EU, China, and India drove half of Africa’s trade in 2023, U.S. influence waning

With the United States representing a comparatively smaller share, some analysts suggest African economies may be less exposed to the policy uncertainties stemming from shifts in U.S. foreign and trade policy. Economist Dr. Daouda Sembene, founder of the advisory firm AfriCatalyst, highlights this as a potential buffer for African markets navigating global volatility.