After hitting Africa’s largest economy with a trade shock, the U.S. moves to block Chinese and Russian influence with a $625 million deal in Egypt

Business Insider AfricaAwogbemila Temitope · 5 November 2026 at 06:55

In Africa, the U.S. is cutting trade benefits for some partners while signing major investment agreements with others. After moving to end South Africa’s duty-free access to the U.S. market, Washington has recently signed a five-year economic agreement with Egypt worth $625 million.

This story was written and published by Business Insider Africa. Business.co.za shows its headline and teaser from the publisher’s RSS feed and links to the original.