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June 2017
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Thursday, 29 June 2017

"This year, the citrus harvest started season in April. The season is estimated to last until October. According to relevant data, South African citrus imports had a total value of 80 million USD in 2016, and seized a top position among citrus fruits on the Chinese import market. In comparison to 2015, imports have grown by nearly 24%. Forecasts show that there will be a larger amount of exports of South African citrus products, and also that the price will be somewhat higher this year."Being an international fruit trading company, Berda Fruit has almost more than 20 years of operational experience in importing fresh fruits from South Africa.

Thursday, 29 June 2017

China stands ready to further cooperate with Mali in its agricultural and industrial development, with a view to helping the West African nation establish an industrial system, visiting Chinese Foreign Minister Wang Yi said here Sunday. Meanwhile, China will also help Mali to nurture capacities in the three major areas of infrastructure construction, human resources, and peace and security. These efforts are aimed at allowing the country to strengthen its capability for independent development and realize economic independence after it had achieved political independence, Wang said during talks with his Malian counterpart Abdoulaye Diop.

Thursday, 22 June 2017

Exporters in Togo have sold a quarter-million dollars' worth of soybeans to new customers in Vietnam and the Netherlands, after International Trade Centre advisory services helped them improve their trade-related corporate procedures and strike deals with buyers. Agriculture is critically important for incomes and food security in the West African country, where 41% of the population works in the sector. Diversification into soybean production helps to provide the country with a measure of insurance against yield and price volatility for traditional crops like cotton, cacao and coffee.

Tuesday, 20 June 2017

Cabo Verde (Cape Verde) is in a good position to attract investments by business people from China and Portuguese-speaking countries, through the meeting of Economic and Trade Cooperation that begins today in Praia, said the president of national investment agency Cabo Verde TradInvest, Ana Bárber. The event, called the Entrepreneurs’ Meeting for Economic and Trade Cooperation between China and the Portuguese Speaking Countries (CPLP), will take place until Sunday at the Cabo Verde International Fair (FIC) in Praia, and is expected to be attended by 400 business people, 160 of them from China and Macau. Bárber also noted that TradInvest will present some private projects looking for synergies and “concrete partnerships” between Chinese and Cape Verdean companies.

China is “available to support sustainable development” in São Tomé and Príncipe through cooperation in the areas of “infrastructure, tourism and agriculture,” said the new Chinese ambassador, Wang Wei, who on Thursday began his diplomatic mission in the São Tomé capital. At the end of the accreditation ceremony chaired by the President of the Republic, Wang Wei stressed that “the Chinese government is willing to contribute to the transformation of São Tomé and Príncipe. The representative of Beijing, referring to financial support of US$146 million that China will grant to the African country, said that “this will certainly be in two parts, one part in technical assistance, the other part in investment.”

Monday, 19 June 2017

SADC has approved to give R20 million each to Madagascar and Seychelles to help the two island nations improve their participation in regional and international trade. The grants were approved by the SADC trade related facility (TRF) programme steering committee, during its seventh meeting held in Gaborone last month. The facility is a mechanism for financial and technical support given to SADC member states to help them implement commitments made under the regional Protocol on Trade and Economic Partnership Agreement (EPA) between the European Union and the SADC EPA group.

Wednesday, 14 June 2017

While there is acute interest in South African navels, particularly from the Far East, some exporters warn against pushing prices to artificial levels that cannot be maintained. In areas unaffected by navel splitting, like Mpumalanga and Limpopo, exporters tell FreshPlaza that their phones have been ringing off the hook for the past couple of weeks, as importers from the Far East look for alternatives to Eastern Cape navels. Exporters from the Western Cape, where navel damage is estimated at around 17 to 20% of the crop, similarly report that the Far East “is screaming for navels

Tuesday, 13 June 2017

AFRICAN, Caribbean and Pacific countries (ACP) have defended their trade with China dismissing claims that the Asian country wants to exploit the continent of its resources. The ACP was responding to criticisms by representatives of the European Union at the 45th Session of the African Caribbean and Pacific Parliamentary Assembly (ACP) and Inter-sessional meetings of the ACP — EU Joint Parliamentary Assembly held in Brussels in Belgium in March. According to a report on the meetings presented in Parliament last week by Masvingo Central legislator Dr Daniel Shumba, the ACP countries maintained that trade with the Asian economic giant was more sustainable contrary to the EU aid which involves cumbersome drawdown procedures.

Monday, 12 June 2017

In his bullish drive for investment, Governor Ben Ayade of Cross River State, Monday, signed a partnership agreement with his counterpart in Shaanxi Province in China, Hu Heping, to bolster the injection of capital for business in the state. The agreement will allow Chinese businessmen pump the much desired capital into the Calabar Carnival, Power, and Solid Minerals sectors of the state. Ayade said after the signing of the agreement that "It is the enormous opportunities that this fund avails Africa that Cross River State wants to tap into. We have the assurances of the Governor and the people of Shaanxi that the favourable business climate in Cross River State will be utilised by Shaanxi." The China-Africa Development Fund, CAD Fund, in May 2016, signed a cooperation agreement with the Shaanxi Government in the capital Xi'an, the first of its kind with a provincial-level partner that aims to boost more investment in the African market.

Thursday, 08 June 2017

Israeli Prime Minister Benjamin Netanyahu has announced the creation of two trading hubs in West and East Africa to increase trade between his country and the continent. They form part of the partnerships he offered at the 51st ECOWAS Summit of Heads of State in Liberia’s capital Monrovia on Sunday. “I believe in strengthening our relations which is one of our top priorities, national and international priorities of the state of Israel … Israel is opening two new trade missions – one in West Africa, one in East Africa – to significantly increase trade between our countries,” he told the West African leaders.

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