First Independent Mena Newspaper
Trade corridors between Tanzania and Democratic Republic of Congo (DRC) and between the latter and Kenya have been highlighted as the key links that will drive trade within the East African region by the year 2035. Increased infrastructure interconnectivity by the African states is widely seen as the key driver that will contribute to the […]
Intra-Africa air connectivity is making headway, a recent ‘Charting Trends’ report published by the Centre for Aviation (CAPA) has shown, and was also echoed by local aviation experts who have expressed cautious optimism about the growth prospects for the southern African region. While the intra-Africa air connectivity had exceeded the two million weekly internal seats […]
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 […]
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 leaders will hold a summit on Saturday and Sunday at the headquarters of the African Union (AU) in Addis Ababa with the aim of accelerating the implementation of the continental free trade area (AfCFTA). The summit, the 36th of the organization, will bring together 35 Presidents and 4 Prime Ministers. The officials will ponder […]
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 […]
More cooperation was needed among developing nations to overcome dwindling foreign currency reserves, a growing energy crisis and supply chain disruptions, according to business leaders and officials from eight developing nations meeting in Bangladesh. Representatives from Egypt, Nigeria, Turkey, Iran, Malaysia, Pakistan and Bangladesh under the banner of D-8, or developing eight countries, were discussing […]
Morocco denounced as an anomaly the membership of the Polisario entity in the African Union’s free trade accord, citing that the self-declared SADR republic lacks the attributes of a state. Speaking at the end of the African Union’s summit in Niamey, foreign minister Nasser Bourita made it clear that Morocco’s membership in the AfCFTA shall […]