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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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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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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

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern" z_index="" padding_top="100"][vc_column][vc_column_text]LONDON, March 23 (Reuters) - Kenya expects to finish talks for a trade and investment deal with the United States by the end of this year and to sign the agreement by April 2024, Trade Minister Moses Kuria said. Kenya is one of the United States' top trading partners in Africa and has been a major beneficiary of the Africa Growth and Opportunity Act (AGOA), a preferential trade programme that will expire in 2025.

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South Africa is exporting more food. But it needs to find new growth frontiers

  March 03, 2023

South African agricultural exports were up for the third consecutive year in 2022, reflecting favourable production conditions and higher commodity prices. The export numbers for the full year have not yet been published. I have calculated the annual data for 2022 using quarterly trade export statistics published by Trade Map, a trade statistics portal developed by the International Trade Centre, the United Nations Conference on Trade and Development and the World Trade Organisation.

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