Browsing: African Continental Free Trade Area (AfCFTA)

2022 U.S-Africa Summit.
  • AGOA has been a cornerstone of the U.S trade policy in Sub-Saharan Africa since the year 2000.
  • The non-reciprocal trade preference programme that provides duty-free access to the U.S market.
  • A range of manufactured goods and processed mineral products account for the bulk of exports.

African countries are pulling together to lobby the U.S Congress to approve the renewal of the Africa Growth and Opportunity Act (AGOA) this year.

Kenya and South Africa are leading the push to have a 10-year extension on the pact that allows a select number of African countries to export finished products to the US.

AGOA has been a cornerstone of the U.S trade policy in Sub-Saharan Africa since the year 2000.

The non-reciprocal trade preference programme that provides duty-free access to the U.S market, for about 40 eligible African countries, is set to expire in 2025.

Initially, it was intended to last 15 years …

United Kingdom High Commissioner to Tanzania David William Concar has visited the East African Business Council (EABC) Offices in Arusha.

EABC is the regional apex body of private sector associations and Corporates from the 6 East African countries which was established in 1997 to foster the interests of the private sector in the integration process of the East African Community.

The UK High Commissioner was welcomed by EABC Chief Executive Officer Mr. John Bosco Kalisa on Monday July 05, 2021 which was his debut day in office.

TradeMark East Africa (TMEA)

Mr. Kalisa who made his remarks while in his office appreciated the United Kingdom (UK) support to East African Business Council through TradeMark East Africa (TMEA) and highlighted the importance of the private sector as the driver of socio-economic growth in the East African Community region.

TMEA works closely with EAC institutions, national governments, the private sector and civil …

The realities on the African continent are unpalatable. The levels of financial, education and energy poverty among several other scales of poverty are extremely high. Yet the continent lies on a bed of natural resources and is adorned by some of the most beautiful scenery in the world. 

On top of that the biggest resource—its people—are capable of churning out ideas and innovation that can change the narrative on the continent. Africa is far from hopeless. Recognizing this, the African Union has set out to take steps towards achieving the realisation of a first class economic powerhouse by 2063. 

The African Continental Free Trade Area (AfCFTA)

In a bid to achieve this agenda, a free trade area that seeks to create one common market through the integration of African countries was born. Of the 55 African countries 54 signed the agreement with Eritrea choosing to watch from the

At least seven million people in Uganda will still be living in extreme poverty by 2030, according to a study by Brookings Institute.

The study contained in the Foresight Africa 2020 reveals that Uganda will not able to achieve the number one Sustainable Development Goal (SDG) which seeks to eliminate extreme poverty by 2030.

The study highlights priorities for Africa in 2020 to 2030. Dr Brahima Coulibaly, the Africa Growth Initiative at the Brookings Institution senior fellow and director, said by 2030, Africa will have 397.9 million people living in extreme poverty, out of which 7.6 million will be in Uganda.

Also Read: Will events in Kenya, Uganda and Tanzania, bring financial and political freedom this decade?

He said that by 2030, all Sub Saharan Africa countries, are expected to make some progress towards SDGs. However, by 2030, 18 countries out of 44 will get less than halfway to the …

Ride the wave of the African Continental Free Trade Area, African Development Bank (ADB) president Adesina Urged United Kingdom investors.

Speaking at the UK Parliamentary Symposium, Mr Adesina said Africa is on the cusp of unmatched economic transformation and the United Kingdom must engage in a partnership of change.

“The Africa of the 21st century is very different. The Africa of the 21st century is new and more confident,” he said
The All-Party Parliamentary Group for Africa with the Royal African Society, Oxford Brookes University, and the Trade Justice Network organized the symposium under the theme UK-Africa Trade and Brexit.

Adesina said that Africa and the United Kingdom should be significant trading partners. “The reality, however, is that UK’s trade with Africa is trending downwards. From a $49 billion peak in 2012, trade decreased to $30.6 billion in 2018,” he noted.

Also Read: AfDB president woos UK investors to take

Ghana hosts the 17th Meeting of the African Continental Free Trade Area (AfCFTA) Negotiating Forum which began on Tuesday this week at the Accra International Conference Centre.

An official statement, issued by Ghana’s Public Relations Office of the Ministry of Trade said the three-day meeting would be followed by the 10th meeting of the Committee of Senior Trade Officials which will begin from December 12 to 13, 2019. While the African Ministers of Trade Meeting and the AfCFTA Council of Ministers Meeting will follow from December 14 to 15, 2019.

According to the statement, the African Continental Free Trade Area (AfCFTA) Negotiating Forum will seek to finalise outstanding works on the first phase negotiations which deal with the trade in goods and services protocols and dispute settlement mechanisms.

The meeting will also see the establishment of technical Working Groups on investments, competition policy and intellectual property rights.

AfCFTA is a …