Latest News for: African trade reports


Africa Navigates the COVID Era's Shipping Challenges

The Maritime Executive 18 Sep 2021
The data analytics firm gave the example of MSC, which had shifted some 13,000 TEU of ship capacity from African trading routes in favor of the Pacific. The report noted that the major reason behind the shift was due to the high revenue earned along the East-West trade routes. This has a significant impact on African shippers.

China's trade with Africa grows to record high

Independent online (SA) 17 Sep 2021
A recent report by Economist Corporate Network, supported by Baker McKenzie and Silk Road Associates, BRI Beyond 2020 (Economist report), showed how these strengthening trade links are, in part, a result of favourable financial incentives offered to African jurisdictions by China.

FG to promote sustainable ethical business practices

Business Day Online 17 Sep 2021
Minister hails CSR-in-Action for Corporate Sustainable Investor’s Report ... Onuegbu said he was motivated by the fact that Africa has finally started putting its house together through the African Free Trade Continental Agreement (AFTA) which according to the World Bank report will reduce extreme poverty by over half after implementation in 2035.

The Latest: Djokovic a set away from US Open semifinals

Finger Lakes Times 09 Sep 2021
NEW YORK (AP) — The Latest on the U.S. Open tennis tournament (all times local).. 11.55 p.m ... Open semifinals ... 11.05 p.m ... Berrettini, the No ... The South African has more tennis to play in the area, even after his 7-6 (6), 6-3, 6-4 loss to No ... Saints acquire cornerback Bradley Roby in trade with Texans. report ... The South Africans will face Venezuela on Sept ... .

China, Africa enjoy broad economic, trade cooperation prospects

People Daily 07 Sep 2021
Secretary-General of the African Continental Free Trade Area (AfCFTA) Wamkele Mene recently noted that Chinese companies’ investments, especially into the infrastructure sector, have made huge contributions to the building of Africa’s connectivity and the AfCFTA.

Mashreq opens representative office in Shanghai

Gulf Daily News 07 Sep 2021
The UAE is considered China's largest non-oil trading partner in the Middle Eastern and North African region. According to recent reports, UAE-China trade volume has reached over $50 billion, and the target is to expand further to $200 billion by 2030.
photo: AP / Lefteris Pitarakis
Turkish soldiers stand at an outpost in the town of Akcakale, Sanliurfa province

Generosity of Turkish people helps save lives in Uganda

Anadolu Agency 04 Sep 2021
Many African countries have welcomed Turkey as a major international partner, which analysts have attributed to the fact it is a nation that is free of colonial history and exploitation ... Forbes magazine reported in 2018 that trade between African nations and Turkey increased more than 600% in the last 15 years.

Team takes steps toward historic United Nations Resolution to stamp out witchcraft atrocities

Phys Dot Org 02 Sep 2021
... from the African continent ... In the last decade, more than 700 attacks on people with albinism have been reported in 28 countries. Trade in body parts of people with albinism is big business in certain African countries with a "going rate" of $75,000 for a full set of body parts.

Economist proposes Cryptocurrency as reasonable alternative to single trade currency under AfCFTA

Joy Online 31 Aug 2021
This, he says, could complement an African digital currency if well implemented ... Reports have shown that more cryptocurrency trading in Nigeria, with 1.1 million trades per month, is more than any other African country current trading, indicating somewhat a loss of faith in traditional investment forms.

South Africa's Massmart to sell Game stores in Ghana

Business Ghana 31 Aug 2021
Reuters reports that the decision comes after the second-largest distributor of consumer goods in Africa reported a narrower half-year loss ... weaknesses, Massmart with presence in 12 African countries said. Game reported a narrower trading loss of 347.3 million rand in the period.

Imports from afar make good life a reality

China Daily 30 Aug 2021
AWOT Global Corporation, a logistics service provider in China, says that in the first three months of this year trade between China and Africa rose 26.9 percent, totaling $52.1 billion. A United Nations Development Programme report published in March forecast that African countries will trade more with China and less with India, Europe and the US.

SA’s Game stores to exit Nigeria, Ghana, other African countries

Business Day Online 30 Aug 2021
Massmart Holdings Limited, a South African (SA) firm and second-largest distributor of consumer goods in Africa has announced plans to dispose of all general merchandise, a total of 14 Game stores across Nigeria, Ghana, Uganda, Kenya and Tanzania, as reported by Reuters ... Game reported a narrower trading loss of R347.3 million in the period.

S. Africa’s Massmart to sell 14 Game stores in Ghana, other East and West Africa countries

Joy Online 29 Aug 2021
Massmart�is disposing of all its general merchandise Game stores in West and East Africa to stem losses in that struggling business, chief executive Mitch Slape said on Friday, after the Walmart�majority-owned retailer reported a narrower half-year loss ... Game reported a narrower trading loss of 347.3 million rand in the period.

S.Africa’s Massmart to dispose 14 Game stores in East and West Africa

Metro USA 27 Aug 2021
It reported a narrower trading loss of 347.3 million rand in the period, however the distractions from the restructuring and constrained foot traffic in many super and regional malls and shopping centres saw sales fall 8.7% ... (Reporting by Nqobile Dludla; Editing by Sherry Jacob-Phillips and Toby Chopra).

S.Africa’s Massmart to sell 14 Game stores in East and West Africa

Metro USA 27 Aug 2021
Like its peer Shoprite Holdings, forays into African markets including Nigeria have been marred by currency volatility and constrained consumer demand, making it difficult to operate profitably on the continent once touted as the next bright growth spot for retailers ... Game reported a narrower trading loss of 347.3 million rand in the period.

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