Business

Post-COVID-19: ‘AfCFTA, key driver for economic revival

The Secretary General, Africa Continental Free Trade Area (AfCFTA), Mr. Wamkele Mene, has described the initiative as a driver for Africa’s recovery from the impacts of coronavirus crisis. He said it would drive recovery from impacts of the scourge on the continent’s industralisation growth and development agenda. Mene made the assertion during a courtesy visit […]

Business

AfCFTA: Only standard goods will be allowed into Nigeria –Salim

The Director General of Standards Organisation of Nigeria (SON), Mallam Faruk Salim said as the African Continental Free Trade Area (AfCFTA) takes off across Africa this month, the Nigerian standards body is set to ensure that only goods that meet minimum standards will be allowed into the country.   He told journalists during a recent […]

Business

AfCFTA: MAN urges FG to invest in technology for efficiencies

With Nigeria’s border reopening and commencement of African Continental Free Trade Area (AfCFTA) agreement, the Manufacturers Association of Nigeria (MAN) has urged the Federal Government to invest in new technology that will improve accountability and transparency and enhance efficiency in the operations of customs services and other agencies of government to boost seamless trade facilitation. […]

Business

AfBC, others laud AfCFTA impact on intra-African trade

Following the commencement of African Continental Free Trade Area (AfCFTA) agreement, the pan-African private sector, under the umbrella body of African Business Council (AfBC), has acknowledged its support for the scheme as it promote Intra-African Trade. AfBC, in a press release made available to New Telegraph, signed by its Interim Chairperson, Dr. Amany Asfour, and […]

Business

AfCFTA: MAN urges FG to position SON for export drive

The Kano branch of the Manufacturers Association of Nigeria (MAN) has called for the proper positioning of the Standards Organisation of Nigeria (SON) at the country’s entry points in preparation for the implementation of the African Continental Free Trade Area (AfCFTA) agreement. National Vice President of MAN, North West Zone, Alhaji Ali Madugu, made the […]

Business

‘AfCFTA to boost real income gains by $450bn’

Following the commencement of the African Continental Free Trade Area (AfCFTA) agreement, there are indications that real income gains from full implementation of the agreement could increase by seven per cent, or nearly $450 billion among the participants. Similarly, by 2035, the implemention of the AfCFTA agreement would contribute to lifting an additional 30 million […]

Business

AfCFTA: LCCI fears resurgence in agric product smuggling

Following the commencement of African Continental Free Trade Area (AfCFTA) agreement and reopening of the land borders, Nigeria’s hope of attaining a seamless trade facilitation in the continent could be dashed as resurgence of smuggling of agricultural products into the country is expected to gain momentum this year. Also, there is high expectation that the […]

Business

‘AfCFTA’ll revive coronavirus-hit Africa’

Ghana’s President, Addo Akufo-Addo, has said the implementation of African Continental Free Trade Area (AfCFTA) agreement, will put African countries, hit by the devastating impact of the coronavirus (Covid-19) pandemic, back on track. According to him, the African trade deal will be a game-changer because it has the potential to stimulate intra-Africa trade Addressing the […]

Business

AfCFTA takes off amid lingering challenges

African countries began officially trading under the African Continental Free Trade Area (AfCFTA) agreement last Friday, after months of delays caused by the global coronavirus pandemic. Reuters, however, reports that experts view the New Year’s Day launch of the pact as largely symbolic with full implementation of the deal expected to take years. AfCFTA aims […]

Business

AfCFTA: Border reopening signals $3.4trn economic bloc reality

The decision by the Federal Government to reopen four of the closed Nigerian borders has bolstered the economic growth expectation under the African Continental Free Trade Area (AfCFTA) agreement. The Federal Government during the week announced the reopening of the land borders in a bid to resume trade along the corridors. The AfCFTA implementation by […]

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