The African Continental Free Trade Area (AfCFTA) presents a transformative opportunity for Micro, Small, and Medium Enterprises (MSMEs) across Africa. By creating a single market for goods and services, AfCFTA aims to enhance intra-African trade and stimulate economic growth. This … Read More
AfCFTA
A 9-Step Guide On Expanding Your Business in the ECOWAS Region
Introduction Expanding your business into the Economic Community of West African States (ECOWAS) region offers a significant opportunity for growth. This article provides a detailed roadmap to help businesses navigate the complexities of entering and thriving in this diverse market. … Read More
Understanding the African Continental Free Trade Area (AfCFTA) for MSMEs
The African Continental Free Trade Area (AfCFTA) is a flagship project of the African Union’s Agenda 2063, aimed at creating a single continental market for goods and services, with free movement of businesspersons and investments. It aims to boost intra-African … Read More
Understanding the African Continental Free Trade Area (AfCFTA) for MSMEs
As a seasoned professional with over 20 years of experience, I’ve witnessed the dynamic evolution of trade policies and their profound impact on businesses, particularly Micro, Small, and Medium Enterprises (MSMEs). The African Continental Free Trade Area (AfCFTA) represents one … Read More
AfCFTA: Promoting E-commerce and Formalising Informal Micro-Enterprises in Africa.
The African Continental Free Trade Area (AfCFTA) has opened a $3.4 trillion borderless market created by the AfCFTA to present an opportunity and rekindled hopes for African recovery through trade in a post-Covid-19 world. … Read More
AfCFTA: Trade Finance and Intra-Africa Trade
With the African Continental Free Trade Area (AfCFTA) bringing together 1.3 billion people in 55 African countries to create the world’s largest free trade area as measured by the number of participating Member States, the Economic Development in Africa Report 2019 notes that the rules of origin could be a revolutionary for Africa as long as they are simple, transparent, business-friendly and predictable. … Read More
AfCFTA: Administration of Rules of Origin
With the African Continental Free Trade Area (AfCFTA) bringing together 1.3 billion people in 55 African countries to create the world’s largest free trade area as measured by the number of participating Member States, the Economic Development in Africa Report 2019 notes that the rules of origin could be a revolutionary for Africa as long as they are simple, transparent, business-friendly and predictable. … Read More
AfCFTA & PASPPS: Accelerating Africa’s Trade
PAPSS allows a customer in one African country to pay in their currency, while a seller in another country receives payment in their currency. With PAPSS, this would facilitate the African Continental Free Trade Agreement (AfCFTA) aim to bring together the 54 African countries to trade under a single market with liberalized tariffs and the removal of the non-tariff barriers to cross-border trading. … Read More
AfCFTA: The Need to Review Double Taxation Arrangement
The AfCFTA has opened a $3.4 trillion borderless market created to present an opportunity and rekindle hopes for African recovery through trade in a post-Covid-19 world. As nations continue to battle a pandemic that does not respect national borders, the Intra-African trade is currently low at 14.4 percent of total African exports. The United Nations Conference on Trade and Development (UNCTAD) estimates that the AfCFTA could boost intra-African trade by about 33 percent and cut the continent’s trade deficit by 51 percent. … Read More
AfCFTA: Potentials & Challenges for MSMEs in Africa
The AfCFTA has opened a $3.4 trillion borderless market created to present an opportunity and rekindle hopes for African recovery through trade in a post-Covid-19 world. As nations continue to battle a pandemic that does not respect national borders, the Intra-African trade is currently low at 14.4 percent of total African exports. The United Nations Conference on Trade and Development (UNCTAD) estimates that the AfCFTA could boost intra-African trade by about 33 percent and cut the continent’s trade deficit by 51 percent. … Read More