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.
Tag: AfCFTA
African free trade can create 2 million jobs, doubles growth
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.
Ethiopia needs 15 years to implement Africa free trade deal
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.
Africa adviced to reduce over-dependence on imported medicines
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.
How continental free trade deal benefits Ethiopia
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 […]
Ethiopia closer to liberalize financial sector
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.
Ethiopia passes continental free trade deal
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.
Moving Africa Free Trade Area deal with quick win solutions
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.
Addis Ababa to host continental trade meeting
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.
Why Africa implements continental free trade area
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.
African trade agreement: Catalyst for growth
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.
Nigeria says free Africa trade propels greater development
The African Continental Free Trade Agreement (AfCFTA) has huge potential to move Africa to dizzy heights of development on the platform of the African Union’s Agenda 2063, says Nigeria’s Industry, Trade and Investment Minister, Mr. Okechukwu E. Enelamah. Nigeria is yet to ratify the AfCFTA.
Continental free trade to support Africa’s industrial exports
By Omer Redi – The African Continental Free Trade Area (AfCFTA) is a unique and timely opportunity for the continent and offers more benefits than other trading arrangements with regions outside the continent, said Mr Andrew Mold, Acting Director of UN Economic Commission for Africa (ECA) in Eastern Africa.