South African macadamia nut farmers are bracing for a major economic shake-up as the United States considers implementing steep import tariffs that could significantly impact the country’s lucrative nut exports. …
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AFRICA NEWSAgribusinessEconomyTrade and Commerce
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AfricaBusiness InsightsEconomyInternational RelationsINVESTMENTManufacturingNigeriaPoliciesSouth AfricaSpotlightTrade and Commerce
Trump’s Tariff War Shakes African Economies, Sparks Fresh Push for Trade Alternatives
The recent trade decision by United States President Donald Trump is now causing serious economic pressure across Africa. President Trump, under his “Liberation Day” trade policy, has introduced fresh tariffs …
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AfricaEconomyGOVERNMENTInternational RelationsManufacturingPoliciesTrade and Commerce
Trump slaps tariffs on Africa as he hails ‘Liberation Day’
Former U.S. President Donald Trump has once again stirred global trade waters by introducing heavy new tariffs that affect countries across Africa, as part of what he calls his “Liberation …
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BusinessEconomyInternational RelationsPoliticsTrade and Commerce
Trade Among Yourselves to Survive Trump’s Tariff, Ecobank Boss Advises Nigeria
The Chief Executive Officer of Ecobank Transnational Inc., Mr. Jeremy Awori, has called on Nigeria and other African countries to increase trade among themselves in order to reduce the possible …
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BusinessPoliciesTrade and Commerce
FG Urged to Boost AfCFTA Participation as US Slams 14% Tariff on Nigerian Exports
Economic analysts have called on the Federal Government to ramp up local production and take full advantage of the African Continental Free Trade Agreement (AfCFTA) following the imposition of a …
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BusinessEconomyManufacturingPolitics
South Africa’s Manufacturing Sector Faces Challenges but Sees Slight Improvement
In March, South Africa’s manufacturing sector continued to face challenges, according to the latest Purchasing Managers’ Index (PMI) survey. The index, which measures the performance of the manufacturing industry, showed …
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Business and EconomyEastern AfricaKenyaPoliciesTrade and Commerce
Kenya Becomes Africa’s Largest Importer of Second-Hand Clothes
Kenya has been named the largest importer of second-hand clothes in Africa, a title that highlights the country’s ongoing struggle to revive its textile industry while serving as a dumping …
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The Federal Government has disclosed that the value of agricultural products exported from Nigeria to the United States in 2020 was $63m. The Minister of Industry, Trade and Investment, Adeniyi …