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 …
Read More »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 …
Read More »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 …
Read More »Ghana Holds National Conference on AfCFTA to sensitise Businesses
President Nana Addo Dankwa Akufo-Addo will, on Tuesday, October 20, open the second edition of the national conference on the implementation of the African Continental Free Trade Area (AfCFTA) Agreement in Accra. The two-day conference is on the theme: “Empowering Ghanaian Businesses to Harness the Benefits of the African Continental …
Read More »Mene Affirms AfCFTA will Commence on January 1, 2021
Mr Wamkele Mene, Secretary General of the African Continental Free Trade Area (AfCFTA), says the continental trade regime will take off as planned on January 1, 2021. He said the AfCFTA Secretariat was targeting January 2021 for the commencement of the implementation of the free trade agreement following its postponement …
Read More »Nigeria Concludes Study to Assess AfCFTA Safeguard Requirements
As part of its preparations for the operationalization of the African Continental Free Trade Area (AfCFTA) billed for January 2021, the Nigeria’s National Action Committee has concluded a study to assess the AfCFTA safeguard requirements. There are concerns from some quarters in Nigeria that the AfCFTA could be a vehicle …
Read More »AfCFTA Offers Nigeria Opportunity to Diversify Revenue Base –Anatogu
The Special Assistant to President Muhammadu Buhari on Public Matters, Mr. Francis Anatogu, said the African Continental Free Trade Area (AfCFTA) would offer Nigeria an opportunity to achieve her age-long dream of revenue base diversification from crude oil which has been the mainstay of the economy for over fifty years …
Read More »AfCFTA Secretariat Launched In Ghana As Operations Start January 2021
Ghanaian President Nana Addo Dankwa Akufo-Addo Monday commissioned and handed over the Secretariat building of the African Continental Free Trade Area (AfCFTA) to the African Union Commission in Accra. At a symbolic ceremony at the African Trade House, the President handed the keys to the Secretariat to Moussa Faki, Chairperson …
Read More »NEPZA Prepares to Tackle AfCFTA Challenges–Adesugba
The Managing Director of Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba said “with several economic zones all over the country, Nigeria has the capacity to prepare its manufacturing sector for the challenges” that may stem from the operations of African Continental Free Trade Area (AfCFTA) agreement billed to …
Read More »AfCFTA: World Bank Sees Nigeria’s Income Grow by Only 4%
Nigeria and South Africa, the two largest economies in Africa will see their income grow by only 4 per cent from the African Continental Free Trade Area, the World Bank says in its recent “The African Continental Free Trade Area: Economic and Distributional Effects” report. The report found that Côte …
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