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World Bank Group increases support for regional integration in sub-Saharan Africa

22 Jun 2018 - news
Titled “Supporting Africa’s Transformation ”, the World Bank ’s new Africa Regional Integration and Cooperation Assistance Strategy for the period FY18-FY23 will promote economic diversification and strengthening of regional value chains, build sub-regional energy and digital markets, help create...

African Development Bank launches first Electricity Regulatory Index for Africa

22 Jun 2018 - news
Stronger regulatory independence required, says new report Though the majority of African countries have developed relatively robust institutional frameworks for the regulation of their electricity sectors, much work remains in strengthening regulatory independence, says the Electricity Regulatory...

tralac’s Daily News Selection

21 Jun 2018 - news
Africa payments: Insights into African transaction flows (SWIFT) In 2013, SWIFT published the white paper “ Africa Payments: Insights into African Transaction Flows ”, which attempted to frame the cross-border banking context in the midst of regional initiatives, international regulatory pressures...

AU targets 30 countries to ratify AfCTA by December

21 Jun 2018 - news
December 20 is the target to have at least 30 African countries to have ratified the African Continental Free Trade Area (AfCTA), members of the Senate heard on Tuesday. Updating the Senators on where Rwanda stands since it ratified the agreement in April, the Minister of Trade and Industry;...

SWIFT data shows intra-Africa payments clearing and trade is increasing

21 Jun 2018 - news
Use of US dollar declining while West African franc and South African rand increasing SWIFT has published a new white paper mapping commercial payment flows against financial flows in Africa. The data reveals that intra-Africa payments and clearing is increasing in importance, and points to an...

African Union E-Commerce Conference to take place in Nairobi in July

21 Jun 2018 - news
Towards an African e-commerce strategy The African Union E-Commerce Conference will take place in Nairobi, Kenya from the 23-25 July 2018. The main objective of this Conference is to provide a platform to enhance understanding of the current state of e-commerce in Africa, the challenges and...

AfCFTA negotiations after Kigali – keeping an eye on the end game

20 Jun 2018 - blog
The African Continental Free Trade Area (AfCFTA) negotiations took an important step forward in early June, as the African Union (AU) Ministers of Trade adopted the legally scrubbed annexes to the AfCFTA Protocol on Trade in Goods and the Protocol on Rules and Procedures on the Settlement of...

tralac’s Daily News Selection

19 Jun 2018 - news
African trade and regional integration event listings: (i) Underway, in Nairobi: AU experts meeting on the Services Sector Development Programme . The UNECA’s Jamie Macleod: “Key outcomes of these meetings for ECA include identifying where and how best we can target resources to build capacities...

Is the AfCFTA a Legal Person? Does it matter?

19 Jun 2018 - blog
International organizations can be (and often are) subjects of international law. Whereas States possess the totality of international rights and duties recognized by international law (they enjoy “sovereignty”), the rights and duties of international organizations must be specified in their...