Millions from US to aid food security in Africa

United States (US) Secretary of State Rex Tillerson announced a US$533 million aid package to fight famine and food insecurity in Africa. Tillerson also elevated trade and investment, citing the African Growth and Opportunity Act (Agoa) as a key priority area during his recent trip to Africa. Also read: Zambia gears…

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US anger after East African ban on import of used clothes

Efforts by East African economies to ban the import of used clothes to stimulate local textile industries, have provoked a backlash from the United States. The New York Times reports the Office of the United States Trade Representative threatened to expel four of the six East African countries included in…

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Zambia gears up to increase agro exports to US under Agoa

Zambia has engaged consultants to change the country’s dismal agriculture exports to the United States under the Africa Growth Opportunity Act (Agoa). The deal, whose future is uncertain under President Donald Trump, is a United States Trade Act, enacted in May 2000. It has since been renewed to 2025. The…

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African GDP growth has bottomed out

This could be the year of reform and renewed growth in African economies. Dr. Martyn Davies, Deloitte Africa’s managing director for emerging markets and Africa, said that structural reform of economies could be one of the mega trends of the year. “Usually this is impossible without a crisis. The shock…

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