Entries by Hanin Abdulrazzaq

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Afreximbank supports factoring as a viable alternative source of finance for SMEs

The African Export-Import Bank (Afreximbank) considers factoring as a viable alternative financing instrument for supporting Small and Medium-sized Enterprises (SMEs) at a time when traditional commercial bank lending is tightening while trading is about to begin under the African Continental Free Trade Area (AfCFTA). Kanayo Awani, Managing Director of Afreximbank’s Intra-African Trade Initiative and Chairperson […]

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What opportunities does the AfCTA hold for women?

 According to the African Union chairperson, President Cyril Ramaphosa, the African Continental Free Trade Area (AfCFTA) will help advance the empowerment of Africa’s women, by improving women’s access to trade opportunities which will in turn facilitate economic freedom for women, and expand the productive capacities of countries. GUEST COLUMN BY FEMPRENEURS AFRICA “To support this, […]

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Only 958 businesses nationwide aware of AfCFTA – GSS

Only 958 businesses across the country are said to be aware of the African  Continental  Free  Trade  Area (AfCFTA) which is expected to start on January 1, 2021,  findings from the second wave of  COVID-19 Business  Tracker  Survey has revealed. This represented 26.2 percent of firms interviewed between August 15 and September 20 this year by […]

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Bring on AfCFTA, says Malawi

The Malawi government says it has put in place measures in readiness for the Africa Continent Free Trade Area (AfCFTA) as it rolls out on January 1, 2021. Trade Minister Sosten Gwengwe told The Southern Times Business that the country was committed to the historic agreement that creates one of the world’s largest ever free trade pacts. […]

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Finally, Nigeria to ratify the AfCFTA Agreement

Barely one month to the commencement of the dreamed liberalization of the African market, courtesy of the African Continental Free Trade Area (AfCFTA) Agreement, Africa’s biggest economy cum biggest market, Nigeria, will be ratifying the Agreement – after a many months of deliberations and consultations. The Federal Executive council (FEC), Nigeria’s highest decision-making body, Wednesday, […]

Ecobank Restates Commitment to AfCFTA

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has said the bank is prepared to partner with other organizations to explore the opportunities available in the African Continental Free Trade Area (AfCFTA).  Akinwuntan in his remark at an event in Lagos pointed out that the pan African bank was set up primarily for the economic integration […]

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AfCFTA’s promise of free trade is prosperity for all Africans – ECOWAS Speaker

The Speaker of the ECOWAS Parliament says the African Continental Free Trade Area (AfCFTA) holds the promise of prosperity for all Africans amidst the coronavirus pandemic. Sidie Mohammed Tunis said yesterday during the opening ceremony of two meetings scheduled with a week long activities of the Parliament in Cotonou Benin Republic. He said that notwithstanding […]

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Business Leaders Tell Govts to Accelerate AfCFTA Talks

The East African Business Council is urging the East African Community to fast track negotiations of the African Continental Free Trade Area (AfCFTA) in line with private sector positions. If every African country joins, experts say, the AfCFTA will be the world’s largest single market, accounting for $4 trillion in spending and investment across the […]