African Business News

Ghana seeks to increase export volume under AGOA

Ghanaian president Nana Addo Dankwa Akufo-Addo on Monday said his government was strategizing to increase export volumes under the Africa Growth and Opportunity Act (AGOA) from 29 million U.S. dollars in 2016 to 500 million dollars by 2020.

He said the government was working to institute measures to ensure the country took full advantage of the US market through the AGOA initiative.

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AMI online service gives South Africa new import

AMI – the world’s largest trade-only airfreight and express wholesaler – is set to revolutionise express imports to South Africa, with the launch of an all-inclusive online service.

Called click2ship Express Imports, the new service is the imports counterpart of click2ship Express Exports, launched in South Africa in 2014.

Click2ship Express Imports provides online quotes and bookings for imports from any location in the world. Prices include collection at origin, Customs export entries, freight, Customs clearance on arrival, and local delivery from airport to agent or consignee.

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Why foreign aid should be used to diversify local exports sector

Aid for Trade (AfT) is one of programmes guiding foreign aid for developing countries. AfT programme has helped in the establishment of supply-side and trade-related infrastructure in developing countries to enhance their trade performance. Since 2010, this funding has helped in developing export infrastructure in some African countries, including Egypt, Ethiopia, Kenya, Morocco and Tanzania with around 35 per cent of total AfT disbursements.

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East Africa: Regional Tea Exports Increase

Latest records from Mombasa auction show that tea registered a 6.2 per cent rise in exports posted to the global market.

According to the East African Tea Export Auctions, latest trading on the July 24 and 25, shows that six of the 10 regional players exported 7.4 million kilogramme bags, up from 6.9 million kilogrammes exported around the same time last year.

The report further shows that production increased from 7.5 million kilogramme bags exported last year to 8.2 million kilogramme bags offered in the same period this year.

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