Bantu Gazette
  • TV
  • Magazine
No Result
View All Result
Bantu Gazette
  • TV
  • Magazine
No Result
View All Result
Bantu Gazette
No Result
View All Result

ECA Launches Innovative Data Tool to Drive Intra-African Trade, Boost AfCFTA Integration

Bantu Gazetteby Bantu Gazette
December 5, 2024
Reading Time: 2 mins read

ECA Launches Innovative Data Tool to Drive Intra-African Trade, Boost AfCFTA Integration

Bantu Gazetteby Bantu Gazette
December 5, 2024
Reading Time: 2 mins read

ADDIS ABABA, Ethiopia (ECA) — The Economic Commission for Africa (ECA) has introduced the African Continental Input-Output Table (AfCIOT), a groundbreaking statistical tool designed to enhance intra-African trade and foster economic development across the continent.

The announcement was made during a four-day capacity-building workshop held on Dec. 5, 2024, in Addis Ababa, Ethiopia.

The AfCIOT empowers policymakers, businesses, and researchers with insights into how goods and services are produced and traded across borders, enabling informed decisions that optimize local value-added production and strengthen cross-border value chains.

“With the African Continental Free Trade Area (AfCFTA) now in full swing, the Input-Output Table allows us to analyze the broader implications of this landmark agreement on trade, investment, employment, and sustainable growth across Africa,” said Oliver Chinganya, Director of the ECA African Centre for Statistics (ACS) and Chief Statistician for ECA.

The AfCFTA is a Flagship Project of Agenda 2063 Africa’s development framework. It aims at accelerating intra-African trade and boosting Africa’s trading position in the global market by strengthening Africa’s common voice and policy space in global trade negotiations.

Addressing Trade Challenges

Africa’s trade landscape has often been characterized by competition rather than collaboration, with countries exporting similar products to external markets while neglecting regional trade.

The AfCIOT aims to shift this dynamic by quantifying intra-African trade and assessing local value-added production.

However, challenges persist, including incomplete or inconsistent trade data reporting across countries.

Chinganya called for improved data quality and availability, especially with the growing significance of services in the global economy.

Collaboration and Integration

Developed in collaboration with the OECD and WTO, the AfCIOT extends trade-in-value-added analysis to African economies. Currently, eight African nations feature in the WTO-OECD TiVA database, with plans to include 25 African countries in the AfCIOT by the end of 2024.

“The AfCIOT is not just a statistical construct, it is a critical tool for understanding and shaping Africa’s economic future,” Chinganya said, emphasizing its role in harnessing the potential of the AfCFTA to strengthen trade negotiations and drive sustainable development across the continent.

Subscribe to our newsletter

Get our latest tips, insights, and discoveries delivered straight to your inbox. It’s free, inspiring, and spam-free! ✨


Editor’s Pick

Nigeria’s Lagos Ranked as World’s Fastest Growing Tech City

Nigeria’s Lagos Ranked as World’s Fastest Growing Tech City

June 22, 2025
President Ouattara Tells Africa to Chart New Path of Economic Self-Reliance

President Ouattara Tells Africa to Chart New Path of Economic Self-Reliance

June 3, 2025
Thomas Sankara Mausoleum Inaugurated in Burkina Faso

Thomas Sankara Mausoleum Inaugurated in Burkina Faso

June 3, 2025
À Abidjan, l’Afrique veut passer des discours aux actes

À Abidjan, l’Afrique veut passer des discours aux actes

June 3, 2025
African Union Urges Responsible AI Use to Safeguard Press Freedom

African Union Urges Responsible AI Use to Safeguard Press Freedom

June 23, 2025
Cameroon, Chad Open Bridge to Boost Cross-Border Trade

Cameroon, Chad Open Bridge to Boost Cross-Border Trade

June 3, 2025

ECA Launches Innovative Data Tool to Drive Intra-African Trade, Boost AfCFTA Integration

ADDIS ABABA, Ethiopia (ECA) — The Economic Commission for Africa (ECA) has introduced the African Continental Input-Output Table (AfCIOT), a groundbreaking statistical tool designed to enhance intra-African trade and foster economic development across the continent.

The announcement was made during a four-day capacity-building workshop held on Dec. 5, 2024, in Addis Ababa, Ethiopia.

The AfCIOT empowers policymakers, businesses, and researchers with insights into how goods and services are produced and traded across borders, enabling informed decisions that optimize local value-added production and strengthen cross-border value chains.

“With the African Continental Free Trade Area (AfCFTA) now in full swing, the Input-Output Table allows us to analyze the broader implications of this landmark agreement on trade, investment, employment, and sustainable growth across Africa,” said Oliver Chinganya, Director of the ECA African Centre for Statistics (ACS) and Chief Statistician for ECA.

The AfCFTA is a Flagship Project of Agenda 2063 Africa’s development framework. It aims at accelerating intra-African trade and boosting Africa’s trading position in the global market by strengthening Africa’s common voice and policy space in global trade negotiations.

Addressing Trade Challenges

Africa’s trade landscape has often been characterized by competition rather than collaboration, with countries exporting similar products to external markets while neglecting regional trade.

The AfCIOT aims to shift this dynamic by quantifying intra-African trade and assessing local value-added production.

However, challenges persist, including incomplete or inconsistent trade data reporting across countries.

Chinganya called for improved data quality and availability, especially with the growing significance of services in the global economy.

Collaboration and Integration

Developed in collaboration with the OECD and WTO, the AfCIOT extends trade-in-value-added analysis to African economies. Currently, eight African nations feature in the WTO-OECD TiVA database, with plans to include 25 African countries in the AfCIOT by the end of 2024.

“The AfCIOT is not just a statistical construct, it is a critical tool for understanding and shaping Africa’s economic future,” Chinganya said, emphasizing its role in harnessing the potential of the AfCFTA to strengthen trade negotiations and drive sustainable development across the continent.

Related Posts

Nigeria’s Lagos Ranked as World’s Fastest Growing Tech City
Technology

Nigeria’s Lagos Ranked as World’s Fastest Growing Tech City

by Bantu Gazette
June 22, 2025
0

Lagos, Nigeria's largest city, has taken the top spot in the Global Tech Ecosystem Index 2025 as the fastest growing...

Read moreDetails
President Ouattara Tells Africa to Chart New Path of Economic Self-Reliance

President Ouattara Tells Africa to Chart New Path of Economic Self-Reliance

June 3, 2025
Thomas Sankara Mausoleum Inaugurated in Burkina Faso

Thomas Sankara Mausoleum Inaugurated in Burkina Faso

June 3, 2025
À Abidjan, l’Afrique veut passer des discours aux actes

À Abidjan, l’Afrique veut passer des discours aux actes

June 3, 2025

Most Recent

Nigeria’s Lagos Ranked as World’s Fastest Growing Tech City
Technology

Nigeria’s Lagos Ranked as World’s Fastest Growing Tech City

June 22, 2025
President Ouattara Tells Africa to Chart New Path of Economic Self-Reliance
Politics & Economy

President Ouattara Tells Africa to Chart New Path of Economic Self-Reliance

June 3, 2025
Thomas Sankara Mausoleum Inaugurated in Burkina Faso
Politics & Economy

Thomas Sankara Mausoleum Inaugurated in Burkina Faso

June 3, 2025
À Abidjan, l’Afrique veut passer des discours aux actes
Politics & Economy

À Abidjan, l’Afrique veut passer des discours aux actes

June 3, 2025
African Union Urges Responsible AI Use to Safeguard Press Freedom
Politics & Economy

African Union Urges Responsible AI Use to Safeguard Press Freedom

June 23, 2025
Cameroon, Chad Open Bridge to Boost Cross-Border Trade
Politics & Economy

Cameroon, Chad Open Bridge to Boost Cross-Border Trade

June 3, 2025

ECA Launches Innovative Data Tool to Drive Intra-African Trade, Boost AfCFTA Integration

December 5, 2024
Share this story
Facebook
X
LinkedIn
Email
Copy Link

ADDIS ABABA, Ethiopia (ECA) — The Economic Commission for Africa (ECA) has introduced the African Continental Input-Output Table (AfCIOT), a groundbreaking statistical tool designed to enhance intra-African trade and foster economic development across the continent.

The announcement was made during a four-day capacity-building workshop held on Dec. 5, 2024, in Addis Ababa, Ethiopia.

The AfCIOT empowers policymakers, businesses, and researchers with insights into how goods and services are produced and traded across borders, enabling informed decisions that optimize local value-added production and strengthen cross-border value chains.

“With the African Continental Free Trade Area (AfCFTA) now in full swing, the Input-Output Table allows us to analyze the broader implications of this landmark agreement on trade, investment, employment, and sustainable growth across Africa,” said Oliver Chinganya, Director of the ECA African Centre for Statistics (ACS) and Chief Statistician for ECA.

The AfCFTA is a Flagship Project of Agenda 2063 Africa’s development framework. It aims at accelerating intra-African trade and boosting Africa’s trading position in the global market by strengthening Africa’s common voice and policy space in global trade negotiations.

Addressing Trade Challenges

Africa’s trade landscape has often been characterized by competition rather than collaboration, with countries exporting similar products to external markets while neglecting regional trade.

The AfCIOT aims to shift this dynamic by quantifying intra-African trade and assessing local value-added production.

However, challenges persist, including incomplete or inconsistent trade data reporting across countries.

Chinganya called for improved data quality and availability, especially with the growing significance of services in the global economy.

Collaboration and Integration

Developed in collaboration with the OECD and WTO, the AfCIOT extends trade-in-value-added analysis to African economies. Currently, eight African nations feature in the WTO-OECD TiVA database, with plans to include 25 African countries in the AfCIOT by the end of 2024.

“The AfCIOT is not just a statistical construct, it is a critical tool for understanding and shaping Africa’s economic future,” Chinganya said, emphasizing its role in harnessing the potential of the AfCFTA to strengthen trade negotiations and drive sustainable development across the continent.

Related Posts

Nigeria’s Lagos Ranked as World’s Fastest Growing Tech City

Nigeria’s Lagos Ranked as World’s Fastest Growing Tech City

by Bantu Gazette
May 30, 2025
0

...

President Ouattara Tells Africa to Chart New Path of Economic Self-Reliance

President Ouattara Tells Africa to Chart New Path of Economic Self-Reliance

by Bantu Gazette
May 28, 2025
0

...

Thomas Sankara Mausoleum Inaugurated in Burkina Faso

Thomas Sankara Mausoleum Inaugurated in Burkina Faso

by Bantu Gazette
May 18, 2025
0

...

À Abidjan, l’Afrique veut passer des discours aux actes

À Abidjan, l’Afrique veut passer des discours aux actes

by Bantu Gazette
May 14, 2025
0

...

African Union Urges Responsible AI Use to Safeguard Press Freedom

African Union Urges Responsible AI Use to Safeguard Press Freedom

by Bantu Gazette
May 3, 2025
0

...

Cameroon, Chad Open Bridge to Boost Cross-Border Trade

Cameroon, Chad Open Bridge to Boost Cross-Border Trade

by Bantu Gazette
April 29, 2025
0

...

Nigeria’s Lagos Ranked as World’s Fastest Growing Tech City
Technology

Nigeria’s Lagos Ranked as World’s Fastest Growing Tech City

by Bantu Gazette
Reading Time: 2 mins read
May 30, 2025
0

Lagos, Nigeria's largest city, has taken the top spot in the Global Tech Ecosystem Index 2025 as the fastest growing...

Read moreDetails
President Ouattara Tells Africa to Chart New Path of Economic Self-Reliance

President Ouattara Tells Africa to Chart New Path of Economic Self-Reliance

May 28, 2025
Thomas Sankara Mausoleum Inaugurated in Burkina Faso

Thomas Sankara Mausoleum Inaugurated in Burkina Faso

May 18, 2025
À Abidjan, l’Afrique veut passer des discours aux actes

À Abidjan, l’Afrique veut passer des discours aux actes

May 14, 2025
African Union Urges Responsible AI Use to Safeguard Press Freedom

African Union Urges Responsible AI Use to Safeguard Press Freedom

May 3, 2025
Nigeria’s Lagos Ranked as World’s Fastest Growing Tech City

Nigeria’s Lagos Ranked as World’s Fastest Growing Tech City

by Bantu Gazette
May 30, 2025
0

Lagos, Nigeria's largest city, has taken the top spot in the Global Tech Ecosystem Index 2025 as the fastest growing...

President Ouattara Tells Africa to Chart New Path of Economic Self-Reliance

President Ouattara Tells Africa to Chart New Path of Economic Self-Reliance

by Bantu Gazette
May 28, 2025
0

His speech emphasized the need for African nations to capitalize on their resources and youth to drive transformative and inclusive...

Thomas Sankara Mausoleum Inaugurated in Burkina Faso

Thomas Sankara Mausoleum Inaugurated in Burkina Faso

by Bantu Gazette
May 18, 2025
0

Burkina Faso inaugurates mausoleum for assassinated President Sankara & 12 companions, killed in 1987.

À Abidjan, l’Afrique veut passer des discours aux actes

À Abidjan, l’Afrique veut passer des discours aux actes

by Bantu Gazette
May 14, 2025
0

Abidjan a réuni dirigeants et investisseurs les 12-13 mai pour booster l'économie africaine via industrialisation, logistique et numérique. Place à...

Next Post

Experts Call for Bold Action to Empower Women Entrepreneurs Across Africa

Ghana Votes in Crucial Elections, Showcasing Democratic Strength

Sierra Leone Launches Nationwide Preventive Ebola Vaccination Campaign

Africa Eyes E-Mobility as Catalyst for Regional Integration, Sustainable Growth

The editorial platform of Bantu Agency.

The editorial platform of Bantu Agency.

Our Platforms

  • Bantu Magazine
  • Bantu Brief
  • Bantu TV

Our Services

  • Bantu Agency
  • Advertise
  • Partnerships

Our Services

  • Editorial Director
  • Opportunities
  • Contact

The editorial platform of Bantu Agency.

Our Platforms

  • Bantu Magazine
  • Bantu Brief
  • Bantu TV

Our Services

  • Bantu Agency
  • Advertise
  • Partnerships

Our Services

  • Editorial Director
  • Opportunities
  • Contact
  • Subscription

© 2025

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?