Africa moves towards one big market as AU inaugurates AfCFTA permanent secretariat

By Omobayo Azeez The ambition of African countries to make the continent one big market has just received another boost following the inauguration of the permanent secretariat for the African Continental Free Trade Area (AfCFTA) on Monday. At a ceremony to commission the permanent secretariat Ghana’s President Nana Akufo-Addo and Moussa Faki Mahamat, chairperson of […]

Nigeria accounts for 20% of India’s trade in Africa, says envoy

Abhay Thakur, the high commissioner of India to Nigeria, has said that Nigeria alone accounted for 20 percent of India’s trade in Africa for the year ended 2018. He made this known on Thursday at the flag hoisting ceremony on the auspicious occasion of the 72nd anniversary of India’s independence at the high commission in […]

US-China trade talks will focus on yuan weakness, experts say

U.S.-China trade talks

The Chinese yuan’s weakness will be a focal point during the U.S.-China trade talks in late August, as both countries grapple with the fallout from recent fluctuations in the currency markets, analysts said. The mid-level talks will likely be about “how exactly are they going to deal with the RMB (renminbi),” said Robin Brooks, chief […]

China slaps 25% tariffs on $16 billion worth of US goods

China, US-China trade relations, U.S. Goods

The Chinese ministry of commerce Wednesday announced a 25 percent charge on $16 billion worth of U.S. goods. The 333 goods being targeted by China include vehicles such as large passenger cars and motorcycles. Various fuels are on the list, as well as fiber optical cables. According to CNBC report monitored by business a.m., China […]