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Kenyan merchants report that the continuing lockdowns in China are actually immediately impacting their backside traces. “Yiwu provides Kenya with 60 p.c of products that we get from China, nonetheless, the present restrictions on Shanghai suggest that containers can not get to the port for onward transport to Kenya,” mentioned James Kariuki, a commerce knowledgeable. China’s strict anti-COVID measures have severely disrupted already fragile provide chains, significantly on the Port of Shanghai. (BUSINESS DAILY)
The Guinean authorities issued a brand new decree on Friday that requires all worldwide mining corporations to current plans by subsequent month on how they plan to refine bauxite domestically or else face unspecified “penalities.” Guinea is the world’s second-largest bauxite producer, a key ingredient used to supply aluminum. The world’s largest aluminum producer, China Hongqiao, is without doubt one of the largest operators in Guinea. (REUTERS)
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