Africa’s share of global trade stuck at 2.9% despite AfCFTA  

Onome Amuge Despite the immense potential of the African market, the continent’s share of global trade has remained below three percent, with most of this activity centred on merchandise trade. This is in sharp contrast to the significant increase in global trade in services and highlights the need for African countries to deepen regional integration […]

Global turbulence clouds AfDB’s outlook on Africa 

AfDB commits $10b to unlock Africa’s agriculture potential

  Revises economic forecast to 3.4% in 2023 Onome Amuge   The African Development Bank (AfDB) has revised its short- to medium-term macroeconomic forecast for Africa for the years 2023 and 2024 downward to 3.4 percent and 3.8 percent, respectively, from the earlier estimates of 4.0 percent and 4.3 percent.   The revised forecasts take […]

MTN, Vodafone Groups plan entrance into Ethiopia’s untapped telecoms markets

  Charles Abuede   Africa’s telecommunications giant, the MTN Group and a syndicate led by Vodafone Group Plc have tendered for operation licenses in Ethiopia as the wireless service providers prepare to tap the largest telecoms market in the world. Brook Taye, an adviser of the country’s finance ministry revealed on Monday that it will […]

Africa’s export of primary commodities keeps it as enrichment source for economies that add value – SA trade minister

…Continent’s 2014 coffee export worth $6bn rather yielded $100bn abroad in final products after processing …Wants adoption of AAF SAP to transform continent than externally-imposed SAP …Warns of dire consequences if continent is left behind in 4th Industrial Revolution’s tech     Ben Eguzozie, in Port Harcourt     Rob Davies, former South African trade minister, […]