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Mbumba engages banks over excessive charges

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Madagascar, which is a sovereign nation located off the eastern coast of Africa in the Indian Ocean.Regarding global trade progress, Madagascar's economy heavily relies on agricultural exports, particularly vanilla, cloves, and coffee. The country has faced challenges in its trade development due to factors such as political instability, weak infrastructure, and limited industrial diversification. However, efforts were being made to improve trade relations with other countries and promote foreign investment to stimulate economic growth.

Kingdom Of Lesotho, being a landlocked country surrounded by South Africa, has made efforts to enhance its participation in global trade. The country has focused on developing its textile and garment industry, which has been a key driver of its export economy. Lesotho benefits from trade preferences such as the African Growth and Opportunity Act (AGOA) and various bilateral agreements, allowing duty-free access to the United States and other markets.The textile and garment industry in Lesotho has attracted foreign investment and created employment opportunities. The country has been successful in exporting its products, particularly to the United States and the European Union. However, it is important to note that the COVID-19 pandemic has had a significant impact on global trade dynamics, including Lesotho's trade activities.

Today, we honor the legacy of one of the world's greatest leaders, Nelson Mandela, on his birth anniversary. Embrace the spirit of Ubuntu - "I am because we are" - by engaging in acts of kindness, service, and social change. No gesture is too small when it comes to making a difference. 🤗 Let us strive to carry forward Nelson Mandela's vision of a world where everyone is equal, where justice prevails, and where compassion reigns. Today, and every day, we honor Madiba's remarkable legacy.

"SADC Launches Success Stories Publication: Showcasing Lesotho's Benefits from Regional Integration Agenda Implementation"

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The Kingdom of Eswatini (formerly known as Swaziland) has made progress in global trade through various initiatives. Eswatini is a member of several regional and international trade agreements, such as the Southern African Development Community (SADC) and the Common Market for Eastern and Southern Africa (COMESA). These agreements aim to promote regional integration, reduce trade barriers, and foster economic cooperation among member states.Eswatini has been actively involved in pursuing trade liberalization and diversification of its export markets. The country has been working on expanding its export base beyond traditional sectors like sugar and textiles, exploring opportunities in areas such as agribusiness, manufacturing, and services.Additionally, Eswatini has been engaged in bilateral and multilateral trade negotiations to enhance market access and improve trade relations with other countries. The government has also implemented trade facilitation measures to streamline customs procedures, reduce trade costs, and improve the overall ease of doing business.

The Democratic Republic of Congo (DRC) has made progress in global trade by taking steps to improve its business environment and attract foreign investment.

The country is rich in natural resources, including minerals such as cobalt, copper, and diamonds, which contribute to its participation in global trade.

However, challenges such as infrastructure deficiencies, political instability, and corruption have affected the country's trade potential.

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Comoros is considered a small island developing state (SIDS) with a relatively small economy. Its progress on global trade has been modest, influenced by several factors such as its geographical location, limited infrastructure, and economic challenges. Comoros has been working towards enhancing its trade relations and expanding its exports, particularly in sectors such as agriculture (including vanilla and cloves), fishing, and handicrafts. Efforts have been made to improve trade facilitation and attract foreign investment, but there is still room for further development and diversification of its trade portfolio

Botswana has traditionally been a key player in global trade, primarily due to its diamond industry.

The country has actively pursued economic diversification and trade liberalization to expand its export markets beyond diamonds and promote sustainable economic growth.

Botswana has also been involved in regional trade agreements, such as the Southern African Development Community (SADC) Free Trade Area, which aim to boost intra-regional trade.

Angola, as a member of the World Trade Organization (WTO), has been actively involved in global trade. The country is rich in natural resources, particularly oil and diamonds, which have been major contributors to its exports. Angola has made efforts to diversify its economy and reduce its dependence on oil through initiatives such as promoting non-oil exports, agriculture, and manufacturing sectors.
Angola has also been engaging in regional trade agreements, such as the Southern African Development Community (SADC) and the Common Market for Eastern and Southern Africa (COMESA), to enhance trade relationships with neighboring countries. These agreements aim to facilitate trade, reduce barriers, and promote economic integration within the regions.

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