There is an urgent need for financing to reenergize Africa’s trade in the wake of the COVID-19 pandemic, according to the latest trade finance report released jointly by the African Development Bank and the African Export-Import Bank. According to the report, only 40% of Africa’s trade is bank-intermediated – a
AfricaPLC | News Contributor
Trade Finance in Africa: Trends Over the Past Decade and Opportunities Ahead
This report is the third in the “Trade Finance in Africa” research series. It uses a standardized survey of commercial banks to provide a comprehensive study of the trade finance landscape in Africa for the nine years leading up to 2019. The aim is to provide data that set a
Can Agriculture replace Oil in Nigeria?
Over the years, Nigerians have clamored for a diversified economy, that is not over-reliant on crude oil. Recently there have been several talks about agriculture being on the front-burner of our exports. But the reality is that there is a gulf in difference between the revenue agriculture can bring in
Rules of origin key to success of AfCTA
The protocol of trade in goods is comprised of 32 articles and nine annexes in the Africa Continent Free Trade Agreement (AfCFTA). Annex 2 of the protocol of trade in goods focuses on rules of origins and is complemented by various appendixes. These mentioned instruments pertain to movement of goods
Excess and Obsolete Inventory Is Killing Your Business – 9 Ways You Can Survive
Amongst the big issues killing any business valuation is the volume of inventory at hand that is placed as excess and obsolete. Excess and obsolete inventory is the outcome from several problems that ensue due to “a series of unplanned proceedings”, and often extends to many functions. For a typical business, the
Local, Italian companies partner up to establish food retail chain in Egypt
CAIRO – 13 September 2020: Chairman of the Internal Trade Development Agency Ibrahim Ashmawi attended on Sunday the signing of an MoU between the Egyptian company GRG and the Italian Sopria Holding Company. The latter is the owner of Crai Retail Modeling working in the sector of food processing retail.
PM Abiy Inaugurates Commercial Factory for Covid-19 Testing Kits
Addis Abeba September 13/2020 (ENA)Prime Minister Abiy Ahmed has inaugurated the factory of commercial production of Covid-19 Polymerase Chain Reaction (PCR) diagnostic testing kits both for domestic and export market. The factory was built in Bolle Lemi industrial park in collaboration with the government of Ethiopia and the Chinese Company,
