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Africa-Wide Free Trade Area Becoming A Reality

AFRICANGLOBE - Three regional economic communities in Africa are expected to sign an agreement in 2014 to establish an enlarged market covering 26 countries in eastern and southern Africa. The "Grand" or Tripartite Free Trade Area with a combined population of some 600 million people and a Gross Domestic Product of about US$1 trillion covers half of the member states of the African Union and is intended to boost intra-regional trade, increase investment and promote the development of cross-regional infrastructure.

Intra-Africa Trade, Investment Key to Continent’s Development

AFRICANGLOBE - They are challenging traditional incumbents and introducing new business models and strategies that are driving domestic and cross-border growth within Africa. Kenya's ICT companies are investing in Rwanda and are now looking to enter Nigeria, while United Bank for Africa and other Nigerian banks are rapidly expanding into other African countries.

Intra Africa Trade to Generate U.S.$200 Billion Annually

President of the Pan African Parliament Bethel Amadi has said the economic integration of Africa will improve its economic prosperity as mere two percent...
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