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Economy

The US Trade Act supports a sustainable business run by two sisters in South Africa.

South Africa is hosting a summit for participants in the U.S. government’s duty-free Africa Growth and Opportunity Act from November 2 to 4 as the act comes up for renewal. Kate Bartlett spoke to the owners of one South African…

The Mayor announced that West Maui will be welcoming tourists again starting November 1.

HONOLULU, Hawaii —  The mayor of Maui County announced on Monday that West Maui, with the exception of the damaged areas in historic Lahaina, will be open to tourists starting November 1st. This comes after the deadliest U.S. wildfire in…

The current crisis in the Middle East has the potential to disrupt the supply of oil and lead to an increase in prices.

WASHINGTON —  Experts predict that the current situation in the Middle East, 50 years after the 1973 Arab oil embargo, could potentially cause disruptions in global oil supplies and result in higher prices. However, it is unlikely that we will…

Kenyan producers lament the large quantities of goods being imported from China.

According to Kenya’s bureau of statistics, China continues to be the main contributor of imports, making up more than 20% of the total. Local manufacturers express concern that these imports from China are negatively impacting their profits. Juma Majanga reports…

Following a decade of China’s Belt and Road Initiative (BRI) projects in Cambodia, the perceived advantages are being questioned. After a decade of China’s BRI endeavors in Cambodia, there is debate surrounding the benefits.

PHNOM PENH, CAMBODIA —  Despite the potential for displacement due to a $60 million bridge project connecting two bustling areas along the Tonle Sap river in Phnom Penh, 62-year-old produce seller Sok Ul remains optimistic in the capital city of…

Economists predict that Nigeria’s inflation will continue if the exchange rate is not stabilized.

Abuja, Nigeria —  According to the national statistics bureau, the inflation rate in Nigeria has reached 26.72%, the highest it has been in 20 years. This has caused significant economic struggles for millions of people in Africa’s largest country, which…

The Gabonese government is warning that individuals could face arrest for collecting funds without completing the required work.

YAOUNDE, CAMEROON —  The military leaders of Gabon have issued a warning on Tuesday that they will detain the leaders of companies who have received payment for work that was not completed. The military-appointed prime minister of Gabon, Raymond Ndong…

Trade between China and Southeast Asia is increasing as a result of the Belt and Road Initiative, but there are also concerns arising.

Taipei, Taiwan —  In the past decade since China introduced the Belt and Road Initiative, trade with Southeast Asian countries has increased by over 100%. China has invested billions of dollars in constructing railways, airports, ports, and other infrastructure to…

A lawsuit against GMOs in Kenya has been dismissed by the court, causing concerns about trade in East Africa.

NAIROBI, KENYA —  A court in Kenya has rejected a lawsuit contesting the importation of genetically modified foods, upholding a previous court decision that permits the introduction of GMOs. The Law Society of Kenya, the leading organization for legal professionals,…

In September, China’s imports and exports declined by 6.2% due to weakened global demand.

HONG KONG —  In September, China experienced a decrease in both exports and imports compared to the previous year. However, the decline was less severe, despite the ongoing low demand in the global market. According to the recently released customs…