As global financial headwinds continue to squeeze emerging markets, Africa’s trade finance gap, estimated at up to $100 billion annually, will once again come under the spotlight. To help close this gap, Afreximbank will host the 25th edition of its flagship Trade Finance Seminar (ATFS2025) in Abidjan from November 4-6, 2025. The discussions will explore…
The European Union’s plan to hike tariffs on steel imported over and above its annual threshold could tip the United Kingdom’s steel industry into its worst crisis in history, industry leaders have warned. On Tuesday, the European Commission proposed that the 27-member bloc would slash its tariff-free steel import quota by 47 percent to 18.3…
JOHANNESBURG, South Africa, Oct 7 2025 (IPS) – The World Bank’s 1981 Berg Report provided the blueprint for structural adjustment, including economic liberalisation in Africa. Urging trade liberalisation, it promised growth from its supposed comparative advantage in agriculture. Berg promises Accelerated Development in Sub-Saharan Africa: A Plan for Action by Professor Elliot Berg blamed government…
Aerial view of Seoul downtown city skyline with vehicle on expressway and bridge cross over Han river in Seoul city, South Korea. Mongkol Chuewong | Moment | Getty Images Asia-Pacific markets were mixed Wednesday, following gains on Wall Street as investors appeared unperturbed by the U.S. government shutdown. Spot gold prices hit a fresh record…
In today’s global economy, trade remains the most significant glue that binds nations together. It is the foundation upon which the prosperity of our interconnected world rests. A single pencil, before it reaches a classroom in Kigali, may have travelled across multiple continents, passing through dozens of supply chains. This simple object illustrates globalisation’s promise:…
African Growth and Opportunity Act has previously been renewed for a decade at a time The African Growth and Opportunity Act (AGOA) is likely to be renewed for one year, Lesotho’s trade minister Mohkheti Shelile told reporters on Wednesday. AGOA has previously been renewed for a decade at a time. AGOA has, since 2001, enabled…
The African Export-Import Bank (Afreximbank) (https://Afreximbank.com) and the International Trade Centre (ITC) have renewed and expanded their memorandum of understanding (MoU), underscoring their commitment to strengthening intra-African trade, small and medium-sized enterprise (SME) competitiveness, and South-South cooperation. The MoU was signed on the sidelines of the recently concluded Intra-African Trade Fair 2025 (IATF2025) by Prof….
Türkiye — THE bilateral trade volume between Türkiye and African countries has risen more than six times over the past two decades, driven by strengthened economic ties and growing cooperation across key sectors. Trade between the two partners reached 32.8 billion US dollars (81tri/-) at the end of last year, up from 5.4 billion US…
President Cyril Ramaphosa. Image: GCIS President Cyril Ramaphosa said on Tuesday that South Africa is in talks with the US trade representative to reduce tariffs levied by US President Donald Trump after telling world leaders that “trade is now being used as a weapon”. The US is South Africa’s second biggest trading partner. Trump in…
Nigeria leads West Africa region to make a significant impact at the Malaysia International Halal Showcase (MIHAS) 2025, organised by the Malaysia External Trade Development Corporation (MATRADE), with 25 buyers from the region participating in the event. Notably, eight buyers are from Nigeria, alongside buyers from Senegal, Mali, and Ghana. The West African delegation reflects…
