Tag: AfCFTA
Why Africa must prioritise merging currencies for free trade
Traders’ efforts are weighed down by the fact that they have to use their valuable time and capital to purchase third currencies.
Niger crisis, like previous coups, threatens gains from trade under AfCFTA
What’s happening in Niger could take a heavy toll on the little gains achieved in the quest to integrate African markets under AfCFTA, a protocol ousted President Mohamed Bazoum, and his predecessor Mahamadou Issoufou -- who is official champion of the treaty on behalf of the AU -- are key supporters.
African youth demand Govts action on rising unemployment
There are at least 11 million young people coming to the labor market every year in search of work, yet only 3 million jobs are created across the continent, leaving estimated 8 million without work, according to International Labour Organization (ILO). Initiative by the AUC Chairperson Moussa Faki...
Pan-African payment system rollout reaches three more countries
PAPSS rollout is planned to reach five regions of Africa before the end of 2023, while all central banks and commercial banks are projected to be signed up by end of 2024 and 2025 respectively.
The not so visible barriers to trade and why we are not e-buying
The not so ingenious idea to conduct transactions in major foreign currencies such as US dollar, British Pound, Euro or the likes anywhere within Africa allows somebody out of the continent to collect a portion of the trade value that is generated through settlement/transfer charges.
AfCFTA story good, but hard to sell without free movement
African authorities still owe us a different, better version -- one wrapped up in the free-movement-of-people envelope with a visa-free tag visible at the back.
US-Africa summit: Biden likely to make major policy announcement to reset ties, officials
US is expected to use the upcoming summit as a platform to explore mutually beneficial trade and investment partnerships that are going to deepen its ties with African nations. The US-Africa Leaders Summit was last held in 2014 under President Obama’s administration, while the business forum last took...
Agro-industrial hubs to cut Africa’s $45bn food import bill. We want this money back - SACKO
CAAPs has been hailed as one of the most promising means to vastly improve the competitiveness of African industries and enterprises by achieving economies of scale, promoting local processing and value addition of agricultural products, and availing employment to a larger part of the African youth...
Made in Africa: States work to harmonise standards, rules of origin requirements
AfCFTA rules of origin, just like standards requirements, single out goods produced within the free trade area that meet set conditions to be allowed to move freely and enjoy preferential tariff treatment.
Non-ratification of AU treaties slows down continental flagship projects' implementation
Several treaties negotiated and agreed upon at African Union (AU) level cannot be enforced as member States continue to drag feet on ratifications. The commission now banks on the on-going monitoring and evaluation exercise to determine status of implementation of decisions adopted over the past 10...
