Latest News for: African free trade


Africans urged to promote free movement of people to boost trade

Business Day Online 31 Mar 2023
African ... read more Africans urged to promote free movement of people to boost trade .

Encourage banks, payment service providers to use PAPSS

B & FT Online 31 Mar 2023
The African Continental Free Trade Area (AfCFTA) Secretary-General, Wamkele Mene, has charged businesses within the continent to encourage banks and payment service providers to use the Pan African Payments and Settlement System (PAPSS) platform so as to enhance intra-Africa trade.

Ethiopian Airlines begins four-night weekly flights

B & FT Online 31 Mar 2023
... in fostering intra-African connectivity. “There’s no doubt that in the achieving the African Continental Free Trade Area (AFCFTA), Ethiopian Airlines stands tall when it comes to connecting countries on the continent and bringing tourism and trade closer to the people,” he said.

Lagos Free Zone: Redefining Ease of Doing Business

This Day 31 Mar 2023
A Free Trade Zone is a type of Special Economic Zone (SEZ) used to trigger economic growth and aid industrialization in many developing nations across the world ... One such policy is the Free Zone Act of 1992 ... Free Zone and Lekki Port projects ... African region, especially with the African Free Continental Trade Agreement in view.

Introducing AGL, a logistics business at the heart of Africa's transformation

Fresh Plaza 31 Mar 2023
As a global supply chain leader, MSC understands the critical role that logistics plays in enabling trade, and in growing economies. MSC and AGL remain committed to participating in driving the success of the African Continental Free Trade Area (AfCFTA), as well as connecting Africa with the rest of the world ... ... ....

Cameroon, Gabon, Equatorial Guinea Traders Say Marburg Travel Restrictions Suffocate Trade

Voa News 31 Mar 2023
They say the restrictions are suffocating trade and violate a Central African regional agreement on the free movement of people and goods ... The merchants say by restricting the movement of people, Cameroon, Gabon and Equatorial Guinea are disrespecting a regional agreement among countries of the Central African Economic and Monetary Community, CEMAC.

Policy dev’t for downstream aluminium industry starts

B & FT Online 31 Mar 2023
Ghana currently imports significant volumes of aluminium products, but GIADEC says its downstream policy framework will seek to curb these imports and encourage local companies to produce while respecting rules of the African Continental Free Trade Area and those of the ECOWAS protocols.

Policy framework for aluminium downstream industry in the offing – CEO of GIADEC

Joy Online 31 Mar 2023
The workshop was organised by GIADEC, in partnership with the Strategic Anchor Industries Unit of the Ministry of Trade and Industry and the ODI ... Michael Ansah said the African Continental Free Trade Area (AfCFTA) offers access to a market of about 1.2 billion people across Africa.

African countries told to promote free movement of people to boost trade

Ghana Business News 30 Mar 2023
African countries should ...The state of ratification is disheartening, to say the least, given that the Protocol is aimed at facilitating regional integration in general, and the implementation of the African Continental Free Trade Area (AfCFTA), in particular,” Mr.

Africa striving for local currency usage in continental trade 30 Mar 2023
NAIROBI, March 30 (Xinhua) -- The African Continental Free Trade Area (AfCFTA) is striving for the usage of local currencies in trade among countries in the continent, an official said Thursday.

Why Russian brands still not in African homes

B & FT Online 30 Mar 2023
... Russian companies need to prove their superiority in the business spheres and African governments have to make it easier for Russian companies to set up and operate in their countries, cited additional opportunities emerging in the African Continental Free Trade Area (AfCFTA).

IOM calls for seamless intra-African labor mobility to spur growth

Xinhua 30 Mar 2023
He observed that enacting friendly immigration laws will also help African ... The African Continental Free Trade Area (AfCFTA) agreement recognizes seamless cross-border labor mobility as key to the realization of full integration, economic prosperity, peace and long-term stability.

South African growers should keep a close eye on the rest of Africa

Fresh Plaza 30 Mar 2023
SA growers should actively engage with existing markets to stimulate the continued expansion of South African agricultural exports ... Except for Nigeria, these markets are within the Southern African Development Community's Free Trade Area, which has benefited South Africa greatly.

AfCFTA to tackle food waste, improve agricultural trade

B & FT Online 30 Mar 2023
There appears to be an end in sight for the perennial problem of food wastage and its impact on food security, as the African Continental Free Trade Agreement (AfCFTA) secretariat ramps up efforts to improve the storage and export of agricultural commodities across the continent.

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Creative Commons / Sergei Magel/HNF
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AP / Moises Castillo
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AP / Russian Defense Ministry Press Service via AP, File