Trade Archives - Gambeta News

RUSSIA-AFRICA SUMMIT : PRESIDENT PUTIN TO BOOST RUSSIA’s INFLUENCE IN AFRICA

Posted on October 23, 2019October 23, 2019 by Gambeta News

President Vladimir Putin proffers help to Africa with no strings attached unlike those he regards as “the exploitative West.” In-line with Russia’s plan to increase her influence in Africa; Putin has offered help to African countries without expecting anything in return. This statement was made ahead of the first-ever Russia-Africa summit and economic forum which is to be held in Sochi, Russia from 23rd – 24th October, 2019 . Over 49 African leaders and 3,000…

STANBIC IBTC NIGERIA LAUNCHES AFRICA-CHINA AGENT PROPOSITION (ACAP)

Posted on May 28, 2019May 28, 2019 by Gambeta News

Stanbic IBTC launches ACAP in Nigeria. The Africa-China Agent Proposition (ACAP); is a product with the aim of changing the view African importers have about Chinese suppliers. The ACAP will provide access to financing for African importers and will also give them the authority to sight and control the entire importing and logistics process. To aid Nigerian importers to safely and efficiently source for quality goods from competitive Chinese suppliers; Stanbic IBTC have officially launched…

ZIMBABWE TRADE TO INCREASE WITH BITC INVESTMENT

Posted on April 30, 2019May 1, 2019 by Gambeta News

Botswana Investment and Trade centre to increase trade with Zimbabwe from US$30 million to US$105 million. Trade is an important commodity when it comes to Economic growth. This is why the Botswana Investment and Trade centre (BITC) is targeting opportunities in Zimbabwe. BITC plans to increase trade with Zimbabwe from US$30 million to US$105 million by exporting lots of goods between both nations ( Botswana and Zimbabwe). This announcement by BITC chief operations officer came…

PRESIDENT MAGUFULI UNHAPPY WITH SLOW TRADE IMPLEMENTATION BETWEEN MALAWI

Posted on April 25, 2019April 25, 2019 by Gambeta News

Tanzania President call for more improvement in the implementation of trade agreement with Malawi. Tanzania President John Magufuli is unhappy with the slow implementation of the trade agreement with Malawi. During a two-day visit to Malawi, He called for the speedy implementation of the agreement. He cited the construction of the one-stop border post at Songwe-Kasumulu as very slow. The construction is under the Memorandum of Understanding signed way back in 2015. President Magufuli said “There is…

RWANDA CALLS FOR DEEP AFRICAN PARTNERSHIP TO BOOST CONTINENT’S ECONOMY

Posted on November 22, 2018 by Gambeta News

Rwanda calls for African partnership to help boost African economy. Rwanda, the landlocked East African country recently held a Trade Facilitation and Manufacturing forum in Kigali. At the forum, Rwandan top officials stressed on the need for deeper African partnership especially between its fellow East African neighbours. The Forum served as the 22nd Meeting of the Intergovernmental Committee of Experts of the Sub-regional Office for Eastern Africa; (ICE 2018). Industrialization is the key to Africa’s economic development. It…

CHINA OFFERING US$60bn IN FINANCING FOR AFRICA

Posted on September 4, 2018 by Gambeta News

China to support African development with US$60 billion China president Xi Jinping yesterday said the Chinese government will be financing Africa with US$60 billion. He added that Chinese companies will also invest at least US$10 billion over the next three years. He made this statement at the opening ceremony of the African leaders summit in Beijing. Mr. Jinping said the fund will support developments that Africans can see and touch. The developments/projects will also be green and…

NIGERIA EXPLORE WAYS TO STREGTNEN TIES WITH GERMANY

Posted on June 25, 2018 by Gambeta News

Nigeria explore opportunities to strengthen economic ties with Germany The Delegation of German Industry and Commerce (DGIC) in Nigeria is collaborating with Nigeria-German Business Association (NGBA) and also the German-African Business Association (Afrika-Verein der Deutschen Wirtschaft) to explore new investment opportunities that will help strengthen economic ties between Nigeria and Germany. This was however the idea behind the recently concluded 7th German-Nigeria business forum in Lagos. The theme of the forum is: Leveraging partnership for economic growth. Also at…

NIGERIA TO START ELECTRICITY TRADING WITH NEIGHBOURS

Posted on April 11, 2018April 11, 2018 by Gambeta News

Nigeria will begin trading electricity with other West African countries by June this year. The regulatory body for electricity trade in West Africa, ECOWAS Regional Electricity Regulatory Authority (ERERA) in conjunction with West African Power Pool (WAPP) is hoping to launch the regional electricity market by June. Therefore, there will be synchronization of all the electricity across the sub region. So from Nigeria to Cote D’Ivoire, will be on the same power frequency. Under this arrangement, Nigeria will be…

SAITEX

Posted on March 12, 2018March 12, 2018 by Gambeta News

CONNECTING EXPORTERS, TOP BRANDS AND MANUFACTURERS WITH IMPORTERS, DISTRIBUTORS AND RETAILERS GALLAGHER CONVENTION CENTRE JOHANNESBURG, SOUTH AFRICA. 24-26 JUNE 2018 For 25 years SAITEX has been the major trade development in Africa, attracting hundreds of suppliers and thousands of visitors. While Africa will continue to grow its manufacturing, it is a net importer of goods and services. In addition more than 300 exhibitors from 36 countries will showcase thousands of products across all major import…

KENYA TO DEEPEN TRADE TIES WITH NAMIBIA, RWANDA AND ZAMBIA

Posted on November 29, 2017 by Gambeta News

Newly elected Kenyan President, Uhuru Kenyatta seeking to strengthen trade ties with Namibia, Rwanda and Zambia. Speaking after his official inauguration on Tuesday, November 28th, 2017, Kenyan President, Uhuru Kenyatta who held bilateral talks with Presidents of Namibia, Rwanda and Zambia, said he plans to boost inter-regional relations with the three States. Kenya have already existing trade ties with Tanzania and Uganda, as they are major export destinations for the East African nation. Although being a power house in the tea export…

BURKINA FASO-GHANA TO STRENGTHEN TRADE TIES

Posted on November 9, 2017 by Gambeta News

GPHA seeking improved trade relationship with Burkina Faso. During a week long trade mission to Burkina Faso’s capital, Ouagadougou, organised by Ghana Ports and Harbours Authority (GPHA), which is aimed at increasing transit traffic between Ghana and Burkina Faso (who are Ghana’s biggest transit trade partner). Some concerns which need addressing were raised; Aiming at removing repetitive custom procedures at Ghanaian borders, Burkina Faso’s Customs are requesting to integrate its systems with those of its Ghanaian counterparts. This…

TURKEY TARGETS US$1bn TRADING WITH GHANA BY 2020

Posted on October 30, 2017 by Gambeta News

Turkey seeks to increase its trading volume with Ghana to a billion dollars by 2020 Ghana-Turkey became Sub-Saharan Africa’s 3rd largest trading partner in 2016 with a trading volume of US$480 million, but the Ambassador of Turkey to Ghana, Nesrin Bayazit, has said that she is targeting to increase this volume to US$1 billion by 2020. Nesrin believes that with improved commitment and increased collaboration, among the two countries, the US$1 billion target can be achieved. A Joint Economic Committee…