Despite having 12 commodity exchanges across participating African countries, only four are currently active.

This is among the findings of a study titled Global Commodity Traders and Competition in African Food Markets, conducted through the African Competition Forum.

Africa must tear down trade barriers, simplify customs procedures and accelerate the movement of people and goods to unlock the continent's economic potential.

The proposed One-Stop Border Post at Oshikango-Santa Clara is aimed at simplifying border procedures, reducing delays, and strengthening trade between Namibia and Angola.

The Southern African Development Community (SADC) has embarked on a capacity-building programme for border officials at various points of entry across the region on the Tripartite Simplified Trade Regime.

The SADC Executive Secretary, Elias Magosi, has hailed the landmark Memorandum of Understanding signed between the AU, regional economic communities and mechanisms.  

SADC member states ratified critical legal frameworks designed to accelerate socio-economic integration and tighten compliance across Southern Africa. 

The 46th Ordinary SADC Summit, which concluded in Durban on Monday, saw intensive, late-night deliberations by regional Heads of State and Government. 

President Netumbo Nandi-Ndaitwah says the SADC region has prioritised critical industrial sectors to curb heavy import reliance and maximise finished product exports. 

Namibia and Uganda are determined to turn decades of political solidarity into trade and investment, as a Ugandan business delegation is scouting opportunities in key economic sectors.

The Ministry of Information and Communication Technology has signed a memorandum of understanding with Botswana's Ministry of Communication and Innovation to strengthen bilateral cooperation.

The 9th Southern African Development Community-SADC Industrial Week has concluded in Durban, South Africa, with the region agreeing to accelerate industrialisation.