AfCFTA

International trade agreements could drive local growth

The Economic and Social Justice Trust has published an article discussing the impact of global trade agreements, like the Africa Continental Free Trade Agreement and EU economic partnership agreements, on Namibia’s economic diversification and industrialisation. The article explores how trade agreements can help address challenges like market fluctuations, limited job creation, and insufficient value addition. Here’s Leonard Nakawa who is a Political Analyst at the Trust.

February 5, 2025 20

Business / Economics

Namibia Explores Trade Agreements for Economic Growth

Namibia is actively pursuing economic diversification through trade agreements like the African Continental Free Trade Agreement and Economic Partnership Agreements. A research project by the Economic & Social Justice Trust is assessing how these agreements can drive industrialization and attract investment while addressing challenges such as infrastructure gaps, regulatory hurdles, and skills shortages. The Turst says initial findings highlight growth potential in renewable energy, green hydrogen, and agro-processing. However, strengthening […]

February 5, 2025 14

Africa

Afreximbank to Partner with Africa Collective at Davos 2025

Afreximbank has been announced as the Host Partner for Africa Collective and the AfCFTA Secretariat at Davos 2025, alongside the World Economic Forum reports CNBCAfrica. This strategic partnership aims to highlight African trade and investment opportunities on a global stage, promoting collaborations for Africa’s development. Africa Collective, a platform for pan-African and international stakeholders, encourages the exchange of ideas and collaboration on opportunities across the continent.

October 1, 2024 55

Africa

The Moroccan Association of Exporters (ASMEX) and the Ministry of Industry and Commerce of Morocco are co-hosting the first edition of the ZLECAF Business Forum – Morocco 2024

The Ministry of Industry and Commerce and the Moroccan Exporters' Confederation (ASMEX) are co-organizing a Business Forum aimed at raising awareness and providing information on the opportunities presented by the African Continental Free Trade Area (AfCFTA). The event, titled "Intra-African Trade: Perspectives and Opportunities," will take place on November 5, 2024, at the Hyatt Regency Hotel in Casablanca. This inaugural edition of the AfCFTA-Morocco Business Forum aims […]

September 23, 2024 17

Business / Economics

AU Member States join MSME forum in Windhoek

The 3rd Annual Micro Small and Medium Enterprises Forum is currently underway in Windhoek. The forum has attracted delegates from 55 African Union member states and presents opportunities for SMEs from different African countries to showcase their products. We caught up with some exhibitors. SME Compete director, Danny Meyer. Thursday is the day last day for exhibitions at the AU MSME Forum. H.E. Amb. Albert Muchanga, the African Union […]

September 12, 2024 52

Africa

AGOA-AfCFTA to offer a trade highway to the US until 2041

By Seth Onyango, bird story agency Forty African nations could have duty-free access to U.S. markets until 2041, as Congress considers a bipartisan bill extending the African Growth and Opportunity Act (AGOA). Senators Chris Coons (D-Delaware) and James Risch (R-Idaho) tabled a revised AGOA Renewal and Improvement Act of 2024 in Congress, which now explicitly integrates it with the African Continental Free Trade Agreement (AfCFTA). This alignment […]

April 15, 2024 50

Africa

UNDP launches “timbuktoo” initiative in Davos to revolutionize Africa’s startup ecosystem

In Davos, the United Nations Development Programme (UNDP) launched the "timbuktoo" initiative in collaboration with African countries. The initiative, unveiled during a special session at the 24th Annual Meeting of the World Economic Forum, aims to be the world's largest financing facility, uniting catalytic and commercial capital to bolster Africa's startup ecosystem. H.E. President Paul Kagame of Rwanda, H.E. President Nana Akufo-Addo of Ghana, the Secretary-General of the African […]

February 21, 2024 193

Africa

Continental Free Trade Area launches first trade shipment

Industrialisation and Trade Minister, Lucia Iipumbu has participated in the first trade shipments under the African Continental FreeExportDiversification Trade Area at the Port of Durban in KwaZulu-Natal. Iipumbu says the implementation will diversify exports, boost productive capacity, accelerate growth, create more jobs, and promote economic inclusion.

February 1, 2024 60

Africa

AfCFTA to boost regional trade by 80%

More than half of African countries will use the rules of a continental free-trade pact this year as the continent moves closer to fully integrating into a single market. According to Bloomberg News, AfCFTA Secretary-General Wamkele Mene told a World Economic Forum panel in Davos Tuesday that of the 47 countries that have ratified the African Continental Free Trade Area, 31 will join the trade initiative, up from seven in […]

January 17, 2024 11