Continental Free Trade Area to Go Active in July

May 4 , 2019

The African Continental Free Trade Area, which aims to create a single continental market for goods and services, will officially enter into force in July. It is expected to start during the next Extra-Ordinary Heads of State and Government summit slated for July 7, 2019 in Niamey, Niger. Ethiopia is one of the signatories of the agreement with South Africa and Egypt; while Nigeria, which has Africa’s biggest economy, has not ratified the convention yet. The Agreement is expected to create a market for over one billion people with a GDP of approximately 2.6 trillion dollars. The African ministers of Trade are also scheduled to meet in Kampala, Uganda in the first week of June to review work on the supporting instruments ahead of the summit.



They say, "Where there is traffic, there is business." It reflects the colour of Addis Abeba roads and roundabouts. Around Bole, commonly known as the Ring Road, vendors serve tea and snacks underneath a bridge. Owing to these selling methods allow pedestrians and drivers to get the service they need while walking and driving. Despite that, such practice has become a frequent encounter in the heart of the city streets. The most common purpose of a ring road is to reduce traffic volumes in the ur...



Pedestrian walkways around Addis Abeba are growing smaller by the day, competing to gain a foothold in the public spaces. The city, which prides itself as Africa's political and diplomatic capital, becomes a showcase of contrast. Beauty and affluence wrestle destitution and poverty to claim space. Vendors have displayed their second-hand outfits, shoes and luggage for sale on a roundabout in front of the Ministry of Education, up at the Arat Kilo area...



Retired city buses were once converted to bakery outlets retailing bread supplied by ‘Sheger Bakery' during their twilight zone. The city administration had used Anbessa City buses as its retail shops before formal outlets replaced them. Sheger Bakery, touted as the largest bakery and flour factory with the potential of baking two million loaves of bread daily, was to cater for millions of people in Addis Abeba with a subsidized bread supply but failed to live up to expectations. The old city...