Africa Trade Fund (AfTra)
Africa’s export performance is poor despite lower tariffs and freer access to foreign markets. The weaknesses of Africa’s export performance are mainly linked to weaknesses in the political economy of trade-related policy reforms, institutional development and supply constraints related to infrastructure and logistics.
The Africa Trade Fund was established by the African Development Bank in March 2012, with seed financing from the Government of Canada. AfTra is a trade-related, multi-million dollar technical assistance facility with the objective to accelerate the integration of Regional Member Countries (RMCs) and Regional Economic Communities (RECs) in regional and global trading systems.
Resources under AfTra will be used to support the growing impetus for regional economic integration and expanded trade opportunities for Regional Member Countries. It will complement the Bank’s existing resources to Regional Member Countries and leverage the Bank’s operations in regional integration and priority sectors such as agriculture, infrastructure, governance, private sector development, as well as science and technology.
- How are the funds distributed?
- Who is eligible?
- How can one apply?
Africa Trade Fund (AfTra): Unlocking Africa's Trade Potential
- 13/05/2015 Roundtable on African Continental Free Trade Area Calls for fresh solutions
- 10/04/2015 AfTra and CBI join forces in spreading market information for African exporters on 25 EU sectors
- 09/12/2014 Continent prepares for the launch of the Africa Regional Integration Index
- 11/11/2013 Program to support trade institutions launched in Liberia, a big push for sustainable growth
- 08/11/2013 AfDB signs two trade-related programs worth $8.5 million with COMESA