Africa Topples Asia, Europe, Us As Africa's Preferred Trade Market

November 18, 2024--African businesses increasingly prefer to trade across the continent's borders over out-of-the-continent markets like Asia, the US, and Europe, due to a rising quality of made-in-Africa goods, lower market prices, and accessibility.

The latest Standard Bank Africa Trade Barometer, which tracks 10 African countries among the 54 signatory nations of the African Continental Free Trade Area Agreement (AfCFTA) shows 37% of the businesses prefer partners based in African markets compared to Asia(24%), Europe(16%) and North America(3%).

South Africa: African Development Bank Country Focus Report highlights urgent need for economic transformation as GDP growth remains subdued

July 4, 2025-African Development Bank calls for strategic reforms to unlock South Africa's $3 trillion capital potential
South Africa's GDP growth declined to 0.6% in 2024 from 0.7% in 2023, underscoring the need for critical action and strategic reforms to unlock the country's vast capital resources and accelerate economic growth, the African Development Bank emphasized in its Country Focus report launched on Wednesday.

Africa's Trade Projected to Hit $1.5 Trillion in 2025

July 1, 2025--Trade is set to expand at an average of 5.1 per cent a year through 2026, before quickening to 5.4 per cent by 2028.

National stock exchange launched in Somalia

June 26, 2025-The National Securities Exchange of Somalia (NSES) held its formal launch on 19 June 2025, according to this report on Xinhua. A coalition of local investors and financial experts established the exchange and it will start by operating as a private, self-regulatory organization, according to a statement issued in Mogadishu. The Central Bank of Somalia has pledged full technical support with the aim of ensuring international best practices are followed.

East Africa's regional 20 share index

June 24, 2025-The National Securities Exchange of Somalia (NSES) is joining the Somali Stock Exchange as a member of the East African Securities Exchanges Association (EASEA), which brings together the exchanges of Kenya, Rwanda, Somalia, Tanzania, Uganda and Ethiopia, as well as Burundi when that exchange will be launched.