Cape Town — Despite the challenges that the global economic crisis poses to Africa and other developing regions in the southern hemisphere, South-South trade still offers huge opportunities as there is room for growth beyond the current levels.
According to Jean-Louis Ekra, president of the African Export-Import Bank (Afreximbank) - a multilateral organisation that finances and promotes trade with African countries - the potential benefit from South-South trade may offer the same financial gains as trade with richer, Northern countries.
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