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2 clusters · 5 sources · 2 days · First seen · Last updated

AfCFTA trade and digital infrastructure development

Overview

The African Continental Free Trade Area (AfCFTA) is advancing initiatives to modernize trade through digitalization and infrastructure development.

Initial steps include a 20-year, $3.1 billion agreement with Nigerian firm Bergmans Security Consultants and Supplies to implement a continent-wide customs system across 50 member states. This project focuses on standardized cross-border procedures and real-time cargo tracking to boost intra-African trade.

Subsequent efforts have expanded to emphasize private sector participation and the development of African-owned digital trade infrastructure. Through a partnership with the ADI Foundation, the AfCFTA Secretariat aims to streamline commercial identification and document exchange. These digital improvements are projected to reduce cross-border payment settlement costs by as much as 90 per cent. Pilot projects targeting small and medium-sized enterprises are expected to launch along specific trade corridors toward the end of 2026.

Entities

United Nations Industrial Development Organization · Mandume Ya Ndemufayo University · African Development Bank · African Continental Free Trade Area · João Lourenço

Timeline

  1. 9 days ago

    [BUSINESS] 3 sources
    AfCFTA focuses on digital infrastructure and private sector growth

    The AfCFTA is focusing on digital trade infrastructure and private sector empowerment to reduce cross-border costs and streamline payments across the African single market.

  2. 10 days ago

    [BUSINESS] 2 sources
    AfCFTA and Angola announce major infrastructure and trade investments

    AfCFTA signed a $3.1 billion deal with Nigeria's Bergmans to digitalize continental customs, while Angola authorized €149 million for Mandume Ya Ndemufayo University infrastructure.

Sources

africaeaffari.it · africanleadershipmagazine.co.uk · agribusiness.asn.au · latestnigeriannews.com · thisdaylive.com