Tag: imports

South Africa records first current account surplus in 17 years

JOHANNESBURG (Reuters) - South Africa recorded its first current account surplus in 17 years in the first quarter of 2020 as the trade balance more than doubled, central bank data...

Nigeria’s central bank stops credit payments for milk imports, what you need to know…

Nigeria’s central bank has told lenders to stop processing milk imports on a credit basis after the bank last month said it would ban access to foreign currency for the imports to spur local production.

Zimbabwe ramps up its electricity imports to ease outages

Zimbabwe will ramp up its electricity imports over the next few weeks, potentially easing rolling power cuts.

[EXPLAINER] This is the impact of tariff wars on Africa

What is a tariff? An economist explains Amitrajeet A. Batabyal, Rochester Institute of Technology The world is lurching ever closer to a full-blown trade war as the U.S., Europe, Canada, China and Mexico talk...

First pre-cast concrete factory launched in Rwanda

First pre-cast concrete factory launched in Rwanda

Saudi Arabia bans imports of Egyptian strawberries

Saudi Arabia is banning imports of Egyptian strawberries due to pesticide residues.

IMF says bond note cannot solve Zimbabwe’s economic problems

Zimbabwe's "bond note" surrogate currency will not solve its economic problems, the International Monetary Fund said, adding that only comprehensive reforms would address a fiscal crisis.

Bad weather slows fuel cargo docking in Angola

Bad weather off the coast of Angola has prevented the berthing of fuel vessels docking at Cabinda and Benguela ports, causing shortages at filling stations and power blackouts, state-energy company Sonangol said. Sonangol...