Tag: African Continental Free Trade Area
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.
The biggest trade fair event in Africa, IATF brings together more professionals under one roof than any other event of its kind on the continent. This year, the theme is “Building Bridges for a Successful AfCFTA” focusing on the African Continental Free Trade Area (AfCFTA).
As slated kick-off date for the AfCFTA draws closer, Nigeria’s Trade, Industry and Investment Minister, Niyi Adebayo says the country’s National Action Committee will not recommend ratification unless they are certain the trade policy will not hurt local industries. In an exclusive interview with CNBC Africa’s Christy Cole, the Minister also spoke about Nigeria’s industrial policy, and the upcoming UK-Nigeria Forum.
AU Summit 2020: “This is the year of dealing with root causes of conflicts in Africa” – One Africa’s Edwin Ikhuoria
The Interim Director of One Africa, Edwin Ikhuoria, says to silence the guns of conflict in Africa, the continent’s leaders must first deal with the root cause which is unemployment. Ikhuoria argues that if youths are employed, they will not be available to be radicalised. He discussed this and more with CNBC Africa’s Godfrey Mutizwa on the side-lines of the concluded 33rd African Union Summit.
The Commissioner for Trade and Industry at the African Union, Albert Muchanga, says the union is ready for the commencement of trade under the African Continental Free Trade Agreement on the first of July this year. While speaking to CNBC Africa’s Godfrey Mutizwa, Muchanga added that the union is almost done with its work on the rules of origin. They discussed this and more on the sidelines of the 33rd African Union Summit.
The Community for Eastern and Southern African States (COMESA) sees the creation of the Africa Continental Free Trade Area as further enhancement of its work and a bigger opportunity for business from the region rather than as a threat. CNBC Africa caught up with the COMESA Secretary General, Chileshe Kapwepwe on the side-lines of the AU summit.
Silencing the guns is a slogan at this year’s AU summit as part of this the continental body held discussions on the role of women in this initiative. CNBC Africa spoke to UNECA's Executive Director, Vera Songwe for more.