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AU selects Ghana to host African Continental Free Trade Secretariat

The Executive Council of the African Union has accepted Ghana’s bid to host the Secretariat of the African Continental Free Trade Area (AfCFTA) at the ongoing AU Summit in Niamey, Niger. The decision has been recommended to the Heads of State and Governments for approval. The following countries, Kenya, Ghana, …

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Security experts urge UN to step-up efforts to stabilize Sahel Region

Three security experts have urged the United Nations (UN), the African Union (AU) and ECOWAS to step-up their efforts to stabilize Mali, Burkina Faso and other countries in the Sahel Region. The experts, who made the appeal include Dr Festus Aubyn, Research Fellow, Faculty of Academic Affairs and Research (FAAR), …

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Russia and Africa unite efforts to defeat terrorist threats

Russia and Africa have agreed to step up efforts towards the promotion of global for peace and stability and defeat terrorist threats to sustain Africa on the path of economic development. Andrey Kemarsky, Director of the Russian Foreign Ministry’s Department of Africa, said his country would continue to make significant …

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Boeing pledges $100m to help families of 737 Max crash victims in Indonesia, Ethiopia

Boeing Company announced Wednesday that it has set aside $100 million to address family and community needs of those affected by two deadly air crashes in Indonesia and Ethiopia last October and this March. Boeing said the funds are an initial investment to be paid over multiple years to support …

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Africa can improve upon its exports by adding value

Africa can improve immensely upon its export returns, if it gets industrialised enough to add value to its raw products. “In my view, the products we get from cocoa for example, are still primary and not diversified enough.” Mr. Philip Cobbina, managing partner, Circadian Consulting Ltd, said this when he …

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Nigeria signing AfCFTA is significant for trade bloc

Yesterday, the Nigerian government tweeted that the country will sign the African Continental Free Trade Agreement. The decision is seen as key to the African Continental Free Trade Area (AfCFTA), considering Nigeria’s importance as the largest economy in Africa. Aurelien Mali, a vice president and sovereign analyst at Moody’s says: …

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Ethiopian authorities arrest 300 in connection with failed coup attempt

Security forces in Ethiopia have arrested around 300 people suspected of being involved a failed coup attempt on June 22, an Ethiopian official said on Sunday. Abere Adamu, Chief Police Commissioner in Ethiopia’s northern Amhara regional state, said around 300 people have been arrested suspected of being involved in the …

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African Free Trade Agreement could give impetus to domestic pharmaceutical production

With an African Continental Free Trade Agreement (AfCFTA), aimed at boosting economic and integration gains, stakeholders for Africa’s pharmaceutical area, have been asked to increase domestic production of pharmaceutical products. A press release copied to ghanabusinessnews.com, from the Economic Commission for Africa (ECA), says stakeholders agreed at a two-day Horn …

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