First Independent Mena Newspaper
Africa Continental Free Trade Area (AfCFTA) can only be successful if there is seamless movement of people, goods and services and a reinforced nexus with the continent’s industrialization so as to effectively realize Africa’s critical development aspirations. AfCFTA can only be successful if there is seamless movement of people, goods and services, according to Dr. […]
The African business community has maintained its bullish outlook on the benefits of the African Continental Free Trade Area (AfCFTA), as it weathers global instability, mainly due to the Russia-Ukraine war and the after-effects of the COVID-19 pandemic. African business advocacy group the Pan-African Private Sector Trade and Investment Committee (PAFTRAC) has published the results […]
The 2022 Session of the EU-Namibia Political Dialogue took place in Windhoek earlier this week (28 September), during which the two parties engaged in an in-depth discussion on several topics of shared and common interest, ranging from peace and security, climate change to trade and economic cooperation. Co-chaired by Netumbo Nandi-Ndaitwah, Deputy Prime Minister and […]
Trade exchange between Malawi and other countries in the African region has improved over the years, with statistics showing that Malawi now accounts for 32% of intra-Africa trade A recent study published by Brookings Institution Africa Growth Initiative indicates that at 32%, Malawi ranks on position seven out of 13 countries that have improved performance, […]
Nigeria continues to lag behind in making the AfCFTA trade agreement operational, as a number of other African countries have been chosen to begin exchanging goods and services under the AfCFTA terms. Almost two years after the implementation of the African Continental Free Trade Area Agreement (AfCFTA), which came into force on 1 January 2021, […]
Alphabet Inc launched its Google Wallet in South Africa on Tuesday (23 August), after rival Apple Inc introduced its Apple Pay mobile payment system in the country last year — a sign that the tech giants try to gain a foothold in the continent’s rapidly growing digital payments space. The COVID-19 pandemic has accelerated the […]
Nigeria partially reopened its land borders after almost a year and a half of closure. This decision was intended at the time to combat smuggling and encourage local Nigerian production. This reopening is a surprise decision, as was the announcement of the closure of the borders in August 2019. The commercial isolation ordered unilaterally, without […]
The African continent needs heavy funding to boost its economic development, said Moroccan Minister Delegate for African Cooperation, Mohcine Jazouli at the World Economic Forum on Africa held in Cape Town, South Africa Sept.4-6. Africa also needs a major investment and production to set up a sustainable industrial hub capable of creating jobs and […]
With the effective establishment of the African Continental Free Trade Area (AfCFTA), trade between Morocco and Africa, which currently account for 5.4% of commercial transactions, could triple in the long term, according to the Moroccan Center of Conjuncture (CMC). The launch of the AfCFTA after long negotiations reflects the desire to foster the continent’s economic […]
Talks between African and US officials to review the African Growth and Opportunity Act (AGOA) free-trade deal ended Thursday in Côte d’Ivoire with no major deal. The African Growth and Opportunity Act, which in 2015 was extended to 2025, provides tariff-free access on 6,500 products from 39 countries, ranging from oil and agricultural goods […]