you are currently viewing::Africa's Trade Projected to Hit $1.5 Trillion in 2025July 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. Africa's trade projected to hit $1.5 trillion in 2025 as growth momentum builds Africa's intra-and extra-regional trade is on course to reach US$1.5 trillion in 2025, according to fresh forecasts from the International Monetary Fund and Afreximbank, as the continent leverages deeper integration and a steadier commodity backdrop to accelerate economic diversification. 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, comfortably outstripping the global forecast of 3.3 per cent. Source: allafrica.com |
March 30, 2025-AFRICAN Forum and Network on Debt and Development (AFRODAD) Executive Director Jason Braganza has expressed concern over how challenges arising from debt servicing to international monetary facilities by African countries are going unreported due to lack of information and statistics among other challenges.