Browsing: how automotive sector can boost intra-africa trade

Africa’s automotive market size is expected to grow from 1,325.89 thousand units in 2023 to 1,777.69 thousand units by 2028, at a CAGR of 6.04 per cent, during the forecast period between 2023 and 2028. According to a recent report by the Globe Newswire, the market is expected to reach the pre-Covid demand rates from customer industries only in the second half of 2023. This is because the African automotive market was severely affected by the Covid -19 pandemic.…

• Four feasible value chains, namely pharmaceuticals, cars, cotton apparel and baby food, could drive intra-Africa trade
• A new report said the four areas link at least five African countries from different regions and have the potential to add value, reduce imports, lift trade and diversify economies for women and youth
• Despite the potential, several challenges stand in the way of using the four areas to boost intra-Africa trade, including lack of trust in product quality 

New research has shortlisted four feasible value chains that could drive intra-Africa trade out of more than 415 possibilities.

According to the ‘Made by Africa: creating value through integration’ report, the four areas are pharmaceuticals, cars, cotton apparel and baby food.

What can Africa do to boost the value of intra-Africa trade?

The report said the four areas link at least five African countries from different regions and have the potential to add value, reduce …