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AfCFTA

TradeMark Africa raising $700M to power green, digital trade

Industry and Trade
  • TradeMark Africa (TMA) seeks a further reduction of trade costs while increasing efficiency in an expanded Pan-African market. 
  • TMA goal is to increase Africa’s share of exports as a percentage of global trade by 4 percent. It also wants the value of its exports to the rest of the world raised from $500 billion to $650 billion. 
  • The seven-year plan dubbed Strategy 3 is anchored on the implementation of the African Continental Free Trade Area (AfCFTA). 

As part of its 2023-230 strategy, TradeMark Africa (TMA) is raising $700 million for its green and digital trade initiatives across the African continent. The move follows over 13 years of the organisation’s support in trade facilitation initiatives across East Africa, Southern Africa and the Horn of Africa.

Over the seven-year period, TMA seeks to contribute to a further reduction of trade costs and increase efficiency in an expanded Pan-African region. 

TradeMark Africa eyeing

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