China implements zero-tariff policy for African countries to rebalance trade relations
via The Reporter Ethiopia9 min read
China has introduced a zero-tariff policy for African countries, effective May 1, 2026, to promote a more balanced and mutually beneficial trade relationship. This initiative follows concerns about the trade balance, which has historically favored China, despite its 17-year position as Africa's primary trading partner. The policy will fully implement zero-tariff treatment for 53 African countries, including the 20 nations that maintain diplomatic relations under the One China Policy, and will run until April 30, 2028. This move is expected to enhance market access for African products, attract increased investment, and strengthen economic partnerships. United Nations Secretary-General Antonio Guterres and African Union Commission Chairperson Mahmoud Ali Youssouf have welcomed the initiative. China's customs authority has issued detailed rules of origin to ensure effective implementation. The policy also aligns with the African Continental Free Trade Area AfCFTA, with China supporting AfCFTA through connectivity projects and an expert group on economic cooperation. Additionally, China aims to integrate its digital economy experience into China-Africa trade relations and enhance infrastructure projects like the Addis Ababa–Djibouti Railway. The zero-tariff policy is seen as a significant development that can stimulate export growth and industrial development in Africa, reinforcing South-South cooperation amid rising protectionism.
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Ethiopia's Ministry of Finance announced the restoration of daily diesel supply to nine million liters, following a two-month period of reduced volume due to supply disruptions caused by the US-Israeli war in Iran. Fuel trucks have begun transporting diesel from Djibouti to Addis Ababa, with more expected to reach regional towns and cities. This development is anticipated to alleviate the challenges faced by truck and public transport drivers who have experienced long queues at pumping stations. The diesel crisis had previously impacted food and commodity prices, particularly fresh produce, and led to a nearly 17 percent increase in diesel retail prices to 163.09 Bir per liter. Reports also indicated a rise in illicit fuel trade during the disruption. Talks between the US and Iran have stalled after eight weeks of fighting, raising concerns about shipping through the Strait of Hormuz.
Dashen Breweries SC has announced the appointment of Matiyas Getachew as its new Chief Executive Officer. This appointment marks a significant transition as Matiyas becomes the first Ethiopian executive to lead a major brewery in a sector traditionally headed by expatriates. Matiyas joined Dashen in 2020 as Chief Financial Officer and was named acting CEO last year after the departure of Mario Van Geldern. The company elevated him to permanent CEO due to his strong leadership and achievements as CFO during challenging macroeconomic conditions. Matiyas holds a bachelor’s degree from Addis Ababa University’s Commercial College, is a chartered certified accountant, and has a master’s degree from Heriot-Watt University. His international background includes leadership roles at SABMiller, Coca-Cola Beverages Africa, and Diageo. Industry observers note this appointment reflects a broader trend toward local leadership in multinational corporations, with other major players like Coca-Cola and Unilever also recently appointing local CEOs. An industry analyst stated that Matiyas’s appointment shows growing confidence in Ethiopia’s ability to empower homegrown executives to lead large consumer businesses. Dashen Breweries was founded in 2000 by Tiret Corporate, with Duet Group, a UK investment firm, holding a majority stake since 2012.
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