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Tripartite Free Trade Area plods along slowly in Africa
Trade between African nations has long been outstripped by intra-regional trade in other parts of the world – for Africa as a whole, intra-regional trade is between 10% and 13% of total trade. This is far lower than in regions such as the EU, where about 60% of trade is between member states, and the Association of South-east Asian Nations, which has a rate of about 25%. Intra-regional trade in North America is put at about 40%.
However, the ratification of the Tripartite Free Trade Sector(TFTA) – potentially later in 2017 – could help change that and push the development of additional intra-regional trade increase. A pan-regional free-trade zone, the TFTA stretches from Cairo to Cape Town and encompasses 26 African nations.
Africa’s Tripartite Free Trade Area would reduce regional tariffs and create a pan-African single market, to aid development and cash in on a growing middle class in the continent. But with member countries often belonging to multiple economic areas, progress is both complex and slow, as Kit Gillet reports.
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Global economic gravity rapidly pulling towards Africa
The second International Conference on the Emergence of Africa (ICEA) was held in Abidjan, Côte d’Ivoire, in March 2017.
Since the initial conference in 2015 — at a time of robust economic increase on the continent — hopes for economic evolution have dimmed because of a crash in the price of commodities, volatile world financial markets and a slowdown in world increase. Before departing New York to attend the second ICEA conference, jointly organised by the World Bank, the African Development Bank and the United Nations Development Programme (UNDP), Assistant Secretary-General of the UN and chief of UNDP’s Regional Bureau for Africa Abdoulaye Mar Dieye sat down for an interview with Africa Renewal’s Kingsley Ighobor to talk about Africa’s economic development opportunities and challenges.
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How to boost private sector investment in Africa’s electricity infrastructure
A new World Bank statement has called for increased private sector investment in Africa’s under-developed electricity transmission infrastructure, a vital ingredient for reaching Africa’s energy goals.
The statement which was made available to the Ghana News Agency on Thursday by the World Bank indicated that Africa lags behind the rest of the world at the same time as it comes to electricity, with just 35 % of the people with access to power and a generation capacity of only 100 GW.
According to the statement those who do have power typically consume relatively little, face frequent outages and pay high prices.
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- Key Facts
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Country Algeria
Wilaya Algiers
Re-founded AD 944
Government
• Wali (Governor) M. Mohamed Kebir Addou
Area
• City 1,190 km2 (460 sq mi)
• Metro 363 km2 (140 sq mi)
Highest elevation 424 m (1,391 ft)
Lowest elevation 2 m (7 ft)
Population (2011)
• City 3,415,811
• Density 2,900/km2 (7,400/sq mi)
• Metro 5,000,000
• Metro density 14,000/km2 (36,000/sq mi)
Time zone CET (UTC+1)
Postal codes 16000–16132
Area code(s) (+213) 021
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Climate change laws around the world
2017/05/14There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.
The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.
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Oil prices pile pressure on Algeria
2015/02/14Recent years have seen a relatively strong economic performance from Algeria, although the IMF has noted that falling oil prices may weigh down near-term performance, highlighting the continued dominance of the hydrocarbon sector on growth.
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Florian Westphal is the chief of the German section of Doctors Without Borders
2015/08/07The 28-country European Union has told member states that expressing regret over the new migrant tragedy was no substitute for action. Some 200 migrants were feared drowned at the same time as their vessel sank off the Libyan coast.
One NGO helping to save shipwrecked migrants in the Mediterranean Sea is the medical charity Doctors Without Borders. DW has been talking to the chief of their German section, Florian Westphal.
- Algiers News
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- BOTSWANA: Tripartite Free Trade Area plods along slowly in Africa
- BOTSWANA: Global economic gravity rapidly pulling towards Africa
- BOTSWANA: How to boost private sector investment in Africa’s electricity infrastructure
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- BOTSWANA: Take responsibility for transforming your countries – Akufo-Addo
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