Road, sea, rail or air transport, the implementation of the AFCFTA, requires enormous needs discover them in this summary.
Read MoreAFCFTA’S TRANSPORTATION NEEDS AND FORECASTS IN FIGURES
Tag: AfCFTA
Trade : Tracking Africa’s progress on AfCFTA
On the sidelines of the 55th session of the Economic Commission for Africa in Addis Ababa, Ethiopia, the ECA communication team interviewed Stephen Karingi, Director of the Regional Integration and Trade Division on the progress of the African Continental Free Trade Area (AfCFTA), three years since its launch. At what stage are countries on the AfCFTA? We are in the trading stage where money is being made and the private sector is taking advantage of the opportunity the AfCFTA has offered. For example, value added coffee has been traded from…
Read MoreTradeMark Africa Launches in West Africa
ACCRA, Ghana, January 30, 2023/APO Group/ — TradeMark East Africa, one of the world’s leading Aid for Trade organisation, has today rebranded to TradeMark Africa (TMA) (www.TradeMarkAfrica.com) and simultaneously officially launched its West Africa operations. Founded in 2010 in Kenya, today marks TradeMark Africa expansion from its previous core operational area of East Africa and the Horn, to also support countries in West and Southern Africa. TradeMark Africa now has a presence in fourteen countries in sub-Saharan Africa (SSA): Kenya, Uganda, Tanzania, Rwanda, Burundi, the Democratic Republic of Congo (DRC),…
Read MoreIndia can benefit from African Continental trade pact: MEA
Tribune News Service New Delhi, August 28 Underscoring India’s commitment towards growth in relations with Africa, New Delhi on Friday said the country’s businesses could benefit from the African Continental Free Trade Agreement that was gathering pace. Characterising the proposed pact as a “game changer”, Rahul Chhabra, Secretary, Economic Relations, Ministry of External Affairs, said more and more African countries were joining the agreement and a huge opportunity could come in a few months. Till date, 30 of the 54 countries have ratified the agreement. “Making Africa resilient for Indian…
Read MoreKenya launches five-year national trade strategy
Blueprint aims at deepening relations with other African countries By Bernadette Khaduli Kenya has launched the National African Continental Free Trade Area (AfCFTA) Implementation Strategy 2022-2027 to boost opportunities for industrial diversification, investment and job creation. The strategy also aims at deepening relations with other countries on the continent which has a population of over 1.3 billion people and a combined Gross Domestic Product of over $3.4 trillion. Speaking during the launch of the Strategy and unveiling of AfCFTA National Implementation Committee held at a Nairobi hotel on…
Read MoreAfCFTA To Encourage Use Of Local Currencies To Boost Trade
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 most intra-Africa trade is settled using the U.S. dollars. “With the use of local currencies, the number of financial transactions will increase while the time it takes to make payments will reduce thereby boosting trade amongst African states,” Sebahizi said during the EABC-Trade Mark…
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