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Tag: AfCFTA

AfCFTA: Intra-Africa exports to surpass $1trn by 2035 - Standard Chartered
featured

AfCFTA: Intra-Africa exports to surpass $1trn by 2035 – Standard Chartered

Intra-Africa exports are expected to exceed $1 trillion by 2035 following the adoption of the African Continental Free Trade Agreement, according to a survey provided by Standard Chartered Bank Group. According to Vanguard, the global banking organization stated in a report titled “Future of Trade 2023” that the AfCFTA has become essential for promoting intra-African trade […]

AfCFTA: Intra-Africa exports to surpass $1trn by 2035 - Standard Chartered
featured

Why E-commerce is vital to $3.4tn AfCFTA market – Stakeholders

E-commerce, according to stakeholders, has the potential to expand the $3.4 trillion African Continental Free Trade Area market. The Punch reported that they made these remarks on Wednesday at a workshop in Lagos that looked at how Nigeria may benefit from the free trade initiative. The Lagos Chamber of Commerce and Industry organized the session […]

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

Nigeria to engage in continental trade initiative – AfCFTA

Nigeria’s National Working Committee for the African Continental Free Trade Area Executive Secretary, Segun Awolowo, has stated that the country is prepared to participate in the Guided Trade Initiative’s second phase. The goal of the AfCFTA initiative is to facilitate commerce between interested state parties through the connection of companies and goods for export and […]

Conferences

MANEG, AfCFTA secretariat train exporters to boost export revenue

The Manufacturers Association of Nigeria Export Promotion Group and Secretariat of the National Action Committee on the African Continental Free Trade Area has trained exporters in a bid to improve non-oil export enterprise in Nigeria.   Speaking at the flag-off of the training programme which took place in July, acting chairman of MANEG, Odiri Erewa-Meggison, […]

Manufacturers warn price hikes to persist without solutions
Business

MAN trains exporters on maximizing AfCFTA

  The Manufacturers Association of Nigeria, through its Export Promotion Group, has taught Nigerian exporters on how to capitalize on opportunities in the African Continental Free Trade Area. According to The Punch, it developed the capacity during a two-day workshop with the theme “Exporting under the AfCFTA” that was held in Lagos in cooperation with […]

AfCFTA: Intra-Africa exports to surpass $1trn by 2035 - Standard Chartered
Business

AfCFTA implementation begins as MAN trains exporters

The Manufacturers Association of Nigeria’s Export Group has trained local exporters as eight African countries begin exporting under the African Continental Free Trade Agreement’s Guided Trade Initiative. The Punch reported that this information was presented by the MANEG Chairman, Mrs. Odiri Erewa-Meggison, at a two-day training session for exporters on Tuesday in Lagos. The training […]

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 […]

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