Finance · South Africa
Africa’s Growth in Services Offers Trade and Business Opportunities
Moneyweb · 2026/01/20
Summary
Global trade is currently slowing down, which affects many countries including those in Africa. However, Africa shows strong potential for growth, especially in the services sector. This could help African countries not only trade more with the world but also improve their economic connections within the continent. Experts highlight that increasing trade between African nations can create new business opportunities, help small businesses grow, and support economic development. The focus on services such as finance, telecommunications, and transport provides fresh avenues for countries to diversify their economies and reduce reliance on traditional goods exports. Africa’s growing integration offers hope for more stable and sustainable economic progress, despite the challenges from global trade trends.
OnABudget takeaway: For South Africans, this means more opportunities for local businesses to expand regionally and access new markets, while investors might find promising sectors to grow their funds. Consumers could benefit from better services and more competitive prices as the services market grows.