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Tag: Intra-continental Trade

Intra-African Trade Surges as Local Markets Gain Preference Over Global Partners

November 19, 2024
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| Africa, Business News

Africa Surpasses Asia and Europe as Preferred Trade Market By Elizabeth Antidius Shumbusho | Africa Guardian Africa’s intra-continental trade is gaining momentum, driven by easier cross-border transactions, improved quality of locally made goods, and more competitive pricing compared to markets in Asia, the US, and Europe. According to the latest Africa Trade Barometer, African businesses are increasingly opting to…

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Ruto urges African leaders to accelerate realisation of AfCFTA agreement

October 28, 2023
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| News

President William Ruto has called on African leaders to accelerate the realisation of the Africa Continental Free Trade Area (AfCFTA) agreement. The President said AfCFTA will increase intra-Africa trade thereby creating jobs and wealth for the people. President Ruto noted that Visa restrictions between African countries and tariffs are unnecessary hindrances to trade. “It is time we realise the…

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Africa is set to welcome the idea of borderless trade within the continent

September 26, 2023
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| Business News

・AFRAC Summit in Nairobi, Kenya initiates discussions on creating a borderless trade zone in Africa. ・Kenya’s Ministry of Investment, Trade, and Industry seeks solutions to expand African industry beyond its current 3% global share. ・Kenya’s investment and export goals include raising manufacturing GDP contribution and increasing exports to 30% of GDP by 2025 Discussions to establish Africa as a…

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Africa needs to focus on agri-business — Forum

June 1, 2023
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| Agribusiness, News

By Morkporkpor Anku Accra, May 29, GNA – The seventh African Leadership Forum (ALF) has ended in Accra with participants urging African countries to focus on agri-business rather than agriculture. The Forum said agri-business encompassed agriculture and required a multifaceted approach across multiple stakeholders, including ministries beyond that of agriculture. Climate change. Dr Emmanuel Maliti, an Economist, iReview Limited, presenting…

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Kikwete calls for repositioning agriculture to unlock Africa’s intra-trade

May 26, 2023
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| Agribusiness, News Update

Accra. Delegates at the Africa Leadership Forum (ALF) have urged African countries to refocus on how to build a stronger supply value chain for agriculture on the grounds that the sector occupies the best opportunity to grow the highly needed intra-trade. Leaders and other participants noted that Africa is endowed with adequate arable land to contribute substantially to the…

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See reason why Tanzania is set to overtake Kenya as East Africa’s second largest economy

April 17, 2023
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| Economy

As presently constructed, Kenya stands as East Africa’s second largest economy in terms of overall GDP, second only to Ethiopia. However, Kenya’s spot as the subcontinent’s second largest economy could change within the next decade owing to the rate at which East Africa’s 3rd largest economy, Tanzania is growing. This prediction is based on a report issued by the…

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