The agricultural sector in African countries presents a key market for Uzbek fertilisers and machinery. Egypt and South Africa, as technologically advanced economies in Africa, offer diversified trade opportunities for Uzbekistan’s industrial and agricultural products. Context AnalysisThe varying economic development across African countries, many of which are members of the World Trade Organisation (WTO) and the African Continental Free Trade Area (AfCFTA), facilitates trade agreements and business partnerships. With diverse resources ranging from oil and gas in Algeria and Nigeria to minerals and diamonds in Namibia and Botswana, African countries present a lucrative market for Uzbek mining equipment. Conclusion/Recommendations for InvestorsFor investors, the burgeoning economic cooperation between Uzbekistan and African countries presents diverse opportunities.

Source: The North Africa Journal July 29, 2024 06:30 UTC