Page 33 - Afcfta News Today

May 17, 2021 The African Continental Free Trade Area (AfCFTA) could shape globalization for years to come, particularly if its architects are able to learn from history. Skeptics of globalization rightly point out the negative aspects of free trade deals. Economic integration leads to heightened competition and structural changes in economies that participate in liberalized free trade areas, resulting in job losses in industries unable to compete. Yet, globalization and the free trade deals tha...

705 The Minister of Trade and Industry, Mr Alan Kyerematen, has called on government agencies and the private sector to pursue practical initiatives to take full advantage of the African Continental Free Trade Area (AfCFTA) aimed at boosting intra-African trade. He said the benefits of intra-African trading would not fall on Ghana’s laps simply because the country is hosting the AfCFTA secretariat. “In terms of having a concrete impact on individuals and communities, we still have quite a ...

Do Covid-19 restrictions threaten democracy itself? Some African governments have used the pandemic as a shield to mask curtailing freedoms and passing draconian legislation 05 May 2021 - 12:08 Mthandazo Ngwenya Picture: 123RF/DMITRIJS KAMINSKIS The livelihoods and social fabrics of communities living in villages, growth points, districts, towns and cities dotted across Africa have been significantly affected by the Covid-19 pandemic. The economic impact caused by lockdo...

Graphic Online BY: Kweku Zurek 705 The African Continental Free Trade Area (AfCFTA), Secretariat, says its Secretary General, Wamkele Mene, will participate in upcoming events after independent PCR tests confirmed that he was issued with a false-positive COVID-19 test result at the Kotoka International Airport (KIA). The Secretariat in a statement issued on April 27, 2021, said after Mr Mene tested positive following an antigen test at the KIA, he went into quarantine and undertook two indepen...

• We Have What It Takes To Compete With China, India – Ikpemini As Nigeria continues to bill over five million electricity customers arbitrarily amid rising cost of electricity, some meter assemblers in the country have started exporting the facility to other African countries to survive alleged Federal Government’s flawed policies. The novel development bolstered by opportunities in the African Continental Free Trade Agreement (AfCFTA), is fuelled by the monopolistic approach adopted by ...

705 A trade expert has said the African Continental Free Trade Agreement (AfCFTA) must open equal opportunities for men and different groups of women to be able to achieve the expected economic growth on the continent. The Chief of Sustainable and Inclusive Value Chain Section of the International Trade Centre (ITC), Ms Vanessa Erogbogbo, said AfCFTA as a strategic framework for delivering on Africa’s goal for inclusive and sustainable development, had to bring real, concrete opportunities fo...

The Director-General, World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, being presented with a bouquet of flowers on arrival at the Presidential Wing of the Nnamdi Azikiwe International Airport, Abuja, yesterday. With her is the Permanent Secretary, Federal Ministry of Industry, Trade and Investment, Dr. Nasir Sani-Gwarzo (second left) and other officials of the ministry. The Director-General, World Trade Organisation (WTO), Dr. (Mrs.) Ngozi Okonjo- Iweala, who began her historic visi...

‘AfCFTA’ll drive Africa’s economic recovery post-COVID-19’ Published 12 March 2021 The Secretary-General, Africa Continental Free Trade Area Secretariat, Mr Wamkele Mene, has described the AfCFTA as a key driver for Africa’s recovery from the impacts of the coronavirus pandemic. Mene was quoted in a statement by the Lagos Chamber of Commerce and Industry as saying this during a courtesy visit to the chamber in Lagos. He said the continent’s ability to trade in merchandise and servic...

The Coordinator of Joint Border Patrol Team (JBPT), Sector III, Comptroller Olugboyega Peters, has assured Nigerians that his team will prevent smuggling of fake coronavirus disease (COVID-19) vaccines through any of the borders within its jurisdiction. Peters, in conjunction with senior officers of the army and other security agencies, told reporters during a press briefing in Ilorin, Kwara State, yesterday that members of his team had promptly added COVID-19 vaccines to the list of its contra...

March 3, 2021 African logistics startups are positioning themselves to play a key role in the African Continental Free Trade Area (AfCTA), the largest free-trade area in the world by the number of participating countries, which launched on Jan. 1. As businesses that tend to think about being in multiple markets from the onset, startups can help tackle some of the biggest goals of the agreement, such as common payment systems and common user experiences, says Onyekachi Izukanne, co-founder and C...