Browsing: AfCFTA

This was the concluding call by a panel of experts who spoke during a webinar on ‘Accelerating Access to Post-Harvest Management Technologies for Enhanced Food Security and Trade in Africa’ organised by the African Agricultural Technology Foundation.

A statement issued by the bank on Tuesday said the agreement was signed on September 8.

He stated that such actions include the protection of local industries and improving value chains.

He disclosed this at the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) diplomatic luncheon in Abuja.

The President/CEO of SEEED MCS Limited, Mr. Lugard Okonobo, stated this at a preparatory stakeholders meeting to validate the One Local Government One Agriculture Product (OLAOP).

The president spoke during a bilateral meeting on Thursday with the Commonwealth Secretary-General, Baroness Patricia Scotland, on the sidelines of the Global Education Summit holding in London, United Kingdom.

The three-day MSME Masterclass Webinar series, tagged: “Taking Your SME Business Across Borders,” held from June 15 to 17, 2021.

Wamkele Mene, the Secretary-General of AfCFTA told Xinhua in an interview that the Pan-African Payments and Settlement System (PAPSS) would be ready by the end of 2021 to facilitate trade among countries.

The President of WISTA Nigeria,  Eunice Ezeoke  stated this at a press briefing in Lagos to announce the association’s 2021 Business Luncheon and Magazine Launch, with the theme, “AfCFTA: Investment Opportunities for Women in Trade,” which is slated for July 8, 2021 at Oriental Hotel in Lagos.

In today’s information society, digital payment is an indispensable enabler of trade. This is precisely why experts have more or less hinged the success of the African Continental Free Trade Area agreement on the success of digital payments. “We need to put as much effort as we are putting into getting the operational blocks of the agreement and secretariat going into getting the African payments regulatory landscape similarly integrated. Payments across the continent could probably be made seamless today. The technology is there,” says Dr. Augustina Odame of the Ghana Chamber of Technology.

Speaking at the maiden edition of the African Local Content Roundtable, at the Nigerian Content Tower, Yenagoa, Bayelsa State, on Thursday, Sylva said through implementation of local content, Nigeria has been able to achieve significant progress in value addition, adding that Nigeria plans to achieve 70% local content compliance in the next six years.

Dr. Muda Yusuf, Director-General, LCCI, made this known in a press statement made available to the media following a study by the Chamber and the Center for International Private Enterprise (CIPE).

As the COVID-19 pandemic has negatively impacted crude oil prices, leading to significant decline in government revenues and foreign exchange earnings, it has become expedient now more than ever before to diversify and create new trade opportunities for Nigerians.

The Minister said this in Lagos at the opening of a stakeholders’ validation forum on the draft policy.

Ayeyemi made this assertion during an interview with the media.

Already, the cement company, despite an installed capacity of 29.3Mta in Nigeria, is targeting an expanded entity in-country and in Cameroon, while new plants will soon be ready for commissioning in Niger, Benin, Ghana, Cote d’Ivoire and Togo.

There’s no need to fuss. And I’m pleased that not one of the high-profile seers involved has, so far, tried to make any excuses or to defend themselves. There’s nothing to defend, really, other than to swallow the humble pie, flush it down with a warm glass of lemonade and move on.

Zambia’s Minister of Commerce, Trade and Industry, Christopher Yaluma, disclosed at a media briefing in Lusaka on Thursday that the official launch of the AfCFTA will take place at a virtue event which will be graced by the African Union Chairperson and South African President, Cyril Ramaphosa, and Ghana’s President, Nana Akuffo Addo.

Leaders of trade unions of Nigeria Labour Congress such as Textile, Chemical, Electricity, Automobile, Engineering as well as Petroleum and Gas, who are affiliates of international  labour platform called IndustriALL Global Union, said the size of the refinery project spoke volume of the entrepreneurial spirit of Aliko Dangote.

The World Bank said in a recent report that 60 per cent of African countries are likely to see increased agricultural employment by 2035 thanks to AfCFTA, and wages for unskilled workers are expected to grow faster in these nations. While some countries will gravitate towards other sectors in which they have competitive advantages, North African states will shift more towards manufacturing and services.  Many in sub-Saharan Africa are well placed to become food production hubs, thanks in part to favourable climates.