Zambia’s candidate for the African Development Bank presidency, Samuel Maimbo, says the new United States (US) tariffs highlight the urgent need for African countries to strengthen trade among themselves.
US president Donald Trump has announced sweeping tariffs on almost all countries including those in Africa, with a baseline 10% tariff on exports to the US and much higher rates for some nations.
Lesotho faces a 50% levy, while South Africa and Namibia are among those hit with tariffs above 10%. These measures end years of duty-free access for many African products under the African Growth and Opportunity Act.
Maimbo, while visiting Namibia, on Tuesday said the first shock is painful but it shows how important it is for African countries to increase trade with each other.
He pointed to the African Continental Free Trade Agreement as a key tool, adding, “If ever there was a wake-up call to speed up this agreement, this is it.”
Despite the challenges, Maimbo sees a positive future for Africa’s relationship with the US.
“I believe there is strong potential for cooperation and growth,” he said.
He encouraged African leaders to focus on building a private sector led economy and stronger partnerships globally.
“Africa must act fast to boost internal trade and seize new opportunities in a changing world.”
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