Browsing: cross-border trade

Kenya-Ethiopia trade relations

Kenya-Ethiopia Trade Relations: Legislators Advocate for Policy Alignment to Boost Ties

Industry and Trade
  • Kenya-Ethiopia trade relations have been on the rise in the past 27 years, with Kenya having the upper hand. 
  • Ethiopia, on the other hand, recorded an increase at an annualised rate of 23.7 per cent.
  • During the Meeting Kenyan investors also undertook exhibitions showcasing some of their products.

Kenya and Ethiopia have renewed the push to streamline the bottlenecks that are hampering trade growth between the two states. A delegation of the National Assembly to the Kenya-Ethiopia Trade and Investment Mission held in Addis Ababa, Ethiopia, has rooted for the speedy removal of bottlenecks hampering cross-border trade between both Nations.

Kenya and Ethiopia have engaged in bilateral trade across multiple sectors, including agriculture, manufacturing, energy, and services, with the balance of trade hugely in favour of Kenya. In 2022, Kenya exported $95.1M (Sh12.8billion) to Ethiopia, mainly Palm Oil $12.4M (Sh1.7billion), Metal Stoppers $7.95M (Sh1.1billion), and Yeast $6.92M (Sh934million).

This compares …

BRICS nations championing the de-dollarization of international trade.

BRICS nations championing the de-dollarization of international trade

International relations

The global financial landscape has undergone a remarkable transformation in recent times. Remarkably, the issue of the de-dollarization of international trade is slowly but steadily gathering momentum. A rising trend toward de-dollarization is challenging the longstanding supremacy of the United States in the international financial system. As the dominant global reserve currency, the US dollar remains pivotal in international trade, investment, and financial transactions.…

De-dollarise African trade

De-dollarise African trade to strengthen local currencies

Business

There appears to be a consensus that the world is finally turning its back on the US dollar. There are simmering shifts within the global monetary system. The shift becomes ever more apparent, best described as de-dollarisation.

The world is searching for alternatives to the US dollar, finding them more often. Thus, moving away from the dollar can no longer be stopped. For instance, early this year, Indonesia reiterated it would promote local currency settlement (LCS) in cross-border trade and investment to reduce dependence on the US dollar.…

Africa Free Trade Agreement is the largest since WTO. www.theexchange.africa

Trade facilitation to ensure that the AfCFTA works

Industry and Trade

It is critical to strengthen a professional, independent supervision secretariat to make the AfCFTA agreement's promise a reality. A strong secretariat can assist states in developing strong domestic institutions to administer, monitor, and enforce the AfCFTA. The moment for change has arrived. The conventional development models have failed Africa. The AfCFTA, on the other hand, signifies that Africa is open for business.…

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news 20 04 06

Accelerating Africa’s digital transformation

Tech & Business
  • A report by the African Development Bank notes that today, at least a quarter of the continent’s population has internet access, a nearly fifty-fold increase in internet usage since the turn of the millennium.
  • Mobile technologies alone have already generated 1.7 million jobs and contributed US$144 billion to the continent’s economy, or roughly 8.5 percent of GDP
  • Accelerating digitalization, artificial intelligence (AI), cloud computing, robotics, and 3D printing – have obvious and important implications for education, employment, and the future of work

 

Leaders on the African continent must work harder to harness emerging technology to boost government performance, transparency, and inclusivity as the continent recovers from the Covid-19 pandemic.

They also need to ensure that the growing technological advancements across the continent are not used as a tool of repression, division, and conflict.

According to a study by the World Health Organization, 13 percent of all new or modified

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