Africa’s total exports will reach $952 billion by 2035, says ‘Future of Trade: Africa’ report published by the Standard Chartered, that also points to the East Africa-South Asia corridor as one of the most promising trade route. West Africa will also benefit from links to South Asia as it sees trade grow by 6.1% per annum. “Most of Africa’s total exports will be driven by trade with the rest of the world, dominated by commodity exports. With India as one of the most rapidly growing major economies, corridors between Africa and South Asia are expected to grow the fastest,” the report says. Meanwhile, Africa’s exports to India have increased remarkably since the year 2000, surging more than 11-fold.

Source: The North Africa Journal October 17, 2023 11:18 UTC