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Africa ministers discuss commodity prices plunge – New Business Ethiopia

Africa ministers discuss commodity prices plunge – New Business Ethiopia
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Empowering Women in Processing: The African Women in Processing initiative

Empowering Women in Processing: The African Women in Processing initiative
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African Union begins the Process of Validating SME Strategy and Master Plan 2017-2021

African Union begins the Process of Validating SME Strategy and Master Plan 2017-2021
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African SMEs yet to be fully integrated into the regional value chains system

CAPE TOWN, South Africa, June 30, 2022/ The first African Union (AU) SME Annual Forum is aimed at realizing Africa’s industrialization in the context of the integrated market, experts reveal. And they also add that Small and medium-sized enterprises (SMEs) form the backbone of the African economy, representing more… ....

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Breaking News | Africa: Africa's Free Trade Agreement - Great Expectations, Tough Questions

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The start of trading under the African Continental Free Trade Area (AfCFTA) agreement on 1 January 2021 marks the dawn of a new era in Africa’s development journey. Over time, the AfCFTA will eliminate import tariffs on 97% of goods traded on the continent, as well as address non-tariff barriers.
Opening up a market of over 1.3 billion people is expected to spur more intra-African trade while increasing the appeal of direct investment in Africa for the rest of the world.
Intra-Africa trade has historically been low. In 2019, only 12% of Africa’s $560 billion worth of imports came from the continent. African countries have also been trapped in the lower levels of the global economy by selling low-value raw materials and buying higher-value manufactured goods. This is seen as one of Africa’s major challenges for development. The free trade agreement seeks to reverse this. ....

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