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Are you hopeful about the African Continental Free Trade Area (AfCFTA)?
Dr. Mwangi said that the countries technological advancement and a vibrant services sector is a major boost for Kenya as the main driver of the realisation of AfCFTA.
Source: https://www.kbc.co.ke/invest-in-export-markets-to-unlock-afcfta-equity-ceo-urges/
Explaining the genesis of the 4D initiative, the AU spokesperson said: “The 4D Initiative builds on the Trillion Dollar Fund (TDF) announced in 2020, which initially focused primarily on driving trade in goods manufactured in Africa under the AfCFTA.”
He emphasised the importance of the AfCFTA for SMEs, noting that the agreement is not for big corporations.
Source: https://punchng.com/africa-to-earn-over-58bn-devt-aid-through-afcfta/
He said the West Africa sub-region is troubled by coup d’etats, violent extremists and terrorist attacks saying these are a threat to the African Continental Free Trade Area (AfCFTA) with its Secretariat hosted in Ghana.
“Infrastructure is among the key elements essential to making AfCFTA work effectively.
Source: https://www.kbc.co.ke/pmi-accelerate-infrastructure-development-to-promote-intra-continental-trade/
In May, it was revealed that Ghana and Kenya planned to strengthen their commercial ties under the African Continental Free Commercial Area (AfCFTA) with a market entrance expedition in Nairobi.
“In regards to the AfCFTA, it opens a new era of trade governance in Africa, and it must be viewed as an opportunity to implement necessary structural reforms in African countries,” he observed.
It is a must attend event for everyone interested in trade and investments in and across Africa’s single market of 1.4 billion people which has been created by the AfCFTA and which has a combined Gross Domestic Product of over US$3.5 trillion.
Many companies credit their success in Africa to leveraging macroeconomic trends, anticipating the positive impact of the AfCFTA and focusing on the key enablers that facilitate increased intra-African trade.
Source: https://www.africa.com/case-studies-strategising-for-a-new-era-of-african-trade/
The engagement at WEF will explore how public-private partnerships can support the implementation of the AfCFTA.
The renewed agreement responds to changes in the global economy and the ongoing regional integration process in Africa underpinned by the African Continental Free Trade Area (AfCFTA).
These platforms include those already in wide use such as PanaBIOS, ProPer and AfCFTA Hub, and emerging ones such as Tranzyt and Transforma.
The workshop was for the Master Trainers from Business Associations on the AfCFTA.
Source: https://newsdiaryonline.com/ecowas-builds-private-sector-capacity-to-take-advantage-of-afcfta/
With the advent of the African Continental Free Trade Area (AfCFTA), a gateway to opportunities on the African market, he noted that emaSwati have their work cut out for them.
Source: http://www.times.co.sz/news/141980-come-back-as-investors-king-urges-emaswati-in-us.html