African leaders met on Sunday to launch a continental free-trade zone that if successful would unite 1.3 billion people, create a $3.4 trillion economic bloc and usher in a new era of development.
After four years of talks, an agreement to form a 55-nation trade bloc was reached in March, paving the way for Sunday’s African Union summit in Niger where attendees will unveil which nation will host the trade zone’s headquarters when trading will start and discuss how exactly it will work.
It is hoped that the African Continental Free Trade Area (AfCFTA) – the largest since the creation of the World Trade Organization in 1994 – will help unlock Africa’s long-stymied economic potential by boosting intra-regional trade, strengthening supply chains and spreading expertise.
Economists say significant challenges remain, including poor road and rail links, large areas of unrest, excessive border bureaucracy and petty corruption that have held back growth and integration.
William met with volunteers at the National Maritime Rescue Institute station in Simon'sTown, near Cape Town, before boarding the boat…
As of September 1st 2024, there were around 36.8 million Moroccans. The governmentspokeswoman revealed the figure on Thursday, November 7th.Spokesman…
Donald Trump, the oldest president of America and the first convicted felon has led to a lot of arguments in…
According to a top UN official, Sudan's conflict is increasingly damaging the region with overflowing consequences into neighbouring South Sudan…
Thousands of kilometres apart, the political, economic and ideological links between Ghanaand the United States make the American elections very…
It’s another round of Afro qualifiers for the 2025 African Cup of Nations as nationalteams set their sights on making…
This website uses cookies.