Tag: Intra-Africa trade
Africa Business Emerging Markets Headlines International

Intra-Africa trade hampered by high costs, cumbersome border procedures — TMA report

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Trade among African countries within the African Continental Free Trade Area (AfCFTA) is hampered by inefficient border procedures, complex documentation requirements and the lack of harmonization of regulatory regimes, all of which create major business obstacles, a new report by TradeMark Africa (TMA) says. The report, titled ‘Trade Facilitation Report: Driving African Trade through Digitalization’, […]
Africa Business Emerging Markets Headlines International

AfCFTA member states propose ways to boost low intra-Africa trade

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Political leaders, business executives and other stakeholders from all around Africa have recently met at two high-level meetings in Nigeria’s Abuja and South Africa’s Cape Town, aiming to find ways to boost intra-Africa trade within the context of the African Continental Free Trade Area (AfCFTA). Finance ministers and central bank governors from 50 African countries […]
Africa Business Headlines International

Intra-Africa trade remains ‘difficult’ amid forex shortage, poor infrastructure — Standard Bank’s report

North Africa PostComments Off on Intra-Africa trade remains ‘difficult’ amid forex shortage, poor infrastructure — Standard Bank’s report

Intra-country trade in 10 key African countries remains difficult amid currency volatility and international capital flight, as business struggle to find the foreign currency, most notably the dollar, needed to pay for imports, according to the 2023 Standard Bank Africa Trade Barometer (ATB). The key finding in the study conducted by Standard Bank, Africa’s largest […]