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By James Emejo “The elimination of tariff following the introduction of the African Continental Free Trade Area Agreement (AfCFTA) is expected to boost intra-African trade by 52 per cent and help Nigeria and others benefit from a $29 trillion market by 2050. According to a report by Ernst and Young (EY), titled: “Diversification and Non-oil Export Opportunities for Nigeria States Post-COVID-19,” which was commissioned by the PDF Bridge Programme, through the elimination of tariffs, the enlarged continental market will attract higher FDI flows into the continent to support infrastructure...

Shares The Government of Denmark, represented by its Ambassador to Kenya H.E. Ole Thonke has restated its commitment to support Green Trade and the fight against COVID-19 in the East African region. The Ambassador reinstated this during a signing ceremony of twin Financial Agreements worth Ksh.1.19 billion (USD 17.5 million). The funding will be channeled through TradeMark East Africa (TMEA), a leading Aid for Trade organization renowned for partnering with Eastern African governments to reduce barriers to trade through automation and adoption of sustainable physical infrastructures such as O...

A visa-free Africa will give Africans more access to their continent and business opportunities By Opinion By Ofentse Hlulani Mokwena Right at its borders, Africa has not realised that it perpetuates sovereignties drawn by colonial lines, scrambling its resources, potential for development and inhibiting dignified development and growth. While the headlines do not cover the issue now, it remains unresolved, waiting to hold trade and mobility hostage once more. The hostile queues at border posts have led to delayed supply chains in freight transport, and have become potential super-spreaders ...

The Zimbabwe Independent SHAME MAKOSHORI ZIMBABWE’S industries said this week authorities must address a cluster of hurdles that have discouraged foreign direct investment inflows from the world’s biggest corporations, as the African Continental Free Trade Area (AfCFTA) comes alive in January 2021. In an interview with businessdigest, Confederation of Zimbabwe Industries (CZI) president, Henry Ruzvidzo said while relaxation to trade barriers present opportunities for domestic industries to export into the larger market, authorities will have to work around the clock to lea...