News
Another African country joins Nigeria in anti-free trade crusade
Another African nation has backed out of its plans to join the Africa Continental Free Trade Area (ACFTA).
Zimbabwe declined to sign the agreement because it is working to stabilise local industries which are struggling to produce enough quality goods to compete outside.
Industry and commerce ministry’s director of international trade, Beatrice Mutetwa said while addressing parliamentarians that more time, like 15 years, would be required out of the ACFTA because the country`s local industry is not producing enough to be able to compete with other countries.
Mutetwa said Zimbabwe was in a peculiar position and needed to work towards achieving an even landscape.
Member countries are requested to open up 90 percent of their markets but Zimbabwe had only offered up 85 percent as considerations are still being made on how the key sectors like tourism and mining will be protected.
Nigeria was the first country to take a stand against this, and President Muhammadu Buhari has been criticised for such stand.
-
Latest1 week agoIsrael marks 3 years since October 7 Hamas attack amid Gaza strikes, election debate
-
Energy1 week agoFuel Battle: Dangote, marketers and government clash over petrol imports
-
Latest2 days agoFull List: Meet the 2026 Nobel Prize winners across six categories
-
Football1 week agoNigeria’s World Cup exit under spotlight as FIFA’s DR Congo files emerge
-
Latest1 week agoUS Court set to rule on release of FBI, DEA records on Tinubu
-
Business1 week agoNigerian investors at a crossroads as fixed-income yields slide
-
Featured6 days ago103 Million Voters: What does INEC’s new register say about Nigeria’s population?
-
Latest1 week agoOyo APC crisis deepens as Oluyole reconciliation meeting ends in brawl