Business

AfCFTA: ECA, Afreximbank launch African trade exchange platform

The Economic Commission for Africa (ECA) and the African Export– Import Bank (Afreximbank) have announced the development of the African Trade Exchange Platform (ATEX), a digital business-to-business (B2B) and business-to-government (B2G) tool to boost trade in Africa. A statement issued by the ECA over the weekend explained that ATEX would help boost intra-African trade under […]

Business

UNCTAD, AfCFTA strengthen ties for regional integration

The United Nations Conference on Trade and Development (UNCTAD) and the African Continental Free Trade Area (AfCFTA) Secretariat have signed a Memorandum of Understanding (MoU) to boost their joint efforts to promote regional integration and inclusive growth in Africa. The partnership will enable UNCTAD to work closely with the AfCFTA Secretariat, African member states, regional […]

Business

Nigeria missing as AfCFTA launches guided trade drive

The African Continental Free Trade Area (AfCFTA) secretariat based in Accra, the capital of Ghana, over the weekend, launched a guided trade initiative for seven member countries, excluding Nigera, the continent’s largest economy. According to a press release, the seven countries, which have signaled their readiness to start trading under AfCFTA, were Tanzania, Mauritania, Kenya, […]

Business

AfCFTA: ‘Lack of export strategy undermines Nigeria’s gains’

The lack of export strategy by Nigeria will deny her the opportunity of reaping maximally from African Continental Free Trade Area (AfCFTA), a faculty member of the Lagos Business School (LBS), Dr Frank Ojadi, has said. To block the loophole, he advised government to design one that will guide products meant for export. Ojadi made […]

Business

UK invests £35m to support AfCFTA implementation

UK has launched a programme of up to £35 million to support negotiations and implementation of the African Continental Free Trade Area (AfCFTA) agreement. AfCTFA is expected to lift 30 million people out of extreme poverty, create jobs and provide new commercial opportunities for businesses across Africa and the UK. It comes as Wamkele Mene, […]

News

AfCFTA: Inequality in exchange rate costing Africa’s economy $5bn yearly

Promoters of Africa Continental Free Trade Area (AfCFTA) has said that the abnormalities being experienced in the foreign exchange rate conversion in the continent is costing multilateral trade in the continent an estimated $5 billion yearly and is also playing a major setback in the continent’s GDP growth. Precisely, the management of AfCFTA said that […]

Business

AfCFTA: Expert tasks AU members on opportunities for women

To ensure that women have access to new opportunities that would be created by the African Continental Free Trade Area (Af- CFTA), especially in economic areas such as agriculture, industry, services and trade, African Union (AU) members must take intentional steps in creating and implementing gender-sensitive policies and implementing targeted complementary measures, the Lead Researcher […]

Business

Exploring cocoa derivatives under AfCFTA

With the African Continental Free Trade Area (AfCFTA) in place already, the Federal Government has disclosed that by taking advantage of the trade treaty, Nigeria has the capacity to export $3 billion worth of derivatives from cocoa and $300 million from the sale of the raw unprocessed commodity to boost the country’s foreign exchange earnings. […]

Business

AfCFTA: Microsoft 4Afrika roots for technology

…extols partnership with FirstBank, MTN, others The Regional Director, Microsoft 4Afrika, Amrote Abdella, has said that the digital outfit’s partnership with some institutions has turned out positive as it has elevated the status of Small and Medium scale Enterprises sector. Abdella, in her column on Africa Business Communities, said partnership with FirstBank, Vodacom, MTN and […]

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AfCFTA: Nigeria faces dilemma over export terminal ‘conversion’

As the Africa Continental Free Trade Area (AfCFTA) takes off in earnest, there are fears that one of Nigeria’s export port terminals, Ikorodu Lighter Terminal,may be out of use for the purpose it was built for a long time. Findings by New Telegraph revealed that the port, built specifically to boost the Federal Government’s N2.5 […]

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