Firms Launch Africa Trade Engine to Close $50B Import Gap
TRT Manufacturing and Trade Depot have introduced the Africa Trade Engine to bridge Africa's $50 billion import deficit by enhancing local production and intra-African trade under the AfCFTA. The platform aims to reduce reliance on imports, boost self-sufficiency, and promote regional economic growth.
Co-founders Adam Molai and Kachi Izukann emphasize the initiative's role in advancing sustainability, reducing carbon footprint, and ensuring supply chain resilience. Additionally, a new Africa Index will track brand localization and distribution, promoting transparency and attracting investments.
Plus234Feed summary based on reporting from NairaMetrics. Read the original report below.
Read full article
Continue on NairaMetrics
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Experts Call for Deepening Policy Framework for AfCFTA to Boost African Economy
NEPAD Business Group Nigeria Urges African Private Sector to Harness AfCFTA Potential
Afreximbank Targets $40 Billion to Boost Intra-African Trade and AfCFTA Implementation
Abuja Event Targets $100m Trade Deals to Boost Nigeria's Competitiveness
Nigerian Banks and Telcos Lead African Expansion Under AfCFTA
LCCI and Afreximbank Partner to Boost Nigerian SMEs at IATF2025
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
