The Institute of Export & International Trade Africa (IOE&IT Africa) has opened a new office in Nairobi, Kenya, to help enhance trade between UK and Kenya and boost commerce across the continent
Finance
Foreign direct investment flows to Africa fall in 2022
UNCTAD’s World Investment Report 2023 has indicated that foreign direct investment (FDI) flows to Africa declined to US$45bn in 2022 from US$80bn in 2021
DP World partners Standard Bank to expand trade finance in Africa

Access to finance is one of the biggest barriers for businesses seeking global trade opportunities. (Image source: Adobe Stock)
Standard Bank has partnered with DP World to offer trade finance solutions jointly with DP World Trade Finance
Africa projected to be second-fastest growing region

The report forecasts that the continent will consolidate its post-Covid-19 pandemic recovery to 4.3% GDP growth in 2024. (Image source: Adobe Stock)
According to the African Development Bank’s (AfDB) African Economic Outlook 2023 report, Africa is set to be the second-fastest growing region in the world after Asia in 2023-2024
Kenya eyes Singapore as gateway to Asian market

Ruto invited Singapore’s private sector to invest in the African country’s under-exploited transport and logistics sector. (Image source: Office of the President of the Republic of Kenya)
According to President William Ruto, Kenya is considering Singapore’s strategic location in Southeast Asia as a gateway to its products