Tag: Import/ Export
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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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🇬🇲 Gambia: Global Hardwood Demand Cuts Deep Into the Gambia’s Revenue
Laws and policies against illicit logging exist, but sustainable solutions should also consider the many benefits of ecotourism. Illegal logging in Africa costs the continent up to US$17 billion annually. A high global demand for African hardwood fuels this environmental crime. By value and by volume, rosewood is the most trafficked wildlife product worldwide. Africa’s…
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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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