Afreximbank to boost African trade with $90bn trade support over the next 5 years.
For former director-general of the WTO, Pascal Lamy, globalisation is far from being a spent force, and Africa has a real role to play in it.
With Africa accounting for just 1% of Singapore’s global trade, the country’s minister of state for trade and industry says there is much room for improvement.
Barack Obama reiterated his calls for stronger commercial ties in one of his final speeches on Africa policy.
Faced with its worst drought in decades, Ethiopia has had to import food aid, causing a bottleneck of ships unable to unload all-important cargos at the port city of Djibouti.
Post-Brexit Britain’s need to secure new economic relationships could benefit African countries, but may also bring challenges.
“One can only hope that the African private sector voice will be heard loud and clear.”
A development-focused Nairobi package could set the stage for work on key issues affecting the WTO.
As sanctions against Iran are lifted, South Africa is at the forefront of countries looking to resume relations.
Despite some hurdles, AGOA will continue to allow sub-Saharan Africa duty-free access to the US market.