The Financial Fee for Africa (ECA) and the AfCFTA Secretariat have signed a memorandum of understanding (MoU) to reinforce cooperation in supporting the efficient implementation of the African Continental Free Commerce Space (AfCFTA). The signing ceremony befell through the Africa Enterprise Discussion board (ABF 2025) in Ethiopia.
This landmark settlement units the stage for nearer collaboration between each establishments to advance commerce integration, industrialisation and personal sector growth throughout Africa.
The MoU establishes a framework for ECA and the AfCFTA Secretariat to work collectively in key areas, together with supporting the elimination of tariff and non-tariff boundaries to commerce, selling industrialisation and deeper financial linkages throughout African economies, strengthening institutional and technical capacities to implement AfCFTA insurance policies, enhancing commerce logistics and cross-border effectivity and inspiring enterprise engagement in intra-African commerce.
Via this partnership, each establishments decide to joint analysis, coverage growth, and technical help to make sure that AfCFTA implementation is inclusive, efficient and useful for all African international locations.
Talking on the signing, ECA Government Secretary, Claver Gatete, emphasised the significance of collaboration, stating that AfCFTA’s success relies on sturdy institutional partnerships. Equally, AfCFTA Secretary-Normal, Wamkele Mene, highlighted the importance of the settlement, saying the partnership will allow them to speed up AfCFTA’s operationalisation, by leveraging ECA’s experience in commerce coverage, financial modelling and capability constructing.
The partnership will concentrate on creating concrete commerce facilitation applications, coverage reforms and capacity-building initiatives to make sure clean implementation of AfCFTA.
