Entries by Mekides Admasu

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Experts emphasize private sector’s role in unlocking AfCFTA benefits

The fundamental role of the private sector in accelerating the implementation of the African Continental Free Trade Area (AfCFTA) was highlighted at a high-level event jointly organized by the Economic Commission for Africa (ECA) and the Konrad Adenauer Stiftung (KAS) Office Ethiopia/AU. ECA’s Deputy Executive Secretary, Mr. Antonio Pedro told more than 150 leaders of […]

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Africa World Trade Network Launched

On Tuesday, July 12, 2022, officials from the Ministry of Trade, diplomats and multi-faceted entrepreneurs converged on the Kempinski Hotel for the launch of the Africa World Trade Network (AWTN). The launch was held under the theme “Showcasing Africa’s Industrialisation Capacities”. In attendance were the Secretary-General of AfCFTA, H.E Wamkele Mene, the Deputy Minister for […]

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“Is it Africa’s time, or has the continent’s race been run” by RAJNEESH NARULA AND JON FOSTER PEDLEY.

Is Africa still stretching on the sidelines, or is the continent finally out of the starting blocks in the race to shape the global economy? Many hope the African Continental Free Trade Agreement (AfCFTA) has fired the starter’s gun, but sceptics say this ambitious trade pact may mark more false hope, perpetuating a decades-old replay […]

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ECOWAS Regional Experts Meet on The Draft ECOWAS Common Schedule of Specific Commitments on Trade in Services for the African Continental Free Trade Area (AfCFTA)

The Eight (8th) Regional Meeting on the Trade in Services Protocol under the African Continental Free Trade Area (AfCFTA), was held virtually on 17th June 2022. The Regional meeting was preceded by a 3-day ECOWAS Commission Internal Technical Working Group (TWG) meeting on Trade in Services to consider the AfCFTA verification reports for ECOWAS Members […]

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The African Education Trust Fund (AETF) makes inroads towards an eventual registration and successful launch

The processes for the registration of the African Education Trust Fund (AETF) founded by the Association of African Universities, the Pan African Chamber of Commerce and Industry (PACCI) and the African Private Sector Summit (APSS) has been initiated by the Steering Committee established by the three founding organizations. The AETF is set to raise funds […]

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AfCFTA: Policy questions and key next steps

A Republican lawyer and 30th President of the United States of America, Calvin Coolidge, (1872-1933), once remarked that no enterprise can exist for itself alone, it ministers to some great need, it performs some great service, not for itself, but for others, or failing therein, it ceases to be profitable and ceases to exist…adding that […]

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New UNCTAD website monitors global trade and GDP in real time

UNCTAD launched on 1 July a new interactive website that provides real-time estimates on global trade and GDP, showing the impacts of the multiple global economic shocks. The website provides data-based estimates, known as nowcasts, which shed light on the continuing economic pressures of the war in Ukraine and the persistent strong inflationary concerns. They offer timely […]

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European Parliament Pushes For a New Trade Deal With Africa

The European Parliament voted on a new report to renew its trade relationship with Africa on Thursday. The report, which now passes to the European Commission (EC) for consideration and possibly resolution, calls for fairer treatment of African countries in their current bilateral trade agreements. The report, written by the EU Committee on International Trade, makes a […]