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January 22, 2021
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The only continent wide railway union in Africa is enmeshed in crisis, its activities paralysed. Now is time to get African Railway Union functional again. Abuja/Kinshasha-Jan 20th, 2021-@AfroRail: Against the backdrop of African Continental FreeTrade regime, a railway advocacy group, African Railway Roundtable has appealed to the incoming Chairman of African Union to Continue Reading
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The African Development Bank says it is mobilising $6.5 billion in support of the Great Green Wall project, which involves large-scale efforts to stop the Sahara Desert from spreading further south over the next five years. President of Africa’s multilateral development finance institution Akinwumi Adesina, announced this while addressing President Emmanuel Macron, His Continue Reading
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Dangote Industries Ltd has expressed optimism that its cement expansion plan and fertiliser investments will open new trade routes for the company and Nigeria under the African Continental Free Trade Area (AfCFTA) that kicked off on January 1. Already, the cement company, despite an installed capacity of 29.3Mta in Nigeria, is targeting an expanded entity […]Continue Reading
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With the commencement of the African Continental Free Trade Area (AfCFTA) agreement on January 1, 2021, analysts and stakeholders have expressed optimism of Nigerian banks readiness, saying the financial sector stands to benefit most from the continental agreement. The analysts, in separate interviews on Thursday with THISDAY, added that with most Tier-1 banks already Continue Reading
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Today marks the start of preferential trade for South African firms under two new Trade Agreements. They are with countries ready to trade under the African Continental Free Trade Agreement and with the United Kingdom under the SACU, Mozambique –UK Economic Partnership Agreement. South Africa has put in place the legal and the administrative processes […]Continue Reading
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President of the African Development Bank (AfDB), Dr. Akinwunmi Adesina, has called on policymakers in Nigeria and other African countries to unlock over $1 trillion funds locked in pension and insurance assets to bridge the continent’s huge infrastructure deficit. Speaking at the Bloomberg Africa Media Initiative (ABMI) 20 Innovator Chat 2020 on Wednesday, Adesina said Continue Reading
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The African Union has announced that it’s Specialised Committee on Finance, Monetary Affairs, Economic Planning and Integration will discuss the launch of a payment system for the African Continental Free Trade Area (AfCFTA) from the 1st to the 3rd of December. The African Union revealed this on Tuesday evening , the meeting will be 2 […]Continue Reading
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The UN Security Council’s first meeting on the conflict in Ethiopia’s dissident Tigray region ended without members issuing a statement Tuesday. European members forced the closed-door discussion to be held after African countries pulled out of organizing the meeting at short notice, highlighting divisions over Security Council action on the three weeks of Continue Reading
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Says AU and UN can’t do it alone A Non Governmental Organization, Foundation for Peace Professionals also known as PeacePro has called on Nigeria’s President, Muhammadu Buhari to make direct intervention in Ethiopia crisis to halt further destruction of the second most populous country in Africa, noting that the crisis needs the direct intervention of […]Continue Reading