TANZANIA, one of the developing countries in the world, is faring well in terms of attracting investments from all corners of the world. Data from the Tanzania Investment Centre (TIC) shows foreign investments have been on upward trend, indicating that investors are satisfied with the investment environment.

 

On September 9, the AU was made a permanent member of the Group of 20 (G20). SA is an original member of the group, though its influence has not been effective in achieving the country’s and the continent’s objectives. Africa’s membership will enable SA to bundle its objectives with the rest of the continent. In this way, the urgency of African challenges will be appreciated and addressed.

 

Today, the United States Government, through the U.S. Agency for International Development-funded West Africa Trade & Investment Hub (“Trade Hub”) hosted a workshop on “Leveraging Private Sector Engagement to Promote Sustainable Impact”.  The two-day event highlights the Trade Hub’s efforts to expand trade and investment opportunities and improve livelihoods and communities in West Africa.

 

International Trade is the bedrock of human progress, and a country cannot lead or stay with the tide of progress if it closes its doors to its neighbors. This unfortunately has been the case with countries within the African continent, which have traditionally imposed more restrictive trade measures on other African countries, preferring to trade with non-African countries.

There was more good news for the successful implementation of the African Continental Free Trade Area (AfCFTA) agreement in December 2022, when a Memorandum of Understanding (MoU) was signed between the United States (US) Trade Representative and the AfCFTA Secretariat at the US-Africa Leaders’ Summit (Summit) in Washington DC. The MoU covers expanded engagement between the two regions and intends to “promote equitable, sustainable, and inclusive trade; boost competitiveness; and attract investment to the continent.”

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Any country that closes its doors to social, economic, and other forms of interaction with others thrives on self-deceit; its citizens and economy would be limited because no country can exist and excel in isolation.

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South Africa: Increased quota for United States frozen bone-in chicken

 
The annual quota for frozen bone-in cuts of the species Gallus Domesticus originating in, or imported from, the United States (US) has been increased from 71,290 tonnes to 71,632 tonnes, with retrospective effect from 1 April 2022.
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