African Continental Free Trade Area
MAN insists on negotiation mandates, others for AfCFTA implementation
Preparatory to the implementation of the African Continental Free Trade Area (AfCFTA), in July, the Manufacturers Association of Nigeria (MAN), has insisted that key technical concerns should be addressed
‘Addressing domestic market challenges crucial for successful AfCFTA implementation’
Preparatory to the African Continental Free Trade Area (AfCFTA) implementation in July 2020, stakeholders in Nigeria’s real sector have identified the need for the country
Reps committee rallies behind Nigeria Air, flag carriers to deepen stake in AfCFTA
The House of Representative Committee on Aviation has rallied behind the proposed national carrier to deepen Nigeria’s stake in the African Continental Free Trade Area (AfCFTA) pact.
‘4,301 manufacturing tariff lines at stake without AfCFTA safeguards’
If liberalisation under the African Continental Free Trade Area (AfCFTA), is not checked through some safeguard measures, about 4,301 of 4,779 total manufacturing tariff lines of five per cent, 10 per cent, and 20 per cent will be moved to zero per cent in the first five years.
Buhari pledges support for Libya’s stability
President Muhammadu Buhari has pledged Nigeria’s continued support for Libya’s quest to regain political and security stability. Mr Femi Adesina, the President’s Special Adviser on Media and Publicity, in a statement in Abuja on Monday, said Buhari made the pledge at a bilateral meeting with the Head of Libya’s Government of National Accord (GNA), Fayez…
Buhari to attend AU Summit in Niger Republic
President Muhammadu Buhari will depart Abuja on Saturday for Niamey, Niger Republic to attend the African Union (AU) Summit, scheduled to hold on July 7. A statement issued by the President’s Special Adviser on Media and Publicity, Mr Femi Adesina, in Abuja on Friday, said the president would participate in the 12th Extraordinary Session of…
Nigeria and South Africa: Africa’s sleeping giants?
In a year packed with many African elections, Nigeria went to the polls in February and South Africa voted last week. This begs the question of the significance of the elections on both countries’ relations and influence in Africa. Abuja and Pretoria enjoy a remarkable status in Africa. This stems from their coercive or hard…
AfCFTA implementation may drag till June 2020
Despite the ratification of the African Continental Free Trade Area (AfCFTA) Agreement by 22 countries, the delay by four countries in depositing their instruments, as well as other trade issues needed to be addressed before the deal becomes operational, may stall the implementation beyond the proposed date of July, 2019. The AfCFTA is expected to…
‘AfCFTA ratification hinged on resolution of modalities for restricted goods’
Inability of African Union member-states to address the modalities of the restricted goods under the technical negotiations for the African Continental Free Trade Area (AfCFTA) may be responsible for the stall in ratification of the trade deal. This insight was revealed at the inaugural Intra-African Trade Fair in Cairo, Egypt. With members agreeing to liberalise…
Afreximbank hopeful of economic growth through CFTA
The African Continental Free Trade Area (AfCFTA) will lead to Africa’s economic development and bring about a better future for the continent, Dr. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), has said. Contributing to a panel discussion on “Financing Intra-African Trade” during the Business Forum held in Kigali recently to mark the launch…
Afreximbank commits $25b to promote intro-African trade in five years
The African Export-Import Bank (Afreximbank) has said it will disburse about $25 billion dollars in support of intro-African trade during the five years ending in 2021 under an Intra-African trade strategy it launched in 2016 in anticipation of the African Continental Free Trade Area (AfCFTA). Speaking during a special luncheon for heads of states and…