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    Ecobank to Explore Opportunities Inherent in African Continental Free Trade Area (AfCFTA) Managing Director of Ecobank Nigeria divulges

    Posted On 04 Nov 2020
    By : New Africa Business News, Staff Correspondent
    Comments: 8

    By Abdul Rahman Bangura–

    ( Photo Credit: Twitter )

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Patrick Akinwuntah – Managing Director, Ecobank Nigeria, retains that, Ecobank is willing to partner with extra organizations to seek the chances accessible in the African Continental Free Trade Area (AfCFTA).

    In his statement at a circumstance in Lagos, brought up that, the Pan African bank was set up mostly for the economic integration and development of Africa, emphasizing that, the bank was inclined to deploy its capacity, platform and network to accomplish the AfCFTA purposes.

    Akinwuntah noted: “Naturally for us as a Pan African bank, we are set up to support the economic integration and development of Africa. We have a commitment, capacity, network to support the realization of AfCFTA objectives. We understand the regulatory environments, cultures, and have the technology and innovation platforms. We will support Fintech to push Africa to benefit from the global market.”

    AfCFTA, Mene Wamkele asserted gratification that, Nigeria is keen to place the means of ratification of the AfCFTA, remarking that, he is glaring ahead to Nigeria’s leadership in AfCFTA. He discerned that for a long time, the African continent has directed on security and political issues, noting that focus is now being changed positions towards trade and investment-related matters.

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    “Whatever decision we take, the secretariat would be informed by what Africa wants. We will not put up any design that will not support what Africa wants. We would employ digitization, and fintech will drive financial inclusion. We would drive trade inclusion through fintech that would be affordable and accessible,” strengthening that “Border closure and xenophobic issues have to be addressed according to the statutes of the trade agreement, foreigners have to be safeguarded by the agreement. All foreign matters must be td like domestic players. Intolerance of any kind should will be tolerated.”.

     

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    AFRICAN CONTINENTAL FREE TRADE AREA (AfCFTA)
    Accelerating Intra-African Trade and Boosting Africa’s Trading Position in the Global Market by Strengthening Africa’s Common Voice and Policy Space in Global Trade Negotiations. For More Information Contact: African Union Headquarters, P.O. Box 3243, Roosvelt Street W21K19, Addis Ababa  Ethiopia,  Tel: +251 11 551 77 00  Fax: +251 11 551 78 44.

     

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    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

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    8 Comments

    1. Sam November 5, 2020 at 12:01 am Reply

      Many thanks for the reports. ECO is a great bank . Good for them. Lagos Nigeria. Sam

      • New Africa Business News, Staff Correspondent November 5, 2020 at 12:02 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Suzana November 5, 2020 at 12:06 am Reply

      African Continental Free Trade is going to be a game change. Mbeya Tanzania. Suzana

      • New Africa Business News, Staff Correspondent November 5, 2020 at 12:07 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Kenda November 5, 2020 at 12:12 am Reply

      Most of our banks, can operate freely in the continent. Free trade for our businesses and the people. Kendal in Cape town, South Africa.

      • New Africa Business News, Staff Correspondent November 5, 2020 at 12:12 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Lindi November 5, 2020 at 12:15 am Reply

      Thank you for the newsletters. Good job. Maun Botswana. Lindi

      • New Africa Business News, Staff Correspondent November 5, 2020 at 12:17 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

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