African nations are looking towards a prosperous Africa based on inclusive growth and sustainable development. African people want to eradicate poverty by increasing opportunities for youth employment, promoting modern agriculture, climate smart industrialization, leading socially responsible management of natural resources and by participating in the innovation drive promised by science, technology and research to address well documented strategic bottlenecks. This is ...

The Department of Trade and Industry (DTI) is studying the possibility of setting up a trade post in Africa next year. Trade Secretary Ramon Lopez said the DTI wants to tap Africa as a new market for exports. The region offers opportunities for Philippine exports based on information provided to him by the agency’s commercial attache in the Middle East. ...

Africa’s dream of creating a borderless $3.4 trillion market is set to face the litmus test in July next year when the African Continental Free Trade Area (AfCFTA) agreement comes into force. Launched in Kigali, Rwanda, in May this year, the signing of the AfCFTA agreement by all but one of Africa’s 55 countries was a major highlight for the ...

Africa’s progress in economic integration and its championship of multilateralism will further unlock the continent’s potential for economic development and facilitate its march towards prosperity. The launch of the African Continental Free Trade Area (AfCFTA) in July, first and foremost, shows that African nations prefer collaboration to protectionism. The historic agreement paves way for the formation of what could be one ...

It is not a secret that China has recently been actively increasing its influence in the countries of the African continent. China’s interests in Africa become very clear if we take into account the fact that at the beginning of the 21st century, the Chinese economy faced a number of systemic problems associated, first of all, with the excess of ...

Industries in Coimbatore trade and invest in Africa. Also, there is immense scope for expansion in the African continent. It is estimated that Africa will have over 600 million consumers below the age of 30 by 2030. The continent has a land mass capable of producing food for the rest of the planet. In 2018, almost half million people from the ...

The International Trade Centre (ITC) organized under the Partnership for Investment and Growth in Africa (PIGA) project, a dialogue on Ethiopia’s potential to become the next textile and apparel (T&A) supply base for the world. The discussion was organized in collaboration with the Ethiopian Investment Commission (EIC) and the China Chamber of Commerce for Import and Export of Textile and ...

Africa is still heavily dependent on traditional export crops and commodities, reducing the scope for mutually beneficial trade. Yet this paints an excessively simplified view of trends in regional trade. Patterns of trade are changing rapidly. The traditional export market outside the continent of Africa (Europe, the United States and, increasingly, India and China) are of primary commodities, but the ...

The Tánaiste and Minister for Foreign Affairs and Trade, Simon Coveney T.D., and Minister for the Diaspora and International Development, Ciarán Cannon T.D., launched the Government’s new Africa Strategy on 28 November 2019. Building on Ireland’s longstanding engagement with Africa, and as part of the Government’s Global Ireland initiative, this Strategy frames an expansion of Ireland’s diplomatic presence on the ...

Ethiopia, one of the most stable countries in Africa experienced radical transformation and stability after the 2012 peaceful transition of power. As one of the fastest growing economies in the world, Ethiopia’s economy is on a positive growth trajectory and has made significant progress in achieving its development goals. Demeke Atnafu Ambulo, Consul General, Ethiopia gives an insight into the investment opportunities ...