05 Apr

Africa Signs Free-Trade Deal to Replace Existing Agreements

African leaders signed accords setting up a continental free-trade area that’s expected to boost commerce within the 55-member African Union and eventually supplant a patchwork of existing agreements.

More than 40 nations signed the African Continental Free Trade Area agreement, or AfCFTA, which commits governments to removing tariffs on 90 percent of goods and phasing in the rest in future. The agreements will still require ratification by the individual governments and will only come into force when ratified by at least 22 countries.

“The promise of free trade and free movement is prosperity for all Africans, because we are prioritizing the production of value-added goods and services that are Made in Africa,” Rwandan President Paul Kagame said before the leaders began signing the agreements. “The advantages we gain by creating one African market will also benefit our trading partners around the world.”

Intra-Africa trade stands at about 16 percent of the continent’s total, compared with 19 percent in Latin America and 51 percent in Asia, according to the AU. The agreement could increase this by half for Africa, the United Nations Economic Commission for Africa estimates.

Read more at Bloomberg.com

16 Jan

Africa: MLK Day Marked by Trump Criticism, Pledges to Fight Racism

Atlanta – Martin Luther King Jr.’s children and the pastor of an Atlanta church where he preached decried disparaging remarks President Donald Trump is said to have made about African countries, while protests between Haitian immigrants and Trump supporters broke out near the president’s Florida resort Monday, the official federal holiday honoring King.

At gatherings across the nation, activists, residents and teachers honored the late civil rights leader on what would have been his 89th birthday and ahead of the 50th anniversary of his assassination in Memphis, Tennessee.

In Oklahoma, the Cherokee Nation marked Martin Luther King Jr. Day with events aimed at coming to terms with its own history of slavery and by welcoming descendants of former slaves into the tribe.

Trump marked his first King holiday as president buffeted by claims that during a meeting with senators on immigration last week, he used a vulgarity to describe African countries and questioned the need to allow more Haitians into the U.S.

He also is said to have asked why the country couldn’t have more immigrants from nations like Norway. In Washington, King’s eldest son, Martin Luther King III, criticized Trump, saying, “When a president insists that our nation needs more citizens from white states like Norway, I don’t even think we need to spend any time even talking about what it says and what it is.” He added, “We got to find a way to work on this man’s heart.”

In Atlanta, King’s daughter, the Rev. Bernice King, told hundreds of people who packed the pews of the Ebenezer Baptist Church that they “cannot allow the nations of the world to embrace the words that come from our president as a reflection of the true spirit of America.”

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