Access Bank to drive Africa’s trade ambitions at Cape Town conference

Access Bank is set to play a key role in advancing Africa's trade goals at an upcoming conference in Cape Town. The event highlights the bank's commitment to regional economic integration.

Access Bank, a leading financial institution in Nigeria, plans to spearhead efforts to enhance Africa's trade ambitions during a conference in Cape Town. The initiative underscores the bank's focus on fostering economic growth across the continent through strategic partnerships and policy advocacy. According to reports, the conference will serve as a platform for discussing opportunities in intra-African trade. This aligns with broader goals of economic integration, though specific details on the agenda remain limited in available information. The event is scheduled in Cape Town, a hub for African business gatherings.

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The NEPAD Business Group has urged the inclusion of expertise on the African Continental Free Trade Area (AfCFTA) in ambassadorial appointments. This call aims to strengthen Africa's trade integration efforts. The statement highlights the importance of skilled diplomats in advancing continental economic goals.

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Intra-African trade reached $220.3 billion in 2024, marking a 12.4 percent rise from the prior year. Experts are calling for faster implementation of the African Continental Free Trade Area (AfCFTA), warning that inadequate infrastructure, lingering tariffs, and weak policy coordination could erode its potential gains.

The National Bank of Ethiopia (NBE) has restricted the use of Cash Against Documents (CAD) payment terms for exports to African countries. This policy change was announced on January 10, 2026. The measure could impact Ethiopia's trade arrangements with neighboring nations.

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UN Economic Commission for Africa Executive Secretary Claver Gatete met with Algerian President Abdelmajid Tebboune to strengthen cooperation and identify priorities during his first visit to the country. Tebboune expressed strong intentions to enhance ties with the ECA, focusing on key areas. He emphasized that Africa can achieve extraordinary results in manufacturing and high technology.

 

 

 

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