African Business News

East Africa containerised trade volumes grow 1% Q1 2017

The 2017 First Quarter East Africa Trade Report issued by Maersk Line Eastern Africa - a member of A.P. Moller-Maersk - reveals that aggregate trade levels in the region have improved slightly since 2016, resulting in overall year-on-year growth of 1%.
According to the company's MD, Steve Felder, in line with what was reported last year, there continues to be a noticeable disparity in performance between the two core trade corridors of East Africa.

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Zambia turns to East Africa for its excess maize

Zambian grain traders are expected to sell off 382,640 tonnes of white maize to East African countries in a deal worth US$100 million.
Other produces expected to be exported to east African markets, including Kenya and Uganda, are soya beans and wheat.

The lucrative contract was clinched in Lusaka during the Regional Trade Facilitation Forum organised by the Eastern Africa Grain Council and Zambia Commodity Exchange with support of USAID’s East Africa Trade and Investment Hub and USAID’s Southern Africa Trade and Investment Hub.

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How can countries grow intra-Africa trade?

In the midst of rising trade protectionism among advanced western economies, African countries must work to sustain ongoing efforts to achieve structural transformation of African economies and enhance their integration into the global economy.

African and global trade experts said this at the just concluded meeting of the African-Export-Import Bank (Afreximbank) in Kigali.

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IITA research eases fears over yam supplies as Nigeria kicks off export

Research being conducted by the International Institute of Tropical Agriculture (IITA) in seed yam multiplication holds promise and could help Nigeria to quadruple yam production, says Nigeria’s Minister for Agriculture and Rural Development, Chief Audu Ogbe, who ends a two-day visit in Ibadan today.

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