The world is off track on path to end extreme poverty by 2030

The IMF and the World Bank are sounding a warning that global authorities are falling off course in their endeavors to eradicate extreme poverty by 2030. Growing income disparity between rich and poor nations is effectively undermining hopes of eliminating extreme poverty on a global scale. In response, policymakers are calling for a multilateral strategy […]

AfCFTA on track to lift 100 million Africans out of poverty by 2035

Summary The AfCFTA is a flagship project of the African Union (AU) Agenda 2063, Africa’s long-term development strategy for transforming the continent into a global powerhouse of the future. The African Continental Free Trade Area is the world’s largest free trade area, and the largest trade organisation since the establishment of the World Trade Organisation, […]

How AfCFTA will curb poverty in Africa – Oyewole

The African Continental Free Trade Area agreement officially began on January 1, 2021. What have you observed? The AfCFTA is outlined in the African Continental Free Trade Agreement, with trade commencing on January 1, 2021. AfCFTA is the largest in the world in terms of participating countries since the formation of the World Trade Organisation. […]

African Free Trade Area Expected to Lift Millions out of Extreme Poverty and Boost Growth

BULAWAYO, Zimbabwe (IDN) — The long-awaited African Continental Free Trade Area (AfCFTA)—set to be the world’s biggest free trade zone by size—which entered into force on January 1, 2021, promises a new era for African trade. An Africa-wide free-trade pact could bolster the region’s income by $450 billion and lift 30 million people out of […]

Sustainable trade is the best solution to African poverty

We’re delighted to hear that it’s now possible to buy incredible African products while supporting sustainable job creation in countries like Madagascar, Ethiopia, Uganda and Kenya. Proudly Made in Africa (PMIA) is an Irish charity promoting Africa’s world-class products globally. They strive to promote “trade not aid” messaging in everything they do and emphasise that creating […]

Trade for poverty alleviation: Women and small traders

Now, more than ever, we must keep our promise to help Africa trade out of poverty

African countries are facing a dual crisis – the impact of COVID-19 on their populations and the global economic slow-down which threatens to undo the hard-fought gains of the last 25 years Nestled in the undulating hills of central Ghana is a Fair Trade cooperative cocoa farm that produces chocolate for export to the world, […]

TMA Poverty and Gender Impact Study Final

Roaring Cross-Border trade lifts thousands of women out of poverty in Rwanda

In Rwanda from the capital city of Kigali to the borders with Democratic Republic of Congo or Uganda, cooperatives are building socially and economically resilient communities. TMA has interest in supporting women economic empowerment and this is being shown by its recent financial commitment to increase funding to women programmes. As well as its partnership [...]

AfCFTA success to be measured by how it changes lives, reduces poverty – Report

The success of the African Continental Free Trade Area (AfCFTA) will be measured largely by its ability to change lives, reduce poverty and contribute to economic development in Africa. This is according to the ninth edition of the flagship Assessing Regional Integration in Africa report (ARIA IX) launched during the African Business Forum. Expounding on […]