Trade & Development

The global community faces immense challenges, from eradicating poverty and hunger to promoting economic growth and combating climate change. To address these pressing issues, the United Nations (UN) introduced the Sustainable Development Goals (SDGs) in 2015. Simultaneously, the African Union launched the African Continental Free Trade Area (AFCFTA) with the aim of fostering regional integration […]

The Fund for Export Development in Africa (FEDA), the development impact-focused subsidiary of African Export-Import Bank (Afreximbank), has announced the accession of the Gabonese Republic and the Republic of Sierra Leone to the Fund through their recent respective signing of the FEDA Establishment Agreement. FEDA described the accession by the two countries as a significant

The umbrella bodies of the African Continental Free Trade Area (AfCFTA) private sector have called for the removal of visas and reduction of custom processes to ease movement of goods within the African continent. The African Business Council (AfBC) that brings together regional economic communities (RECs) decried inconsistent and inadequate freight and logistics at the

Relying heavily on one market, such as Europe or America, can expose Ghanaian businesses to economic uncertainties and fluctuations in demand. By diversifying their export destinations to include other African countries, Ghanaian businesses can spread their risk, reduce vulnerability to fluctuations in the European or American markets, reduce dependence on a single market and create

The AfCFTA Secretariat and Afreximbank were mandated by the African Union (AU) Summit of Heads of State and Government and the AfCFTA Council of Ministers responsible for trade to establish the AfCFTA Adjustment Fund to support AfCFTA State Parties to adjust to the new liberalised and integrated trading environment established under the AfCFTA Agreement. The

  The African Continental Free Trade Area (AfCFTA) is an ambitious and historic agreement that has the potential to transform Africa’s economic landscape. It aims to create a single market for goods and services, facilitate the free movement of people and investments, and foster economic integration among African nations. While the AfCFTA offers immense opportunities

The Agreement has, thus far, been signed by 54 of the 55 African Union (AU) Member States. Forty-four countries have deposited their instrument of ratification, but only four have ratified the Protocol on the movement of people. Intra-African trade, currently less than 15 per cent of the continent’s total trade, is largely stifled by stringent

The African Continental Free Trade Area (AfCFTA) is a flagship project of Agenda 2063 aimed at creating a single African market for goods and services facilitated by free movement persons, capital, investment to deepen economic integration, promote and attain sustainable and inclusive socio-economic development, gender equality, industrialization, agricultural development, food security, and structural transformation. The

  The first Tanzanian received a certificate of origin yesterday to trade in the African Continental Free Trade Area (AfCFTA). Presenting the certificate yesterday, the acting vice president of the Tanzania Chamber of Commerce, Industries, and Agriculture (TCCIA), Mr Vicent Minja said the certificate will allow the businessman to get a reduction in customs duty

As Ghanaian businesses continue to grow and expand, it is crucial to recognize the immense value and potential of exporting to other African countries. While Europe and America have traditionally been considered attractive markets, there are several compelling reasons why highlighting exports to other African nations should take center stage. This article aims to shed