{"id":20811,"date":"2022-06-08T15:06:49","date_gmt":"2022-06-08T15:06:49","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/standard-bank-launches-first-ever-biannual-african-trade-index"},"modified":"2022-06-08T15:10:24","modified_gmt":"2022-06-08T15:10:24","slug":"standard-bank-launches-first-ever-biannual-african-trade-index","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/standard-bank-launches-first-ever-biannual-african-trade-index","title":{"rendered":"Standard Bank launches first-ever biannual African trade index"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>This morning Standard Bank has launched their first Africa Trade Barometer. The barometer is expected to become Africa\u2019s leading trade index.<\/p>\n

Present in 20 African markets and supporting trade activities in many more, Standard Bank enjoys a uniquely privileged view of Africa, \u201cespecially its rapidly emerging enterprises heavily focused on domestic, cross-border and global trade,\u201d said Philip Myburgh, Head of Trade and Africa-China at Standard Bank.<\/p>\n

Trade is deeply rooted in Africa\u2019s DNA and integral to its history and future development. As such, Myburgh believes Africa\u2019s largest bank by assets and so single-mindedly committed to Africa\u2019s growth has a duty to \u201cleverage its privileged position, presence and insight to intelligently inform and grow the continent\u2019s trade ecosystem.\u201d<\/p>\n

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 considerable opportunity for Africa\u2019s small, medium, and larger domestic businesses.<\/p>\n

Short-term challenges also demand closer coordination.<\/p>\n

Current geopolitical volatility only highlights the importance of cross-border and regional African trade. Food inflation in Africa as well as outright shortages of African staples like wheat underline the urgency of building much closer economic cooperation across the continent. Trade offers Africa the opportunity to offset supply chain shocks while managing the worst effects of inflation, high interest rates and currency depreciation.<\/p>\n

\u201cSince insight is key to leveraging trade to build resilience, our Africa Trade Barometer couldn\u2019t be launching at a better time,\u201d added Myburgh.<\/p>\n

In a world of disrupted local and global supply chains \u2013 and on a continent with significant development and infrastructural challenges \u2013 businesses face a daunting array of both new and perennial risks. Understanding and resolving pain points as businesses leverage trade to drive growth in this complex risk and opportunity landscape, requires insight \u2013 ideally informed by an on-the-ground presence and proven capability across the continent.<\/p>\n

Standard Bank\u2019s Africa Trade Barometer will focus initially on Angola, Ghana, Kenya, Mozambique, Namibia, Nigeria, South Africa, Uganda, Tanzania and Zambia. The Barometer, which aims to publish twice a year, currently shares comparative data on trade openness, access to finance, macroeconomic stability, infrastructure, foreign trade, governance, economy and trade finance behaviour. Qualitative and quantitative intelligence gathered from 2 400 firms representing SMEs, large family businesses, corporates and multinationals across all 10 economies is analysed and then augmented with third-party sources including the World Bank, International Trade Center, and individual country central banks.<\/p>\n

The result \u201cpresents one of the most comprehensive views of actual trade as experienced on the ground by real African businesses,\u201d said Myburgh. Trends and analysis gleaned will also provide insight into the broader regions that the 10 study markets represent.<\/p>\n

This unique view of African trade will provide a valuable resource for businesspeople, students, governments, NGOs and investors considering the continent \u2013 as well as African entrepreneurs \u2013 to assess and leverage Africa\u2019s considerable trade opportunity, currently estimated in the region of USD 70 billion annually.<\/p>\n

\u201cWe expect the Africa Trade Barometer to become the leading index of African trade trends, activities and developments as Africa\u2019s small, medium and large businesses define the continent\u2019s next stage of domestic growth and regional and global expansion,\u201d concludes Myburgh.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. This morning Standard Bank has launched their first Africa Trade Barometer. The barometer is expected to become Africa\u2019s leading trade index. Present in 20 African markets and supporting trade activities in many more, Standard Bank enjoys a uniquely privileged view of Africa, \u201cespecially its rapidly emerging enterprises heavily focused on domestic, cross-border […]<\/p>\n","protected":false},"author":84,"featured_media":20810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-20811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nStandard Bank launches first-ever biannual African trade index - Mozambique<\/title>\n<meta name=\"description\" content=\"This morning Standard Bank has launched their first Africa Trade Barometer. 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