Leaders from business and policy-making are not expecting a return to 1930s-style trade war, despite the populist backlash in parts of the world against globalization and free trade.
Kenyan traders have been asked to observe cross-border trade regulations to avoid harassment.
Outgoing United States President Barack Obama has extended sanctions against Zimbabwe by at least another year, a report said on Sunday. This came as reports on Friday indicated that Obama's administration was set to ease sanctions against Sudan and broaden now limited talks with the long estranged African government.
The sleek passenger train waiting for its inaugural journey at Djibouti’s barely finished Nagad station almost stretched out of sight down the platform. Three tracks behind it was an even longer goods train of dark green wagons that were so new they had yet to be stained by the dust that is ubiquitous in this corner of the Horn of Africa.
There was much excitement in Africa when Barack Obama was elected US president in 2008. But he didn't live up to many expectations. Daniel Pelz recounts the legacy of the first US president with African roots. Jubilant crowds flooded the streets of Ghana's capital Accra during Obama's first visit to Africa as US president. Even members of Ghana's parliament rose to chants of "Yes we can" when he addressed them.
Despite Singapore’s growing trade and investment partnerships with Africa, there have been no free trade agreements (FTAs) between the city state and the African continent. Rather, both parties have agreed to a number of bilateral investment treaties, primarily concerned with private investments and double taxation avoidance treaties. By using Singapore as a successful model of a trading nation that benefits from FTAs, this article seeks to examine the reasons why African countries have not successfully implemented FTAs with Singapore. It also considers what needs to be done to facilitate both intra- and inter-trade in Africa.
Modern transport links are vital to national and global prosperity. Without quick and reliable routes to move goods – and the facilities required to handle them – trade will be stifled and living standards held back. Nowhere is this need greater than in Africa. Poor transport links within and across borders explains why intra-regional trade is at 12 percent in Africa compared to 60 percent in Europe.