By Oke Peter
Trade-enabling infrastructure across African markets is showing broad improvement, while business confidence and macroeconomic stability are strengthening across the continent.
This is according to Issue 5 of the Standard Bank Africa Trade Barometer (ATB), which covers: Angola, Ghana, Kenya, Mozambique, Namibia, Nigeria, South Africa, Tanzania, Uganda and Zambia.
“Across the 10 markets we surveyed, firms reported improvements across every major infrastructure category, including power, telecommunications, road, rail, ports and digital border systems. This marks the first time since the Standard Bank Africa Trade Barometer’s launch that all infrastructure indicators have improved simultaneously, reflecting growing investment in logistics capacity and digital trade facilitation across the continent”, says Philip Myburgh, Head of Trade for Business and Commercial Banking at Standard Bank Group.
“Together, these 10 markets account for 68% of Sub‑Saharan Africa’s GDP, and the shifts highlighted in Issue 5 of ATB point to a more positive outlook for cross‑border commerce on the continent.”
Tags:
Standard Bank Africa Trade Barometer
