Tag Archives: AfCFTA

Kampala, Uganda | THE INDEPENDENT | Small and medium enterprises have been urged to take advantage of the African market if they are to easily grow their businesses. Speaking at an African Continental Free Trade Area sensitization workshop held at Uganda Manufacturers Association headquarters in Kampala on March 22, John Walugembe, …

Kampala, Uganda | THE INDEPENDENT | Businesses seeking to export goods and services under the Africa Continental Free Trade Area (AfCFTA) arrangement have been advised to embrace technology for high-quality products. AfCFTA, which has a market base of 1.5 billion people, has been touted as a game-changer for economies like Uganda, …

Experts outline ways in which partner states can benefit from the bloc | THE INDEPENDENT | Before COVID-19 hit world economies two years ago, there was optimism that Africa’s flagship project of the African Union’s Agenda 2063, the African Continental Free Trade Area (AfCFTA) would quickly reshape markets across the …

Arusha, Tanzania | THE INDEPENDENT | The East African Community member-countries have agreed on the list of goods on which the countries will remove tariffs when trading with the rest of the continent, under the African Continental Free Trade Area (AfCFTA) in 10 years. The countries adopted the EAC Tariff …

Addis Ababa, Ethiopia | Xinhua | Africa welcomes the “generous offer” China is set to provide members of the African Union (AU) to help augment exports in the coming years, a senior official has said. Wamkele Mene, the secretary-general of the African Continental Free Trade Area (AfCFTA), told Xinhua that …

Central banks to develop their national switches to access payment system and ensure seamlessly transfer funds Africa | THE INDEPENDENT | The African Continental Free Trade Area (AfCFTA) Secretariat, African Export-Import (Afrexim) Bank, and other partners have unveiled the Pan-African Payment and Settlement System (PAPSS) in a bid to boost …

No more begging for foreign financing that only would be awarded if we abandon fossil fuels COMMENT | NJ AYUK | For more than a year, the African Energy Chamber has been pushing back against steadily building pressure to halt new foreign investments in Africa’s oil and gas industry. To …

It is projected that under the AfCFTA, extreme poverty will significantly decline across the continent COMMENT | ZION ADEOYE | Established in 2018, the African Continental Free Trade Area (AfCFTA) represents perhaps Africa’s biggest opportunity for the next few decades in its battle against poverty of all forms; energy and …

Free trading under the auspices of the African Continental Free Trade Area started in January 2021. One year later, several aspects of the trade pact are being successfully implemented as negotiations are ongoing in other areas. Kingsley Ighobor interviewed the Secretary-General of the AfCFTA Secretariat, Wamkele Mene and here are …

Despite the uncertain environment arising from the COVID-19 pandemic situation, IATF 2021 attracted exhibitors from 59 countries, of which 46 were African countries | THE INDEPENDENT | The second Intra-African Trade Fair (IATF 2021) generated a record setting US$42.1 billion in trade and trade-related investment deals, according to the latest …