International Maritime Organization (IMO) has joined States of the African Alliance for Electronic Commerce (AACE) to support work on ‘The Role of Single Windows and Digitalization in Boosting African Trade. The members of AAEC are: Burkina Faso, Cameroon, Djibouti, Cote d’Ivoire, Gabon, Mauritius, Kenya, Libya, Morocco, Madagascar, Mali, Mozambique, Nigeria, Republic of Congo, Senegal and the WAEMU…
L-R: Wale Edun, Aliko Dangote; Adaora Umeoji; Bertrand Dumont, and Jim Ovia. Zenith Bank Plc has opened Zenith Bank, Paris, a Third-Country Branch (TCB) of Zenith Bank (UK) Limited, a subsidiary of Zenith Bank Plc. In her welcome address, the Group Managing Director/Chief Executive of Zenith Bank, Dame (Dr.) Adaora Umeoji, said that Zenith Bank,…
The Minster of Industry, Trade and Investment Dr Jumoke Oduwole, has applauded the top 100 exporters in Nigeria who had contributed to the growth of the economy. Oduwole made the commendation on the occasion of the Ministerial Export Consultation held this week, in Lagos. Oduwole emphasized the importance of exports in driving economic growth, creating jobs…
The General Council of the World Trade Organization (WTO) has agreed by consensus to reappoint Dr. Ngozi Okonjo-Iweala as Director-General for a second four-year term, set to begin on 1 September 2025. Dr. Ngozi Okonjo-Iweala first assumed office as Director-General on 1 March 2021., her first term concludes on 31 August 2025. In a statement…
The ECOWAS Commission has launched its ECOWAS Electronic Certificate of Origin (E-CO) to facilitate cross – border movement of goods within the sub- region. The event brought together representatives of the African Continental Free Trade Area Secretariat, African Development Bank, GIZ, World Customs Organisation, UEMOA Commission, Regional Economic Communities, TradeMark Africa, ECOWAS member states and members of…
BUA Industries Limited has secured US$200 million Corporate Finance Facility from the African Export-Import Bank (Afreximbank) to boost its expansion plans. In a statement, Afreximbank said that the first tranche of $150 million was disbursed on October 16, 2024 and the balance of $50 million disbursed yesterday, 11, November, 2024. Mrs. Kanayo Awani, Executive Vice…
The General Council of the World Trade Organization (WTO) said today – 9 November- that nominations for the position of Director-General closed yesterday, 8 November and that the incumbent Director-General, Ngozi Okonjo-Iweala, is therefore the only candidate for the role. Ambassador Petter Ølberg of Norway, Chair of the General Council, informed the member countries via…
▪︎Shutterstock/asharkyu | Yantian International Container Terminal, Shenzhen, China. UN Trade and Development (UNCTAD) says over 80 percent of world trade volume is carried by sea. UNCTAD discloses this in its latest Review of Maritime Transport 2024: Navigating Maritime Chokepoints. In the publication, UNCTAD reports that the global maritime trade grew by 2.4% in 2023, recovering from…
▪︎Coca-Cola image/ The Coca-Cola Company U.S. Secretary of Commerce, Gina Raimondo says that since the beginning of the Biden-Harris Administration, the manufacturing sector has been on growing steadily. “The U.S. manufacturing sector contributes $2.65 trillion to the U.S. economy, employs nearly 13 million American workers, and accounts for 10.3 per cent of the nation’s GDP,” said Raimondo….
The Botswana High Commissioner to Nigeria, Miss Philda Nani Kereng, is pushing for increase bilateral trades between the two countries.She commended the Nigerian governments for doing so much for the Micro, Small and Medium Enterprises (MSMEs). Kereng, who spoke on Monday in Abuja on the occasion of her country’s 58 Independence anniversary, said: ” Currently, the trade…
