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Pan-African trade officials just signed a $3.1bn deal to rebuild continental border networks. The African Continental Free Trade Area Secretariat sealed a twenty-year concession with Bergmans Security Consultant and Supplies to digitise customs clearance. Secretary-General Wamkele Mene signed the contract in Abuja to launch the customs modernisation project. Private capital will fund the entire technological…
Africa’s persistent reliance on raw material exports leaves the continent dangerously exposed to global price volatility, geopolitical friction, and supply-chain chaos. The African Export-Import Bank delivered this sobering assessment in its latest Trade and Development Finance Brief. The report details a familiar structural flaw. Most African nations continue to ship out agricultural goods, crude oil,…
The African Export-Import Bank posted a 25 percent increase in net income for the first quarter of 2026 as expanded trade lending outpaced falling global interest rates. Profit for the three months ending March 31 rose to $268.9 million, up from $215.4 million during the same period last year. The Cairo-based multilateral lender attributed the…
The Dangote Petroleum Refinery has commenced large-scale exports of refined fuel to five African nations, marking a shift in West Africa’s energy dynamics. International traders recently moved 12 cargoes totalling 456,000 tonnes of petroleum products to markets in Côte d’Ivoire, Cameroon, Tanzania, Ghana, and Togo. This milestone follows the facility reaching its full processing capacity…
South Africa, Ghana, and Kenya have approached the Dangote Petroleum Refinery to secure emergency fuel contracts as the Middle East energy crisis threatens continental supplies. Bloomberg reported on Friday, 20 March 2026, that Pretoria is seeking a 12-month supply deal to insulate its economy from the fallout of the Iran-Israel conflict. The 650,000-barrel-per-day facility in…
