Kenyan traders report that the ongoing lockdowns in China are now directly impacting their bottom lines. “Yiwu supplies Kenya with 60 percent of goods that we get from China, however, the current restrictions on Shanghai imply that containers cannot get to the port for onward shipping to Kenya,” said James Kariuki, a trade expert. China’s strict anti-COVID measures have severely disrupted already fragile supply chains, particularly at the Port of Shanghai. (BUSINESS DAILY)
The Guinean government issued a new decree on Friday that requires all international mining companies to present plans by next month on how they plan to refine bauxite domestically or else face unspecified “penalities.” Guinea is the world’s second-largest bauxite producer, a key ingredient used to produce aluminum. The world’s largest aluminum manufacturer, China Hongqiao, is one of the largest operators in Guinea. (REUTERS)
