The downgrade has also attracted criticism from the African Peer Review Mechanism (APRM), an arrangement established in 2003 by African Union states to monitor governance performance ANALYSIS | JOHN BASQUILL | The African Export-Import Bank (Afreximbank) has joined a pan-African governance unit in criticising Fitch Ratings’ downgrade to the multilateral development …
Read More »BII and Standard Chartered to bolster East African trade with US$100mn facility
The facility could serve as a model for other similar transactions on the continent Nairobi, Kenya | JOHN BASQUILL | Standard Chartered has agreed a US$100mn facility with British International Investment (BII) to extend trade finance across key sectors of the East African economy, with a focus on economic empowerment for women. …
Read More »Tariff escalation holding back African industrialisation, UN finds
The report finds African governments impose average export tariffs of more than 13% on finished consumer goods, compared to under 4% for primary goods ANALYSIS | JOHN BASQUILL | Tariff structures in developing markets are holding back efforts to add value domestically and export finished goods, limiting firms’ access …
Read More »High growth, low volumes: Africa’s SCF problem
UNCTAD says optimising Africa’s supply chains could bring significant rewards as demand for consumer technology and renewable energy increases Kampala, Uganda | THE INDEPENDENT | The growth rate of Africa’s supply chain finance (SCF) market far outstripped the rest of the world last year, but uptake remains hampered by a lack …
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