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Egypt is launching trade missions to Central and West Africa. First missions will begin in July and head to Cameroon and Senegal. Egypt’s aim is to explore trade and investment opportunities available in these markets while strengthening cooperation with business communities across the continent.
Bilateral ties between the two countries hit $2.9 billion last year with hopes of improved trade with the African Continental Free Trade Area (AfCFTA). Nigeria accounts for 64 per cent of South Africa’s trade in West Africa and is one of South Africa’s top three sources of crude oil.
Djibouti’s goal of emulating Singapore as a leading maritime trading hub is closer than ever as their main port is named the most efficient in Africa measured by minutes per container move.
Jamaican Prime Minister, Andrew Holness, has announced his plans to strengthen relations with Africa. Jamaica is currently on its way to positioning itself as a focal point for investment arrangements between Africa, the Caribbean and the Americas.
The Kenya Private Sector Alliance (KEPSA) has joined forces with the Canada-Africa Chamber of Business (CACB) to boost trade between the two countries. A two-year renewable memo of understanding was signed allowing KEPSA members access to Canada’s investment market.
Following the death of Chad’s president, Idriss Deby, the border between Chad and Cameroon has been tightened sharply due to threats from armed groups. At least 700 trucks bound for Chad’s capital have had to delay crossing as movement between the two countries has been halted for around a week. Chad relies on Cameroon for 80 percent of its imports. Only goods essential to humanitarian services and healthcare have been allowed to cross the border.
The Tanzanian High Commissioner to Nigeria, Benson Bana, has pledged his government’s commitment to boost the volume of trade with Nigeria to promote intra-Africa trade. He also aims to increase tourism between the two countries as well as secure a trade mission for Nigeria to Tanzania. This move comes as China is becoming more involved with African affairs. Bana stated that one goal of this relationship is to promote intra-African trading and to inform African foreign policies and economic diplomacy.
Ottawa, Ontario: Africa Trade Desk today announced the eJobsAfrica platform, a new way to access digital Virtual Assistant (VA) services. The eJobsAfrica platform, offers a bridge between business owners, coaches, consultants, and side hustlers that need help with Virtual Assistant (VA) services and the talented youth of Africa yearning to make a difference with their skills.