Tag: African trade
Business Emerging Markets Features Headlines

AGOA expulsion to prompt South Africa, others to diversify export markets

North Africa PostComments Off on AGOA expulsion to prompt South Africa, others to diversify export markets

As South Africa and possibly also other continental states face the real possibility of being expelled from the African Growth and Opportunity Act (AGOA), a United States Trade Act, experts are urging them to diversify their export markets. Wamkele Mene, secretary-general of the African Continental Free Trade Area (AfCFTA) Secretariat, addressed concerns at a recent […]
Business Emerging Markets

Pandemic aftershocks, Russia’s war in Ukraine dimming prospects for African trade

North Africa PostComments Off on Pandemic aftershocks, Russia’s war in Ukraine dimming prospects for African trade

The effects from the COVID-19 pandemic aftershocks and the Ukrainian crisis have led to rising commodity prices, surging inflation, and shifts in the global financial situation that have transformed African trade and production capabilities, according to the latest figures published by the International Monetary Fund (IMF). After over-performing in its post-pandemic recovery in 2021, Africa’s […]
Business Finance

Malawi’s intra-Africa trade rises to 32%, boosted by AfCFTA — Brookings study

North Africa PostComments Off on Malawi’s intra-Africa trade rises to 32%, boosted by AfCFTA — Brookings study

Trade exchange between Malawi and other countries in the African region has improved over the years, with statistics showing that Malawi now accounts for 32% of intra-Africa trade A recent study published by Brookings Institution Africa Growth Initiative indicates that at 32%, Malawi ranks on position seven out of 13 countries that have improved performance, […]