Strategic investment in Africa’s ports accelerates growth
Africa needs to take advantage of the economic potential of its ports and shipping sector if it is to realise its growth ambitions. Globally, ports are gateways for 80% of merchandise trade…
UN agency applauds Africa free trade area deal signing
The United Nations Economic Commission for Africa (UNECA) applauds the signing of the African Continental Free Trade Area (CFTA) in Kigali, Rwanda.
Ethiopia secures $1.6 billion additional revenue capturing fake invoices
By Andualem Sisay Gessesse – China and the United Arab Emirates (UAE) are the major sources of fake invoices importers in Ethiopia are using, says Ethiopian Revenue and Customs Authority (ERCA).
African Export-Import Bank finds partner to finance intra-Africa trade
African Export-Import Bank (Afreximbank) signed a $100-Million agreement and a EUR 50-Million Murabaha agreement with a partner aiming to facilitate and finance exports amongst African countries and between Africa and the rest…
Africa’s trade balance deteriorates
Africa’s trade balance has been deteriorating over the past five years from a surplus of $24 billion in 2012 to a deficit of $154.9 billion.
International trade fair highlights Djibouti’s role in regional trade
With the aim of strengthening the role of Djibouti in the regional trade, the 110 years old Chamber of Commerce of Djibouti hosted ‘Djibouti the gateway to Africa’, its first international trade…
Djibouti cut port service fee for Ethiopia
By Andualem Sisay Gessesse – Djibouti, December 6, 2017 – The new Duraleh Multi-purpose Port of Djibouti, which began operation six months ago today announced up to 45% discount for freight forwarders who process shipment of…
African Development Bank calls for improved air connectivity
The African Development Bank (AfDB) has called for bold actions to improve connectivity, market access, and cost reduction in Africa’s aviation sector.
UK to double trade support for Ethiopia
The UK has doubled the amount of export finance it is making available to support UK-Ethiopia bilateral trade, the British International Trade Secretary, Dr Liam Fox has announced.
RENEW invests in logistics, e-commerce in Ethiopia
Members of RENEW’s Impact Angel Network (IAN) are set to invest in the burgeoning logistics and e-commerce industries in Ethiopia.
Trade liberalization should go with enhanced production, UN agency says
Trade liberalization without enhanced production is a recipe for disaster, Economic Commission for Africa (ECA) Southern Africa regional director Said Adejumobi has observed.
Africa advised to avoid grants, aid
African countries should lay far less emphasis on grants and aid in order to pull themselves out of poverty, Dr. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), said in New…
Afreximbank Develops African Trade Centers
The African Export-Import Bank (Afreximbank) has embarked on a concept to transform its buildings into iconic business complexes with integrated one-stop trade services shop, the President, Dr. Benedict Oramah, announced in Harare today.
African trade bank provides 50 million Euro to Loukil Group of Tunisia
The African Export-Import Bank (Afreximbank) has initiated its first–ever intervention in Tunisia with a 50-million Euro Global Trade Facility in favor of Loukil Group of Tunisia.