Climate Threat to Africa’s Food Exports May Empty EU Shelves
Climate change and biodiversity loss are crippling agricultural production in Africa, a key exporter of staples such as cocoa, coffee, and maize, putting Europe’s food supply at risk. According to…
Entrepreneur Explains Nigeria’s Trade Imbalance Despite Agricultural Export Growth
Agripreneur, Ouwasegun Alabi, has pointed out that despite the growth in agricultural commodities export in recent years, Nigeria still suffers significant trade imbalance due to imports of processed food. While
Curbing the global trade imbalance: The role of African nations
The global trade imbalance has long been a defining challenge in international economics. It manifests in persistent trade deficits and surpluses, affecting economic stability, currency values, and national development. Africa,
Africa’s Agricultural Awakening: From Food Importer to Global Breadbasket
Africa imports over 100 million tons of food yearly, spending $75 billion, despite its vast agricultural potential. The Russo-Ukrainian war worsened food and fertilizer shortages. However, AfDB’s TAAT program has
Silver lining spied for Africa’s gold exporters, oil importers
The recent surge in gold prices, surpassing $3,500 an ounce, and the simultaneous decline in oil prices are having varied economic effects on African nations. Oil-exporting countries like Angola and
Kenya’s motor vehicle imports
Kenya’s motor vehicle imports have seen a steady decline over the past five years, according to data from the Kenya National Bureau of Statistics (KNBS). In 2023, the number of
Kenya overtakes Nigeria as Africa’s largest importer of second-hand clothes
Kenya is the largest importer of second-hand clothes in Africa, surpassing Nigeria Kenya imported second-hand clothes and textiles worth Sh38.5 billion in 2023, a 12.45% increase from 2022 Kenya’s increasing
Botswana lifts vegetable import ban, boosting South African trade
Botswana has removed its restriction on fresh vegetable imports from South Africa, addressing challenges in meeting local demand through domestic production alone. The ban, initially implemented in 2022, was lifted