S.A’s Ramaphosa Urges Stronger Trade and Investment with Angola

S.A’s Ramaphosa Urges Stronger Trade and Investment with Angola

S.A President Cyril Ramaphosa has called for stronger trade and investment ties between South Africa and Angola. Speaking during the state visit of Angolan president João Lourenço, Ramaphosa said both countries must explore new economic opportunities beyond the oil sector, particularly in areas such as infrastructure, agriculture, and renewable energy:

December 13, 2024 14

Africa

Biden Expresses Pride In Visit to Angola

US President Joseph Biden expressed pride in being the first American president to visit Angola as he began talks with President João Lourenço. And according to BBC Africa, the discussions at the presidential palace in Luanda focused on security and trade, with the US government backing a new 1,300km railway project linking an Angolan port to mining regions in the Democratic Republic of Congo and Zambia.

December 4, 2024 5

Africa

BRICS nations would suffer under a 100 percent tariff from Trump

The economies of BRICS nations would be damaged should US president-elect Donald Trump impose a 100-percent tariff on the countries. This is according to Future Forex CEO, Harry Scherzer. Trump has threatened to impose the tariff if BRICS countries were to create a rival currency to the US dollar. Scherzer says the possibility that Trump sticks to his guns and does impose tariffs, would hamstring South Africa in […]

December 3, 2024 17

World

Russia and India to discuss trade and economic cooperation at ministerial meeting

Russia's First Deputy Prime Minister Denis Manturov and India's Foreign Minister S Jaishankar will discuss boosting economic and technology ties in New Delhi on Tuesday.Balance of trade is also high on the agenda during the two leaders' meeting, as Ishan Garg reports from New Delhi.

November 12, 2024 32

Business / Economics

Windhoek High-level conference aims to boost Namibia-EU trade

A high-level conference in Windhoek is focused on boosting trade between Namibia and the EU through sustainable practices and regulatory alignment. Key discussions include EU regulations on carbon reduction, corporate sustainability, and environmental protection, with strategies for Namibian compliance. Michael Humavindu the executive director at the National Planning Commission.

November 8, 2024 33

Business / Economics

Trade Minister launches national trade policy

The Minister of Industrialisation and Trade, Lucia Iipumbu has launched the National Trade Policy. This Policy will guide the country's trade relations with the rest of the world and was formulated within the scope of Vision 2030. The Ministry's spokesperson, Elijah Mukubonda.

October 14, 2024 30

Africa

Biden Administration supports AGOA re-authorisation

The Biden administration is supporting the early extension of the African Growth and Opportunity Act, allowing over 30 sub-Saharan African countries to maintain duty-free access to the U.S. market. Joy Basu, the Deputy Assistant Secretary of State in the Bureau of African Affairs, confirmed this during a press briefing, saying the United States supports an early re-authorization before AGOA expires in September 2025. Since its enactment in 2000, the […]

July 30, 2024 32

World

China and Botswana: ‘fong kong’ products have helped drive local manufacturing – study

By Yanyin Zi, Rikkyo University Chinese products are frequently viewed as inferior and inexpensive, contributing to their negative reputation. This is true in African countries too. Nonetheless, Chinese merchandise has played a pivotal role in shaping economies by accelerating globalisation and fostering local development. Take the case of Botswana. Botswana has a population of more than 2.4 million people. Its economy is primarily driven […]

June 25, 2024 21

Africa

Uganda revamps oil imports

Uganda is seeking to revamp its oil import procedures by shifting to Tanzania as its primary import hub. As it stands Ugandan fuel companies acquire 90 percent of their supplies through Kenyan companies. Daniel Kijo reports from Dar es Salaam.

February 19, 2024 45