Category: Trade

It costs more to ship from Lagos port to Accra than from Spain to Lagos – Dangote

Mr Mohammed

Africa’s richest man, Aliko Dangote, has said it is often more expensive to ship goods from Lagos to Accra than from Spain to Nigeria. Aliko Dangote says that shipping within Africa, such as from Lagos to Accra, is often more expensive than shipping from Europe to Africa. He points to structural barriers like weak transport systems and fragmented trade corridors as obstacles to intra-African commerce and economic integration. His Dangote Group operates in 17 African countries, dominating cement production and expanding with significant investments in cement, oil refining, and fertiliser…

Championing   Regional Transit Guarantee Scheme in ECOWAS….Afreximbank Urges Nigeria

Mr Mohammed

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has urged Nigeria to champion the implementation of an effective regional transit guarantee scheme under the new transit regulation endorsed by the Economic Community of West African States (ECOWAS). Delivering a keynote address at the inaugural session of the Customs Partnership for African Cooperation in Trade (Customs PACT) held in Abuja, Nigeria, from 17 to 19 November, Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development, Afreximbank, highlighted the challenges imposed by the current interstate road transit regime in the region. Key among…

Afreximbank renews partnership with African Association of Automotive Manufacturers (AAAM) to promote industrialisation of Africa’s automotive sector

Mr Mohammed

The African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has renewed its memorandum of understanding (MoU) with the African Association of Automotive Manufacturers, harmonising efforts to promote Intra-African trade and investment in the continent’s automotive sector says and official statement issued in Algiers,Tuesday. The MoU,it said, was signed on the sidelines of the recently concluded Intra-African Trade Fair 2025 (IATF2025) in Algiers, Algeria by Dr. Gainmore Zanamwe, the Director of Trade Facilitation and Investment Promotion at Afreximbank, and Ms. Martina Biene, President of AAAM. Its key pillars,the statement noted, are regional automotive value…