African businesses favour intra-continental trade over global markets

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Over the next 12 months, the TradeConnect initiative aims to mobilise and transport 1000 containers of diverse goods worth US $ 1.2 million across the continent.

African businesses increasingly prefer to trade across the continent’s borders over out-of-the-continent markets like Asia, the US, and Europe, due to the rising quality of made-in-Africa goods, lower market prices, and accessibility.

The latest Standard Bank Africa Trade Barometer, which tracks 10 African countries among…



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