Tag Archives: AfCFTA

Nigeria Customs Awaits List of Waiver Under AfCFTA– Official

The Nigeria Customs Service on Tuesday said it was waiting for the National Action Committee (NAC) on the list of duties and charges waived for liberalized goods under the African Continental Free Trade Area (AfCFTA) Agreement. A statement from the Serice said: “Sequel to the ratification of AfCFTA by member …

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AU Recognises Adesina, 10 Others for Supporting AfCFTA

Dr. Akinwumi Adesina, President of the African Development Bank have been honoured for his leadership in successful implementation of the African Continental Free Trade Area(AfCFTA). African Development Bank in a statement, said Adesina received award for strong leadership and support alongside 10 African heads of state and government. The AfCFTA, …

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African Leaders Optimistic as Trade Begins Under AfCFTA

African leaders have expressed hope for economic prosperity under the African Continental Free Trade Area (AfCFTA) as trades started among 34 member countries which had ratified the agreement. The single African market was declared operationalised on Januray 1, 2021 following the approval by the African Union at a virtual meeting. …

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FG Tasks Banks to Explore AfCFTA to Capture FDI

The Minister of Finance, Budget and National Planning, Mrs Zainab Shamsuna Ahmed, has advised Nigerian banks and other financial institutions to explore Africa’s market expansion enabled by the AfCFTA to capture trade flows and investment through superior customer value proposition. Stressing the potentials of Nigeria’s market, Ahmed said: “With more …

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Adebayo, Malami To Appear Before Reps Over AfCFTA

The House of Representatives has resolved to invite the Ministers of Justice, Abubakar Malami, Foreign Affairs, Geoffrey Onyeama as well as Industry, Trade and Investment, Otunba Adeniyi Adebayo to brief the House on the implications of the agreement establishing the African Continental Free Trade Area (AFCFTA). This was sequel to a …

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AfCFTA: Stakeholders Target African Digital Market by 2030

Stakeholders in Nigeria’s information and communications technology sector have expressed confidence that beyond achieving the African Continental Free Trade Area (AfCFTA) Agreement, Africa could succeed in having a single digital market by 2030 if all hands are on deck to build infrastructure that would position the Continent as the top …

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Nigeria’s FEC Approves Ratification of AfCFTA Agreement

Barely two months to the operationalisation of the African Continental Free Trade Area (AfCFTA), the Nigeria’s Federal Executive Council on Wednesday approved the instruments of ratification of the Agreement. The Commerce Africa reports that ahead of the AfCFTA operationalisation scheduled for January, 2021, no fewer than thirty countries have deposited …

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AfCFTA Goes Digital to Reduce Cost of Doing Business

Mr Wamkele Keabetswe Mene, Secretary-General, African Continental Free Trade Agreement (AfCFTA) said the AfCFTA would on December 5, 2020 launch a digital platform in South Africa to streamline all procedures that made business transactions expensive and enhance business linkages among the private sector. This had become necessary due to the …

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