Browsing: African Continental Free Trade Area

E-barriers are even more cumbersome than barriers to physical trade…

AfCFTA must be an engine for growth as much as an engine for inclusion.…

Greater manufacturing potential as low-cost manufacturing opportunities continue to move to Africa.…

Accounting for about 16 per cent of the world’s human population, the demands continue increasing especially for job creation, food security and education among others.…

The initiative intends, therefore, to bring the prices and exchange rates of all African countries into one platform…

It is crucial for Africa to integrate its financial systems to create a mutualized system of financial stability that works for the continent or regional monetary cooperation as in East Asia.…

Promoting economic diversification and industrialization in Africa is now a matter of priority …

The trade agreement will provide business opportunities enhancing industrialization in Africa in line with the AU’s Agenda 2063: The Africa We Want.…

East Africa’s economy is tremendously dynamic and until now, it has been one of the fastest-growing sub-regions in Africa since 2013.

As of 2019, before the covid-19 coronavirus pandemic, the region was expanding at more than double the continental average.

Boasting of having three of the world’s ten fastest-growing economies in 2019, the East African countries of Ethiopia, Rwanda and Tanzania, it is now time for the region to put in place measures that will assure the growth of the region post the coronavirus pandemic.

Is Kenya abandoning trading blocs’ agreements for the US?

Despite the low per capita incomes that have prevailed for decades, the region has experienced some notable social gains including East Africans living 6.7 years longer now on average than they did a decade ago.

But even with these positive trends, the region still suffers from a number of serious vulnerabilities to its ability to sustain …

African countries should support each other if they are to bounce back fast after the covid-19 coronavirus pandemic which has paralysed the global economy.

The continent has immense wealth in resources including labour thus it can easily achieve economic freedoms without having to rely on aid.

With technology, Africa can also easily jumpstart its economy since the tried and tested methods which can support industries and agriculture among other sectors are easily available. Home-grown solutions for local problems are also easily accessible.

With the launch of the operationalisation of the African Continental Free Trade Area (AfCFTA) likely to be pushed from the July 1 date, the continent will have to wait longer to see the impact of opened borders and the free movement of goods between countries.

Intra-regional trade could create 2 million new jobs for East Africa

Kenya’s President Uhuru Kenyatta has underscored the need for African countries to …