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Africa


AfCFTA: More free trade? For whose benefit?
So what does this trade deal mean for ordinary Africans in a time of deep climate, economic and food crises?
Remove trade barriers to increase per capita income, IMF tells African leaders
Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), says African governments must remove trade barriers to increase the continent’s per capita income.
Kenya and US in advance talks on AGOA extension as exports soar to Sh50b
Kenya and the United States are in advanced talks to extend the African Growth Opportunity Act (Agoa) for another 10 years.
Kenya, US finalizing new trade deal
Kenya and the United States are finalizing a new trade agreement. President William Ruto and his US counterpart, Joe Biden agreed to expedite the Strategic Trade and Investment Partnership agreement.
United States and Kenya to hold second negotiating round under the Strategic Trade and Investment Partnership
The United States and Kenya will hold a second in-person round under the Strategic Trade and Investment Partnership (STIP) in Washington, DC, from October 4-7, 2023.
EU-Kenya Economic Partnership Agreement closer to approval
The EU-Kenya Economic Partnership Agreement (EPA) has today taken a step towards approval, with the Commission sending to the Council proposals for its signature and conclusion.
South Africa to motivate for AGOA renewal for Africa’s development
South Africa will motivate for the extension and renewal of the US preferential trade framework the African Growth and Opportunity Act (AGOA) for itself and other African countries.
US confirms SA will host AGOA summit despite Russian rift
Despite US threats that it should be moved to another country, South Africa will continue to host a summit between the US and beneficiaries of the African Growth and Opportunity Act (AGOA) in November.
No ’copy-paste’: AGOA must change, says US trade chief
The top US trade official said renewing the nation’s preferential access programme for African products without changes counters the Biden administration’s objectives in global commerce.
The new colonialist food economy
This past summer, the global trade regime finalized details for a revolution in African agriculture. Under a pending draft protocol on IPR, the trade bodies sponsoring the AFCFTA seek to lock all 54 African nations into a proprietary and punitive model of food cultivation.
Tunisia to review free trade agreement with Turkey
Tunisia’s ministry of Trade is set to amend a free trade agreement with Turkey, believed detrimental to the North African country, reports say.
United States and Africa: increased engagement regarding trade creating opportunities in the African free trade area
A memorandum of understanding (MoU) was signed in December 2022, between the United States (US) trade representative and the AfCFTA Secretariat at the US-Africa Leaders’ Summit (Summit) in Washington DC.
AfCFTA will unlock opportunities for BRICS member countries
In order for businesses to fully take advantage of the opportunities provided by South Africa being part of BRICS and Africa, several infrastructure challenges have to be overcome, which the African Continental Free Trade Agreement (AfCFTA) could help solve.
Comorian president wants to accelerate intra-African trade
Accelerate the construction of a large African trade zone free of customs duties, in particular. This is what Comorian President Azali Assoumani, who this year holds the presidency of the African Union, is committed to.
Russia includes Morocco in a North African free trade zone project
A few days after the Russia-Africa Summit, Russia has announced that it is working on a free trade agreement with several North African countries, including Morocco.
Whitman says US-Kenya bilateral trade pact to be concluded by end of year
United States Ambassador to Kenya Meg Whitman has revealed that the US-Kenya bilateral trade agreement is set to be concluded by the end of the year as a pace setter for Africa.
What future for seeds under the African Free Trade Area?
The African Union is putting the finishing touches to the draft protocol on intellectual property rights to the agreement establishing the African Continental Free Trade Area.
Despite AfCFTA, Nigeria’s intra-African trade down 12%
Nigeria’s intra-African trade value dipped 11.95 per cent year-on-year (YoY) from N956.93 billion in the first quarter of 2022 (Q1 2022) to N842.6 billion in Q1 2023, despite operation of the African Continental Free Trade Area (AfCFTA) since 2021.
South Africa government officials head to US to save AGOA trade deal
A South African government delegation will embark on a charm offensive in the US this week aiming to defuse tensions with the African nation’s second-biggest trading partner over foreign policy and retain its preferential access to American markets.