Sunday, January 17, 2021

Africa’s exports dip by 5.2% in two years

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Africa and the Middle East experienced negative growth in the volume of exports for the past two years.

According to a report titled, ‘Review of Maritime Transport 2020,’ both continents experienced a negative growth of 5.2 per cent in 2020, compared to a negative growth of 3.9 per cent experienced by both regions in 2019.

The report prepared by the United Nations Conference on Trade and Development said the only positive growth recorded by Africa and the Middle East in export volume was in 2018 at one per cent.