Africa Continental Free Trade Agreement
Come July this year, the implementation of the Africa Continental Free Trade Agreement will take off, but are countries in West Africa ready to take advantage of this trade pact? Paul Alaje, Senior Economist at SPM Professionals joins CNBC Africa for more.
Nigeria's Presidency says it will sign the Africa Continental Free Trade Agreement (AfCFTA) this weekend at the African Union summit in Niamey. Meanwhile, total capital imported into Nigeria in the first half of the year rose 34.6 per cent to $8.5 billion year-on-year. Nonso Obikili, Director at Turgot Centre for Economics and Policy Research joins CNBC Africa for more.
Ethiopia’s parliament has approved the membership of the country into the Africa Continental Free Trade Agreement bringing the number of ratifications across the continent to 21 with the AFCFTA needing only 22 ratifications to become effective. Meanwhile, Nigeria is yet to ratify the treaty. Winston Osuchukwu, Co-founder, Trans-Sahara Incorporated joins CNBC Africa to review Nigeria’s trade treaties.