Standard Bank has launched Africa Trade Barometer, which is expected to become Africa’s leading trade index.
The index will focus initially on Angola, Ghana, Kenya, Mozambique, Namibia, Nigeria, South Africa, Uganda, Tanzania, and Zambia.
“Over the long term, rapidly growing markets in East and West Africa and the re-emergence of global growth post-Covid-19, currently combine with the broadly ratified African Continental Free Trade Area (AfCFTA) to present a considerable opportunity for Africa’s small, medium, and larger domestic businesses,” Standard Bank discloses.
The Barometer aims to publish twice a year, and currently shares comparative data on trade openness, access to finance, macroeconomic stability, infrastructure, foreign trade, governance, economy, and trade finance behaviour.
The Africa Trade Barometer is aimed at providing a source of reliable data and insights on African markets and economies for businesses and entrepreneurs as well as business people, students, governments, NGOs, and investors considering the continent.
“We expect the Africa Trade Barometer to become the leading index of African trade trends, activities and developments as Africa’s small, medium and large businesses define the continent’s next stage of domestic growth and regional and global expansion,” Philip Myburgh, Head of Trade and Africa-China at Standard Bank says.
“In a world of disrupted local and global supply chains — and on a continent with significant development and infrastructural challenges — businesses face an array of both new and perennial risks. Understanding and resolving pain points in this landscape requires insight.”
The first edition of the Africa Trade Barometer can be downloaded as a PDF here.
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