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.

 

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.

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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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Burundi: African Development Bank approves trade finance transaction guarantee facility to Banque Commerciale Du Burundi (Bancobu)

 
PRESS RELEASE: The Board of Directors of the African Development Bank Group has approved a trade finance transaction guarantee facility to Banque Commerciale Du Burundi (Bancobu).

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WTO: a slowdown in world trade growth in 2023

  April 6, 2023

World trade growth is expected to slow this year, dampened by the war in Ukraine, inflation, tighter monetary policies, and financial uncertainty, according to WTO projections released on Wednesday. The outlook for the global economy has improved slightly since the World Trade Organization's most recent trade forecast was released in October, but the pace of trade expansion in 2023 is expected to be "weak".

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US Vice President Kamala Harris visits Africa

  March 25, 2023
US Vice President, Kamala Harris, starts this Saturday a week-long trip to Africa in what is being seen as the latest attempt at counterbalancing China's influence. Vice President Harris is expected to visit Ghana, Tanzania and Zambia as she focuses on economic development, climate change, food security and a rising youth population
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