Africa


Africa: Weaponizing Free Trade Agreements
In April 2021, Secretary of State Antony Blinken confirmed US-Kenya FTA talks would resume. Observers believe the US-Kenya FTA, initiated by Trump in 2020, would help expand US 'carrot and stick' trade and security policies on the continent to counter China.
Fossil fuel investment protection – it’s time for actions to speak louder than words
Political leaders and companies who are major contributors to climate change have expressed increasing commitment to playing a role in addressing climate change, but there appears to be a gap between these sentiments and negotiations...
Nigeria eyes global energy charter for investments
Nigeria is targeting to be part of the International Energy Charter (IEC), a global community that will enable it to attract Foreign Direct Investments (FDI) to accelerate power sector development.
European Parliament pushes for a new trade deal with Africa
The vote on the “Future of EU-Africa trade relations” focuses on five key themes: infrastructure, food security, civil society, fair trade agreements and sustainable economic development.
Algerian trade cut off with Spain: Spanish companies with interests in Algeria should take measures to manage their risks
Spain’s recognition of the autonomy plan for Western Sahara proposed by Morocco has escalated diplomatic tensions between Spain and Algeria.
AfCFTA suffers setback as Benin Republic slams CFA9m on Nigeria-bound transit cargoes
The agreement was brokered by the African Union (AU) and was signed by 44 of its 55 member states in Kigali, Rwanda on March 21, 2018. The only country still not to sign the agreement is Eritrea, which has a largely closed economy.
ECOWAS regional experts meet on the draft Ecowas common schedule of specific commitments on trade in services for the African Continental Free Trade Area (AfCFTA)
To date, a total of forty-three (43) African countries are State Parties to the Agreement of the AfCFTA, including twelve (12) ECOWAS Member States.
Egypt, EAEU discuss launching new free trade agreement
Egypt’s Minister of Trade and Industry Nevine Gamea stated that a free trade agreement between Egypt and the Eurasian Economic Union (EAEU) has been negotiated.
Long-awaited Africa free trade area takeoff delayed by six states
Six countries drawn from three regional economic blocs are yet to ratify the African Continental Free Trade Area (AfCFTA), delaying its implementation more than a year after it was formally launched in January 2021
Kenya, US revisit trade talks, agree to expedite process
US is pushing for favourable terms among them a duty free market access for its goods, including agricultural and industrial, in a move aimed at taming the growing dominance of China’s trade with Kenya.