Category: Import/ Export
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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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Algeria Welcomes EU Court Ruling on Morocco Trade Agreements, Emphasizes Sahrawi Rights
Algeria has expressed its strong approval of the recent ruling by the European Court of Justice (CJEU) that annulled trade agreements between the European Union and Morocco, a decision that has reignited international discourse on the status of Western Sahara. The Algerian Foreign Ministry praised the ruling, calling it a “recognition of the Sahrawi people’s…
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The number of countries investing in Zimbabwe rose by 35% to 46 last year, the government says
The Zimbabwean government also issued licenses to 615 new foreign investors, a 130% increase from 2022, said Willard Manungo, deputy chief secretary in the Office of the President and Cabinet, at a recent Zimbabwe Investment and Development Agency (ZIDA) stakeholder forum. According to him, China remains Zimbabwe’s largest investor, with new investments coming from South…
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Tanzania experiences a 41% increase in meat exports while the leather sector sees a decline, media says
The country’s meat exports in 2023 amounted to 14,701 tonnes worth of $86.3 million, which is over 4,200 tonnes more in comparison with 2022, according to Tanzania’s 2023 State of the Economy report. “The increase in meat exports was due to improved businessand investment environments as well as strengthened meatmarkets in countries such as Hong…
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