The African Continental Free Trade Area (AfCFTA) Secretariat has launched a digital platform aimed at easing trade in Africa, writes Susan Nyawira for Capital FM .
The platform dubbed – The AfCFTA Hub – is an interconnect clearing house for national government, intergovernmental, private, and public digital and partnership platforms to link together all businesses to drive the success of the free trade area.
The hub is designed to grow into a single, trusted directory of the services needed to navigate the AfCFTA for small players, thereby making the AfCFTA the most inclusive free trade area in the world.
The major components of the AfCFTA Hub platform include – in addition to the ProPer supply chain security system – e-logistics, a digital transactions marketplace, regulatory harmonisation, and a trade facilitation mechanism to minimise blockages in free and open trade technically referred to as non-tariff barriers.
The AfCFTA provides the opportunity for Africa to create the world’s largest free trade area with the potential to unite more than 1.2 billion people in an economic bloc with a gross domestic product valued at least U.S.$2.5 trillion and usher in a new era of development.
Africa: Continental Free Trade Pact Launch Digital Hub to Ease Trade
Capital FM, 11 August 2022
The African Continental Free Trade Area (AfCFTA) Secretariat has launched a digital platform aimed at easing trade on the African continent. Read more »
Africa: Agro-Processors Urged to Tap Into Continental Trade Platform
New Times, 11 August 2022
The Minister of Trade and Industry, Jean-Chrysostome Ngabitsinze has urged local agro-process manufactures to tap into opportunities offered under the African Continental Free… Read more »
Ghana: Support Businesses for AfCFTA Opportunities
Ghanaian Times, 4 August 2022
President Nana Addo Dankwa Akufo-Addo on Tuesday launched the national African Continental Free Trade Area (AfCFTA) Policy Framework and Action Plan. Read more »
Africa: African Economic Blocs to Meet in Kigali to Explore AfCFTA Opportunities
New Times, 4 August 2022
Business executives from different African trading blocs are set to meet in Kigali next week, to draw strategies through which they can tap into opportunities offered under the… Read more »
Africa: African Development Bank and Partners Discuss Africa’s Potential to Leverage Green Minerals for the Energy Transition
African Development Bank (AfDB), 10 August 2022
A recent webinar hosted by the African Development Bank brought together experts to examine how Africa can become a hub for manufacturing lithium-ion batteries to store energy and… Read more »
James Karuhanga for The New Times reports that the Economic Commission for Africa (ECA) has launched the first-ever comprehensive tool that measures Read more »
The global economic crisis triggered by the outbreak of the Covid-19 pandemic in 2020 and Russia’s invasion of Ukraine in February 2022 has intensified the risk of declining trad Read more »
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 »
The East African Community (EAC) countries have made a huge step forward by adopting the bloc’s tariff offer for Category A products amounting to 90.2% over 10 years, after t 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 »
(file photo).
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