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Economy

African trade deficits are principally driven by the lack of industrialisation. (Image Source: AMISOM Public Information/Flickr)

The African Continental Free Trade Area (AfCFTA), according to Economic Commission for Africa (ECA), has the potential to boost intra-African trade by more than 52 per cent through the elimination of import duties alone

Africa all set to boost industrialisation in the continent. (Image source: Paul Saad/Flickr)

Countries can use the African Continental Free Trade Area (AfCFTA) tool to create opportunities for African businesses and through them drive the continent’s industrialisation, economic diversification and development, said David Luke, coordinator of the Africa Trade Policy Centre (ATPC) at the Economic Commission for Africa (ECA)

Blue economy is set to transform Africa’s economic growth if well utilised. (Image source: ECA)

The Economic Commission for Africa (ECA) is supporting the African Union, Regional Economic Communities (RECs) and member States to ensure that the potentials of the continent’s blue economy are fully realised, according to ECA’s Southern Africa director Said Adejumobi

The ADBF arose out of the Bank’s African Financial Markets Initiative (AFMI), which aims to strengthen African economies by reducing their dependency on foreign currency. (Image source: Roo Reynolds/Flickr)

The African Development Bank (AfDB) and Mauritius Commercial Bank Group (MCB) have launched the African Domestic Bond Fund (ADBF) ahead of its listing on the Stock Exchange of Mauritius Ltd on 18 September 2018

During the signing ceremony. (Image source: ITFC)

The International Islamic Trade Finance Corporation (ITFC) has signed two new agreements with the Egyptian General Petroleum Corporation (EGPC) and the General Authority for Supply Commodities (GASC) initiating the utilisation of the fifth framework agreement

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