Trade

Morocco Jan-Oct trade deficit rises 15.8 pct year/year

Posted on by The Editorial Team

RABAT (Capital Markets in Africa) – Morocco’s trade deficit rose 15.8 percent to 149.17 billion Moroccan dirhams ($14.87 billion) in the first 10 months of 2016 compared with the same period a year ago, due to higher imports, the foreign exchange regulator said on Monday. Equipment imports rose 23.8 percent to 95.30 billion dirhams, while auto imports were 35.5 percent higher at 11.98 billion dirhams, the data showed. Wheat imports also jumped as bad weather hurt…

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Trade | Ivory Coast Will Ratify Interim Trade Deal With EU This Month

Posted on by The Editorial Team
Trade | Ivory Coast Will Ratify Interim Trade Deal With EU This Month

Abidjan, Ivory Coast, Capital Markets in Africa: Ivory Coast plans to ratify an interim economic trade pact with the European Union by the end of the month even though a regional deal, approved in 2014, has yet to be signed by all the countries of the West African economic bloc, a minister said. An Ivorian parliamentary foreign affairs committee unanimously voted on Wednesday to allow President Alassane Ouattara to ratify the agreement, which will reduce trade barriers…

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Trade | EU Seals Trade Pact With African Nations After 12 Years of Talks

Posted on by The Editorial Team
Trade | EU Seals Trade Pact With African Nations After 12 Years of Talks

LAGOS, Nigeria, Capital Markets in Africa: The European Union and six southern African nations will sign off on a trade accord Friday after 12 years of negotiations that were stalled mainly by differences over market access for agricultural products. The so-called Economic Partnership Agreements gives products from Botswana, Lesotho, Mozambique, Namibia, and Swaziland duty- and quota-free access to the EU. South Africa, which has the region’s most-developed economy, will enjoy enhanced market access that goes beyond…

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Intra-African trade can catalyze investment and foster growth

Posted on by The Editorial Team
Intra-African trade can catalyze investment and foster growth

CAPE TOWN, South Africa, Capital Markets in Africa: As growth in developed markets such as Europe, China and North Africa continue to stagnate, greater regional integration in Africa, amongst all role players, is needed to capitalize on the continent’s growth potential. This is according to Hennie Heymans, CEO of DHL Express Sub-Saharan Africa, who says that when comparing intra-regional trade statistics, Africa’s rates are amongst the lowest in the world, with less than 20% of…

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