South Africa: Standard Bank Launches Its Africa Trade Barometer to Plug Information Gap


The provision of accurate data on trading conditions in sub-Saharan Africa could unblock a $70-billion trade opportunity for companies in the region, as well as investors. Standard Bank has stepped up to fill what it says is an information vacuum.

Economies in sub-Saharan Africa have struggled to regain their growth momentum after Covid-19. The region is not rising, nor collapsing, but it is decelerating, says Dr Albert Zeufack, the World Bank's chief economist for Africa.

In particular the region's three largest economies -- Nigeria, South Africa and Angola -- are experiencing sluggish growth momentum.

Beyond the short-term shocks inflicted by the pandemic and Russia's invasion of Ukraine, reviving Africa's fortunes requires deeper structural changes that will transform subsistence agriculture, support the creation of smart cities and accelerate maths and science education. These objectives seem so Herculean that they often lead to paralysis.

However, recognising that trade is Africa's heartbeat and that stimulating trade would drive economic growth, it's possible to ask a smaller, more targeted question: what can be done to stimulate trade?

One answer, from Standard Bank, is to provide business owners, investors and policymakers with detailed information on trade happening across the region. The result is the inaugural...

AllAfrica publishes around 600 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.