Eastern Africa Grain Council’s Post

Prosper Africa has signed the first $56 million trade deal with the United States-Africa Trade Desk (USATD) for 700 containers of South African-grown table grapes to be imported to the US. The deal, a joint venture between Prosper Africa and Afritex Ventures, aims to bridge the gap between African agricultural suppliers and US buyers. The transaction will help US retailers maintain product prices during the country's growing off-season, which is expected to increase by 35%. The deal, financed by EAS Advisors and Scipion Capital, will provide firm off-take prices and remove market volatility. USATD will facilitate the transaction. Read more:https://lnkd.in/ds7mgRR8

Prosper Africa has signed the first $56 million trade deal with the United States-Africa Trade Desk (USATD) for 700 containers of South African-grown table grapes to be imported to the US. The deal, a joint venture between Prosper Africa and Afritex Ventures, aims to bridge the gap between African agricultural suppliers and US buyers. The transaction will help US retailers maintain product prices during the country's growing off-season, which is expected to increase by 35%. The deal, financed by EAS Advisors and Scipion Capital, will provide firm off-take prices and remove market volatility. USATD will facilitate the transaction. Read more:https://lnkd.in/d62KWQMQ

𝗜𝗖𝗬𝗠𝗜: 𝗢𝗻 𝗝𝘂𝗻𝗲 𝟮𝟳, 𝟮𝟬𝟮𝟰, 𝗩𝗲𝘀𝘁𝗮𝗻𝗰𝗲 𝗛𝗲𝗹𝗱 𝗮 𝗢𝗻𝗲-𝗗𝗮𝘆 𝗧𝗿𝗮𝗶𝗻𝗶𝗻𝗴 𝗼𝗻 𝗡𝗶𝗴𝗲𝗿𝗶𝗮 𝗖𝗼𝗺𝗺𝗼𝗱𝗶𝘁𝘆 𝗘𝘅𝗽𝗼𝗿𝘁𝘀 We shared insights on: • The global demand for Nigerian agricultural produce. • Meeting export requirements. • Identifying reliable buyers and negotiating contracts • Navigating logistics for international trade. Here is your link to watch the recap: https://lnkd.in/d2BpmhPW #commodity #trading #exportopportunities #agribusinessgrowth

Many importers are not aware of the trade agreements available to boost trade with smaller countries. This event, AGOA Private Sector Forum hosted by the Corporate Council on Africa, promises to shed light on the advantages of trading with countries in Africa, fostering valuable connections and opportunities. #TradeAgreements #BoostTrade #AfricanCountries

IFC - International Finance Corporation partners with Bénin Terminal (BT), the largest container terminal in the country, to improve operations at the Port of Cotonou and boost trade in Benin and West Africa. IFC's €20 million financing will enable Bénin Terminal to increase its berthing and storage capacity, thereby stimulating trade in Benin and the region. The Port of Cotonou, where BT is located, is crucial for the country's trade and customs revenue generation, handling the majority of Benin's international trade. It is also a key transit point in West Africa, allowing landlocked countries in the region to export and import goods. The increase in Bénin Terminal's capacity will significantly promote regional trade integration by helping to increase commercial freight volumes and, consequently, improving the economic outcomes of supply chains such as agriculture, commerce, and transportation. Promoting the industrialization of Benin's economy, particularly through the expansion of transport and logistics infrastructure that supports it, is a key aspect of IFC's strategy in Benin. https://lnkd.in/djDwHfDc #IFCAgribusiness

Afreximbank and Caribbean Export have signed an MOU to form a strategic partnership focused on enhancing the capacity of African and Caribbean MSMEs, facilitating knowledge exchange on investment opportunities, and promoting reciprocal trade and investment. This collaboration aims to drive economic growth by empowering businesses and facilitating trade. #Afreximbank #CaribbeanExport #Trade #Investment #EconomicGrowth #MSMEs #Caribbean

Free Trade Area (AfCFTA) is a free trade agreement that aims to boost intra-African trade and Africa's global trading position which established on March 21, 2018 DEC 27, the 5th Awareness creation on coffee export and trade integration, is launched at Jimma, Ethiopia facilitated by #Europea_Union, aiming to connect coffee farmers, exporters, Private exporters, and coffer producers to the international market. #I discussed with stakeholders on CBE products positioning to coffee businesses credit like #export_credit, and #Pre_Shipment_export_credit_facilities with Domestic coffee producers, exporters, and unions on behalf of #Commercial_Bank_ethiopia

With cocoa production down 30% in #CoteDIvoire, and challenges experienced in the signing of the latest Cocobod pre export financing (#PXF), the West Africa’s #cocoa sector provides a clear example of the challenges faced by soft #commodity producers and financiers, and the demonstrable effect of climate change on this crucial sector. Welcoming experts in these fields, this discussion at #GTRWestAfrica in #Lagos on April 16-17 will assess the impact of climate change on the production of various cash crops from cotton to soy and palm oil, highlighting the challenges this poses to those financing production and trade, and the emerging technologies and risk mitigation tools aimed at ensuring financing continues to flow into a sector so critical to Africa’s sustainable development. 💬 Munish Modi (African Industries Group (AIG) 💬 Abiodun Ariyo, MBA, FICA (ProvidusBank) 💬 Ikenna Egbukole (MITSUN GROUP) Highly regarded as the leading #trade and #export finance conference for the West Africa region, join over 400 market leaders from over 200 international and local companies for two days of networking and in-depth discussion. Visit gtreview.com/gtrwestafrica or contact bookings@gtreview.com for more information.

Nigeria has taken a significant leap forward in continental trade. With the launch of preferential trade under the AfCFTA's Guided Trade Initiative, our nation's exports can now reach new markets across Africa. The AfCFTA offers businesses unprecedented access, with up to 90% tariff reduction and expanded market opportunities. However, only selected industries and companies are participating under the GTI, ensuring compliance with AfCFTA's Rules of Origin and testing the market. Click on the link below to read more 👇 👇 https://lnkd.in/dS_bpH6G

On December 4, 2024, the Trade Development Forum, co-hosted by the Government of Rwanda and TradeMark Africa (TMA), concluded its two-day event in Kigali. The forum focused on "Digital Trade," highlighting innovations in digital payments, artificial intelligence, and distributed ledger technology. These advancements aim to streamline trade processes, reduce costs, and support green trade initiatives. The event featured discussions on leveraging technology to improve Africa's trade infrastructure and policy frameworks. It also showcased Rwanda's trade facilitation efforts, including the Kigali dry port and the Rwanda Electronic Single Window, emphasizing their role in promoting regional trade under the African Continental Free Trade Area (AfCFTA). Leaders, policymakers, and trade experts from across Africa attended, reflecting a shared commitment to economic integration and digital transformation in trade. The forum also explored strategies to build on successes in reducing transport times and enhancing export efficiency across the continent. For more details, you can visit TradeMark Africa's official website (https://lnkd.in/dEBjduZi).