Nigeria’s Export Spreads To Kenya Under Africa’s Most Ambitious Trade Deal
Reports on Sunday indicated that Kenya has received its first shipment from Nigeria under the African Continental Free Trade Area.
AfCFTA
Mahama’s Tax Cuts: A Bold Gamble for Ghana’s Economy?
The abolition of Port Dues, which contribute GHS 4 billion to government revenue, is intended to boost Ghana’s competitiveness within the AfCFTA
GITFIC Invests In Poultry Production To Minimize Ghana’s Importation
At the end of the laying cycle, the chicken meat will be processed into a tasty canned chicken sauce for the AfCFTA market, a statement signed by Mr. Selasi Koffi Ackom, Chief Executive Officer of GITFIC and copied to the Ghana News Agency in Accra has said.
Ghana And Kenya, Working To Upscale AfCFTA Benefits
Mahama indicated that the purpose of his visit was to express gratitude for President Ruto’s longstanding support and to extend an invitation to his inauguration scheduled for January 7.
Akufo-Addo Endorses Visa-Free Entry To Ghana For All African Citizens
With executive approval granted on Wednesday, 18 December 2024, this policy is set to take effect before the end of Akufo-Addo’s term on 6 January 2025
GITFIC to Moderate High-Level Panel on AfCFTA at UN Economic Meeting in Morocco
The Ghana International Trade and Finance Conference (GITFIC) has received a distinguished invitation from the United Nations Economic Community for
Ghana International Trade and Finance Conference (GITFiC) Launches First-Ever Economic Indicators for All 54 African Countries
GITFiC has unveiled its inaugural report on key economic indicators across the African continent, covering each of the 54 countries.
African Ministers Advocate for AGOA Renewal and Expansion to Boost Trade and Job Creation
In a concerted effort to enhance trade and stimulate job creation, African ministers are calling for the renewal and expansion
GITFiC Launches AfCFTA Tertiary Student Club at University of Lome, Togo
The Ghana International Trade and Finance Conference (GITFiC) has announced the launch of the GITFiC AfCFTA Tertiary Student Club at
Akufo-Addo Urges African Leaders to Halt Illicit Financial Outflows for Development
President Nana Addo Dankwa Akufo-Addo has urged African leaders to urgently address illicit financial outflows from the continent, which are
Explore the Future of AfCFTA Investment Opportunities in Africa
The African Continental Free Trade Area, AfCFTA, is a historical agreement that is meant to boost intra-African trade and investments. It will reduce tariffs and other barriers to create a single market by making it easier to access resources and consumers across the continent.
How will AfCFTA Impact on Africa Businesses?
This will create much opportunity for African businesses as it eliminates the trade barriers to new markets and a more extended consumer base. It will make the local entrepreneurs strong, increase entrepreneurship, and develop more employment. In addition, regional cooperation will increase and enable businesses to take advantage of the single supply chain that can reduce costs and increase efficiency.
Economic Benefits of AfCFTA to Africa
The impact on Africa is expected to be high. Experts think that the agreement might raise intra-African trade to 52%. This is further projected to push Africa’s gross domestic product (GDP) up by $450 billion through 2035. This will lead to greater prosperity, reduced poverty, and support sustainable development all over the continent.
Investment Opportunities in Africa with AfCFTA
One of the more significant benefits to be derived from AfCFTA is the sheer investment opportunities for Africa. Africa becomes an increasingly attractive destination to global investors by bettering trade infrastructure and reducing the costs of trade associated with the agreement.
The key sectors that can benefit significantly include agriculture, energy, technology, and manufacturing under AfCFTA. These investments are not a preserve of foreign investors but may also be a good opportunity for African investors wishing to diversify their portfolios across the continent.
Role of Technology in AfCFTA
Digital trade platforms, better logistics systems, and modernized customs procedures will render cross-border trade frictionless. This technological shift will benefit African businesses with new tools for innovation efficiency and market expansion.
A Game Changer for Africa’s Future
AfCFTA is the game-changer for Africa; it is going to allow cross-border companies to expand and facilitate investment opportunities that will create long-term economic development, therefore being a bridge to prosperity for the continent. Increased trade, investment, and economic integration prospects will propel Africa’s progress toward the future.
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