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AfDB approves $50m trade facility to accelerate SME growth in Ethiopia

Bunmi Bailey

AfDB approves $50 million trade finance guarantee for Ethiopia’s Awash Bank to boost SME and intra-Africa trade

Nigeria gains wider UK trade access amid $1bn export dip

Amarachi Orjiude-Ndibe

Aerial view of a major international seaport with large container cranes, numerous shipping containers, and cargo ships anchored offshore.

South Africa seeks US tariff delay, offers LNG deal to avoid 30% hike

Amarachi Orjiude-Ndibe

Aerial view of a major international seaport with large container cranes, numerous shipping containers, and cargo ships anchored offshore.

Namibia joins Africa’s $3.4trn free trade zone with first export to Nigeria

Amarachi Orjiude-Ndibe

A cargo ship loaded with various sizes of freight containers, with the Namibian flag superimposed on the image symbolising trade

Saudi, Germany listed as top buyers as Ethiopia records historic $1.8bn coffee export

Cyrus Ademola

The African Development Bank (AfDB) has approved a $50m trade finance guarantee for Ethiopia’s Awash Bank to boost support for SMEs and local corporates. The facility aims to boost intra-African trade under the AfCFTA framework.

The United Kingdom (UK) has expanded Nigeria’s preferential trade access, offering duty-free entry and reduced tariffs on over 3,000 products, following a $1 billion drop in UK imports from the West African nation in 2024.

South Africa is seeking an extension to US President Donald Trump’s 90-day tariff pause, aiming to avoid a 30% hike as it negotiates a new trade deal that includes LNG supply.

Namibia has entered Africa’s $3.4 trillion free trade zone with a 45,000 tonne salt shipment to Nigeria—its first under the AfCFTA—highlighting modest gains amid a sluggish and uneven rollout across the continent.

East African country, Ethiopia, has reportedly recorded a historic increase in coffee export amounting to over $1.8 billion.

Top stories

AfDB approves $50m trade facility to accelerate SME growth in Ethiopia

AfDB approves $50m trade facility to accelerate SME growth in Ethiopia

AfDB has approved a $50 million Trade Finance Transaction Guarantee Facility for Awash Bank, one of Ethiopia’s largest private lenders, as part of its ongoing efforts to expand access to trade finance for SMEs and local corporates.

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Nigeria gains wider UK trade access amid $1bn export dip

Nigeria gains wider UK trade access amid $1bn export dip

The UK is the second major economy, after China, to move to deepen trade ties with African nations amid a global trade war sparked by U.S. President Donald Trump’s sweeping tariffs announced on April 1.

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South Africa seeks US tariff delay, offers LNG deal to avoid 30% hike

South Africa seeks US tariff delay, offers LNG deal to avoid 30% hike

As a fallback plan, Pretoria is willing to accept a maximum tariff of 10% if exemptions are not granted, its trade ministry revealed.

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Namibia joins Africa’s $3.4trn free trade zone with first export to Nigeria

Namibia joins Africa’s $3.4trn free trade zone with first export to Nigeria

According to the World Bank, the AfCFTA has the potential of becoming the world’s largest trade area, connecting 1.3 billion people across 54 countries into a single market valued at $3.4 trillion. But progress remains slow due to uneven implementation.

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Saudi, Germany listed as top buyers as Ethiopia records historic $1.8bn coffee export

Saudi, Germany listed as top buyers as Ethiopia records historic $1.8bn coffee export

East African powerhouse, Ethiopia, has reportedly recorded a historic increase in coffee export amounting to over $1.8 billion.

Follow the story

The African Development Bank (AfDB) has approved a $50m trade finance guarantee for Ethiopia’s Awash Bank to boost support for SMEs and local corporates. The facility aims to boost intra-African trade under the AfCFTA framework.

The United Kingdom (UK) has expanded Nigeria’s preferential trade access, offering duty-free entry and reduced tariffs on over 3,000 products, following a $1 billion drop in UK imports from the West African nation in 2024.

South Africa is seeking an extension to US President Donald Trump’s 90-day tariff pause, aiming to avoid a 30% hike as it negotiates a new trade deal that includes LNG supply.

Namibia has entered Africa’s $3.4 trillion free trade zone with a 45,000 tonne salt shipment to Nigeria—its first under the AfCFTA—highlighting modest gains amid a sluggish and uneven rollout across the continent.

East African country, Ethiopia, has reportedly recorded a historic increase in coffee export amounting to over $1.8 billion.

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