The United Nations Economic Commission for Africa (UNECA) is taking on board Landlocked Developing Countries (LLDCs) and Small Island Developing States (SIDS), alongside Least Developed Countries (LDCs) in addressing challenges that hamper the implementation of the African Continental Free Trade Area (AfCFTA). The countries mentioned above constitute three categories of states facing unique realities and…
By Dr. Tapiwa Mashakada The African Continental Free Trade Area (AfCFTA) is going to suffer a serious setback as a result of the Covid-19 pandemic. When it’s operational phase was launched in Niger in July 2019 Member States were buoyant about boosting intra-African Trade which stands at 13% compared to intra-European Trade which stands at…
The successful implementation of the African Continental Free Trade Area (AfCFTA) could help Eastern African countries reap $1.8 billion and revive the region’s intra trade, a new report from the UN Economic Commission for Africa (ECA) indicates. Andrew Mold, officer in charge of ECA’s sub-regional office based in Kigali, told Business Times that the $1.8…
The African Export-Import Bank (Afreximbank) has announced a roadshow in Kigali to show the Rwandan private sector how it can become a primary beneficiary of the African Continental Free Trade Area (AfCFTA) which will provide significant opportunities to access the largely untapped markets and sectors in an integrated African market of over 1.3 billion people….
By Byron Mutingwende in Addis Ababa, Ethiopia Ambassador Albert Muchanga, the Commissioner of Trade and Industry of the African Union Commission has said the African Continental Free Trade Area (AfCFTA) presents an opportunity to the continent to reposition its industrial production frontier. The Commissioner made the remarks today at the African Union Headquarters in Addis…
The Bank will also participate in the meetings of the 37th NEPAD Heads of state and Government Orientation Committee African Development Bank Group (www.AfDB.org) President Akinwumi Adesina will next week lead a delegation of top Bank officials to the extraordinary summit of Heads of State and Government of the African Union (AU) in Niger’s capital,…
by Dr Ibrahim Assane Mayaki Twenty years ago, I hoped for an Africa that would draw closer and forge forward boldly, despite a bag of mixed fortunes. Rwanda had just been blighted by genocide; the ubiquitous coup d’état still reared its ugly head in West Africa; although a tentative calm prevailed in Central Africa,…
