Parallel Imports

RBZ closes Forex platform to stem currency decline

Bloomberg ZIMBABWEAN authorities shut down a popular black market currency tracking platform, the latest move to try and stop an accelerating decline in its currency. The central bank has ordered the shutdown of marketwatch.co.zw and other sites that publish the parallel market exchange rate, Governor John Mangudya said in a …

Read More »

Guess who is behind the paralysis over COVID19 at the United Nations Committee on World Food Security

Aid, Civil Society, COVID-19, Economy and Trade, Food and Agriculture, Food Security and Nutrition, Global, Headlines, Human Rights, Humanitarian Emergencies, IPS UN: Inside the Glasshouse, TerraViva United Nations Opinion ROME, October 19, 2021 (IPS) – “COVID 19 has multiplied the challenges of hunger and malnutrition. We need transformative action! ‘ …

Read More »

Nigeria-China currency exchange collapses

Through Omodele Adigun and Uche Usim, (Abouja) Three years after the Central Bank of Nigeria (CBN) signed a currency swap deal with the People’s Bank of China (PBoC), Nigerians have yet to feel the impact of this deal, especially that the free fall of the naira, which currently stands at …

Read More »

It’s time to unplug the black market from forex

Sunday mail Victoria Ruzvidzo Zimbabwe has a legendary penchant for miscarrying or shooting themselves in the foot at the most inopportune moment. The current chaos in the foreign exchange market is of no use and threatens to wipe out much of the economic gains recorded so far. But that shouldn’t …

Read More »

“Imported mushrooms could take precedence over French mushrooms”

It’s the start of the French mushroom season and a lot of imported mushrooms can still be found on the shelves. “In recent years, there was a shortage of French mushrooms on the market, especially around the Christmas holidays,” says Chris Chamballu of France Champignon. “Large retailers and wholesalers have …

Read More »

Eurasian brand system creates new opportunities for brand owners

The Eurasian Trademark System is a regional system that allows a trademark to be registered in all Eurasian Economic Union (EAE) countries by submitting a single application. The EAEU member states currently include Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. A single customs area operates within these territories and lays down …

Read More »

naira devaluation: the problems arise | THIS DAY

Yemi Osinbajo Obinna Chima The perennial debate on the devaluation of the naira was reignited on Monday, during the two-day retreat on the mid-term ministerial performance review, chaired by President Muhammadu Buhari, when the vice-president, Prof Yemi Osinbajo openly advised the Central Bank of Nigeria (CBN) to adjust the naira …

Read More »

Economic instability set to prevail despite central bank roadmap

The rapid growth of the money supply propelled by substantial bank loans to the government since last year has been a major cause of economic stability. The Central Bank has no room for maneuver to mop up this excess liquidity, in the absence of fiscal discipline. The Roadmap did not …

Read More »

“We must fight against the factors of inflation, unemployment and insecurity”

The Nigerian economy is growing, but the reality with the common man is that life is more difficult. Are we seeing an impact of the numbers on living conditions? Yes, beyond the SNB’s GDP figures each quarter, we need to look at how the high rate, double-digit inflation at 17.38% …

Read More »

Trade gears up for tough duties on Indian wind towers

By Jennifer Doherty (October 8, 2021, 5:38 p.m. EDT) – The US Department of Commerce has doubled the penalties it imposed on some Indian wind tower producers during the first phase of its investigations into dumping and subsidies on imports, preparing tariffs of up to 397.7% on recalcitrant companies. According …

Read More »