New York — They are lightweight, cheap, and able to be used in every sector of every supply chain. Few materials have revolutionized manufacturing and the global economy as much as plastics have. They are essential in almost everything, however this comes at a cost. A cost of 1.5 trillion annually in environmental damage, and…
To enhance trade, financial inclusion, and economic cooperation, some countries in the Horn of Africa, including Ethiopia, Kenya, Somalia, Sudan, and Djibouti, need to set up regional payment networks. Nevertheless, it hasn’t been put into practice or operationalized among them yet. Encouraging trade between states is one of the regional payment network’s many goals. The…
Canada’s U.S. trade minister Dominic LeBlanc told “Face the Nation with Margaret Brennan” that while the country was disappointed that President Trump has levied a 35% tariff, “We believe there is a great deal of common ground between the United States and Canada in terms of building two strong economies that work well together.” He…
LESOTHO is set to become the epicenter of African culture and commerce this September as it prepares to host the inaugural ‘Africa Cultural Exchange and Trade Expo’ from 3 to 7 September 2025 in Maseru. The event, which promises to be a milestone in fostering continental unity, was officially unveiled during a recent press conference…
Cape Town — The U.S. administration eased its proposed tariffs on trade with several African countries, but charges of up to 30% will kick in on imports from four countries in the coming days. The biggest beneficiary of the Trump administration’s rethink of its policy since its initial announcement of new tariffs in April is…
The Southern African Development Community (SADC), in partnership with the European Union (EU), the United Nations Industrial Development Organization (UNIDO), and the International Trade Centre (ITC), officially launched the Africa Trade Competitiveness and Market Access (ATCMA) SADC Programme on the margins of the 8th SADC Industrialization Week held in Antananarivo, Madagascar on 28th July 2025….
Adie Bush | Connect Images | Getty Images Shares of Hanwha Ocean surged as much as 16.06% on Thursday to their highest levels since July 2015, following U.S. President Donald Trump’s announcement of a blanket 15% tariff on Seoul’s exports to the U.S. According to Reuters, Kim Dong-kwan, the vice chairman of the Hanwha Group,…
A top South African diplomat said on Tuesday that US demands on domestic affirmative action policies were complicating efforts to secure a trade deal, days before a 30% tariff on South African exports to the US takes effect. South Africa has tried for months to persuade US President Donald Trump’s administration to lower the tariff…
Traders work on the floor of the New York Stock Exchange (NYSE) on July 28, 2025 in New York City. Spencer Platt | Getty Images News | Getty Images Stock markets in the U.S. and Europe didn’t seem that delighted with the U.S.-European Union trade deal reached over the weekend. The S&P 500 ticked up, but…
The new trade agreement between the U.S. and the European Union will lift tariffs on imports of goods from EU countries to their highest level in decades and hurt the trading bloc’s economic growth, according to some experts. “It is an asymmetric and unbalanced deal,” economists with investment bank Société Générale said in a…
