First Independent Mena Newspaper
Africa’s trade is poised to hit a record $1.5 trillion in 2025, driven by accelerating regional integration and improved infrastructure, according to projections from the IMF and Afreximbank — yet economists warn of persistent structural hurdles. With trade growth expected to average 5.1% annually through 2026 and intra-African trade expanding at 6.6% per year, the […]
The African Continental Free Trade Area (AfCFTA) has so far failed to boost Africa’s global trade participation that still stands at a mere 3%, according to a new report that assessed the progress in regional integration in the continent. African countries continue to conduct a greater volume of trade with countries beyond the continent rather […]
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 […]
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 […]
Morocco has contributed to the African Continental Free Trade Area (AfCFTA) through numerous socioeconomic integrated projects launched in several African countries to improve their infrastructures, industry, university & vocational training, health system, and strengthen their food & energy sovereignty. The remarks were made Monday in Johannesburg by Speaker of the Moroccan Parliament’s Upper House Enaam […]
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 […]
The Economic Commission for Africa (ECA) and Afreximbank have announced the development of the African Trade Exchange Platform (ATEX), a digital business-to-business (B2B) and business-to-government (B2G) tool to help boost intra-African trade under the African Continental Free Trade Area (AfCFTA). A statement by the ECA on Friday (27 January) also noted that the ATEX platform […]
With numerous external and internal headwinds, it is easy to be pessimistic about Africa’s prospects, yet, time and time again Africa has proved resilient and hence also in 2023 many African countries will continue to fare well, despite the odds, says an annual report launched by Brookings Institute launched on Monday (30 January). Since the […]
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 […]
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 […]