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Africa’s make-or-break moment 25 Jan 2021 Foresight: Leading African economist Carlos Lopes was behind the push for Africa to become a free trade area, which came into effect on 1 January In September 2012, Carlos Lopes flew to South Africa to meet Nkosazana Dlamini-Zuma, the veteran Cabinet minister who was about to start her new job in Addis Ababa as chair of the African Union Commission. Lopes, an economist from Guinea-Bissau, was also based in the Ethiopian capital — he had just been appointed as director of the United Nations Economic Commission for Africa. At the time, the AU was di...

Daily Monitor Tuesday January 19 2021 How the AfCFTA is implemented will have serious ramifications on both small and large enterprises. PHOTO/EDGAR BATTE. Summary The quest for Africa’s unity and formation of African Economic Community which AfCFTA seeks to promote, goes back to independence and the struggle for economic decolonization.  Advertisement In its current form, AFCTA winners will be the big businesses. Small and fragile economies, will struggle to benefit from AfCTA if there is no deliberate attempts to redesign the structure to propel rather than predispose sectors that should...

Potential unleashed SHI YU/CHINA DAILY African Continental Free Trade Area agreement presents Africa with a unique opportunity to unleash its economic potential The heads of state of the African Union have underscored the urgent need for member states to start trading under the African Continental Free Trade Area from Jan 1. This was indicated during a virtual meeting of the 13th Extraordinary Session of the African Union Heads of State and Government on the African Continental Free Trade Area on Dec 5. It means Africa is moving closer to realizing its generations-long ambition of creatin...

As AU urges members to start trading under new treaty The African Union (AU) has stated that the principle of reciprocity would define the exchange of tariff concessions between state parties under the African Continental Free Trade Area (AfCFTA). x Besides, the African Union Heads of State and Government has underscored the urgent need for member states to kick-start trading activities under the trade deal. The body said this during a virtual meeting of the 13th Extra-Ordinary Session of the Assembly of the Union on the AfCFTA, held under the President...