News from World

tag: africa

08 March 2023

A livestock crisis is approaching due to drought

Cattle are dying in droves in Somalia, which is experiencing one of the worst droughts in the country's recent history. Drought has become a major problem also for Argentine ranchers. About 26 million cattle are at risk of dying from lack of water and feed. From Africa to South America, the phenomenon of drought, which began in 2020, shows consequences in sectors that affect everything from trade to the economy, the environment, wildlife and finally industry that relies on agricultural resources and livestock.

03 March 2023

The development of the Egyptian leather and leather products industry

Egyptian exports of leather products to the African market increased by about 64% in 2022, to $5 million from $3 million the previous year. One report states that leather tanning accounted for 90% of Egypt's exports of leather products, with a 12% increase in 2022, amounting to $90 million. However, there are 17,600 shoe factories employing more than 230,000 people producing about 100 million pairs of shoes per year along with other leather goods. [Opportunities in leather - Egypt - Al-Ahram Weekly]

20 February 2023

China’s investments in African infrastructure projects fell by 54% last year

Under the sweeping Belt and Road Initiative, China has broadened economic and political influence across Africa. But Chinese lenders and development banks have grown cautious as economic growth slows and borrowing costs rise. That brought funding for Africa projects down to $7.5 billion last year from $16.5 billion in 2021. Whether investment returns to previous levels will largely depend on China’s economic recovery from its zero-COVID policy, the South China Morning Post reported. The country’s most ambitious years of development finance may be behind it.

16 February 2023

Africa-China Trade

China’s trade with African countries grew by 11.1% to $282 billion last year boosted by a rise in commodity prices and increased importation from the continent, according to data released by the General Administration of Customs of China. [China-Africa trade soars on spike in commodity prices - asia.nikkei.com]

16 February 2023

African exports of intermediate goods to Latin America doubled in Q2 2022

Trade in intermediate goods — inputs used to make products — increased between Africa and other regions in the second quarter of last year, according to the World Trade Organization. [Exports of intermediate goods post sustained growth in ... - wto.org]

14 February 2023

Copper from Democratic Republic of the Congo exported to China

Beijing's ambitions on Africa's natural resources tend to grow significantly. The increasingly close collaboration between the BRICS countries, of which China and South Africa are part, facilitates the projection of Chinese state-owned companies in Africa. [In Depth: The Congo Mine That Could Feed China's Vast ... - caixinglobal.com]

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