AfCFTA

African Sub-Sovereign Govts urged to Take Ownership of AfCFTA

African Sub-Sovereign Govts urged to Take Ownership of AfCFTA

African sub-sovereign governments called on to play their full role in facilitating the implementation of the African Continental Free Trade Area (AfCFTA). The call was made at the second edition of the African Sub-sovereign Governments Network (AfSNET) conference, held on 30 September 2022 in Abuja, Nigeria. Financial institutions, investors and Representatives from African countries including Cameroon, Ethiopia, Kenya, Madagascar, Mali and Niger attended the conference. Nigeria’s President Muhammadu Buhari, who presided over the meeting, said the AfSNET initiative, “if properly harnessed, is a significant step for Africa to begin carving its own niche in the global value chain, from the…
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The International Trade Centre Partnered UN agencies to engage business organizations in east Africa

The International Trade Centre Partnered UN agencies to engage business organizations in east Africa

Actors in the East African business ecosystem stressed the need to include small business owners in AfCFTA negotiations on the Protocol for Women and Youth. The International Trade Centre, the United Nations Development Programme (UNDP) and UN Women collaborate with the East African Business Council to engage business support organizations in the region on the African Continental Free Trade Area (AfCFTA). The workshop, held from September 20 to 22, 2022, saw over 70 representatives from the region who learned about the AfCFTA and its implementation progress. The workshop provided business support organizations with a comprehensive toolkit to tailor their services…
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Africa for Africans event organizer urges promotion of AfCFTA

Africa for Africans event organizer urges promotion of AfCFTA

Organizer of the continental “Africa for Africans Event” which is slated to take place on October 21 to 23 said Tuesday that the event will create opportunities to stimulate talks on the African Continental Free Trade Area (AfCFTA). The event will be held at Friendship Park and Meskel Square. Daniel Tiruneh, Organizer of the event said in a presser on Monday at Ambassador Hotel that, “The event mainly designed to bridge the gap in culture, art, business and investment and bring unity to communities and business across Africa.” The event is organized in collaboration with the Directorate of African Affairs…
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Ethiopia’s bargaining power in AfCFTA deteriorates as gov’t delays offers

Ethiopia’s bargaining power in AfCFTA deteriorates as gov’t delays offers

Delays in submitting the offer of goods and services commitment to the African Continental Free Trade Agreement (AfCFTA) is weakening Ethiopia’s bargaining power, as other member countries are about to start trading after finishing up negotiations. In their annual performance evaluation meeting the Council of Ministers held at Awash last week, the Minister for Planning and Development, Fitsum Assefa (PhD) revealed that Ethiopia’s engagement in the AfCFTA has been delayed since the government failed to submit offers for the goods and service commitments, even though the offer documents have been finalized for a long time. Although the country is one…
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