12 °c
London
Monday, May 23, 2022
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home AfCFTA

After a year of trading, is AfCFTA losing momentum?

Mark-Anthony Johnson by Mark-Anthony Johnson
December 23, 2021
in AfCFTA, Africa, Trade
Reading Time: 1 min read
849 9
0
Cabo Verde sees improvements in the trade deficit in 2018
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Twelve months after the official start of trading under the African Continental Free Trade Area (AfCFTA) agreement, some commentators fear that the project is losing steam.

Despite the “fantastic surprise speed” of progress in 2020, “the AfCFTA seems to be losing the momentum it gained amongst African leaders at the very time its importance is recognised elsewhere,” says Carlos Lopes, professor in the Mandela School of Public Governance at the University of Cape Town.

“This apparent paradox has to be dissipated fast,” he warns.

Also read: Norway commits funds to IFAD to lift aquaculture in Mozambique Kenya and Tanzania

Lopes argues that while the Covid19 pandemic is responsible for slower progress in getting the AfCFTA up and running, the real stumbling blocks lie in three elements that are eroding consensus:

  • the never-ending discussion on the rules of origin, which is the intersection between trade and possible industrial policy;
  • the interference of external partners pushing their agenda of divide and rule (with Kenya’s free trade deal with the US a case in point);
  • a lack of capacity in the Secretariat to push the agenda, given its launch in the middle of the pandemic.

As of December 2021, 39 countries have deposited their instruments of ratification (ordered by date): Ghana, Kenya, Rwanda, Niger, Chad, Eswatini, Guinea, Ivory Coast, Mali, Namibia, South Africa, Congo Republic, Djibouti, Mauritania, Uganda, Senegal, Togo, Egypt, Ethiopia, The Gambia, Sahrawi Arab Democratic Republic, Sierra Leone, Zimbabwe, Burkina Faso, São Tomé and Príncipe, Equatorial Guinea, Gabon, Mauritius, Central African Republic, Angola, Lesotho, Tunisia, Cameroon, Nigeria, Malawi, Zambia, Algeria, Burundi and Tanzania.

Related

Tags: AfCFTAAfrican Continental Free Trade AreaAfter a year of trading is AfCFTA losing momentum?AlgeriaAngolaBurkina FasoBurundiCameroonCarlos LopesCentral African RepublicChadCongo RepublicDjiboutiEgyptEquatorial GuineaeSwatiniEthiopiaGabonGhanaGuineaIvory CoastKenyaLesothoMalawiMaliMandela School of Public Governance at the University of Cape TownMauritaniaMauritiusNamibiaNigerNigeriaRwandaSahrawi Arab Democratic RepublicSão Tomé and PríncipeSenegalSierra LeoneSouth AfricaTanzaniaThe GambiaTogoTunisiaUgandaZambiazimbabwe
ScanSendShare343Tweet215Share60Pin77Send
Mark-Anthony Johnson

Mark-Anthony Johnson

MARK-ANTHONY JOHNSON is the founder and CEO of JIC Holdings, an innovative private holding company established in 2009 which he has built into an international asset and investment management company with offices, associates and investments around the globe. This followed the success of the JIC Group which he founded in 1985. He was educated in the UK at Mill Hill School and then achieved a BA (Hons) in Business and International Finance at University of Westminster. Mark-Anthony’s vision has long been towards emerging and frontier markets with particular emphasis on Africa, Latin America and the Caribbean and his philosophy can be summed up in the phrase “knowledge is power”. Mark-Anthony is also enthusiastic about the latest communication tools, which he uses intensively to keep in touch with up to the minute data. With a deep-rooted connection to the African continent, Mark-Anthony has been passionate about developments in Africa for over 30 years. He has worldwide interests in mining, infrastructure, power, electricity, shipping, commodities, agriculture and fisheries and is currently looking to develop farms across Africa. Mark-Anthony has a vision for a future Africa as the breadbasket of the world. For many years Mark-Anthony has been active on the ground in Africa through his charitable foundation, the Johnson Foundation. Created in 1989, it first provided assistance to people in his ancestral home country, Sierra Leone, even before the civil war. Once the war started, his aid was even more necessary and became focussed on Mark-Anthony’s major concerns for Africa -education, clean water and medical assistance. Over the years, the Foundation’s work has been extended into many parts of Sub-Saharan Africa and has been instrumental in setting up new clinics and rehabilitating villages, schools, places of worship, water facilities etc.

Related Posts

South African stocks hit near 7-month highs
Banking

South Africa Investec nearly doubles annual profit

by FurtherAfrica
May 23, 2022
Trade

Mozambique to have all food products labelled in Portuguese by July

by Farmers Review Africa
May 23, 2022
Foreign banks in Ethiopia: The thin line in between strategy and law
Finance

Ethiopia moving towards establishing its security exchange

by FurtherAfrica
May 23, 2022
Egypt: AfDB approves loan for 200 MW Solar Plant
Infrastructure

American firm to deploy solar-powered network in Rwanda

by Taarifa Rwanda
May 23, 2022
The top 5 wealthiest cities in Africa
Economy

South Africa tourism showing signs of recovery

by FurtherAfrica
May 23, 2022
Great Limpopo Transfrontier Park
 
AFSIC 2022
 
MozParks

Translate this page

Read the Latest

South African stocks hit near 7-month highs
Banking

South Africa Investec nearly doubles annual profit

by FurtherAfrica
May 23, 2022
0

South African lender and asset manager Investec's (INVP.L), (INLJ.J) full year profit soared by almost 91% thanks to strong loan...

Read more

Mozambique to have all food products labelled in Portuguese by July

May 23, 2022
Foreign banks in Ethiopia: The thin line in between strategy and law

Ethiopia moving towards establishing its security exchange

May 23, 2022
Egypt: AfDB approves loan for 200 MW Solar Plant

American firm to deploy solar-powered network in Rwanda

May 23, 2022
The top 5 wealthiest cities in Africa

South Africa tourism showing signs of recovery

May 23, 2022

FurtherAfrica Partners

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?