Tag: trade
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.
U-TURN: Govt to repeal parts of the controversial property tax law
The much-disputed immovable property tax hike in the 2018 law had not been brought into force as the treasury suspended its enforcement twice amid public uproar. The executive now wants Parliament to repeal five articles of the controversial legislation.
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.
Ready for intra-Africa air travel via Asia, Europe in 2023?
Protectonist regulations only expose African taxpayers to all sorts of inconveniences, complicate air travel to levels Africans suffer from the most and comes back to haunt air transport sector.
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.
US-Africa summit: Washington explains exclusion of five nations
The US also did not invite leaders of Eritrea with whom it holds strained relations for decades, alongside leaders of four other African countries that "are not in good standing with the Africa Union" namely Mali, Sudan, Guinea and Burkina Faso.
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...
African leaders root for AfCFTA full operationalisation
The AU leadership is banking on full operationalization of the AfCFTA to drive the much needed industrilaisation of the continent that has borne the brunt of series of global crises including the outbreak of the covid-19 pandemic and the Russian-Ukrainian crisis.
Intra-Africa trade could boost resilience to crises, unlock $22bn export potential - Experts
Officials figures estimate intra-African trade at between 15 per cent to 18 per cent annually, the lowest of any region of the world.
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.
Costs, connectivity and illiteracy hold back Africa digital economy potential - REPORT
Despite mobile digital services offering Africa massive potential to provide better access to health, education and trade, billions of people in remote regions of the continent are without coverage.
Rwanda’s economic recovery prospects facing new headwinds - Report
Official data indicate that Rwandan firms and entrepreneurs generally struggle to secure certification for an international standard, popularly known as ISO certification, which is deemed crucial when it comes to tapping into the export market, and especially the adoption of e-commerce platforms and...
Consumers forced to tighten their belts as inflation bites
The consumer rights lobby group is of the view that it is high time for government to consider the widening mismatch between current market prices and people’s purchasing power as costs seem to be way beyond levels of income for most families and individuals in the formal and informal work sectors.
