Five people have been killed in overnight strikes in Russia and Ukraine, as the two sides continue to trade drone attacks. Ukrainian officials said on Saturday that more than 200 drones and almost 30 missiles were fired by Russia, with most targeting Dnipropetrovsk where three people died. In Russia, Rostov’s actor governor said two people…
The share of bilateral exports between Africa and the Caribbean, despite extensive shared history, has never surpassed 6%, according to an ITC and African Export-Import Bank (Afreximbank) study, leaving much room for growth of up to $2.1 billion within the next 5 years according to new studies. Key to this growth is adding value in…
President Donald Trump attends a bilateral meeting with European Commission President Ursula von der Leyen during the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 21, 2020. Jonathan Ernst | Reuters The European Union appears to be considering whether to deploy its “Anti-Coercion Instrument” — characterized as a “nuclear option” to try…
Nairobi — The government has called on small and medium-sized enterprises (SMEs) to explore emerging business opportunities in the Horn of Africa, citing regional integration as a key driver of economic growth. Speaking during the Global Somali Entrepreneurial Forum in Nairobi, Principal Secretary for MSMEs Development Susan Mang’eni said the region’s interconnected markets offer untapped…
The United Kingdom has unveiled a sweeping package of trade reforms aimed at boosting African exports, creating jobs and fostering economic growth across the continent. Unveiled on 10 July, the reforms centre around updates to the Developing Countries Trading Scheme (DCTS), the UK’s flagship trade preference programme launched in 2023. The scheme covers 65 countries…
To offset the rising costs of tariffs and trade war uncertainty, companies are using U.S. Customs-sanctioned foreign trade zones (FTZs) and bonded warehouses to delay or reduce product taxes. FTZs have a long history dating back to a previous period of trade conflict, created during the Great Depression by Congress to encourage international trade and…
Coalition governance is messy, but parties should be able to agree on prioritising economic growth and trade into Africa. South Africa’s Government of National Unity (GNU) has just staggered past the one-year mark. Its foreign policy reflects continuity, some change, a steady mismatch between ambition and resources, and little focus on national growth priorities. Disagreements…
United States President Donald Trump has threatened Brazil with a 50 percent tariff, citing the criminal charges against its former president and his political ally Jair Bolsonaro, who is accused of plotting a coup. In a letter to Luiz Inacio Lula da Silva, Brazil’s current president, Trump said on Wednesday that the treatment of Bolsonaro, who…
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…
