Vietnam’s Seafood Exports Reach $5.3 Billion in First Half of 2024, Aiming for $10 Billion Annual Target
Vietnam’s seafood exports reached $5.3 billion in the first seven months of 2024, up 6% year-on-year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Key export products…
Thailand Revises 2024 Rice Export Target to 8.2 Million Tonnes Amid Competition from India and Vietnam
The Thai Rice Exporters Association has revised its rice export target for 2024 down to 8.2 million tonnes, reflecting the challenges posed by increased competition from India and Vietnam. This…
Tanzania Signs $77 Million Deal with Chinese Firm for Maganga Matitu Iron Ore Project
Tanzania is poised to benefit significantly from a $77.4 million iron ore deal signed between the state-owned National Development Corporation (NDC) and China’s Fujian Hexingwang Industrial Co. Ltd. This agreement,…
Pakistan’s Mobile Production Surges to 17.34 Million Units in First Half of 2024
In the first half of 2024, local mobile production in Pakistan reached 17.34 million units, marking a three-fold increase compared to the same period last year. This surge in manufacturing…
Zambia Approves Zero-Rating of Generator and Solar Equipment Imports to Boost Renewable Energy
The Zambian Cabinet has approved a measure to zero-rate the importation of generators and solar equipment, eliminating the VAT on these products. This decision aims to promote the development and…
Kenyan Paper Importer and Foreign Manufacturer Form Joint Venture to Boost Local Production
The Competition Authority of Kenya (CAK) has approved a joint venture between Amstel Trading Company Ltd., a Kenyan paper importer, and Kingsbourne Assets Limited, a foreign manufacturer. This partnership aims…
Vietnam and Thailand Compete for Dominance in Philippine Rice Market
Vietnam and Thailand are competing for a larger share of the Philippine rice market as the country increases its imports. With Vietnam currently holding a dominant position, accounting for over…
Discover Nigeria’s Top 10 Export Products in 2023: A Comprehensive Overview
Nigeria’s top exports in 2023 were heavily concentrated in mineral fuels and oil, accounting for over 91% of total exports valued at $55.6 billion. Other major exports included fertilizers ($994.7…
Food Imports Consume 17% of Nigeria’s Dollar Spending in Q1 2024
In the first quarter of 2024, food imports accounted for 17% of Nigeria’s total dollar spending on imports, reaching a five-year high. The National Bureau of Statistics reported that the…
Russia’s MMK Invests 14 Billion Rubles in New Foundry and Forging Workshop to Cut Imports
Russia’s Magnitogorsk Iron & Steel Works (MMK) plans to invest 14 billion rubles to construct a new foundry and forging workshop to reduce its reliance on imported forged rolls for…