Latest News for: Africa free trade


Strengthening U.S.-African partnerships

B & FT Online 17 May 2024
To address these challenges, Botswana’s head of state emphasized the importance of the African Continental Free Trade Area (AfCFTA), which is expected to boost Africa’s income by $450 ...

Spiro Agrees to US$50 Million Debt Facility with Afreximbank to Accelerate Expansion

Capital Ethiopia 17 May 2024
For 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialization ...

Invest in African Energy (IAE) 2024: Integrated Energy Mix to Bolster Southern African Power Supply

Business Ghana 17 May 2024
Given the energy crisis in South Africa, these initiatives stand to support energy security through regional trade. Nuclear energy is the only carbon-free energy resource that can produce electricity and heat at the same time.

Zimbabwe: African Development Bank’s $15 million Trade Finance Package for First Capital Bank to support ...

Capital Ethiopia 15 May 2024
... has approved a $15 million trade finance package for First Capital Bank (FCB) in Zimbabwe to help bolster intra-African commerce in line with the goals of the Africa Continental Free Trade Area.

As Zenith Bank’s Onyeagwu Ignites Zenpay Fintech, Partners AfCFTA

This Day 15 May 2024
“In Africa, intra-African trade constitutes only about 20% of total trade, with the rest going overseas, despite Africans making up 18% of the world population but contributing less than 5% to global GDP.

Dubai Gold Traders Push for Streamlined Regulations

The Arabian Post 15 May 2024
... of the gold trade ... Dubai has long been a global hub for the gold trade, attracting international businesses with its duty-free status and proximity to major gold producers in Africa and Asia.

BoG profits unduly from high rates

B & FT Online 15 May 2024
...Ghana is gradually becoming a net receiver of goods and services exported under the Africa Continental Free Trade Area (AfCFTA), nearly two years after piloting the guided trade initiative (GTI)”.

Lack of investments in African FinTechs can slow the pace of innovation – Governor

Ghana Business News 14 May 2024
He said with regards to intra-African trade, the Pan-African Payment, and Settlement System had been developed to support free trade across the continent in line with the objectives of the Africa Continental Free Trading Area.

Freight forwarders vies to host largest annual global logistics event

Capital Ethiopia 13 May 2024
The burgeoning African Continental Free Trade Area is considered an important factor in bringing the forthcoming convention to Africa, as FIATA has only held three congresses on the continent during its 100-year existence.

Such a time as this …. A man for the times; a man for the moment

B & FT Online 10 May 2024
... across the continent will fast-track Africa’s ambition to position itself as the foremost global trade powerhouse powered by the African Continental Free Trade Area Framework” at Uhuru Gardens.

SA is key destination for investment, says Stellantis SA CEO

Independent online (SA) 08 May 2024
South Africa was one of the key destinations for investment, Mike Whitfield, the CEO of Stellantis South Africa, said yesterday ... You have the African Continental Free Trade Area, which will happen.

Chinese President Xi given red carpet welcome in Serbian capital

Beijing News 08 May 2024
... of dollars into Serbia's economy as part of its Belt and Road economic development program in parts of Asia, Africa and Europe, along with a free-trade agreement the two sides approved last year.

Ghana and India set to link payment systems for instant fund transfers

Business Ghana 07 May 2024
The ongoing dialogue also highlighted the collaborative opportunities presented by the African Continental Free Trade Agreement (AfCFTA).

Greater government co-ordination on industrial policy needed, says Patel

Business Day 07 May 2024
Another highlight was the negotiation and finalisation of the Africa Continental Free Trade Area agreement and the conduct of market inquiries in the data, healthcare, grocery and online markets which ...