While 10 avocado exporters have passed Kenyan inspections, China now wants to do its own audits and, based on the past experience of some other African fruit producers, it could take a decade to get the green light.
Take Kenya. Its annual trade deficit with China is about $6.5 billion and it has roughly $8 billion of Chinese debt. It needs nearly $631 million to service that debt alone this year, but that's almost three times its exports to China in 2021. What's more, 60% of the world's uncultivated arable land is in Africa, meaning there is huge potential for growth.
Nigeria, Africa's most populous nation, is the top importer of Chinese goods, hoovering up $23 billion worth in 2021, but those imports dwarfed Nigeria's exports to China by eight times. "China has always been focusing on promoting the balanced development of China-Africa trade," he told Reuters. China's African Affairs chief Wu said harnessing that growth would ensure balanced trade, increase African employment opportunities and help the continent industrialise.
"The debt situation has brought it to the fore," she said. "In the first instance it's just a super logical investment." He said Kakuzi, Kenya's biggest avocado grower, spent a month showing it could track its produce from the seeds, to how trees are managed, and how the avocados are harvested, processed and packed. By contrast, the European Union only requires inspection at the point of exit, Were said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: allafrica - 🏆 1. / 99 Read more »
Source: SABCNews - 🏆 37. / 51 Read more »
Source: allafrica - 🏆 1. / 99 Read more »
Source: mybroadband - 🏆 11. / 67 Read more »
Source: ReutersAfrica - 🏆 31. / 53 Read more »
Source: TechCentral - 🏆 8. / 71 Read more »