Ford Invests $1 Billion (R15.8) to Modernize, Expand South African Manufacturing for All-New Ranger

• New advanced technologies and systems will modernize and grow the Ford Silverton Assembly Plant to support expanded production of the all-new Ranger pickup truck, starting in 2022 • Ford will hire an additional 1,200 team members to support expanded production, bringing its workforce in South Africa to 5,500 employees. The investment also will create an estimated 10,000 new jobs across Ford’s local supplier network • A US$686 million (R10.3 billion) investment in technology, upgrades and new facilities at the […]

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EU boosts sustainable cocoa production in Côte d’Ivoire, Ghana and Cameroon

The European Union will contribute €25 million to enhance the economic, social and environmental sustainability of cocoa production in Côte d’Ivoire, Ghana and Cameroon who are, respectively, the first, second and fifth biggest cocoa producers, generating almost 70% of the world production. This funding strengthens the partnership between Team Europe (composed of the EU, its Member States, and European financial institutions) and the three cocoa producing countries and aims at ensuring a decent living income for farmers, halting deforestation and […]

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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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