Tag: African Continental Free Trade Area (AfCFTA)
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AfCFTA and Dangote’s refinery will make fuel cheaper – Energy Consultant
Energy analyst and lead technical consultant to the Chamber of Petroleum Consumers (COPEC), Dr Yussif Sulemana says the African Continental Free Trade Area Agreement (AfCFTA) coupled with the establishment of a state-of-the-art refinery by Nigerian businessman Aliko Dangote stand the potential to significantly reducing the cost to refined crude products on the continent. He stated…
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Take advantage of AfCFTA to revive your businesses – Akufo-Addo
Following the start of trading under the African Continental Free Trade Area (fCFTA) on January 1, 2021, President Akufo-Addo has assured there will be intensified public education on the agreement in order to attract more businesses to take advantage of it. AfCFTA is an agreement among 54 African countries with an estimated potential of boosting…
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Stakeholders charged to eliminate barriers likely to impede success of AfCFTA
Secretary-General of the African Continental Free Trade Area (AfCFTA) Wamkele Mene, says signatories and other stakeholders to the trade agreement are aware there will be a period of protectionism in the various countries even after AfCFTA comes into force from January 1, 2021. According to the World Bank, AfCFTA will lift 30 million Africans out…
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AfCFTA Secretariat to address dumping of substandard goods concerns of member states
The African Continental Free Trade Area (AfCFTA) Secretariat has hinted of plans to address concerns of standardization of goods and services by some member countries. The Secretariat says the various standardization authorities across the continent are collaborating to address the issue. Nigeria’s borders have long been closed over concerns of dumping of poor quality good…
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AfCFTA commences first meeting on trade and goods
The African Continental Free Trade Area (AfCFTA) Secretariat has begun its first meeting of the Committee on Trade and Goods. Concurrently, the subcommittee on Trade Facilitation Customs Cooperation and Transit is also meeting. In an interview with Citi Business News, Head of AfCFTA Affairs at the Customs Division of GRA, Fenchi Akoto, indicated that the…
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Only 26.2% of firms in Ghana are aware of AfCFTA – GSS
The Ghana Statistical Service has disclosed that only 134,000 businesses are currently aware of the African Continental Free Trade Area (AfCFTA) agreement, making up 26.2 percent of firms nationwide. The African Continental Free Trade Area (AfCFTA) agreement is set to commence in January 2021 with an estimated potential of boosting both intra-African trade by 52.3…
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AfCFTA Secretariat to launch new digital payment platform to facilitate trade
The Africa Continental Free Trade Area (AfCFTA), is set to launch a payment and settlement digital platform with the aim of enhancing market access within the region. The Secretary-General of the AfCFTA, Wamkele Mene, who made this known at the 2nd National Conference on the AfCFTA in Accra on Tuesday, said the payment and settlement…
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AfroChampions recommends virtual summit among African Trade Ministers over AfCTA implementation
Policy and advocacy think tank, AfroChampions, is urging African Trade Ministers to convene a virtual summit under the aegis of the African Union to keep on track the operation of the African Continental Free Trade Area (AfCFTA) amidst the Coronavirus pandemic. According to the policy group, this high-level meeting would be an opportunity to discuss…