Browsing: African Continent Free Trade Area (AfCFTA)

• Africa is at the center of global sustainability transitions such as decarbonization of production systems.
• The continent is also seeing electrification of transportation infrastructure and accelerated use of renewable energy.
• African Continent Free Trade Area (AfCFTA) is an opportunity to bridge the inequality and vulnerability gap while fostering recovery and transformation in Africa.

Africa – pummeled by a combination of crises – should swiftly invest in and implement people-centered strategies to mobilize financial resources and accelerate continental economic recovery, the Economic Commission for Africa now says.

Speaking during the opening of the ministerial segment of the 55th Session of ECA’s Conference of African Ministers of Finance, Planning and Economic Development, in Ethiopia, Executive Secretary Antonio Pedro said Africa was at the center of global sustainability transitions, such as decarbonization of production systems, electrification of transportation infrastructure and accelerated use of renewable energy, which he said should underpin its recovery from …