Browsing: import

• Kenya’s President William Ruto is urging Africa to shift from exports of raw materials to industrial processing of goods. He says African economies must change tact to revamp import/export trade.
• Comesa bloc has a combined GDP of $805 billion and a global export/import trade in goods worth $324 billion. 
• In a radical move, Dr Ruto calls for merging of Comesa, the East African Community, and the Southern African Development Community. 

Kenya’s President William Ruto is calling on the Common Market for Eastern and Southern Africa (COMESA) member-state to embrace industrial processing of to boost the value of exports and in turn enhance Africa’s share of global trade. 

In a radical shift that is also seeking to boost trade across Africa, Dr Ruto is also calling for the consolidation of trading blocs Comesa, the East African Community, and the Southern African Development Community.

Industrial processing to boost Africa trade

By joining …

Egypt’s imports of non-durable consumer goods declined by 19.7 per cent during the first five months of 2020, to record $5.056 billion compare to the $6.299 billion in the same period of 2019, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).

CAPMAS added that in May 2020, imports of non-durable goods in Egypt decreased by 26 per cent to $820.574 million down from $1.514 billion in May last year.

CAPMAS also said that medicines and pharmaceuticals imports decreased by 12.7 per cent during the same period, recording a total of $924.965 million compared to $1.059 billion during the same period in 2019.

Sugar imports declined by 76.6 per cent to $15.489 million during the first five months of 2020, compared to $66.161 million during the same period last year.

Soap and cleaning products dropped by 31.2 per cent, registering $64 million in the first five months of …