Tag Archives: trade

Washington, US | XINHUA | Global current account surpluses and deficits narrowed in 2019, and the COVID-19 pandemic could narrow the imbalances further in 2020, the International Monetary Fund (IMF) said in its annual External Sector Report released on Tuesday. In 2019, the global current account balance, the absolute sum …

Nairobi, Kenya | XINHUA | The African Continental Free Trade Area (AfCFTA) could boost the continent’s income by 450 billion U.S. dollars if fully implemented, says a World Bank report released on Monday evening. According to the report, the pan African trade pact would significantly boost continental trade, particularly intraregional …

Accra, Ghana | XINHUA | China’s participation will be one of the key ingredients to the success of the African Continental Free Trade Area (AfCFTA) agreement, some experts have said. Speaking with Xinhua, international trade expert Francis Kofi Korankye-Sakyi said the critical role China has played in Africa’s economic and …

  Addis Ababa, Ethiopia  | XINHUA | The African Continental Free Trade Area (AfCFTA) will create new opportunities for China-Africa cooperation, an Ethiopian expert said on Tuesday. Speaking to Xinhua, Gedion Jalata, a senior advisor to the UNDP South- South Cooperation and a former consultant to UNECA-Capacity Development Division, said the …

Beijing, China | XINHUA |  China on Thursday urged the United States to discard its Cold-War mentality and ideological bias, and work with China to move forward bilateral relations along the track of coordination, cooperation and stability. Chinese foreign ministry spokesperson Zhao Lijian made the comment at a press briefing …

  Kampala, Uganda | XINHUA | The East African Business Council (EABC) on Wednesday urged the East African Community (EAC) partner states to fast track re-opening of the air transport services in order to boost regional trade, tourism and hospitality sectors. Peter Mathuki, executive director and CEO of EABC, a …

Kampala, Uganda | Isaac Khisa | How can African countries boost cross-border financing solutions on the continent? This was the main issue discussed during the Pan-African e-conference hosted by the United Capital PLC, a Nigerian-based financial and investment Services Company, on Friday. Peter Ashade, the Group CEO at United Capital Plc. …

Kampala, Uganda | THE INDEPENDENT | A report on East Africa interstate trade has revealed that Uganda’s trade in the region has increased to 21 percent up from 14.6 percent in the last two years. The increase in the last two years is 6.4 percent. Statistics shared by East Africa Community- …

New Delhi, India | AFP | They hail from vastly different backgrounds — Donald Trump is the son of a property tycoon while Narendra Modi is a descendant of a poor tea-seller. Yet the two teetotallers, loved by right-wing nationalists in their home countries, share striking similarities that have seen …

Paris, France | AFP | Emmanuel Macron and Donald Trump have agreed to extend negotiations on a dispute over a French tax on digital giants to the end of the year, postponing Washington’s threat of sanctions against Paris, a French diplomatic source said Monday. The source said the French and …