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Africa’s Continental Free Trade Area takes effect

Gambia’s National Assembly has ratified the agreement that seeks to establish the African Continental Free Trade Area (AfCFTA). Twenty-two signatures were the minimum threshold required to approve the deal among the 55 member states of the African Union. With Gambia’s ratification, the continent’s free trade agreement has drawn enough signatures to go into operation. The […]

Morocco-Nigeria gas pipeline wins ECOWAS support

The Economic Community of West African States (ECOWAS) has endorsed the Moroccan-Nigerian off-shore on-shore gas pipeline that will benefit 13 African countries instead of the Algerian ink on paper proposal of a tans-Saharan pipeline. A meeting was held in Burkina Faso on December 9-10 in the capital Ouagadougou by the ECOWAS’ energy ministers in a […]

Egypt to build third canal immediately after inaugurating new one

While the inauguration of the New Suez Canal is just about two weeks ahead, Egypt has announced that there are plans to build a third canal. The New Suez Canal, whose construction was launched last year to reduce the country’s unemployment rate and also to boost income, is scheduled to be inaugurated on August 6th. […]