Welcome Mene to head the African Private Summit

AfCFTA Secretariat General Secretary Wamkele Mene is expected to headline this year’s first African Private Sector Summit, to be held March 8-12, summit organizers said.

The five-day event is primarily aimed at strategizing to improve the ease of doing business in Africa and is under the auspices of the UK-based business consultancy group Wealth Masters – with the event slated to take place virtually and streamed live on various social media. group handles.

According to the president of the group Benjamin Acheampong, it is in line with the African Continental Free Trade Area (AfCFTA) which would remove barriers to trade, such as tariffs and import quotas, allowing the free movement of goods. and services among its members.

In theory, this should boost trade, growth and jobs, given that trade between African countries is relatively low. It accounts for just 10% of all trade on the continent – compared to 25% in Southeast Asia, according to statistics.

Mr. Acheampong argued that the crucial issue at the epicenter of the continent’s intention is for Africans to take responsibility for their own resolve.

This conference is designed to deliberate all of these critical success factors with a view to reaching agreements on an implementation plan, accountability structure and review mechanism for all adopted projects.

Presenters and participants will be drawn from all sectors of society to ensure holistic representation and a wider transfer of conference commitments.

Some of the topics selected for speakers include: “The New African Landscape for Doing Business with Ease – The African Continental Free Trade Area (AfCFTA), Investment Paradigm Shifts for Sustainable Transformation and Development, Opportunities strategies to do business in Africa for maximum impact.

Accra-mandated AfCFTA Secretariat has already started operations and African countries could raise $ 20 billion a year simply by tackling non-tariff barriers that slow the flow of goods, according to the United Nations Conference on Trade and development, the United Nations entity that deals with trade. investment and development issues.