Tag: AfCFTA

UBA, AfCFTA partner to invest $6bn to finance African SMEs
Business

UBA, AfCFTA partner to invest $6bn to finance African SMEs

In accordance with a contract signed between United Bank for Africa Plc and the Secretariat of the Africa Continental Free Trade Area, the bank will finance qualifying SMEs in Africa up to US$6.0 billion over the course of the following three years. According to Vanguard, the bank and AfCFTA finalized the contract in Accra, Ghana, […]

Economy

Why Africa must decrease intra-African, global trade costs – Okonjo Iweala

President of the World Trade Organization, Dr. Ngozi Okonjo Iweala, has stated that in order for Africa to successfully implement the African Continental Free Trade Area, we must lower the costs associated with doing business both within the continent and with the rest of the world. Nairametrics reported that she emphasized that some tariffs and obstacles result […]

Why insurance sector needs repositioning - FG
Insurance

Why West Africa’s insurance sector needs upgrade – Finance Minister

Nigeria’s Minister of Finance, Dr. Zainab Ahmed, has urged insurance stakeholders in West Africa to update their operations in order to take advantage of the African Continental Free Trade Agreement and expedite intra-African trade. According to Nairametrics, the Minister made this announcement on Monday during the “Repositioning Insurance Industry in West Africa for Global Competitiveness” […]

Nigerians not aware of all opportunities provided by AfCFTA - Stakeholders
Economy

AfCFTA will overcome limits of Africa’s fragmented markets – Osinbajo

Nigeria’s Vice President Yemi Osinbajo has said that the African Continental Free Trade Area would overcome the limitations of Africa’s tiny, fragmented markets, and it will have a significant impact on trade inside the continent in terms of both commodities and services. According to Nairametrics, the Nigerian Diaspora is the forerunner in keeping up with […]

Flutterwave’s non-code platform Disha temporarily shuts down
Tech

Flutterwave named African Fintech Summit’s lead sponsor

The Africa Fintech Summit has announced Flutterwave as the Lead Fintech Sponsor for the African Fintech Summit in 2023, which will take place in one African city in November 2023 and also in Washington, DC, on April 12, 2023. The sponsorship follows the most recent licenses granted to Flutterwave in Egypt, enabling it to become […]

Buhari
News

AfCFTA will boost Nigerian exports by 15% – Buhari

The President, Major General Muhammadu Buhari (retd.), has said that the African Continental Free Trade Agreement will increase Nigeria’s exports by more than 15 per cent in fishery, textile, leather, wood and papers, metals, electronics, vehicles and transport equipment. Buhari stated this at the ninth African Shippers’ Day with the theme: “African Continental Free Trade […]

Business featured

US, Africa sign MoU to foster trade

The United States Chamber of Commerce’s, Africa Business Center and the African Continental Free Trade Area Secretariat have signed a Memorandum of Understanding (MoU) today to form a working group to promote trade and investment between the United States and Africa, The MoU is also in the bid to reaffirm the private sector’s commitment to […]