By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Yes AfricaYes Africa
  • Home
  • Economy
    EconomyShow More
    Afreximbank unveils new $1bn fund to boost film industry
    May 8, 2025
    Ponzi Schemes: How to spot them before It’s too late
    May 8, 2025
    Ghana’s inflation slows for 4th consecutive month, now 21.2%
    May 7, 2025
    DMO opens subscription for new FGN savings bonds with up to 17.173% interest
    May 7, 2025
    SEC issues warning against new Ponzi scheme
    May 6, 2025
  • Technology
    TechnologyShow More
    SEC issues warning against new Ponzi scheme
    May 6, 2025
    $290m fine: Meta threatens to shut down operations in Nigeria
    May 5, 2025
    CBN unveils new guidelines for use of PAPSS payment system
    April 29, 2025
    Nigeria imposes $220 million penalty on Meta and WhatsApp
    April 25, 2025
    Lesotho grants new operating license to Elon Musk’s Starlink
    April 15, 2025
  • Africa Development
    Africa DevelopmentShow More
    Afreximbank unveils new $1bn fund to boost film industry
    May 8, 2025
    Ponzi Schemes: How to spot them before It’s too late
    May 8, 2025
    Ghana’s inflation slows for 4th consecutive month, now 21.2%
    May 7, 2025
    DMO opens subscription for new FGN savings bonds with up to 17.173% interest
    May 7, 2025
    SEC issues warning against new Ponzi scheme
    May 6, 2025
Search

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024

Categories

  • Africa Development
  • Economy
  • Technology
  • Privacy Policy
  • Advertise
  • Careers
  • About Us
  • Contact
© 2024 YesAfrica Company. All Rights Reserved.
Reading: ECA and AfCFTA sign MoU to enhance continental trade integration
Share
Sign In
0

No products in the cart.

Notification Show More
Aa
Yes AfricaYes Africa
0
Aa
  • Economy
  • Africa Development
  • Technology
Search
  • Home
  • Technology
  • Africa Development
  • Economy
  • Bookmarks
Have an existing account? Sign In
Follow US
  • Privacy Policy
  • Advertise
  • Careers
  • About Us
  • Contact
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Yes Africa > Blog > Africa Development > ECA and AfCFTA sign MoU to enhance continental trade integration
Africa DevelopmentEconomy

ECA and AfCFTA sign MoU to enhance continental trade integration

Oluwatobi Adebayo
Last updated: 2025/02/19 at 5:30 PM
Oluwatobi Adebayo
Share
2 Min Read
SHARE

The Economic Commission for Africa (ECA) and the African Continental Free Trade Area (AfCFTA) Secretariat have formally partnered to bolster trade integration and economic development across the continent. This collaboration was solidified through a Memorandum of Understanding (MoU) signed during the Africa Business Forum 2025 in Addis Ababa, Ethiopia.

The MoU establishes a comprehensive framework for both institutions to collaborate on key areas essential for the successful implementation of the AfCFTA.

These areas include market access and trade facilitation, aimed at removing tariff and non-tariff barriers to trade; promotion of industrialization and regional value chains to deepen economic linkages among African economies; and training and capacity building to enhance institutional and technical capabilities for executing AfCFTA policies.

Additionally, the partnership focuses on improving customs and transit systems to streamline trade logistics and cross-border efficiency, as well as fostering private sector development to encourage business engagement in intra-African trade.

- Advertisement -

ECA Executive Secretary Claver Gatete emphasized the transformative potential of the AfCFTA. He remarked, “The implementation of AfCFTA is a transformative opportunity for Africa, but its success depends on strong institutional partnerships. This MoU solidifies our commitment to working with the AfCFTA Secretariat to drive trade integration, enhance market access, and support Africa’s economic development.”

AfCFTA Secretary-General, Wamkele Mene, highlighted the significance of the agreement, noting that the collaboration will expedite the operationalization of the AfCFTA by leveraging ECA’s expertise in trade policy, economic modeling, and capacity building.

In a related development, the African Union (AU) has officially designated Nigeria as the Digital Trade Champion for the continent under the AfCFTA Digital Trade Protocol. This endorsement recognizes Nigeria’s significant efforts in promoting digital enterprise and innovation.

TAGGED: africa, Trending News
Share this Article
Facebook Twitter Copy Link Print
Share
Previous Article Johnvents secures $40.5M investment to boost cocoa production in Nigeria
Next Article Kenya to phase out diesel power for cleaner energy

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
- Advertisement -

Latest News

Afreximbank unveils new $1bn fund to boost film industry
Africa Development Economy May 8, 2025
Ponzi Schemes: How to spot them before It’s too late
Africa Development Economy May 8, 2025
Ghana’s inflation slows for 4th consecutive month, now 21.2%
Africa Development Economy May 7, 2025
DMO opens subscription for new FGN savings bonds with up to 17.173% interest
Africa Development Economy May 7, 2025
//

We influence 20 million users and is the number one business and technology news network on the planet

Yes AfricaYes Africa
Follow US

© 2024 YesAfrica. All Rights Reserved.

  • Privacy Policy
  • Advertise
  • Careers
  • About Us
  • Contact
Welcome Back!

Sign in to your account

Register Lost your password?