System provides Africa with greater capacity to conduct cross-border transactions, expand opportunities Kampala, Uganda | ISAAC KHISA | Pan-African multilateral lender, African Export-Import Bank and the Secretariat have rolled the Pan-African Payment and Settlement System (PAPSS), revolutionalised financial market infrastructure to enable instant, cross-border payments in local currencies between African …
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China is positioned to gain from significant constraints to accelerating and diversification of intra-Africa trade COMMENT | JONATHAN MUNEMO | The African Continental Free Trade Area (AfCFTA) intends to promote regional trade integration in Africa, which can play an important role in accelerating sustained growth and reducing poverty on the …
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Kampala, Uganda | THE INDEPENDENT | Business leaders and experts have cast doubt on whether the East African Community will benefit from the African Continental Free Trade Area, AfCFTA, that took effect January 1 this year. The AfCFTA is a trading arrangement supported by 54 African countries to create a single …
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Professor Benedict Oramah wears many hats. He is the President of the Africa Export and Import Bank (Afreximbank), the Chairman of the Board of Trustees of the African Union COVID-19 Response Fund and a member of the African Vaccine Acquisition Task Team (AVATT), an initiative of the AU Commission and …
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The level of intra-Africa trade is still low compared with the other continents in the world | THE INDEPENDENT | Rwanda has withdrawn from hosting the second Intra-African Trade Fair (IATF2021) citing logistical constraints related to the COVID-19 pandemic that has adversely affected the progress of construction of a new …
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AfCFTA will facilitate regional trade and investment and boost continental economic integration Luanda, Angola | Xinhua | Secretary General of the African Continental Free Trade Area (AfCFTA) Wamkele Mene said on Monday that Africa will soon have a new trading standard with the development of the organization. Mene made the remarks …
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Accra, Ghana | XINHUA | The leadership of the African Continental Free Trade Area (AfCFTA) is promoting a Pan-African payment system to facilitate intra-African trade, a top official said. Wamkele Mene, the Secretary-General of AfCFTA told Xinhua in an interview that the Pan-African Payments and Settlement System (PAPSS) would be …
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Improved efficiency and competition in the Africa markets will be significantly felt and boost development | SHANTEL MUFANDAIDZA | Created by the African Continental Free Trade Agreement in 2018, the African Continental Free Trade Area (AfCFTA) came into effect on January 01, 2021. Since the World Trade Organisation creation, the …
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Kampala, Uganda | THE INDEPENDENT | The East African Community Council of Ministers has set 1st July 2021 as the date for the inception of the East African Monetary Institute (EAMI). The EAMI is a transitional mechanism to the regional Central Bank that will issue the single currency, planned to be …
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But manufacturers want power to come at cheaper price to enhance their competitiveness Kampala, Uganda | JULIUS BUSINGE | Industries operating within Kampala Industrial and Business Park, Namanve, are now receiving reliable, stable, quality and adequate electricity following Uganda Electricity Transmission Company Limited’s bold step to install 189MVA, 132/33kv Namanve …
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