Category: Import/ Export
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🇲🇽🇺🇸 Supreme Court blocks Mexico’s lawsuit against US gun makers over cartel violence
The Supreme Court ruled unanimously Thursday in favor of U.S. gun manufacturers and blocked a liability lawsuit brought by the government of Mexico, which sought to hold the companies accountable for the trafficking of their weapons south of the border to fuel violence by the cartels. The government argued in its historic lawsuit that American…
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New U.S. Tariffs Threaten Lesotho’s Textile-Driven Economy
Lesotho was recently hit with some of the highest tariff rates on record when U.S. President Donald Trump announced a 50% tariff on imports from the Kingdom. This decision comes at a critical time for Lesotho, whose economic stability relies heavily on the textile sector and trade benefits provided by the African Growth and Opportunity…
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Wells Fargo’s Plan to Privatize the Post Office: Implications for Pan-African Nations and Global Shipping
A newly released memo from banking giant Wells Fargo has exposed a predatory scheme to dismantle the United States Postal Service (USPS). The plan involves selling off profitable segments of the USPS, slashing union jobs, and drastically increasing prices—by as much as 140 percent—for postal services. If implemented, this privatization effort would not only devastate…
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🇨🇮 French Troop Withdrawal from Côte d’Ivoire: Local Businesses Brace for Economic Impact
The impending withdrawal of French troops from Côte d’Ivoire has sparked significant concern among local business owners, particularly those in Port-Bouët, a suburb of Abidjan. These entrepreneurs have long depended on the patronage of approximately 600 French soldiers stationed at the 43rd Marine Infantry Battalion (BIMA) camp. The departure of these troops, scheduled for the…
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🇲🇿 ExxonMobil’s Rovuma LNG Project: What It Means for Mozambique and Pan-African Prosperity
Mozambique is once again at the center of global energy discussions as ExxonMobil, the US energy giant, prepares to restart work on its monumental Rovuma liquefied natural gas (LNG) project in the northern province of Cabo Delgado. This multibillion-dollar initiative has been hailed as a transformative venture with the potential to redefine Mozambique’s economy and…
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African Fashion Industry Sees Rapid Growth: A New Era of Global Influence
The African fashion industry is on a remarkable growth trajectory, projected to reach a staggering $70.58 billion by 2024. This expansion is fueled by an annual growth rate of 5.16% until 2028, marking a significant shift in the global fashion landscape. This surge in the African fashion sector is largely driven by the growing international…
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Ethiopia Establishes Transit Customs Points in Berbera Port, Strengthening Trade Ties with Somaliland
The Ethiopian government has officially opened transit customs points at the Port of Berbera in Somaliland. These facilities will facilitate the transport of cargo unloaded at the port to various destinations within Ethiopia, according to an announcement from Somaliland’s Ministry of Financial Development. This development marks a significant step in the implementation of a memorandum…
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🇺🇸🇭🇹 American Airlines suspends flights to Haiti indefinitely
American Airlines is no longer resuming its daily service out of Miami into Port-au-Prince’s Toussaint Louverture International Airport. American had initially suspended flights through February 12. The suspension is now indefinite. A spokesperson for the U.S.-based carrier said that it will evaluate a possible resumption in late 2025 of the only daily service out of…
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Morocco launches anti-dumping investigation into Egyptian steel imports
The Ministry of Industry and Trade has launched an investigation into steel sheet imports from Egypt amid suspicions of dumping after a complaint from Maghreb Steel regarding a questionable increase in Egyptian imports, which it claims adversely affects the national industry. In a notice published on Thursday, October 10, the department stated that it had…
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