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Brexit Could Cost Poorest Countries £320m A Year, Warn Economists

Brexit Could Cost Poorest Countries £320m A Year, Warn Economists

  The world’s poorest countries could lose more than £320m a year if their existing trade agreements with the UK market are not maintained in the event of Brexit, a new series of essays published by the Overseas Development Institute (ODI) and the UK Trade Policy Observatory has warned. The authors said emerging markets in […]

Africa’s Farmers Fret Over Brexit Amid Calls To Boost Regional Trade

Africa’s Farmers Fret Over Brexit Amid Calls To Boost Regional Trade

African countries must trade more between themselves to be better equipped to deal with shocks in the global economy such as that caused by Britain’s vote to leave the EU. Speakers at a forum on the sidelines of the 14th UN Conference on Trade and Development (Unctad) said enhanced intra-African trade would reduce poverty and […]

Ugandan Farmers Seal Grain Deal With Kenyan Firms

Ugandan Farmers Seal Grain Deal With Kenyan Firms

A food trade project to boost the incomes of farmers in Katine and the broader region of Teso in eastern Uganda has resulted in a contract to export up to 500 tonnes of grain to neighbouring Kenya. Officials at the Katine Joint Farmers Co-operative (Kajofaco) say they have started buying and bulking green grams (similar […]

Africa Risks Fresh Debt Crisis As Levels Of Borrowing Rise Sharply, Warns UN

Africa Risks Fresh Debt Crisis As Levels Of Borrowing Rise Sharply, Warns UN

Although African countries need to tap new streams of funding if they hope to implement an ambitious blueprint to end inequality and poverty, they must beware borrowing too much and potentially triggering debt crises such as those experienced in the 1980s and 1990s, says the UN’s trade body. In a report assessing debt levels against […]

Tackling Illegal Fishing In Western Africa Could Create 300,000 Jobs

Tackling Illegal Fishing In Western Africa Could Create 300,000 Jobs

If governments in western Africa could end illegal fishing by foreign commercial vessels and build up national fleets and processing industries, they could generate billions of dollars in extra wealth and create around 300,000 jobs, according to a new report (pdf). The devastating, social, economic and human consequences of overfishing in western Africa’s coastal waters […]

India Tomato Shortage Causes Curry Crisis And Puts Sellers Under Pressure

India Tomato Shortage Causes Curry Crisis And Puts Sellers Under Pressure

At Pimpalgaon Basant, a village in western India, there is not a single cloud in the sky. The last time it rained was days ago, and that was only for an hour. Without rain, the Pimpalgaon tomato market, said to be the biggest in Asia, is almost empty. “We have around 75% fewer tomatoes than […]