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Ecobank Malawi has unveiled what is called Ecobank Single Market Trade Hub as part of its commitment to promoting intra-African trade.
Source: https://mwnation.com/ecobank-malawi-moves-topromote-intra-africa-trade/
In 2021, intra-African trade accounted for just 17% of African exports, which was low compared to 59% for Asia and 68% for Europe, according to the World Economic Forum (WEF).
Many companies credit their success in Africa to leveraging macroeconomic trends, anticipating the positive impact of the AfCFTA and focusing on the key enablers that facilitate increased intra-African trade.
Source: https://www.africa.com/case-studies-strategising-for-a-new-era-of-african-trade/
“Through GTI, we intend to bridge the information gap, streamline processes, foster collaboration, and unlock the full potential of intra-African trade,’’ the minister said.
Source: https://leadership.ng/federal-govt-to-unlock-intra-african-trade-potential/
Tlou emphasised that 60 years after the establishment of the OAU and the African Union, intra-African trade is abysmally low at 16%.
Source: https://punchng.com/africa-to-earn-over-58bn-devt-aid-through-afcfta/