Trade Pact Could Boost Africa’s Income by As Much As $450 Billion – World Bank

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The African Continental Free Trade Area represents a major opportunity for countries to boost growth, reduce poverty, broaden economic inclusion and help "expand opportunities for all Africans", hailed a World Bank official, which if fully…
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ECA report urges African countries to harmonize trade and transport regulations in the fight against COVID-19

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The Regional Integration and Trade Division (RITD) at ECA has released a new report entitled “Facilitating Cross-Border Trade through a Coordinated African Response to COVID-19”. The report provides a critical assessment of existing…
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Eritrea defends decision to sit out Africa free trade pact

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Eritrea on Tuesday explained why it has not signed up for the African Continental Free Trade Area, AfCFTA. The Horn of Africa nation remains the only country yet to sign the agreement let alone deposit instruments of ratification as of July…
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Ghana positions to become auto hub in AfCFTA era

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Finance Minister Ken Ofori-Atta has announced the planned establishment of an Automobile Industry Development Centre to coordinate licensing of vehicle assemblers and manufacturers, and monitor their compliance with industry regulations. With…
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UNECA chief calls for boosting intra-Africa trade to augment share in global trade

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Executive Secretary of the United Nations Economic Commission for Africa (ECA), Vera Songwe, on Thursday emphasized the need to boost intra-Africa trade in order to augment Africa's share in the global trading platform. The ECA chief…
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AFCFTA: Action Committee Begins Sensitization Programme for MDAs, Industry Associations.

The National Action Committee on African Continental Free Trade Agreement (AFCFTA) has embarked on sensitization programme of Ministries, Departments and Agencies, including industry associations to explain the implications of the AFCFTA…
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ECOWAS holds Regional Meeting on AfCFTA for ECOWAS Institutions and Specialized Agencies

The Economic Community of West African States held a virtual meeting on the African Continental Free Trade Area (AfCFTA) for ECOWAS Institutions and Specialized Agencies on the 21st of July 2020.The AfCFTA seeks to create a single continental…
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AfCFTA Implementation Pushed to January

The executive secretary of the African Continental Free Trade Area (AfCFTA), has proposed to African heads of state that trading under this framework starts in January 2020, according to an official. Trading under the AfCFTA agreement was…
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Afreximbank, ITC partner to boost intra-African trade.

Ahead of the operational launch of the African Continental Free Trade Area (AfCFTA) agreement, Afreximbank has partnered with the International Trade Centre (ITC) to train small-business owners and young entrepreneurs on the continent on…
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AfCFTA will push on even if virus second-wave hits, says Wamkele Mene, Secretary General (AfCFTA)

AfCFTA secretariat will develop necessary public-health protocols to implement the deal and revive economic growth in Africa An Africa free-trade agreement is unlikely to face any further delays even if a second wave of coronavirus infections…