AfCFTA will facilitate regional trade and investment and boost continental economic integration Luanda, Angola | Xinhua | Secretary General of the African Continental Free Trade Area (AfCFTA) Wamkele Mene said on Monday that Africa will soon have a new trading standard with the development of the organization. Mene made the remarks …
Read More »
Accra, Ghana | XINHUA | The leadership of the African Continental Free Trade Area (AfCFTA) is promoting a Pan-African payment system to facilitate intra-African trade, a top official said. Wamkele Mene, the Secretary-General of AfCFTA told Xinhua in an interview that the Pan-African Payments and Settlement System (PAPSS) would be …
Read More »
Improved efficiency and competition in the Africa markets will be significantly felt and boost development | SHANTEL MUFANDAIDZA | Created by the African Continental Free Trade Agreement in 2018, the African Continental Free Trade Area (AfCFTA) came into effect on January 01, 2021. Since the World Trade Organisation creation, the …
Read More »
Kampala, Uganda | THE INDEPENDENT | The East African Community Council of Ministers has set 1st July 2021 as the date for the inception of the East African Monetary Institute (EAMI). The EAMI is a transitional mechanism to the regional Central Bank that will issue the single currency, planned to be …
Read More »
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 …
Read More »
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 …
Read More »
Recent events show that Africa’s dependence on external sources of finance is no longer sustainable. It is time for the continent to develop its own lending institutions | HANNAH RYDER AND OVIGWE EGUEGU | Amid all the distress of the Covid-19 pandemic in 2020, progress on the African Continental Free …
Read More »
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 …
Read More »
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 …
Read More »
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 …
Read More »
The Independent Uganda: You get the Truth we Pay the Price