Participants to the 13th African Economic Conference called for African countries to leverage the full range of their strengths and resources to accelerate the region’s drive towards continental integration.

Themed “Regional and Continental Integration for Africa’s Development” the 2018 AEC, jointly organized by the United Nations Development Programme, the United Nations Economic Commission for Africa, and the African Development Bank follows the launch of the African Continental Free Trade Area (AfCTA) 8 months ago in Kigali.

Speaking during the conference’s opening ceremony, Hon. Claudine Uwera, Rwanda’s Minister of State in charge of Economic Planning said: “Africa’s integration is no longer a choice. It’s a must for the continent and its people. To become the global player that it deserves to be, Africa should integrate speedily.”

Experts agree that a self-reliant approach that emphasizes intra-African trade, would not only help deepen regional economic integration, but contribute significantly to sustainable economic growth, job creation, poverty reduction, and inflow of foreign direct investment.

The African Continental Free Trade Area signed in March 2018 by 44 countries is seen as the most ambitious effort to form what has the potential to be the world’s biggest free trade agreement which aims to create a single continental market of goods and services, with free movement of business persons and investments across Africa.

Estimates are that if Africa were to increase its share of global trade from 2 to 3%, the one percentage point increase would result in an annual additional income of about US$70 billion.

Ms. Ahunna Eziakonwa, UNDP Regional Director for Africa observed: “African countries need to collaborate more effectively in devising public policies that can create skills, foster innovation and technological advancement, facilitate labour mobility and access to productive assets including land and finance.”

Speaking to the urgency of ratifying the AfCFTA, Ms. Giovanie Biha, ECA Deputy Executive Secretary said: “It’s time to ratify to ratify AfCFTA, the more ambitious the liberalization, the higher will be the gains in terms of increase in GDP and exports.”

The need for African economies to adopt innovative approaches to finance integration and especially infrastructure development also underscored.

Gabriel Negatu, Director General of African Development Bank stated: “We are committed to continue supporting Africa’s integration agenda for it will lead to sustained growth and allow the continent to withstand external pressures; enable African companies to grow and become global giants.”

AEC 2018 debates are expected to focus on four main themes: Conceptual underpinning of Africa’s integration; Infrastructure and institution for Africa’s integration; Leveraging private sector for Africa’s integration; Partnerships for effective integration that address impediments to Africa’s regional and continental integration.

The high points of the conference will include the launch of three significant reports: the 2018 Visa Openness Index; the 2018 Africa Sustainable Development Report; and the African Governance Report on Tuesday 4 December 2018.

By Dotun Roy

DotunRoy.com is a development driven news website with the overall goal of amplifying, promoting and advocating for positive societal change through Sustainable Development advocacy in line with UN SDGs components such as education, environmental sustainability and Climate Change, Human Rights, health, finance, housing, good governance as well as security in Nigeria and across the world.

39 thought on “African countries must leverage their strengths to accelerate drive towards integration”
  1. Keflex And Water Retention Sale Isotretinoin Low Price Secure Bentyl With Free Shipping Us No Doctors Consult Viagra Farmaco Da Banco Cephalexin Canine Viagra Non Generico

  2. The other day, while I was at work, my cousin stole my iphone and tested to see if it can survive a 30 foot drop, just so she can be a youtube sensation. My iPad is now broken and she has 83 views.
    I know this is completely off topic but I had to share it with someone!

  3. Hello there! This is my first visit to your blog!
    We are a team of volunteers and starting a new initiative in a community in the same niche.
    Your blog provided us beneficial information to work on. You have done a
    wonderful job!

  4. Hi there, I believe your web site could be having
    web browser compatibility problems. Whenever I look at your website in Safari,
    it looks fine however, if opening in Internet Explorer, it has some overlapping
    issues. I just wanted to provide you with a quick heads up!

    Aside from that, excellent website!

  5. [url=http://lending.us.org/]personal lending[/url] [url=http://paydayloansonline.us.com/]payday loans online[/url] [url=http://simpleloan.us.org/]easy money payday loans[/url] [url=http://moneyfast.us.org/]money fast[/url] [url=http://badcredit.us.org/]bad credit loans[/url]

  6. Unquestionably believe that that you said.
    Your favorite reason appeared to be on the internet the simplest thing to bear in mind of.
    I say to you, I definitely get irked whilst folks think about concerns that they plainly do
    not recognise about. You managed to hit the nail upon the highest as neatly
    as defined out the whole thing without having side-effects , people could take a signal.
    Will probably be back to get more. Thank you

  7. Amazing! This blog looks exactly like my old one!
    It’s on a entirely different topic but it has pretty much the same layout and design. Outstanding choice of colors!

  8. I was wondering if you ever thought of changing the page layout of your website?
    Its very well written; I love what youve
    got to say. But maybe you could a little more in the way of content so people
    could connect with it better. Youve got an awful lot of text for only having
    1 or 2 images. Maybe you could space it out better?

  9. I’m really enjoying the theme/design of your weblog. Do
    you ever run into any browser compatibility issues?
    A number of my blog readers have complained about my site
    not operating correctly in Explorer but looks great
    in Chrome. Do you have any tips to help fix this problem?

  10. [url=https://www.s-und-g.info/control.download.php?link=canadianpharmacynda.com]3[/url], [url=http://totaltransformation.org/__media__/js/netsoltrademark.php?d=canadianpharmacynda.com]767[/url], [url=http://www.reznicks.net/__media__/js/netsoltrademark.php?d=canadianpharmacynda.com]486[/url], [url=http://landata.ru/bitrix/rk.php?goto=https://canadianpharmacynda.com]324[/url], [url=http://www.rebeccacook.com/__media__/js/netsoltrademark.php?d=canadianpharmacynda.com]668[/url], [url=http://emokusa.net/__media__/js/netsoltrademark.php?d=canadianpharmacynda.com]213[/url], [url=http://contemporaryteak.us/__media__/js/netsoltrademark.php?d=canadianpharmacynda.com]69[/url], [url=http://frownfree.com/__media__/js/netsoltrademark.php?d=canadianpharmacynda.com]315[/url], [url=http://teamstaroffice.net/__media__/js/netsoltrademark.php?d=canadianpharmacynda.com]655[/url], [url=http://gjl.nowact.com/__media__/js/netsoltrademark.php?d=canadianpharmacynda.com]129[/url]

  11. Pretty section of content. I just stumbled upon your site and
    in accession capital to assert that I acquire actually enjoyed account
    your blog posts. Anyway I’ll be subscribing to your
    feeds and even I achievement you access consistently fast.

  12. Do you have a spam problem on this blog; I also am a blogger, and I was curious
    about your situation; we have created some nice procedures and we are looking
    to swap techniques with other folks, please shoot me an e-mail if
    interested.

Leave a Reply

Your email address will not be published.

Social Media Auto Publish Powered By : XYZScripts.com
error

Enjoy this blog? Please spread the word :)