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    BREAKING NEWS
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    Africa Continental Free Trade Area (AfCFTA) Secretary General to Headline Five Days Africa Private Sector Summit

    Posted On 07 Mar 2021
    By : New Africa Business News, Staff Correspondent
    Comments: 16

    By Richard Adorsu-

    Secretariat of the African Continental Free Trade Area Accra Ghana
    Photo Credit: Africa Feeds

    NEW AFRICA BUSINESS NEWS (NABN) Accra- The Secretary General for AfCFTA Secretariat, Wamkele Mene is expected to headline the maiden Africa Private Sector Summit for this year slated for March 8 to March 12, organizers of the summit have announced.

    The five day event is primarily meant to fashion out strategies to improve the ease of doing business in Africa and is under the auspices of UK based business advisory group Wealth Masters, with the event scheduled to happen virtually and streamed live on various social media handles of the group.

    According to the President of the group Benjamin Acheampong, it falls in line with the African Continental Free Trade Area (AfCFTA) which would remove barriers to trade, like tariffs and import quotas, allowing the free flow of goods and services between its members.

    In theory that should boost commerce, growth and employment, given that trade between African countries is relatively low. It accounts for only 10% of all commerce on the continent – compared with 25% in south-east Asia, statistics show.

    Mr. Acheampong maintained that the critical question at the epicenter of the continent’s intention is for Africans to take responsibility for its own determination.

    This conference is designed to bring all these critical success factors into deliberation with the view to concluding with agreements on an implementation plan, accountability structure and assessment mechanism for all adopted projects.

    Presenters and participants will be drawn from all sectors of society to ascertain comprehensive representation and wider transference of conference commitments.

    Some of the topics selected for speakers include: “Africa’s new Landscape for Doing Business with Ease – The African Continental Free Trade Area (AfCFTA), Investment Paradigm Shifts for Sustainable Transformation and Development, Strategic Opportunities for Doing Business in Africa for Maximum Impact”.

    The AfCFTA Secretariat commissioned in Accra has already started operations and African countries could rake in $20 billion yearly by simply tackling non-tariff barriers that slow the movement of goods, according to the UN Conference on Trade and Development, the UN entity that deals with trade investment and development issues.

     

    For New Africa Business News Richard Adorsu Reports,  Africa Correspondent

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    Email: Info@newafricabusinessnews.com

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    16 Comments

    1. Felix March 7, 2021 at 5:50 am Reply

      Thank you, Journalist Richard for the report and congratulations for winning reporter of the year. Felix in Luanda Angola

      • New Africa Business News, Staff Correspondent March 7, 2021 at 5:51 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Paul March 7, 2021 at 5:58 am Reply

      Very true, this African Continental Free Trade Area is removing barriers to trade in Africa. Trade freedom is here to stay. Kampala in Uganda. Paul

      • New Africa Business News, Staff Correspondent March 7, 2021 at 5:58 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Fred March 7, 2021 at 6:01 am Reply

      Free trade within the Continent is gift from God. Thank you for the report. Lagos NIGERIA. Fred

      • New Africa Business News, Staff Correspondent March 7, 2021 at 6:02 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Henry March 7, 2021 at 6:05 am Reply

      Thank you for the newsletters. Lagos in Nigeria. Henry

      • New Africa Business News, Staff Correspondent March 7, 2021 at 6:06 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. Ahmed March 7, 2021 at 6:11 am Reply

      Non-tariff barriers is the past in the Continent. Casablanca Morocco. Ahmed

      • New Africa Business News, Staff Correspondent March 7, 2021 at 6:12 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    6. Afia March 7, 2021 at 6:18 am Reply

      Congratulations Richard for the Win. Thank you. Addis Ababa Ethiopia. Afia

      • New Africa Business News, Staff Correspondent March 7, 2021 at 6:18 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    7. Barbara March 7, 2021 at 6:44 am Reply

      Great report. Africa’s new Landscape for Doing Business with Ease. Barbara in Accra, Ghana

      • New Africa Business News, Staff Correspondent March 7, 2021 at 11:35 pm Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    8. Samuel March 7, 2021 at 3:30 pm Reply

      AfCFTA is great opportunity for our continent. Thank you for reporting. Samuel in Cape coast, Ghana

      • New Africa Business News, Staff Correspondent March 7, 2021 at 11:35 pm Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

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