AfCFTA

  • Featured

    Nigeria Launches Guided Trade Initiative Under AfCFTA, Aims to Unlock $50 Billion in Economic Opportunities

    ABUJA, Nigeria – Nigeria has embarked on a historic initiative with the launch of the Guided Trade Initiative under the African Continental Free Trade Area (AfCFTA). Spearheaded by President Bola Tinubu, this initiative aims to boost intra-African trade and foster economic diversification, potentially unlocking an estimated $50 billion in economic opportunities for Nigerian businesses. President Tinubu emphasized AfCFTA’s transformative potential,…

    Read More »
  • Featured

    AfCFTA: Don enjoins African countries to utilise waterways

    Prof. Charles Asenime, Dean, School of Transport and Logistics, Lagos State University, has urged African countries to utilise waterways to gain the African Continental Free Trade Area (AfCFTA) potential. Asenime made the appeal on Monday at an online conversation on the topic, “Taking Advantage of the Blue Economy: Why African’s Inland Waterways must Work” organised by Maritime TV Africa. He…

    Read More »
  • economyFormer Presidents task African leaders on unity, progress

    Former Presidents task African leaders on unity, progress

    Former President of Ghana, John Mahama, and former President of Botswana, Lt. Gen. Seretse Khama Ian Khama, have urged African leaders to consciously pursue unity and progress. This, they said, would enable the continent to reach its full potential and achieve sustainable economic prosperity. The former presidents gave the advice via a communiqué issued on Monday in Lagos from a…

    Read More »
  • economyAfrica needs innovative instruments for economic growth, say stakeholders

    Africa needs innovative instruments for economic growth, say stakeholders

    Government and institutional representatives have called for innovative instruments that would foster climate action and address the African current debt crisis for the continent to benefit from the transition to sustainable green economies. In a statement by the Economic Commission for Africa (ECA), the participants made the call during a ministerial segment at the ongoing 56th session of the Conference…

    Read More »
  • economyExpert advocates measures for poverty reduction in Africa through trade

    Expert advocates measures for poverty reduction in Africa through trade

    Prof. Benedict Oramah has advised African countries to pursue self-determination through inward-looking policies and programmes. He urged them to leverage the African Continental Free Trade Area (AfCFTA) opportunities to boost trade and reduce poverty. Oramah, who is the President and Chairman, Board of Directors, African Export-Import Bank (Afreximbank), made the call on Thursday. He spoke at the 8th Goddy Jidenma…

    Read More »
  • foreignExperts advocate increased political will for AU’s Free Movement Protocol

    Experts advocate increased political will for AU’s Free Movement Protocol

    Some migration experts on Thursday called for increased political will from leaders of member states towards the implementation of the African Union’s Free Movement Protocol. The experts made the call during the African Union Economic, Social, and Cultural Council’s (AU-ECOSOCC) Free Movement Protocol webinar with the theme “Balancing Free Movement of Persons and Security.” The webinar was organised to discuss…

    Read More »
  • Africa

    Experts want establishment of an African carbon market

    Addis-Ababa (Ethiopia), Nov. 18, 2023 (NAN): Some experts say that the Africa Continental Free Trade Area (AfCFTA) will considerably increase African trade without adding significant pressure on climate change if fully implemented. The experts said this while presenting their research findings on “AfCFTA and Industrialisation in Africa” at the ongoing African Economic Conference (AEC) 2023 in Addis-Ababa, Ethiopia. The News…

    Read More »
  • Featured

    AfCFTA: Group urges MSMEs on value addition, processing

    The Edo International Business Forum (EIBF), has urged Micro, Small and Medium Scale Enterprises (MSMEs) to invest in product enhancement to benefit from the Africa Continental Free Trade Area (AfCFTA). Mrs. Florence Onere, the President, EIBF, made the call in an interview with the News Agency of Nigeria (NAN) in Benin on Wednesday. Onere said that promoting the sales of…

    Read More »
  • Africa

    AU, Afreximbank, AfCFTA inaugurate Pan-African payment, settlement systems

    The African Union, African Export-Import Bank (Afreximbank) and AfCFTA have inaugurated the Pan-African Payment and Settlement System (PAPSS), thereby making it available for use by the public. The News Agency of Nigeria (NAN), reports that PAPSS is a cross-border, financial market infrastructure enabling payment transactions across Africa. The commercial launch of PAPSS, which took place in Accra, Ghana, virtually and…

    Read More »
  • Africa

    Pan-African Payment System will enhance transactions in Africa — President Akufo-Addo

    Ghana’s President, Nana Akufo-Addo, says the inauguration of the Pan-African Payment and Settlement System (PAPSS) will accelerate transactions in Africa. Akufo-Addo, represented by the Vice President Dr. Mahamudu Bawumia, spoke at the inauguration of PAPSS in Accra, Ghana, monitored virtually by the News Agency of Nigeria (NAN). According to him, the ground-breaking platform will save Africa more than five billion…

    Read More »
  • economy

    Pan-African Payment & Settlement Systems (PAPSS) commences officially for commercial use

    The African Union, African Export-Import Bank (Afreximbank) and AfCFTA on Thursday commercially inaugurated the Pan-African Payment and Settlement System (PAPSS), thereby making it available for use by the public. The News Agency of Nigeria (NAN) reports that PAPSS is a cross-border, financial market infrastructure enabling payment transactions across Africa, bridging the challenges of trade in a continent with over 41…

    Read More »
  • economy

    Harnessing non-oil exports to diversify Nigeria’s revenue

    It is no longer news that oil price shocks have negatively impacted the country’s revenue over the years. The dwindling revenue from oil was compounded by the coronavirus pandemic, hence the managers of the economy had to creatively think of how to boost the country’s revenue for growth and development. The federal government soon realized that a robust non-oil export…

    Read More »
  • Featured

    ECOWAS says harmonized competition policies key to achieving W/African common market

    The ECOWAS Regional Competition Authority (ERCA) has said that harmonized competition policies among Member States is critical to achieving a common market place and the African Continental Free Trade Area (AfCFTA). The Acting Executive Director of ERCA, Dr. Simeon Koffi, made this known on Monday in Abuja at the opening of the FCCPC-ERCA Joint Advocacy and Sensitization Workshop on ECOWAS…

    Read More »
  • Featured

    Omicron: LCCI advises FG

    In the face of the Omnicron variant, the Lagos Chamber of Commerce and Industry (LCCI) has advised that imposition of lockdown as a measure to contain and manage the spread of the coronavirus should be avoided at all cost. LCCI President, Dr. Michael Olawale-Cole, gave the advice at a news conference on Thursday in Lagos. “While we celebrate the positive…

    Read More »
  • Africa

    Tanzania@60: Mission advocates constant dialogue for political, economic devt in Africa

    Dr. Benson Bana, High Commissioner of Tanzania to Nigeria, has stressed the need for constant dialogue on political and economic issues in Africa towards enhancing continental growth. Bana made the call in his welcome address at the Special Dialogue organized by the mission to commemorate the five-day 60th independence anniversary celebration of Tanzania, in Abuja. He explained that the special dialogue…

    Read More »
  • economy

    Access to market intelligence, trade information critical to intra-Africa trade – Firm

    Mrs. Tokunbo Chiedu, CEO, Compass Global, says access to market intelligence, finance, trade information, and market requirements are vital to deepen intra-Africa trade among SMEs. Chiedu, in a statement on Wednesday in Lagos, said that this was important to foster new business opportunities, through business linkages and engagements. She said that this was critical as the region approached the unfolding…

    Read More »
  • economy

    NASME tasks entrepreneurs to use AfCFTA to grow businesses

    The Nigerian Association of Small and Medium Enterprises (NASME) has appealed to Micro Small and Medium Enterprises (MSMEs) to explore benefits offered by African Continental Free Trade Agreement (AfCFTA) in growing their businesses. The National President of NASME, Dr. Abdulrashid Yerima, made the appeal in an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja. He also…

    Read More »
Back to top button
error: Content is protected !!
Verified by MonsterInsights