Trade Catalyst Africa appoints inaugural CEO to lead mobilisation of finance for trade infrastructure development and trade finance access
Nairobi, 3 July 2023: Trade Catalyst Africa (TCA), a wholly owned commercial subsidiary of leading African aid-for-trade organisation, TradeMark Africa (TMA), has appointed Mr. Duncan Onyango as its inaugural Chief Executive Officer. Duncan, an Oxford-educated investment executive with over two decades of management experience, will assume his new role on 3 July 2023. He joins TCA […]
Scaling Tech Businesses in Africa as a Single Market
With a population projected to reach over2.5 billion by 2050and currently the world’s youngest with a median age of 19, Africa presents a growing market of tech-savvy consumers with 570 million internet users and a smartphone penetration of 64%, according to a GSMA survey. This creates a rapidly growing opportunity for tech businesses to unify the continent through […]
Africa’s merchandise trade expands 20.9pc8
African countries saw merchandise trade expanding by 20.9 percent in 2022, above the world’s average of 12 percent, according to the 2023 edition of the African Trade Report (ATR2023) launched recently by the African Export-Import Bank’s (Afreximbank). According to the report, the continent’s GDP grew by 3.9 percent despite facing multiple headwinds. Launching the ATR2023 […]
AfDB backs Tinubu over forex rate unification – THE NATION
African Development Bank (AfDB) yesterday in Abuja commended the President Tinubu administration for unifying the naira exchange rate saying it would breath air of transparency into the foreign exchange (forex) market. Its President, Dr Akinwumi Adesina, spoke in Abuja at the 2nd Edition of Nigeria Employers’ Summit, the unification of the exchange rate was a […]
New strategy set to boost e-commerce in West Africa
With support from UNCTAD, the Economic Community of West African States has developed a regional e-commerce strategy to diversify economies and create jobs The Council of Ministers of the Economic Community of West African States (ECOWAS) endorsed a regional e-commerce strategy for the organization’s 15 member nations on 7 July. The strategy will boost e-commerce […]
