The African Union is planning to create a task force developing common policy for African governments on commodities.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


It would also implement a continental strategy for making commodities a source for sustainable growth rather than price instability and dependence. The idea was debated at an AU commodities seminar, at its headquarters in Addis Ababa, Ethiopia.


It also heard and supported plans to create regional commodity exchanges aimed at “redressing some of the imbalances against Africa in the exiting international commodity markets”. Elizabeth Tankeu, AU commissioner for trade and industry, said “commodities (should) serve as effective instruments for the achievement of rapid and sustainable economic growth”.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now