Africa’s dream of creating a borderless $3.4 trillion market is set to face the litmus test in July next year when the African Continental Free Trade Area (AfCFTA) agreement comes into force. Launched in Kigali, Rwanda, in May this year, the signing of the AfCFTA agreement by all but one of Africa’s 55 countries was a major highlight for the ...
Read More »Former President Favours Nigeria Border Closure
Olusegun Obasanjo, former Nigerian President spoke in favour of Nigeria’s partial border closure with neighbours, asking Benin Republic to change its ways for a harmonious bilateral relationship between the two countries. Obasanjo spoke on a day former Director of Kenyan Anti-Corruption Commission, Prof. PLO Lumumba, said in Lagos that Nigeria was too big to be threatened by smaller neighbouring countries ...
Read More »Indian And Bangladesh Enhance Trade Ties
India’s ties with Bangladesh are also significant in terms of trade, which touched $10 billion last year. Even though it is highly skewed towards India — in a 9:1 ratio — Bangladesh’s largest item of import from India is cloth and yarn, which has powered that nation’s huge exports of ready-made textiles across the world. India also imports several of ...
Read More »Rwanda Criticizes Uganda For Failing To Organize Bilateral Meetings
Rwanda and Uganda are caught up in a major tussle as the latter refused to hold bilateral meetings to resolve issues pertaining to movement of goods and people across the border. Rwanda’s Paul Kagame revealed, “The meeting in Kigali went well and there was supposed to be a meeting after that in Kampala but it did not happen. I am ...
Read More »Nigerian Border Closure To Affect African Trade
The Intra-African trade faces a grim future owing to closure of Nigerian border. International relations expert Dr. Vladimir Antwi-Danso has expressed his dissatisfaction about these activities and wishes to initiate dialogues with the Nigerian authorities to improve the situation. “Every country is trying to be protectionist, America is doing it, China is doing it, but the only thing we can ...
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