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Tag Archives: AfCFTA

UETCL boosts electricity supply to industries at Namanve

But manufacturers want power to come at cheaper price to enhance their competitiveness Kampala, Uganda | JULIUS BUSINGE | Industries operating within Kampala Industrial and Business Park, Namanve, are now receiving reliable, stable, quality and adequate electricity following Uganda Electricity Transmission Company Limited’s bold step to install 189MVA, 132/33kv Namanve …

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Zambia deposits AfCFTA ratification to AU Commission

Addis Ababa, Ethiopia | Xinhua | Zambia has submitted the instruments of ratification of the African Continental Free Trade Area (AfCFTA) agreement to the African Union (AU) Commission. The Southern Africa country deposited its instrument of ratification to the AU Commission through its envoy, making it the 36th AU member to …

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African free trade bloc launches

Opportunities, Challenges, and why full implementation of the historic pact may take years ANALYSIS | THE INDEPENDENT | African countries began officially trading under the new African Continental Free Trade Area (AfCFTA) on Jan.01. It is a flagship project of the African Union’s Agenda 2063 to stimulate intra-African trade. In …

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AfCFTA can position African economies stronger against COVID-19

Addis Ababa , Ethiopia | Xinhua | The African Continental Free Trade Area (AfCFTA) Agreement can potentially position African economies stronger in the face of future global shocks such as the ongoing COVID-19 pandemic, a senior United Nations trade policy expert said on Wednesday. Speaking exclusively to Xinhua, David Luke, Coordinator …

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Africa officially starts trading under AfCFTA

Addis Ababa, Ethiopia | Xinhua | The African continent on Friday started trading under the African Continental Free Trade Area (AfCFTA) Agreement. The AfCFTA, which was launched in March 2018 in the Rwandan capital, Kigali, has so far garnered 54 AU member signatories, offering new hope and continental exhilaration in terms …

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New pan-African trade deal could be the “anti-Brexit” and unleash continent’s united economic potential, report finds

Kampala, Uganda |  THE INDEPENDENT | Khisa Isaac |  Intra-African trade makes up just 20 per cent of economic activity yet holds key to reducing reliance on imports and boosting food security post-COVID, says Malabo Montpellier Panel.  The African Continental Free Trade Area (AfCFTA), due to launch in January 2021, is likely …

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