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Nigeria raises hope on Africa free trade deal, commits to signing pact

Nigeria raises hope on Africa free trade deal, commits to signing pact

Nigeria, the largest economy on the continent, was one of the last countries that had not committed to signing the deal and its decision to join the bloc will significantly bolster its clout. The African Continental Free Trade Agreement (AfCFTA) aims to eliminate tariffs between member states, creating a market of 1.2 billion people with a combined GDP of more than $2.2 trillion. Apart from Nigeri... »

Latest in Trade and Investment

Latest in Trade and Investment

According to World Bank Group: Globally, investment liberalization and promotion measures continue to predominate over restrictive policies, reflecting a more globally contestable market to attract FDI, especially efficiency-seeking investment.   »

Nigeria: Afreximbank Urges Economic Cooperation to Counter Trade Uncertainties

Nigeria: Afreximbank Urges Economic Cooperation to Counter Trade Uncertainties

Nigeria: Afreximbank Urges Economic Cooperation to Counter Trade Uncertainties Bali, Indonesia — African Export-Import Bank (Afreximbank), has called for greater cooperation among south economies to deal with the uncertainties resulting from the current global trade environment. President, Afreximbank, Prof. Benedict Oramah, made the call yesterday, on the sidelines of the 2018 International Monet... »

Intra-Africa Trade: West Africa to interlink payment system

Intra-Africa Trade: West Africa to interlink payment system

Mrs Ngozi Egbuna, Director-General, West African Monetary Institute (WAMI) says West African countries have joined forces to interlink their payment system to make trading between African countries easier. Egbuna disclosed this on Sunday in an interview with the News Agency of Nigeria (NAN) on the sideline of the IMF/WB Annual Meetings in Bali. She revealed that with funding from the African Expor... »

AFRICA: SEIZE THE OPPORTUNITY OFFERED BY AFRICA’S FREE TRADE AREA

AFRICA: SEIZE THE OPPORTUNITY OFFERED BY AFRICA’S FREE TRADE AREA

The United Nations Industrial Development Organisation convened a high level event in New York on the margins of the 73rd session of the United Nations General Assembly. The event aimed to further foster the implementation of the Third Industrial Development Decade for Africa (IDDA III). Below is a message from Mr Li Yong, the Director General of UNIDO. Since the turn of the millennium, Africa has... »

WATIF FORUM CODE OF CONDUCT

WATIF FORUM CODE OF CONDUCT

At WATIF, we have provided Forums for the WATIF Community to discuss your ideas, discuss missions, and suggestions, show your creative side and to share what you’ve learned on the forum. We believe in an honest and open free exchange of ideas, and in always maintaining a courteous respect for the opinions and positions of others. We believe that promoting a respectful discourse and sharing of idea... »

Sustainable Energy in Africa

Sustainable Energy in Africa

The African continent features many sustainable energy resources, of which only a small percentage have been harnessed. 5–7% of the continent’s hydroelectric potential has been tapped, and only 0.6% of its geothermal. #sustainability #trading #investments #resources #fact #geothermal#westafrica #WATIF #facts #GrowNigeria #health #education #investment#energy #manufacturing #africa #agriculture #ni... »

ICT is the future

ICT is the future

The pace of change brought by new information & communication technologies has had a significant effect on the way people live, work, and play worldwide. Several ICT innovations in Nigeria have brought about massive revenue generation in its sector. ICT is the future! #WATIF »

REALITY CHECK: WHAT ARE THE TARIFFS ON TRADE WITH AFRICA?

REALITY CHECK: WHAT ARE THE TARIFFS ON TRADE WITH AFRICA?

Prime Minister Theresa May’s trip to Africa has generated vigorous debate about how easy trade is between Africa and the EU and whether the UK can keep the same arrangements or even lower barriers. The European Union’s critics sometimes invoke the presence of tariffs – effectively taxes on imported items – on African goods when they accuse it of being a protectionist club o... »

AFRICA: The Agricultural Productivity Needed For Economic Growth.

AFRICA: The Agricultural Productivity Needed For Economic Growth.

Agriculture is the next big thing in Nigeria, and the time to act is now. In order to sustain economic growth, we will require fiscal discipline, productivity improvements, infrastructure improvements, increased regional trade, and greater focus on stimulating and supporting innovation. All stakeholders – including government, donors and the private sector – must align and target their investments... »

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