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Informal trade and dynamics of African trade in the wake of Covid-19 key The African Trade Report, produced annually by the African Export-Import Bank (Afreximbank), will be launched on 15th December 2020. This year’s report focuses on Informal Cross-Border Trade (ICBT) and provides ground-breaking insights into the scale, composition and approaches to informal cross-border trade in Africa. It is estimated that the formalisation of informal cross border trade could potentially increase official trade numbers by between 30-50%, depending on the region. « ICBT has been a key contributor to job creation, income growth and household consumption, as well as to the development of competitive cross-border regional value chains » explained Professor Benedict Oramah, President of Afreximbank, while emphasizing the importance of ICBT to the continent’s economies.

Hippolyte fofackBenedict oramahDavid lukeKolawole sofolaGerald masilaGodwin emefieleUn economic commission for africaAfrica grain councilBank afreximbankGovernor of the central bankAfrican trade policy centreInternational trade centreAfrican trade reportAfrican export import bankInformal cross border tradeProfessor benedict oramah