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.
Browsing: AfCFTA
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.
They made the submissions at a virtual ‘Nigeria Investment Conference’ with the theme: “Nigeria Beyond Oil: Growing Regional and Global Trade Under the #AfCFTA”.
Akinwuntan in his remark at an event in Lagos, pointed out that the pan-African bank was set up primarily for the economic integration and development of Africa, stressing that the bank was ready to deploy its capacity, platform and network to achieve the AfCFTA objectives.
Rabiu said this when he received the Secretary General of the AfCFTA, Wamkele Mene, and the Acting Director, National Office of Trade Negotiations, Victor Offiong, at the BUA Headquarters in Lagos State.
Industry experts in the private and public sectors, including Dr. Herbert Wigwe, CEO, Access Bank PLC; Yewande Sadiku, Executive Secretary/CEO, Nigerian Investment Promotion Commission; and Dr. Olusegun Omisakin,
The Manufacturers Association of Nigeria has advised the Federal Government to address the gaps in economic ecosystem to benefit from the Africa Continental Free Trade Area in 2020.