Skip to main content

We've updated our Privacy Policy. Questions? Email us any time at privacy@ground.news

Published loading...Updated

AfCFTA Signs $3.1B Deal to Deploy New Customs System

Summary by Semafor
The African Continental Free Trade Area signed a $3.1 billion deal with Nigerian company Bergmans Security Consultants to deploy a customs system aimed at improving trade in Africa. Trading under the AfCFTA — the world’s largest free-trade area — started in 2021. Intra-Africa trade has grown since then, rising by 12.5% from 2023 to $220 billion in 2024. But African trade analysts say the pact’s impact remains constrained by several structural an…

5 Articles

The African Continental Free Trade Area (Zlecaf) wants to tackle one of the most concrete problems of trade in Africa, namely, the crossing of goods at the borders. Its secretariat has just entrusted to the Nigerian company "Bergmans Security Consultants and Supplies" a project to modernize customs in 50 African countries. The contract, concluded for 20 years, is estimated at $3.1 billion. The project will be deployed by AfriTrade CMP, a subsidi…

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 100% of the sources lean Left
100% Left

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

Semafor broke the news in New York, United States on Monday, August 10, 2026.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal