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    BREAKING NEWS
    African Development Bank’s 2023 African Economic Outlook Projects Africa to Become the Second-Fastest Growing Region After Asia
    AfDB President Dr. Akinwunmi Adesina has underscored the significance of Africa Restraining its Reserves and Manufacturing Lithium Batteries for Electric Vehicles to be part of the Global Electric Vehicle Revolution
    Ambassador Albert Muchanga African Union Commissioner for Trade And Industry – exhorted African Administrations to Marshal Mobile Domestic Finance by ways to carry out AU’s Agenda 2063
    African Nations Exhorted to take on Modern Sustainable City Planning to enable Stave Off Prospective Emergencies
    South Africa’s Informal Economy Shows Signs of Movement to Switch toward Cashless Economy, Study
    $11.70 million Expended by the Africa Development Bank to Facilitate Access to Fertilizers for African Agricultural Producers
    TRANSCO – CLSG wields Impressive Coordination Meetings for the Development of the Gambia River
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    …Curtail the usage of Charcoal and save the Environment Immense Liquefied Gas Depot opened in Tanga City of Tanzania
    $3.5 Billion in reimbursements to White Agriculturalist by the African Development Bank as Financial Instruments to “Fast Track and Front Load” to White Agriculturalist land…was taken from them by the Zimbabwe Administration President of AfDB disclosed

    Afrochampions Suggests Virtual Summit Among African Trade Ministers over AfCTA Implementation

    Posted On 01 May 2020
    By : New Africa Business News, Staff Correspondent
    Comment: 0

    By Richard Adorsu-

    Photo Credit: AfCFTA

    NEW AFRICA BUSINESS NEWS (NABN) Accra, Ghana- Policy and advocacy think tank, AfroChampions, is urging African Trade Ministers to convene a virtual summit under the aegis of the African Union to keep on track the operation of the African Continental Free Trade Area (AfCFTA) amidst the Coronavirus pandemic.

    According to the policy group, this high-level meeting would be an opportunity to discuss practical measures to pursue African economic integration despite the COVID-19 pandemic to take advantage of the existing AfCFTA provisions to respond to the health emergency, and to also consider a broader strengthening of capacities and infrastructure to help Africa recover from the crisis over the long-term.

    The AfroChampions Initiative, in an official appeal, proposed the summit to also include economic decision-makers, heads of African multinationals and business associations as well as representatives of the continent’s major financial institutions.

    It also stated, the agenda should be concise and action-oriented to address operational measures, the removal of tariff and non-tariff barriers for the free movement of goods, medical supplies, and commodities required to limit the spread of the coronavirus as well as its effects in the communities.

    It is also proposing overall strategic measures continuation of the existing negotiations on key AfCFTA aspects operationalization of the Secretariat, prioritization of some initial implementation of protocols, starting July 2020, it will help Africa recover quicker from the economic disruptions of COVID-19.

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    Paulo Gomes, Vice President of the AfroChampions Initiative and former Executive Director at the World Bank, stated that, “Some observers believe that the AfCFTA is meant to fail because the required infrastructure is not yet in place. COVID-19 is a reason to accelerate AfCFTA; not slow it down as is now the case.

    Confronted with emergency, forces us to move forward. In the current crisis, we can implement great measures in the health sector to support local production of equipment’s, boost orders of ‘made in Africa’ in the pharmaceuticals sector and expand research on needed medicines.

    It could also translate to transportation and logistics costs reduction, and facilitate timely deliveries, region to region in the Continent. All these, the AfCFTA can provide concrete answers. With this test in the health sector, it will also help us learn useful lessons from other sectors and help our companies strive.”

    We are hopeful, the proposed virtual summit of Trade Ministers be confirm soon, the AfroChampions Initiative and its research department have developed the first set of proposals for discussion on how the AfCFTA adjust to the COVID-19 disruptions and set on track. Several business leaders from the AfroChampions network and regional business associations have also been approached to contribute to this agenda.

     

     

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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.

     

    Africa President of the year 2020
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    For New Africa Business News Richard Adorsu Reports,  Africa Correspondent

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    Current Outbreak of Coronavirus (COVID-19) Disease- Coronavirus advisory information, World Health Organization & United States, Centers for Disease Control and Prevention

    Coronaviruses (CoV) are a large family of viruses that cause illness ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome (MERS-CoV) and Severe Acute Respiratory Syndrome (SARS-CoV). A novel coronavirus (nCoV) is a new strain that has not been previously identified in humans.

    Coronaviruses are zoonotic, meaning they are transmitted between animals and people.  Detailed investigations found that SARS-CoV was transmitted from civet cats to humans and MERS-CoV from dromedary camels to humans. Several known coronaviruses are circulating in animals that have not yet infected humans.

    Common signs of infection include respiratory symptoms, fever, cough, shortness of breath and breathing difficulties. In more severe cases, infection can cause pneumonia, severe acute respiratory syndrome, kidney failure and even death.

    Standard recommendations to prevent infection spread include regular hand washing, covering mouth and nose when coughing and sneezing, thoroughly cooking meat and eggs. Avoid close contact with anyone showing symptoms of respiratory illness such as coughing and sneezing. Source- WHO

    Websitewho.int/emergencies
    Coronavirus Q&A, World Health Organization
    Websitewho.int/news-room
    Coronavirus condition overview, World Health Organization
    Websitewho.int/health-topics
    United States, Centers for Disease Control and Prevention
    cdc.gov/coronavirus/2019-ncov 

    About the Author
    New Africa Business News Staff Correspondent
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