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
Taxation
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: 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