The region is growing, but fiscal fragmentation is keeping businesses from trading freely across borders NEWS ANALYSIS | AHMED FARAH | East Africa’s growth story remains one of the most encouraging on the continent. The IMF projects the East African Community (EAC) to grow by 5.6% in 2026, above …
Read More »China provides new development opportunities for Africa with zero-tariff policy
BEIJING | Xinhua | China, with its newly announced zero-tariff policy for African countries and its supersized market, will provide Africa with new development opportunities and help African countries navigate the current global economic turbulence, according to Chinese authorities. The Ministry of Commerce said in a statement on Wednesday that …
Read More »Africa urged to boost output under China’s zero-tariff policy
LUSAKA, Zambia | Xinhua | African countries should scale up production to fully benefit from China’s zero-tariff policy and better access the vast Chinese market, an expert said on Monday. Kelvin Chisanga, a Zambian social economist, said Africa’s abundant raw materials and agricultural potential could translate into stronger exports to China …
Read More »UGANDA: China’s zero-tariff policy to boost Africa’s industrialization
KAMPALA, UGANDA | Xinhua | A senior Ugandan official on Tuesday welcomed China’s decision to fully implement zero-tariff treatment for 53 African countries with diplomatic relations, starting from May 1, saying the move will accelerate industrialization and economic development across the continent. Oryem Henry Okello, Uganda’s minister of state for …
Read More »Beyond aid: China’s zero-tariff strategy and Africa’s development path
Addis Ababa, Ethiopia | Maya Majueran | At the 39th African Union Summit on Saturday, China announced that it will fully implement zero-tariff treatment for 53 African countries having diplomatic relations with China starting from May 1, 2026. It is not only a routine trade policy update but also a signal …
Read More »Africa hails Xi’s AU message for joint pursuit of modernization, Global South solidarity
ADDIS ABABA, ETHIOPIA | Xinhua | Chinese President Xi Jinping’s congratulatory message to the 39th African Union (AU) Summit has resonated strongly across the African continent and the wider international community. In his message, Xi announced that China will fully implement zero-tariff treatment for 53 African countries having diplomatic relations …
Read More »South Africa to offer revised trade proposal to U.S. after tariff hike
JOHANNESBURG, South Africa | Xinhua | South Africa will submit a revised trade proposal to the United States to reduce the newly imposed 30 percent tariff and seek alternative export markets to offset the impact, a government official said Tuesday. Speaking at a media briefing in Pretoria, South Africa’s administrative …
Read More »Toyota cuts fiscal 2025 net profit forecast due to U.S. tariff
TOKYO, JAPAN | Xinhua | Toyota Motor Corp. on Thursday revised its net profit forecast for the current fiscal year ending March 2026 downwards to 2.66 trillion yen (about 18 billion U.S. dollars) due to higher U.S. auto tariffs. The full-year net profit estimate marked a 44.2 percent drop from …
Read More »FULL TEXT: China, U.S. announce measures to ease tariff tensions
GENEVA, SWITZERLAND | Xinhua | China and the United States announced here Monday a series of tariff modification measures aimed at easing trade tensions between the world’s two largest economies. The decision followed a two-day China-U.S. high-level meeting on economic and trade affairs, where both sides recognized the importance of …
Read More »Trump to impose 100 pct tariff on all movies ‘produced in foreign lands’
LOS ANGELES | Xinhua | U.S. President Donald Trump said on Sunday that he is authorizing to immediately begin the process of instituting a 100 percent tariff on all movies “produced in Foreign Lands.” In a post on his Truth Social platform, Trump wrote, “The Movie Industry in America …
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