Africa’s trade outlook brightens amid global challenges, says Afreximbank

Launch of the Africa Trade and Economic Outlook report in Abuja on Wednesday June 25, 2025. PHOTO | COURTESY

Abuja. Africa’s trade performance has rebounded strongly, driven by high commodity prices and a resilient economic environment, but experts warn that more must be done to boost intra-African trade and secure long-term growth.

According to the African Trade Report 2025, launched on Wednesday by the African Export-Import Bank (Afreximbank) during its 32nd annual meetings, total merchandise trade on the continent grew by 13.9 percent in 2024 to reach $1.5 trillion.