AfCFTA could boost African incomes by 9%, says World Bank report

Full implementation of the African Continental Free Trade Agreement (AfCFTA) could increase FDI by up to 159%, with positive impacts for trade and incomes. Charles Dietz Reforms set in motion by the implementation of the African Continental Free Trade Area (AfCFTA) could lead to a rise in foreign direct investment (FDI) that would boost incomes

SA WANTS SINGLE AFRICAN CURRENCY TO BOOST INTRA-CONTINENTAL TRADE

South Africa is in full support of establishing a single African currency backed by the continental central bank and monetary institute.According to International Relations and Cooperation Minister Naledi Pandor, the establishment of the African Union’s (AU) African Central Bank (ACB), African Investment Bank (AIB) and the African Monetary Institute (AMI) are considered critical to facilitate

Uganda Withdraws International Coffee Organization

Uganda, Africa’s largest coffee exporter, has blamed its withdrawal from the International Coffee Organisation (ICO) agreement on what it said are unfair tariffs and other barriers that restrict export of processed coffee to Europe and elsewhere. “The importing countries impose escalating tariffs and restrictions on imports of value-added coffee,” the the state-run Uganda Coffee Development

Rwanda-Uganda Border to Re-Open

Rwanda has agreed to reopen its border with Uganda, ending an almost three-year standoff that took an economic toll on both countries and raised fears of armed hostilities. The announcement came following a period of quiet diplomacy during which Ugandan President Yoweri Museveni dispatched envoys to negotiate with his Rwandan counterpart, President Paul Kagame. Kigali

Trade, investment the basis upon which wewere elected into office, HH tells UK

By Chambwa Moonga PRESIDENT Hakainde Hichilema says his administration will be anchored on trade and investment. Meanwhile, British Prime Minister Boris Johnson’s trade envoy to Zambia Laurence Robertson says the United Kingdom is looking across the world to strengthen trade links in every country. Accompanied by British High Commissioner to Zambia Nicholas Woolley and UK

The AFRICA CONTINENTAL FREE TRADE AREA

By Moono John Africa has for long time now flirted with the idea of Pan-Africanism which is aimed at uniting All people of the African continent and African descent all over the world. The idea was carried forth by the freedom fighters which resulted in the formation of the Organization for African Unity and later

TRANSPORT and the AfCFTA

By Moono John As of Monday 28 December, 2020, the population of Africa stood at 1,356,137, 670 people according to the United Nations estimates. This figure of the population will require a better mode of movement from country to country in the quest for trade and business opportunities. The continental free trade area agreement that

Facts about the Kazungula Bridge Project

The Kazungula Bridge which was officially opened Monday, 10th May 2021. The Kazungula Bridge Project was an initiative of the 4 Countries whose Borders meet at Kazungula, the Quadruple points and these being Botswana, Namibia, Zambia and Zimbabwe. But after a protracted negotiations Namibia and Zimbabwe opted not to be part of the project and

AFRICA SHALL BE GREAT

By Moono John How long shall we be called a sleep giantHow long shall we be called a dark continentHow long shall we be abused and used by the colonizers We have been exploited enoughBut their greatest undoing was thatThey brought Education which has illuminated us The brought Technology which we are using to advance

AGRICULTURE AND THE AfCFTA

By Moono John As of Monday 28 December, 2020, the population of Africa stood at 1,356,137, 670 people according to the United Nations estimates. Apart from human resource Africa has another resource which is also more precious and in abundance to and that is land which can propel the Agriculture sector to greater heights. The