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This week, Dr. Ngozi Okonjo-Iweala sat down with CNN’s Christiane Amanpour at the network’s first Global Perspectives event in London to discuss the big picture on global trade before zeroing in on Africa. The Nigerian economist and World Trade Organization (WTO) director-general called the ripple effect of Trump administration tariffs “the greatest disruption in trade in 80 years.” She also said […]
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Eastern Africa stands out as a beacon of resilience in global trade. While many regions grapple with tariffs and uncertainty, countries like Kenya, Ethiopia, and the Democratic Republic of Congo are ramping up exports, driven by smart shifts in markets and soaring commodity values. This surge highlights the continent’s dynamic potential and sets a path […]
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Commodities play a crucial role in global trade, serving as the backbone of many economies. Africa, with its rich natural resources, has emerged as a significant player in the global commodity market. Commodities are raw materials or primary agricultural products that can be bought and sold, typically in large quantities. They include items such as […]
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Global trade expected to contract by 9.2% this year, having fallen by 2.9% in 2019 Africa’s share of global trade was 2.7% in 2019, below the 4% figure of the 1970s. Informal cross-border trade which is a key component of intra-African trade is wide-spread in its composition. The African Trade Report estimates that in Eastern […]
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Mark Rose, Nedbank Business Banking Executive Head: Strategy and New Business Development. When the first reports of Covid-19 surfaced in China, initial concern from businesses in South Africa was muted. With only previous epidemics to go on and no indication that this would be any worse than those in recent history, initial reports suggested that […]
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