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In a significant step towards enhancing trade within Africa, Ghana’s minister of trade and industry, Kobina Tahir Hammond, has announced that 700 products have received rules of origin certification under the African Continental Free Trade Area (AfCFTA). This certification allows these products to be traded more freely across African borders, fostering economic growth and integration.

Kenya is poised for a significant economic boost with the inauguration of Nexgen Packaging Kenya, a state-of-the-art factory located in the Export Processing Zone in Athi River, Nairobi. Scheduled for tomorrow, the opening ceremony will be presided over by Kenyan President William Ruto, signaling the country's commitment to fostering industrial growth and creating job opportunities.

Despite concerted efforts by the Central Bank of Nigeria (CBN) to revitalize the textile sector, the import of textile products into Nigeria has skyrocketed by a staggering 106.7 per cent over the span of four years. Data from the National Bureau of Statistics (NBS) reveal a significant surge in textile imports from N182.5 billion in 2020 to N377.1 billion in 2023. This trend persists despite various intervention programs aimed at boosting domestic production.

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