-
Africa: New Tool to Measure Ease of Inter-Africa Trade Launched
New Times, 17 May 2022
The Economic Commission for Africa (ECA) on Sunday, May 15, launched the first-ever comprehensive tool that measures how easy, or hard, it is to do business between African… Read more »
-
Nigeria: Govt Calls for Increased Investment in Calabar, Kano Free Trade Zones
This Day, 11 May 2022
In line with efforts to accelerate the pace of economic growth in the country, the federal government has called on potential investors to revive, reform and transform the Calabar… Read more »
-
Tanzania: Tanzania's Exports to Kenya Grow to Highest Levels Recorded Since Independence
The Exchange, 10 May 2022
Kenya's imports from Tanzania nearly doubled from $242.6 million in 2020 to $473.9 million in 2021 Read more »
-
Africa: Zambia and DRC Sign Cooperation Agreement to Manufacture Electric Batteries
Africa Renewal, 9 May 2022
The initiative will help develop battery value chain and create jobs. Read more »
-
East Africa: Region Adopts 35% Common External Tariff
New Times, 6 May 2022
East African Community (EAC) Ministers in charge of trade and finance on Thursday, May 5, adopted 35 per cent as the 4th band of the region's Common External Tariff (CET). Read more »
Commission Launches Tool to Measure Ease of Inter-Africa Trade
James Karuhanga for The New Times reports that the Economic Commission for Africa (ECA) has launched the first-ever comprehensive tool that measures how easy, or hard, it is to do business between African countries.
The AfCFTA Country Business Index (ACBI) has three key objectives including assessing the perceived impact of the African Continental Free Trade Area on the private sector's ability to trade and invest across African borders once the Area is operational.
The idea that started in 2018 focuses explicitly on the constraints and challenges faced by private businesses, said Stephen Karingi, Director of the Regional Integration and Trade Division of UNECA.
Its launch was done in a side event during the 54th session of the Economic Commission for Africa (ECA) Conference of Ministers in Dakar, Senegal.
The tool focuses on African integration by targeting businesses based in and trading across African countries. It will help identify bottlenecks and address issues so that the African private sector can conduct business as seamlessly in their country of origin as anywhere else on the continent.
InFocus
-
Women are key players in the realisation of the African Continental Free Trade Area (AfCFTA) according to discussions on the sidelines of the 8th session of the Africa Region Read more »
-
Africa's free trade area started a year ago amid much fanfare. But its impact has been low amid the coronavirus pandemic and an economic downturn on the continent, write Read more »
-
On January 1, 2021, trading under the African Continental Free Trade Area (AfCFTA) kicked off. The trade pact, which seeks to create a single market for goods and services and ... Read more »
-
Africa is importing too excessively and manufacturing too little, and the continent must change course by boosting intra-Africa trade and output. That was the message delivered ... Read more »
-
With productivity-boosting measures, the African Continental Free Trade Area (AfCFTA) agreement could reduce poverty and inequality while spurring sustainable and inclusive growth, ... Read more »
