its exports to the country jumped from $4.2 billion to […]