CBN Reports 62% Drop in Credit for Importation of Goods in Q1 2024
According to the Central Bank of Nigeria (CBN), credit for the importation of goods dropped by 62% in the first quarter of 2024 compared to the same period in 2023.…
Namibia Keeps Borders Open for Washed Potato Imports to Meet Domestic Demand
Namibia has announced that its borders will remain open for the importation of washed potatoes, despite closing its borders to 11 other fresh produce items in June 2023. According to…
Kenya’s Manufacturing Industry Hit Hard by Surge of Cheap Imports
The manufacturing industry in Kenya has been significantly impacted by the surge of cheap imports. The construction sector, in particular, has faced a significant setback due to the influx of…
Naira Volatility Drives Boom in Locally Used Cars in Nigeria
The Nigerian market has witnessed a significant surge in the demand for locally used cars, driven by the volatile state of the naira. The currency’s devaluation, which has weakened by…
China and Japan Express Concerns Over India’s Restrictions on Imported PCs and Notebooks
China and Japan have raised concerns over India’s restrictions on imported PCs and notebooks. The restrictions aim to reduce India’s dependence on China, which supplies the majority of India’s imported…
Kenyans to Pay Levy on Food Crop Exports and Imports from July 1, 2024
Kenyans exporting and importing food crops will start paying a new levy from July 1, 2024. The Agriculture and Food Authority (AFA) announced the timeline for the imposition of the…
Rhode Island Targets Last 30 Owners of Legally Imported Kei Cars, Citing Safety Concerns
Rhode Island is demanding that the last 30 owners of legally imported Kei cars turn in their registrations, citing safety concerns. The state claims that these vehicles, which were never…
KAM Chair Warns Finance Bill 2024 Will Make Imported Goods Cheaper Than Local Manufacturing
The Kenya Association of Manufacturers (KAM) Chairperson, Antony Mwangi, has expressed concerns that the 2024 Finance Bill will make imported goods cheaper than locally manufactured ones. Mwangi argued that the…
Spanish Olive Oil Sector Seeks to Expand Exports to China Amid Growing Demand
The Spanish olive oil sector is actively working to develop exports to China, a market with significant growth potential. Spain’s Olive Oil Interprofessional, which represents the interests of Spanish olive…
India’s Domestic Vegetable Oil Production Forecast to Grow 10-15% in 2024
India’s domestic vegetable oil production is projected to grow at a compound annual growth rate (CAGR) of 10-15% in 2024, according to industry experts. This growth is expected to be…