The government of Ethiopia needs to harmonize it financial rules and regulations with the rest of African countries in order to unlock intra-Africa trade potential, a UN offcial said.
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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.
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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.
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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.
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Building up to the Inaugural Intra-African Trade Fair (IATF) the Export Promotion Council of Kenya (EPC) and the African Export – Import Bank (Afreximbank) discussed strategies to deepen Kenya – Africa trade.
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The city of Casablanca, Morocco, is set to host African Export-Import Bank (Afreximbank’s) annual meeting on ‘structured trade finance’ next November.
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