19 July 2017
Atta Africa Financial Update
Executive summary: Seven countries including Ethiopia have rejected the decision taken at the 29th ordinary session of the African Union Assembly regarding the implementation of the Continental Free Trade Area (CFTA).
The AU summit, which ended on June 4, emphasised the need for member states to implement the first phase of the CFTA by the end of this year, through attending to the issue of tariff barriers.
Countries are insisting on the soonest possible implementation of the CFTA, which they say will boost the continent’s intra-Africa trade to over 50 per cent from the current 13 per cent.
The first phase of CFTA negotiations focuses on trade in goods and trade in services while the second phase will focus on competition, investment and intellectual property rights - convertibility of currency is also a long term objective of the CFTA.
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Uganda’s ICT in agriculture plan receives US$150 million |
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Actis has announced a US$275 million higher education platform for Africa |
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