Tag Archives: AfCFTA

AfCFTA is the flagship program of Agenda 2063 of the African Union. It aims to boost intra-African trade in goods and services Addis Ababa, Ethiopia | Xinhua | Africa cannot afford failing to implement the African Continental Free Trade Area (AfCFTA), a senior official of the African Union Commission (AUC) …

Addis Ababa, Ethiopia | Xinhua | The implementation of the African Continental Free Trade Area (AfCFTA) agreement should be expedited as the free trade zone will boost intra-African trade and accelerate industrialization, the UN Economic Commission for Africa (ECA) Acting Executive Secretary Antonio Pedro has said. “While the AfCFTA’s promise is …

The near-term macroeconomic outlook foresees sustained recovery driving GDP growth from 4.7% in FY 2021/22 to 5.5% in financial year Kampala, Uganda | THE INDEPENDENT | As the shock of the COVID-19 pandemic recedes, Uganda is returning to its pre-pandemic path to growth, with economic recovery boosted by the strong performance …

To achieve the aspirations of the AfCFTA, Africa’s industrialization and transformation agenda need to be supported at the highest national, regional, continental and global levels Addis Ababa, Ethiopia | Xinhua | The African Union (AU) has called on African countries to mutually reinforce the African Continental Free Trade Area (AfCFTA) Agreement …

Accra, Ghana | Xinhua | The African Continental Free Trade Area (AfCFTA) secretariat based in Accra, the capital of Ghana, late Friday launched a guided trade initiative for seven member countries. The seven countries which have signaled their readiness to start trading under AfCFTA were Tanzania, Mauritania, Kenya, Egypt, Cameroon, Rwanda, …

Kenyan banks dominate the ranking taking 10 slots but also performing poorly in the Top 100 banks in Africa | THE INDEPENDENT | Stanbic and dfcu banks are the only Ugandan banks that have appeared in the East African Top 20 banks despite banks recovering from the impact of the …

Accra, Ghana | Xinhua | Ghana launched its African Continental Free Trade Area (AfCFTA) hub Monday to increase local participation in the continent-wide free trade and facilitate businesses. “The AfCFTA hub is the principal tool for aligning Ghana’s own wide-ranging digitalization policy with the various opportunities presented by AfCFTA,” said Minister …

Full implementation of the African Continental Free Trade Agreement (AfCFTA) could increase FDI by up to 159%, with positive impacts for trade and incomes | CHARLES DIETZ | Reforms set in motion by the implementation of the African Continental Free Trade Area (AfCFTA) could lead to a rise in foreign direct …

  Finally becomes 7th partner State Kampala, Uganda | RONALD MUSOKE | On July 11, the Democratic Republic of Congo officially became the seventh member of the East African Community after depositing the ‘instrument of ratification’ with the East African Community Secretary General at the bloc’s headquarters in Arusha, Tanzania. …

Addis Ababa, Ethiopia | Xinhua | Experts have called on African countries to expedite the local manufacturing of pharmaceutical products amid the continent’s dependence on externally manufactured medicines. The experts made the call during a virtual meeting hosted by the UN Economic Commission for Africa (UNECA)’s AfCFTA(African Continental Free Trade Area)-anchored …