►►A Ghanaian exporter has said that his company is preparing to capitalize on opportunities in the Chinese market following China’s expansion of zero-tariff treatment to all African countries that have diplomatic relations with it, effective May 1.
ACCRA-Daniel Kombat, chief executive officer of Danikom Ghana Limited, a producer of natural shea butter and African black soap, told Xinhua on Tuesday that the policy offers African exporters an alternative market as a new U.S. tariff regime erodes their earnings.
His business, based in Tamale, the capital of Ghana’s Northern Region, was established in 2011 and employs 1,000 women to collect shea nuts, as well as 421 others engaged in the organic and conventional processing of shea butter and African black soap — the company’s flagship products.
Over the years, the company has developed export markets in the United States, Poland, Italy, Canada, and Bulgaria. Following the launch of the African Continental Free Trade Area (AfCFTA), it has also expanded into African markets.
« We’re now exporting to South Africa, one of the African markets we want to enter. We want to take advantage of the AfCFTA, so we started exporting to countries like Botswana, Zambia, and Kenya, and now we have one of the biggest markets in Africa, which is South Africa, » he stated.
