Tag: exports and imports

As the West surges toward electric cars, here’s where the unwanted gas guzzlers go | CNN

Cotonou, Benin CNN — Standing on the stony ground in the bustling Fifa Park car lot, Rokeeb Yaya is haggling over the price of a dark red car. It is one of a couple hundred vehicles, parked in long lines stretching out across the vast lot – some shiny and new-looking, others dented and dusty.

WTO head wants to ‘double or triple’ Africa’s share of global trade | CNN Business

London CNN — Global trade is expected to slow sharply this year as high energy prices and rising interest rates take their toll on the economy. The World Trade Organization (WTO) projected in October that after growing by 3.5% in 2022, trade volumes will increase by just 1% in 2023. Given uncertainty over the strength

Africa must cut reliance on food imports, says Nigerian billionaire | CNN Business

Abidjan, Ivory Coast CNN — Food prices have been rising around the world, driven first by the Covid pandemic and poor harvests, and made worse by the conflict in Ukraine, which has hit exports of both wheat and fertilizer. Even with a new deal that would allow grain exports from Ukrainian Black Sea ports, the