African leaders meet amidst global trade tensions

Friday, June 27, 2025 | 20 Views |

Kicking off: Delegates arrive at the Afreximbank Annual Meeting in Abuja, Nigeria PIC: MBONGENI MGUNI

ABUJA, Nigeria: African public and private sector leaders have pledged to redouble their efforts towards inter-continental trade, noting the rising global fragmentation, protectionism and weakening multilateralism.

At least 6,000 delegates from across the continent and the Caribbean are meeting this week in the Nigerian capital, hosted by Afreximbank, the pan-African trade bank with assets exceeding $40 billion.

The annual meeting comes under the shadow of increasing global uncertainty, particularly the blanket tariffs threatened by the United States which could kick off early next month imposing levies of up to 50% on African exports to that country.

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