The Namibia Trade Forum (NTF) has cautioned that more work needs to be done for Namibia to fully realise the opportunities presented within the African Continental Free Trade Area (AfCFTA). This comes after Namibia exported its first consignment under the programme, shipping 45 000 tonnes of salt to Nigeria. While the achievement has been lauded,…
Abuja — Trade is set to expand at an average of 5.1 per cent a year through 2026, before quickening to 5.4 per cent by 2028 Africa’s trade projected to hit $1.5 trillion in 2025 as growth momentum builds Africa’s intra- and extra-regional trade is on course to reach US$1.5 trillion in 2025, according to…
Newly elected president of the Board of African Export-Import Bank (Afreximbank), Dr. George Elombi, has hinted of plans to lead the bank to change the structure of African trade with a focus on developing the continent to favourably compete with other continents. The president said his key priorities will be to “change the structure of…
President Donald Trump on Friday said the United States is immediately “terminating ALL discussions on Trade with Canada” in response to Ottawa’s decision to impose a digital services tax on American tech firms. Trump’s surprise announcement on Truth Social accused Canada of “copying the European Union” with the “egregious” tax. “We will let Canada know…
Abuja, Nigeria — Africa’s persistent trade finance gap–now estimated at over $420 billion–poses a critical threat to the continent’s industrial ambitions, job creation, and sustainable economic transformation. But the African Export-Import Bank (Afreximbank) is proposing a comprehensive solution to close this gap and build a more sovereign, resilient, and inclusive African financial ecosystem. The Bank’s…
Addis Ababa, — The top U.S. diplomat for Africa dismissed claims of unfair trade practices on Tuesday. Amid rising concerns about U.S. trade policies, the top U.S. diplomat for Africa, Ambassador Troy Fitrell, addressed allegations of unfair practices at the U.S.-Africa Business Summit. Ambassador Fitrell said funding delays would not jeopardize a key railway project…
Iran and Israel have exchanged a barrage of missiles after the United States bombed key Iranian nuclear sites, dramatically escalating tensions in the Middle East. Iran on Sunday launched two volleys of 27 missiles, targeting Israel’s main Ben Gurion airport near Tel Aviv, research facilities, and command centres, an Iranian state news agency reported. Air…
Trade Link CEO Ahmed Laher A lot goes on behind the scenes when major South African retailers modernise or migrate their IT systems. For key implementation partners like Trade Link, planning and preparation can start years before the project begins. Trade Link, a specialist in retail IT systems, supports over 50% of leading FMCG retailers…
Addis Ababa — President of African Export-Import Bank (Afreximbank), Professor Benedict Oramah addressed the implications of shifting global trade policies, including the reintroduction of reciprocal tariffs by the U.S., noting that such developments further validate the urgency of fast-tracking the African Continental Free Trade Area (AfCFTA). In a powerful exchange moderated by Michael Rheinegger of…
Addis Ababa, — Leaders of some of the world’s biggest economic powers have gathered in the Canadian Rockies for a Group of Seven summit, overshadowed by an escalating conflict between Israel and Iran as well as U.S. President Donald Trump’s unresolved trade war. Israel’s strikes on Iran and Tehran’s retaliation, which appeared to catch many…
