Case studies from Benin, Cameroon, Ghana and the Republic of Congo underline importance of regional integration to intra-Africa trade in wood products

Regional economic integration can boost trade in wood products among African countries, according to the findings of a new report produced by the African Natural Resources Centre of the African Development Bank. The report, Intra-African Trade in Wood Products – Case studies from Benin, Cameroon, Ghana and the Republic of Congo, published on 19 May, explores the role that forest value chains can play in advancing Africa’s development objectives. The continent’s significant forest resources are under-utilized, the report notes. Also, despite […]

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AAAM and Afreximbank sign an MoU to drive Automotive Investment in Africa

The African Export-Import Bank (Afreximbank) and the African Association of Automotive Manufacturers (AAAM) have entered into a Memorandum of Understanding (MoU) for the financing and promotion of the automotive industry in Africa. Prof. Benedict Oramah, President of Afreximbank and Mike Whitfield, President of AAAM and Managing Director of Nissan Africa, signed the MoU in early February, formalizing the basis for a partnership aimed at boosting regional automotive value chains and financing for the automotive industry while supporting the development of […]

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UNCTAD Secretary-Genral Kituyi wins award for promoting intra-African trade

UNCTAD Secretary-General Mukhisa Kituyi today won an award for his tremendous contribution to the conceptualization, development and launch of the African Continental Free Trade Area (AfCFTA), under which trading commenced on 1 January. The AfCFTA created the world’s largest free trade area, a $3.4 trillion market that will ease trade across borders for the continent’s 1.3 billion people. It will also promote industrialization, create jobs and improve the competitiveness of African industries on the global stage. Dr. Kituyi was recognized […]

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African Continental Free Trade Area – AfCFTA Facts

Signatories: 54 out of 55 African Union Member StatesRatifications: 31 African Union Member States AfCFTA negotiations launched: 15 June 2015, Johannesburg AfCFTA Treaty signature: 21 March 2018, Kigali Formal entry into force: 30 May 2019 Operationalisation phase launched: 7 July 2019, Niamey Trading under the AfCFTA expected to commence on: 1 Jul 2020 Negotiations coordinated by: African Union Commission, Department of Trade and Industry Geo coverage: Africa Union and its Member States. The AfCFTA complements existing regional trade agreements in […]

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