Tag: trade
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Kenya Must Boost Fishing Industry to Lessen Impact of Chinese Imports: Principal Secretary
Macharia Kamau, Kenya’s Principal Secretary to the Ministry of Foreign Affairs and the country’s former delegate to the UN, says the solution to Chinese imports flooding Kenya’s fish market isn’t to stop imports. Rather, he urged the East African country to move more aggressively into sea fishing. ...
Chinese Tastes Shaping South African Wine-Making
South African winemakers are increasingly tailoring their products to the tastes of the Chinese market. South Africa’s share of China’s wine market was less than 1% in 2019. However, it’s grown rapidly, thanks to China’s massive tariffs on Australian wine. Before the trade war, Australia accounted ...
Sinotruck to Open New Assembly Plant in Tanzania
Chinese state-owned heavy vehicle manufacturer Sinotruck announced this week that it plans an assembly plant in Tanzania. Sinotruck’s investment in the plant comes to $20 million and will create 500 jobs. One additional benefit from the new plant, and others ...
Troubling Economic Forces Are Converging in Kenya
The war in Ukraine is exacerbating Kenya's worsening financial crisis by contributing to higher inflation and adding more pressure to the already embattled shilling. In fact, several potentially dangerous economic forces appear to be converging in Kenya. This interplay will make life more difficult for both policymakers ...
Calls Growing Louder in Kenya to Balance Lopsided Trade With China
All week, numbers have been trickling out of Kenya's National Bureau of Statistics that depict a dangerously lopsided economic relationship with China. The latest data show that last Kenyans $3.9 billion worth of products from China but exported just $131 million in return.
It’s Been Five Years Since South Africa Started Selling Beef to the Chinese and They Still Don’t Know What They’re Doing, Says Expert
South Africa was among the first, and still one of the few African countries that has been allowed to export beef to China but today, five years later, SA ranchers still don't understand the Chinese market according Dong Wang, director of the China Marketing Solutions consultancy.
Almost 2/3 of Africa’s Exports to China Last Year Came From Just Three Countries
The highly distorted nature of China-Africa trade in 2021 was the subject of a series of compelling charts and infographics published on Tuesday by the online financial news site Quartz. African exports, in particular, stood out. Only three ...
WEEK IN REVIEW: Ethiopian Airlines Moving to Capitalize on Growing China-Africa E-Commerce Trade
There's good news and bad news in Kenya's latest trade figures, released by the National Bureau of Statistics. The good news is that exports jumped 17% in the January-November period last year to $5.9 billion. Higher regional demand, particularly from Uganda, for Kenyan food and industrial output helped to ...
Infographic: Africa’s Shifting Trade Ties From France to China
The German consumer data service Statista published an interesting map on Tuesday that visualizes Africa's two-decade-long transition from relying on imports from France and other European countries (possibly even the U.S.) to China. While the visualization is intriguing, the use of ...
5,600kgs of Ethiopian Coffee Sells Out in Just 5 Seconds on Alibaba’s Livestream
When Ethiopian ambassador to China Teshome Toga agreed to join online influencer Li Jiaqi on a livestream on Alibaba's mega e-shopping platform T-mall to sell Ethiopian coffee, he no doubt imagined that he would have to do a bit of promotion to help jumpstart sales. ...
Uganda Hosts Trade and Investment Forum in Beijing
The Ugandan embassy in Beijing and the Chinese Ministry of Foreign Affairs convened a hybrid on and offline conference on Friday to discuss how to boost Chinese trade and investment in the East African country. High on the agenda were the ...
How China’s Economic and Security Interests Converge in Africa
China-Africa trade smashed a new record in 2021 and surpassed $250 billion. This was a dramatic increase over the $187 billion that the two sides the previous year. But those enhanced trade ties come as ...