AfCFTA establishes business support locations
The African Tech and Creative Group (AfCFTA) has set up locations for business support services in 10 African countries in readiness for the implementation of the African Continental Free Trade Area.
The locations, referred to as nodes, will provide business information, innovation and partnership support to entrepreneurs looking to operate and expand across Africa, a statement issued in Lagos by the group stated.
According to the group, the 10 MyAfCFTA nodes are situated in CcHUB (Nigeria/Rwanda), Afrinolly (Nigeria), iSpace (Ghana), iHUB (Kenya), BongoHive (Zambia), HYBR Group (South Africa/Kenya/Nigeria), Sylabs (Algeria), The Tech Village Innovation Hub (Zimbabwe), Bliss Executives (The Gambia), and The Innovation Village (Uganda).
It stated that the nodes would serve as a one-stop-shop for on the ground information and support around the technology and creative landscape in their regions.
The statement revealed that each node would be linked to other nodes over the continent to assist in exchange and international trade.
The Lead of the ATCG Information and Business Network sub-group, Iyin Aboyeji, stressed that “While building Flutterwave and Andela I experienced the growing pains of building a Pan-African business without the necessary support or information. The launch of ATCG means no one else will have to experience the same pains. MyAfCFTA nodes and the information and support they will provide will ensure that. The true promise of AfCFTA is that we can enable African companies to scale their businesses across Africa. I’m excited that today we have begun the journey of fulfilling that promise with the ATCG nodes.”
Additionally, ATCG stated that the nodes would help to implement the AfCFTA and improve intra-African trade by African SMEs and start-ups through existing opportunities as well as future provisions of the continental free trade agreement.
Based on the statement, the 10 locations will be a network of business support, providing country-specific experts from within the African tech and creative environment that will provide tailor-made advice to members that are interested in setting up their business in other areas of Africa.