Latest News for: African trade reports


SA engineering capacity utilisation is lowest in decade, report shows

Independent online (SA) 01 Mar 2021
Seifsa said in its State of the Metals & Engineering Sector Report ... A total trade in the M&E sector, indicated the report, had favoured imports since 1995. The South African net trade balance in the M&E sector averaged R102 billion since 1995 to the third quarter of 2020 ... BUSINESS REPORT .

Zuneid Yousuf – Unlocking Zambia’s Riches

Yahoo Daily News 27 Feb 2021
African Green Resources, Yousuf’s agri-tech venture, is meeting the twin challenges of food security and economic development with a bottom-up approach ... In 2020, he was among the first to recognise that the next head of the WTO must be an African, in an article for the Africa Report ... Trade unions.

Morocco considers launching central bank digital currency

Independent online (SA) 22 Feb 2021
Although bitcoin was banned for use in Morocco four years ago, the cryptocurrency continues to thrive in the country, with Nigeria, South Africa and Kenya being the only African countries with more trading volume, CoinDesk reports ... African News Agency .

Roundup: EAC economies resilient against COVID-19 amid greater economic diversification need: UN report 18 Feb 2021
The newly launched joint report by UNECA, TradeMark East Africa (TMEA) and African Economic Research Consortium (AERC), entitled "Waving or Drowning? The Impact of the COVID-19 pandemic on East African Trade." ... The African Continental Free Trade Area (AfCFTA) Agreement "could be instrumental in making this happen," the report advised.

Novavax says COVID-19 vaccine is 89.3% effective in UK trial, less in South Africa

Metro USA 28 Jan 2021
Novavax shares rose more than 22% in after hours trading following the report, which comes on the day the United States reported its first cases of the South African variant ...The South African variant is clearly going to be an issue, but it’s not an absolutely catastrophic event either.

Novavax COVID-19 vaccine demonstrates 89.3% efficacy in UK phase 3 trial

The Jerusalem Post 28 Jan 2021
Novavax shares rose 20% in after hours trading following the report, which comes on the day the United States reported its first cases of the South African variant ... The South African variant has been shown to evade antibody protection in lab studies by Moderna and Pfizer and BioNTech.

WEF report offers ways to boost intra-African trade

Independent online (SA) 27 Jan 2021
The World Economic Forum’s (WEF) Connecting Countries and Cities for Regional Value Chain Integration – Operationalising the African Continental Free Trade Area (AfCFTA) report has analysed the impact that Covid-19 has had on Africa’s supply chains ... enhanced intra-African trade.”.

AfCFTA: Understanding the challenge of implementing free trade agreement (1)

Business Day Online 26 Jan 2021
Nigeria finally signed and ratified the African Continental Free Trade Agreement (AfCFTA), however, it is very important to ... According to an UNCTAD report of 2018, the share of intraregional trade among countries that made up Southern African Development Community (SADC) was 20.7%.

Fashion’s future is bricks and clicks

Mail Guardian South Africa 24 Jan 2021
Truworths recently said that although its South African stores did not have to endure further hard lockdowns, its UK stores were forced to close during the recent efforts to curb the spread of Covid-19 ... This week, The Foschini Group (TFG) reported a similar story. Its South African stores fared well given the current trading conditions.

MTI Bitcoins Sent to Privacy Mixers as New Data Breach Exposes the Ponzi Scheme’s Top Earners

Bitcoin 10 Jan 2021
The reports of MTI bitcoins going to mixers follow the recent disappearance of the company’s CEO, Johann Steynberg late last year ... Meanwhile, adding more woes to the MTI executives, are reports in the South African media of another hacking of the online trading company’s servers.

AfCFTA is here, but can Nigeria rise to the occasion?

Business Day Online 07 Jan 2021
Recently, BusinessDay reported that majority of small businesses in the country were unaware of the African Continental Free Trade Area (AfCFTA) Agreement, which began on January 1, yet they contribute almost half of Nigeria’s GDP.

UK Government funds index of investors in Britain’s slave trade

The National 28 Dec 2020
Academics are set to compile the first ever index of investors into Britain’s historic slave trade, after receiving £1 million ($1.3m) in funding from the UK government ... trade," he said ... Historic England, a public body, reports that Britain enslaved 3.1 million Africans.