you are currently viewing::Africa Topples Asia, Europe, Us As Africa's Preferred Trade MarketNovember 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%). Source: allafrica.com |
October 22, 2025-Two out of three African countries have not improved or slipped backwards in their ratings among the 29 countries scored in the 2025 edition of the Absa Africa Financial Markets Index (AFMI), now in its ninth year. However, 10 out of 29 countries increased their overall scores, a slowdown from 2024 when 23 countries increased their scores.
October 21, 2025-The Congo Basin, home to the world's second-largest tropical rainforest, holds immense value for not only the six countries it spans, but for the planet. A new World Bank report reveals the region's forests are not only essential for climate stability and biodiversity, but also a foundation for economic resilience.
October 16, 2025-South Africa is positioning itself as the continent's digital and investment powerhouse, using its economic resilience and advanced infrastructure to attract global capital and drive Africa's growth story.
August 24, 2025--Nigeria has emerged as the largest stablecoin market in Africa, with nearly $22 billion in transactions recorded between July 2023 and June 2024.
August 18, 2025--Key Takeaways
Battery Energy Storage Systems store electricity to stabilize the power grid and provide backup power.
outh Africa dominates Africa's planned battery storage capacity.
The Battery Energy Storage System (BESS) market is currently the fastest growing segment of global battery demand, with y-o-y growth of 53% in 2024, according to Rho Motion's BESS database.