First Independent Mena Newspaper
The European Union’s decision to impose 50% tariffs on steel imports beyond a reduced quota has sent ripples through global markets — and Africa is bracing for the fallout. While most African countries are technically exempt from the EU’s new tariff regime under WTO rules, the continent may still face serious indirect consequences. With major […]
Two major Africa-focused events — Global Africa Forum 2025 (GAF) and GABI 2025: Unstoppable Africa — held during the recent UN General Assembly in New York, showcased a bold shift in Africa’s global posture: from aid dependence to self-driven growth, investment, and innovation. At GAF 2025, convened by the Africa Prosperity Network, leaders rallied behind […]
The Trump administration has backed a one-year extension of the African Growth and Opportunity Act (AGOA) just as the two-decade-old trade agreement was set to expire on 30 September. While the move offers temporary relief, it has done little to dispel mounting fears over the future of U.S.-Africa trade. AGOA, first passed in 2000, provides […]
With the United States facing growing vulnerabilities in its critical minerals supply chain, a new Brookings Institution study urges Washington to forge stronger partnerships with Africa — home to an estimated 30% of the world’s proven reserves. Critical minerals, essential for sectors from defense to clean energy, are heavily concentrated in a few global regions. […]
South African Mineral Resources Minister Gwede Mantashe has sharply criticized the 30% tariffs imposed by the U.S. on South African exports, calling them a symptom of a “declining empire” lashing out in desperation. “The danger with the US imposing the 30% tariffs is that it is the kicking of a declining empire,” Mantashe told industry […]
Japan is intensifying its African engagement ahead of the ninth Tokyo International Conference on African Development (TICAD9), with ambitious plans centered on youth employment, digital transformation, and climate resilience. The Japanese International Cooperation Agency (JICA) has already deployed $2.9 billion of a pledged $5 billion private sector investment package, signaling sustained commitment despite global economic […]
African exports to the United States are projected to drop by as much as 21.5% as new U.S. tariffs take effect, according to joint research by the Economic Commission for Africa (ECA), African Union Commission (AUC), and African Development Bank (AfDB). The protectionist move, part of a broader trade policy under President Donald Trump, has […]
Rising costs of road freight across West Africa are threatening to derail the African Continental Free Trade Area (AfCFTA), exporters and trade experts warn, as unofficial fees and bureaucratic bottlenecks mount along key trade corridors. A recent case study by the West African Association for Cross-Border Trade (WACTAF) reveals that transporting a truckload of goods […]
Africa’s trade is poised to hit a record $1.5 trillion in 2025, driven by accelerating regional integration and improved infrastructure, according to projections from the IMF and Afreximbank — yet economists warn of persistent structural hurdles. With trade growth expected to average 5.1% annually through 2026 and intra-African trade expanding at 6.6% per year, the […]
Africa has taken a major step toward financial self-determination with the launch of PAPSSCARD, the continent’s first Pan-African card scheme. Announced during the 32nd Afreximbank Annual Meetings in Abuja, Nigeria, the card aims to keep value, data, and economic benefits within Africa by processing payments entirely on the continent. The PAPSSCARD is a joint initiative […]