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AfCFTA

Research suggests a boom in intra-African trade

Research suggests a boom in African trade Unveiled yesterday at the World Economic Forum, held in Davos, Switzerland, new research commissioned by DP World and led by Economist Impact forecasts a booming African trade landscape in 2024. Many  senior executives are predicting a surge in intra-African trade, fueled by new trade pacts and tech investments. …

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African supply chain and logistics organisations collaborate to bolster entrepreneurial skills

African supply chain and logistics organisations collaborate to bolster entrepreneurial skills The South Africa’s African Women in Supply Chain Association (AWISCA) has signed an Memorandum of Understanding (MOU) with the Women in Logistics & Transport (WiLAT) organisation from Côte D’Ivoire to collaborate on the delivery of tailor-made entrepreneurial skills training in the logistics and supply …

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ESG and the African Continental Free Trade Agreement

ESG and the African Continental Free Trade Agreement  The forward momentum of Environmental, Social and Governance (ESG) principles, which permeate every aspect of global economic activity, is also evident in the first strides the African Continental Free Trade Agreement (AfCFTA) has taken.  By Yael Shafrir, Attorney |Competition, Trade & Investment practice at Webber Wentzel The …

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Africa is knocking on our door says MEMSA CEO

Africa is knocking on our door says MEMSA CEO An uptick in mining activity across the African continent has resulted in an increased demand from African mining companies to procure South African designed and manufactured mining and construction equipment. By Leon Louw founder of WhyAfrica More and more South African based Original Equipment Manufacturers (OEM) …

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Suppliers and service providers urged to expand African footprint

Suppliers and service providers urged to expand African footprint If you are a supplier or service provider in the mining, energy, agriculture and infrastructure sectors, now is the time to expand your footprint into Africa. By Leon Louw owner and editor of WhyAfrica Many African countries are in the process of shunning their chequered past …

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USD10-billion boost for Africa to feed the world

USD10-billion boost for Africa to feed the world The African Development Bank Group (AfDB), will commit USD10-billion over the next five years to boost Africa’s efforts to end hunger and become a primary food provider for itself and the rest of the world. AfDB President, Dr Akinwumi Adesina called on the more than 34 heads …

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Global business and its role in Africa’s free trade area

Global business and its role in Africa’s free trade area  According to a new report by the World Economic Forum (WEF), global businesses have an important role to play in accelerating the implementation of the Africa Continental Free Trade Area (AfCFTA). African heads of state and global CEOs at the WEF’s Annual Meeting backed the …

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Great support for African Free Trade Agreement

Great support for African Free Trade Agreement   It was clear during the presentation and debate on the Report on the African Continental Free Trade Agreement (AfCFTA) at the First Ordinary Session of the Sixth Parliament of the Pan African Parliament (PAP) that there is overwhelming support for the AfCFTA among member states, despite constraints. …

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Pan African Parliament rolls out plan to rebrand

Pan African Parliament rolls out plan to rebrand The first Ordinary Session of the sixth Parliament of the Pan-African Parliament (PAP) opened on Monday, 24 October 2022, in Midrand, South Africa, with consultations to revise and refine the current Rules of Procedure as the Parliament rolls out plans to rebrand. WhyAfrica will follow this important …

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Hydrocarbon policy drives local Nigerian production

Hydrocarbon policy drives local Nigerian production     Local content regulations and the implementation of the AfCFTA have triggered the creation of a highly competitive domestic hydrocarbons market within Africa’s largest oil producer. Nigeria represents one of the continent’s most mature oil and gas markets as well as the largest oil producer in sub-Saharan Africa. The …

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African index lifts the lid on USD70-billion trade opportunity

African index lifts the lid on USD70-billion trade opportunity The first-ever biannual African trade index has been launched. The index lifts the lid on the continent’s USD70-billion trade opportunity. Yesterday saw the inaugural publication of Standard Bank’s Africa Trade Barometer. The barometer is expected to become Africa’s leading trade index. According to Philip Myburgh, Head …

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Unlocking growth through Africa Free Trade

Unlocking growth through Africa Free Trade Maximising the potential of the Africa Continental Free Trade Area Agreement (AfCFTA) to raise Africa’s intra-continental trade from its low levels will rest on the ability to match demand for goods with manufacturing capacity on the continent. By Shaahien Mottiar According to Brookings data, intraregional trade as a percentage …

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UK’s trade training body expands into Africa

UK’s trade training body expands into Africa  Trade education is vital to further grow exports between the UK and Africa. The Institute of Export & International Trade (IOE&IT) last week announced a new investment in Africa with the opening of its first international office in Nairobi, Kenya. Building on the Kenya-UK Economic Partnership Agreement the …

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AfCFTA expected to drive African growth

AfCFTA expected to drive African growth     According to a report titled the Economic Development in Africa Report 2021, the African Continental Free Trade Area (AfCFTA) could reduce poverty and inequality while spurring sustainable and inclusive growth. The report was launched by the United Nation’s trade and development body UNCTAD. This article was first published …

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West African Gas Pipeline a model for Intra-African trade

The West African Gas Pipeline (WAGP) is a good model for Intra-African trade that could be adopted by other emerging natural gas regions across Africa.   The WAGP comprises a 681km natural gas pipeline and is the first regional natural gas transmission system in sub-Saharan Africa, linking Nigeria’s gas-rich region of the Niger Delta to …

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Botswana’s diversification strategy gathers momentum

By Leon Louw, founder and editor of WhyAfrica 01 August 2021 – Although Covid-19 has presented Botswana with many challenges, the country’s diversification strategy started gathering momentum during this time. Botswana is in a prime position to take advantage of a world recovery.       Coal and agriculture are set to play a key role in …

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AfDB grant will boost agricultural value chains in Mozambique

26 June 2021 – The African Development Bank (AfDB), with financing from the Italian Technical Cooperation Fund, has provided a €990,000 grant to help smaller agro-processing enterprises boost production and quality control in Mozambique. The project will enable the businesses to better tap into national and regional markets and capitalise on the opportunities created by …

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African Continental Free Trade Area an opportunity to achieve sustainable growth

By Lebo Letsoalo The African Continental Free Trade Area (AfCFTA) represents a unique opportunity for African economies to achieve integrated and sustainable growth and to address chronic youth unemployment in the region. AfCFTA offers massive opportunities for young Africans.   The African Continental Free Trade Area (AfCFTA) represents a unique opportunity for African economies to …

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How can Mauritius take advantage of the African Continental Free Trade Area (AfCFTA)?

By Chido Pamela Mafongoya and Veedushi Mooloo 12 May 2021 – Mauritius, being strategically located between Asia and Africa, praise itself as having one of the continent’s most stable regulatory environment. But how can Mauritius take advantage of the African Continental Free Trade Area (AfCFTA)? The AfCFTA offers an opportunity for Mauritius to promote good …

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Africa’s policymakers should accelerate the implementation and adoption of AfCFTA

Vinod Madhavan, Head of Trade at Standard Bank Group 22 April 2021 – After a cautious start, Africa’s policymakers should accelerate the implementation and adoption of the African Continental Free-trade Area (AfCFTA). Africa’s policymakers need to ensure that the momentum behind the AfCFTA is not lost following the trading bloc’s launch in January. The AfCFTA …

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African Union launches blue economy strategy.

By Mr Mokrane Sabri 13 April 2021 – The African Union has designated the years 2015-2025 as ‘The Decade of African Seas and Oceans’, and in February 2020, it launched the African Blue Economy Strategy. Africa is a complex continent. She is an eclectic mix of authoritarian regimes — where leaders have been in power …

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South African government looks to the rail sector to grow the economy.

06 April 2021 – The rail infrastructure in many African countries have been neglected over the las 20 to 30 years. The importance of a good rail infrastructure should not be underestimated. It is good news, therefore, that the South African government is looking to the rail sector to grow its economy.        The South …

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Why does the African Continental Free Trade Area matter?

05 April 2021 – The African Continental Free Trade Area (AfCFTA) could be an exciting gamechanger for the people of Africa and for companies doing business in Africa. But what does AfCFTA mean for a business in Africa, and why does it matter?     Currently, Africa accounts for just 2% of global trade. And only 17% …

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What impact will AfCFTA have on the oil and gas industry?

30 March 2021 – Estimations forecast that the African Continental Free Trade Agreement (AfCFTA) will positively impact Africa’s Gross Domestic Product (GDP), resulting in welfare gains for citizens, facilitate trade growth, and improve Africa’s trade deficit. The question is what impact will AfCFTA have on the African oil and gas industry? Created by the African …

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Energy sector to benefit from African Continental Free Trade Area

15 February 2021 – The African Continental Free Trade Area Agreement (AfCFTA) constitutes the world’s largest free trade area. The energy sector stands to benefit significantly from the African Continental Free Trade Area Agreement. The African Continental Free Trade Area Agreement (AfCFTA) consolidates an integrated market of 1.3 billion consumers with a combined gross domestic product (GDP) …

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African Continental Free Trade Area (AfCFTA) key during Covid-19

01 February 2021 – The African Continental Free Trade Area (AfCFTA)is key during the Covid-19 pandemic by allowing the free movement of pharmaceuticals and PPE as well as the free exchange of technical expertise.   The African Continental Free Trade Area (AfCFTA) is an unmissable opportunity to mitigate the effects of Covid-19 pandemic by allowing …

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Study finds ways to boost intra-Africa trade.

27 January 2021 – The World Economic Forum’s Regional Action Group for Africa has released a study to accelerate free trade and finds ways to boost intra-Africa trade.   In early 2020, the foremost chief executives, public figures, civil society representatives and experts on Africa convened to share and define a regional vision and drive …

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