THE Federal Government has inaugurated Nigeria-East/Southern Africa Market Intelligence Tool (MIT), to strengthen trade leadership and accelerate Nigeria’s trade competitiveness under the African Continental Free Trade Area (AfCFTA). Dr Jumoke Oduwole, Minister, Trade, Industry and Investment, while inaugurating the MIT, in Abuja on Monday, said the effort was to ensure the effectiveness of the initiative. … Read more
ASK any traveller about moving across Africa, and you will likely hear about high costs, indirect routes, and unpredictable schedules. These challenges expose the urgent need for deeper economic integration and seamless connectivity across the continent. AfCFTA: a game-changer for African trade The African Continental Free Trade Area (AfCFTA) presents a massive opportunity for economic transformation. According … Read more
THE African Continental Free Trade Area (AfCFTA) is gaining momentum, with 48 nations officially ratifying the agreement, paving the way for deeper economic integration across the continent. According to AfCFTA Secretary-General Wamkele Mene, trade among 19 African nations under the framework is already in progress. Progress in trade implementation Mene, speaking to the state-run Ethiopian News Agency on Tuesday, … Read more
THE Economic Commission for Africa (ECA) and the AfCFTA Secretariat have formalised a strategic partnership to accelerate the implementation of the African Continental Free Trade Area (AfCFTA). The two institutions signed a Memorandum of Understanding (MoU) during the Africa Business Forum (ABF 2025) in Addis Ababa, Ethiopia, marking a key milestone in Africa’s trade and economic integration agenda. The … Read more
GHANAIAN President John Dramani Mahama has called on African nations to significantly ramp up investments in infrastructure in order to accelerate the African Continental Free Trade Area (AfCFTA) agenda. Speaking at the 2025 Africa Prosperity Dialogue on Saturday, Mahama emphasised that the continent has the potential to unlock a trillion-dollar single market if critical infrastructure is developed … Read more
AFRICA’S energy sector is primed for significant growth, bolstered by the African Continental Free Trade Area (AfCFTA), a landmark trade agreement reshaping the continent’s economic landscape. According to Reuters, the continent’s most electrified nations, including South Africa, Egypt, Kenya, and Ghana, are at the forefront, attracting investments and fostering socio-economic development. Renewable energy is playing a … Read more
THE African Continental Free Trade Area (AfCFTA), the world’s largest free trade agreement by country participation, is beginning to take shape despite the initial hurdles of integrating 54 nations. The AfCFTA spans a market of 1.3 billion people and represents a combined GDP of $3.4 trillion, offering enormous potential for economic growth, intra-African trade, and … Read more
THE Secretary General of the African Continental Free Trade Area (AfCFTA), Wamkele Mene, has expressed disappointment over South Africa’s reluctance to ratify the Pan-African Payment and Settlement System (PAPSS), a crucial tool designed to cut trade costs and enhance the continent’s economic integration. PAPSS, developed in collaboration with the African Union, allows businesses across Africa … Read more