Illicit trade drains $2.2 trillion from global economy
There is an urgent need to jointly combat illicit trade across borders, going by the revelations by the United Nations Conference on Trade and Development (UNCTAD), that economic leakages from illicit trade created a drain of about $2.2 trillion yearly on the global economy.
Africa misses out in top shipping connectivity index
In the last 10 years, no African country has made the leading positing in the shipping connectivity index (maritime transport networks), according to data from the United Nations Conference on Trade and Development (UNCTAD).
Trade liberalisation as game changer in Africa’s quest for development
Last week, President Muhammadu Buhari signed the African Continental Free Trade Area (AfCFTA) agreement, making Nigeria the 53rd country on the continent to append its signature to the document.
AfCFTA’s success hinged on poverty reduction, economic development
Though the African Continental Free Trade Area (AfCFTA) aspires towards deepening the integration of the African continent beyond merely a free trade area, latest trade report has argued for the need to make competition, industrial policies and property rights work well. According to the ninth edition of the flagship Assessing Regional Integration in Africa report…
Africa FDI rises as global investment declines to $1.3trillion
Although global foreign direct investment (FDI) flows suffered a setback of about 13 per cent in 2018, with inflows sliding to $1.3 trillion...
‘Difficult to break chains of commodity dependence without diversification’
The inability of many nations to diversify their economy from a single commodity has continued to put them at the mercy of international market prices, with socio-economic and environmental consequences, the United Nations Conference on Trade and Development (UNCTAD) has said.
Nigeria, others tasked on new diversification strategies to check price volatility
Nigeria and other developing countries that depend on commodities ought to pursue diversification strategies to address the adverse effects of price...
The Taiwan formula
In the mid-eighties, I took an avid interest in the so-called North –South dialogue when the world, a little sensible at the time...
UN highlights environmental cost of staying fashionable
It takes around 7,500 litres of water to make a single pair of jeans, equivalent to the amount of water the average person drinks over a period of seven years. That’s just one of the many startling facts to emerge from recent environmental research...