Lusaka - ZAMBIA has recorded a trade surplus for March 2012 valued at K79.6 billion representing an increase of about 68.1 per cent from K47.4 billion recorded the previous month. This means that the country exported more in the month under review than it imported in nominal terms. According to the Central Statistical Office (CSO) director John Kalumbi, since January 2011 the country has had monthly trade surpluses with the highest valued at K1, 484.5 billion registered in January 2011 and Read more [...]

Addis Ababa -- Africa could double intra-regional trade by easing non-tariff barriers including customs procedures and poor transport infrastructure, helping boost economic growth, the World Bank said. African leaders meet at the African Union’s headquarters in Addis Ababa, Ethiopia’s capital, today to discuss ways to boost trade within the continent, which accounts for 12 percent of the total. That compares with 35 percent in Latin America, almost 50 percent in Asia and about 70 percent Read more [...]

WASHINGTON — The U.S. government and some major business groups say the climate talks that just wrapped up in Durban, South Africa, were a success for the United States, though some environmentalists voiced disappointment. The talks ended Sunday without pledges to speed pollution reductions as fast as economists and scientists say will be necessary to improve the odds of avoiding dangerous climate changes. Instead, negotiators agreed to work toward a global emissions-reduction agreement that Read more [...]

Dar es Salaam -- First round of negotiations to establish the $1 trillion Tripartite Free Trade Area (FTA) covering 27 countries in eastern and southern Africa are scheduled to start next month, the head of the taskforce spearheading the process has said. According to the Tripartite Taskforce chairperson Sindiso Ngwenya, the first round of the negotiations to create the grand Comesa-EAC and Sadc free market will take place in Nairobi on 8-9 December. He said a lot of ground has been covered Read more [...]