Washington, D.C. — President Donald Trump is set to host the heads of state from Gabon, Guinea-Bissau, Liberia, Mauritania, and Senegal at the White House next week for a luncheon aimed at strengthening commercial and security ties between the United States and Coastal West and Central Africa. According to a White House official, the event…
Flags of the European Union and the United States. Sean Gallup | Getty Images News | Getty Images CNBC’s assignment desk has a conundrum this week: how to approach July, 9. Why does this specific date matter? It’s the deadline for trade negotiations between the U.S. and European Union before the tariffs axe (maybe) falls…
Nairobi — African ministers have pledged to protect millions of donkeys from rampant skin trade, marking a turning point for both the animals and the rural communities that depend on them. At the Pan-African Donkey Conference (PADCo) held in Abidjan, Cote d’Ivoire, leaders signed the Abidjan Declaration, a landmark agreement that upholds the African Union’s…
Bulawayo, Zimbabwe — A new report has raised concerns about the exclusion of African fish workers from trade protocols between their governments and developed countries, resulting in impoverished communities relying on fishing. This comes as the impact of Africa’s trade protocols with blocs such as the European Union and the United States is being examined…
The Namibia Trade Forum (NTF) has cautioned that more work needs to be done for Namibia to fully realise the opportunities presented within the African Continental Free Trade Area (AfCFTA). This comes after Namibia exported its first consignment under the programme, shipping 45 000 tonnes of salt to Nigeria. While the achievement has been lauded,…
Abuja — Trade is set to expand at an average of 5.1 per cent a year through 2026, before quickening to 5.4 per cent by 2028 Africa’s trade projected to hit $1.5 trillion in 2025 as growth momentum builds Africa’s intra- and extra-regional trade is on course to reach US$1.5 trillion in 2025, according to…
Newly elected president of the Board of African Export-Import Bank (Afreximbank), Dr. George Elombi, has hinted of plans to lead the bank to change the structure of African trade with a focus on developing the continent to favourably compete with other continents. The president said his key priorities will be to “change the structure of…
President Donald Trump on Friday said the United States is immediately “terminating ALL discussions on Trade with Canada” in response to Ottawa’s decision to impose a digital services tax on American tech firms. Trump’s surprise announcement on Truth Social accused Canada of “copying the European Union” with the “egregious” tax. “We will let Canada know…
Abuja, Nigeria — Africa’s persistent trade finance gap–now estimated at over $420 billion–poses a critical threat to the continent’s industrial ambitions, job creation, and sustainable economic transformation. But the African Export-Import Bank (Afreximbank) is proposing a comprehensive solution to close this gap and build a more sovereign, resilient, and inclusive African financial ecosystem. The Bank’s…
Addis Ababa, — The top U.S. diplomat for Africa dismissed claims of unfair trade practices on Tuesday. Amid rising concerns about U.S. trade policies, the top U.S. diplomat for Africa, Ambassador Troy Fitrell, addressed allegations of unfair practices at the U.S.-Africa Business Summit. Ambassador Fitrell said funding delays would not jeopardize a key railway project…
