Tag Archives: AfCFTA

Kampala, Uganda | THE INDEPENDENT | South Africa is concerned that most African countries still consider national interests ahead of regional integration which continues to stifle regional trade and development. According to South African Minister for International Relations and Cooperation Naledi Pandor, this is likely to limit the outcomes of the …

Some reason to cheer, but lots of work ahead | CHRIS CHANGWE NSHIMBI | The European Union (EU) has lived up to the primary reason it was created – ensuring that member states will not wage physical war against one another, but settle their differences amicably. It owes some of …

Kampala, Uganda | ISAAC KHISA | Africa’s multi-lateral lender, African Export-Import Bank has renewed its approval of a US$1 billion facility to operationalise the African Continental Free Trade Agreement Adjustment Funds. The lender also approved a Grant Funding in an amount of US$10 million to seed the Base Fund of …

  Experts say it will help make energy poverty history in Africa by 2030 | THE INDEPENDENT | The East African Crude Oil Pipeline (EACOP) represents a critical solution to making energy poverty history in Africa by 2030, say experts led by says NJ Ayuk, Executive Chairman of the African …

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority must collect 2 trillion shillings in less than 10 days left to the end of the financial year, but the tax body is worried of emerging cross-border conflicts between neighbors. This is one of the challenges that the East African countries are …

Nairobi, Kenya | Xinhua | The African Continental Free Trade Area (AfCFTA) on Tuesday said it will promote the use of local currencies in order to boost trade amongst African countries. Prudence Sebahizi, the Chief Technical Advisor at the AfCFTA Secretariat told journalists in Nairobi, the capital of Kenya that currently …

Accra, Ghana | Xinhua | The African Continental Free Trade Area (AfCFTA) presents Africa with the biggest opportunity for growth and prosperity, Tanzanian President Samia Suluhu Hassan said on Wednesday. Hassan made the remarks during a visit to the AfCFTA secretariat. The trade area presented an opportunity to accelerate intra-African trade …

The bank’s next focus is on delivering on the priorities set under its new strategic plan Kampala, Uganda | ISAAC KHISA | Pan-African multilateral lender, African Export-Import Bank, recorded a 10% growth in profit for the year 2021 to $387.3 million, demonstrating a strong and resilient growth. The inclusion of …

African Continental Free Trade Area (AfCFTA) to stimulate investments, growth and pandemic recovery Nairobi, Kenya | Xinhua | The East African Business Council (EABC), a regional trade lobby, will harness opportunities presented by African Continental Free Trade Area (AfCFTA) to stimulate investments, growth and pandemic recovery, executives said Wednesday at a …

Yvonne Manzi Makolo, CEO of RwandAir, says that the company, now 49% owned by Qatar Airways, is looking beyond the pandemic to exploiting Africa’s huge aviation potential. How has the Covid-19 pandemic affected your expansion plans and your medium- to long-term strategy? We had a lot of momentum in the …