Opinion: Africa does not need a single currency

Opinion: Africa does not need a single currency

By Piotr Arak AT Contributor The process of increasing international trade in Africa and decreasing barriers that can foster growth resembles the goals and policies introduced successfully in Europe. This year Africa will take a big step towards tackling entrenched economic problems including a dearth of intra-regional trade as the…

Ghana selected as home for AfCFTA secretariat

Ghana selected as home for AfCFTA secretariat

The new African Continental Free Trade Area (AfCFTA) will make its home in Ghana, a decision announced Sunday during an African Union summit in Niger that celebrated the official launch of the free-trade deal. Actual trading under AfCFTA is expected to begin a year from now and when it does,…

China congratulates Africans on AfCFTA launch

China congratulates Africans on AfCFTA launch

China on Monday congratulated African nations following the weekend launch of the African Continental Free Trade Area (AfCFTA) in Niamey, Niger, during an African Union summit that saw Niger and Benin join the near-complete list of African nations signed to the trade deal. The achievement was welcomed by China’s ministry…

Benin joins Nigeria, agrees to sign AfCFTA agreement

The West African nation of Benin will sign its agreement to the African Continental Free Trade Area (AfCFTA), a move announced Friday that follows Nigeria’s big decision in favor of the common market earlier this week. That leaves just “one more signatory state before all 55 African Union members are…

Study: AfCFTA to bring biggest benefits to Central Africa

A study that looked at the potential regional impacts of the African Continental Free Trade Area (AfCFTA) agreement suggests that it’s Central Africa that stands to gain the most from a unified African market of 1.3 billion consumers, and the easier movement of people and goods across borders. Research director…

Equatorial Guinea set to host AfDB annual meeting

Equatorial Guinea is set to host the African Development Bank’s annual meeting, which begins Tuesday in Malabo and runs through the week. “Equatorial Guinea is one of the most developed countries in Africa, but not many people know that,” said Vincent Nmehielle, the secretary general for AfDB, at a press…

Talking African economy at Davos: The AfCFTA and a unified market

When it comes to a unified African market – the topic of Tuesday’s panel discussion at the World Economic Forum in Davos – Bernard Gautier, deputy CEO of French investment firm Wendel Group, made it easy to see the existing barriers to business and Africa’s economic growth. There’s an office…

Laureen Fagan

Laureen is the editor of Africa Times

The African Continental Free Trade Agreement: Making it count for people and planet

With the stroke of a pen, African heads of state gathered in Kigali, Rwanda on March 21, 2018, signed off on the African Continental Free Trade Area (AfCFTA) deal – which some pundits have characterised as the largest free trade agreement since the World Trade Organization. This signing comes at…

Dr. Richard Munang

Dr. Richard Munang is currently the United Nations Environment Africa Regional Climate Change Programme Coordinator.