American media: Tariff risks prompting Africa to reduce dependence on settlement in US dollars.

On the 26th, Bloomberg reported that the risk of US tariffs is putting pressure on African countries and companies, prompting Africa to accelerate reducing its reliance on the US dollar in trade settlement. The article summarizes as follows: Jeremy Awori, CEO of Pan-African lender IFC Bank, recently stated in an interview that although trade between Africa and the US is relatively small, Africa is still affected by US tariff decisions. The renewal of US trade arrangements with Africa is subject to annual review, bringing new uncertainties to African manufacturers and exporters. Awori stated that the uncertainty of US tariff policies is prompting Africa to reduce its use of the US dollar in trade settlement, with African businesses exploring more the use of their own currency and other foreign currencies. "If we can trade in our own currency, we can reduce the demand for the US dollar." According to official US data, the total non-US trade in 2025 is $83.4 billion. In addition, according to UN data, the intra-Africa trade volume in 2024 is approximately $220 billion, accounting for 15% of total African trade. Awori pointed out that strengthening intra-Africa trade is an important means to counter external geopolitical uncertainties. Regions should enhance trade relations, achieve higher added value, and promote the development of intra-Africa trade.