{"id":44281,"date":"2020-11-01T21:56:44","date_gmt":"2020-11-01T20:56:44","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=44281"},"modified":"2020-11-01T21:56:44","modified_gmt":"2020-11-01T20:56:44","slug":"ecobank-restates-commitment-to-afcfta","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/ecobank-restates-commitment-to-afcfta\/","title":{"rendered":"Ecobank Restates Commitment To AfCFTA"},"content":{"rendered":"<div>The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has said the bank is prepared to partner with other organizations to explore the opportunities available in the African Continental Free Trade Area (AfCFTA).<\/div>\n<div><\/div>\n<div>Akinwuntan in his remark at an event in Lagos pointed out that the pan African bank was set up primarily for the economic integration and development of Africa, stressing that the bank was ready to deploy its capacity, platform and network to achieve the AfCFTA objectives.<\/div>\n<div>\n<figure id=\"attachment_37112\" aria-describedby=\"caption-attachment-37112\" style=\"width: 300px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-37112\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/12\/Ecobank-e1553850920681-300x188.jpg\" alt=\"\" width=\"300\" height=\"188\" srcset=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2019\/12\/Ecobank-e1553850920681-300x188.jpg 300w, https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2019\/12\/Ecobank-e1553850920681-768x480.jpg 768w, https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2019\/12\/Ecobank-e1553850920681-110x69.jpg 110w, https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2019\/12\/Ecobank-e1553850920681-420x263.jpg 420w, https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2019\/12\/Ecobank-e1553850920681-687x430.jpg 687w, https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2019\/12\/Ecobank-e1553850920681.jpg 900w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-37112\" class=\"wp-caption-text\">ecobank headquarter<\/figcaption><\/figure>\n<\/div>\n<div><\/div>\n<div>According to him, \u201cNaturally for us as a pan African bank, we are set up to support the economic integration and development of Africa. We have a commitment, capacity, network to support the realization of AfCFTA objectives. We understand the regulatory environments, cultures and have the technology and innovation platforms. We will support Fintech to push Africa to benefit from the global market.\u201d<\/div>\n<div><\/div>\n<div>\u00a0Also speaking, AfCFTA, Mene Wamkele expressed satisfaction that Nigeria is ready to deposit the instrument of ratification of the AfCFTA, noting that he is looking forward to Nigeria\u2019s leadership in AfCFTA.<\/div>\n<div><\/div>\n<div>He observed that for a long time the African continent has focused on security and political issues, noting that focus is now being shifted towards trade and investment-related matters.<\/div>\n<div><\/div>\n<div>&#8220;Whatever decision we take at the secretariat would be informed by what Africa wants. We will not put up any design that will not support what Africa wants. We would employ digitization, and fintech will drive financial inclusion. We would drive trade inclusion through fintech that would be affordable, accessible, and available,\u201d adding that \u201cBorder closure and xenophobic issues have to be addressed according to the rules of the trade agreement, foreigners have to be protected by the agreement. All foreign entities must be treated like domestic players. Discrimination of any kind that will be tolerated. AfCFTA has improved on the WTO requirements on trade facilitation, and we would ensure that countries meet up with their obligation to ensure smooth trade,\u201d Wamkele pointed out.<\/div>\n<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div><!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has said the bank is prepared to partner with other organizations to explore the opportunities available in the African Continental Free Trade Area (AfCFTA).\u00a0<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":29142,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[5103,5086],"coauthors":[2391],"class_list":["post-44281","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-afcfta","tag-patrick-akinwuntan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - 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