Africa forges a trade future beyond AGOA [Business Africa]
As the African Growth and Opportunity Act (AGOA), a preferential trade agreement with the United States, approaches its conclusion after a one-year extension granted in early February, African governments are preparing for the transition.
As the African Growth and Opportunity Act (AGOA), a preferential trade agreement with the United States, approaches its conclusion after a one-year extension granted in early February, African governments are preparing for the transition.
The impending end of AGOA presents a challenge for African exporters. However, it also offers an opportunity for governments to develop a trade strategy that leverages the African Continental Free Trade Area (AfCFTA), embraces e-commerce, and mitigates geopolitical risks.
In 2025, gold prices surged by 65%, with the upward trend continuing into 2026. Africa, being the largest gold-producing continent, stands to benefit significantly from this price increase. However, the focus has predominantly been on using gold as a foreign exchange earner rather than as a strategic asset.
As the African Growth and Opportunity Act (AGOA), a preferential trade agreement with the United States, approaches its conclusion after a one-year extension granted in early February, African governments are preparing for the transition.
With African cities projected to accommodate 1.5 billion people by 2050, the investment in water and sanitation infrastructure is critical to sustaining urban populations, powering industries, and supporting agriculture. Current underinvestment and inefficiencies result in an estimated annual loss of 5% of GDP in the water sector. The African Union has declared 2026 as the year to advance water security, urging governments to convert awareness into tangible actions.
Based on reporting by Africanews.
