Who We Are
East West Global Trade LLC is a Management Consulting Company in Minnesota. We are a social enterprise with over 35 years of experience working in the private and public sector across West Africa -helping enterprises achieve business objectives in record time. We provide enterprises in Minnesota and beyond with the expert help they deserve -whether you need to incorporate, deploy, improve performance and more – we can work with you to develop an effective strategy for your business in the region. Call or email us to start the conversation.
West Africa is a great place to invest but without proper and reliable local support, reaching business objectives in record time can be tough. Thanks to our vast network of experts, we can help you make the right decisions and maximize performance. Get in touch to learn more about what we can do for you.
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Is it time for the Africa we want?
Africa is at a critical juncture in its development trajectory. Policies adopted now will determine how quickly the continent accelerates growth and creates prosperity for all. In 2015, African countries signed up to two important development agendas: the global 2030 Sustainable Development Goals (SDG), which aims to leave no one behind as countries develop, and the African Union’s Agenda 2063, which sets out a blueprint for the “Africa we want”. A decade away from the SDG endpoint, African countries continue to search for policy mixes to help accelerate the achievement of these targets. However, for many countries, financing remains the biggest bottleneck with implementing capacity a close second.
Most African countries rely heavily on imports of manufactured and agricultural products, while intra-African trade is concentrated in machinery and transport equipment. Countries need to diversify their production and accelerate their structural transformation to support their industrialization through trade. This would offer opportunities for industrial upgrading, increased exports and foreign reserves and lower debt- service obligations. Africa’s high debt levels, which threaten long-term development, call for improved debt management to avoid the detrimental growth effects that arise from domestic currency and interest rate risks and uncertainties.
Can lion economies make a difference? The nations of West Africa, including Senegal, Guinea, Ivory Coast and Ghana have recently seen a significant growth...
The African Development Bank launched the 2018 edition of its yearly flagship report, the African Economic Outlook (AEO), on Wednesday, January 17, 2018 at its headquarters in Abidjan. As a leading African institution, the Bank is the first to provide headline numbers on Africa’s macroeconomic performance and outlook. The African Economic Outlook bridges a critical knowledge gap on the diverse socio-economic realities of African economies through regular, rigorous, and comparative analysis.Citing data from the Bank’s 2018 African Economic Outlook launched in Abidjan, Côte d’Ivoire, on Wednesday, Adesina said infrastructure projects were among the most profitable investments any society can make as they “significantly contribute to, propel, and sustain a country’s economic growth. Infrastructure, when well managed, provides the financial resources to do everything else.”Noting that economic diversification is key to resolving many of the continent’s difficulties, he urged African governments to encourage a shift toward labour-intensive industries, especially in rural areas where 70 percent of the continent’s population resides.
“Agriculture must be at the forefront of Africa’s industrialization,” he said, adding that integrated power and adequate transport infrastructure would facilitate economic integration, support agricultural value chain development and economies of scale which drive industrialization.He reminded the audience of policy-makers and members of the diplomatic corps in Côte d’Ivoire that economic diversification via industrialization with tangible investment in human capital will enable the continent’s rapidly growing youth population to successfully transition to productive technology-based sectors.
Comparing Business Regulations For Domestic Firms In 190 Economies - World Bank Flagship report...
An economy cannot thrive without a healthy private sector. When local businesses flourish, they create jobs and generate income that can be spent and invested domestically. Any rational government that cares about the economic well-being and advancement of its constituency pays special attention to laws and regulations affecting local small and medium- size enterprises (SMEs). Effective business regulation affords micro and small firms the opportunity to grow, innovate and, when applicable, move from the informal to the formal sector of an economy. Like its 15 predecessors, Doing Business 2019 continues to enable regulators to assess and benchmark their domestic business regulatory environments. Over the past 15 years, no report has illustrated this aphorism better than Doing Business. Anchored in rigorous research and methodology, Doing Business gathers detailed and objective data on 11 areas of business regulation, helping governments diagnose issues in administrative procedures and correct them. The report measures complex regulatory processes by zeroing in on their quantifiable components, which can be contested, compared—over time and across economies—and, ultimately, reformed.
By the end of 2018, there were 185 million unique mobile subscribers in West Africa, an increase of nearly 10 million over the previous year.
Future growth will largely be driven by young consumers owning a mobile phone for the first time; more than 40% of the sub- region’s population are under 18 years old.The young consumer base in West Africa will trigger a profound shift in consumer mobile engagement. In contrast to the voice- centric engagement of older, less digitally adept users, the consumer of the future in the sub-region will use mobile phones for data- centric, non-core communications services, such as online gaming and video streaming. This will have a significant impact on mobile data usage, which is expected to grow seven- fold across the wider Sub-Saharan Africa region by 2024.
Africa's Economic Outlook
Growth prospects vary considerably across countries in the region in 2019 and beyond. Growth is projected to remain strong in non-resource-intensive countries, averaging about 6 percent. As a result, 24 countries, home to about 500 million people, will see per capita income rise faster than the rest of the world. In contrast, growth is expected to move in slow gear in resource-intensive countries (2. percent). 21 countries are projected to have per capita growth lower than the world average. Inflation is expected to ease going forward. While the average sub-Saharan African-wide debt burden is stabilizing, elevated public debt vulnerabilities and low external buffers will continue to limit policy space in several countries. The outlook faces further downside risks including the threat of rising protectionism, a sharp increase in risk premiums or reversal in capital inflows owing to tightening global financial conditions, and a faster-than-anticipated slowdown in China and in the Europe. Regionally, near-term downside risks include climate shocks, intensification of security challenges, and the potential spread of the Ebola outbreak beyond the Democratic Republic of the Congo. In addition, fiscal slippages, including those ahead of elections in some countries, and a lack of reform in key countries could add to deficit and debt pressures in many countries across Africa.