Tag Archives: AfCFTA

Data shows most African governments collect about 15% of their GDP in taxes compared  to the 40% that is being collected by European, Asian, and North American countries Kampala, Uganda | RONALD MUSOKE | In a bid to boost revenue collection across Africa, the African Union Commission has signed a Memorandum of …

African brands slip to 14% o as non-African brands entrench positions Kampala, Uganda | AGENCIES | • Nike retains #1 ranking for 5th consecutive year in a relatively unchanged Top 10 ranking of the most admired brands in Africa. • Unicef is the #1 NGO. • Coca Cola the #1 non-African …

Kampala, Uganda | THE INDEPENDENT | Uganda might not get maximum benefit from the African Continental Free Trade Area (AfCFTA) unless the cost of doing business in the county and East Africa is worked on, according to the private Sector. The costs cited include in areas of access to finance, quality …

Nairobi, Kenya | Xinhua | African countries should enact policy and legislative instruments that facilitate seamless cross-border movement of the skilled labor force in order to realize economic growth, stability and cohesion, the International Organization for Migration (IOM) officials said Thursday. Mohammed Abdiker, the director of the IOM’s Regional Office for East …

Gaborone, Botswana | Xinhua | Botswana has deposited its instrument ratifying the African Continental Free Trade Area (AfCFTA) agreement with African Union Commission Chairperson Moussa Faki Mahamat, local media reported. The southern African country becomes the 45th African Union (AU) member to ratify the AfCFTA. Botswana President Mokgweetsi Masisi presented the …

AfCFTA is the flagship program of Agenda 2063 of the African Union. It aims to boost intra-African trade in goods and services Addis Ababa, Ethiopia | Xinhua | Africa cannot afford failing to implement the African Continental Free Trade Area (AfCFTA), a senior official of the African Union Commission (AUC) …

Addis Ababa, Ethiopia | Xinhua | The implementation of the African Continental Free Trade Area (AfCFTA) agreement should be expedited as the free trade zone will boost intra-African trade and accelerate industrialization, the UN Economic Commission for Africa (ECA) Acting Executive Secretary Antonio Pedro has said. “While the AfCFTA’s promise is …

The near-term macroeconomic outlook foresees sustained recovery driving GDP growth from 4.7% in FY 2021/22 to 5.5% in financial year Kampala, Uganda | THE INDEPENDENT | As the shock of the COVID-19 pandemic recedes, Uganda is returning to its pre-pandemic path to growth, with economic recovery boosted by the strong performance …

To achieve the aspirations of the AfCFTA, Africa’s industrialization and transformation agenda need to be supported at the highest national, regional, continental and global levels Addis Ababa, Ethiopia | Xinhua | The African Union (AU) has called on African countries to mutually reinforce the African Continental Free Trade Area (AfCFTA) Agreement …

Accra, Ghana | Xinhua | The African Continental Free Trade Area (AfCFTA) secretariat based in Accra, the capital of Ghana, late Friday launched a guided trade initiative for seven member countries. The seven countries which have signaled their readiness to start trading under AfCFTA were Tanzania, Mauritania, Kenya, Egypt, Cameroon, Rwanda, …