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Tag Archives: trade

Shoprite eye Kenya’s retail market

Kampala, Uganda | THE INDEPENDENT | South Africa’s retail chain, Shoprite Holdings, plans to take advantage of disarray in Kenya’s grocery sector to open its first stores in the major East African market this year. Two of Kenya’s three top retailers – Uchumi Supermarkets and former regional giant, Nakumatt – …

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Qatar Airways cuts prices to woo customers

Kampala, Uganda | THE INDEPENDENT | Middle East carrier, Qatar Airways, is slashing prices by up to a quarter to customers, increasing competition in the aviation industry. The airline announced that it will offer passengers discounts of up to 25 % on all cabin classes. Passengers travelling with friends and …

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Macron warns Trump all sides would lose in ‘trade war’

Paris, France | AFP | French President Emmanuel Macron on Friday warned his US counterpart Donald Trump against forging ahead with planned tariffs on European steel and aluminium, saying it risked starting a mutually destructive “trade war”. In a telephone call with Trump, the French leader expressed his “deep concerns”, …

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World Bank hopes Trump ‘careful’ on tariffs

Brussels, Belgium | AFP | The chief executive of the World Bank urged US President Donald Trump on Thursday to be “careful” before imposing steel and aluminium tariffs and weigh up possible effects on global trade. Kristalina Georgieva said Trump should assess the “implications” before going ahead with a plan …

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Without US, 11 Asia-Pacific states to sign trade deal

Santiago, Chile | AFP | Eleven Asia-Pacific nations on Thursday are to sign a slimmed-down trade pact to lower tariffs just as US President Donald Trump seeks to raise them after withdrawing from the deal last year. The Trans-Pacific Partnership, which would have represented 40 percent of the global economy …

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IMF chief warns trade war will harm global growth

Paris, France | AFP | The head of the International Monetary Fund warned Wednesday that a trade war US President Donald Trump apparently intends to provoke with tariffs on steel and aluminium would snuff out global growth. “If international trade is called into question by these types of measures, it …

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