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BREAKING NEWS: Business Quake In Africa Part 1… - Business - Nairaland

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BREAKING NEWS: Business Quake In Africa Part 1… by Temidayo698(m): 7:39pm On Jan 01
Sorry for this disturbing news, but it is real and true.
Happening in Africa as I speak, the quake began at 12:01am January 1, 2021.

The cause of the quake is AfCFTA!

The Africa Continental Free Trade Area (AfCFTA) is the flagship project of the Africa Union’s agenda 2063, and it is a blueprint for attaining inclusive and sustainable development across the continental over the next 50 years. It was created with the aim of boosting intra-African trade by providing a comprehensive and mutually beneficial trade agreement among the member states, covering trade in goods and services, investment, intellectual property rights and competition policy.
This comes with its advantages and disadvantages as well.

For instance, this agreement facilitates labour movement meaning that career people (employees) in Nigeria will feel the heat as more Africans from other countries are willing to take their job at a smaller fee. Which employers will like as it will help reduce the company’s expenses. This is something Nigeria Labour Congress (NLC) is not pleased with.

There are 3 sides to a coin….

The head, the tail and the side.
The side is very important as it is the vantage point that gives you a bird view of the head and the tail (the subject matter). By standing on the side you will be able to discern the opportunity in a problem.
A great analogy for this is the current high tariffs placed on importation on the other side, the Federal Government of Nigeria is rewarding exporters. The high tariff on importation will stay for a long time, it was implemented to support AfCFTA. So if you are an importer, start looking the opposite direction.

Why is it a Quake?

Some businesses will vibrate from instability and get swallowed up, as competition will be very high. The AfCFTA agreement permits businesses to move their product or service from one nation to another with low tariffs and more incentives.
In my next post I will share with you 2 things that will help your business not only survive but flourish under AfCFTA.

Happy New Year..
Temidayo Aworeni
CopyWriter/Sales Closer/Digital Marketer/Entrepreneur


Contact me here https://www.facebook.com/temidayosamuel.mike

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Re: BREAKING NEWS: Business Quake In Africa Part 1… by Temidayo698(m): 10:35pm On Jan 09
Re: BREAKING NEWS: Business Quake In Africa Part 1… by Temidayo698(m): 2:32pm On Jan 14

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