AfCFTA

The AfCFTA’s progressive journey through a busy 2019

When asked what single word can best describe the African Continental Free Trade Area agreement’s journey through 2019, Carl Oshodi, the Executive Director of Nigeria’s Africa Industrialisation Group, said; “progressive.” Moreover, the year’s activities in the...

Friday, January 3, 2020 - 12:07am

AfCFTA is on a good track – Obasanjo

The African Union Commission and the Coalition for Dialogue on Africa (CoDA) recently brought business associations from across the continent together to share perspectives on a wide range of issues relating to increasing the participation and contribution of the African private sector in AfCFTA...

Sunday, December 22, 2019 - 12:25am

AfCFTA to have short-term impact on tax revenue for most countries – report

The African Continental Free Trade Area’s short-term impact on tax revenue will be small for most countries, a new report says. The report, presented to African trade ministers and senior trade officials in Accra, Ghana, ahead of its official launch, says tariff revenues would decline by...

Thursday, December 19, 2019 - 12:17am

Report: AfCFTA has potential to lift 30 million people out of extreme poverty

The African Continental Free Trade Area (AfCFTA) has the potential to lift 30 million people out of extreme poverty but achieving its full potential will depend on putting in place significant policy reforms and trade facilitation measures, a new report says. The tentative World Bank report...

Wednesday, December 18, 2019 - 3:33pm

Calls grow for more Africans to adopt open border policy

 Nigeria, Africa's biggest economy in terms of nominal GDP, announced it will start issuing visa on arrival to travelers from all African countries, dropping the requirement that they must apply in advance. Integration and trade policy experts and members of the civil society have...

Saturday, December 14, 2019 - 10:32am

AfCFTA is in its operational phase, so what’s next?

The African Continent Free Trade Area (AfCFTA), which was launched in 2018 is currently in its operational phase and is soon set to commence implementation.  With the agreement, countries are pioneering the formation of a single African market consisting of the free movement of goods,...

Tuesday, December 3, 2019 - 9:53am

Local firms seek protection from imported rival products

Local industrialists have claimed that the importation of rival products, high cost of electricity and imported raw materials and operating below capacity were hampering their competitiveness on local and continental markets. The challenges were highlighted on Wednesday during the celebration of...

Thursday, November 21, 2019 - 9:54am

CFTA to benefit entire continent, economists say

The Economic Commission for Africa has said that the entire continent stands to gain much more from AfCFTA than it benefits from other trading arrangements with regions outside the continent. The statements were made during a policy dialogue to discuss the African Continental Free Trade Area (...

Tuesday, July 31, 2018 - 10:47am

AU reforms require political will to bear fruits

The African Union has embarked on a potentially transformative process of institutional reform that, if implemented, will make it leaner and more efficient and increase its financial self-sufficiency. It is notable that very little achievements have been made by the continental body in the social...

Thursday, June 21, 2018 - 8:48am

Africa should anticipate benefits from AFCFTA than protectionism

Preferential Trade agreement, free trade areas, customs union, once well planned under the African Continental Free Trade Area (AFCFTA pact), benefits outweigh protectionism by far. AFCFTA member countries will have few or no price controls in form of tariffs or quotas between each other. This...

Monday, June 11, 2018 - 8:58pm

Can Rwanda push for a truly functional AfCFTA?

Rwandansmay decry the imperfections of service delivery today but they should never forget where they are coming from. Only about two decades ago, there was no service of any kind to talk about. I remember going to the only shop that sold good shoes, bearing the odd Kinyarwanda name of what...

Friday, June 8, 2018 - 12:23am

Africa must empower its citizens to reach their full potential – Kayonga

The Rwandan envoy to China, Amb. Charles Kayonga, has called upon African leaders to empower their countries’ citizens to reach their full potential and march towards a more affluent future. The envoy, who currently doubles as the representative of the Chairperson of the African Union in...

Tuesday, May 29, 2018 - 11:29am

Rwanda inches closer to AfCFTA ratification

Rwanda will soon complete the ratification process of the African Continental Free Trade Area (AfCFTA) agreement and will in the coming few days submit ratification instruments to the African Union secretariat in Addis Ababa, Ethiopia. With parliament having already passed the protocol, the...

Monday, May 14, 2018 - 1:42am

Africa’s free trade agreement hinges on commitment and implementation

Forty-four African countries recently signed a framework protocol for the African Continental Free Trade Area (AfCFTA), inching the continent closer to becoming one of the world’s largest free trade areas. In Kigali, Rwanda, where the framework protocol was signed last March, African leaders...

Saturday, May 12, 2018 - 12:53am

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