Nigeria is to begin the formal export of locally produced commodities to South Africa, Rwanda, Cameroon and Kenya from next month under the Guided Trade Initiative of the African Continental Free Trade Area, the national centre of AfCFTA announced on Thursday. Although some businesses in Nigeria currently export products to …
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The South African government Tuesday launched a new mechanism to improve the country’s export environment. According to Lerato Mataboge, the Deputy Director-General of export development of the Trade Department, the newly launched Export Barriers Monitoring Mechanism (EBMM) is designed to help local businesses overcome the barriers to exports more effectively …
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The Executive Board of the International Monetary Fund (IMF) has approved the disbursement of $4.3 billion to help fight the coronavirus pandemic in South Africa. This amount, which represents 100% of South Africa’s quota in the Fund, was granted under the Rapid Financing Instrument to meet the country’s urgent balance of …
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The Board of Directors of the African Development Bank has approved a loan of approximately R5 billion ($288 million) to the government of South Africa, as the country battles one of the largest COVID-19 caseloads in the world. South Africa confirmed its first case of COVID-19 on 5 March 2020 …
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The nurse started crying when describing her work at a Johannesburg hospital: The ward for coronavirus patients is full, so new arrivals are sent to the general ward, where they wait days for test results. Already 20 of her colleagues have tested positive. “A lot, a lot, a lot of …
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