Browsing: African Trade

Logistics and supply chain infrastructure improves trade links across diverse African economies. www.theexchange.africa

Logistics and supply chain infrastructure development impact on Africa

Industry and Trade

The difficulty of transferring commodities throughout Africa is not new to the continent. It is currently a key impediment to the AfCFTA's prospects, especially in building regional industrial supply chain clusters. Africa's massive infrastructure deficit has hindered regional trade and economic integration for decades, notably in transportation and supply chain fragmentation.

Some parts of the continent, specifically areas surrounding East African nations, do far better in cross-border movement and trade. However, most African countries fare poorly on metrics such as cross-border clearance processes. According to the World Bank's Logistics Performance Index, the regions also struggle with trade quality, infrastructure, inconsistent tax regimes, and consignment trace and track techniques.

Digitalisation in Africa's logistics industry will address some of these difficulties. Furthermore, the development of digital logistics startups has aided in the facilitation of connection, which is critical to the movement of commodities within the area and across borders.…

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BRICS nations championing the de-dollarization of international trade.

BRICS Influence: Africa’s position in shifting global economic outlook

Countries

The current large-scale transition of the global economy, principally triggered by the current conflict between Ukraine and Russia as well as the standoff between China and the United States, creates a multipolar world map with new centres of power.

Brazil, Russia, India, China, and South Africa, also known as the BRICS nations, have enhanced industrial and financial might and are pushing for a seat at the global new power axis table. These nations are essential participants in international markets for products, services, and money, having a considerable, sometimes decisive, effect on how the global economy operates.…

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usa

US Election 2020 looking blue: Does this call for celebration in Africa?

Africa

US Election 2020

The US presidential race is in the final stages now. While vote counting is still ongoing, indications at this stage show that voters are leaning towards the blue, Democratic party, candidate Joe Biden both in the popular vote and in the electoral college vote. 

While at this juncture, we will not go into explaining the dynamics of the US electoral system, it’s enough to say that pulling a vote on both fronts is a good indication for the leading party. 

In a move that sounds very much like an African election headline, the American media carried reports that the incumbent president’s campaign team has sued to stop vote-counting in some states such as Michigan and Pennsylvania. The effect of that lawsuit remains to be seen. 

The top job in the USA is a matter not only affecting the citizens of the USA but also the global citizens …

African leaders descend into Dubai for the Global Business Forum Africa

African leaders descend into Dubai for the Global Business Forum Africa 2019

Africa

The United Arab Emirates (UAE) has joined a growing list of countries that are yearning to tap into the numerous opportunities within the African continent as well as boost trade and development. Heads of state, ministers, policymakers, prominent business leaders, investors and entrepreneurs from Africa are descending on Dubai for the two-day Global Business Forum Africa 2019.

Held under theme “Scale-Up Africa”, the fifth edition of the forum is organised by Dubai Chamber of Commerce and Industry (Dubai Chamber) under the patronage of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

GBF Africa 2019 is the largest event of its kind in the region, focusing on Africa’s vast economic potential and exploring new avenues of cooperation between UAE businesses and their African counterparts. Established in 1965, the Dubai Chamber of Commerce & Industry is a non-profit public entity, whose …