Thursday, July 16

Industry and Trade

Agoa US Africa Relations

The African Growth and Opportunity Act (AGOA) has played a pivotal role in the economic relations between the US and Africa. Since its enactment by the US Congress in 2000, Agoa has offered African nations preferential access to American markets, promoting trade and economic growth. In recent years, however, AGOA has become a focal point in the intensifying competition between the US and China for influence in Africa.

Zambia’s traditional export earnings dip by 7.7% to hit K10.9 billion in September, 2023. www.theexchange.africa

The latest data from the Zambia Statistics Agency (ZAMSTATS) has placed Switzerland as the dominant force in Zambia’s export market. Switzerland accounted for a staggering 45.9 per cent of Zambia’s export earnings for September 2023. 

ZAMSTATS’ October monthly bulletin reveals Switzerland’s dominant position as Zambia’s primary export destination. This is primarily driven by the export of copper anodes for electrolytic refining. Copper exports constitute a significant 73.4 per cent of total export earnings.

Africa's Beverages Industry

The vibrant culture in Africa’s beverages industry is evolving at pace. On the one hand, this culture offers a broader selection of drinks that cater to new shopping behaviours. Conversely, Africa’s beverage industry culture opens up exciting opportunities for local producers and beverage entrepreneurs. At the same time, multinational beverage companies are looking to tap into this diverse marketplace.

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