Kisumu ,Kenya | THE INDEPENDENT | Kenya’s President, William Ruto says it is shameful that countries in East Africa are importing fish from China yet Uganda, Kenya and Tanzania are endowed with the largest Lake in Africa. Ruto says Lake Victoria, which is Africa’s largest lake by area, and the world’s largest tropical lake …
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Most African countries rely on fossil fuels for energy and export revenue. Yet, development finance institutions, including the World Bank, are pulling back on fossil fuel investments ANALYSIS | AGENCIES | The eighth annual Babacar Ndiaye Lecture, held at Washington D.C.’s Four Seasons Hotel on October 26, highlighted the pressing need …
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Abuja, Nigeria | THE INDEPENDENT | Africa’s multilateral lender, the African Export-Import Bank, aims to double its financing of intra-African trade from $20 billion in 2021 to $40 billion by 2026. This announcement was made by Haytham ElMaayergi, the bank’s Executive Vice President, Global Trade Bank, during the African Caucus Meeting …
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Kampala, Uganda | THE INDEPENDENT | Africa’s multi-lateral lender, African Export-Import Bank has unveiled a capacity development program aimed at empowering African corporates to leverage the opportunities offered by the African Continental Free Trade Area (AfCFTA). This initiative, spearheaded by Afreximbank Academy (AFRACAD) in partnership with the AfCFTA Secretariat, is designed …
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ACCRA, GHANA | THE INDEPENDENT | The COMESA-EAC-SADC Tripartite Free Trade Area (TFTA) Agreement, is now due to come into force on Thursday following the attainment of the required number of ratifying member countries. The treaty states that for the Agreement to take effect, at least 14 out of the 29 States …
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However, this trade performance remains modest compared to regions like Asia and Europe. ANALYSIS | ISAAC KHISA | Intra-African trade recorded an improvement in the past year but remained relatively low compared to other regions, according to Afreximbank’s African Trade Report 2024, titled “Climate Implications of the AfCFTA Implementation.” The report, …
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SPECIAL REPORT | THE INDEPENDENT | Private Sector leaders in Africa have been urged to be aggressively involved in influencing good politics in the various countries to help their agenda. The Africa CEO Forum, a not-for-profit company pushing for a better business environment on the continent says the kind of politics …
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COMMENT | GEORGE ARODI | The quest for economic integration of Africa is finally here. The African Continental Free Trade Area (AfCFTA) represents a historic milestone in the economic integration of the continent. The FTA which entered into force in May 2019, is poised to be among the world’s largest …
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The East African country is fourth African country to offer visa-free access for all African visitors Kampala, Uganda | RONALD MUSOKE | Rwanda has become the latest African country to offer visa-free access to all African citizens according to the latest edition of the Africa Visa Openness Index jointly published on …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s small entrepreneurs have very little information about the opportunities presented by the African Continental Free Trade Agreement (AfCFTA). The agreement, which took effect two years back is yet to see Ugandans benefit from it, according to business leaders and entrepreneurs, despite other countries already venturing …
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