Africa


China Is the biggest winner from Africa’s new free trade bloc
AfCFTA was supposed to usher in a new era of continental trade and economic growth—but Beijing’s not letting that happen.
African social movements demand that AU suspends undemocratic and pro-industry seed and GMO guidelines and processes
More than 50 African groups denounce how the African Union is using the African Continental Free Trade Area as a justification to push the seed harmonisation agenda.
A makeover for the India-Africa economic partnership
The India-Africa partnership is set for a major makeover as both sides seek economic self-reliance to insulate their respective economies from external shocks.
AfCFTA rules of origin talks drag
The full rollout of the African Continental Free Trade Area (AfCFTA) is being delayed as countries haggle over the overarching agreement on rules of origin and tariff reduction schedules.
Biden administration launches initiative to build US-Africa trade
The administration of US President Joe Biden has kicked off the Prosper Africa Build Together initiative by requesting $80 million from Congress to build trade and investment between the US and Africa.
US trade chief plans summit to discuss Africa duty-free access
The US’s trade chief plans to convene a meeting with African ministers before the end of the year to strengthen partnerships and discuss a law that provides duty-free access to the U.S. for thousands of goods from sub-Saharan nations.
Kenya is gateway to African market: cabinet secretary
Korean companies will archive market access through regional integration in Africa and East African region if Kenya is made base, according to Betty Maina, Kenya’s cabinet secretary for industrialization, trade and enterprise development.
Burundi has officially ratified the agreement establishing the African Continental Free Trade Area
In a document that was made public this Tuesday, July 6, 2021, it was confirmed that Burundi officially ratified the agreement establishing the African Continental Free Trade Area on June 17, 2021.
India is now Africa’s third largest trading partner
Indian companies are flourishing well in overseas. The African Continental Free Trade Area (AfCFTA) provides a window to the Indian companies to tap a unified African market.
The free trade vision and its fallacies: the case of the African Continental Free Trade Area
Some economists suggest that the liberalization of trade will result in an unequal distribution of losses and profit gains while economically dislocating a large number of workers in import-competing sectors.