Two major African public bodies are promoting a new technology that could connect the continent’s Covid-19 testing centers and ease a reopening of travel across the region.
ADDIS ABABA, ETHIOPIA, 21 AUGUST 2020 H.E. Amira Elfadil Mohammed, Commissioner for Social Affairs, African Union Commission; H.E. Dr Amani Abou-Zeid, Commissioner for Infrastructure and Energy; and Dr John Nkengasong
ADDIS ABABA, ETHIOPIA, 21 AUGUST 2020 H.E. Amira Elfadil Mohammed, Commissioner for Social Affairs, African Union Commission.
A spike in Covid-19 infections as Africa reopens its borders poses a major threat to AfCFTA trading. At this crucial moment it is essential for member states to act in coordination and employ the smart solutions developed by the African Union and its private sector partners, says Olusegun Obasanjo in an opinion editorial released in New African.
Working with the African Union, AfroChampions conceived the Boma of Africa to highlight and showcase the power of fusing ideas, the creative imagination and technology innovation into a political agenda of African renaissance.Read More
This benchmark focuses on the commitments made by African states to best prepare for the effective implementation of the AfCFTA.
In this interview, Samba Bathily calls African companies to consider the AfCFTA as a major opportunity.
A number of key decision-makers from the private sector are amongst the signatories.
In an official appeal made public today, the AfroChampions Initiative calls for convening a virtual summit of African Trade ministers under the aegis of the African Union to keep on track the implementation of the African Continental Free Trade Area (AfCFTA), which is expected to start in July.Read More
The African Union set up the AU Centre for Disease Control COVID-19 Response Task Force in a bid to involve the private sector in its effort to tackle the COVID-19 outbreak. Chair of the Private Sector Resource Mobilization Task Force, Edem Adzogenu joins CNBC Africa’s Kenneth Igbomor to explore their strategy going forward…
Ahead of an expected surge in cases of COVID-19 in Africa, the African Union and the Africa Centres for Disease Control and Prevention (Africa CDC) have launched a public-private partnership with the AfroChampions Initiative, known as the Africa COVID-19 Response Fund.Read More
Traditionnellement, les multinationales sont des entreprises américaines ou européennes qui ont développé une présence dans le monde entier et principalement en Afrique. L'initiative "Afro Champions" vise à inverser cette tendance en mettant en avant les entreprises africaines qui se développent en premier lieu sur le continent et dans le monde.Read More
The African Union urges heads of state to work with the continent's major fortunes to create economic champions. At the last African Union (AU) summit in Addis Ababa, the AfroChampions Initiative, a project to mobilize investment funds to enable the emergence of African economic champions, received official encouragement from Nigerien President Mahamadou Issoufou, who is in charge of promoting the African Continental African Free Trade Area (AfCFTA).
On the occasion of the 33rd Summit of the African Union, African Heads of State officially adopted a decision “requesting the AfroChampions Initiative work with African Ministers, especially those responsible for Trade, Finance, Industry and Development Planning in the implementation of the Trillion Dollar Framework”.Read More
The theme for the event is “The AfCFTA and Business without Borders - The Game Changer”. With the AfCFTA being the world’s largest free trade area, businesses in Africa are set to witness the beginning of game changing opportunities from mid-2020. This year over 200 business executives, policy /decision makers from across Africa and the world including Ghana, Nigeria, Zambia, Uganda, Zimbabwe, Sierra Leone, the UK, China and the United States and representatives of key international organization are expected to be in attendance.Read More
To develop the right toolkits that adequately serve the needs of the Business Associations and, in consequence, empowers them to take maximum advantage of the opportunities that AfCFTA offers while minimizing the adverse impacts when trading starts next year, this Workshop is organized to conduct a needs assessment from the viewpoint of the Business Associations.
In partnership with the African Union, the AfroChampions Initiative officially presented a draft Trillion Investment Framework to fully operationalize the African Continental Free Trade Area through private sector-driven investments across various sectors on the continent by the year 2030.Read More
On the occasion of a high-level meeting convened in partnership with His Excellency Dr. Mahamudu Bawumia, Vice-President of the Republic of Ghana, and bringing together investors, financing institutions and sovereign and private funds, the AfroChampions Initiative has formally launched a private sector investment framework to secure financing for the African Continental Free Trade Area (AfCFTA).Read More
The cost of an unsuccessful AfCFTA is basically the “cost of lack of infrastructure”: the issue is not about addressing intermittent energy gaps with expensive power generators, but about losing African competitive edge in fintech if connectivity is not available quickly over all the continent.Read More
A high-level meeting bringing together 150 public and private decision-makers and African experts gathered under Chatham House Rules under the aegis of the AfroChampions Initiative and the High Representative of the African Union for Infrastructure Development, His Excellency Mr. Raila Odinga, with the objective of discussing concrete ways to advance the deployment of critical infrastructure in Africa, which conditions the success of the AfCFTA.
The Pan-African Fashion Initiative (PAFI) was officially launched today in Addis-Ababa, on the sidelines of the African Union’s Heads of State Summit, under the aegis of the African Union, and with the collaboration of the AfroChampions Initiative.Read More
TradeMark East Africa (TMEA) and the AfroChampions Initiative (ACI) have signed a partnership agreement committing to provide support to governments and the private sector in realizing the Africa Continental Free Trade Area. Both organizations have a common interest in building partnerships that promote economic integration as a strategic growth driver for the African continent.Read More
Special side Event - Africa’s expected emergence as a global powerhouse will, among other things, require the continent to create its own global giants – the ‘African Samsung’, the ‘African Toyota’, ‘the African Nestle’. Yet, despite a decade of “Africa rising” and the advent of fast-growing big African corporations, there is still barely any African company in the Fortune Global 500. The good news is that this situation is changing fast – thanks to the emergence of an extraordinary group of African companies that are increasingly taking the world stage and expanding their operational and investment footprints in global markets.Read More
Exhibitor registrations for the inaugural Intra-African Trade Fair (IATF 2018) taking place in Cairo in December has reached 1,054, surpassing the target of 1,000 exhibitors set by the organisers, the African-Export Import Bank (Afreximbank) announced today in Cairo. The Africa Trade Policy Centre; AfroChampions Initiative; International Trade Centre; and Pan-African Chamber of Commerce and Industry are partnering in the trade fair.
Special concluding session: Engineering Unity As Africa has reached a strategic milestone with the signature of the African continental free trade area, issues concerning the relation between regional economic communities and the new free trade area need to be addressed to engineer unity across the continent, starting with legal consistency across the various blocks and hopefully economic integration.
On the occasion of the One Planet Summit, H.E.M. Olusegun Obasanjo, Former President of the Republic of Nigeria and Patron to the AfroChampions Initiative, announced the creation of an international coalition of public and private stakeholders to fast-track sub-national sustainable infrastructure on the African Continent.Read More
A special report focusing on African economic integration from the point of view of economic actors and companies, in the prestigious magazine African Business.
The African Continental Free Trade Area (CFTA) hopes to m odernize a trading landscape that remains hampered by high tariffs, outdated (or non-existent) infrastructure and regional fragmentation. If it is successful, it will become the largest free trade zone in the world and could play a leading role in lifting millions out of poverty.Read More
Following an exceptional summit under the aegis of Ghana's Vice President H.E. Dr. Mahamudu Bawumia and the AfroChampions Initiative, key African sovereign wealth funds have announced the upcoming creation of an alliance to better support Africa’s development. The objective is to facilitate strategic exchanges between funds, enable them to better share information on their activities and pool their resources for major projects, notably infrastructures.
The delegations of the AfroChampions Initiative and the African Union have chosen Dakar for the third stop of their roadshow to raise awareness on the African Continental Free Trade Area (AfCFTA). In partnership with Sy Investments and ADS group, both members of the AfroChampions Club, ameeting was organized with several local business federations and agencies, including the National Confederation of Senegalese Employers (CNES), the ASEPEX (Senegalese Agency to Promote Exports), the UNACOIS (Senegalese Industry and Trade Federation), the COSEC (National Council of Chargers of Senegal) and CNP (Senegalese Employers Union).
The AfroChampions Initiative and African Union Commission delegations have chosen Abidjan for the second stop of their West African roadshow to raise awareness on the African Continental Free Trade Area (AfCFTA). Organized in collaboration with the Côte d'Ivoire Chamber of Commerce and Industry, the meeting brought together Ivorian economic operators, particularly from the sectors of agriculture, logistics and transport, as well as representatives from the subsidiaries of major international groups established in Côte d'Ivoire.Read More
The AfroChampions Initiative and the African Union have started their first roadshow to raise local entrepreneurs’ awareness on the African Continental Free Trade Area (AfCFTA) with a meeting in Accra, organized in partnership with the Association of Ghana Industries. Attendees included mostly Ghanaian entrepreneurs, operating in the manufacturing sector which should be boosted by the free movement of goods, services and people expected to result from the implementation of the AfCFTA Agreement.
On the occasion of the AfCFTA Business Forum, the African Union and the AfroChampions Initiative have just released their roadmap for the promotion of the African Continental Free Trade Area. The AfroChampions Initiative thus becomes an official platform of exchange between the African private sector and the leaders of the African Union, and in particular its department in charge of Trade and Industry.Read More
The African Union has announced a strategic partnership with the AfroChampions Initiative to promote the African Continental Free Trade Area (AfCFTA). This partnership will give the African Union the opportunity to sensitize African entrepreneurs on the expected benefits of the AfCFTA while enabling them to leverage the AfroChampions platform to bring forward proposals and ideas to inform the implementation of the AfCFTA.
The AfroChampions Initiative and its partner Konfidants, the strategy consultancy firm, have released the African Globalizers 2017 report, the first ever study of African multinationals’ expansion outside their home continent. In addition to a ranking of African companies qualifying as potential "global giants", this research piece further explores the conditions favoring their emergence, the markets in which they develop their activities, while analyzing the African sectors best represented in global trade.
The AfroChampions Initiative, an innovative project designed to promote African private sector champions, has been officially launched in Bamako, Mali, at an inaugural dinner sponsored by the Organizing Committee of the Africa-France Summit for Partnership, Peace and Emergence, advisory firm Konfidants and ADS group. Partners of the initiative have honoured on that occasion Founder of Ecobank and Asky Airlines Gervais Koffi Djondo. Mr. Djondo received a special lifetime award for his remarkable contribution to economic exchanges within the continent.