Intra-Africa trade up despite weak global demand: Afreximbank

NASSAU, The Bahamas- The value of intra-African trade expanded by 2,3% last year to US$189,3 billion on the back of the implementation of the African Continental Free Trade Area (AfCFTA) despite a weak global demand,  a new report has shown,

Experts say the growth in the value of intra-African trade value will galvanise countries on the continent to trade among themselves, seen as a shock absorber to the challenging global environment which has seen escalating geopolitical tensions and slow growth.

According to the Trade and Economic Outlook Report 2024 released by pan African bank, Afreximbank,  the growth in the value of intra-African trade was from US$185,1 billion in 2022.

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