The recent Uganda decline in exports to the East African Community reported by some media, amounting to $228.19 million lost over the past year, might seem like a setback on paper. But what if this is not a decline at all, but rather a powerful, silent redirection? The truth is that a significant portion of this formal trade has not vanished, but simply slipped into the shadows, shifting from official channels to the vibrant, often necessity-driven, informal market.

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The African Export-Import Bank (Afreximbank) has released its 2025 African Trade Report, a flagship yearly publication of the Bank. The latest edition, titled "African Trade in a Changing Global Financial Architecture," underscores the significant transformation occurring within the global financial and trade landscape, offering an in-depth analysis of macroeconomic conditions, global and African trade developments, commodity market trends, shifts in the financial landscape, with future growth and trade prospects. Furthermore, it provides strategic insights on how Africa can navigate this period of structural change, characterized by geopolitical fragmentation, rising protectionism, volatile capital flows, and an increasing trend toward deglobalization.

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