Entertaiment

Ramaphosa proposes single African currency: AU Summit

Ramaphosa proposes single African currency: AU Summit

The President was to sign the framework agreement for establishing the African Continental Free Trade Area during the Summit that would host leaders of African countries.

"As far as Nigeria is a net importing country of goods and services, we are not technologically advanced and we have a large population, Nigeria will be a dumping ground for goods and services", he said.

"We are afraid that the Rules of Origin cannot be adequately enforced because goods from the European Union can find their way into one of the African countries that have bilateral agreement with the EU".

"Companies from Europe, Asia and America will take advantage of this agreement to bring their production lines to neighbouring African countries with steady power supply and dump their products on Nigeria", Ekechukwu said.

President Cyril Ramaphosa is leading the South African delegation to an extraordinary summit of the African Union (AU) in Rwanda on Wednesday. "That is an area that is of great concern to us", Jacob said. The meeting is scheduled to consider the work agenda of the extraordinary session of the Heads of AU States and Government next Wednesday.

Chelsea into FA Cup semis
Chelsea goalkeeper Willy Caballero saved Iborra's follow-up, before Vardy finally scored at the fourth attempt. Who is the better coach, Mourinho or Conte? "Don't forget Manchester City were eliminated against Wigan".

Mr Kagame has described the AfCFTA as a "historic pact which has been almost 40 years in the making, and it represents a major advance for African integration and unity".

Currently, Africa has regional economic communities such as the Economic Community of West African States, the Southern African Development Community and the Common Market for Eastern and Southern Africa. The Free Trade Area has the potential to transform the fortunes of millions of Africans by boosting trading ties between Africa's nations.

The main objectives of the Agreement are to create a single continental market for goods and services and to enhance free movement of business persons and investments.

"AfCFTA will make Africa one of the largest economies in the world and enhance its capacity to interact on equal terms with other worldwide economic blocs", commented AU Commission chairperson Moussa Faki Mahamat.

The AfCFTA will progressively eliminate tariffs on intra-African trade, making it easier for African businesses to trade within the continent and cater to and benefit from the growing African market, said the AU. This, according to AU, will pave the way to accelerate the Continental Custom Union as well as the African Custom Union.


  • Morocco promise 'compact' tournament after presenting bid book

    Morocco promise 'compact' tournament after presenting bid book

    We studied it thoroughly for two years. "I was sceptical at first, but without trying you can not know what it's worth. This was decided at the Federation Internationale de Football Association council meeting in Bogota, Colombia.
    NCAA Tournament Butler vs. Arkansas

    NCAA Tournament Butler vs. Arkansas

    As a reward for their victory over the Razorbacks, Butler gets another showdown with the Purdue Boilermakers in the Round of 32. The Hogs will finish their season at 23-12 overall. "One thing about Butler, they've got tradition", Anderson said.
    No. 16 UMBC stuns No. 1 Virginia in NCAA upset

    No. 16 UMBC stuns No. 1 Virginia in NCAA upset

    But UMBC came out firing to start the second half, building a 16-point lead and they never looked back. Instead, an under-seeded Michigan State team took down the Cavaliers in the Sweet 16 in New York City.
  • Children with Down's Syndrome take part in special Carpool Karaoke

    Children with Down's Syndrome take part in special Carpool Karaoke

    Rebecca Carless, who appears in the video with her 4-year-old son Archie, described the reaction it had received as "mad". Even the singer of " A thousand years ", Perri retweeted the video, calling it the "best tribute".
    Mall Staple Claire's Files For Chapter 11 Bankruptcy

    Mall Staple Claire's Files For Chapter 11 Bankruptcy

    Marshall's statement stressed that the company is doing well operationally, with the adjusted EBITDA up for fiscal year 2017. Claire's has been hit hard by declining traffic to malls since most of its 7,500 stores are located in shopping malls .
    United Airlines flight diverted after dog 'mistakenly' placed on the plane

    United Airlines flight diverted after dog 'mistakenly' placed on the plane

    United Airlines is making headlines for the third time this week after another pet mishap. Louis made an unexpected stop in OH on Thursday night to take a dog off the wrong plane.
  • Washington Aims At Venezuela's Cryptocurrency In New Round Of Sanctions

    Washington Aims At Venezuela's Cryptocurrency In New Round Of Sanctions

    The sanctions came a few months after Canada imposed sanctions against several Venezuelan officials, including the president. In January, the US Treasury warned investors to avoid trading with Venezuela's cryptocurrency.
    Trump slams Federal Bureau of Investigation  as Republicans warn to leave Mueller alone

    Trump slams Federal Bureau of Investigation as Republicans warn to leave Mueller alone

    Sen Dick Durbin called for the passage of bipartisan bills created to protect Mr Mueller that have stalled in Congress. Sessions, Attorney General Sessions, comes forward with whatever documentation he has about the firing, and give Mr.
    Trudeau Calls Chemical Attack on Former Russian Spy in the UK 'Despicable'

    Trudeau Calls Chemical Attack on Former Russian Spy in the UK 'Despicable'

    North Atlantic Treaty Organisation officials have suggested that the nerve agent attack probably does not rise to that level. Meanwhile, U.K. police have also opened a murder investigation in the death of another Russian exile living in Britain .
  • Days before he died, Hawking submitted paper on parallel universe

    Days before he died, Hawking submitted paper on parallel universe

    It also proposes that our universe will end when all our stars burn out, as we are now sustained from the Bang's original spark. The theory also suggested many other universes due to various other Big Bangs that have created those universes.
    Wendy Williams cries on TV return

    Wendy Williams cries on TV return

    I was just feeling like 'All right, well I'm 53 and this is I guess how it's supposed to be, ' " she added. On February 21, Williams announced that she would be taking time off to address medical issues.
    'Black Panther' tops box office with $27 million

    'Black Panther' tops box office with $27 million

    People love the original PACIFIC RIM , and the sequel promises more of what people love; giant monsters fighting giant robots. Despite taking second place on Friday, " Black Panther " ended up winning the overall United States weekend box office race.