Africa's 2 largest trade partners, SA and Nigeria, strengthen ties

Africa's 2 largest trade partners, SA and Nigeria, strengthen ties

- South Africa and Nigeria came to an agreement to strengthen their trade alliance

- The 2 countries make up Africa's biggest trading partners

- President Cyril Ramaphosa met with his counterpart President Muhammadu Buhari in Pretoria and confirmed that several key factors were identified to increase economic growth

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Africa's biggest trading partners came to an agreement to increase their alliance even further.

South Africa and Nigeria signed numerous accords on Thursday, which will aid Mzansi to explore West African markets.

Nigeria will benefit with the new agreement as it will assist them to further diversify its economy.

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Bloomberg reported on the press briefing between President Cyril Ramaphosa and President Muhammadu Buhari.

President Ramaphosa confirmed that they identified several key sectors which would be focused on to enhance economic growth.

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Ramaphosa explained, “These sectors include roads, rail infrastructure, mining, manufacturing and agro-processing.”

Briefly.co.za understands that the trade flows between the two nations amounted to $4.48 billion in 2018.

At the briefing, Ramaphosa also expressed his remorse regarding the xenophobic issues within South Africa.

Briefly.co.za reported that Buhari visited South Africa and the two leaders discussed the issue.

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Source: Briefly.co.za

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