AfCFTA

Nigeria Economic Update (Issue 19)

In August 2019, the Nigerian government closed all land borders to check the smuggling of products, especially rice and petroleum products, and other illicit cross-border activities. In December 2020, sixteen months after the closure, the government began the phased reopening of land borders and started with four borders – Illela, Maigatari, Mfun, and Seme. Sequel […]

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Why Digitalization and Digital Governance Are Key to Regional Integration in Africa

On January 1, 2021, the long-anticipated African Continental Free Trade Area (AfCFTA) became a reality. The benefits of creating a single African market under the AfCFTA are wide-ranging and potentially revolutionary. By reducing tariff and non-tariff barriers to intra-African trade, the initiative could boost regional exports by 29 percent and income by 7 percent between 2020 and 2035. There is also optimism that […]

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Company and Allied Matters Act (CAMA) 2020: Enhancing a better business environment for MSMEs in Nigeria Under AfCFTA

With the passing into law of the reformed Company and Allied Matters Act (CAMA, 2020) which replaces the CAMA 1990 Act, Nigeria is uniquely positioned to be in the top 20 of doing business rating globally by 2030. At this time when the African Continental Free Trade Area (AfCFTA), one of the world largest Continental […]

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Extending MSMEs’ access to trade finance under the AfCFTA

While the African Continental Free Trade Area (AfCFTA) provides opportunities for regional financial sector development, it also poses a real test for the continent’s financial system. The ability of Africa’s financial sector to perform the crucial function of facilitating economic growth and integration, at the required scale to support the capacity of small firms to […]

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The Effect of the African Continental Free Trade Area on Medium Small & Micro-scale Enterprises in Nigeria

Recently, we worked with members of the organized Private Sector of Nigeria, supported by Center for International Private Enterprise (CIPE) Africa to research the growth potential of the African Continental Free Trade Area (AfCFTA), its impact on Nigerian Micro, small & Medium Enterprises MSMEs. Introduction Free Trade Agreements (FTAs) are established components of regional integration […]

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Nigeria Economic Update (Issue 45)

The Federal Executive Council has ratified Nigeria’s membership of the African Continental Free Trade Area (AfCFTA) agreement ahead of the December 5, 2020 deadline.1 The AfCFTA, which comes into effect on the 1st of January 2021, aims to create a single market for goods and services in Africa that can potentially increase consumer and business […]

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Accelerating green energy transition in Africa through regional integration

This brief examines the challenges towards green energy transition in Africa and the prospect of regional integration in fast-tracking this process. Regional integration as being proposed among African countries can sidestep some of the constraints that countries, individually, face in the areas of finance, human capital and technology needed for transition. The study also reflects […]

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