Finance

‘AfCFTA to spur Africa’s industrialisation and economic development’

Africa industria 20Countries can use the African Continental Free Trade Area (AfCFTA) tool to create opportunities for African businesses and through them drive the continent’s industrialisation, economic diversification and development, said David Luke, coordinator of the Africa Trade Policy Centre (ATPC) at the Economic Commission for Africa (ECA)

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ECA: Blue economy can be engine of Africa’s economic growth

ICE.1 1The Economic Commission for Africa (ECA) is supporting the African Union, Regional Economic Communities (RECs) and member States to ensure that the potentials of the continent’s blue economy are fully realised, according to ECA’s Southern Africa director Said Adejumobi

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AfDB and MCB launch African Domestic Bond Fund

bond 18The African Development Bank (AfDB) and Mauritius Commercial Bank Group (MCB) have launched the African Domestic Bond Fund (ADBF) ahead of its listing on the Stock Exchange of Mauritius Ltd on 18 September 2018

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Blockbank announces major banking partner during ICO

token 14Blockbank has purchased stake in Spire bank and declared strategic FinTech partnership, as a means to provide international Crypto banking services

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Sugar tariffs to provide relief against imports in South Africa

Sugar 12The recently endorsed International Trade and Administration Commission (ITAC) recommendation to adjust the sugar and increase import duty of US$680 per tonne will provide the immediate relief required by the industry and protection against the surge of imports, said Ncumisa Mcata-Mhlauli, chief director for agro-processing at the Department of Trade and Industry (the dti)

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