As China Reopens, African Countries Gear Up for Business

After three years of closed borders under its strict “zero-COVID” policy, China reopened its doors to allow international travelers in — and Chinese with cabin fever out — a move with economic implications around the world, including in Africa.On the continent, which counts China as its largest trade partner, African importers who sell cheap Chinese-made goods said they were itching to return to China to stock up while many African…

Experts urge creation of ‘value chain’ for Sudan’s leather industry

Experts at the Nyala Trade and Investment Fair in the South Darfur capital have warned of the government’s neglect of Sudan’s leather industry. They urge the implementation of a value chain*, where goods are manufactured at the place where the leather is produced to ensure global competition. Currently, most Sudanese leather is exported as a raw material, while manufactured leather goods must then be imported.At a symposium on the side…

Experts urge creation of ‘value chain’ for Sudan’s leather industry

Experts at the Nyala Trade and Investment Fair in the South Darfur capital have warned of the government’s neglect of Sudan’s leather industry. They urge the implementation of a value chain*, where goods are manufactured at the place where the leather is produced to ensure global competition. Currently, most Sudanese leather is exported as a raw material, while manufactured leather goods must then be imported.At a symposium on the side…

World food prices hit record high in 2022: UN

PARIS, World food prices fell for a ninth month in a row in December but hit their highest level on record for the full year in 2022, UN data showed.Food prices soared to a monthly record high in March after Russia invaded agricultural powerhouse Ukraine, a major supplier of wheat and cooking oil to the world.But prices have dropped since then, with more relief brought by a deal brokered by…

US Pledging Tens of Billions of Dollars for Africa

The United States plans to commit $55 billion to Africa over the next three years, according to White House officials. The announcement comes as the administration of President Joe Biden hosts a two-day meeting with African leaders.The U.S. three-year funding pledge contains $20 billion for health programs in Africa.Speaking to African leaders Wednesday at a business forum, President Joe Biden said the United States is all in on Africa’s future,…

People ‘desperate and afraid’ as Sudan economy becomes increasingly fragile

Economic analyst Khalid Saad said that low inflation does not necessarily indicate that the economic situation is good, explaining economic indicators will only recover once there is political stability in the country. A resident in Omdurman told Radio Dabanga: “We all are desperate and afraid of the future. I tell you, Sudan is gone.” Economic indicators “should be read in the context of other economic statistics, along with the fact…
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