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

STATE OF TRADE IN AFRICA

The Economic Development in Africa Report 2019 notes that rules of origin – the criteria needed to determine the nationality of a product – could make or break the African Continental Free Trade Area (AfCFTA) that entered into force in May. According to the report, the rules could be a game changer for the continent

We Search Our Souls

Yohane Mbeeya Moono The Africa Free Continental Trade Area agreement is the World’s biggest trade agreement signed after the World Trade Organization agreement. The agreement is expected to help Africa and Africans trade among themselves more free and competitively. The trade agreement is expected to increased the Gross Domestic Product of the Continent by 54%

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