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Africa-EU – International trade in Goods Performance

In 2020, the largest trade partner for Africa was the EU with 33% of exports to, and 31% of imports from non-African countries. In both cases, China was the second largest partner with 17% of exports and 22% of imports. Trade among African countries accounted for 18% of total (intra + extra) African exports and […]

Post-US election, AfCFTA should focus policymakers’ minds

Post-US election, AfCFTA should focus policymakers’ minds For the past four years, the US’ strategy on Africa has centered on competing against China, the continent’s biggest trading partner. Talks from aid to trade revolved around encouraging the continent to turn away from Beijing and prevent China from taking greater stakes in Africa’s technology, energy and […]

Africa’s worst currency at precipice; Naira risk rises amid #EndSARS

Africa’s worst performing currency at a precipice African nations have continuously taken more and more debt from China for infrastructure development. The day of reckoning is approaching for Zambia, which is set either to default on its international borrowings on Nov. 13 or agree to a restructuring of commitments in tandem with an IMF program. […]

The Future of Intra-African Remittances

Intra-Africa remittances were predicted to surge this year as a result of the upcoming AfCFTA agreement and increased movement of labor within the continent. Coupled with loss of employment as a result of COVID-19, we expect increased migration in the region, which in turn will increase intra-Africa remittances. Here are 5 things that need to […]

COVID-19: An Opportunity for Intra-Africa Trade?

Africa contributes to less than 1% of global coronavirus cases so far, yet its economy is deemed to be the most affected by the pandemic with predictions that the GDP growth rate will halve this year. This is largely due to Africa’s over-reliance on cross-border trade, which contributes to the income of 43% of people […]

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