Image by Edar from Pixabay

Kenya pushes US trade deal despite continental outcry.

Kenya is proceeding with Free Trade Agreement talks with the US despite opposition by a section of African countries and  the East African Community (EAC) bloc. On Wednesday evening, US Trade Representative Robert Lighthizer and Kenya’s…
Image by Pexels from Pixabay

Cameroon plans to create an export promotion agency to capitalize on the soon to be launched AfCFTA

Cameroon currently plans to create an export promotion agency to capitalize on the African Continental Free Trade Agreement (AfCFTA) being created. This was revealed during the audience granted by Trade Minister Luc Magloire Mbarga Atangana…
Photo by frank mckenna on Unsplash

AfCFTA Africa’s plan to ride out crippling coronavirus crisis, says Dr. Vera Songwe, Executive Secretary (UNECA)

Africa does not need a Marshall Plan to ride out the ongoing coronavirus crisis. It has a more powerful tool in the African Continental Free Trade Area (AfCFTA) to use in accelerating regional and economic integration and prepare for uncertain…
Image by Gerd Altmann from Pixabay

Partial Resumption of Internet

As of July 15th, Ethiopia has resumed it 's internet connection through WIFI only. Until full restoration The Pan African Chamber of Commerce and Industry Secretariat Office, based in Addis Ababa, Ethiopia, is available only during working…
Photo by Avel Chuklanov on Unsplash

African Business Council, One Voice: Who’s Voice?

,
Find the latest insight by the Executive Director of the Pan African Chamber of Commerce and Industry (PACCI), Mr. Kebour Ghenna, on the creation of the African Business Council (ABC) by the African Union and whether it will really benefit SMEs…
Photo by Cytonn Photography on Unsplash

AfCFTA: Africa’s integration programme gathers speed!

,
Adopted in Kigali on 21 March 2018, and launched at the AU Summit in July 2019 in Niamey, Niger, the African Continental Free Trade Area (AfCFTA), signed by 54 African states (Eritrea is yet to sign and ratify the agreement), is due to come…

FINTECH CAN HELP IN FIGHT AGAINST CORONAVIRUS SPREAD IN AFRICA

,
Safaricom, Kenya’s biggest telecoms operator, on Monday made a commitment to waive transaction costs on mobile money transfers under 1,000 shillings ($10) for customers on its mobile money platform, M-Pesa. Also, Airtel Kenya waived transaction…

Effect of Covid-19 on African Markets

Banks offer relief to borrowers as traders warned on hiking costs

,
Borrowers can sigh in relief as banks take new measures to cushion individuals and businesses that find themselves in financial distress as a result of the fast-spreading coronavirus (Covid-19). In meeting with President Uhuru Kenyatta…