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Browsing: Intra-African Trade Fair 2023 – Cairo Conference Insights
- African economies are susceptible to global shocks and liquidity constraints due to overreliance on natural resources, delegates at Trade and Investment Conference of IATF2023 told.
- However, the African Continental Free Trade Area (AfCFTA) has the potential to break the continent’s colonial legacy of exporting raw materials and importing finished goods.
- The trade plan offers huge trade opportunities in manufacturing, export development, SME promotion, and trade in services.
The African Continental Free Trade Area (AfCFTA) has the potential to break Africa’s colonial legacy of exporting raw materials and importing finished goods. This assertion is according to Jean-Louis Ekra, Deputy Chairperson of the Intra-African Trade Fair (IATF2023) Advisory Council and a former President of the African Export-Import Bank (Afreximbank). Ekra made these remarks as the Trade and Investment Conference of IATF2023 got underway in Cairo.
In his opening statement, Mr. Ekra highlighted the unsustainability of African economies relying on natural resources and …