Africa trade and investment news

Here are some recent Africa trade and investment news:

Trade Agreements

  1. AfCFTA: The African Continental Free Trade Area (AfCFTA) agreement has been ratified by 34 African countries, with the goal of creating a single market for goods and services across the continent. (Source: African Union)
  2. EU-Africa Trade Agreement: The European Union and the African Union have agreed on a new trade agreement, which aims to increase trade and investment between the two regions. (Source: European Commission)

Investment

  1. Chinese Investment: China has announced plans to invest $60 billion in Africa over the next three years, with a focus on infrastructure development, manufacturing, and agriculture. (Source: Xinhua News Agency)
  2. US Investment: The United States has announced plans to invest $1 billion in Africa over the next five years, with a focus on promoting economic growth, trade, and investment. (Source: US Department of State)

Economic Development

  1. Nigeria's Economy: Nigeria's economy has grown by 2.3% in the first quarter of 2022, driven by a recovery in the oil sector and growth in non-oil sectors such as agriculture and manufacturing. (Source: National Bureau of Statistics)
  2. South Africa's Economy: South Africa's economy has contracted by 0.7% in the first quarter of 2022, due to a decline in mining and manufacturing output. (Source: Statistics South Africa)

Infrastructure Development

  1. Kenya's Standard Gauge Railway: Kenya has launched a new standard gauge railway line, which will connect the port city of Mombasa to the capital city of Nairobi. (Source: Kenya Railways Corporation)
  2. Egypt's Suez Canal Expansion: Egypt has completed the expansion of the Suez Canal, which will increase the canal's capacity and reduce waiting times for ships. (Source: Suez Canal Authority)

Agriculture

  1. African Agricultural Development: The African Development Bank has launched a new initiative to promote agricultural development in Africa, with a focus on increasing food security and reducing poverty. (Source: African Development Bank)
  2. Kenya's Agricultural Sector: Kenya's agricultural sector has grown by 4.5% in 2021, driven by an increase in production of crops such as maize, wheat, and sugarcane. (Source: Kenya National Bureau of Statistics)

Energy

  1. Renewable Energy in Africa: Africa has the potential to generate 1,000 gigawatts of renewable energy by 2050, according to a new report by the International Renewable Energy Agency. (Source: International Renewable Energy Agency)
  2. South Africa's Renewable Energy: South Africa has launched a new renewable energy program, which aims to generate 20% of the country's electricity from renewable sources by 2030. (Source: South African Department of Energy)

These are just a few examples of the many trade and investment news stories coming out of Africa.