Senegal – Prospects for U.S. Exporters

According to data from the Foreign Agricultural Services department of the U.S. Department of Agriculture on the West African prospects for the United States exporters, Senegal is one of the biggest West African economies with yearly GDP growth of over 6 per cent within the past three years. Senegal imports at least 70 per cent […]

PAPSS: What It Is, Benefits, and How It Works

Cross-border trading is high on the agenda, with the African Continental Free Trade Area (AfCFTA) agreement now a reality. PAPSS, or the Pan-African Payment and Settlement System, is primed to facilitate the expected increased volumes of cross-border payments. PAPSS is a cross-border financial market infrastructure enabling payment transactions across Africa. It addresses the historical challenges of making payments across […]

6 Things You Should Know about Trade in the United Kingdom

If you want to stay up-to-date on the state of trade in the United Kingdom, here are six things to stay informed on: 1. Global Shipment Value The United Kingdom shipped US$459.4 billion worth of goods around the globe in 2021. According to the average exchange rate for 2021, the British pound has increased against […]

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 […]