With most of mainland China on a lockdown, economic activities are slowing, consequently affecting exports to Nigeria. A host of other African countries and African-based companies are also heavily dependent on China for some form of input, be it imports or exports. The country is responsible for over 50 percent of Eritrea’s, zinc and copper ore export, and 45 percent of cobalt export in the Democratic Republic of Congo. China is also the biggest financier of Africa’s infrastructure, funding one in five projects and constructing one in three. South Africa’s seafood market is experiencing a decline in revenue as a result of the coronavirus outbreak in China. Reuters reports that lobster fishermen in the country’s Western Cape are stuck with their catches as there is no market for them.
SOURCE: VENTURES AFRICA
More Stories
The Latest Sign of Progress in Ethiopia’s Peace Deal
Traditional Gender Norms are the Main Barrier to Ghanaian Women Pursuing Academic Careers
Tanzania is a Beautiful and Peaceful Country, but there is a Dark Side
Nigerian Official and Wife Found Guilty for Organ-trafficking Plot
Uganda Bill Makes Provisions for the Arrest and Imprisonment of LGBTQ People
Sex in a Mogadishu City
Algerian Authorities Dismantle an International Network of Migrant Smugglers to Europe
Blinken’s Trip is the Latest in a Series of Visits to Africa by US Government Figures
Film Tells the Story of a Tragedy Perpetrated in Africa by German Colonial Troops
The Top Ten Most Ethnically Diverse Countries are all African Countries
South Africa Still a Long Way Off in Building a National Culture of Human Rights
After Lawsuits and Demonstrations Led by Chagossian Women, Britain Paid Some Compensation through the Mauritian Government to the Exiled Chagos Population