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CAIRO — The African Continental Free Trade Area (AfCFTA), which entered into force on January 1 last year, promises to accelerate the diversification of the region’s economies and reduce the impact of commodity-price cycles on growth. Whereas Africa’s external trade is dominated by primary commodities and natural resources, the first shipment under the AfCFTA, from Ghana to
According to the “The Better Africa” report the failure rate for startups on the African continent, between 2010-2018, was at 54.20% on average, with Ghana (73.91%) and Nigeria (61.05%) with some of the highest failure rates. While there are multiple contributing factors to why businesses fail, companies like Code Management…
Federal Government, yesterday, received two million doses of the Johnson & Johnson (J&J) vaccine, donated by Team Europe through the COVAX facility.
The AfCFTA has the power to economically transform Africa, but to succeed it needs to go beyond mere trade liberalisation, says the chief economist at Afreximbank.
The African Continental Free Trade Area has exciting implications for the continent’s economies and people. Global Insight examines the scope of what has been agreed, and the important role of lawyers in enabling the full potential of free trade.