Date: 04 May 2021
Time: 11:30 – 13:00 EAT
Trade is crucial to the development of African economies, but limited trade finance inhibits trading activities and growth. Africa comprises 17% of the global population but accounts for minimal global trade volumes, at just 1.8% of global trade exports, and 2.1% of global trade imports in 2018.1,2 African intra-regional trade is also limited, accounting for only 15% of the total trade on the continent in 2014, compared to 63% within the European region, and at least 50% for Asia and North America. The low intra-regional trade in Africa is because trading activities across the continent are inhibited – for SMEs in particular – by a combination of limited access to trade finance, high export costs, political instability, poor infrastructure and high taxes.
Join us, in collaboration with TradeMark East Africa and Open Capital, as we launch this report that focuses on the trade finance bottleneck in East Africa and the Horn of Africa – applying sector-focus on agriculture, construction and textiles & garments in order to examine demand and supply-side constraints, and identify opportunities to drive uptake.
We shall present the review of the trade finance landscape in East Africa & the Horn of Africa, and discuss the barriers, opportunities & potential interventions to drive uptake.
Download focus notes below.