African Free Trade

Thursday, 28 September 2023

Latest News for: African free trade

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India has always backed perspectives of developing countries, Raja Sabha Dy Chairman at BRICS Parliamentary Forum

Beijing News 28 Sep 2023

Through the 'Duty-Free Tariff Preference Scheme', which extends duty-free access to ... Apart from the thematic discussion, other topics to be taken up in the forum are regional integration through the African Continental Free Trade Area (AfCFTA), and the transition to clean energy.

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MIIF will invest GH₵300m in Ada-Songor Salt project

B & FT Online 28 Sep 2023

The newly-established facility is said to hold the potential to make salt one of the country’s leading export commodities to the African market under the African Continental Free Trade Area (AfCFTA) arrangement.

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Africa on its way to creating the world's largest single-free trade area

Independent online (SA) 27 Sep 2023

South African Deputy President Paul Mashatile told delegates attending the 9th BRICS Parliamentary Forum that the continent was well on its way moving towards a single African market as all 54 countries have signed the African Continental Free Trade Area (AfCFTA) agreement.

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Free trade within Africa a win-win for continent & BRICS nations - Mashatile

Eye Witness News 27 Sep 2023

JOHANNESBURG - Government said the key objective of the 9th BRICS parliamentary forum was to create a framework for the Free Inter-Africa Trade ... As of March 2023, 54 African countries with a combined GDP of $ 3.4 trillion had signed the African Continental Free Trade Area (AFCFTA) agreement.

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Singaporean companies say they are ready to help unlock Africa’s $712b digital growth

Ghana Business News 27 Sep 2023

This comes on the back of trade in goods of Singaporean firms ... That, he said, was in response to growth in high demand for domestically produced goods owing to the implementation of the African Continental Free Trade Area (AfCFTA), set to boost intra-African trade by 52 per cent.

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Dr Emmanuel Okoroafor: Promoting, Export Trade from Africa

This Day 27 Sep 2023

There has been a lot of buzz about the African Continental Free Trade Area (AfCFTA) in the past three years ... free access to the global African market area, where they can freely sell in member countries’ marketplaces without worrying about unfair competition due to trade barriers.

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ZAMANI SAUL: Africa is little more than a pawn in the shifting world order

Business Day 27 Sep 2023

The dawn of the new world order was the foremost concern of the continent’s leaders as they engaged in accelerating the implementation of the African Continental Free Trade Area (AfCFTA) to integrate African economies and create a strong regional bloc ... Trade among African countries is a mere 14% of the global total.

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Oye Urges US Investors to Leverage Nigeria’s Population to Exploit AFCFTA Offerings

This Day 27 Sep 2023

... Mines, and Agriculture (NACCIMA), Dele Kelvin Oye, Esq., has urged businesses and investors in the United States to leverage Nigeria’s large, youthful population and its human capital advantage to exploit the opportunities of the African Continental Free Trade Area (AfCFTA).

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Why SA’s energy security depends on strategic investment partnerships

Independent online (SA) 27 Sep 2023

Global terms of trade are shifting dramatically ... At the same time, the war in Ukraine is further polarising global trade ... Within the continent, the value of robust trade between countries in Africa is increasingly seen as a key driver of growth and economic resilience, as evidenced by the African Continental Free Trade Area agreement.

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IDC provided over R20bn to help fund industry and start-ups last year

Independent online (SA) 27 Sep 2023

The IDC would also seek to leverage opportunities presented by the African Continental Free Trade Area. Minister of Trade, Industry and Competition, Ebrahim Patel said the record investments would “catalyse and sustain the recovery of productive sectors further underscoring the ...

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SA strengthens Agoa trade bond

Independent online (SA) 26 Sep 2023

Agoa provides eligible sub-Saharan African countries with duty-free access to the US market for over 1 800 products, ... It will also support our efforts to increase growth through the African Continental Free Trade Area (AfCFTA) that will cover 54 countries and 1.4 billion people.”.

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Afreximbank Urges Prioritisation of Export Trading Companies to Drive SMEs in Africa

This Day 26 Sep 2023

Afreximbank’s Executive Vice President, Intra-African Trade Bank, Kanayo Awani, who spoke on behalf of the bank’s President, Prof ... “These are particularly urgent as Africa commences implementation of the African Continental Free Trade Agreement (AfCFTA),” Awani stated.

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Afreximbank urges prioritisation of export trading companies to drive African small and medium ...

Business Ghana 26 Sep 2023

... Kanayo Awani, Afreximbank’s Executive Vice President, Intra-African Trade Bank, speaking on behalf of Bank President Prof ... “These are particularly urgent as Africa commences implementation of the African Continental Free Trade Agreement (AfCFTA),” stated Mrs.

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NAC-AfCFTA Partners Energy Investor, PUTTRU to Boost Power Infrastructure

This Day 26 Sep 2023

The National Action Committee on the African Continental Free Trade Area Agreement (NAC-AfCFTA) has announced a partnership with PUTTRU, Africa’s digital platform for facilitation of investments in energy companies in the continent ... Investors for the African Energy Market’.

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BOHANI HLUNGWANE: Hard for Africa to grow if it does not control currencies

Business Day 26 Sep 2023

While it is clear that the dollar remains the de facto currency of global trade, the foreign ... Innovative digital marketplaces like these will be key to driving trade on the continent, particularly as the African Continental Free Trade Area (AfCFTA) becomes more active.  .