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United Republic of Tanzania, Zanzibar, 25 June 2024: The African Continental Free Trade Area (AfCFTA) Secretariat, in partnership with the Mastercard Foundation and TradeMark Africa, has announced a four-year fisheries program to be implemented across seven countries to enable over 240,000 work opportunities and boost trade in fish and fish products by about $100 million […]
Intra-regional trade in Africa serves as the backbone of economic transformation. East African Community (EAC) member states are increasingly trading with one another and with other African countries. At the same time, they reduced their trade with other continents like Europe, Asia, and other parts of the world, shaping the intra-regional trade in Africa’s dream […]
Africa’s share of global trade remains disproportionately small, hovering around 2%-3%. Countries on the continent trade more with the rest of the world than they do among themselves. Africa needs to improve its share of trade to boost growth and reduce poverty. Aid for Trade is a development initiative that seeks to remove barriers to trade facing developing countries. International […]
The Economic Community of West African States (ECOWAS) Commission, in collaboration with the African Development Bank (AfDB), has organized a Stakeholder Consultation and Validation Workshop for the Spatial Development Initiative (SDI) study of the Interim Report for the Abidjan-Lagos Corridor from May 14 to 16, 2024, in Accra, Ghana. The three-day workshop brought together experts […]
May 20, 2024, Athi River, Kenya – The world’s first green industrial garment factory has broken ground in Athi River EPZ, with a $530,000 investment from the United States Agency for International Development (USAID) and a $1.3 million loan from Trade Catalyst Africa (TCA). This new warehouse spans 5,000 sqm and is poised to be […]
IN a strong call to stakeholders at the opening of the tenth Africa Regional Forum on Sustainable Development, ARFSD-10, in Addis Ababa, Ethiopia, Amina Mohammed, UN Deputy Secretary-General said urgent action is needed to increase capital flows into developing countries, particularly in Africa to make the SDGs stimulus a reality. She also urged the international […]
Taxes and fees charged on African air tickets are higher than what airlines in other continents charge and are inhibiting air transport on the continent. According to the African Airlines Association (Afraa), a leading trade association of airlines based in Ghana that researches aviation, the average amount paid in taxes and fees by passengers in […]
TANZANIA: THE Eastern Africa Grain Council (EAGC), in collaboration with TradeMark Africa (TMA), unveiled a three-year pioneering plan yesterday to propel the Tanzanian grain sector towards global export competitiveness. The initiative project, dubbed ‘Strengthening Competitiveness in ExportOriented Staple Food Value Chains in East Africa,’ is funded by the USAID-Economic Recovery and Reform Activity (USAID-ERRA) through […]
Two of Africa’s emerging economies – Ghana and Kenya – have taken giant steps to consolidate trade relations as they seek to lead Africa’s economic renaissance. The bilateral trade cooperation, initiated at the instance of Ghana’s President Nana Addo Dankwa Akufo-Addo, is being worked out within the purview and objectives of the African Continental Free […]
Accra, April 4, GNA – Dr William Samoei Ruto, the African Union (AU) Reform Champion and President of Kenya, has disclosed plans to ratify all financial institutions under the Union. The decision, he said, would create a strong financial architecture to provide the needed support to African businesses for the acceleration of intra-trade, commerce, and […]
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