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AfCFTA


AfCFTA fails to boost Africa’s global trade share beyond 3% as countries trade more outside the continent
Africa’s global trade participation still stands at less than 3%, largely driven by merchandise trade in 2023, the Economic Commission for Africa (ECA) report on the assessment of progress on regional integration in Africa has said.
Operational phase of the African Continental Free Trade Area launched
The 12th Extraordinary summit of the African Union which was held in Niamey on the 7th of July 2019 was a momentous occasion for Africa, as it saw the successful launching of the operational phase of the African Continental Free Trade Area (AfCFTA).
The AfCFTA’s digital `trade rules are not fit for Africa
African heads of state are slated to meet this weekend for the 37th Ordinary Session of the Assembly of the African Union and they could be prompted to make an unforced error that could weigh heavily in the continent’s plans to promote digital industrialization and the bridging of the digital divide.
Can Africa’s new free trade treaty boost business on the continent?
African leaders will this weekend gather in Addis Ababa for the annual summit of the African Union (AU) to discuss key business issues, including plans to make Africa a global economic powerhouse.
Battle for biodiversity: AfCFTA’s Intellectual Property Protocol unveiled
The African Union is finalizing the draft protocol on intellectual property rights to the agreement establishing the African Continental Free Trade Area (AfCFTA).
US invests $160 million to support AfCFTA, trade facilitation
The United States (U.S.) government said it has contributed $160 million to support the African Continental Free Trade Area (AfCFTA) and expand trade in goods and services between the U.S. and Africa.
Kenya and South Africa launch first consignment under the continental free trade agreement
Kenya and South Africa have jointly launched the first consignment under the African Continental Free Trade Agreement (AfCFTA) framework, signalling commitment to a united African market.
AfCFTA secretariat set to establish protocol on digital trade this month, says Wamkele Mene
The secretary general of the African Continental Free Trade Area (AfCFTA) Secretariat, has said the secretariat is set to establish a protocol on digital trade this month.
Delay on tariff offers to affect AfCFTA implementation
Full implementation of the African Continental Free Trade Area (AfCFTA) could be delayed further due to the failure of some countries to act decisively on its key pillars.
Three years after AfCFTA ratification: should Africans still rely on it?
The concept of African Continental Free Trade Agreement (AfCFTA) was formed during the 18th Ordinary Session of the Assembly of the Head of the States and Government of African Union (AU) in January 2012, on the theme “Boosting Intra-African trade”, which adopted the decision to establish a free trade area.
24 more African countries join AfCFTA pilot initiative – Report
The African Continental Free Trade Agreement received a significant boost as twenty-four more countries join the Guided Trade Initiative, moving the continent closer to fully integrating into a single market.
Africa Collective in partnership with the AfCFTA secretariat to convene key African & global decision makers in Davos during annual luncheon
Following a successful inaugural Luncheon in 2023, Africa Collective in partnership with the AfCFTA Secretariat will once again be organizing its annual Closing & Outlook Luncheon in Davos on 18 January 2024 from 12:30 noon to 2:30 pm, during the time of the World Economic Forum.
Customs, AfCFTA lament low intra-African trade volume
The Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, has lamented the low trade volume in Africa and the stagnant growth in the continent’s trade.
Ethiopia working aggressively to finalize its accession to WTO, implement AfCFTA
Ethiopia is aggressively working to finalize its accession to the World Trade Organization (WTO) in the coming three years, Minister of Trade and Regional Integration, Gebremeskel Chala remarked.
African governments to consider charter to facilitate trade
The Africa Private Sector Summit has called on African governments to consider the adoption of a Charter on Private Sector Bill of Rights to facilitate the emergence of an enabling environment for trade and investment on the continent.
Ethiopia cautious over potential revenue losses under AfCFTA
Ethiopia’s trade negotiators are taking cautious steps to minimize revenue losses from the impending full implementation of the African Continental Free Trade Area (AfCFTA).
The potential impact of AfCFTA on social security and inclusive development
The African Continental Free Trade Area (AfCFTA) has been touted as the key to unlocking the continent’s economic fortunes. Yet, in a continent that grapples with extreme poverty and inequality, what does this tangibly mean?