Category: AfCFTA

AfCFTA: A Catalyst for Africa’s Economic Future

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Botswana’s President Duma Boko reaffirmed the strategic importance of the African Continental Free Trade Area (AfCFTA) in transforming intra-African trade and strengthening Africa’s position on the global economic stage. Speaking at the African Economic Conference in Gaborone, held from November 23 to 25, the president highlighted AfCFTA as a historic opportunity to reshape the continent’s economic landscape. Jointly organized by the African Development Bank (AfDB), the United Nations Economic Commission for Africa (UNECA), and the United Nations Development Programme (UNDP), the conference gathers policymakers, economists, and experts under the theme:…

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Private sector can accelerate Intra-African trade and investments: African Union Private sector Forum.

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The annual African Union Private Sector Forum is set to review and explore innovative actions that allow the private sector to fully participate in, contribute to and benefit from Intra-African trade and investments. 2024 marks the 15th edition of the forum which will be held in Lusaka, Zambia from the 31st October – 2nd November 2024, focused on “unlocking opportunities for private actors to accelerate Intra-African trade and investments.” Africa has made commendable strides in advancing Intra-African trade particularly through the African Continental Free Trade Area. However, most African countries do not trade…

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Afreximbank Organizes Major Investment Conference in Kisumu to Boost Intra-African Trade

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The African Export-Import Bank (Afreximbank) is set to organize a landmark event in Kisumu, Kenya, aimed at strengthening the role of sub-sovereign governments in developing intra-African trade. The fourth edition of the Africa Sub-Sovereign Network Conference (AfSNET) will be held from November 25-27, 2024, in collaboration with the Kisumu County Government and United Cities and Local Governments of Africa (UCLG Africa). $2 Billion Funding Announced The event marks a significant milestone in implementing the African Continental Free Trade Area (AfCFTA). Ms. Kanayo Awani, Executive Vice President of Afreximbank, announced $2…

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Strengthening Intra-African Trade: 150 Ivorian Companies Boosted by the African Trade Gateway (ATG) Platform

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Strengthening Technological Capabilities: Ceremony for Making the ATG Platform Available to Ivorian Exporting Companies Abidjan, October 10, 2024 – The African Trade Gateway (ATG) Platform proposed by AfreximBank was presented this Thursday to several Ivorian exporting companies during a ceremony organized by the General Confederation of Enterprises of Côte d’Ivoire (CGECI). About 150 Ivorian companies will now benefit from the opportunities offered by the African Trade Gateway (ATG) platform, developed by Afreximbank. This multifunctional solution was officially launched on October 10, 2024, in Abidjan, during a ceremony marked by the…

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MCDF Grant to Enhance Trade Transit Facilitation in Africa

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 — A USD546,000 grant to enhance Africa’s trade transit facilitation was approved by the Multilateral Cooperation Center for Development Finance (MCDF) Governing Committee at its meeting in Samarkand, Uzbekistan on 24 September. The project will be implemented by the African Development Bank (AfDB). The MCDF grant will support information and knowledge sharing to help governments and stakeholders tackle trade transit and customs cooperation bottlenecks hindering cross-border trade flows in Africa, contributing to greater connectivity among African countries. The focus will be on addressing regulatory and skills gaps and inefficiencies at borders through data collection and a trade facilitation study. MCDF-supported activities…

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Djibouti Ratifies the Tripartite Free Trade Area (TFTA) Agreement

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The government of the Republic of Djibouti has recently taken a significant step toward regional economic integration by adopting a draft law ratifying the Tripartite Free Trade Area (TFTA) Agreement. This agreement brings together three major regional economic communities: the Common Market for Eastern and Southern Africa (COMESA), the East African Community (EAC), and the Southern African Development Community (SADC). The decision was made official during a Council of Ministers meeting, marking Djibouti’s commitment to actively participating in this regional initiative. A Historic Project for Regional Integration The TFTA Agreement,…

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LOGIS-TRADE NEWS 002

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Discover the second issue of our new periodic publication that provides an “Overview of Trade News in Africa”. The guest for this issue is Tabara Diop, COO of Logidoo, who wrote in the Opinion section on 𝐀𝐟𝐫𝐢𝐜𝐚𝐧 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐚𝐧𝐝 𝐀𝐟𝐂𝐅𝐓𝐀: 𝐃𝐢𝐚𝐠𝐧𝐨𝐬𝐢𝐬 𝐚𝐧𝐝 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬. Our goal is to keep you informed about the most important developments and emerging trends shaping Trade on the continent. In each issue, we will offer you a summary of essential information: Major trade agreements Significant sector developments Progress in regional economic integration Changes in trade policies…

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Nigeria’s roadmap to digital transformation under the AfCTA

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The country is investing in digital infrastructure and talent development, aiming to unlock new economic growth opportunities Nigeria is positioning itself to lead the continent in digital commerce within the African Continental Free Trade Area (AfCFTA) framework. Already, the country’s digital economy has transformed the way millions of citizens shop, bank, and communicate, reshaping the nation’s trade landscape and unlocking new pathways for economic growth. The AfCFTA aims to harmonize digital trade rules and principles, ensuring a streamlined, secure, and inclusive digital trading environment to enhance digital trade within Africa…

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Intra-African Trade: Afreximbank Compliance Forum Announced in Dakar for September

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The African Export-Import Bank (Afreximbank) and the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) are preparing to organize a major event aimed at improving compliance practices in African trade. Under the theme: “Better Compliance – Better Trade: The Implications of New FATF Requirements on Ultimate Beneficial Owner Identification and Their Impact on Trade“, this International Compliance Forum will be held from September 4 to 6, 2024 in Dakar, Senegal. The high-level event will address crucial topics for the development of trade in Africa, including: Financial Action Task…

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GCCA ISSUES CALL TO ACTION ON FOOD SUPPLY CHAIN RESILIENCE AND BOOSTING TRADE IN AFRICA

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African policy leaders must support robust growth in the cold chain for the success of the African Continental Free Trade Area (AfCFTA) and to boost prosperity, food supply chain resilience, and trade across the continent, says the Global Cold Chain Alliance (GCCA) today as the GCCA Africa conference opens at the Westin Hotel in Cape Town. The GCCA is the international association for temperature-controlled logistics businesses. The GCCA Africa conference will see Africa’s cold chain professionals gather for two days of discussion on key challenges and opportunities related to the storage and…

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