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 […]
The Third Edition of the U.S – East Africa Trade and Investment Summit Slated for March 2023
The third edition of the AmCham Business Summit – the premier U.S. – East Africa trade and investment forum – will be held on 29-30 March 2023, in Nairobi, Kenya. The Summit will provide a strategic platform for enhancing two-way trade and investment between the United States and the East Africa region. The Summit will […]
KRA to set up Kenya-Ethiopia one-stop border post in Turkana
What you need to know: The Kenya Revenue Authority (KRA) is seeking 50 acres of land from the Turkana County Government to put up a new One-Stop Border Post between the country and Ethiopia in a bid to stem revenue losses and smuggling of counterfeits. Through the Border Control and Operation Coordination Committee (BCOCC), the […]
TradeMark Africa, Tony Blair Institute, and Trade Catalyst Africa to Jointly Support Trade Development Across Africa
Nairobi, 28th February 2023: Leading aid for trade organisation TradeMark Africa -TMA (formerly TradeMark East Africa), global Government advisory organisation Tony Blair Institute (TBI) and catalytic fund Trade Catalyst Africa (TCA – a subsidiary of TMA), have today signed a Memorandum of Understanding (MoU), to closely collaborate in trade facilitation and trade finance in order to grow […]
Automation of the World’s Biggest Black Tea Auction for Export delivers results one year on
[vc_row equal_height=”yes” content_placement=”top”][vc_column width=”1/2″][vc_column_text]EATTA’s Integrated Tea Trading System (iTTS) which automated the manual trade processes along the tea value chain for traders using the Mombasa Tea Auction has improved efficiency and transparency resulting to reduced costs and time of trading for tea traders, evaluations show. The system is funded by the Danish Ministry of Foreign […]
