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Regional challenges are leading to greater diversification strategies, with 46% of African executives surveyed opting to diversify their supplier base globally, while only 16% are regionalising. Despite ongoing trade challenges, Africa’s focus on regional integration through the African Continental Free Trade Agreement (AfCFTA), along with proactive global engagement offer a roadmap to sustainable growth, according […]
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India’s trade with Africa has grown significantly in recent years, making India one of the continent’s most important economic partners. In 2023, bilateral trade reached USD $103 billion, positioning India as Africa’s third-largest trading partner after the European Union (EU) and China. This represents a significant jump from just USD $7.2 billion in 2001. India […]
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The African Continental Free Trade Area (AfCFTA) is set to play a transformative role in the development of Africa’s energy sector, providing the framework needed to enhance intra-African trade, attract investment, and boost regional energy integration. By creating the world’s largest free trade area by number of countries, the AfCFTA is unlocking new opportunities for the continent’s renewable energy and natural […]
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Africa is emerging as a global hub for manufacturing, with the continent’s industrial corridors providing unprecedented opportunities for investment and economic growth. As governments prioritise industrialisation and the creation of sustainable supply chains, Africa’s manufacturing sector is poised to become a driving force in the continent’s economic transformation. To further explore these opportunities, the upcoming Manufacturing Indaba will bring together industry leaders, policymakers, and […]
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Transformative change is underway in the African automotive industry as trade begins under the African Continental Free Trade Area (AfCFTA). The continent’s auto industry, valued at $30.44 billion in 2021, is expected to grow to $42.06 billion by 2027 — a nearly 40% increase in value. According to a new report by the World Economic Forum, AfCFTA: A […]
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The Infrastructure Africa Business Forum, set to take place at the CTICC in Cape Town, South Africa, on the 16 – 17 July 2024, will delve into critical discussions on the development of Africa’s infrastructure, with a spotlight on the pivotal role of Development Finance Institutions (DFIs). This year’s forum aims to foster collaboration and innovation […]
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The African Continental Free Trade Area (AfCFTA) represents a landmark achievement in the pursuit of economic integration across Africa. As the continent navigates the path to restoring economic growth, connecting African countries and optimizing the AfCFTA are crucial steps toward realizing the full potential of this ambitious trade agreement. Economic Integration for Sustainable Growth The […]
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African countries need to trade in value-added and intermediate goods with each other and the rest of the world in order to address the continent’s developmental challenges. Platforms like the African Continental Free Trade Area ( AfCFTA) must also be used to strengthen value chains across various sectors. These are some of the points that […]
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By Zoleka Lisa, Vice President: Corporate Affairs, South African Breweries As we commemorate Africa Month, it’s imperative to recognise the pivotal role of the beer industry in propelling the continent’s economic growth, particularly through initiatives like the African Continental Free Trade Area (AfCFTA). Amidst global economic challenges, Africa stands resilient, poised to outperform established economies […]
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Bill Blackie, CEO: Business & Commercial Banking at Standard Bank Group Africa is often characterised as a continent poised for economic growth and development. Often, prosperity and development in Africa can be linked back to exports and the benefits that they generate. This brings to the forefront the African Growth and Opportunity Act (AGOA) and […]
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