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Tag Archives: AfCFTA

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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AU chair urges Africa to prepare to implement AfCFTA

Johannesburg, S.A. | Xinhua | The African Union (AU) chairperson Cyril Ramaphosa on Thursday called on the continent’s Regional Economic Communities (RECs) to prepare to start trading under the African Continental Free Trade Area (AfCFTA) agreement effective from Jan. 1, 2021. Ramaphosa made the remarks in his closing address at …

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Kenya’s exports to EAC surpass pre-COVID-19 period

Nairobi, Kenya | Xinhua | Kenya’s exports to countries in East African Community (EAC) have surpassed the pre-COVID-19 period, with the pandemic seemingly catalyzing trade. The exports to Uganda, Tanzania and Rwanda recovered from May, sustaining an upward trajectory to August, new economic data from government statistics agency released on …

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Digital trade is next big thing in Africa

Interview with Wamkele Mene, Secretary General, African Continental Free Trade Area Secretariat (AfCFTA) Wamkele Mene was recently appointed Secretary General of the African Continental Free Trade Area Secretariat. Because of COVID-19, free trade for countries that have ratified the agreement did not begin, as planned, on 1 July 2020. In …

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AfCFTA gets permanent home in Accra

Can world’s biggest trade bloc wean Africa off expensive aid? Kampala, Uganda | RONALD MUSOKE | On Aug.17, Nana Akufo-Addo, the Ghanaian president, launched the Permanent Secretariat of the African Continental Free Trade Area (AfCFTA) four months ahead of the day African countries are expected to start trading in goods …

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