Tag: African Continental Free Trade Area
Ghana launched and handed over the Secretariat of the African Continental Free Trade Area to the African Union at a time when the Ghana Union of Traders Association has asked Nigerians in retail trading to close shops in Ghana. Obiora Madu, CEO of Multimix Group joins CNBC Africa to discuss ways to address Africa's regional integration challenges.
The operationalization of the African Continental Free Trade Area has been moved to December of this year by Africa’s heads of states due to COVID-19 pandemic.
With the operationalization of the African Continental Free Trade Area pushed to December of this year due to the COVID-19 pandemic. There have been calls to revise the current trade agreements between the continent and major trading partners such as the European Union; former Secretary of UNECA, Carlos Lopes joins CNBC Africa for more.
The African Continental Free Trade Area promises to be of the biggest economic stimuli for trade on the African continent. But like many projects, it has been hampered by the Covid-19 pandemic. The deal, which aims to boost intra-Africa trade, was launched over a year ago. Commerce was due to start this month; however, it will be implemented in January due to delays. Wamkele Mene, Secretary-General of the African Continental Free Trade Area spoke to CNBC Africa for more....
The operationalization of the African Continental Free Trade Area agreement was supposed to take place at the beginning of this month but just like many developments it has been set back by the COVID-19 pandemic. CNBC Africa spoke to former Nigerian President Olusegun Obasanjo on how AfCTA can get back on track.
There are more than 600 Tech Innovation hubs across Africa. Africa’s digital revolution will emerge from them, especially in the sectors of e-commerce, distance learning for schools and universities to train better educated populations, and big opportunities in renewables and energy infrastructure to start plugging the continent’s electricity deficit.
There have been arguments for a postponement of the July Start of Trade under the African Continental Free Trade Area (AfCFTA) due to the Covid-19 pandemic. However, trade experts on the continent say that the AfCFTA will help African economies recover from the impact of the pandemic and should stay on track. CNBC Africa spoke to Edem Adzogenu, Co-Chair of the Afro-Champions Initiative Executive Committee for more.
In the headline, as the impact of the coronavirus outbreak continues, manufacturers, producers and importers in Rwanda are seeking alternative sources of raw materials with China’s production and export capacity expected to slow down. In other news – a new report from UN Economic Commission for Africa has indicated that the successful implementation of the African Continental Free Trade Area could help the Eastern African countries earn about $1.8 billion and revive the region’s intra trade. Finally, Rwanda proceeds with the preparation of the Commonwealth Forum despite the outbreak of the coronavirus. CNBC Africa is joined by Hudson Kuteesa, Journalist of The New Times for more.