Find government COVID 19 information at https://sacoronavirus.co.za
Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
Africa
COVID-19
Other

Partnership signed to stimulate post-Covid recovery in Africa

31 Mar 2021 - by Staff reporter
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

The AfCFTA Secretariat and the UN Development Programme (UNDP) have signed a strategic partnership to promote trade as a stimulus for Africa’s socioeconomic recovery from the Covid-19 crisis, and as a driver of sustainable development - particularly for women and youth in Africa. This is in line with the Sustainable Development Goals (SDGs) and Agenda 2063 common vision for the continent.

“The AfCFTA is beyond a trade liberalising instrument. It is an enabler of inclusive growth and sustainable development,” said AfCFTA Secretary General Wamkele Mene, who made the journey to New York for the historic occasion.

“We must rebalance Africa’s role in global trade. As African countries implement Covid-19 recovery plans, this collaboration with UNDP will drive momentum to ensure that women and youth are the leading beneficiaries of the AfCFTA.”

The partnership will leverage UNDP’s presence in all African countries, working in close collaboration with other UN entities, and includes direct support to the AfCFTA Secretariat through a financial grant of US$3 million. This will enhance AfCFTA Secretariat advocacy among policy makers, business, civil society, academia, youth and other stakeholders.

Trade is recognised as a means of implementation for the SDGs and Agenda 2063. The new collaboration aims to address inequalities, promote value addition and create jobs. “As Africa trades more with itself, it will be essential to target critical hurdles faced in exporting within Africa such as SME export competitiveness, rules of origin, and technical and product safety standards,” said Ambassador Fatima Mohammed Kyari, permanent observer of the African Union to the United Nations.

Since its launch, the AfCFTA has been ratified by 36 countries, and already possesses 90% of tariff offers and 34 services offers, which enable sound business and investment decisions in intra-African trade.

 

 

Ever Given impounded as penalties dispute remains unresolved

Imports and Exports
Today 12:30
0 Comments

Gulf of Guinea remains world piracy hotspot

Africa
Today 12:15
0 Comments

Ghana ports get serious about automation

Africa
Today 12:00
0 Comments

Covid-19-themed cyberattacks surge

COVID-19
Today 11:15
0 Comments

NZ port employees stage a walkout over Covid fears

COVID-19
Today 11:15
0 Comments

Research debunks theory that bigger vessels reduce schedule reliability

Other
Today 10:15
0 Comments

DSVDirect puts power in customer’s hands

Logistics
Today 09:45
0 Comments

Officers arrested for truck hijackings

Africa
Today 09:30
0 Comments

New brick-manufacturing facility delivers first products

Africa
Yesterday
0 Comments

Financial uncertainty continues to obstruct East African oil pipeline

Africa
Yesterday
0 Comments

Survey launched to look into seafarers’ plight

Africa
Yesterday
0 Comments

Special Economic Zones continue to perform well

Africa
Yesterday
0 Comments

Emirates further extends SA ban

Africa
Yesterday
0 Comments

Suez blockage fallout heightens cargo theft concerns

Imports and Exports
Yesterday
0 Comments

N3 closed after serious accident near Heidelberg

Other
12 Apr 2021
0 Comments

BORDER BEAT: Truck driver shot at Beitbridge succumbs to head wound

Africa
12 Apr 2021
0 Comments

Citrus exporters face testing logistics challenges

Africa
12 Apr 2021
0 Comments

Express parcel delivery has a manpower problem

Logistics
12 Apr 2021
0 Comments

Roodepoort residents fill their own potholes

Imports and Exports
12 Apr 2021
0 Comments

Semiconductor shortages hold back supply chain recovery

Other
12 Apr 2021
0 Comments
  • More

FeatureClick to view

Agriculture April 2021

Border Beat

BORDER BEAT: Truck driver shot at Beitbridge succumbs to head wound
12 Apr 2021
BORDER BEAT: Yet more complaints of crime at Beitbridge
07 Apr 2021
Transporters not part of Botswana’s Covid-curbing measures for Easter
31 Mar 2021
More

Poll

Would you prefer to continue working from home post-Covid?

Featured Jobs

New

Airfreight Import Clearing Controller

Tiger Recruitment
East Rand
14 Apr
New

Estimator

Lee Botti & Associates
Johannesburg East
14 Apr
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us