• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Features

Nigeria Exports Hair Products in First AfCFTA Shipment to Kenya

10 months ago
in Features, highlights, Home, home-news, latest News
2 min read
0 0
0
58
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

FEC 2025: NRGI Warns Fossil Fuel Investments Risk Undermining Africa’s Energy Transition; Lists Innovative Financing Instruments to Plug Transition Funding Shortfall

Kwesi Appiah: The Ghanaian Legend Rewriting Sudan’s Football Story Amid War

Cadillac Signs Sergio Perez and Valtteri Bottas for 2026 F1 Debut

Nigeria Exports Hair Products in First AfCFTA Shipment to Kenya

Lucky Fibres, a subsidiary of the Tolaram Group, exported hair products in Nigeria’s first African Continental Free Trade Area (AfCFTA) shipment to Kenya.

Lucky Fibres is a Lagos-based manufacturer which produces hair products, rugs, and carpets.

The company’s shipment was however delayed due to poor documentation and inability to properly describe or account for the items.

Abdullahi Maiwada, national public relations officer, Nigeria Customs Service (NCS), told BusinessDay in an exclusive interview that the issue led to a 24-hour delay in the release of the shipment.

He however stated that the issue was eventually resolved when the export documents were modified to meet the required standards, ensuring that the shipment could proceed.

“The issue was addressed by ensuring that the export document was modified to standards.”

Speaking on how the Customs ensures that AfCFTA shipments meet the required standards and regulations, both locally and in destination countries like Kenya, Maiwada said the comptroller general of customs (CGC) has deployed senior officers to AfCFTA desks nationwide to ensure compliance.

Launched in 2021, the AfCFTA is a trade agreement aimed at creating a single continental market for goods and services across 54 of the 55 African Union (AU) member states. It is said to be one of the largest free trade areas in the world in terms of the number of participating countries.

Though this was Nigeria’s first export to Kenya under the AfCFTA, it was the second export done under the AfCFTA in general.

“One major benefit of the African continental free trade area agreement is the opportunity to access a bigger market. We are talking about a market of 1.5 billion people. That’s a very huge opportunity because the AfCFTA protocol will collapse practically all the barriers, tariff and non-tariff barriers,” said Muda Yusuf, chief executive of Centre for the Promotion of Private Enterprise (CPPE).

Yusuf highlighted that under the AfCFTA, businesses can scale and become more competitive by leveraging innovation and improved logistics, while government support through a stable macroeconomic environment is crucial for fostering growth and investor confidence.

“For businesses with capacity, this is an opportunity to further scale and become more competitive. They will enjoy economies of scale, reduce unit costs, and be able to compete within the sub-region, the continent, and even globally.

“For businesses to take advantage of this, they need to be creative, innovative, and fine-tune their logistics, leveraging technology for better marketing and delivery. But more importantly, the government must create a stable macroeconomic environment, with stable exchange rates, low inflation, and reduced uncertainty to inspire investor confidence.”

He noted that for the AfCFTA to succeed, governments must improve physical connectivity, enhance payment systems to allow trade in local currencies, and remove non-tariff barriers.

“Government, including those across the continent, must improve connectivity through roads, rail, aviation, and sea, as effective trade and economic integration in Africa cannot occur with poor linkages. This connectivity is crucial for countries to fully benefit from the African Continental Free Trade Area.

“The payment system also needs improvement. The African Exim Bank is working to ensure seamless transactions within AfCFTA, allowing countries to trade in their own currencies.”

Nigeria’s Trade with Kenya

Paul Alaje, chief economist at SPM Professionals, said, “The export to Kenya will boost trade relationship between both countries, given that Nigeria is in the west, and Kenya in the east. It’ll also create more jobs, which is a good development, as this will help boost economic productivity for both countries.”

Alaje said the Ministry of Trade and Investment must start a support scheme for mini, micro, and small businesses to enable Nigerian businesses to compete globally.

He said, “We need to intensify awareness level, facilitate grants and support for manufacturers. We need to create a business environment that allows for growth. That is when Nigerians can compete both locally and internationally. For me, the economic impact is huge, when the environment is right.

“Even though digital tools are good, they cannot replace critical infrastructures. So, the government has a huge responsibility.”

Tags: AFCFTAKenyaNigeriaNigeria Exports Hair Products in First AfCFTA Shipment to Kenya

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

FEC 2025: Energy Minister Warns African Gov’ts Cannot Sustain Energy Financing Burden; Urges Stronger Private Sector Role in Continent’s Energy Financing

ACEP Pushes for Bold Financing Models to Tackle Africa’s Energy Poverty at FEC 2025

The Rise of Women-Tailored Insurance Policies in Africa

Energy Ministry, NPA Engage Industry on Proposed Petroleum Sector Legislation

President Mahama Targets Billion-dollar Ghana–Singapore Trade in 24-Hour Economy Pitch to Investors

Unpaid Taxes “Very Frightening”, Says Hon. Nana Osei-Adjei

Trending

Energy

FEC 2025: NRGI Warns Fossil Fuel Investments Risk Undermining Africa’s Energy Transition; Lists Innovative Financing Instruments to Plug Transition Funding Shortfall

August 26, 2025

FEC 2025: NRGI Warns Fossil Fuel Investments Risk Undermining Africa’s Energy Transition; Lists Innovative Financing Instruments to...

Kwesi Appiah: The Ghanaian Legend Rewriting Sudan’s Football Story Amid War

August 26, 2025

Cadillac Signs Sergio Perez and Valtteri Bottas for 2026 F1 Debut

August 26, 2025

FEC 2025: Energy Minister Warns African Gov’ts Cannot Sustain Energy Financing Burden; Urges Stronger Private Sector Role in Continent’s Energy Financing

August 26, 2025

ACEP Pushes for Bold Financing Models to Tackle Africa’s Energy Poverty at FEC 2025

August 26, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.