Browsing: Supply chains Africa

• By enhancing intra-African trade, AfCFTA estimates that the continent with gain $195 billion by 2045.
• These gains are projected to be mainly realised in industry, services, agrifood, and energy sectors.
• By collaborating under AfCFTA, countries can greatly boost regional supply chains for the global electric vehicles market.

African countries need to embrace a set of reforms critical in driving Africa’s free trade plan, AfCFTA. The call comes even as more African leaders sign the agreement on the African Continental Free Trade Area (AfCFTA).

AfCFTA has the potential to transform regional trade and thereby lift billions of livelihoods in Africa out of poverty. To realise these benefits however African leaders need to go beyond blueprints.

“It is not for lack of blueprints that Africa has not structurally transformed,” United Nations Economic Commission for Africa (UNECA) Secretary-General Antonio Pedro said.

Mr Pedro was speaking at the Africa Regional Forum by UNECA on …