Tag: exports and imports

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