AfCFTA

Dec112019 by newbusinessethiopianewsNo Comments

African digital economy meeting opens in Addis Ababa

Trade and technology experts from across Africa today met in Addis Ababa, Ethiopia, for the first session of the committee on private sector, regional integration, trade, infrastructure, industry and technology organized by a UN agency. (more…)

Nov132019 by newbusinessethiopiaNo Comments

How continental free trade benefits Africans

Trade

BY ANDUALEM SISAY GESSESSE - Experts and senior government officials FROM EASTERN African countries have met in Asmara, Eritrea, for the first time from November 5 -7, 2019. (more…)

Nov52019 by newbusinessethiopiaNo Comments

African free trade can create 2 million jobs, doubles growth

Trade

BY ANDUALEM SISAY GESSESSE - Asmara, Eritrea - The implementation of the African Continental Free Trade Area (AfCFTA) agreement signed by African leaders on March 21, 2018, can create two million jobs every year and doubles growth of the continent, a UN official said today. (more…)

Sep92019 by newbusinessethiopiaNo Comments

Ethiopia needs 15 years to implement Africa free trade deal

Trade

The government of Ethiopia needs to get 15 years of preparation in order to impliment the flat / similar trade tariff proposed by the African Free Continental Trade Area (AfCFTA) deal, a government offcial says. (more…)

Jul12019 by newbusinessethiopiaNo Comments

Africa adviced to reduce over-dependence on imported medicines

Manufacturing

The Horn of Africa trade forum ended in Addis Ababa, Ethiopia, calls on African countries to increase domestic production of pharmaceutical products and end over dependence on imported medicines, as the African Continental Trade Agreement (AfCFTA) now in force. (more…)

Apr72019 by NBENo Comments

How continental free trade deal benefits Ethiopia

NBE Blog

By Andualem Sisay Gessesse _ For the past decades much has been said about the need for African countries to be integrated economically and unite to advance development and face challenges collectively. Sub regional economic blocs such as, Economic Community of West African states, South African Development Community, East African Community, Economic Community of Central African States and Common Market for Eastern and Southern Africa, have been achieving good results though some still are facing challenges. (more…)

Mar212019 by NBENo Comments

Ethiopia closer to liberalize financial sector

Finance

The Ethiopian Parliament today passes the African Continental Free Trade Area (AfCFTA) by officially beginning its journey to liberalization of the long awaited financial sector. (more…)

Feb22019 by newbusinessethiopiaNo Comments

Ethiopia passes continental free trade deal

Trade

The Council of Minister of Ethiopia today approves the African Continental Free Trade Agreement (AfCFTA), which envisages creating the largest common market in the world. (more…)

Dec62018 by newbusinessethiopiaNo Comments

Moving Africa Free Trade Area deal with quick win solutions

Trade

A total of 44 African nations signed the landmark African Continental Free Trade agreement earlier this year, with only 12 out of the required 22 countries ratifying the accord, but policy makers say there is time enough - and practical solutions - to move the process ahead. (more…)

Nov262018 by newbusinessethiopiaNo Comments

Addis Ababa to host continental trade meeting

Trade

African countries seeking to reduce the cost, time and complexity of interregional and international trade in goods will gather tomorrow for the First African Forum for National Trade Facilitation Committees in Addis Ababa, Ethiopia. (more…)

Nov202018 by newbusinessethiopiaNo Comments

Why Africa implements continental free trade area

Trade

By Andualem Sisay Gessesse - Kigali, Rwanda – It has been eight months since 44 African countries subscribed to advance free movement of people and goods within the continent by signing the African Union’s African Free Continental Trade Area Agreement (AfCFTA) agreement. (more…)

Nov132018 by newbusinessethiopiaNo Comments

African trade agreement: Catalyst for growth

NBE Blog

By Vera Songwe and Mamadou Biteye - Africa is growing, but not fast enough. In order for more than 400 million Africans to rise out of poverty, continued economic growth across Africa’s 54 nations will have to increase an average of 7% annually or more. One strong engine for growth is trade. (more…)