While conflict diamonds or blood diamonds, as they are known, have gained attention the world over in terms of the role illicit gems play in fuelling warfare, the role that the timber trade has played in abetting conflict has received considerably less consideration. That may be beginning to change.
At the heart of the collapse of the World Trade Organisation’s Doha Round last week are the different opinions on liberalisation and its relation to development. Developed countries promote the idea that liberalisation will bring about development and thus that the failure of the Round constitutes a blow for the poor.
A top businessperson and some economists in Namibia are optimistic that the proposed Southern African Development Community (SADC) Customs Union will break down trade barriers in the region and create competition that will benefit the ordinary consumer.
Safeguards to protect small farmers’ livelihoods in African and other developing states, as opposed to subsidies for commercial agricultural interests in rich countries, remained an insurmountable obstacle in the World Trade Organisation (WTO) talks, leading the Doha Round to collapse last week.
Lack of export orientation in the past has caused economic failures in African countries, which is why these countries should focus on exports to build industries.
Business has been slow for many Ghanaian traders. They blame the situation on not only the influx of cheap Chinese products but also insufficient legal protection and corruption.
The Common Fund for Commodities plans to spend more than $100 million over five years helping farmers in the developing world to process their crops for added-value exports.
More and more, China seems to be taking up any commodity that can be had from Ghana. From copper waste and scrap, timber and natural rubber to aluminium waste and scrap and vegetable products are being exported to the upcoming Asian superpower.
The friendly atmosphere at the first ever European Union-South Africa in Bordeaux, France, at the end of last week may largely be attributed to how South African President Thabo Mbeki had helped convince Robert Mugabe, his Zimbabwean counterpart, to negotiate directly with Morgan Tsvangirai, leader of the opposition Movement for Democratic Change, a few days earlier.
Brussels is tempted to skip the translation of the interim economic partnership agreements (EPAs) into the 23 official European languages because of concerns that some African, Caribbean and Pacific (ACP) countries may change their minds about signing the final agreements.
Entering the Monkeybiz shop, one is confronted with hundreds of brightly coloured beaded animals, dolls, place mats and pictures. You find yourself smiling involuntarily.
Climate change has a profound effect on food security in Africa, as increasing temperatures and shifting rain patterns reduce access to food across the continent.
In this era of technological progress people should be working less, not more, says Ashok Subron.
Baphethile Mntambo has been farming organically for the past five years because she knows that avoiding chemicals will in the long-term benefit her yield. She decided not to plant genetically modified seeds because she has heard that they cannot be saved for the next season and will eventually deplete her soil. But she is not entirely sure how and why.
Senegal’s opposition to United Nations sanctions against Zimbabwe aligns Pres. Abdoulaye Wade’s government with that of South Africa. This should boost the two countries’ bilateral relations, which have seemingly been improving in the wake of a recent bilateral trade treaty.
As state violence in Zimbabwe worsens, economists in the capital Harare have warned that cutting international economic ties with the country will hit the average person the hardest.
Business has never been this bad, said Nomathemba Nkomo.
The European Commission is still targeting those least developed countries that have resisted economic partnership agreements (EPAs) by opting for the Everything But Arms trade preference scheme.
The Soviet-era connections between Russia and some African states have collapsed into low levels of economic engagement between the former partners, with the arms trade remaining the exception.
The six-foot tall corn stalks on Kastul Baha's homestead are the envy of his pastoral village in northern Tanzania. Baha was one of the fortunate farmers this crop season with $35 to buy a package of fertilizer to apply over his half-hectare field. He expects to more than double output to 10 bags of corn compared to four bags last year.
The approach taken by the European Union (EU) in trade talks with Africa has been strongly criticised in an official report commissioned by France, the new holder of the EU’s rotating presidency.