Africa has taken a major step toward financial sovereignty and seamless intra-continental trade with the unveiling of the Pan-African Payment and Settlement System (PAPSS) in Lagos, a joint initiative by Afreximbank, the African Union and the AfCFTA Secretariat. The launch, held at the maiden Conference on Worldwide and Regional Payment (COWRY), marks a historic effort […]
The African Continental Free Trade Area (AfCFTA) has pledged to work closely with angel investment networks to strengthen Africa’s early-stage funding environment and attract more local capital into innovation-driven enterprises. Wamkele Mene, secretary-general of AfCFTA, made the announcement in a virtual keynote address at the African Business Angel Network (ABAN) Congress 2025, where he reaffirmed […]
BY MOTOLANI OSENI Nigeria is set to overhaul its trade agreements, renegotiating those that hinder economic growth, particularly in the wake of the African Continental Free Trade Agreement (AfCFTA). The government aims to ensure trade policies are favourable, avoiding scenarios where Nigeria becomes a dumping ground for foreign goods, which could undermine local industries. At […]
BY MOTOLANI OSENI The Deputy Commissioner for Insurance, Finance and Administration, Mr. Ekerete Ola Gam-Ikon, has called on Nigeria’s insurance industry to strategically position itself for the opportunities presented by the African Continental Free Trade Area (AfCFTA). Speaking at the Nigerian Insurance Industry AfCFTA Committee Workshop in Lagos, he emphasised the potential for market expansion, […]
BY TEMITOPE ADEBAYO Managing Director of the Nigerian Ports Authority (NPA), Dr Abubakar Dantsoho, has spoken about Nigeria’s target to be the maritime logistics hub for sustainable port services in Africa, especially under the Africa Continental Free Trade Area (AfCFTA) agreement. Dantsoho disclosed this in Lagos at the Nigerian British Chamber of Commerce (NBCC) maritime […]
BY MOTOLANI OSENI The Nigeria African Continental Free Trade Area (AfCFTA) coordination office has reiterated its dedication to supporting Nigerian businesses in maximising export opportunities under the trade framework. Speaking to journalists, Franca Achimugu, a representative of the office, emphasised that the agency, led by National Coordinator Olusegun Awolowo, is working to ensure that businesses […]
Within the framework of the African Continental Free Trade Agreement (AfCFTA), the Federal Government revealed on Friday a comprehensive plan to spearhead Africa’s digital trade revolution. The plan is a component of President Bola Ahmed Tinubu’s administration’s Renewed Hope Agenda, which aims to use trade as a catalyst for continental unity and economic progress in […]
By Motolani Oseni The second edition of the African Sub-sovereign Governments Network (AfSNET) conference, held on 30 September 2022 in Abuja, Nigeria, unanimously called on African sub-nationals to play their full role in facilitating the implementation of the African Continental Free Trade Area (AfCFTA). Organised by African Export-Import Bank (Afreximbank) in collaboration with the Nigeria […]
President Muhammadu Buhari says the African Continental Free Trade Area (AfCFTA) must ensure that Africa is a marketplace where no country is left behind, jobs are created and revenues are enhanced for all parties. According to a statement issued by the African Export-Import Bank (Afreximbank), on Tuesday, he said this in Durban, South Africa, at […]
President Muhammadu Buhari on Friday said the planned revision of Nigeria’s trade policy by the Federal Government is aimed at facilitating access to local and regional markets, against the backdrop of the take-off of the Africa Continental Free Trade Area, AfCFTA. He stated this at the opening ceremony of the 2021 Lagos International Trade Fair […]
The United Nations Economic Commission for Africa (UNECA) has called for the leveraging of the African Continental Free Trade Area (AfCFTA) agreement to accelerate industrialisation in the continent. The ministers made the call at the commission’s ongoing 53rd Conference of Ministers of Finance and Economic, Planning and Development in Addis Ababa on Monday. Ghana’s Minister […]
MOTOLANI OSENI With many countries strategizing for the African Continental Free Trade Area (AfCFTA) that kicked off at the beginning of this month, Dangote Industries Ltd has said that its cement expansion plan and fertilizer investments will open new trade routes for the company and Nigeria under the trade deal. Already, the cement company, despite […]
African Union (AU) Chairperson Cyril Ramaphosa and Ethiopian Prime Minister, Abiy Ahmed have congratulated Africans for starting to trade under the African Continental Free Trade Area (AfCFTA). Abiy tweeted: “Congratulations to our continent for the beginning of trading under AfCTA. The new frontier for Africa is indeed regional integration, where minds are open to ideas […]
The African Continental Free Trade Area (AfCFTA) agreement comes into effect yesterday (January 1, 2021) but Zambia is one of the 21 countries that have not yet deposited their instruments of ratification. Zambia’s Minister of Commerce, Trade and Industry, Christopher Yaluma, disclosed at a media briefing in Lusaka that the official launch of AfCFTA will […]
The Federal Government has deposited the African Continental Free Trade Area Agreement (AfCFTA) ratification instrument to the African Union in preparation for the take-off of the agreement in January 2021. This was made known in a statement by the Ministry of Foreign Affairs on Saturday, December 5. The Nigerian representative to the AU, Amb. Richards […]
Philip Clement, Abuja AfCFTA – As part of measures to ensure the smooth take off of the Africa Continental Free Trade Area agreement (AfCFTA), concerns relating to transhipment and other trade barriers will be addressed, Secretary General of AfCFTA, Wamkele Mene has said. READ ALSO: Implementation of AfCFTA agreement our own stimulus, economic relief package-Mene […]
The African Import-Export Bank (Afreximbank) is teaming up with International Trade Centre (ITC) to help businesses make the most of the African Continental Free Trade Area (AfCFTA). Afreximbank in a statement by its Manager, Communications & Event (Media Relations), Amadou Labba Sall, on Wednesday stated that it is teaming up with ITC to train small-business […]
The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to ensure that key technical concerns should be addressed with a strong commitment on the government’s part to enhance competitiveness ahead of the implementation of the African Continental Free Trade Area (AfCFTA), in July. According to MAN President, Mansur Ahmed, the crafting of […]
The second Intra-African Trade Fair (IATF2020) will provide key pathways for the Rwandan private sector to access intra-African trade opportunities offered by the African Continental Free Trade Area (AfCFTA), Kanayo Awani, Managing Director of Afreximbank’s Intra-African Trade Initiative, has said. Addressing the opening of a roadshow held in Kigali recently day to raise awareness about […]
Abuja – Mr Nwiabu Nuka, Executive Director of Nigeria Private Sector Alliance says the country will excel in service delivery with the Africa Continental Free Trade Agreement (AfCFTA) billed to take off in July. Nuka stated this during a panel discussion organised by Greeners Business-to-Business, to mark its Annual National Economic Dialogue 2020 in Abuja […]