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Tag: African Continental Free Trade Area

Intra-African Trade Surges as Local Markets Gain Preference Over Global Partners

November 19, 2024
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| Africa, Business News

Africa Surpasses Asia and Europe as Preferred Trade Market By Elizabeth Antidius Shumbusho | Africa Guardian Africa’s intra-continental trade is gaining momentum, driven by easier cross-border transactions, improved quality of locally made goods, and more competitive pricing compared to markets in Asia, the US, and Europe. According to the latest Africa Trade Barometer, African businesses are increasingly opting to…

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EU Remains Africa’s Leading Trade Partner and Export Market

November 7, 2024
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| Africa, Business News

Our Correspondent | Africa Guardian The European Union (EU) continues to be Africa’s largest trading partner and primary export market, according to Norwegian Ambassador Tone Tinnes. Speaking at the 28th annual research workshop of REPOA, an economic research institution based in Dar es Salaam, Tinnes highlighted that EU imports from Africa reached €367 billion in 2023—a 27% rise since…

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Transforming Business in Africa: The Influence of Digital Payment Solutions and Passport by Investment

October 3, 2024
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| Business News

Our Correspondent | Africa Guardian Africa’s business landscape is undergoing a remarkable transformation fueled by technological innovations and shifting global economic dynamics. The continent’s increasing connectivity, highlighted by the emergence of digital payment solutions and passport by investment (PBI) programs, is reshaping business practices. These advancements not only enhance financial accessibility but also create new avenues for global entrepreneurs…

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USAID Launches $508,000 Regional Business Grants Initiative

September 13, 2024
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| News

Our Correspondent | Africa Guardian The United States Agency for International Development (USAID), in partnership with TradeMark Africa (TMA) and the East African Business Council (EABC), has introduced a $508,000 grant fund aimed at enhancing capital and credit access for over 220 small enterprises in East Africa. David Rogers, USAID’s Deputy Director for the East African region, highlighted that…

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AGRA Recognized for Amplifying Africa’s Role in Shaping Future Food Systems

September 13, 2024
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| Agribusiness, News

By Edson Baraukwa | Africa Guardian Rwandan President Paul Kagame has praised the Alliance for a Green Revolution in Africa (AGRA) for ensuring that Africa has a clear voice in the future of its food systems. Speaking at the recently concluded Africa Food Systems Forum 2024, Kagame highlighted the critical role of food production in Africa’s economy, noting that…

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Meaningful Work Essential for Retaining Talent in Africa, Experts Say

September 12, 2024
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| Leadership, News

By Edson Baraukwa | Africa Guardian As businesses across Africa grapple with high employee turnover and a workforce increasingly driven by purpose and career development, experts emphasize the importance of meaningful work for talent retention. At the Regional HR Summit held in Nairobi, HR leaders, industry experts, and policymakers gathered to address the need for a shift in talent…

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AfCFTA and Inclusive Trade: Key to Africa’s Economic Growth, Says GABI

September 9, 2024
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| Economy, News

Our Correspondent | Africa Guardian The Global Africa Business Initiative (GABI) has highlighted the crucial role of the African Continental Free Trade Area (AfCFTA) and inclusive trade in unlocking Africa’s vast economic potential. GABI emphasizes that these strategies are essential for spurring economic growth, reducing poverty, and creating jobs across the continent. Ahead of its 2024 flagship event, “Unstoppable…

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Tanzania Advances Trade Agenda at Indonesia-Africa 2024 Forum

September 4, 2024
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| News

By Charles Muchoki | Africa Guardian At the Indonesia-Africa 2024 Forum, Tanzania has reaffirmed its dedication to advancing Africa’s economic transformation under the African Agenda 2063. On the second day of the forum, Zanzibar President Dr. Hussein Mwinyi emphasized the critical role of Africa’s economic development in fostering growth, political stability, and global cooperation. Dr. Mwinyi highlighted that Africa’s…

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Africa Climate Change Conference Calls for Innovative Financing

August 31, 2024
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| News/Environment

By Edson Baraukwa | Africa Guardian The 12th Conference on Climate Change and Development in Africa (CCDA-XII) has commenced in Abidjan, gathering a broad coalition of stakeholders to address the pressing climate challenges facing the continent. Held alongside the special meeting of the African Ministerial Conference on the Environment (AMCEN) in preparation for COP 29 in Baku, CCDA-XII aims…

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AfCFTA Secretary General Expresses Concern Over South Africa’s Non-Participation in Key African Payment System

August 27, 2024
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| News

By Charles Muchoki | Africa Guardian The Secretary General of the African Continental Free Trade Area (AfCFTA), Wamkele Mene, has expressed disappointment over South Africa’s reluctance to ratify the Pan-African Payment and Settlement System (PAPSS), a move he believes is crucial for reducing trade costs and accelerating economic integration across the continent. PAPSS, developed in partnership with the African…

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The Africa We Want is Within Reach

September 17, 2023
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| OpEd

ByHage G Geingob On 9 September 2023, we commemorated African Union Day, a momentous occasion that reflects the journey we have undertaken since the historic Sirte Declaration of 9 September 1999. It is was a day to celebrate our unity and progress, born from the legacy of the Organisation of African Unity (OAU), established on 25 May 1963, whose…

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