Tag Archives: AfCFTA

Kenyan banks dominate the ranking taking 10 slots but also performing poorly in the Top 100 banks in Africa | THE INDEPENDENT | Stanbic and dfcu banks are the only Ugandan banks that have appeared in the East African Top 20 banks despite banks recovering from the impact of the …

Accra, Ghana | Xinhua | Ghana launched its African Continental Free Trade Area (AfCFTA) hub Monday to increase local participation in the continent-wide free trade and facilitate businesses. “The AfCFTA hub is the principal tool for aligning Ghana’s own wide-ranging digitalization policy with the various opportunities presented by AfCFTA,” said Minister …

Full implementation of the African Continental Free Trade Agreement (AfCFTA) could increase FDI by up to 159%, with positive impacts for trade and incomes | CHARLES DIETZ | Reforms set in motion by the implementation of the African Continental Free Trade Area (AfCFTA) could lead to a rise in foreign direct …

  Finally becomes 7th partner State Kampala, Uganda | RONALD MUSOKE | On July 11, the Democratic Republic of Congo officially became the seventh member of the East African Community after depositing the ‘instrument of ratification’ with the East African Community Secretary General at the bloc’s headquarters in Arusha, Tanzania. …

Addis Ababa, Ethiopia | Xinhua | Experts have called on African countries to expedite the local manufacturing of pharmaceutical products amid the continent’s dependence on externally manufactured medicines. The experts made the call during a virtual meeting hosted by the UN Economic Commission for Africa (UNECA)’s AfCFTA(African Continental Free Trade Area)-anchored …

Kampala, Uganda | THE INDEPENDENT | South Africa is concerned that most African countries still consider national interests ahead of regional integration which continues to stifle regional trade and development. According to South African Minister for International Relations and Cooperation Naledi Pandor, this is likely to limit the outcomes of the …

Some reason to cheer, but lots of work ahead | CHRIS CHANGWE NSHIMBI | The European Union (EU) has lived up to the primary reason it was created – ensuring that member states will not wage physical war against one another, but settle their differences amicably. It owes some of …

Kampala, Uganda | ISAAC KHISA | Africa’s multi-lateral lender, African Export-Import Bank has renewed its approval of a US$1 billion facility to operationalise the African Continental Free Trade Agreement Adjustment Funds. The lender also approved a Grant Funding in an amount of US$10 million to seed the Base Fund of …

  Experts say it will help make energy poverty history in Africa by 2030 | THE INDEPENDENT | The East African Crude Oil Pipeline (EACOP) represents a critical solution to making energy poverty history in Africa by 2030, say experts led by says NJ Ayuk, Executive Chairman of the African …

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority must collect 2 trillion shillings in less than 10 days left to the end of the financial year, but the tax body is worried of emerging cross-border conflicts between neighbors. This is one of the challenges that the East African countries are …