Africa Trade News in Whole World

SA Reserve Bank must pursue flexible policy, ANC says

South Africa’s ruling African National Congress said the reserve bank must consider the impact of monetary policy on economic growth when it targets inflation, re-emphasizing the flexible mandate the government gave the central bank almost a decade ago. “The ANC believes that the South African Reserve Bank must pursue a… Read more »

Djibouti hosts Second Regional Dialogue on WTO Accessions for the Greater Horn of Africa

The Regional Dialogue takes place at a time of positive developments on the African continent and within the Horn of Africa region specifically. The continent made history with the official signing of the African Continental Free Trade Area (AfCFTA) at the 10th Extraordinary Summit of the African Union Assembly of… Read more »

South Africa’s Parliament approves agreement to establish AfCFTA

Trade and Industry Minister Dr Rob Davies has welcomed Parliament’s ratification of the agreement that establishes the African Continental Free Trade Area (AfCFTA). The AfCFTA was launched during an extraordinary summit of African Union (AU) Heads of State and government, in Kigali, Rwanda, on March 21. South Africa signed the… Read more »

Transnet praised for rapidly restoring stricken Saldanha iron-ore line

JOHANNESBURG (miningweekly.com) – State rail transport enterprise Transnet has earned praise by pulling out all the stops to rapidly restore a railway bridge on South Africa’s crucial Sishen–Saldanha iron-ore line. The line came to a halt on November 28 after a truck carrying heavy equipment at excessive height on a… Read more »

Africa trade facilitation challenges need to be addressed, says Unctad

The United Nations Conference on Trade and Development (Unctad) warns that market access gains made by Africa in the past two decades can be eroded unless the challenges of trade facilitation are addressed. Better transport, logistics and foreign investment are essential to smooth the way for the African continent to… Read more »