AFRICA ECONOMY NEWS & UPDATES

  • South African farmers turn to China to expand the market, which currently takes up about 10 percent of South Africa’s citrus fruit exports. http://bit.ly/2PSJPpM
  • Nigeria confirmed its borders would remain closed to trade until at least January 31, 2020, to tackle the smuggling of rice and other goods. Last month, the head of customs confirmed that all trade via land borders had been halted indefinitely.  http://bit.ly/2WOtaVU
  • A new Scottish business network with support from business and government is launching in Africa. It is foreseen that the organization will strengthen economic, social and cultural ties between South Africa and Scotland, leveraging the potential to increase trade and relations. http://bit.ly/34EhasR  
  • South Africa’s government is working to develop legislation that regulates the participation of foreign nationals in South Africa in various sectors which include retail, pharmaceuticals and micro-businesses. These regulations come in the wake of weeks of xenophobic violence in Gauteng, which caused 12 deaths and hundreds of arrests. http://bit.ly/34JOWwX