Browsing: Cyril Ramaphosa

Africa expects business to flourish with $3 trillion GDP - The Exchange

There has never been a better time to invest in Africa, says South African President Cyril Ramaphosa.

He said the continent’s governments are committed to creating the necessary enabling environment for business to flourish. Calling on the investor community to “harness the climate of reform” sweeping the continent and “take advantage of its momentum,” he said: “there has never been a better time to invest in Africa”.

Ramaphosa was speaking at the Financial Times Africa Summit in London, where other speakers included former Liberian president Ellen Johnson Sirleaf.

The launch of the African Continental Free Trade Area will “bring together into a single market 54 nations of some 1.2 billion people and a combined GDP of over $3 trillion,” Ramaphosa said.

He compared its significance for Africa to the 1992 Maastricht Treaty which created “a new era of European cooperation and integration”. This follows the enabling African Continental Free Trade

Ramaphosa in G7 Summit - The Exchange

President Cyril Ramaphosa has arrived in Biarritz, France to take part in the G7 Summit that is focused on the elimination of inequalities of various kinds globally, the presidency said on Sunday.

The G7 comprises France, Germany, Italy, Japan, the United States, the United Kingdom, and Canada, whose government leaders meet annually to discuss important global economic, political, social, and security issues.

President Ramaphosa was invited to this year’s G7 Summit by the host, President Emmanuel Macron of France. The summit is structured into three tracks: G7 and Africa Partnership co-opting South Africa, Rwanda, Egypt, Burkina Faso, Senegal, and the chair of the African Union Commission; the G7 and four Biarritz Partners which are South Africa, India, Australia, and Chile; then the G7 and all partners.

“The working visit will also provide a platform for President Ramaphosa and members of Cabinet to invite global partners to experience South Africa as …