African Export-Import Bank (Afreximbank)’s Post

The Economic Commission for Africa (ECA) has released a new report on the Assessment of Progress on Regional Integration in Africa, revealing that the African share of global trade remains below 3 percent. #AfricanTrade #GlobalTrade #TradeReport #EconomicAnalysis #TradeRelations https://lnkd.in/dtrR2EkB

The African Continental Free Trade Area has sought to increase intra-African trade, with pilot schemes rolled out to limited markets in 2022, with more added in 2024. In a new article, Nabil Frik and Amine Mouffok share their outlook on North Africa’s place within the larger intra-African trade project. They discuss some of the economic obstacles and geographical barriers that make North Africa a unique case within the continent – as well as the progress being made on new physical and financial infrastructure. Read more: https://lnkd.in/dadjxNfV

Unveiling Nigeria's top 5 import trade partners in Q3 2023 offers significant insights into the nation's global economic interactions. These strategic alliances are instrumental in molding Nigeria's import landscape, shaping economic dynamics, and influencing international trade patterns. Join the discussion as we navigate the data, exploring the profound impact of these key partnerships on economic resilience and global trade facilitation. 🌐🚢 #ImportTrade #GlobalEconomy 🌍💼

South Africa can enhance economic growth and competitiveness by making trade more accessible and efficient. By reducing trade costs, updating import duties and improving policymaking will help businesses thrive and industries evolve. However, high costs and political interference pose challenges, with simplifying processes, making evidence-based decisions and ensuring fair trade policies will be essential. For more detailed info and regular updates on industry trends, subscribe to our newsletter ✉: https://bit.ly/3QtTIbV #ConcreteTrends #trade #economic #growth

Intra-Africa trade as a share of Africa's global trade has remained somewhat stagnant. However, in terms of dollar value, it has grown from US$ 98 billion in 2013 to US$ 102 billion in 2022. The Economic Commission of Africa believes that the African Continental Free Trade Area (AfCFTA) could be a game-changer, estimating that intra-African trade could increase by as much as 35.6 percent in 2045 thanks to AfCFTA. To achieve this by 2045, the real question to be addressed is why intra-Africa trade as a percentage of Africa's global trade is performing poorly. Is a continental market all it takes? Discover our thoughts on this at https://lnkd.in/e6WP9_zD. #PuttruThinking

Intra-Africa trade as a share of Africa's global trade has remained somewhat stagnant. However, in terms of dollar value, it has grown from US$ 98 billion in 2013 to US$ 102 billion in 2022. The Economic Commission of Africa believes that the African Continental Free Trade Area (AfCFTA) could be a game-changer, estimating that intra-African trade could increase by as much as 35.6 percent in 2045 thanks to AfCFTA. To achieve this by 2045, the real question to be addressed is why intra-Africa trade as a percentage of Africa's global trade is performing poorly. Is a continental market all it takes? Discover our thoughts on this at https://lnkd.in/e6WP9_zD. #PuttruThinking

Regional Blocs, not the Tripartite Free Trade Area, hold the key to Africa’s Trade Renaissance By Edam Shem A new approach, familiar problems? The recent focus on Regional Economic Communities (RECs) in Africa has re-ignited an active debate about The Tripartite Free Trade Area (TFTA). Proponents argue that the TFTA’s smaller scale allows for …

🌟 This Week's Poll Insights are here! 🌟 Thank you to everyone who participated in this week's poll! QUESTION : Between the following, which countries combination represent Lesotho’s top 3 Export Trading partners? ANSWER : According to BOS's Foreign Trade Statistics Report 2023, South Africa, Belgium and the USA were Lesotho's Top 3 Export Trading Partners. Your engagement and insights are invaluable! Stay tuned for next week's poll and let's keep the conversation going. 🚀 #PollResults #CommunityEngagement #LinkedInPolls

A recent report from the Economic Commission for Africa (ECA) highlighted the persistent challenges in boosting Africa’s share in global trade, which despite the implementation of AfCTA, still remains under 3% https://lnkd.in/eZsCVPT7

Abstract: "The paper examines the role of the African Export-Import Bank (Afreximbank) in financing, expanding, supporting, and facilitating intra-trade within and amongst African countries. It highlights the importance of intra-trade in Africa, the history of Afreximbank's establishment in 1993, and its various programs aimed at promoting trade and development. The paper discusses how Afreximbank's initiatives, such as the Afreximbank Trade Facilitation Programme, have facilitated trade, financed infrastructure development, and supported sectors like tourism and agriculture. It also explores Afreximbank's efforts in addressing the trade finance gap, supporting the African Continental Free Trade Area (AfCFTA), and promoting events like the Intra-African Trade Fair. Additionally, the paper discusses Afreximbank's role in establishing institutions like the Fund for Export-Development in Africa (FEDA) to boost foreign direct investment in Africa's trade and export sectors. Overall, the paper underscores the vital role played by Afreximbank in advancing intra-African trade and economic development."