Tag: trade
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South African Agriculture Struggles Amid COVID-19 Trade Disruptions
John Purchase, CEO of the South African agriculture chamber of commerce, Agbiz, spoke with CNBC on Monday about the impact that worsening trade disruptions are having on the local agricultural sector. Purchase said farmers are already starting to experience financial losses, particularly since products like the grapes ...
With Inventories Running Low, Businesses Across Africa Worry About What’s Next
The near-halt in aviation and shipping links between China and Africa is causing severe disruptions in the supply chain that stocks the inventories of countless businesses across the continent. Merchants of all sizes and in all sectors are now scrambling to find other suppliers to replace the ...
COVID-19 Expected to Cause Widespread Economic Disruption in Africa
Editor's Note: although Africa, so far, has been spared from the health consequences of the COVID-19 outbreak in China, the economic impact is already being felt across the continent and is expected to have severe repercussions in most countries through reduced export earnings, higher borrowing costs, and ...
Prices for African Exports to China Fall Precipitously, While the Cost of Chinese Imports Surges
The dramatic economic slowdown underway now in China due to the COVID-19 outbreak is acutely felt now across Africa's economies in ways both large and small. Given the close economic ties between China and the overwhelming majority of African countries, the scale of the impact is expected ...
Africa Not Prepared to Deal With the Consequences of Economic Disruption in China
The Chinese economy is undergoing unprecedented economic disruption due to the ongoing COVID-19 crisis and African countries are largely unprepared for the impact that it's going to have on their economies. The prices of most major commodities oil, timber, copper that ...
View From Beijing: How the COVID-19 Crisis is Impacting China-Africa Trade
So far, Africa has been spared from an outbreak of the deadly COVID-19 that has killed more than a thousand people in China and infected tens of thousands across the country. But now, more and more, the impact from a contagion ...
Effects of Chinese Economic Slowdown Now Starting to Hit African Countries in Ways Both Large and Small
Commodity exporting countries in Asia and Africa are facing potentially serious economic consequences due to the sharp drop in Chinese industrial production and the subsequent reduction in commodity purchases, warned Moody's Investors Services.
Everything’s Still OK For Now Warns South African Economist… Coronavirus-Induced Economic Pain is Coming
The more that the free movement of people and goods between South Africa and China shuts down due to the coronavirus outbreak, the great the threat to the South African economy, warned Nedbank economist Walter de Wet on Monday. A lot ...
New Study: African Countries Among Most at Risk to Economic Consequences of Coronavirus Outbreak
A new study published today by the London-based think tank Overseas Development Institute explores the economic impact of the burgeoning coronavirus outbreak in China on those countries around the world with the highest levels of exposure to the Chinese economy. Not surprisingly, many of ...
Economic Shockwaves from the Coronavirus Crisis in China Are Now “Battering” Africa: Investment Firm
Even though Africa has so far been spared an outbreak of Novel Coronavirus, economies across the continent are beginning to grapple with the costly implications for what this viral contagion is doing to their largest trading partner and overall demand for the raw materials that most African ...
Could the Coronavirus Lead to a Change of Africa-China Trade Patterns?
With the recent Coronavirus, 2019-nCoV outbreak thrusting China into the limelight, the world is gripped by health concerns. However, the impact of the virus on trade, including with African countries, could also have long-term implications, for better or worse. ...
Selling Ugandan Coffee in China: What Really Works?
Timothy Mukisa, Director of Nile Café in Shanghai explains what it takes to successfully penetrate the booming Chinese coffee market. He recently sat down with the Daily Monitor newspaper in Kampala to insights on his success in such a competitive sector. ...