Tag: Zlecaf

COMESA-EAC-SADC Tripartite Free Trade Area Set to Launch on July 25, 2024

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In a significant milestone for African economic integration, the COMESA-EAC-SADC Tripartite Free Trade Area (TFTA) Agreement is scheduled to come into force on July 25, 2024. This development follows the recent ratification of the agreement by Angola, bringing the total number of ratifying countries to 14 – the threshold required for the agreement to take effect. The announcement was made during the 37th Tripartite Task Force Meeting held on July 20, 2024, in Accra, Ghana. The meeting brought together the chief executives of the three Regional Economic Communities (RECs) involved:…

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Afreximbank and BSMART Technology Ltd expand the Afreximbank African Collaborative Transit Guarantee Scheme (AACTGS) to cover container deposits and customs bonds in East Africa.

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African Export-Import Bank (Afreximbank) has signed a facility agreement with BSMART Technology Ltd expanding the Afreximbank African Collaborative Transit Guarantee Scheme (AACTGS) to cover the issuance of container deposit guarantees and customs bonds in the East African Community (EAC) region. Under the terms of the agreement, signed at the just-concluded Afreximbank Annual Meetings (AAM2024) in Nassau, The Bahamas, Afreximbank will issue container guarantees to shipping companies on behalf of BSMART Technology Ltd. On its part, BSMART Technology Ltd will process Bills of Lading and release containers to container users (importers…

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