{"id":492640,"date":"2026-07-03T15:19:50","date_gmt":"2026-07-03T15:19:50","guid":{"rendered":"https:\/\/www.financialafrik.com\/en\/2026\/07\/03\/afcfta-nigeria-succeeds-egypt-as-president-of-the-council-of-ministers-of-trade\/"},"modified":"2026-07-03T15:20:00","modified_gmt":"2026-07-03T15:20:00","slug":"afcfta-nigeria-succeeds-egypt-as-president-of-the-council-of-ministers-of-trade","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2026\/07\/03\/afcfta-nigeria-succeeds-egypt-as-president-of-the-council-of-ministers-of-trade\/","title":{"rendered":"AfCFTA: Nigeria succeeds Egypt as President of the Council of Ministers of Trade"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>\n<p class=\"wp-block-paragraph\">Nigeria has officially taken over the presidency of the Council of Ministers responsible for Trade of the African Continental Free Trade Area (AfCFTA), succeeding Egypt at the end of the 18th meeting of this body held on June 30, 2026 in Abuja. This handover is part of the rotation mechanism adopted by the member states of the agreement.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">A meeting dedicated to AfCFTA priorities<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The ministerial meeting was mainly dedicated to reviewing the report of the Secretary-General of the AfCFTA, as well as the conclusions of the 22nd meeting of the Committee of Senior Trade Officials and the second meeting of the Committee of Heads of Competition Authorities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ministers also discussed the progress of ratification of the various legal instruments of the AfCFTA. Discussions focused, among other things, on the decision of the Conference of Heads of State and Government to launch the process of selecting the host country of the Competition Authority and the Competition Tribunal of the AfCFTA, two institutions expected to play a key role in the functioning of the continental market.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">A continental market with major economic ambitions<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">As the decision-making body responsible for implementing the agreement, the Council of Ministers examines the main strategic orientations related to the AfCFTA. The latter is considered the largest free trade area in the world in terms of number of participating countries. It brings together a market of over 1.3 billion consumers with a combined GDP estimated at nearly $3.4 trillion, with the ambition to boost intra-African trade, accelerate the continent&#8217;s industrialization, and promote job creation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Wamkele Mene calls for accelerated implementation of the agreement<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">At the opening of the meeting, the Secretary-General of the AfCFTA, Wamkele Mene, emphasized the strategic role of the agreement as a driver of African economic integration and the revitalization of trade exchanges between countries on the continent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He called on member states to accelerate the effective implementation of the agreement by removing obstacles that still hinder its operationalization. According to him, a quicker implementation of the AfCFTA will allow African economies to fully benefit from the opportunities offered by this integrated continental market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In an international context marked by geopolitical tensions and recurrent disruptions in global supply chains, Wamkele Mene considered that the AfCFTA is a strategic instrument to strengthen Africa&#8217;s economic resilience. By promoting the development of larger and more integrated domestic markets, it will enable the continent to reduce its dependence on external shocks and consolidate more sustainable growth driven by intra-African trade.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Nigeria has officially taken over the presidency of the Council of Ministers responsible for Trade of the African Continental Free Trade Area (AfCFTA), succeeding Egypt at the end of the 18th meeting of this body held on June 30, 2026 in Abuja. This handover is part of the rotation mechanism adopted by the member states<\/p>\n","protected":false},"author":537209,"featured_media":492647,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"https:\/\/www.financialafrik.com\/2026\/07\/01\/zlecaf-le-nigeria-succede-a-legypte-a-la-presidence-du-conseil-des-ministres-du-commerce\/","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12046,12036],"tags":[],"class_list":["post-492640","post","type-post","status-publish","format-standard","has-post-thumbnail","category-leaders-en","category-sectors","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v28.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>AfCFTA: Nigeria succeeds Egypt as President of the Council of Ministers of Trade - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.financialafrik.com\/en\/2026\/07\/03\/afcfta-nigeria-succeeds-egypt-as-president-of-the-council-of-ministers-of-trade\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AfCFTA: Nigeria succeeds Egypt as President of the Council of Ministers of Trade\" \/>\n<meta property=\"og:description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.financialafrik.com\/en\/2026\/07\/03\/afcfta-nigeria-succeeds-egypt-as-president-of-the-council-of-ministers-of-trade\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Afrik\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FinancialAfrik\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-03T15:19:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-03T15:20:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2026\/07\/Jumoke-Oduwole.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1440\" \/>\n\t<meta property=\"og:image:height\" content=\"961\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dominique Mabika\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:site\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dominique Mabika\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2026\\\/07\\\/03\\\/afcfta-nigeria-succeeds-egypt-as-president-of-the-council-of-ministers-of-trade\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2026\\\/07\\\/03\\\/afcfta-nigeria-succeeds-egypt-as-president-of-the-council-of-ministers-of-trade\\\/\"},\"author\":{\"name\":\"Dominique Mabika\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#\\\/schema\\\/person\\\/8c086c638b64489596b4801e234eac00\"},\"headline\":\"AfCFTA: Nigeria succeeds Egypt as President of the Council of Ministers of Trade\",\"datePublished\":\"2026-07-03T15:19:50+00:00\",\"dateModified\":\"2026-07-03T15:20:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2026\\\/07\\\/03\\\/afcfta-nigeria-succeeds-egypt-as-president-of-the-council-of-ministers-of-trade\\\/\"},\"wordCount\":423,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2026\\\/07\\\/03\\\/afcfta-nigeria-succeeds-egypt-as-president-of-the-council-of-ministers-of-trade\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/Jumoke-Oduwole.jpeg\",\"articleSection\":[\"Leaders\",\"Sectors\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2026\\\/07\\\/03\\\/afcfta-nigeria-succeeds-egypt-as-president-of-the-council-of-ministers-of-trade\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2026\\\/07\\\/03\\\/afcfta-nigeria-succeeds-egypt-as-president-of-the-council-of-ministers-of-trade\\\/\",\"url\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2026\\\/07\\\/03\\\/afcfta-nigeria-succeeds-egypt-as-president-of-the-council-of-ministers-of-trade\\\/\",\"name\":\"AfCFTA: Nigeria succeeds Egypt as President of the Council of Ministers of Trade - Financial Afrik\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2026\\\/07\\\/03\\\/afcfta-nigeria-succeeds-egypt-as-president-of-the-council-of-ministers-of-trade\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2026\\\/07\\\/03\\\/afcfta-nigeria-succeeds-egypt-as-president-of-the-council-of-ministers-of-trade\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/Jumoke-Oduwole.jpeg\",\"datePublished\":\"2026-07-03T15:19:50+00:00\",\"dateModified\":\"2026-07-03T15:20:00+00:00\",\"description\":\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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