Browsing: financial institution

Among the various ways to strengthen the private sector and thus promote African trade, African governments must enable the private sector to play an active role in realising regional integration objectives.

• Regional trade remains low despite the African Union establishing and operationalising the Africa Continental Free Trade Area (AfCFTA).
• Given their limited financial resources, most African governments must find methods to harness private investment in infrastructure.
• A credible system for successful public-private sector cooperation must be established to harness private sector potential, strengthen productive capacity, and improve chances for expanding African trade,

Regional African trade is still low

Regional trade remains low despite the African Union establishing and operationalising the Africa Continental Free Trade Area (AfCFTA). While there are significant improvements, Brookings indicates that intraregional trade accounts for just 22 to 25 per cent of Africa’s overall exports. One of the primary explanations for the low African trade performance has …