African leaders advocate for technological innovation to drive AfCFTA success
Date: 2024-01-19
African
leaders, including Rwandan President Paul Kagame and President Nana Akufo-Addo
of Ghana, have reiterated the crucial role of leveraging advanced technological
tools and innovative solutions to propel the operations of the African
Continental Free Trade Area (AfCFTA).
Speaking at
a forum in Davos under the theme "Driving Action Under the African
Continental Free Trade Area," these leaders stressed that embracing
cutting-edge technologies is pivotal in overcoming challenges, enhancing
efficiency, and ensuring the seamless implementation of the AfCFTA.
Moderated
by World Economic Forum (WEF) President Børge Brende, the forum brought
together influential leaders, including Prime Minister Ahmed Hachani of
Tunisia, Deputy Prime Minister Demeke Mekonnen of Ethiopia, and AfCFTA
Secretary-General Wamkele Mene.
The
leaders, particularly President Kagame and President Akufo-Addo, called for a
robust collaboration between the public and private sectors—a vision aligning
with the broader goals of the AfCFTA. This collaborative approach is considered
essential for overcoming barriers and fostering an environment conducive to the
successful implementation of the AfCFTA.
The
anticipated benefits of the AfCFTA are substantial, with the full
implementation projected to increase real incomes across Africa by a remarkable
7%, translating to nearly $450 billion.
By: Nana Appiah Acquaye
