On May 30, 2022, the Africa Alliance for E-Commerce (AAEC) renewed its partnership with the West African Economic and Monetary Union (WAEMU) through an additional funding of 10 million CFA Francs this year.
The support will go towards improving the performance of the Africa e-Trade Hub platform to cater for the exchange of electronic certificates of origin, consolidating ongoing initiatives, and further supporting Member States in simplifying procedures and formalities.
Speaking during a courtesy call to WAEMU, AAEC Executive Committee President Amos Wangora emphasized the importance of the partnership in deepening capacity building among Member States on trade facilitation and electronic commerce.
“As AAEC, we believe that the Single Window stimulates the development of inter and intra regional trade in Africa and enables businesses to be more competitive in the markets and ready to meet the challenges of globalization,” Wangora said.
Since their collaboration began in 2013, AAEC and WAEMU have signed two financial agreements, one in October 2015 and renewed in August 2016 for an amount of 20 million CFA Francs, and the second in November 2017 and renewed in March 2019 for an amount of 30 million CFA Francs.
Wangora expressed his hope that WAEMU will continue supporting AAEC to achieve its goals and emphasized the need for AAEC to sustain the maintenance and improvement of the joint WAEMU – AAEC and AfDB project.
During the AAEC General Assembly meeting held in Mombasa, Kenya in March 2022, a new Executive Committee for the AAEC was put in place to run the affairs of the Alliance for the next two years, with Kenya as the President and Morocco as the President of the General Assembly.
