East African trade was already in decline before the Covid-19 pandemic, warned Tedd George, founder and chief narrative officer at Kleos Advisory
Finance
4G Capital and Citi Collaborate to strengthen financial inclusion in Kenya

This allows small shop owners to maintain minimum stock levels for continuous operation and increase order sizes, boosting their annual revenue. (Image source: Isaac Turay/Pixabay)
4G Capital Group Limited, Citi, the US International Development Finance Corporation (DFC) and the Ford Foundation have collaborated to expand financial inclusion through the provision of working capital to support the growth of micro-enterprises in Kenya
African Union online portal to boost AfCFTA implementation

The portal will allow users to compare trade opportunities in Africa. (Image source: Hella Nijssen/Pixabay)
An online tool designed to help businessmen and businesswomen in Africa understand how best to trade between African countries came a step closer to becoming fully operational in August 2020 as a demonstration version came onstream
Siemens Digital Industries and GIL Automation strengthen automation portfolio in Nigeria

The move will help Nigerian customers to boost their digitalisation strategy. (Image source: Gerd Altmann/Pixabay)
In a move to strengthen its partnership with its automation portfolio in Nigeria, Siemens has appointed GIL Automation, a long-standing partner to Siemens, as a value added reseller in Nigeria
IFC and Union Bank Partner to boost Nigeria’s trade finance

The facility will enable the continued flow of trade credit into the Nigerian market. (Image source: hnijssen/Pixabay)
IFC, a member of the World Bank Group, has announced a finance guarantee facility to Union Bank to boost access to finance for local business, enable increased international trade for Nigeria and help protect the country’s economy from the impact of the COVID-19 pandemic