The African Union (AU) Commission called for addressing non-tariff barriers in order to realize the major aspirations of the African Continental Free Trade Area (AfCFTA) Agreement. In a statement released on Sunday, the AU said that the African continent is about to become the world’s largest free trade area. But that effort might be slowed […]
Nigeria is currently in the process of ensuring the ratification of the African Continental Free Trade Area (AfCFTA) agreement, the minister of trade, Niyi Adebayo, said on Monday. Ratification is the action of signing or formally consenting to a treaty, contract, or agreement, after due legislative process, thus making it valid for official purposes. Treaties […]
The Economic Commission for Africa (ECA) on Wednesday participated in the Annual Ministerial Meeting of Foreign Ministers of Landlocked Developing Countries and highlighted the need for sustained and consistent support to LLDCs on the African continent. In her remarks, ECA Executive Secretary Vera Songwe said Africa is home to the majority of the world’s LLDCs […]
The Economic Commission for Africa (ECA) has launched a new COVID-19 cross-border trade report urging governments on the continent to adopt and harmonize policies that will help continent strike an appropriate balance between curbing the spread of the virus and facilitating emergency and essential trade. Titled Facilitating cross-border trade through a coordinated African response to […]
The Economic Community of West African States (ECOWAS) has postponed the launch of its planned single currency “ECO”, it was learnt. The regional body said a new date for the launch would be announced later. The was contained in a communique issued at the end of the 57th Summit of the Authorities of Heads of […]
President, African Development Bank (AfDB), Dr Akinwumi Adesina has assured African Heads of Governments and other relevant stakeholders on the continent that his second tenure would focus on boosting regional industrial value chains, tackling poverty and advancing the success of the African Continental Free Trade Agreement (AfCFTA). Adesina gave the assurance on Tuesday in Dakar, […]
Ecobank Nigeria, a member of the pan African banking Group has concluded plans to host its first Regional Trade Conference. The virtual forum with the theme “Facilitating Regional Trade in the emerging AFCFTA era” is slated for the 22nd of September. The conference, which would feature presentations and panel discussions by highly experienced subject matter […]
The United Nations Economic Commission for Africa (UNECA) warned that the ongoing COVID-19 pandemic could amplify existing gender disparities in Africa, eventually leading to worse outcomes for women. The remark was made by Thokozile Ruzvidzo, Director of the Gender, Poverty and Social Policy Division at the ECA, during an online campaign on Friday on the […]
The African Export Import Bank (Afreximbank) approved a $400-million revolving global credit facility agreement for the Export Trading Group (ETG). Export Trading Group (ETG) is among the largest and fastest-growing integrated agricultural conglomerates in Africa. The funds will address key challenges faced by African agricultural exporters, aggregating large values of produce in order to enable […]
