Zenith Bank partners AfCFTA for trade promotion in Africa, signs agreement to develop SMARTAfCFTA portal
Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the African Continental Free Trade Area (AfCFTA) Secretariat for the development of the SMARTAfCFTA Portal, for trade promotion within the African continent. The SMARTAfCFTA Portal, which has the capacity to provide information like trade indicators, market trends, custom tariffs, trade agreements, rules of origin, market access requirements of relevant jurisdictions, export potentials, export diversification indicators and contact details of business partners in target markets and other trade-related information about Africa, will help to unlock the vast opportunities for trade on the African continent.
Ecobank has called on Small and Medium Enterprises (SMEs) as well as large businesses in the country to onboard on its Single Market Trade Hub which was launched recently. The Ecobank Single Market Trade Hub is a cutting-edge digital platform that serves as an exchange and information repository designed to respond to the evolving trading needs of SMEs and corporates within Africa’s single market. The hub, which is now live, connects traders across Africa, within the 1.4 billion-people single-market framework of the African Continental Free Trade Area (AfCFTA).
Vice-President Yemi Osinbajo says African leaders must provide policy actions needed for a stable macroeconomic environment to actualise prospects of the African Continental Free Trade Area (AfCFTA).
Vice President Yemi Osinbajo says the opportunities presented by the African Continental Free Trade Area (AfCFTA) agreement necessitate more inclusive trade initiatives and expanded intra-regional trade.