The President, Nana Addo Dankwa Akufo-Addo, is set to open and handover the African Continental Free Trade Area (AfCFTA) Secretariat Building to the African Union Commission (AUC), in Accra, on Monday. The AfCFTA Secretariat will administer the free trade agreement creating a 'Single Market' for 55 African countries. The combined...
Ghana's seaborne trade in import and export volume in the first quarter of 2020 recorded a net effect of negative 43.3% compared to the same period in 2019. The indication is that imports in first-quarter dropped by 24.52% compared to same period in 2019 - in total of 2.7 million...
Aside from the various trends discussed in my last piece, there are many others which have happened since the arrival if COVID-19 and its constraints. They most important lesson to note as industry players, and those hoping to get in, is that e-commerce is a demand-led industry wherein customers push...
South Africa’s Shoprite Holdings will lay off 115 staff and close another Kenyan store, less than a year after its opening as part of the supermarket’s expansion into the east African country, a letter seen by Reuters shows and the company confirmed. In the letter, addressed to the Kenyan Union...
Cargo throughput has seen a 44% drop in the first quarter of 2020 compared to the same period in 2019, laying bare the impact of the coronavirus pandemic on Ghana’s shipping and maritime industry. The import trade volume, according to the Ghana Shippers Authority (GSA), decreased by 24.5% and exports...
The African Export-Import Bank (Afreximbank) has been recognized by EMEA Finance’s 12th African Banking Awards for two transactions processed under its Intra-African Trade Initiative. Afreximbank was recognized for its leading role in the $737 million bundle of guarantee facilities granted to Elsewedy Electric Group and The Arab Contractors for the construction of...
The European Investment Bank (EIB), the lending arm of the European Union, and the African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, are directing  €300m of financing to support the resilience and recovery of African nations in response to the COVID-19 pandemic. The funds will ensure businesses across...
Kantanka Automobile Ghana Limited, the only indigenous automobile manufacturing company in Ghana, is set to get on the market with their range of vehicles. Francis Kujoji, General Manager of the company, said the company has been given the green-light to proceed with mass production of different models of vehicles. "This...
Ghanaians are learning to adapt to the ‘new normal’ way of life. However, they will now be given more reasons to find comfort in their homes through the power of Samsung’s innovative technology. To help with adapting to the rules of social distancing and bring joy to homes across the...
Today, August 6, women-led B2B Enterprise Development Agency, ScaleUp Africa, will virtually host its inaugural Pan-African Business Festival- ‘IGNITE’ set to promote access to enterprise growth resources for entrepreneurs of African Descent, globally. The festival is poised to nurture closer economic ties and opportunities for youth and women-led small businesses...