Tag Archives: AfCFTA

Nairobi, Kenya | Xinhua | The African Continental Free Trade Area (AfCFTA) on Tuesday said it will promote the use of local currencies in order to boost trade amongst African countries. Prudence Sebahizi, the Chief Technical Advisor at the AfCFTA Secretariat told journalists in Nairobi, the capital of Kenya that currently …

Accra, Ghana | Xinhua | The African Continental Free Trade Area (AfCFTA) presents Africa with the biggest opportunity for growth and prosperity, Tanzanian President Samia Suluhu Hassan said on Wednesday. Hassan made the remarks during a visit to the AfCFTA secretariat. The trade area presented an opportunity to accelerate intra-African trade …

The bank’s next focus is on delivering on the priorities set under its new strategic plan Kampala, Uganda | ISAAC KHISA | Pan-African multilateral lender, African Export-Import Bank, recorded a 10% growth in profit for the year 2021 to $387.3 million, demonstrating a strong and resilient growth. The inclusion of …

African Continental Free Trade Area (AfCFTA) to stimulate investments, growth and pandemic recovery Nairobi, Kenya | Xinhua | The East African Business Council (EABC), a regional trade lobby, will harness opportunities presented by African Continental Free Trade Area (AfCFTA) to stimulate investments, growth and pandemic recovery, executives said Wednesday at a …

Yvonne Manzi Makolo, CEO of RwandAir, says that the company, now 49% owned by Qatar Airways, is looking beyond the pandemic to exploiting Africa’s huge aviation potential. How has the Covid-19 pandemic affected your expansion plans and your medium- to long-term strategy? We had a lot of momentum in the …

Kampala, Uganda | THE INDEPENDENT | Small and medium enterprises have been urged to take advantage of the African market if they are to easily grow their businesses. Speaking at an African Continental Free Trade Area sensitization workshop held at Uganda Manufacturers Association headquarters in Kampala on March 22, John Walugembe, …

Kampala, Uganda | THE INDEPENDENT | Businesses seeking to export goods and services under the Africa Continental Free Trade Area (AfCFTA) arrangement have been advised to embrace technology for high-quality products. AfCFTA, which has a market base of 1.5 billion people, has been touted as a game-changer for economies like Uganda, …

Experts outline ways in which partner states can benefit from the bloc | THE INDEPENDENT | Before COVID-19 hit world economies two years ago, there was optimism that Africa’s flagship project of the African Union’s Agenda 2063, the African Continental Free Trade Area (AfCFTA) would quickly reshape markets across the …

Arusha, Tanzania | THE INDEPENDENT | The East African Community member-countries have agreed on the list of goods on which the countries will remove tariffs when trading with the rest of the continent, under the African Continental Free Trade Area (AfCFTA) in 10 years. The countries adopted the EAC Tariff …

Addis Ababa, Ethiopia | Xinhua | Africa welcomes the “generous offer” China is set to provide members of the African Union (AU) to help augment exports in the coming years, a senior official has said. Wamkele Mene, the secretary-general of the African Continental Free Trade Area (AfCFTA), told Xinhua that …