The African Continental Free Trade Area (AfCFTA), which brings together all the African countries with a combined gross domestic product of $3 trillion, had initially been scheduled to be launched on July 1. The implementation was postponed for six months due to the Covid-19 global pandemic that led to lockdowns and restricted movement.
Browsing: Burundi
Allianz SE chief economist Ludovic Subran forecasted economic growth in Kenya, Tanzania, Uganda and Rwanda to significantly rebound after a tough year due to the devastating effects of Covid-19.
The region has been implementing an exemption and remission scheme since the East African Community Customs Union was established in 2005.
No fewer than 100 women and girls have been rescued by the police in Burundi from human traffickers, a statement said on Tuesday. Moise Nkurunziza, Burundi’s…
The Burundian Government said it has received with joy the decision taken by the United Nation Security Council of withdrawing Burundi from its political agenda. Burndi…
The virtual meeting of the EAC Sectoral Council of the Ministers of Trade, Industry, Finance and Investment (SCTIFI) will also discuss other regional matters such as EAC policies on trade, non-tariff barriers, customs, budgets, standards and quality, industrialisation and the tripartite agenda.
The latest data by the United Nations Economic Commission for Africa (UNECA) shows that on average over 10 percent of export revenues and primary income in the region is spent on debt repayments.
The International Debt Statistics 2021 report by the World Bank shows that between 2009 and 2019, countries in the region increased external borrowing by nearly four times, from $19.9 billion to $73.8 billion.
Senegal’s Teranga Lions completed their perfect start for the Cameroon 2021 Total Africa Cup of Nations Group I campaign, winning their third game in as many…
Part of the Statement reads “Travelers entering or leaving the Burundian territory must provide proof of testing negative for Covid-19.”