Tag
The implementation of the African Continental Free Trade Area (AfCFTA) last year has the potential to reduce trade barriers across Africa, and in doing so, it will likely usher in a new era of prosperity across the continent. However, the …
Continue reading
The debate on the benefits of trade has dominated this decade, and Africa has cast its vote for more and better trade with itself. In March 2018, African countries signed a landmark trade agreement, the African Continental Free Trade Area
Market reforms in Africa can be thwarted because of propaganda asserting that markets are a Western import. Notwithstanding the currency of this belief, it is patently absurd. Markets flourished in Africa prior to colonialism, and wherever they are repressed, the …
Continue reading
Much has been written about the potential economic benefits of the new African Continental Free Trade Area (AfCFTA). However, few people have asked: how will the new trade deal help African states develop a resilient agriculture sector?
Food is crucial …
Continue reading
The African Continental Free Trade Area (AfCFTA) officially went into force at the beginning of this year. For the first time, the entire continent came together to formulate an agreement to liberalise trade, help business, and encourage investment. While protectionism …
Continue reading
The announcement of the African Continental Free Trade Area Agreement (AfCFTA) was met with great optimism and hope for the continent by Africans and the rest of the world. According to the World Bank figures, AfCFTA will connect over 1.3 …
Continue reading
As the world hopefully heads out of the COVID-19 lockdowns, trade and the shipping of more goods should continue to increase, as logistics bottlenecks start to ease and fiscal stimuli from major trading nations in the developed world continue to …
Continue reading
On January 1, the long-awaited African Continental Free Trade Area (AfCFTA) came into effect. Aside from the economic benefits that the arrangement will bring to the continent, Africa’s newfound support for free trade and liberalization marks a clear rejection of
Africa’s quest to foster pan-Africanism and integration through the African Continental Free Trade Area (AfCFTA) could be futile unless deliberate steps are made to guarantee peace and security on the continent.
Africa is largely fragmented ethnically and is home to
Nothing characterizes the failure of development aid in a better way than the naked numbers. When the African countries became independent around 1960, Africa’s share of world trade was about 5.5 percent. Today, it’s only 5 percent and that despite …
Continue reading
