The United Kingdom’s (UK) Department for International Trade says new trade agreements will come into force in January for the UK with 14 African partners with the prospect of more countries to follow. This is according to a statement issued by the department’s Nigerian office on Saturday. It added that
Business
Beyond digital gold: unlocking the true value of bitcoin
Digital gold has gone mainstream. JP Morgan, BlackRock and the biggest names in global finance are now echoing the cypherpunks and suggesting that Bitcoin could replace the yellow metal as a safe haven in investment portfolios. But while Bitcoin does share characteristics with gold, a big reason why the digital
UN and EIF launch interactive guide on cross border paperless trade
Cross-border paperless trade has great potential to not only grow trade competitiveness but also to address new challenges associated with e-commerce and the digital economy. The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), in collaboration with the United Nations Commission on International Trade Law (UNCITRAL)
China-Africa trade falls 10 per cent on pandemic, commodities slump
Chinese customs data shows exports to the continent edged up 0.6 per cent in first 11 months, but imports from Africa plunged 23 per cent Analysts say it was driven down by China’s reduced buying of raw materials and lower prices of key commodities such as oil and copper Trade
COVID-19 drives large international trade declines in 2020
Services sector remains hardest hit by the coronavirus pandemic, dropping to levels last seen in the 1990s, nowcasts from UNCTAD’s 2020 Handbook of Statistics show. According to UNCTAD’s latest nowcasts (run on 8.12.2020), the value of global merchandise trade is predicted to fall by 5.6% in 2020 compared with last
ICC and Africa investor launch global eTrade partnership to digitise five million SMEs in Africa
The International Chamber of Commerce (ICC) and Africa investor (Ai) are joining forces to launch a digitally empowered eTrade initiative to enable the digitisation of five million micro-, small-, and medium-sized enterprises (SMEs) in Africa. Announced at the second Africa investor Global Trade Organization Leaders’ Summit by ICC Secretary General
Ghana Aviation Signs Agreement To Deploy Freight Drones For Trade Facilitation
The Ghana Aviation Ministry has signed a Memorandum of Understanding (MoU) with the International Freight Drone (IFD) organisation to deploy freight drone technology in the coming years to facilitate the timely movement of goods within the country. IFD is expected to deploy freight drones that are capable of carrying 10-tons
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