African countries secure $4.8million grant from AfDB for continental free trade implementation

African countries secure $4.8million grant from AfDB for continental free trade implementation

click photo for more information
African countries secure $4.8million grant from AfDB for continental free trade implementation
<p class="">The African Union (AU) has secured a $4.8 million institutional support grant from the African Development Bank Group for implementation of the African Continental Free Trade Area (AfCFTA).</p> <p class="">The grant was approved by the Group’s Board of Directors on 1 April 2019.</p> <p class="">The grant forms part of a series of interventions by […]
19
27

<p class="">The African Union (AU) has secured a $4.8 million institutional support grant from the African Development Bank Group for implementation of the African Continental Free Trade Area (AfCFTA).</p>

<p class="">The grant was approved by the Group’s Board of Directors on 1 April 2019.</p>

<p class="">The grant forms part of a series of interventions by the Bank in its lead role to accelerate the implementation of the Free Trade Agreement, seen as a major force for integrating the 55-nation continent and transforming its economy.</p>

<p class="">AU’s Commissioner for Trade and Industry, initialled for the continental body, Albert Muchanga and Andoh O. Mensah, representing the Bank’s Director of the Industrial and Trade Development Department (PITD), signed on behalf of the Bank, signalling the start of implementation.</p>

<p class="">Muchanga after signing the grant commended the Bank’s strong and consistent support to ensure smooth implementation of the Agreement.</p>

<p class="">He noted that the grant will be used judiciously for the rollout of various protocols relating to the structure and mandate of the AfCFTA Secretariat.</p>

<p class="">He further urged countries to use this period to complete the parliamentary processes.</p>

<p class="">“The AfCFTA is going to work, and we are confident that by the 1st of July next year, all the 55 countries will be state parties – meaning they would have signed and ratified the agreement and intra-African trading will start.”</p>

<p class=""><strong>Background</strong></p>

<p class="">African leaders meeting at Niamey, Niger, in early July launched the implementation phase of the free trade area agreement established in March 2018, after it became operational at the end of May this year. Currently, 54 states have signed the deal and are set to begin formal trading next July.</p>

<p class="">The AU currently has an interim Secretariat in Ghana which tasked to provide the organisational structure for the permanent administrative body, its work programme and related issues including its budget. </p>

<p class="">The Continental Free Trade deal has the potential to create the largest free-trade area in the world, uniting 55 African countries with a combined gross domestic product of more than US$2.5trillion. It is a major force for continental integration and expansion of Intra African trade, currently estimated at around 16%.</p>

<p class="">The trade agreement is expected to expand intra-African trade by up to US$35billion per year; ease movement of goods, services and people across the continent’s borders; and cut imports by $10billion, while boosting agriculture and industrial exports by seven percent and five percent respectively.</p>

Sunday Dare promises to rehabilitate Abuja National Stadium

click photo for more information
Sunday Dare promises to rehabilitate Abuja National Stadium
<p class="">The Minster also hinted on plans to privatise the pitch-side perimeter advertising boards like its done in developed countries.</p> <h1>Minister of Youth and Sports Development, Sunday Dare has pledged to ensure the urgent rehabilitation of the Moshood Abiola National Stadium Abuja in line with international best practice.</h1> <p class="">The minister made the pledge on […]
0
4

Tribunal sacks Dino Melaye as Kogi West Senator, orders Fresh Election

click photo for more information
Tribunal sacks Dino Melaye as Kogi West Senator, orders Fresh Election
The senator representing Kogi West District, Dino Melaye has been sacked by the National Assembly/State Assembly Election Petition Tribunal, TheCable reports. Senator Smart Adeyemi, who was the candidate of All Progressives Congress (APC) had approached the tribunal, challenging Melaye’s victory at the February 23 election, citing irregularities over voting and non compliance with the electoral […]
2
2

Lynxxx – “She Likes” ft. BOJ

click photo for more information
Lynxxx – “She Likes” ft. BOJ
Lynxxx returns to the music scene with a new song titled “She Likes” featuring BOJ, produced by Spax. The Nigerian rapper who shook the industry with his 2012 hit song ‘Fine Lady‘ featuring Wizkid took a long break from music. Lynxx returns with a well packaged song “She Likes” featuring BOJ which serves as his […]
2
6

Police Academy selection examination holds August 24

click photo for more information
Police Academy selection examination holds August 24
He said applicants were expected to assemble at the examination venue by 7:00 a.m. The post Police Academy selection examination holds August 24 appeared first on Premium Times Nigeria. Related
0
15

Ambode Remained Quiet Despite Travails Because Of Respect For Buhari

click photo for more information
Ambode Remained Quiet Despite Travails Because Of Respect For Buhari
    Former Governor Ambode and President Buhari Former Commissioner for Energy and Mineral Resources in Lagos State, Olawale Oluwo, has revealed that former governor of the state, Akinwumi Ambode has remained quiet despite his travail because of his respect for President Muhammadu Buhari. He also added  that everything pertaining to the government in Lagos […]
1
9

[Video] Broda Shaggi – “Nor Nor”

click photo for more information
[Video] Broda Shaggi – “Nor Nor”
Broda Shaggi returns with the official music video for his new jam “Nor Nor” as a follow up to ‘Serere‘ Nigerian multi talented artiste and affiliate of DMW, Broda Shaggi comes through with a new sound. The new record is titled “Nor Nor“, produced by Tuzi and Video Directed by TG Omori. its totally a […]
0
11

Mr Eazi – “Doyin” ft. Simi (Prod. by Killertunes)

click photo for more information
Mr Eazi – “Doyin” ft. Simi (Prod. by Killertunes)
Mr. Eazi returns with a new song titled “Doyin” yet again with songbird, Simi. Finally, after thrilling us with the snippet to his new song with Simi on IG, Mr. Eazi releases “Doyin”, a classic record produced by Killertunes. This record is a love jam straight from the heart, it explains how both lovers are […]
0
5

Tidinz – “Mama Ebere”

click photo for more information
Tidinz – “Mama Ebere”
Tidinz ain’t playing no games this year! Just last month he dropped a new song titled “Nkpofe” featuring Zoro! Just right after dropping the 7tracks one bonus Ep titled “777”! The Insane Boy AKA The King Of The East is here again with a new song! Titled “Mama Ebele” produced by TSpize! What do you […]
1
8

Sultan, Onaiyekan, Ayokunle elected into global peace council

click photo for more information
Sultan, Onaiyekan, Ayokunle elected into global peace council
FOUR prominent Nigerian religious leaders have been elected into the Council of Religions for Peace, a United Nations-backed organisation for global harmony. Continue reading Sultan, Onaiyekan, Ayokunle elected into global peace council at Vanguard News. Related
1
8

Florida executes killer who targeted gay men

click photo for more information
Florida executes killer who targeted gay men
A confessed murderer linked to a months-long killing spree in 1994 that targeted older gay men was executed Thursday in the US state of Florida. Continue reading Florida executes killer who targeted gay men at Vanguard News. Related
1
9

Ronke Bamisedun Launches New Video Series “Level Up With Ronx” | Watch Intro

click photo for more information
Ronke Bamisedun Launches New Video Series “Level Up With Ronx” | Watch Intro
Ronke Bamisedun, founder of BWL agency has just started a mini vlog series titled “Level Up With Ronx”, where she shares tips for young creatives looking to grow in the industry. Watch the introduction: View this post on Instagram I did a video because my (exes) girl keeps asking about me.. so let me tell […]
1
7

Vlogger Patricia Bright Debuts Baby Bump 🤰🏾

click photo for more information
Vlogger Patricia Bright Debuts Baby Bump 🤰🏾
Makeup and fashion expert, Patricia Bright has revealed that she and husband Mike Bright are expecting their second child together. The style queen who is already 5 months gone, revealed this on her social media pages, posting some beautiful baby bump photos with a tweet “and I OOP!”…. That’s it…that’s the tweet. #5months” See more […]
1
9
load more posts