Africans are praying for a quick Ethiopia downfall
Posted: 11 Nov 2021, 16:38
Kenya to gain as US restricts Ethiopia goods on Tigray war
Wednesday November 03 2021
Kenya looks set to benefit after the US suspended duty-free access to Ethiopian exports following ongoing unrest in the country’s Tigray region.
The US move to ban Ethiopia opens a window for Kenyan textile and apparel firms to increase their exports to the US
https://www.theeastafrican.co.ke/tea/bu ... ar-3606250
West African Textile Industry Poised to Benefit from Ethiopia Sanctions
By Casey Hall November 11, 2021 06:45
Ethiopia, home to one of Africa’s largest textile industries, will be removed as a beneficiary of the US African Growth and Opportunity Act (AGOA) trade programme in January 2022 due to its failure to halt human rights violations stemming from war in its Tigray region, according to Fibre2Fashion.
West Africa, already a major producer of cotton, is a likely beneficiary of any sourcing shift (Benin, Ivory Coast and Burkina Faso respectively rank sixth, seventh, and eighth in the world in terms of cotton production).
The sanctions placed on Ethiopia are likely to give respective governments in West African nations new impetus to attract textile-related investment and improve transportation and logistics. They will be helped by the creation of the African Continental Free Trade Area (AfCFTA), which came into effect on Jan. 1 this year and has reduced tariffs up to 90 percent on goods traded within the area.
https://www.businessoffashion.com/news/ ... -sanctions
Ethiopia conflict has not affected LAPSSET project – CS Adan
08 November 2021 - 04:00
The conflict in Ethiopia has not affected the Lamu Port-Southern Sudan-Ethiopia Transport Corridor (Lapsset), Kenya's East African Community and Regional Development ministry has said.
Instead, it has created an opportunity for Kenya to offer Ethiopia an alternative import route in instances of disruption on its main trade corridor with neighbouring countries.
This is mainly Djibouti through which up to 90 per cent of its international trade (goods) pass through.
https://www.the-star.co.ke/business/ken ... t--cs-adan
Wednesday November 03 2021
Kenya looks set to benefit after the US suspended duty-free access to Ethiopian exports following ongoing unrest in the country’s Tigray region.
The US move to ban Ethiopia opens a window for Kenyan textile and apparel firms to increase their exports to the US
https://www.theeastafrican.co.ke/tea/bu ... ar-3606250
West African Textile Industry Poised to Benefit from Ethiopia Sanctions
By Casey Hall November 11, 2021 06:45
Ethiopia, home to one of Africa’s largest textile industries, will be removed as a beneficiary of the US African Growth and Opportunity Act (AGOA) trade programme in January 2022 due to its failure to halt human rights violations stemming from war in its Tigray region, according to Fibre2Fashion.
West Africa, already a major producer of cotton, is a likely beneficiary of any sourcing shift (Benin, Ivory Coast and Burkina Faso respectively rank sixth, seventh, and eighth in the world in terms of cotton production).
The sanctions placed on Ethiopia are likely to give respective governments in West African nations new impetus to attract textile-related investment and improve transportation and logistics. They will be helped by the creation of the African Continental Free Trade Area (AfCFTA), which came into effect on Jan. 1 this year and has reduced tariffs up to 90 percent on goods traded within the area.
https://www.businessoffashion.com/news/ ... -sanctions
Ethiopia conflict has not affected LAPSSET project – CS Adan
08 November 2021 - 04:00
The conflict in Ethiopia has not affected the Lamu Port-Southern Sudan-Ethiopia Transport Corridor (Lapsset), Kenya's East African Community and Regional Development ministry has said.
Instead, it has created an opportunity for Kenya to offer Ethiopia an alternative import route in instances of disruption on its main trade corridor with neighbouring countries.
This is mainly Djibouti through which up to 90 per cent of its international trade (goods) pass through.
https://www.the-star.co.ke/business/ken ... t--cs-adan