Global commodity prices to drop to six-year low
Faltering economic growth is coinciding with ample oil supply in ways that are expected to drop global commodity…
Trade
Afreximbank launches revolving intra-African oil trade financing program
To address Africa’s persistent reliance on imported refined petroleum products, African Export-Import Bank (Afreximbank) has launched a US$3…
Global economy growth to slow to 2.3% in 2025
The world economy is on a recessionary trajectory, driven by escalating trade tensions and persistent uncertainty, UN Trade…
Canada initiates WTO dispute about US automobiles tariff
Following the recent new tariff introduced by the United States Government, Canada on Monday requested the World Trade…
Canton Fair promotes international exchanges in Europe, Africa
The 137th Canton Fair, set to open next month on April 15 in Guangzhou, China, has wrapped up…
Ethiopia resumes accession negotiations, to conclude next year
The members of the World Trade Organization (WTO) commended on 19 March efforts undertaken by Ethiopia to galvanize…
Ecobank named best trade financer in Africa
Ecobank Group is named as the Best Trade Finance Provider Bank in Africa, at the Global Finance Trade…
Africa told to ease Africans free movement to realize AfCFTA
By ANWAR HUSSEN MOHAMMED – In order to implement African Continental Free Trade Area (AfCFTA), Mr. Antonio Pedro…
Uganda joins Afreximbank’s Fund for Export-Development
Uganda today joined development impact investment arm of African Export-Import Bank (Afreximbank) – Fund for Export-Development in Africa…
Botswana urges African nations to bolster regional trade
Despite its vast resources and production capacity, Africa remains heavily reliant on external markets. This state of affairs…
Africans visa-free movement discussed on sidelines of AU summit
On the sidelines of the 38th African Union Summit, African leaders discussed obstacles to the continent’s economic integration,…
China’s XTransfer, Ecobank to support Africa SME’s foreign trade
XTransfer, the world-leading and China’s B2B Cross-Border Trade Payment Platform, and Ecobank Group, the leading private pan-African financial…
Global services trade growth hits new highs
The World Trade Organization (WTO) says the third quarter of 2024 saw services exports rise by 16 percent…
Developing economies face tougher slog, World Bank says
Developing economies—which fuel 60 percent of global growth—are projected to finish the first quarter of the 21st century…
Africa advised to accelerate intra-continental trade
Africa – rich in critical minerals – is advised to accelerate intra-continental trade and harness its natural resources…
Global trade reaches new high in 2024
Global trade is set to reach a record $33 trillion in 2024, according to the latest Global Trade…
Ministers discuss LAPSSET Corridor program progress
The UN Economic Commission for Africa (ECA), in collaboration with the government of Kenya, recently hosted the fourth…
WTO invites participants to attend annual public forum
The World Trade Organization has invited participants from across the world to attend the annual WTO Public Form…
Afreximbank to double intra-African trade financing to $40 billion
African Export-Import Bank (Afreximbank) (www.Afreximbank.com) plans to double its financing of intra-African trade from US$20 billion in 2021…
Global goods, commercial services trade reaches $30.4 trillion
BY YANET FANTAYE WOGAYEHU – The value of total goods and commercial services trade in 2023, at US$…
Transport conference set to unlock Sub-Saharan Africa’s potential
The Chartered Institute of Logistics and Transport’s branches in South Africa and Zimbabwe have announced their first-ever collaboration…
Annual Africa-Caribbean trade could reach $1.8 billion by 2028
Trade between Africa and the Caribbean could rise to $1.8 billion per year by 2028 if value addition,…
Global trade trends turned positive in the first quarter- UNCTAD
Global trade trends turned positive in the first quarter of 2024, with the value of trade in goods…
WTO, Afreximbank to leverage Africa’s unique resource endowment
Today, African Export-Import Bank signed a Memorandum of Understanding (MoU) with the World Trade Organization (WTO) to amplify…
Somalian President discusses WTO accession, trade for peace program
The Chair of the Working Party on the Accession of Somalia, Ambassador Nina Tornberg of Sweden, met President…
WTO launches prize for gender equality in trade
The International Prize for Gender Equality in Trade of the World Trade Organization (WTO), launched by the Informal…
UNCTAD set to celebrate 60th anniversary
BY YANET FANTAYE WOGAYEHU – The 60th anniversary of UN Trade and Development (UNCTAD) will center on the…
Dubai World Trade Centre economic output reaches about $5 billion
Dubai World Trade Centre (DWTC), a global leader in the events and exhibitions industry, has once again demonstrated…
Cote d’Ivoire joins Arab-Africa Trade Bridges
The Arab Africa Trade Bridges Program (AATB) General Secretariat announced the Republic of Cote d’Ivoire as a new…
South Africa initiates dispute complaint regarding EU citrus fruit
South Africa has requested WTO dispute consultations with the European Union concerning certain aspects of the regime imposed…