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Africa urged to seize global trade upheaval to drive industrialisation, says Afreximbank
ZA🏛️ Politics7 days ago

Africa urged to seize global trade upheaval to drive industrialisation, says Afreximbank

The African Export-Import Bank (Afreximbank) released the African Trade Report 2026, urging Africa to leverage global trade disruptions and geopolitical tensions as opportunities to transition from exporting raw materials to becoming a major manufacturing and industrial hub. The report highlights that Africa’s real GDP growth rose from 3.4% in 2024 to 4.5% in 2025, outperforming global growth amid challenges like trade disputes and slowing advanced economies. Intra-African trade increased by 5.5% to $213.8 billion, showing improved regional integration. The report emphasizes that Africa is shifting toward trading more manufactured goods internally, unlike traditional export patterns dominated by raw commodities. It warns that global disruptions, such as conflicts and protectionist policies, have exposed weaknesses in global supply chains, reinforcing the need for Africa to strengthen its industrial base.

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IOL (Independent Online) logoIOL (Independent Online)Party-alignedCenter7 days ago
Africa urged to seize global trade upheaval to drive industrialisation, says Afreximbank

The African Export-Import Bank (Afreximbank) released the African Trade Report 2026, urging Africa to leverage global trade disruptions and geopolitical tensions as opportunities to transition from exporting raw materials to becoming a major manufacturing and industrial hub. The report highlights that Africa’s real GDP growth rose from 3.4% in 2024 to 4.5% in 2025, outperforming global growth amid challenges like trade disputes and slowing advanced economies. Intra-African trade increased by 5.5% to $213.8 billion, showing improved regional integration. The report emphasizes that Africa is shifting toward trading more manufactured goods internally, unlike traditional export patterns dominated by raw commodities. It warns that global disruptions, such as conflicts and protectionist policies, have exposed weaknesses in global supply chains, reinforcing the need for Africa to strengthen its industrial base.

Bias read (Center): The article presents Afreximbank's findings and recommendations as objective data-driven insights rather than taking a clear ideological stance. While the report advocates for Africa's industrialization, it does not overtly favor any specific political ideology or party. The framing remains balanced

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