African Continental Free Trade Area (AfCFTA)
| 26-Mar-2021 |
Exploring strategies to deepen private sector participation in the implementation African Continental Free Trade Area (AfCFTA) was the highlight of a panel session during the 2021 WTO Aid-for-Trade Stocktaking meeting.
The African Development Bank, the United Nations Industrial Development Organization (UNIDO) and International Trade Centre (ITC) organized the session held on Wednesday 24 March.
“The success of the AfCFTA hinges on the ability of African firms to understand and capitalize on the trade related opportunities offered by the AfCFTA,” said Pamela Coke-Hamilton,... |
| 25-Mar-2021 |
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| 18-Mar-2021 |
The African Development Bank’s latest Fashionomics Africa webinar attracted well-known designers and industry experts to discuss the potential of the newly launched African Continental Free Trade Area to support the growth of the African fashion industry, regionally and globally.
Among the established designers were Laduma Ngxokolo, the founder of MaXhosa Africa, whose designs are the main wardrobe feature of the movie Coming 2 America, the much-anticipated sequel to Eddie Murphy’s 1988 classic; and Mahlet Afework, the creative mind behind the Ethiopian brand, Mafi.
“I believe the... |
| 24-Feb-2021 |
Digital platforms in Africa should scale up to take advantage of the continent’s surging demand for creative content, said Africa Investment Forum Senior Director Chinelo Anohu, adding that the African Development Bank flagship entity is providing advisory services and investment support to creative players.
Anohu was speaking at a virtual “fireside chat” on Tuesday with Afreximbank President Benedict Oramah and Dean Garfield, Netflix’s Vice President of Public Policy. The Africa Soft Power Project organized the event, titled The New Face of African Collaboration. Omar Ben Yedder,... |
| 02-Feb-2021 |
L’intégration régionale fait partie intégrante du mandat du Groupe de la Banque africaine de développement depuis sa création. Elle figure à cet égard, en bonne place parmi les cinq priorités opérationnelles de l'institution.
La Banque soutient la Vision 2063 de l’Union africaine et s’est pleinement investie pour l’avènement d’une Zone de libre-échange continentale (ZLECAf) afin que les pays puissent bénéficier des opportunités offertes par un large marché régional et des retombées d’un commerce intrarégional stimulé.
L’entrée en vigueur effective, le 1er janvier 2021, de la ZLECAf... |
| 22-Jan-2021 |
La Banque africaine de développement qui a fortement contribué à la création de la Zone de libre-échange continentale africaine (ZLECAf), à travers des appuis multiformes aux pays membres régionaux, et qui s’implique pour sa mise en œuvre opérationnelle, souligne dans sa Revue annuelle 2019 de l’efficacité du développement (RAED) le rôle important des grandes villes du continent dans le renforcement des investissements intra-africains.
La ZLECAf est entrée en vigueur le 1er janvier 2021, après ratification à la date du 20 janvier 2021 par 36 pays africains.
Casablanca au Maroc,... |
| 18-Jan-2021 |
African Development Bank President Akinwumi A. Adesina and 10 African Heads of State and Government were on Friday honoured for their leadership in the African Continental Free Trade Area (AfCFTA) process.
The AfCFTA, the largest free trade area in the world, began trading on 1 January 2021 and is expected to speed up the recovery of the continent and enhance its resilience by increasing the level of intra-African trade in goods and services.
The award was organised by AeTrade Group in collaboration with the African Union Commission, the African Business Council, the Pan African... |
| 15-Jan-2021 |
What:
AfDB President Dr. Akinwumi A. Adesina and ten African Heads of State to receive an award for contribution to AfCFTA
Who:
Dr. Akinwumi Adesina President of the African Development Bank
When:
15 January 2021, 12 :00 - 14 :00 GMT
Where:
Virtual
African Development Bank President Akinwumi Adesina and ten African Heads of State and Government will receive awards for their role in the coming into force of the African Continental Free Trade Area (AfCFTA). The event will take place on 15 January... |
| 09-Dec-2020 |
“The agriculture sector is among the most vulnerable. Agriculture is important not only for food security issues but also for inter-regional food integration,” African Development Bank Director of Macroeconomic Policy, Forecasting and Research, Hanan Morsy, said during a news conference on the opening day of the African Economic Conference 2020.
“We see this as an area that needs particular support, an area of opportunity going forward to increase inter-regional integration and to increase resilience against external shocks,” Morsy noted.
The African Development Bank has provided much-... |
| 27-Nov-2020 |
Abstract
Treaties implemented by Regional Organizations (ROs) among which the eight Regional Economic Communities (RECs) have piloted integration across the African continent. The recently created Africa Continental Free Trade Area (AfCFTA), effective since May 2019, is the latest effort along the roadmap started with the Abuja Treaty of 1994 and continued with the launch of ‘Agenda 2063’ on the 50th anniversary of the OAU. This survey has two objectives: take stock of progress at market integration and understand the causes of the African ‘proximity gap’. The review singles out two areas... |
| 26-Nov-2020 |
Industry experts meeting this week for a virtual discussion focused on resetting, retooling and restarting regional integration in Africa in the wake of the COVID-19 pandemic, underscored the importance of putting small scale traders at the heart of any initiatives.
The joint webinar, organized on Tuesday by the African Development Bank and Korea Customs Service(KCS), looked at service sectors, e-commerce, digital platforms and value chain development as critical factors for accelerating trade and investment in Africa against the backdrop of the global pandemic. The webinar was... |
| 28-Aug-2020 |
Ghana will host the African Development Bank’s next Annual Meetings in May 2021, it was announced Thursday, at the end of the Group’s 2020 meetings.
The 2021 meetings will take place in the country’s capital city, Accra.
Côte d’Ivoire Planning Minister Niale Kaba, handed over the baton to Ghana, announcing that the Board of Governors would be chaired by Kenneth Ofori-Atta, Ghanaian Finance Minister, supported by the Governor from Austria as first Vice-President, and the Niger Governor as second Vice-President.
The 2020 edition of the Annual Meeting originally scheduled to be held... |
| 18-Aug-2020 |
At a ceremony on Monday to commission the permanent secretariat of the African Continental Free Trade Area (AfCFTA), Ghana’s President Nana Akufo-Addo and Moussa Faki Mahamat, chairperson of the AU Commission, reiterated the importance of the body to the continent’s economic transformation agenda.
“The economic integration of Africa will lay strong foundations for an Africa beyond aid. Africa’s new sense of urgency and aspiration of true self-reliance will be amply demonstrated by today’s ceremony,” Akufo-Addo said.
Ghana was selected as the venue for the headquarters by African leaders... |
| 18-May-2020 |
African Development Bank Vice President for Regional Development, Integration and Business Delivery Khaled Sherif said trade and stimulus were needed to cushion the economic impacts of the COVID-19 pandemic and build resilience among African economies to future shocks.
Sherif participated in a 12 May virtual panel sponsored by the Foreign Economic Relations Board of Turkey (DEIK) titled Multilateral Response to Covid-19 Crisis: Turkey-Africa Partnership that also included Secretary General of the African Continental Free Trade Area (AfCFTA) Wamkele Mene; President and Chief Executive of... |
| 12-May-2020 |
Le Conseil d’administration de la Banque africaine de développement a approuvé, le 4 février dernier à Abidjan, un don de près de 7 millions de dollars américains à la Commission africaine de l’aviation civile (CAFAC) pour la mise en œuvre du Marché unique du transport aérien africain (MUTAA).
Avec cet appui de 6,85 millions de dollars américains (5 millions d’Unités de compte, UC), le Fonds africain de développement, guichet de prêt à taux concessionnel du Groupe de la Banque africaine de développement supporte 89,5% du coût global du projet, estimé à 7,65 millions de dollars américains (... |
| 21-Jan-2020 |
Africa is on the cusp of unmatched economic transformation, and the UK must engage in a “partnership of change,” African Development Bank President Akinwumi Adesina said Tuesday in a keynote address at a UK Parliamentary Symposium. “The Africa of the 21st century is very different. The Africa of the 21st century is new and more confident,” he said.
The Symposium was co-organized by the All-Party Parliamentary Group for Africa with the Royal African Society, Oxford Brookes University, and the Trade Justice Network under the theme UK-Africa Trade and Brexit.
The Bank’s... |
| 17-Sep-2019 |
Le ministre de l’Économie, de la planification et de l’administration du territoire, également gouverneur de la Banque africaine de développement pour le Cameroun, Alamine Ousmane Mey, a ouvert, ce lundi 16 septembre à Yaoundé, au Cameroun, l’atelier de restitution du Document de stratégie d’intégration régionale de l’Afrique centrale, pour la période 2019-2025 (DSIR-AC).
L’atelier de restitution a réuni les ministres gouverneurs du Tchad et de la République centrafricaine : Issa Doubragne, ministre tchadien de l’Économie et de la planification du développement, Félix Moloua, ministre... |
| 13-Sep-2019 |
Le ministre de l’Économie, de la planification et de l’administration du territoire, également gouverneur de la Banque africaine de développement pour le Cameroun, Alamine Ousmane Mey, procèdera, lundi 16 septembre, à l’ouverture de l’atelier de restitution du Document de stratégie d’intégration régionale de l’Afrique centrale pour la période 2019-2025 (DSIR), à Yaoundé, au Cameroun.
L’atelier de restitution réunira les ministres gouverneurs du Congo, du Gabon, de la Guinée équatoriale, de la République centrafricaine, de la République démocratique du Congo et du Tchad, ainsi que le... |
| 06-Aug-2019 |
The African Development Bank Group on Monday signed a $4.8 million institutional support grant to the African Union (AU) for implementation of the African Continental Free Trade Area (AfCFTA).
The grant, approved by the Group’s Board of Directors on 01 April 2019, forms part of a series of interventions by the Bank in its lead role to accelerate implementation of the Free Trade Agreement, seen as a major force for integrating the 55-nation continent and transforming its economy.
Albert Muchanga, AU’s Commissioner for Trade and Industry, initialed for the continental body, and Andoh... |
| 22-Jul-2019 |
Abidjan, Cote d’Ivoire, 22 July, 2019 –The African Development Bank re-affirmed its intention to boost economic and regional development on the African continent when its Board of Directors approved a $300 million support facility for the Eastern and Southern African Trade & Development Bank (TDB) on Wednesday, 17 July, 2019.
The COMESA regional trade and project finance package consists of a composite funded trade finance and project finance facility, and an unfunded trade finance risk participation agreement (RPA). This comes on the heels of the African Continental Free Trade Area (... |