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Africa’s transportation systems are both frustrating and risky, which means people spend more money using them. One study by the United Nations Trade and Development (Unctad) last year found that poor transport infrastructure in Africa significantly hinders trade by increasing costs, reduces competitiveness, and limits market access, all contributing to povertyPoor connectivity means road transport costs account for about 29 percent of the price of goods traded within Africa, compared to just 7 percent for those traded outside the continent,” the UNCTAD report observed. Another report by the Africa Export-Import Bank (Afrexim), looking into 54 African countries, said paving a kilometre of road had a direct proportional improvement in trade.“The analysis on the 54 African states over the period 2003-2020 shows that transport infrastructure development has a positive and significant effect on intra-African trade. A 1-point improvement in transport infrastructure development is assoc...

(GudangMovies21) -- During a gathering with several global business executives in Beijing, Chinese President Xi Jinping pledged to enhance market accessibility. This commitment aims to bolster investment confidence amid growing tariff tensions that are introducing unpredictability into both the domestic economy and worldwide commerce. On Friday, Xi informed over 40 executives from firms across various sectors including finance, manufacturing, and technology that China looks forward to their investments. He additionally recognized that geopolitical elements—which he referredated to as "distractions"—have impacted these businesses' operations within his nation recently. All of you are invited to maintain open channels of communication with us," Xi stated at the Great Hall of the People, commending the business leaders for their contributions to China’s development and employment creation. "Foreign enterprises play a crucial role in advancing China’s moder...

Tesla is cautioning that both itself and other American exporters might face retaliatory tariffs under the current presidency. Donald Trump imposes tariffs on U.S. trade counterparts. In a letter addressed to U.S. Trade Representative Jamie Greer earlier this week, Tesla expressed support for an extensive and detailed procedure aimed at collecting necessary data. This approach ensures effective measures against unjust trading activities without unintentionally adversely affecting American businesses. Tesla CEO Elon Musk is a strong supporter of Trump and was appointed by him to head the Department of Government Efficiency (DOGE). The firm’s worries mirror those expressed by other American exporting companies during the escalating trade conflict. As a U.S. maker and seller of products, Tesla supports the USTR in evaluating the subsequent effects of measures aimed at tackling unjust trading behaviors, according to their statement. TRUMP STATES T...