Trade
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in Short
Intra-African Trade : drops to $190.9 billion in 2023
According to Afreximbank, intra-African trade fell to $190.9 billion in 2023, accounting for 14.4% of total African trade, down from 14.7%…
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in Short
Ethiopia : record exports in 2024/25
Ethiopia generated $2.6 billion in export revenue during the first five months of FY 2024/25, exceeding the $1.8 billion target.…
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Trade : Africa, the only continent on the rise globally
According to the WTO, Africa was the only continent to record trade growth in 2023, despite a 1.1% global decline.…
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in Short
Libya : joining Afreximbank to strengthen African economic integration
Libya has officially joined Afreximbank, becoming its 53rd member. This strategic move aims to support the country’s reconstruction and economic…
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Gulf : exponential growth of trade with Africa
Gulf nations have strengthened their economic ties with Africa, with trade reaching $121 billion in 2023, more than double the…
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Nigeria : $1.95 billion exports to ECOWAS in Q3 2024
According to the NBS, Nigeria’s exports to ECOWAS reached ₦1.54 trillion ($1.95 billion) in Q3 2024, led by petroleum oils…
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in Short
DRC: Upcoming launch of the Kinshasa Mercantile Exchange
President Félix-Antoine Tshisekedi has announced the imminent launch of the Kinshasa Mercantile Exchange, a $650 million project over 10 years.…
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Nigeria: Agreements with France to Boost Infrastructure and Food Security
Nigeria and France signed two significant agreements during President Bola Tinubu’s state visit to Paris. These agreements include a €300…
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Nigeria-France: A historic state visit to strengthen ties
President Bola Tinubu will visit France on November 28-29, 2024, marking the first state visit by a Nigerian leader since…
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in Short
Regional Integration : AfDB has invested $55 billion over the past decade
Over the past decade, the African Development Bank (AfDB) has invested $55 billion to enhance regional connectivity in Africa. Key…
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