Without access to trade finance the goal of developing intra-African trade cannot be achieved.
“In Africa we need to think big like China. We have too many tiny little airlines trying to make money operating on their own.”
Short-term losses will be outweighed by long-term gains for countries participating in the Continental Free Trade Area, says the coordinator of the African Trade Policy Centre.
As demand for raw materials rises, African governments are looking to negotiate more profitable arrangements with mining companies.
Sudan has been trying to shed its reputation as an international pariah, and the results are starting to show.
Early moves by Ethiopia’s new prime minister suggest that conciliation could replace confrontation in East Africa’s largest economy.