Dubai’s food, beverage trade with Africa hits 4-year high at US$2.4 billion in 2020

AFRICA – As the world moves closer to achieving a global economy, Africa is fast emerging as one of the most important markets for the United Arab Emirates. Dubai’s food and beverage (F&B) trade with Africa hit a four-year high at US$2.4 billion in 2020, according to a recent analysis by the Dubai Chamber of Commerce and Industry. The value of trade last year, which doesn’t include tobacco, was 18 percent higher compared to the previous year and the highest since 2017. During the five-year period 2015 – 2020, the…

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FAO, AU champion expansion of Africa’s intra-agricultural trade in new AfCFTA framework

AFRICA – The African agricultural and food market is expanding quickly as indicated by World Bank projections that show that the value of the industry is expected to more than triple to reach USD 1 trillion by 2030, compared to 2010. This according to FAO provides an opportunity to not only boost trade in food and non-food agricultural commodities and services within the continent but also enhance food security in Africa. So far regional integration is gaining momentum as evidenced by progress in the creation of customs unions and the…

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