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Afreximbank’s $11bn bet on SA signals new trade order

Mzwandile Masina
Mzwandile Masina

South Africa’s recent accession to the African Export-Import Bank (Afreximbank) Establishment Treaty as its 54th sovereign member unlocks broad continental coverage for the bank, whilst placing one of Africa’s leading economies, responsible for nearly 19.1% of the continent’s total trade in 2024, at the strategic core of transforming Africa’s trade architecture.

South Africa’s membership is expected to influence economies far beyond the Southern African region, extending into East, West, and North Africa.

Afreximbank’s headline commitment of $11 billion not only aligns with South Africa’s National Development Plan 2030 but also reinforces the country’s commitment to advancing African industrial development.

Editor's Comment
Consult, get buy-ins first for 6 to 6 policy, Hon Minister

While the minister is of the view that the proposal would have significant positive economic impact, the entertainment industry players believe otherwise. The issue has over the weeks become a hot potato. But what is of essence right now is that the country needs liberal ideas to move in the right direction While opening up the economy may sound quite interesting to the ear, rolling out extended trading hours through pilot programmes without...

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