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Experts Seek to Accelerate Structural Transformation in West Africa

A two-day Ad hoc expert group meeting on “The impact of the Economic Partnership Agreements (EPAs) and the ECOWAS Common External Tariff (CET) on the structural transformation of economies and regional integration in West Africa” is underway in Ouagadougou, Burkina Faso. Jointly organized by ECA’s...

FG Resumes Payment into Excess Crude Account with $87m

The Minister of Finance, Mrs. Kemi Adeosun, has said that the federal government has commenced payment into the Excess Crude Account (ECA), in line with efforts to rebuild fiscal buffers. Adeosun said for the first time since the administration took over, the federal government last...

ECA Urges Africa to Push Ahead with Continental Free Trade Area

The Africa Trade Forum ended in Addis Ababa with Economic Commission for Africa’s Coordinator, David Luke, of the African Trade Policy Centre (ATPC) urging participants to act on conclusions reached in discussions this week as the continent seeks to meet its October 2017 deadline...

Excess Crude Account now $2.26bn – FG

Finance Minister Kemi Adeosun has told the National Economic Council that the balance in the Excess Crude Account stood at $2.259 billion as of April 30, 2016. The minister put the interest accrued on the account at $429,903.55 “for the month of April 2016 experiencing...

Govs beg Buhari to share funds in Excess Crude Account 

The 36 state governors have told President Muhammadu Buhari to approve the sharing of funds in the Excess Crude Account (ECA) among the three tiers of government in order to improve the liquidity position of the states. Currently, the ECA, which was set up when...

ECA and BADEA to sign MoU to promote African Development

The Economic Commission for Africa and the Arab Bank for Economic Development in Africa (BADEA) will sign a Memorandum of Understanding Sunday 3 April in Addis Ababa (Ethiopia), on the margins of the Africa Development Week 2016. This agreement aims to establish a framework for...