News - News Agency Of Nigeria

South Africa urges manufacturers, farmers to expand exports through AfCFTA (Page 2,844)

South Africa’s Trade and Industry Minister Ebrahim Patel on Friday urged manufacturers and farmers in the country to prepare themselves for opportunities in export markets following the launch of the African Continental Free Trade Agreement (AfCFTA).

AfCFTA came into effect on Friday.

Patel, while believing the agreement could lead to more employment opportunities, said it could also help manufacturers in South Africa to expand to new markets available in West, Central and East Africa.

“Trade with the rest of the continent is a critical source of output and jobs growth. African countries recognise that industrialisation is critical to the development of the continent,” he said.

Patel said the agreement could potentially transform business in Africa though its impact will not be immediate.

“The new agreement that comes into effect today will take some time to be fully operational but has the potential to be transformative for Africa, breaking our dependence on a neo-colonial pattern of trade that characterised trade,” he said.

He also said this was a chance to build advanced economies and innovative businesses.

“It will take dedication and disciplined implementation over the next few years to fully realise the benefits,” he added.

The free trade agreement, launched in March 2018 in the Rwandan capital city Kigali, has so far gathered 54 African Union member signatories.

The United Nations Economic Commission for Africa said the African free trade accord has the potential to boost the level of intra-Africa trade by more than 52 per cent by the year 2022. (Xinhua/NAN)

South Africa urges manufacturers, farmers to expand exports through AfCFTA

By: Rabi'u Sani Ali

On: January 2, 2021

In: General News

China-Africa friendship emerges still stronger from COVID-19 challenge

By: Rabi'u Sani Ali

On: January 2, 2021

In: Foreign

Chinese State Councilor and Foreign Minister Wang Yi said the friendship between China and Africa emerged still stronger from the challenge posed by the Coronavirus (COVID-19) in 2020. Wang made the remarks in an interview with Xinhua News Agency and China Media Group. “With our shared identity as part ofContinue Reading

FRSC boss praises minister for prompt evacuation of fallen tanker

By: Rabi'u Sani Ali

On: January 2, 2021

In: General News

By Ibironke Ariyo The Corps Marshal of the Federal Road Safety Corps (FRSC), Mr Boboye Oyeyemi, has commended the Minister of Works and Housing, Mr Babatunde Fashola, for aiding the speedy removal of a fallen tanker on the Lagos-Ibadan expressway. Oyeyemi praised the minister in a statement issued by theContinue Reading

COVID-19: Nigeria reports 1,074 new cases, 11 deaths

By: Rabi'u Sani Ali

On: January 2, 2021

In: Health

The Nigeria Centre For Disease Control (NCDC) has reported 1,074 new infections of the Coronavirus (COVID-19) in the country.Continue Reading

COVID-19: Kwara Govt. announces Jan. 11 for schools resumption

By: Rabi'u Sani Ali

On: January 2, 2021

In: Education

Kwara Government has announced that tertiary institutions will resume on Jan. 11, 2021, under strict adherence to COVID-19 safety protocols.Continue Reading

Senate overrides Trump’s veto of major national security bill

By: Afonne Emmanuel

On: January 2, 2021

In: Foreign

U.S. Senate overrides U.S. President Donald Trump’s veto of National Defense Authorisation Act (NDAA), a major national security bill worth 740 billion dollars.Continue Reading

Brexit: Britain, EU begin new era of relations

By: Edith Ike-Eboh

On: January 1, 2021

In: Foreign

Brexit is finally reality after Britain left the single market at the stroke of midnight CET (2300 GMT) on New Year’s Eve.Continue Reading

Kano SEMA supported 47,551 flood, fire disaster victims in 2020 — Chairman

By: Edith Ike-Eboh

On: January 1, 2021

In: Environment

The Kano SEMA, says it distributed relief materials to 47,551 flood and fire disaster victims in the state in 2020.Continue Reading

Council promises to improve status of women

By: Edith Ike-Eboh

On: January 1, 2021

In: General News

NCWD has promised to improve collaboration with Nigerian and international partners to improve the status of women.Continue Reading

BEDC set to roll out 90,870 meters in 4 states

By: Edith Ike-Eboh

On: January 1, 2021

In: General News

BEDC says it has concluded plans to roll out no fewer than 90,870 meters to customers in its franchise areas of Edo, Delta, Ondo and Ekiti,Continue Reading

Follows Us

South Africa urges manufacturers, farmers to expand exports through AfCFTA (Page 2,844)