African Business News

Gulf trade with Africa a growing source of optimism

Trade and investment between Arabian Gulf countries and Africa could historically be summed up in one line: oil going one way, a few agricultural products going the other.

This is now changing as an increased diversity of capital is on the move in both directions.

UN figures show that total merchandise trade between Africa and UAE alone increased from US$5.6 billion in 2005 to $17.5bn in 2014, the latest year available.

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African Airlines Fly High With Cargo On the Back of a Strong Economy

African airlines have registered the fastest growth in freight volumes in seven years in the first half of this year, bouyed by strong trade lines between the continent and Asia.

Data released by the International Air Transport Association (IATA) for the global airfreight markets shows that the volumes were up 31.6 per cent, with a capacity increase of 7.6 per cent.

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How biotechnology can optimize agriculture in Nigeria

“With the down turn in the global prices of oil, we now have to prospect our solid minerals. We have to return to agriculture,” President Buhari to members of the Council of Saudi Arabian Chambers of Commerce and Industry.

According to the United Nations projections, the world population will be 9.8 billion people by 2050 and Nigeria which currently ranks seventh, will become the third most populous, replacing United States. It is currently about 200 million people.

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HIGHEST NUMBER OF FORD RANGER EXPORTS FOR 2017 RECORDED IN JULY

South African new vehicle sales showed encouraging year-on-year improvements in July 2017, and Ford was once again a key player in contributing to domestic volumes.

Having sold a total of 5 561 vehicles locally, Ford claimed an 11.9% share of total industry sales for the month which ended on 46 719 units. The Silverton-based company currently holds 12.4% market share year-to-date.

The Ford Ranger continues to be one of South Africa’s top-selling vehicles overall and in the crucial light commercial vehicle (LCV) sector,

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