First Independent Mena Newspaper
Africa Collective, an independent, business-driven network dedicated to creating a platform for exchange and action on African topics, will kick off a series of activities during the time of the World Economic Forum (WEF), which takes place January 15-19 in Davos, Switzerland. Held in partnership with the African Continental Free Trade Area (AfCFTA) Secretariat, Africa […]
Tanzania is venturing into the manufacture of electrical equipment aiming to become a key player in the industry, which is part of the government’s strategy to diversify the East African country’s economic portfolio. During her recent visit to Multi Cable Limited (MCL), a Dar es Salaam-based factory, Tanzania’s Industry and Trade Minister, Ashatu Kijaji, sought […]
King Mohammed VI has called for bold and innovative initiatives to encourage private entrepreneurship avail the huge business opportunities offered in the African Continent. In a message addressed to participants in the 4th Africa Investment Forum, which opened in Marrakech under the theme: “Unlocking Africa’s Value Chains”, the Monarch urged African countries to adopt an […]
The African Continental Free Trade Area (AfCFTA) has potential to increase cross-border remittances by migrants, according to a new report by World Bank, even as international markets remain the largest sources. The AfCFTA has the potential to make cross-border transactions such as remittance transfers by migrants within Africa cheaper through the Pan-African Payment and Settlement […]
African countries have called on China, Africa’s largest trading partner for 14 consecutive years, to shift the focus of the economic relationship from building infrastructure on the continent to supporting local industrialization. With China’ trade with Africa having surged in 2022 by 14.8% year-on-year to reach $282 billion, the Asian powerhouse has been Africa’s largest […]
African nations must flee from the subtle recolonization tactics being pursued through the “honeyed policy shackles” of the International Monetary Fund, World Bank and the United Nations dogma, according to Nigeria’s former president, Olusegun Obasanjo. Yet, he has also attributed the continent’s rising poverty and underdevelopment to poor leadership, bad governance, and massive corruption by […]
African countries must reduce their reliance on other Western countries by boosting intra-Africa trade and also by eliminating their exploitation of Africa’s raw materials, according to the AfCFTA Secretary General and Uganda’s president. Speaking at the 2023 Zenith Bank International Trade Seminar on Non-Oil Export, the Secretary General of AfCFTA, Wamkele Mene, said that economic […]
Senegal’s investment promotion and grand projects agency, APIX, will organize on July 6-8 the country’s first “Invest in Senegal” Forum seeking the development of local and regional markets. APIX in a statement argues that the event is meant to draw benefits of the African Continental Free Trade Area (AfCFTA) and promote investment opportunities in Senegal […]
The WTO chief has called on African countries to create trading opportunities and increase investment in agriculture to address food security in Africa, as the head of the African Federation of Women Entrepreneurs (AFWE) stressed the need for improved infrastructure and the removal of tariffs to facilitate intra-African commerce. In a speech read on her […]
The African Continental Free Trade Area (AfCFTA) needs to remove visas and reduce custom processes to ease movement of goods within the African continent — this is the main appeal voiced by the Pan-African Private Sector, under the umbrella body of the African Business Council (AfBC). During the AfCFTA Business Forum recently held in Cape […]