Africa free trade deal, a potential loud sounding nothing-Analysts
March 22, 2018, 5:07pm
Namibia, with other African heads of state have signed the first ever continental free trade deal this week at an AU Summit in Rwanda, but analysts are already frowning upon chances of it being successfully implemented.
Nigeria, one of the biggest African oil economies could not bring itself to sign the framework for the establishment of the African Continental Free Trade Area (ACFTA) as protests against it by labour unions flared up as they fear that it has a potential to harm their local economy.
President Muhammadu Buhari reportedly had to cancel his trip to the extra-ordinary summit “to allow more time for input from Nigerian stakeholders,” said Nigerian foreign ministry spokesperson, Elias-Fatile in a written statement.
Information coming from the trade ministry has it that minister Tjekero Tweya is representing Namibia and when approached by this publication for a comment on the latest development, the office of the permanent secretary said it would only issue a statement upon his return.