Tag: Trade
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๐ง๐ผ Botswana Nears Historic Deal for Majority Stake in De Beers
In a move that could dramatically reshape the global diamond industry, Botswana is pushing to finalize a deal to acquire a majority stake in the legendary gem company, De Beers, by the end of next month. This potential acquisition represents a seismic shift for the southern African nation, which has been the primary source of…
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๐จ๐ฉCongo suspends cobalt exports for four months amid glut
The Democratic Republic of Congo says itโs suspending cobalt exports for four months to rein in oversupply of the battery metal on the international market. Cobalt production in Congo โ which produces about three-quarters of the material used in electric-vehicle batteries โ has soared in recent years, as Chinaโs CMOC Group Ltd. ramped up output…
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The Impact of Donald Trumpโs Executive Orders on Africa: A Closer Look
Donald Trump’s presidency began with a series of executive orders that carried far-reaching implications, not only for the United States but also for Africa. These policies spanned critical areas such as trade, energy, climate, and immigration. Analysts have highlighted the potential negative impact these decisions could have on African nations, with several policies directly affecting…
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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 Somalilandโs Ministry of Financial Development. This development marks a significant step in the implementation of a memorandum…
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