First Independent Mena Newspaper
Intra-African trade, still beyond potential, is poised to grow two-fold in the upcoming five years, secretary general of the African Continental Free Trade Area, Wamkele Mene, said. The African Continental Free Trade Area (AfCFTA) is the world’s largest free trade agreement by number of countries, territory, and population, encompassing 54 African Union member states. Covering […]
Easy movement of people in Africa, also facilitated by affordable airfares, without the hindrances of state boundaries, is one of the key prerequisites for the full implementation of African Continental Free Trade Area (AfCFTA), according to stakeholders in the continent’s aviation industry. Air transport, which facilitates free movement of people across nations with liberalized inter-state […]
Burundi and Tanzania have floated a tender for designing and constructing about 282 kilometers of electrified railway, part of East Africa’s wider cross-border electric railway line plans aiming at boosting the competition for cargo business in the region and helping the region tap a US$3 trillion single market opportunity. What will be the continent’s second […]
African Export-Import Bank (Afreximabank) plans to disburse about $85 billion in support of intra-African trade until 2021, Benedict Okey Oramah, the president and chairperson of the bank said. Speaking on the sidelines of the 32nd African Union Summit, Oramah said the move is crucial to achieving African economic integration. He said the bank is working […]
Attijariwafa bank, a leading pan-African banking group, has teamed up with IFC, a member of the World Bank Group, to boost cross-border trade and investment in Africa and support the continent’s smaller businesses. A cooperation agreement was signed by the two sides to enhance investments in both North Africa and Sub-Saharan Africa. The partnership will […]
The African Development Bank (AfDB) approved a loan of $200 million to Morocco to boost the country’s industrialization plan, local media said. The loan will help fund the first phase of the support program of the Industrial Acceleration Plan, which aims to create 500,000 jobs by 2020 and to increase the share of industry in […]