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4.1K views · 95 reactions | President Ruto has urged state leaders to embrace the Afrexim bank to enhance trade and facilitate payments in the region | Standard Digital | Facebook
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The African Export-Import Bank (Afrexim) has warned of rising inflation and interest rates across Africa in 2024 due to attacks on ships in the Red Sea disrupting global trade. According to the report, the impact on Africa is uneven, with traffic through Egypt's Suez Canal decreasing and South Africa's ports facing increased pressure from rerouted vessels. Joachim MacEbong, a policy analyst, joined us on Business Edge to discuss how this situation will impact Africa. | News Central TV | Facebook
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