Browsing: Covid-19 pandemic

Small-scale cross border trade is highly relevant in eradicating poverty and hunger…

There are five key instruments adopted for the AfCFTA…

A massive industrial development would create regional value chains that would free the continent from the colonial system.…

Beneficiaries receive interest-free loans ranging between Kshs 100,000 (US$ 1000) to Kshs 1.5 million without any collateral.…

How the digitalization of African trade will help realise the AfCFTA

The digitalisation of trade across the continent can significantly boost free trade in Africa, helping to realize the objectives of the Africa Continental Free Trade Agreement (AfCFTA).

To properly implement the AfCFTA, Africa will need digitalisation in the digital and virtual services and making it an enabler of trade in the different sectors.

By 2030, Africa’s population will have grown from the current 1.2 billion people to an estimated 1.7 billion. With this growth, the AfCFTA has to create an integrated African market for these consumers. The aggregated gross domestic product (GDP) from this market could see the market hit US$3.4 trillion after the opening up of the continent’s economic borders.

Read: Africa’s Cashless Payment Revolution

There are, however, various issues such as harmonising standards and improving the existing legal frameworks; enacting cybersecurity, consumer and data protection laws; and …

Those with access to digital infrastructure have not been as economically affected by the pandemic as those with no access.…

ATEX promises a platform that can help anchor AfCFTA.…

South Sudan may be the newest nation in the world but this does not mean that its economy is still too young to be noticed when its trajectory moves upwards.

The Eastern African nation is edging out giants in the region including Kenya and Uganda to become the fastest growing economy in the face of the Covid-19 pandemic. The virus has ravaged economies around the world but for South Sudan, the country is defying the effects to register a 4.1 per cent GDP growth ahead of Ethiopia and Tanzania with close to 2 per cent and Kenya with 1 per cent.

A report by the United Nations Economic Commission on Africa (UNECA) shows that the country of 11 million is outshining its regional peers which will see many countries fall below pre-2020 projections.

Read: Facebook, Google internet to exploit Africa’s online riches

The African Development Bank (AfDB) estimated the country’s …

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

Airlines in East Africa need to learn a thing or two from Ethiopian Airlines to be able to clinch opportunities even in uncertain times.…