The International Finance Corporation claims that commodity price increases is more severe in African nations

The International Finance Corporation claims that commodity price increases is more severe in African nations Although food is a basic human need, not everyone has access to it. On a continent the size of Africa, food security is still a major problem that affects millions of people in various ways throughout its member states. Insider Business Africa shows which African nations were most severely affected by food inflation in February. Africa’s most afflicted countries continue to experience substantial national food price inflation. The World Bank is the source of this…

Because additional nations are trading outside of Africa, the AfCFTA is unable to increase Africa’s contribution to world trade above 3%

Because additional nations are trading outside of Africa, the AfCFTA is unable to increase Africa’s contribution to world trade above 3% Africa continues to participate in less than 3% of world commerce, with merchandise trade accounting for the majority of this involvement in 2023, according to a report by the Economic Commission for Africa (ECA) on the evaluation of regional integration efforts in Africa.  Even though the AfCFTA agreement was formally launched in 2021, intra-African commerce has not improved as anticipated. Instead of interacting among themselves, African nations still trade…