The International Chamber of Commerce (ICC) and Africa investor (Ai) are joining forces to launch a digitally empowered eTrade initiative to enable the digitisation of five million micro-, small-, and medium-sized enterprises (SMEs) in Africa. Announced at the second Africa investor Global Trade Organization Leaders’ Summit by ICC Secretary General
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Ghana Aviation Signs Agreement To Deploy Freight Drones For Trade Facilitation
The Ghana Aviation Ministry has signed a Memorandum of Understanding (MoU) with the International Freight Drone (IFD) organisation to deploy freight drone technology in the coming years to facilitate the timely movement of goods within the country. IFD is expected to deploy freight drones that are capable of carrying 10-tons
Opportunities for Africa Entrepreneurs in New funding challenge
The challenge seeks Africa innovators and entrepreneurs who have compelling solutions to challenges affecting the continent’s Intra Africa trade. African Innovators have an opportunity to get funding for their Ideas through the new Africa Continental Free Trade Area (AfCFTA) Vision Challenge. The challenge seeks Africa innovators and entrepreneurs who have
Development banks pledge to align trade finance with SDGs but skirt around fossil fuels
In a new statement, development banks have pledged to reorientate their trade finance activities to help achieve the UN’s sustainable development goals (SDGs). However, they have avoided hard transition targets for fossil fuel financing, and some institutions, notably those in Asia, chose not to commit at all. The declaration, signed
Africa is already connected NOT by Facebook and Google
In the midst of the pandemic, Facebook (and partners) announced 2Africa a new subsea cable. About the same time last year, Google also announced a subsea cable called Equaino. Both cables have been presented as (better) connecting Africa to the world – that is factually inaccurate. The diagrams below by
Mapped: The Top Export in Every Country
Today, exports make up roughly 25% of total global production. One of the common influences on these exports, unsurprisingly, is oil. In fact, petroleum is the top export across over 50 nations, and along with many other resource-driven materials makes up a sizable share of the global export market. Since 2000, the
e-Conomy Africa 2020 – Africa’s $180 Billion Internet Economy Future
Africa’s Internet economy is transforming development on the continent by fostering economic opportunities, creating jobs, and providing innovative solutions to complex challenges, like access to healthcare, education, and finance. The e-Conomy Africa 2020 report, a unique collaboration between IFC and Google, sheds light on the great potential of Africa’s Internet
